Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DEA, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Sep 12, 2025, corresponding to the inception date of GEMI
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 2.51% | -0.19% | -0.92% | 0.43% | 36.13% | 18.22% | 10.44% | 12.72% |
Portfolio DEA | 0.91% | -1.39% | -0.33% | -8.35% | — | — | — | — |
| Portfolio components: | ||||||||
STZ Constellation Brands, Inc. | -2.32% | 0.87% | 9.62% | 6.77% | -9.83% | -10.82% | -6.10% | 0.96% |
CHYM Chime Financial, Inc | 5.80% | -10.56% | -19.59% | -5.20% | — | — | — | — |
MTN Vail Resorts, Inc. | -0.16% | -1.66% | -0.82% | -12.17% | 4.83% | -13.79% | -12.32% | 3.15% |
ABNB Airbnb, Inc. | 5.15% | -1.96% | -3.18% | 9.51% | 24.33% | 6.20% | -6.05% | — |
OXY Occidental Petroleum Corporation | -5.04% | 9.15% | 46.05% | 34.11% | 69.11% | -0.06% | 20.97% | 1.17% |
CE Celanese Corporation | 0.28% | 23.91% | 50.87% | 49.73% | 70.47% | -14.43% | -14.59% | 1.40% |
MRK Merck & Co., Inc. | 3.27% | 5.96% | 17.89% | 44.85% | 61.69% | 6.33% | 14.64% | 12.24% |
UPS United Parcel Service, Inc. | 2.95% | 0.51% | 2.68% | 20.14% | 16.75% | -14.56% | -6.70% | 3.40% |
TGT Target Corporation | 3.01% | 2.48% | 27.23% | 39.34% | 45.07% | -6.08% | -7.06% | 7.45% |
CRWV CoreWeave, Inc. | 4.29% | 19.47% | 24.14% | -36.49% | 103.85% | — | — | — |
Monthly Returns
Based on dividend-adjusted daily data since Sep 15, 2025, DEA's average daily return is -0.04%, while the average monthly return is -0.79%.
Historically, 38% of months were positive and 63% were negative. The best month was Apr 2026 with a return of +1.4%, while the worst month was Mar 2026 at -3.3%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 4 months.
On a daily basis, DEA closed higher 51% of trading days. The best single day was Feb 6, 2026 with a return of +3.2%, while the worst single day was Oct 10, 2025 at -3.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.74% | 0.88% | -3.27% | 1.39% | -0.33% | ||||||||
| 2025 | -0.90% | -2.78% | -2.35% | -0.03% | -5.95% |
Benchmark Metrics
DEA has an annualized alpha of -14.53%, beta of 0.97, and R² of 0.47 versus S&P 500 Index. Calculated based on daily prices since September 15, 2025.
- This portfolio participated in 43.38% of S&P 500 Index downside but only -37.23% of its upside — more exposed to losses than it benefited from rallies.
- R² of 0.47 means the benchmark explains less than half of this portfolio's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -14.53%
- Beta
- 0.97
- R²
- 0.47
- Upside Capture
- -37.23%
- Downside Capture
- 43.38%
Expense Ratio
DEA has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Return / Risk — by metrics
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
STZ Constellation Brands, Inc. | 22 | -0.35 | -0.32 | 0.96 | -0.33 | -0.54 |
CHYM Chime Financial, Inc | — | — | — | — | — | — |
MTN Vail Resorts, Inc. | 31 | 0.14 | 0.49 | 1.05 | -0.22 | -0.43 |
ABNB Airbnb, Inc. | 55 | 0.72 | 1.24 | 1.16 | 1.08 | 2.34 |
OXY Occidental Petroleum Corporation | 78 | 1.93 | 2.58 | 1.33 | 2.72 | 6.23 |
CE Celanese Corporation | 63 | 1.19 | 1.95 | 1.23 | 1.30 | 2.42 |
MRK Merck & Co., Inc. | 85 | 2.19 | 2.96 | 1.38 | 4.12 | 11.72 |
UPS United Parcel Service, Inc. | 47 | 0.58 | 1.01 | 1.13 | 0.48 | 0.91 |
TGT Target Corporation | 68 | 1.40 | 2.08 | 1.25 | 1.70 | 4.00 |
CRWV CoreWeave, Inc. | 61 | 0.96 | 1.93 | 1.22 | 1.32 | 2.09 |
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Dividends
Dividend yield
DEA provided a 2.27% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.27% | 2.30% | 1.89% | 1.58% | 1.42% | 1.05% | 1.25% | 1.64% | 1.60% | 1.24% | 1.57% | 1.73% |
| Portfolio components: | ||||||||||||
STZ Constellation Brands, Inc. | 2.72% | 2.95% | 1.77% | 1.44% | 1.36% | 1.21% | 1.37% | 1.58% | 1.70% | 0.86% | 0.98% | 0.65% |
CHYM Chime Financial, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MTN Vail Resorts, Inc. | 6.86% | 6.69% | 4.74% | 3.86% | 3.21% | 0.54% | 0.63% | 2.94% | 2.79% | 1.98% | 2.01% | 1.95% |
ABNB Airbnb, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OXY Occidental Petroleum Corporation | 1.64% | 2.33% | 1.78% | 1.21% | 0.83% | 0.14% | 4.74% | 7.62% | 5.05% | 4.15% | 4.24% | 4.39% |
CE Celanese Corporation | 0.19% | 0.28% | 4.05% | 1.80% | 2.68% | 1.62% | 1.91% | 1.95% | 2.31% | 1.62% | 1.75% | 1.71% |
MRK Merck & Co., Inc. | 2.70% | 3.12% | 3.14% | 2.72% | 2.52% | 3.41% | 3.03% | 2.48% | 2.60% | 3.36% | 3.14% | 3.43% |
UPS United Parcel Service, Inc. | 6.53% | 6.61% | 5.17% | 4.12% | 3.50% | 1.90% | 2.40% | 3.28% | 3.73% | 2.79% | 2.72% | 3.03% |
TGT Target Corporation | 3.69% | 4.62% | 3.28% | 3.06% | 2.66% | 1.37% | 1.52% | 2.03% | 3.81% | 3.74% | 3.21% | 2.97% |
CRWV CoreWeave, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the DEA. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DEA was 14.35%, occurring on Nov 20, 2025. The portfolio has not yet recovered.
The current DEA drawdown is 8.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.35% | Oct 10, 2025 | 30 | Nov 20, 2025 | — | — | — |
| -2.94% | Sep 23, 2025 | 3 | Sep 25, 2025 | 5 | Oct 2, 2025 | 8 |
| -0.82% | Oct 6, 2025 | 2 | Oct 7, 2025 | 1 | Oct 8, 2025 | 3 |
| -0.32% | Sep 15, 2025 | 1 | Sep 15, 2025 | 2 | Sep 17, 2025 | 3 |
| -0.12% | Sep 19, 2025 | 1 | Sep 19, 2025 | 1 | Sep 22, 2025 | 2 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 79 assets, with an effective number of assets of 50.88, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.