Hm2 10% smh/fselx

Asset Allocation

Position	Category/Sector	Target Weight
ASML ASML Holding N.V.	Technology	7%
AVGO Broadcom Inc.	Technology	9%
FSELX Fidelity Select Semiconductors Portfolio	Technology Equities	5%
GOOG Alphabet Inc	Communication Services	7%
NVDA NVIDIA Corporation	Technology	10%
SMH VanEck Semiconductor ETF	Semiconductors, Technology Equities	5%
TSM Taiwan Semiconductor Manufacturing Company Limited	Technology	9%
VTI Vanguard Total Stock Market ETF	Large Cap Blend Equities	30%
VXUS Vanguard Total International Stock ETF	Foreign Large Cap Equities	18%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Hm2 10% smh/fselx , 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 year.

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The earliest data available for this chart is Apr 3, 2014, corresponding to the inception date of GOOG

Returns By Period

As of Apr 9, 2026, the Hm2 10% smh/fselx returned 7.95% Year-To-Date and 29.50% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.62%	0.64%	-0.30%	1.33%	25.06%	18.43%	10.57%	12.82%
Portfolio Hm2 10% smh/fselx	0.59%	2.99%	7.95%	12.35%	64.50%	44.16%	27.29%	29.50%
Portfolio components:
NVDA NVIDIA Corporation	1.01%	-0.46%	-1.38%	-4.49%	60.90%	88.28%	66.52%	70.65%
TSM Taiwan Semiconductor Manufacturing Company Limited	-0.11%	5.60%	20.61%	22.54%	133.02%	62.49%	26.45%	33.80%
ASML ASML Holding N.V.	1.94%	4.72%	35.59%	48.20%	113.15%	31.19%	19.18%	31.97%
AVGO Broadcom Inc.	1.22%	3.82%	2.76%	3.28%	93.24%	80.56%	51.90%	40.22%
GOOG Alphabet Inc	0.52%	3.08%	0.89%	30.80%	97.11%	43.94%	22.78%	24.10%
FSELX Fidelity Select Semiconductors Portfolio	5.60%	7.50%	19.03%	22.03%	119.82%	54.53%	33.85%	33.93%
SMH VanEck Semiconductor ETF	1.75%	8.30%	19.49%	25.04%	104.74%	50.44%	28.21%	32.99%
VTI Vanguard Total Stock Market ETF	0.52%	0.90%	0.37%	2.06%	26.42%	19.70%	10.94%	14.28%
VXUS Vanguard Total International Stock ETF	-0.20%	2.57%	7.57%	11.86%	40.59%	17.30%	8.21%	9.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Apr 4, 2014, Hm2 10% smh/fselx 's average daily return is +0.11%, while the average monthly return is +2.14%. At this rate, your investment would double in approximately 2.7 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 2022 with a return of +14.2%, while the worst month was Apr 2022 at -13.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Hm2 10% smh/fselx closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +12.1%, while the worst single day was Mar 16, 2020 at -13.5%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	6.19%	0.66%	-6.04%	7.48%									7.95%
2025	1.56%	-3.91%	-7.00%	2.07%	11.04%	9.16%	3.03%	2.02%	9.60%	6.67%	0.06%	-0.11%	37.94%
2024	5.40%	9.68%	5.47%	-2.91%	9.36%	7.75%	-2.10%	1.14%	1.63%	0.73%	1.79%	4.34%	50.20%
2023	13.77%	-0.39%	8.12%	-1.48%	13.02%	6.14%	4.91%	-0.63%	-7.37%	-3.45%	11.39%	8.00%	62.42%
2022	-7.62%	-2.91%	3.03%	-13.08%	1.64%	-11.39%	10.19%	-6.75%	-11.80%	4.82%	14.19%	-6.38%	-26.54%
2021	2.48%	4.49%	1.43%	4.54%	2.51%	4.66%	1.44%	5.03%	-5.54%	8.89%	4.36%	2.07%	42.18%

Benchmark Metrics

Hm2 10% smh/fselx has an annualized alpha of 12.64%, beta of 1.19, and R² of 0.80 versus S&P 500 Index. Calculated based on daily prices since April 04, 2014.

This portfolio captured 160.23% of S&P 500 Index gains but only 92.44% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 12.64% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 12.64%

Beta: 1.19

R²: 0.80

Upside Capture: 160.23%

Downside Capture: 92.44%

Expense Ratio

Hm2 10% smh/fselx has an expense ratio of 0.07%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

FSELX

Fidelity Select Semiconductors Portfolio

SMH

VanEck Semiconductor ETF

VXUS

Vanguard Total International Stock ETF

VTI

Vanguard Total Stock Market ETF

Return for Risk

Risk / Return Rank

Hm2 10% smh/fselx ranks 89 for risk / return — in the top 89% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	3.06	1.84	+1.22
Sortino ratio Return per unit of downside risk	3.80	2.53	+1.27
Omega ratio Gain probability vs. loss probability	1.52	1.35	+0.17
Calmar ratio Return relative to maximum drawdown	6.42	3.83	+2.59
Martin ratio Return relative to average drawdown	27.21	16.98	+10.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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
NVDA NVIDIA Corporation	77	1.74	2.30	1.29	4.37	10.88
TSM Taiwan Semiconductor Manufacturing Company Limited	95	3.80	4.24	1.53	8.44	30.94
ASML ASML Holding N.V.	90	2.92	3.36	1.43	7.72	21.17
AVGO Broadcom Inc.	82	2.17	2.81	1.36	4.61	11.12
GOOG Alphabet Inc	93	3.47	4.35	1.55	5.43	20.14
FSELX Fidelity Select Semiconductors Portfolio	96	4.14	4.77	1.65	11.19	42.10
SMH VanEck Semiconductor ETF	87	3.42	3.80	1.52	8.94	32.59
VTI Vanguard Total Stock Market ETF	55	1.88	2.55	1.35	4.15	18.11
VXUS Vanguard Total International Stock ETF	76	2.81	3.77	1.52	4.41	17.73

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Hm2 10% smh/fselx Sharpe ratios as of Apr 9, 2026 (values are recalculated daily):

1-Year: 3.06
5-Year: 1.08
10-Year: 1.21
All Time: 1.15

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 2.13 to 2.98, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of Hm2 10% smh/fselx compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Hm2 10% smh/fselx provided a 1.53% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.53%	1.72%	1.69%	1.78%	2.05%	1.68%	1.72%	2.08%	3.34%	2.25%	1.81%	2.47%
Portfolio components:
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
TSM Taiwan Semiconductor Manufacturing Company Limited	0.91%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%
ASML ASML Holding N.V.	0.65%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%
AVGO Broadcom Inc.	0.70%	0.70%	0.94%	1.71%	3.02%	2.24%	3.05%	3.54%	3.11%	1.87%	1.43%	1.13%
GOOG Alphabet Inc	0.27%	0.26%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSELX Fidelity Select Semiconductors Portfolio	9.33%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%
SMH VanEck Semiconductor ETF	0.26%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%
VTI Vanguard Total Stock Market ETF	1.12%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%
VXUS Vanguard Total International Stock ETF	2.82%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%

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 Hm2 10% smh/fselx . 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 Hm2 10% smh/fselx was 37.29%, occurring on Oct 14, 2022. Recovery took 154 trading sessions.

The current Hm2 10% smh/fselx drawdown is 2.79%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-37.29%	Dec 28, 2021	202	Oct 14, 2022	154	May 26, 2023	356
-33.27%	Feb 20, 2020	20	Mar 18, 2020	74	Jul 2, 2020	94
-23.97%	Jan 24, 2025	52	Apr 8, 2025	42	Jun 9, 2025	94
-23.18%	Oct 2, 2018	58	Dec 24, 2018	78	Apr 17, 2019	136
-16.89%	Jul 11, 2024	18	Aug 5, 2024	67	Nov 7, 2024	85

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 9 assets, with an effective number of assets of 6.12, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	GOOG	TSM	VXUS	AVGO	NVDA	ASML	VTI	FSELX	SMH	Portfolio
Benchmark	1.00	0.69	0.59	0.79	0.65	0.63	0.66	0.99	0.77	0.77	0.86
GOOG	0.69	1.00	0.46	0.54	0.47	0.51	0.50	0.67	0.56	0.57	0.67
TSM	0.59	0.46	1.00	0.60	0.59	0.59	0.64	0.59	0.73	0.78	0.78
VXUS	0.79	0.54	0.60	1.00	0.53	0.49	0.66	0.80	0.65	0.66	0.76
AVGO	0.65	0.47	0.59	0.53	1.00	0.61	0.62	0.64	0.79	0.78	0.80
NVDA	0.63	0.51	0.59	0.49	0.61	1.00	0.61	0.62	0.80	0.80	0.83
ASML	0.66	0.50	0.64	0.66	0.62	0.61	1.00	0.66	0.76	0.80	0.80
VTI	0.99	0.67	0.59	0.80	0.64	0.62	0.66	1.00	0.78	0.77	0.85
FSELX	0.77	0.56	0.73	0.65	0.79	0.80	0.76	0.78	1.00	0.97	0.93
SMH	0.77	0.57	0.78	0.66	0.78	0.80	0.80	0.77	0.97	1.00	0.94
Portfolio	0.86	0.67	0.78	0.76	0.80	0.83	0.80	0.85	0.93	0.94	1.00

The correlation results are calculated based on daily price changes starting from Apr 4, 2014

Hm2 10% smh/fselx

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table