Portfolio 2025-08

Asset Allocation

Position	Category/Sector	Target Weight
AMD Advanced Micro Devices, Inc.	Technology	3%
AMZN Amazon.com, Inc	Consumer Cyclical	3%
ASML ASML Holding N.V.	Technology	3%
CBK.DE Commerzbank AG	Financial Services	51%
CM Canadian Imperial Bank of Commerce	Financial Services	4%
HIMS Hims & Hers Health, Inc.	Consumer Defensive	4%
JNJ Johnson & Johnson	Healthcare	4%
MA Mastercard Inc	Financial Services	4%
MSFT Microsoft Corporation	Technology	3%
NKE NIKE, Inc.	Consumer Cyclical	3%
PYPL PayPal Holdings, Inc.	Financial Services	4%
SAP SAP SE	Technology	3%
TMO Thermo Fisher Scientific Inc.	Healthcare	4%
TSM Taiwan Semiconductor Manufacturing Company Limited	Technology	3%
UNH UnitedHealth Group Incorporated	Healthcare	4%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Portfolio 2025-08, 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 13, 2019, corresponding to the inception date of HIMS

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-2.33%	-3.84%	-1.98%	29.73%	16.86%	10.37%	12.29%
Portfolio Portfolio 2025-08	-1.53%	0.01%	-12.24%	-7.23%	45.09%	35.90%	27.11%	—
Portfolio components:
MSFT Microsoft Corporation	1.11%	-8.68%	-22.60%	-27.51%	4.58%	10.00%	9.94%	22.58%
AMD Advanced Micro Devices, Inc.	3.47%	13.03%	1.56%	32.08%	153.61%	31.09%	21.81%	54.37%
ASML ASML Holding N.V.	-3.13%	1.89%	23.29%	28.01%	119.97%	26.32%	16.83%	30.54%
SAP SAP SE	0.24%	-15.07%	-29.29%	-36.51%	-30.27%	12.19%	8.09%	9.54%
TSM Taiwan Semiconductor Manufacturing Company Limited	-0.72%	0.33%	11.88%	16.66%	133.75%	56.27%	24.16%	32.63%
HIMS Hims & Hers Health, Inc.	-3.53%	21.60%	-41.05%	-63.57%	-26.36%	22.90%	7.07%	—
TMO Thermo Fisher Scientific Inc.	-0.62%	-2.00%	-15.10%	-9.39%	12.64%	-4.53%	1.77%	13.38%
UNH UnitedHealth Group Incorporated	1.20%	-2.47%	-15.36%	-21.91%	-45.70%	-15.89%	-3.82%	9.69%
JNJ Johnson & Johnson	-0.44%	1.10%	18.06%	30.35%	63.02%	19.22%	11.44%	11.41%
MA Mastercard Inc	0.36%	-5.53%	-13.44%	-14.75%	1.33%	11.07%	6.92%	18.61%

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

Monthly Returns

Based on dividend-adjusted daily data since Sep 16, 2019, Portfolio 2025-08's average daily return is +0.11%, while the average monthly return is +2.16%. At this rate, your investment would double in approximately 2.7 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +21.7%, while the worst month was Mar 2020 at -21.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Portfolio 2025-08 closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +10.4%, while the worst single day was Mar 12, 2020 at -14.4%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	-2.13%	-2.44%	-8.66%	0.62%									-12.24%
2025	13.74%	4.22%	-0.03%	7.23%	15.22%	4.13%	10.17%	1.87%	1.71%	0.67%	2.57%	3.71%	86.36%
2024	-0.05%	4.72%	10.92%	1.29%	11.64%	-5.13%	5.60%	-4.39%	14.17%	-3.24%	-2.44%	0.01%	35.54%
2023	15.81%	3.61%	-5.68%	3.63%	-5.61%	8.22%	5.02%	-7.08%	-0.36%	-4.12%	14.27%	0.75%	28.56%
2022	2.71%	-2.80%	-4.45%	-12.13%	15.23%	-14.27%	5.54%	-4.01%	-1.79%	6.92%	7.83%	4.37%	-0.87%
2021	2.68%	-1.18%	-2.99%	6.03%	12.52%	-5.76%	-3.94%	-0.54%	-0.10%	8.13%	-2.90%	5.41%	16.90%

Benchmark Metrics

Portfolio 2025-08 has an annualized alpha of 14.38%, beta of 0.89, and R² of 0.38 versus S&P 500 Index. Calculated based on daily prices since September 16, 2019.

This portfolio captured 123.94% of S&P 500 Index gains but only 80.94% of its losses — a favorable profile for investors.
R² of 0.38 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: 14.38%

Beta: 0.89

R²: 0.38

Upside Capture: 123.94%

Downside Capture: 80.94%

Expense Ratio

Portfolio 2025-08 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.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

Portfolio 2025-08 ranks 43 for risk / return — on par with similar portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

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	1.24	0.88	+0.36
Sortino ratio Return per unit of downside risk	1.75	1.37	+0.38
Omega ratio Gain probability vs. loss probability	1.21	1.21	+0.01
Calmar ratio Return relative to maximum drawdown	2.18	1.39	+0.79
Martin ratio Return relative to average drawdown	6.56	6.43	+0.13
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
MSFT Microsoft Corporation	34	-0.06	0.11	1.01	-0.05	-0.12
AMD Advanced Micro Devices, Inc.	85	1.73	2.48	1.32	4.02	8.17
ASML ASML Holding N.V.	92	2.37	2.97	1.38	5.58	15.42
SAP SAP SE	6	-1.11	-1.51	0.80	-0.76	-1.73
TSM Taiwan Semiconductor Manufacturing Company Limited	93	2.64	3.23	1.41	5.70	18.99
HIMS Hims & Hers Health, Inc.	25	-0.38	0.03	1.00	-0.49	-0.96
TMO Thermo Fisher Scientific Inc.	38	0.03	0.29	1.03	0.08	0.17
UNH UnitedHealth Group Incorporated	11	-0.89	-1.09	0.82	-0.76	-1.00
JNJ Johnson & Johnson	97	3.51	4.77	1.64	7.48	25.03
MA Mastercard Inc	20	-0.39	-0.38	0.95	-0.50	-1.21

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.

Portfolio 2025-08 Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 1.24
5-Year: 1.00
All Time: 0.86

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 0.99 to 1.69, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of Portfolio 2025-08 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

Portfolio 2025-08 provided a 1.69% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.69%	1.48%	1.71%	1.57%	0.73%	0.48%	2.47%	2.54%	0.69%	0.60%	2.11%	0.72%
Portfolio components:
MSFT Microsoft Corporation	0.93%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
AMD Advanced Micro Devices, 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%
ASML ASML Holding N.V.	0.71%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%
SAP SAP SE	1.48%	1.05%	0.97%	1.41%	2.05%	1.56%	1.31%	1.27%	1.73%	0.87%	1.08%	1.11%
TSM Taiwan Semiconductor Manufacturing Company Limited	0.98%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%
HIMS Hims & Hers Health, 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%
TMO Thermo Fisher Scientific Inc.	0.36%	0.30%	0.30%	0.26%	0.22%	0.16%	0.19%	0.23%	0.30%	0.32%	0.43%	0.42%
UNH UnitedHealth Group Incorporated	3.19%	2.64%	1.62%	1.38%	1.21%	1.12%	1.38%	1.41%	1.38%	1.30%	1.48%	1.59%
JNJ Johnson & Johnson	2.14%	2.48%	3.40%	3.00%	2.52%	2.45%	2.53%	2.57%	2.74%	2.38%	2.73%	2.87%
MA Mastercard Inc	0.64%	0.53%	0.50%	0.53%	0.56%	0.49%	0.45%	0.44%	0.53%	0.58%	0.74%	0.66%

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 Portfolio 2025-08. 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 Portfolio 2025-08 was 41.47%, occurring on Mar 23, 2020. Recovery took 96 trading sessions.

The current Portfolio 2025-08 drawdown is 13.87%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-41.47%	Feb 18, 2020	25	Mar 23, 2020	96	Aug 5, 2020	121
-33.7%	Feb 10, 2022	110	Jul 14, 2022	142	Jan 31, 2023	252
-17.03%	Jan 28, 2026	44	Mar 30, 2026	—	—	—
-15.98%	Jul 19, 2023	51	Sep 27, 2023	69	Jan 4, 2024	120
-15.51%	Mar 19, 2025	13	Apr 4, 2025	21	May 6, 2025	34

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 15 assets, with an effective number of assets of 3.60, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.

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	JNJ	UNH	CBK.DE	HIMS	TMO	CM	NKE	AMD	TSM	AMZN	PYPL	MA	SAP	MSFT	ASML	Portfolio
Benchmark	1.00	0.29	0.36	0.28	0.37	0.53	0.58	0.57	0.61	0.62	0.66	0.61	0.65	0.61	0.74	0.69	0.57
JNJ	0.29	1.00	0.37	0.08	0.00	0.32	0.19	0.21	0.05	0.04	0.06	0.12	0.28	0.19	0.16	0.14	0.16
UNH	0.36	0.37	1.00	0.07	0.07	0.30	0.22	0.22	0.15	0.13	0.14	0.18	0.31	0.18	0.23	0.17	0.19
CBK.DE	0.28	0.08	0.07	1.00	0.12	0.09	0.39	0.18	0.13	0.20	0.11	0.14	0.23	0.24	0.11	0.23	0.90
HIMS	0.37	0.00	0.07	0.12	1.00	0.18	0.24	0.23	0.29	0.26	0.27	0.33	0.18	0.24	0.24	0.31	0.33
TMO	0.53	0.32	0.30	0.09	0.18	1.00	0.28	0.38	0.33	0.33	0.34	0.42	0.40	0.35	0.41	0.42	0.30
CM	0.58	0.19	0.22	0.39	0.24	0.28	1.00	0.37	0.29	0.38	0.30	0.33	0.40	0.38	0.33	0.38	0.52
NKE	0.57	0.21	0.22	0.18	0.23	0.38	0.37	1.00	0.32	0.34	0.38	0.43	0.47	0.36	0.38	0.41	0.37
AMD	0.61	0.05	0.15	0.13	0.29	0.33	0.29	0.32	1.00	0.60	0.52	0.45	0.34	0.41	0.55	0.63	0.37
TSM	0.62	0.04	0.13	0.20	0.26	0.33	0.38	0.34	0.60	1.00	0.47	0.38	0.34	0.46	0.51	0.69	0.42
AMZN	0.66	0.06	0.14	0.11	0.27	0.34	0.30	0.38	0.52	0.47	1.00	0.53	0.41	0.48	0.66	0.52	0.34
PYPL	0.61	0.12	0.18	0.14	0.33	0.42	0.33	0.43	0.45	0.38	0.53	1.00	0.50	0.44	0.51	0.47	0.38
MA	0.65	0.28	0.31	0.23	0.18	0.40	0.40	0.47	0.34	0.34	0.41	0.50	1.00	0.46	0.51	0.42	0.41
SAP	0.61	0.19	0.18	0.24	0.24	0.35	0.38	0.36	0.41	0.46	0.48	0.44	0.46	1.00	0.53	0.54	0.44
MSFT	0.74	0.16	0.23	0.11	0.24	0.41	0.33	0.38	0.55	0.51	0.66	0.51	0.51	0.53	1.00	0.57	0.35
ASML	0.69	0.14	0.17	0.23	0.31	0.42	0.38	0.41	0.63	0.69	0.52	0.47	0.42	0.54	0.57	1.00	0.48
Portfolio	0.57	0.16	0.19	0.90	0.33	0.30	0.52	0.37	0.37	0.42	0.34	0.38	0.41	0.44	0.35	0.48	1.00

The correlation results are calculated based on daily price changes starting from Sep 16, 2019

Portfolio 2025-08

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