February Update

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

February Update

Currency in USD · Last updated May 30, 2025

Moving toward emerging and European markets

Asset Allocation

Position	Category/Sector	Target Weight
AMZN Amazon.com, Inc.	Consumer Cyclical	8.33%
ATO.PA Atos SE	Technology	8.33%
BAESY BAE Systems PLC	Industrials	8.33%
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)	Emerging Markets Equities	8.33%
GOOGL Alphabet Inc Class A	Communication Services	8.33%
LUNR Intuitive Machines Inc.	Industrials	8.33%
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF	Commodity Producers Equities	8.33%
OXLC Oxford Lane Capital Corp.	Financial Services	8.33%
RHM.DE Rheinmetall AG	Industrials	8.33%
TSCO.L Tesco PLC	Consumer Defensive	8.33%
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	Europe Equities	8.33%
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	Large Cap Blend Equities	8.33%

Benchmark

S&P 500

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is Feb 10, 2023, corresponding to the inception date of NUCG.L

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	0.52%	6.32%	-1.44%	12.25%	14.20%	10.84%
February Update	27.04%	13.19%	18.56%	1,608.85%	N/A	N/A
Portfolio components:
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	0.30%	7.01%	-1.28%	13.33%	13.74%	N/A
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	20.65%	5.02%	18.62%	15.80%	11.23%	N/A
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)	9.09%	5.76%	8.21%	10.82%	6.36%	5.40%
AMZN Amazon.com, Inc.	-6.24%	9.77%	-0.02%	13.01%	10.99%	25.31%
LUNR Intuitive Machines Inc.	-34.20%	38.95%	-17.30%	138.05%	N/A	N/A
RHM.DE Rheinmetall AG	235.86%	29.73%	227.87%	286.15%	94.36%	47.61%
GOOGL Alphabet Inc Class A	-9.11%	7.31%	1.79%	-1.83%	19.23%	20.19%
BAESY BAE Systems PLC	81.79%	10.97%	60.44%	52.49%	38.45%	17.13%
OXLC Oxford Lane Capital Corp.	-3.29%	-1.88%	-4.43%	2.76%	25.02%	5.94%
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF	14.42%	29.29%	3.38%	26.22%	N/A	N/A
TSCO.L Tesco PLC	15.01%	8.32%	14.06%	36.52%	14.30%	8.66%
ATO.PA Atos SE	62.68%	8.08%	-99.47%	-72.16%	-62.28%	-36.78%

*Annualized

Monthly Returns

The table below presents the monthly returns of February Update, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2025	6.04%	1.79%	-1.97%	5.61%	13.69%								27.04%
2024	2.48%	6.49%	4.95%	-1.34%	2.94%	-6.29%	2.68%	2.34%	5.56%	-1.02%	1,352.14%	-9.07%	1,480.16%
2023		9.58%	-0.07%	0.41%	-1.13%	4.52%	2.12%	-4.83%	-5.35%	-0.93%	4.04%	4.76%	12.87%

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Expense Ratio

February Update has an expense ratio of 0.08%, 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.

EMIM.L

iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)

VEUA.L

Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating

VUAG.L

Vanguard S&P 500 UCITS ETF (USD) Accumulating

NUCG.L

VanEck Uranium and Nuclear Technologies UCITS ETF

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 99, February Update is among the top 1% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	0.76	1.02	1.15	0.62	2.36
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	0.96	1.14	1.15	0.90	2.47
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)	0.60	0.90	1.12	0.59	1.67
AMZN Amazon.com, Inc.	0.37	0.70	1.09	0.36	0.93
LUNR Intuitive Machines Inc.	1.10	2.47	1.29	1.73	5.00
RHM.DE Rheinmetall AG	5.88	5.73	1.80	15.48	37.70
GOOGL Alphabet Inc Class A	-0.06	0.11	1.01	-0.08	-0.16
BAESY BAE Systems PLC	1.50	2.19	1.29	2.35	5.18
OXLC Oxford Lane Capital Corp.	0.12	0.12	1.02	-0.04	-0.13
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF	0.72	1.32	1.16	0.80	2.06
TSCO.L Tesco PLC	1.54	2.02	1.30	1.91	6.03
ATO.PA Atos SE	-0.01	54.88	9.99	-0.53	-0.68

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.

February Update Sharpe ratios as of May 30, 2025 (values are recalculated daily):

1-Year: 2.29
All Time: 0.64

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 0.58 to 1.13, 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 February Update compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend yield

February Update provided a 2.51% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	2.51%	2.29%	2.21%	2.32%	3.18%	3.29%	2.36%	2.16%	2.08%	2.50%	2.52%	2.37%
Portfolio components:
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AMZN Amazon.com, 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%
LUNR Intuitive Machines 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%
RHM.DE Rheinmetall AG	0.43%	0.93%	1.50%	1.77%	2.41%	5.54%	2.05%	2.20%	1.37%	1.72%	0.49%	1.10%
GOOGL Alphabet Inc Class A	0.47%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BAESY BAE Systems PLC	1.65%	2.77%	2.45%	3.16%	4.45%	7.23%	3.75%	5.11%	3.49%	3.94%	4.36%	4.62%
OXLC Oxford Lane Capital Corp.	23.94%	20.12%	18.83%	17.75%	10.58%	22.51%	19.85%	16.70%	17.91%	22.84%	24.10%	16.72%
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TSCO.L Tesco PLC	3.58%	3.39%	3.75%	5.15%	20.72%	4.19%	2.64%	1.93%	0.48%	0.00%	0.00%	5.97%
ATO.PA Atos SE	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.73%	1.44%	1.36%	0.02%

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 February Update. 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 February Update was 55.15%, occurring on Nov 21, 2024. Recovery took 3 trading sessions.

The current February Update drawdown is 7.01%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-55.15%	Nov 13, 2024	7	Nov 21, 2024	3	Nov 26, 2024	10
-39.53%	Feb 23, 2023	175	Oct 26, 2023	270	Nov 12, 2024	445
-29.36%	Nov 28, 2024	16	Dec 19, 2024	—	—	—
-5.7%	Feb 17, 2023	3	Feb 21, 2023	1	Feb 22, 2023	4
-0.27%	Feb 14, 2023	1	Feb 14, 2023	1	Feb 15, 2023	2

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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 12 assets, with an effective number of assets of 12.00, 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.

Asset Correlations Table

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

	^GSPC	ATO.PA	TSCO.L	LUNR	BAESY	RHM.DE	OXLC	GOOGL	NUCG.L	AMZN	EMIM.L	VEUA.L	VUAG.L	Portfolio
^GSPC	1.00	0.05	0.15	0.27	0.17	0.21	0.45	0.59	0.34	0.65	0.47	0.47	0.62	0.49
ATO.PA	0.05	1.00	0.09	0.03	0.03	0.08	0.08	0.00	0.09	0.01	0.26	0.29	0.19	0.48
TSCO.L	0.15	0.09	1.00	0.05	0.16	0.16	0.12	0.01	0.06	0.03	0.22	0.43	0.23	0.24
LUNR	0.27	0.03	0.05	1.00	0.05	0.02	0.20	0.19	0.17	0.22	0.14	0.13	0.21	0.59
BAESY	0.17	0.03	0.16	0.05	1.00	0.56	0.05	0.05	0.22	-0.01	0.19	0.35	0.25	0.33
RHM.DE	0.21	0.08	0.16	0.02	0.56	1.00	0.09	0.02	0.20	0.03	0.25	0.38	0.30	0.37
OXLC	0.45	0.08	0.12	0.20	0.05	0.09	1.00	0.24	0.18	0.30	0.26	0.23	0.28	0.34
GOOGL	0.59	0.00	0.01	0.19	0.05	0.02	0.24	1.00	0.14	0.61	0.26	0.18	0.35	0.39
NUCG.L	0.34	0.09	0.06	0.17	0.22	0.20	0.18	0.14	1.00	0.24	0.40	0.34	0.44	0.38
AMZN	0.65	0.01	0.03	0.22	-0.01	0.03	0.30	0.61	0.24	1.00	0.27	0.22	0.41	0.37
EMIM.L	0.47	0.26	0.22	0.14	0.19	0.25	0.26	0.26	0.40	0.27	1.00	0.69	0.58	0.47
VEUA.L	0.47	0.29	0.43	0.13	0.35	0.38	0.23	0.18	0.34	0.22	0.69	1.00	0.64	0.51
VUAG.L	0.62	0.19	0.23	0.21	0.25	0.30	0.28	0.35	0.44	0.41	0.58	0.64	1.00	0.54
Portfolio	0.49	0.48	0.24	0.59	0.33	0.37	0.34	0.39	0.38	0.37	0.47	0.51	0.54	1.00

The correlation results are calculated based on daily price changes starting from Feb 13, 2023

Go to the full Correlations tool for more customization options

Performance Analysis

Risk Analysis

Optimization

Factor Model

February Update

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Expense Ratio

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

Risk-Adjusted Performance Indicators

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

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