40/60 Jul 2026

Asset Allocation

Position	Category/Sector	Target Weight
AGG iShares Core U.S. Aggregate Bond ETF	Total Bond Market	27.80%
VCSH Vanguard Short-Term Corporate Bond ETF	Corporate Bonds	13.90%
ICSH iShares Ultra Short Duration Bond Active ETF	Ultrashort Bond	10.90%
QUAL iShares MSCI USA Quality Factor ETF	Large Cap Blend Equities	7.10%
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	High Yield Bonds	5.90%
XLU State Street Utilities Select Sector SPDR ETF	Utilities Equities	5%
XLV State Street Health Care Select Sector SPDR ETF	Health & Biotech Equities	4.90%
XLP State Street Consumer Staples Select Sector SPDR ETF	Consumer Staples Equities	4.90%
SPYV SPDR Portfolio S&P 500 Value ETF	S&P 500, Large Cap Value Equities	3%
VEA Vanguard FTSE Developed Markets ETF	Foreign Large Cap Equities	3%
XLI Industrial Select Sector SPDR Fund	Industrials Equities	2.60%
XLE State Street Energy Select Sector SPDR ETF	Energy Equities	2.40%
XLK State Street Technology Select Sector SPDR ETF	Technology Equities	2.20%
GDX VanEck Gold Miners ETF	Gold, Precious Metals	2%
ARKK ARK Innovation ETF	Technology Equities	1.90%
TLT iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	1%
XLF State Street Financial Select Sector SPDR ETF	Financials Equities	1%
USD=X USD Cash		0.50%
FLOT iShares Floating Rate Bond ETF	Ultrashort Bond, Corporate Bonds	0%
TBLL Invesco Short Term Treasury ETF	Ultrashort Bond	0%

Benchmark Against

Benchmark

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 40/60 Jul 2026, 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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Returns By Period

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.30%	0.09%	8.18%	8.17%	23.42%	19.88%	11.91%	13.45%
Portfolio 40/60 Jul 2026	0.00%	-0.20%	3.64%	4.28%	12.14%	10.01%	5.34%	—
Portfolio components:
AGG iShares Core U.S. Aggregate Bond ETF	0.00%	-0.69%	-0.08%	0.26%	4.97%	3.88%	-0.03%	1.52%
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	0.03%	-0.23%	1.27%	1.74%	7.79%	8.23%	3.26%	6.13%
ARKK ARK Innovation ETF	1.87%	-4.10%	-1.35%	-7.42%	24.13%	21.64%	-7.38%	15.39%
FLOT iShares Floating Rate Bond ETF	0.00%	0.41%	1.87%	2.15%	4.85%	5.60%	4.20%	3.03%
GDX VanEck Gold Miners ETF	-0.22%	-16.83%	-8.28%	0.10%	53.51%	37.89%	17.28%	12.82%
ICSH iShares Ultra Short Duration Bond Active ETF	0.02%	0.18%	1.43%	1.75%	4.30%	5.15%	3.67%	2.77%
QUAL iShares MSCI USA Quality Factor ETF	0.32%	1.62%	7.89%	8.26%	19.70%	19.43%	11.82%	14.19%
SPYV SPDR Portfolio S&P 500 Value ETF	-0.23%	0.75%	6.98%	7.88%	20.07%	15.23%	10.75%	11.83%
TBLL Invesco Short Term Treasury ETF	0.02%	0.27%	1.48%	1.74%	3.91%	4.63%	3.36%	—
TLT iShares 20+ Year Treasury Bond ETF	-0.52%	-1.31%	-1.08%	-1.51%	3.67%	-2.05%	-6.70%	-1.85%

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

Monthly Returns

Based on dividend-adjusted daily data since Jan 12, 2017, 40/60 Jul 2026's average daily return is +0.02%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.

Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +6.6%, while the worst month was Mar 2020 at -6.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 3 months.

On a daily basis, 40/60 Jul 2026 closed higher 40% of trading days. The best single day was Mar 24, 2020 with a return of +4.0%, while the worst single day was Mar 12, 2020 at -5.5%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	1.65%	2.84%	-3.29%	2.31%	1.03%	-0.82%							3.64%
2025	2.02%	1.13%	-0.68%	-0.13%	1.35%	2.32%	0.37%	1.83%	2.10%	0.62%	1.27%	-0.15%	12.67%
2024	-0.12%	0.98%	2.30%	-2.13%	2.42%	0.37%	2.46%	2.05%	1.38%	-1.74%	2.48%	-2.81%	7.70%
2023	3.47%	-2.61%	2.73%	0.87%	-1.48%	2.04%	1.64%	-1.41%	-2.80%	-1.30%	5.40%	3.37%	9.95%
2022	-2.56%	-0.93%	0.66%	-4.25%	0.74%	-4.02%	3.87%	-2.71%	-5.21%	3.04%	4.56%	-1.85%	-8.87%
2021	-0.71%	0.10%	1.73%	1.82%	0.84%	0.71%	1.09%	0.65%	-2.28%	2.41%	-1.06%	2.25%	7.71%

Benchmark Metrics

40/60 Jul 2026 has an annualized alpha of 1.82%, beta of 0.37, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since January 12, 2017.

This portfolio participated in 46.48% of S&P 500 Index downside but only 41.07% of its upside - more exposed to losses than it benefited from rallies.
Beta of 0.37 indicates this portfolio moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 1.82%

Beta: 0.37

R²: 0.80

Upside Capture: 41.07%

Downside Capture: 46.48%

Expense Ratio

40/60 Jul 2026 has an expense ratio of 0.10%, 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.

Top 10 holdings

ARKK

ARK Innovation ETF

GDX

VanEck Gold Miners ETF

ANGL

VanEck Vectors Fallen Angel High Yield Bond ETF

FLOT

iShares Floating Rate Bond ETF

QUAL

iShares MSCI USA Quality Factor ETF

TLT

iShares 20+ Year Treasury Bond ETF

ICSH

iShares Ultra Short Duration Bond Active ETF

XLK

State Street Technology Select Sector SPDR ETF

XLV

State Street Health Care Select Sector SPDR ETF

TBLL

Invesco Short Term Treasury ETF

Return for Risk

Risk / Return Rank

40/60 Jul 2026 ranks 59 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

The table below presents risk-adjusted performance metrics for 40/60 Jul 2026 and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.28	1.94	+0.34
Sortino ratioReturn per unit of downside risk	3.27	2.63	+0.65
Omega ratioGain probability vs. loss probability	1.43	1.35	+0.08
Calmar ratioReturn relative to maximum drawdown	2.73	2.59	+0.14
Martin ratioReturn relative to average drawdown	10.51	11.84	-1.33
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.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
AGG iShares Core U.S. Aggregate Bond ETF	40	1.32	1.94	1.23	1.81	5.44
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	56	1.81	2.58	1.35	1.93	8.09
ARKK ARK Innovation ETF	20	0.67	1.13	1.13	0.77	1.71
FLOT iShares Floating Rate Bond ETF	99	6.54	11.79	3.22	11.27	104.83
GDX VanEck Gold Miners ETF	35	1.16	1.58	1.22	1.68	4.32
ICSH iShares Ultra Short Duration Bond Active ETF	99	11.01	27.36	6.56	43.67	288.81
QUAL iShares MSCI USA Quality Factor ETF	54	1.65	2.34	1.29	2.19	9.96
SPYV SPDR Portfolio S&P 500 Value ETF	70	2.04	2.86	1.36	3.24	12.39
TBLL Invesco Short Term Treasury ETF	100	20.94	217.24	102.42	414.75	3,515.41
TLT iShares 20+ Year Treasury Bond ETF	15	0.38	0.62	1.07	0.49	1.19

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.

40/60 Jul 2026 Sharpe ratios as of Jun 9, 2026 (values are recalculated daily):

1-Year: 2.28
5-Year: 0.75
All Time: 0.93

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 1.59 to 2.46, 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 40/60 Jul 2026 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

40/60 Jul 2026 provided a 3.30% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	3.30%	3.31%	3.35%	2.98%	2.24%	1.80%	2.17%	2.69%	2.73%	2.30%	2.43%	2.31%
Portfolio components:
AGG iShares Core U.S. Aggregate Bond ETF	4.00%	3.89%	3.74%	3.13%	2.39%	1.77%	2.14%	2.70%	2.72%	2.32%	2.39%	2.45%
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	6.39%	6.20%	6.29%	5.27%	4.72%	3.90%	4.67%	5.19%	5.99%	5.25%	5.34%	5.81%
ARKK ARK Innovation ETF	0.00%	0.00%	0.00%	0.70%	0.00%	0.55%	1.64%	0.38%	3.14%	1.32%	0.00%	2.27%
FLOT iShares Floating Rate Bond ETF	4.54%	4.84%	5.82%	5.66%	2.06%	0.43%	1.25%	2.78%	2.41%	1.46%	0.97%	0.53%
GDX VanEck Gold Miners ETF	0.80%	0.74%	1.19%	1.61%	1.66%	1.67%	0.53%	0.67%	0.50%	0.76%	0.26%	0.85%
ICSH iShares Ultra Short Duration Bond Active ETF	4.34%	4.55%	5.24%	4.78%	1.66%	0.42%	1.21%	2.61%	2.20%	1.36%	0.88%	0.54%
QUAL iShares MSCI USA Quality Factor ETF	0.88%	0.94%	1.02%	1.23%	1.59%	1.20%	1.39%	1.60%	2.00%	1.76%	1.96%	1.63%
SPYV SPDR Portfolio S&P 500 Value ETF	1.70%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%
TBLL Invesco Short Term Treasury ETF	3.81%	4.08%	4.99%	4.63%	1.37%	0.03%	0.80%	2.08%	1.69%	0.71%	0.00%	0.00%
TLT iShares 20+ Year Treasury Bond ETF	4.63%	4.43%	4.30%	3.38%	2.67%	1.50%	1.50%	2.27%	2.63%	2.43%	2.60%	2.61%

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 40/60 Jul 2026. 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 40/60 Jul 2026 was 17.05%, occurring on Mar 20, 2020. Recovery took 77 trading sessions.

The current 40/60 Jul 2026 drawdown is 0.94%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-17.05%Mar 2020	29d	2mo 17d	3mo 16dFeb 2020 - Jun 2020
Bear market2022	-14.36%Oct 2022	9mo 17d	1y 2mo	1y 12moDec 2021 - Dec 2023
Rate-hike selloffLate 2018	-6.04%Dec 2018	2mo 22d	1mo 13d	4mo 5dOct 2018 - Feb 2019
2025 selloff2025	-5.57%Apr 2025	1mo 16d	1mo 8d	2mo 24dFeb 2025 - May 2025
2018 pullback2018	-4.63%Feb 2018	10d	7mo 14d	7mo 24dJan 2018 - Sep 2018

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 20 assets, with an effective number of assets of 7.76, reflecting the diversification based on asset allocation. Your portfolio is dominated by one or two holdings, which significantly increases concentration risk. Consider rebalancing toward more even weights or adding additional positions.

Diversification Ratio

	1Y	3Y	5Y	All Time
Diversification Ratio	1.64	1.52	1.47	1.46

The portfolio has a diversification ratio of 1.46, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

40/60 Jul 2026 correlation to the S&P 500 Index

40/60 Jul 2026 has a 0.79 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 12, 2017	0.85

Benchmark Correlations

Correlation vs. S&P 500 Index. QUAL has the highest benchmark correlation at 0.97, while TLT has the lowest at -0.08.

-0.08

-0.06

0.00

0.07

0.08

0.17

0.19

0.20

0.37

0.43

0.50

0.65

0.66

0.70

0.73

0.80

0.80

0.86

0.89

0.97

Portfolio Correlations

Correlation vs. 40/60 Jul 2026. QUAL has the highest portfolio correlation at 0.79, while USD=X has the lowest at 0.00.

0.00

0.03

0.19

0.21

0.24

0.39

0.39

0.40

0.45

0.53

0.55

0.57

0.58

0.64

0.65

0.68

0.70

0.74

0.75

0.79

Asset Correlations Table

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

	USD=X	TBLL	FLOT	ICSH	TLT	GDX	AGG	VCSH	XLE	XLU	XLP	ARKK	XLV	XLK	XLF	ANGL	XLI	VEA	SPYV	QUAL
USD=X	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TBLL	0.00	1.00	0.14	0.27	0.11	0.03	0.13	0.16	-0.04	0.03	-0.00	-0.01	-0.02	-0.01	-0.05	0.04	-0.02	-0.02	-0.02	-0.02
FLOT	0.00	0.14	1.00	0.17	0.01	0.06	0.07	0.12	0.11	0.11	0.10	0.13	0.12	0.17	0.16	0.21	0.17	0.17	0.17	0.18
ICSH	0.00	0.27	0.17	1.00	0.22	0.12	0.30	0.32	0.02	0.13	0.09	0.10	0.07	0.07	0.04	0.21	0.07	0.12	0.11	0.10
TLT	0.00	0.11	0.01	0.22	1.00	0.21	0.87	0.60	-0.21	0.18	0.06	0.01	0.01	-0.05	-0.20	0.21	-0.10	-0.03	-0.10	-0.04
GDX	0.00	0.03	0.06	0.12	0.21	1.00	0.29	0.32	0.14	0.21	0.14	0.17	0.16	0.15	0.06	0.21	0.15	0.34	0.16	0.18
AGG	0.00	0.13	0.07	0.30	0.87	0.29	1.00	0.79	-0.12	0.25	0.14	0.11	0.11	0.07	-0.09	0.35	0.03	0.11	0.02	0.09
VCSH	0.00	0.16	0.12	0.32	0.60	0.32	0.79	1.00	-0.05	0.25	0.18	0.16	0.16	0.13	-0.01	0.42	0.10	0.21	0.10	0.17
XLE	0.00	-0.04	0.11	0.02	-0.21	0.14	-0.12	-0.05	1.00	0.17	0.23	0.21	0.26	0.24	0.48	0.30	0.48	0.42	0.55	0.37
XLU	0.00	0.03	0.11	0.13	0.18	0.21	0.25	0.25	0.17	1.00	0.53	0.12	0.38	0.19	0.26	0.29	0.34	0.29	0.40	0.34
XLP	0.00	-0.00	0.10	0.09	0.06	0.14	0.14	0.18	0.23	0.53	1.00	0.17	0.52	0.28	0.40	0.34	0.44	0.41	0.56	0.48
ARKK	0.00	-0.01	0.13	0.10	0.01	0.17	0.11	0.16	0.21	0.12	0.17	1.00	0.40	0.65	0.39	0.50	0.46	0.54	0.47	0.60
XLV	0.00	-0.02	0.12	0.07	0.01	0.16	0.11	0.16	0.26	0.38	0.52	0.40	1.00	0.45	0.48	0.42	0.51	0.53	0.63	0.62
XLK	0.00	-0.01	0.17	0.07	-0.05	0.15	0.07	0.13	0.24	0.19	0.28	0.65	0.45	1.00	0.46	0.52	0.54	0.62	0.57	0.81
XLF	0.00	-0.05	0.16	0.04	-0.20	0.06	-0.09	-0.01	0.48	0.26	0.40	0.39	0.48	0.46	1.00	0.43	0.71	0.60	0.83	0.64
ANGL	0.00	0.04	0.21	0.21	0.21	0.21	0.35	0.42	0.30	0.29	0.34	0.50	0.42	0.52	0.43	1.00	0.50	0.58	0.54	0.60
XLI	0.00	-0.02	0.17	0.07	-0.10	0.15	0.03	0.10	0.48	0.34	0.44	0.46	0.51	0.54	0.71	0.50	1.00	0.66	0.81	0.74
VEA	0.00	-0.02	0.17	0.12	-0.03	0.34	0.11	0.21	0.42	0.29	0.41	0.54	0.53	0.62	0.60	0.58	0.66	1.00	0.71	0.72
SPYV	0.00	-0.02	0.17	0.11	-0.10	0.16	0.02	0.10	0.55	0.40	0.56	0.47	0.63	0.57	0.83	0.54	0.81	0.71	1.00	0.79
QUAL	0.00	-0.02	0.18	0.10	-0.04	0.18	0.09	0.17	0.37	0.34	0.48	0.60	0.62	0.81	0.64	0.60	0.74	0.72	0.79	1.00

The correlation results are calculated based on daily price changes starting from Jan 12, 2017

Diversification Analysis

Find what 40/60 Jul 2026 is missing

See which holdings overlap, where 40/60 Jul 2026 is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification