HG (Clone shld-->aapl/MSFT)

Asset Allocation

Position	Category/Sector	Target Weight
AAPL Apple Inc	Technology	10%
CRSP CRISPR Therapeutics AG	Healthcare	4%
GOOG Alphabet Inc	Communication Services	5%
IYG iShares U.S. Financial Services ETF	Financials Equities	5%
IYW iShares U.S. Technology ETF	Technology Equities	5%
MSFT Microsoft Corporation	Technology	10%
SMH VanEck Semiconductor ETF	Semiconductors, Technology Equities	4%
SPY State Street SPDR S&P 500 ETF	S&P 500	15%
URA Global X Uranium ETF	Commodity Producers Equities	10%
USD ProShares Ultra Semiconductors	Leveraged Equities, Semiconductors	2%
VTI Vanguard Total Stock Market ETF	Large Cap Blend Equities	15%
WM Waste Management, Inc.	Industrials	5%
XAR SPDR S&P Aerospace & Defense ETF	Industrials Equities, Aerospace & Defense	10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in HG (Clone shld-->aapl/MSFT), 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 Oct 19, 2016, corresponding to the inception date of CRSP

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.08%	-1.83%	-3.34%	-1.46%	30.71%	17.25%	10.06%	12.45%
Portfolio HG (Clone shld-->aapl/MSFT)	-0.25%	-2.77%	-2.13%	-3.30%	52.48%	25.74%	15.51%	—
Portfolio components:
AAPL Apple Inc	-2.07%	-1.54%	-6.67%	-0.97%	40.31%	16.02%	14.83%	26.27%
IYG iShares U.S. Financial Services ETF	0.10%	-0.20%	-8.83%	-5.27%	22.47%	20.89%	9.07%	14.09%
IYW iShares U.S. Technology ETF	0.41%	-0.51%	-6.16%	-5.24%	50.00%	27.04%	15.32%	22.17%
MSFT Microsoft Corporation	-0.16%	-8.97%	-22.84%	-28.65%	4.83%	9.33%	8.91%	22.76%
SPY State Street SPDR S&P 500 ETF	0.04%	-1.69%	-3.06%	-0.92%	32.20%	18.74%	11.56%	14.26%
VTI Vanguard Total Stock Market ETF	0.07%	-1.50%	-2.63%	-0.68%	32.96%	18.58%	10.40%	13.90%
WM Waste Management, Inc.	-0.21%	-4.80%	6.61%	8.08%	7.38%	14.28%	13.68%	17.12%
URA Global X Uranium ETF	-1.36%	-1.70%	12.22%	-1.90%	144.95%	42.15%	23.44%	16.50%
XAR SPDR S&P Aerospace & Defense ETF	-1.36%	-6.85%	7.85%	5.92%	78.81%	31.98%	15.80%	18.34%
USD ProShares Ultra Semiconductors	2.98%	4.43%	0.13%	3.37%	239.06%	99.93%	44.91%	51.74%

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 20, 2016, HG (Clone shld-->aapl/MSFT)'s average daily return is +0.09%, while the average monthly return is +1.75%. At this rate, your investment would double in approximately 3.3 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +14.2%, while the worst month was Mar 2020 at -13.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, HG (Clone shld-->aapl/MSFT) closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -12.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.93%	-0.39%	-7.06%	1.71%									-2.13%
2025	2.49%	-3.16%	-7.06%	2.03%	9.25%	9.16%	3.82%	1.56%	8.07%	5.43%	-4.03%	0.13%	29.58%
2024	2.14%	5.05%	2.11%	-4.08%	7.60%	3.21%	-0.24%	0.02%	2.22%	-0.13%	6.21%	-2.94%	22.56%
2023	9.58%	-1.98%	5.00%	1.35%	5.36%	5.83%	3.30%	-2.01%	-4.48%	-1.16%	12.84%	4.14%	43.13%
2022	-6.89%	0.18%	3.84%	-10.54%	-1.13%	-8.52%	11.76%	-3.37%	-10.64%	5.32%	5.66%	-7.26%	-21.95%
2021	-0.23%	3.48%	4.02%	5.68%	1.23%	4.18%	0.80%	3.54%	-3.27%	8.15%	-0.24%	2.35%	33.41%

Benchmark Metrics

HG (Clone shld-->aapl/MSFT) has an annualized alpha of 6.67%, beta of 1.13, and R² of 0.91 versus S&P 500 Index. Calculated based on daily prices since October 20, 2016.

This portfolio captured 133.95% of S&P 500 Index gains but only 99.12% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 6.67% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 1.13 and R² of 0.91, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha: 6.67%

Beta: 1.13

R²: 0.91

Upside Capture: 133.95%

Downside Capture: 99.12%

Expense Ratio

HG (Clone shld-->aapl/MSFT) has an expense ratio of 0.20%, 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.

USD

ProShares Ultra Semiconductors

URA

Global X Uranium ETF

IYG

iShares U.S. Financial Services ETF

IYW

iShares U.S. Technology ETF

XAR

SPDR S&P Aerospace & Defense ETF

SMH

VanEck Semiconductor ETF

SPY

State Street SPDR S&P 500 ETF

VTI

Vanguard Total Stock Market ETF

Return for Risk

Risk / Return Rank

HG (Clone shld-->aapl/MSFT) 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

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	2.53	1.87	+0.66
Sortino ratio Return per unit of downside risk	3.71	3.01	+0.71
Omega ratio Gain probability vs. loss probability	1.47	1.41	+0.06
Calmar ratio Return relative to maximum drawdown	3.01	2.49	+0.52
Martin ratio Return relative to average drawdown	10.90	11.08	-0.18
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
AAPL Apple Inc	75	1.39	2.33	1.30	1.83	4.48
IYG iShares U.S. Financial Services ETF	37	1.22	1.83	1.24	0.88	2.75
IYW iShares U.S. Technology ETF	68	2.01	3.00	1.39	2.30	7.60
MSFT Microsoft Corporation	38	0.19	0.45	1.06	0.02	0.04
SPY State Street SPDR S&P 500 ETF	76	1.87	3.02	1.42	2.73	11.91
VTI Vanguard Total Stock Market ETF	77	1.92	3.08	1.42	2.77	12.13
WM Waste Management, Inc.	41	0.41	0.67	1.09	0.00	0.00
URA Global X Uranium ETF	84	3.02	3.41	1.42	4.35	10.27
XAR SPDR S&P Aerospace & Defense ETF	89	2.96	3.88	1.47	3.85	13.52
USD ProShares Ultra Semiconductors	91	3.31	3.45	1.46	6.57	18.45

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.

HG (Clone shld-->aapl/MSFT) Sharpe ratios as of Apr 8, 2026 (values are recalculated daily):

1-Year: 2.53
5-Year: 0.75
All Time: 0.99

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 1.88 to 2.74, 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 HG (Clone shld-->aapl/MSFT) 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

HG (Clone shld-->aapl/MSFT) provided a 1.12% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.12%	1.13%	1.01%	1.42%	1.06%	1.32%	1.06%	1.27%	1.46%	1.40%	2.14%	1.82%
Portfolio components:
AAPL Apple Inc	0.41%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
IYG iShares U.S. Financial Services ETF	1.17%	1.00%	1.16%	1.77%	2.07%	1.25%	1.71%	1.59%	1.81%	1.24%	1.28%	1.33%
IYW iShares U.S. Technology ETF	0.14%	0.14%	0.21%	0.34%	0.50%	0.31%	0.56%	0.72%	0.92%	0.82%	1.14%	1.12%
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%
SPY State Street SPDR S&P 500 ETF	1.12%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%
VTI Vanguard Total Stock Market ETF	1.16%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%
WM Waste Management, Inc.	1.47%	1.50%	1.49%	1.56%	1.66%	1.38%	1.85%	1.80%	2.09%	1.97%	2.31%	2.89%
URA Global X Uranium ETF	4.35%	4.88%	2.86%	6.07%	0.76%	5.84%	1.69%	1.66%	0.44%	2.03%	7.28%	1.96%
XAR SPDR S&P Aerospace & Defense ETF	0.34%	0.40%	0.66%	0.54%	0.50%	0.83%	0.63%	0.75%	1.19%	0.76%	1.09%	2.31%
USD ProShares Ultra Semiconductors	0.46%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

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 HG (Clone shld-->aapl/MSFT). 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 HG (Clone shld-->aapl/MSFT) was 34.41%, occurring on Mar 23, 2020. Recovery took 78 trading sessions.

The current HG (Clone shld-->aapl/MSFT) drawdown is 9.24%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-34.41%	Feb 20, 2020	23	Mar 23, 2020	78	Jul 14, 2020	101
-27.53%	Nov 9, 2021	235	Oct 14, 2022	197	Jul 31, 2023	432
-24.23%	Sep 4, 2018	78	Dec 24, 2018	89	May 3, 2019	167
-22.41%	Jan 24, 2025	52	Apr 8, 2025	41	Jun 6, 2025	93
-14.21%	Jan 29, 2026	42	Mar 30, 2026	—	—	—

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 13 assets, with an effective number of assets of 10.14, 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.

	Benchmark	WM	CRSP	URA	XAR	AAPL	GOOG	IYG	MSFT	USD	SMH	IYW	SPY	VTI	Portfolio
Benchmark	1.00	0.42	0.41	0.51	0.68	0.69	0.70	0.77	0.74	0.76	0.78	0.88	1.00	0.99	0.92
WM	0.42	1.00	0.05	0.16	0.33	0.25	0.20	0.35	0.29	0.17	0.19	0.26	0.42	0.40	0.34
CRSP	0.41	0.05	1.00	0.28	0.37	0.33	0.32	0.31	0.32	0.37	0.39	0.43	0.41	0.45	0.55
URA	0.51	0.16	0.28	1.00	0.47	0.31	0.35	0.41	0.35	0.43	0.44	0.45	0.51	0.52	0.64
XAR	0.68	0.33	0.37	0.47	1.00	0.37	0.39	0.65	0.40	0.49	0.51	0.53	0.68	0.71	0.69
AAPL	0.69	0.25	0.33	0.31	0.37	1.00	0.59	0.44	0.62	0.58	0.59	0.76	0.69	0.67	0.71
GOOG	0.70	0.20	0.32	0.35	0.39	0.59	1.00	0.46	0.67	0.58	0.59	0.75	0.69	0.68	0.70
IYG	0.77	0.35	0.31	0.41	0.65	0.44	0.46	1.00	0.45	0.51	0.54	0.56	0.77	0.79	0.68
MSFT	0.74	0.29	0.32	0.35	0.40	0.62	0.67	0.45	1.00	0.65	0.64	0.83	0.74	0.71	0.76
USD	0.76	0.17	0.37	0.43	0.49	0.58	0.58	0.51	0.65	1.00	0.97	0.87	0.76	0.76	0.79
SMH	0.78	0.19	0.39	0.44	0.51	0.59	0.59	0.54	0.64	0.97	1.00	0.87	0.77	0.78	0.80
IYW	0.88	0.26	0.43	0.45	0.53	0.76	0.75	0.56	0.83	0.87	0.87	1.00	0.88	0.87	0.91
SPY	1.00	0.42	0.41	0.51	0.68	0.69	0.69	0.77	0.74	0.76	0.77	0.88	1.00	0.99	0.92
VTI	0.99	0.40	0.45	0.52	0.71	0.67	0.68	0.79	0.71	0.76	0.78	0.87	0.99	1.00	0.93
Portfolio	0.92	0.34	0.55	0.64	0.69	0.71	0.70	0.68	0.76	0.79	0.80	0.91	0.92	0.93	1.00

The correlation results are calculated based on daily price changes starting from Oct 20, 2016

HG (Clone shld-->aapl/MSFT)

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