Barbell 12

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Barbell 12

Currency in USD · Last updated May 22, 2025

Asset Allocation

Position	Category/Sector	Target Weight
BRK-B Berkshire Hathaway Inc.	Financial Services	41%
BSV Vanguard Short-Term Bond ETF	Total Bond Market	10%
COST Costco Wholesale Corporation	Consumer Defensive	7%
MSFT Microsoft Corporation	Technology	10%
NVDA NVIDIA Corporation	Technology	10%
V Visa Inc.	Financial Services	10%
VGT Vanguard Information Technology ETF	Technology Equities	5%
WMT Walmart Inc.	Consumer Defensive	7%

Benchmark

S&P 500

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is Mar 19, 2008, corresponding to the inception date of V

Returns By Period

As of May 22, 2025, the Barbell 12 returned 9.41% Year-To-Date and 22.64% of annualized return in the last 10 years.

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	-0.63%	13.31%	-1.23%	9.83%	14.61%	10.64%
Barbell 12	9.41%	8.99%	7.84%	25.44%	26.60%	22.64%
Portfolio components:
BRK-B Berkshire Hathaway Inc.	11.86%	0.02%	8.15%	22.36%	23.72%	13.37%
NVDA NVIDIA Corporation	-1.85%	36.00%	-9.64%	38.22%	71.08%	74.45%
VGT Vanguard Information Technology ETF	-3.19%	22.25%	-1.66%	11.97%	19.45%	19.64%
WMT Walmart Inc.	7.28%	4.60%	11.43%	49.53%	20.10%	16.55%
COST Costco Wholesale Corporation	12.17%	7.19%	10.74%	28.68%	29.78%	23.87%
BSV Vanguard Short-Term Bond ETF	2.11%	-0.06%	2.62%	5.70%	0.99%	1.73%
V Visa Inc.	13.75%	12.12%	16.95%	30.79%	14.23%	18.63%
MSFT Microsoft Corporation	7.78%	26.25%	9.56%	6.29%	20.82%	27.25%

*Annualized

Monthly Returns

The table below presents the monthly returns of Barbell 12, 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	2.12%	5.15%	-2.32%	1.77%	2.50%								9.41%
2024	7.45%	7.92%	3.31%	-4.41%	7.48%	2.20%	2.11%	5.92%	-0.62%	-0.06%	6.76%	-3.35%	39.41%
2023	6.68%	0.67%	6.22%	3.88%	3.13%	6.04%	2.84%	1.63%	-3.71%	-0.82%	6.94%	1.79%	40.82%
2022	-1.57%	0.04%	7.32%	-9.09%	-3.15%	-9.26%	10.10%	-6.39%	-7.63%	8.53%	8.82%	-5.75%	-10.53%
2021	-2.17%	2.93%	3.28%	7.01%	2.90%	2.74%	1.74%	3.35%	-4.41%	7.30%	1.52%	3.45%	33.28%
2020	1.35%	-4.40%	-6.03%	6.26%	3.87%	0.41%	6.50%	11.19%	-2.10%	-4.37%	10.32%	0.89%	24.52%
2019	2.59%	2.49%	3.82%	5.72%	-7.38%	8.53%	-0.32%	0.68%	1.00%	3.55%	3.73%	2.82%	29.87%
2018	9.23%	-2.92%	-2.87%	-0.35%	1.77%	-0.92%	4.64%	6.63%	1.41%	-5.90%	1.30%	-7.01%	3.80%
2017	1.69%	3.06%	-0.21%	0.75%	5.48%	-0.53%	4.32%	2.67%	1.52%	5.07%	3.24%	1.23%	32.01%
2016	-2.36%	1.07%	6.18%	-0.66%	3.36%	0.91%	4.42%	2.98%	-0.13%	0.24%	6.43%	4.48%	29.96%
2015	-3.79%	4.77%	-2.39%	1.11%	0.41%	-4.61%	4.48%	-3.61%	0.10%	6.69%	1.80%	0.10%	4.43%
2014	-3.63%	4.57%	2.98%	1.35%	0.99%	-0.87%	-0.54%	6.35%	0.26%	3.21%	6.05%	-0.35%	21.78%

Expense Ratio

Barbell 12 has an expense ratio of 0.01%, 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.

VGT

Vanguard Information Technology ETF

BSV

Vanguard Short-Term Bond ETF

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 93, Barbell 12 is among the top 7% 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
BRK-B Berkshire Hathaway Inc.	1.14	1.57	1.22	2.45	6.01
NVDA NVIDIA Corporation	0.64	1.30	1.17	1.15	2.83
VGT Vanguard Information Technology ETF	0.40	0.82	1.11	0.50	1.61
WMT Walmart Inc.	2.08	2.85	1.39	2.31	7.59
COST Costco Wholesale Corporation	1.32	1.86	1.25	1.71	4.94
BSV Vanguard Short-Term Bond ETF	2.47	3.89	1.49	2.57	9.19
V Visa Inc.	1.41	1.80	1.27	1.92	6.75
MSFT Microsoft Corporation	0.25	0.66	1.09	0.36	0.80

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.

Barbell 12 Sharpe ratios as of May 22, 2025 (values are recalculated daily):

1-Year: 1.55
5-Year: 1.63
10-Year: 1.30
All Time: 0.97

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 0.45 to 0.97, 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 Barbell 12 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend yield

Barbell 12 provided a 0.62% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	0.62%	0.61%	0.73%	0.55%	0.45%	0.72%	0.67%	0.78%	0.97%	0.85%	1.13%	0.91%
Portfolio components:
BRK-B Berkshire Hathaway 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%
NVDA NVIDIA Corporation	0.03%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%	1.70%
VGT Vanguard Information Technology ETF	0.53%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%	1.12%
WMT Walmart Inc.	0.92%	0.92%	1.45%	1.58%	1.52%	1.50%	1.78%	2.23%	2.07%	2.89%	3.20%	2.24%
COST Costco Wholesale Corporation	0.47%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%	0.97%
BSV Vanguard Short-Term Bond ETF	3.56%	3.38%	2.46%	1.50%	1.36%	1.79%	2.29%	1.99%	1.65%	1.49%	1.40%	1.45%
V Visa Inc.	0.64%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%	0.64%
MSFT Microsoft Corporation	0.72%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%	2.48%

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 Barbell 12. 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 Barbell 12 was 41.68%, occurring on Mar 9, 2009. Recovery took 256 trading sessions.

The current Barbell 12 drawdown is 1.46%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-41.68%	Jun 2, 2008	194	Mar 9, 2009	256	Mar 15, 2010	450
-25.86%	Mar 30, 2022	136	Oct 12, 2022	149	May 17, 2023	285
-24.67%	Feb 20, 2020	23	Mar 23, 2020	92	Aug 3, 2020	115
-18.37%	Feb 22, 2011	117	Aug 8, 2011	127	Feb 8, 2012	244
-17.97%	Sep 21, 2018	65	Dec 24, 2018	81	Apr 23, 2019	146

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 8 assets, with an effective number of assets of 4.54, 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.

	^GSPC	BSV	WMT	COST	NVDA	V	BRK-B	MSFT	VGT	Portfolio
^GSPC	1.00	-0.13	0.44	0.57	0.60	0.65	0.68	0.71	0.89	0.87
BSV	-0.13	1.00	-0.03	-0.04	-0.10	-0.11	-0.14	-0.09	-0.12	-0.13
WMT	0.44	-0.03	1.00	0.56	0.21	0.30	0.36	0.33	0.34	0.47
COST	0.57	-0.04	0.56	1.00	0.36	0.40	0.41	0.45	0.51	0.59
NVDA	0.60	-0.10	0.21	0.36	1.00	0.41	0.33	0.54	0.72	0.69
V	0.65	-0.11	0.30	0.40	0.41	1.00	0.50	0.49	0.62	0.68
BRK-B	0.68	-0.14	0.36	0.41	0.33	0.50	1.00	0.41	0.53	0.80
MSFT	0.71	-0.09	0.33	0.45	0.54	0.49	0.41	1.00	0.78	0.70
VGT	0.89	-0.12	0.34	0.51	0.72	0.62	0.53	0.78	1.00	0.83
Portfolio	0.87	-0.13	0.47	0.59	0.69	0.68	0.80	0.70	0.83	1.00

The correlation results are calculated based on daily price changes starting from Mar 20, 2008

Performance Analysis

Risk Analysis

Optimization

Factor Model

Barbell 12

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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