. a APR 2025 ETV

Asset Allocation

Position	Category/Sector	Target Weight
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund	Financial Services	78%
BRK-B Berkshire Hathaway Inc.	Financial Services	12%
SCHD Schwab U.S. Dividend Equity ETF	Dividend	5%
VIG Vanguard Dividend Appreciation ETF	Dividend	5%

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 . a APR 2025 ETV, 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

As of Jun 9, 2026, the . a APR 2025 ETV returned 5.60% Year-To-Date and 10.26% of annualized return in the last 10 years.

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 . a APR 2025 ETV	-0.19%	1.17%	5.60%	6.39%	16.75%	15.22%	8.03%	10.26%
Portfolio components:
BRK-B Berkshire Hathaway Inc.	-0.23%	2.32%	-3.11%	-2.06%	-1.32%	13.25%	11.03%	13.14%
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund	-0.20%	0.89%	5.95%	6.77%	18.79%	15.14%	6.96%	9.16%
SCHD Schwab U.S. Dividend Equity ETF	-0.03%	2.12%	18.71%	19.28%	26.37%	14.73%	8.49%	12.65%
VIG Vanguard Dividend Appreciation ETF	0.03%	2.32%	6.58%	6.47%	18.31%	16.04%	10.62%	13.05%

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 20, 2011, . a APR 2025 ETV's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.

Historically, 69% of months were positive and 31% were negative. The best month was Jul 2022 with a return of +11.5%, while the worst month was Mar 2020 at -10.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, . a APR 2025 ETV closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +14.1%, while the worst single day was Mar 12, 2020 at -14.7%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.12%	1.43%	-5.56%	6.37%	2.34%	-0.85%							5.60%
2025	1.32%	0.61%	-4.62%	-1.14%	3.89%	1.99%	-0.20%	2.85%	2.07%	1.58%	1.41%	-0.54%	9.34%
2024	2.21%	5.01%	1.08%	-2.08%	3.69%	4.25%	1.25%	2.40%	1.25%	0.06%	5.72%	-0.87%	26.43%
2023	5.95%	-0.43%	-1.38%	-0.30%	-0.86%	5.54%	4.17%	-2.46%	-4.76%	-4.48%	10.30%	0.05%	10.71%
2022	-4.92%	0.06%	3.16%	-6.35%	-0.55%	-6.15%	11.46%	-2.07%	-9.49%	9.60%	-2.52%	-6.59%	-15.43%
2021	-2.34%	2.47%	4.56%	3.94%	2.26%	0.89%	1.65%	1.37%	-3.05%	4.50%	-1.88%	4.89%	20.55%

Benchmark Metrics

. a APR 2025 ETV has an annualized alpha of 1.47%, beta of 0.82, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since October 20, 2011.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (83.50%) than losses (83.34%) - typical of diversified or defensive assets.

Alpha: 1.47%

Beta: 0.82

R²: 0.71

Upside Capture: 83.50%

Downside Capture: 83.34%

Expense Ratio

. a APR 2025 ETV has an expense ratio of 0.00%, 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.

SCHD

Schwab U.S. Dividend Equity ETF

VIG

Vanguard Dividend Appreciation ETF

Return for Risk

Risk / Return Rank

. a APR 2025 ETV ranks 27 for risk / return — below 27% of Portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

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 . a APR 2025 ETV and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	1.63	1.94	-0.31
Sortino ratioReturn per unit of downside risk	2.33	2.63	-0.30
Omega ratioGain probability vs. loss probability	1.30	1.35	-0.05
Calmar ratioReturn relative to maximum drawdown	1.83	2.59	-0.75
Martin ratioReturn relative to average drawdown	9.22	11.84	-2.62
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
BRK-B Berkshire Hathaway Inc.	35	-0.09	-0.03	1.00	-0.14	-0.30
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund	80	1.54	2.20	1.28	1.83	9.34
SCHD Schwab U.S. Dividend Equity ETF	85	2.43	3.75	1.43	5.74	14.06
VIG Vanguard Dividend Appreciation ETF	58	1.82	2.65	1.33	2.33	9.37

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.

. a APR 2025 ETV Sharpe ratios as of Jun 9, 2026 (values are recalculated daily):

1-Year: 1.63
5-Year: 0.53
10-Year: 0.58
All Time: 0.74

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 . a APR 2025 ETV 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

. a APR 2025 ETV provided a 6.56% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	6.56%	6.74%	6.65%	7.47%	8.51%	6.41%	7.00%	7.17%	7.95%	6.97%	7.24%	7.04%
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%
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund	8.11%	8.30%	8.18%	9.24%	10.57%	7.94%	8.66%	8.89%	9.86%	8.65%	8.96%	8.69%
SCHD Schwab U.S. Dividend Equity ETF	3.27%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
VIG Vanguard Dividend Appreciation ETF	1.48%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

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 . a APR 2025 ETV. 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 . a APR 2025 ETV was 39.83%, occurring on Mar 23, 2020. Recovery took 110 trading sessions.

The current . a APR 2025 ETV drawdown is 1.15%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-39.83%Mar 2020	2mo 2d	5mo 7d	7mo 9dJan 2020 - Aug 2020
Rate-hike selloffLate 2018	-20.04%Dec 2018	3mo 4d	3mo 23d	6mo 27dSep 2018 - Apr 2019
Bear market2022	-18.11%Dec 2022	11mo 28d	1y 1mo	2y 1moJan 2022 - Feb 2024
2025 selloff2025	-16.87%Apr 2025	1mo 17d	4mo 7d	5mo 24dFeb 2025 - Aug 2025
2016 correction2016	-12.11%Jan 2016	21d	2mo 10d	3mo 1dDec 2015 - Mar 2016

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 4 assets, with an effective number of assets of 1.59, 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	10Y	All Time
Diversification Ratio	1.20	1.11	1.09	1.07	1.07

The portfolio has a diversification ratio of 1.07, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

. a APR 2025 ETV correlation to the S&P 500 Index

. a APR 2025 ETV has a 0.76 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.78

Benchmark Correlations

Correlation vs. S&P 500 Index. VIG has the highest benchmark correlation at 0.92, while BRK-B has the lowest at 0.67.

0.67

0.70

0.82

0.92

Portfolio Correlations

Correlation vs. . a APR 2025 ETV. ETV has the highest portfolio correlation at 0.98, while BRK-B has the lowest at 0.61.

0.61

0.67

0.74

0.98

Asset Correlations Table

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

	BRK-B	ETV	SCHD	VIG
BRK-B	1.00	0.45	0.72	0.70
ETV	0.45	1.00	0.55	0.63
SCHD	0.72	0.55	1.00	0.89
VIG	0.70	0.63	0.89	1.00

The correlation results are calculated based on daily price changes starting from Oct 20, 2011

Diversification Analysis

Find what . a APR 2025 ETV is missing

See which holdings overlap, where . a APR 2025 ETV is concentrated, and which low-correlation assets could fill the gaps.

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