Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BND Vanguard Total Bond Market ETF | Total Bond Market | 13.33% |
BNDX Vanguard Total International Bond ETF | Global Bonds | 20% |
SCHO Schwab Short-Term U.S. Treasury ETF | Government Bonds, Short-Term Bond | 30% |
SCHP Schwab U.S. TIPS ETF | Inflation-Protected Bonds | 13.33% |
SPHY SPDR Portfolio High Yield Bond ETF | High Yield Bonds | 13.33% |
SPTL SPDR Portfolio Long Term Treasury ETF | Government Bonds, Long-Term Bond | 10% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fixed Income 2024, 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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The earliest data available for this chart is Jun 4, 2013, corresponding to the inception date of BNDX
Returns By Period
As of Apr 3, 2026, the Fixed Income 2024 returned 0.28% Year-To-Date and 2.16% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio Fixed Income 2024 | 0.16% | -0.88% | 0.28% | 0.73% | 3.69% | 3.87% | 0.96% | 2.16% |
| Portfolio components: | ||||||||
SPTL SPDR Portfolio Long Term Treasury ETF | 0.46% | -2.57% | 0.33% | -0.63% | 0.15% | -1.60% | -4.82% | -0.84% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.04% | -0.23% | 0.30% | 1.35% | 3.86% | 3.97% | 1.80% | 1.71% |
SCHP Schwab U.S. TIPS ETF | 0.45% | -0.60% | 0.82% | 0.63% | 3.42% | 3.21% | 1.46% | 2.60% |
BND Vanguard Total Bond Market ETF | 0.22% | -0.98% | 0.31% | 0.85% | 4.27% | 3.53% | 0.30% | 1.70% |
BNDX Vanguard Total International Bond ETF | -0.10% | -1.55% | -0.08% | 0.10% | 2.63% | 3.79% | 0.18% | 1.74% |
SPHY SPDR Portfolio High Yield Bond ETF | 0.22% | -0.22% | 0.15% | 1.27% | 7.25% | 8.56% | 4.41% | 5.33% |
Monthly Returns
Based on dividend-adjusted daily data since Jun 5, 2013, Fixed Income 2024's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, your investment would double in approximately 30.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2023 with a return of +3.5%, while the worst month was Sep 2022 at -3.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.
On a daily basis, Fixed Income 2024 closed higher 54% of trading days. The best single day was Nov 10, 2022 with a return of +1.7%, while the worst single day was Mar 18, 2020 at -2.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.34% | 1.25% | -1.50% | 0.21% | 0.28% | ||||||||
| 2025 | 0.75% | 1.60% | -0.26% | 0.56% | -0.33% | 1.10% | -0.12% | 0.85% | 0.84% | 0.57% | 0.31% | -0.25% | 5.75% |
| 2024 | -0.12% | -0.78% | 0.79% | -1.68% | 1.22% | 0.75% | 1.97% | 1.08% | 1.30% | -1.55% | 1.05% | -1.24% | 2.76% |
| 2023 | 2.61% | -1.75% | 2.47% | 0.30% | -0.85% | 0.06% | 0.03% | -0.28% | -1.88% | -0.83% | 3.46% | 3.10% | 6.44% |
| 2022 | -1.74% | -0.68% | -2.18% | -2.97% | 0.00% | -2.22% | 2.81% | -2.64% | -3.72% | 0.00% | 2.50% | -1.22% | -11.60% |
| 2021 | -0.53% | -1.27% | -0.56% | 0.63% | 0.20% | 0.83% | 1.28% | -0.09% | -0.79% | 0.17% | 0.42% | -0.10% | 0.18% |
Benchmark Metrics
Fixed Income 2024 has an annualized alpha of 2.08%, beta of 0.02, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since June 05, 2013.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (12.21%) than losses (11.66%) — typical of diversified or defensive assets.
- Beta of 0.02 may look defensive, but with R² of 0.01 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.01 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.08%
- Beta
- 0.02
- R²
- 0.01
- Upside Capture
- 12.21%
- Downside Capture
- 11.66%
Expense Ratio
Fixed Income 2024 has an expense ratio of 0.05%, 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.
Return for Risk
Risk / Return Rank
Fixed Income 2024 ranks 35 for risk / return — below 35% 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.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.88 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.37 | +0.28 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.39 | +0.28 |
Martin ratioReturn relative to average drawdown | 5.94 | 6.43 | -0.50 |
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 | |
|---|---|---|---|---|---|---|
SPTL SPDR Portfolio Long Term Treasury ETF | 11 | 0.01 | 0.09 | 1.01 | 0.01 | 0.03 |
SCHO Schwab Short-Term U.S. Treasury ETF | 96 | 2.56 | 4.13 | 1.53 | 4.35 | 16.94 |
SCHP Schwab U.S. TIPS ETF | 36 | 0.84 | 1.17 | 1.15 | 1.19 | 3.52 |
BND Vanguard Total Bond Market ETF | 48 | 1.00 | 1.42 | 1.18 | 1.71 | 4.64 |
BNDX Vanguard Total International Bond ETF | 34 | 0.82 | 1.15 | 1.15 | 0.89 | 3.55 |
SPHY SPDR Portfolio High Yield Bond ETF | 72 | 1.33 | 1.96 | 1.31 | 1.82 | 9.48 |
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Dividends
Dividend yield
Fixed Income 2024 provided a 4.50% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 4.50% | 4.55% | 4.45% | 4.12% | 3.15% | 2.59% | 1.99% | 3.00% | 2.57% | 2.21% | 1.97% | 1.74% |
| Portfolio components: | ||||||||||||
SPTL SPDR Portfolio Long Term Treasury ETF | 4.15% | 4.12% | 4.03% | 3.24% | 2.75% | 1.68% | 1.71% | 2.45% | 2.69% | 2.53% | 2.56% | 2.60% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.97% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
SCHP Schwab U.S. TIPS ETF | 3.70% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
BND Vanguard Total Bond Market ETF | 3.92% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
BNDX Vanguard Total International Bond ETF | 4.47% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.36% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
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 Fixed Income 2024. 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 Fixed Income 2024 was 14.35%, occurring on Oct 20, 2022. Recovery took 704 trading sessions.
The current Fixed Income 2024 drawdown is 1.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.35% | Nov 10, 2021 | 238 | Oct 20, 2022 | 704 | Aug 13, 2025 | 942 |
| -6.9% | Mar 9, 2020 | 8 | Mar 18, 2020 | 64 | Jun 18, 2020 | 72 |
| -3.71% | Sep 8, 2016 | 69 | Dec 14, 2016 | 179 | Aug 31, 2017 | 248 |
| -3.39% | Feb 2, 2015 | 90 | Jun 10, 2015 | 195 | Mar 18, 2016 | 285 |
| -3.1% | Jun 6, 2013 | 64 | Sep 5, 2013 | 103 | Feb 3, 2014 | 167 |
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 6 assets, with an effective number of assets of 5.17, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.
Asset Correlations Table
| Benchmark | SPHY | SCHO | BNDX | SCHP | SPTL | BND | Portfolio | |
|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.48 | -0.12 | 0.01 | -0.01 | -0.16 | -0.02 | 0.02 |
| SPHY | 0.48 | 1.00 | 0.13 | 0.21 | 0.21 | 0.14 | 0.26 | 0.42 |
| SCHO | -0.12 | 0.13 | 1.00 | 0.54 | 0.60 | 0.59 | 0.71 | 0.68 |
| BNDX | 0.01 | 0.21 | 0.54 | 1.00 | 0.58 | 0.69 | 0.72 | 0.79 |
| SCHP | -0.01 | 0.21 | 0.60 | 0.58 | 1.00 | 0.75 | 0.80 | 0.83 |
| SPTL | -0.16 | 0.14 | 0.59 | 0.69 | 0.75 | 1.00 | 0.90 | 0.89 |
| BND | -0.02 | 0.26 | 0.71 | 0.72 | 0.80 | 0.90 | 1.00 | 0.94 |
| Portfolio | 0.02 | 0.42 | 0.68 | 0.79 | 0.83 | 0.89 | 0.94 | 1.00 |