Calmd 07 ex from 96+2

Asset Allocation

Position	Category/Sector	Target Weight
AJG Arthur J. Gallagher & Co.	Financial Services	6.67%
AZO AutoZone, Inc.	Consumer Cyclical	6.67%
BMI Badger Meter, Inc.	Industrials	6.67%
CASY Casey's General Stores, Inc.	Consumer Defensive	6.67%
COKE Coca-Cola Consolidated, Inc.	Consumer Defensive	6.67%
COST Costco Wholesale Corporation	Consumer Defensive	6.67%
FCNCA First Citizens BancShares, Inc.	Financial Services	6.67%
LLY Eli Lilly and Company	Healthcare	6.67%
MLI Mueller Industries, Inc.	Industrials	6.67%
NBN Northeast Bank	Financial Services	6.67%
ORLY O'Reilly Automotive, Inc.	Consumer Cyclical	6.67%
RHM.DE Rheinmetall AG	Industrials	6.67%
TJX The TJX Companies, Inc.	Consumer Cyclical	6.67%
TPL Texas Pacific Land Corporation	Energy	6.67%
WMT Walmart Inc.	Consumer Defensive	6.67%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Calmd 07 ex from 96+2, 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.

Loading graphics...

The earliest data available for this chart is Feb 1, 1994, corresponding to the inception date of RHM.DE

Returns By Period

As of Apr 11, 2026, the Calmd 07 ex from 96+2 returned 8.57% Year-To-Date and 29.38% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	-0.11%	2.16%	-0.42%	4.03%	27.10%	18.38%	10.55%	12.70%
Portfolio Calmd 07 ex from 96+2	-1.42%	0.60%	8.57%	13.57%	22.88%	39.46%	34.11%	29.38%
Portfolio components:
COKE Coca-Cola Consolidated, Inc.	-2.69%	-2.99%	32.92%	64.01%	46.93%	58.06%	47.66%	29.56%
TPL Texas Pacific Land Corporation	8.47%	-22.50%	42.90%	38.72%	0.11%	28.36%	19.65%	39.10%
NBN Northeast Bank	-0.50%	13.88%	19.22%	35.54%	49.68%	51.75%	35.49%	28.28%
FCNCA First Citizens BancShares, Inc.	-0.43%	9.15%	-7.19%	17.18%	20.55%	26.96%	18.87%	23.83%
ORLY O'Reilly Automotive, Inc.	-1.47%	0.03%	1.97%	-8.95%	0.39%	17.00%	21.98%	17.90%
WMT Walmart Inc.	-1.83%	1.36%	14.02%	24.99%	37.82%	37.91%	23.78%	20.76%
TJX The TJX Companies, Inc.	-2.06%	3.73%	5.50%	15.77%	27.64%	29.03%	20.15%	17.20%
BMI Badger Meter, Inc.	-0.12%	7.57%	-10.77%	-9.79%	-14.68%	9.54%	11.08%	18.10%
AJG Arthur J. Gallagher & Co.	-2.22%	4.57%	-17.23%	-28.82%	-35.43%	3.73%	11.16%	19.04%
CASY Casey's General Stores, Inc.	-2.71%	9.55%	33.68%	32.87%	62.12%	49.85%	28.20%	22.30%

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

Monthly Returns

Based on dividend-adjusted daily data since Mar 20, 2007, Calmd 07 ex from 96+2's average daily return is +0.08%, while the average monthly return is +1.76%. At this rate, an investment would double in approximately 3.3 years.

Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +14.6%, while the worst month was Mar 2020 at -14.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Calmd 07 ex from 96+2 closed higher 56% of trading days. The best single day was Oct 13, 2008 with a return of +8.8%, while the worst single day was Mar 16, 2020 at -10.7%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	5.29%	5.67%	-4.37%	2.04%									8.57%
2025	7.58%	5.80%	-0.12%	2.90%	0.80%	0.41%	-1.55%	3.48%	2.60%	-3.79%	6.05%	0.24%	26.58%
2024	2.55%	8.43%	5.09%	-1.51%	5.97%	5.26%	8.13%	4.38%	-0.37%	1.69%	12.43%	-7.02%	53.47%
2023	3.01%	-0.95%	2.91%	4.38%	0.69%	7.23%	3.35%	3.29%	-1.91%	1.54%	4.72%	3.95%	36.96%
2022	-5.91%	3.01%	7.46%	-2.44%	2.21%	-1.26%	8.43%	-1.48%	-3.27%	13.57%	6.32%	-5.14%	21.38%
2021	1.56%	6.43%	7.97%	4.45%	2.95%	0.84%	1.89%	2.91%	-3.21%	5.20%	2.79%	7.07%	48.68%

Benchmark Metrics

Calmd 07 ex from 96+2 has an annualized alpha of 14.40%, beta of 0.77, and R² of 0.73 versus S&P 500 Index. Calculated based on daily prices since March 20, 2007.

This portfolio captured 107.51% of S&P 500 Index gains but only 48.12% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 14.40% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 14.40%

Beta: 0.77

R²: 0.73

Upside Capture: 107.51%

Downside Capture: 48.12%

Expense Ratio

Calmd 07 ex from 96+2 has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

Calmd 07 ex from 96+2 ranks 22 for risk / return — below 22% 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

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	1.88	2.23	-0.35
Sortino ratio Return per unit of downside risk	2.78	3.12	-0.34
Omega ratio Gain probability vs. loss probability	1.33	1.42	-0.08
Calmar ratio Return relative to maximum drawdown	2.94	4.05	-1.11
Martin ratio Return relative to average drawdown	8.64	17.91	-9.27
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
COKE Coca-Cola Consolidated, Inc.	67	1.54	1.99	1.28	2.32	4.31
TPL Texas Pacific Land Corporation	34	0.09	0.46	1.06	0.25	0.38
NBN Northeast Bank	65	1.44	2.02	1.26	1.74	4.29
FCNCA First Citizens BancShares, Inc.	51	0.78	1.15	1.16	1.16	2.64
ORLY O'Reilly Automotive, Inc.	33	0.08	0.26	1.03	0.32	0.68
WMT Walmart Inc.	81	1.88	2.75	1.34	5.16	14.19
TJX The TJX Companies, Inc.	75	1.65	2.36	1.28	3.58	9.56
BMI Badger Meter, Inc.	21	-0.38	-0.28	0.96	-0.19	-0.30
AJG Arthur J. Gallagher & Co.	5	-1.24	-1.68	0.78	-0.75	-1.35
CASY Casey's General Stores, Inc.	92	2.75	4.02	1.49	8.24	24.91

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.

Calmd 07 ex from 96+2 Sharpe ratios as of Apr 11, 2026 (values are recalculated daily):

1-Year: 1.88
5-Year: 2.16
10-Year: 1.67
All Time: 1.22

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 2.14 to 3.05, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of Calmd 07 ex from 96+2 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading graphics...

Dividends

Dividend yield

Calmd 07 ex from 96+2 provided a 0.56% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.56%	0.57%	0.70%	0.88%	0.85%	0.79%	1.31%	0.93%	1.12%	1.83%	1.13%	1.31%
Portfolio components:
COKE Coca-Cola Consolidated, Inc.	0.49%	0.65%	1.59%	0.54%	0.20%	0.16%	0.38%	0.35%	0.56%	0.46%	0.56%	0.55%
TPL Texas Pacific Land Corporation	0.54%	0.74%	1.37%	0.83%	1.37%	0.88%	2.20%	0.22%	0.55%	0.30%	0.10%	0.22%
NBN Northeast Bank	0.03%	0.04%	0.04%	0.07%	0.10%	0.11%	0.18%	0.18%	0.24%	0.17%	0.31%	0.38%
FCNCA First Citizens BancShares, Inc.	0.41%	0.37%	0.33%	0.27%	0.28%	0.23%	0.29%	0.30%	0.38%	0.31%	0.34%	0.46%
ORLY O'Reilly Automotive, 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%
WMT Walmart Inc.	0.75%	0.84%	0.92%	1.45%	1.58%	1.52%	1.50%	1.78%	2.23%	2.07%	2.89%	3.20%
TJX The TJX Companies, Inc.	1.05%	1.07%	1.21%	1.38%	1.44%	1.37%	0.34%	1.45%	1.66%	1.57%	1.32%	1.14%
BMI Badger Meter, Inc.	0.99%	0.85%	0.58%	0.64%	0.78%	0.71%	0.74%	0.99%	1.14%	1.03%	1.16%	1.33%
AJG Arthur J. Gallagher & Co.	1.24%	1.00%	0.85%	0.98%	1.08%	1.13%	1.46%	1.81%	2.23%	2.47%	2.93%	3.62%
CASY Casey's General Stores, Inc.	0.30%	0.39%	0.47%	0.59%	0.65%	0.69%	0.72%	0.77%	0.86%	0.89%	0.77%	0.70%

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.

Loading graphics...

Worst Drawdowns

The table below displays the maximum drawdowns of the Calmd 07 ex from 96+2. 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 Calmd 07 ex from 96+2 was 35.14%, occurring on Mar 9, 2009. Recovery took 206 trading sessions.

The current Calmd 07 ex from 96+2 drawdown is 2.80%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-35.14%	Oct 15, 2007	361	Mar 9, 2009	206	Dec 23, 2009	567
-33.79%	Feb 21, 2020	22	Mar 23, 2020	99	Aug 10, 2020	121
-14.65%	Sep 24, 2018	66	Dec 24, 2018	28	Feb 4, 2019	94
-14.2%	Jul 8, 2011	22	Aug 8, 2011	110	Jan 10, 2012	132
-12.06%	Apr 21, 2022	22	May 20, 2022	49	Jul 28, 2022	71

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading graphics...

Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 15 assets, with an effective number of assets of 15.00, 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	NBN	TPL	RHM.DE	LLY	COKE	WMT	AZO	FCNCA	CASY	ORLY	AJG	COST	BMI	TJX	MLI	Portfolio
Benchmark	1.00	0.19	0.30	0.34	0.48	0.40	0.43	0.42	0.54	0.46	0.47	0.57	0.55	0.59	0.56	0.65	0.77
NBN	0.19	1.00	0.12	0.11	0.05	0.10	0.08	0.10	0.23	0.11	0.10	0.11	0.09	0.17	0.12	0.22	0.33
TPL	0.30	0.12	1.00	0.17	0.11	0.14	0.11	0.12	0.25	0.16	0.13	0.17	0.14	0.23	0.19	0.29	0.43
RHM.DE	0.34	0.11	0.17	1.00	0.16	0.13	0.12	0.13	0.20	0.18	0.17	0.21	0.15	0.23	0.18	0.28	0.42
LLY	0.48	0.05	0.11	0.16	1.00	0.22	0.30	0.25	0.22	0.27	0.28	0.36	0.33	0.28	0.29	0.28	0.46
COKE	0.40	0.10	0.14	0.13	0.22	1.00	0.26	0.26	0.30	0.30	0.27	0.31	0.31	0.33	0.31	0.37	0.52
WMT	0.43	0.08	0.11	0.12	0.30	0.26	1.00	0.32	0.23	0.35	0.37	0.35	0.57	0.27	0.39	0.26	0.49
AZO	0.42	0.10	0.12	0.13	0.25	0.26	0.32	1.00	0.24	0.34	0.70	0.35	0.39	0.31	0.43	0.31	0.55
FCNCA	0.54	0.23	0.25	0.20	0.22	0.30	0.23	0.24	1.00	0.31	0.28	0.39	0.26	0.40	0.37	0.50	0.59
CASY	0.46	0.11	0.16	0.18	0.27	0.30	0.35	0.34	0.31	1.00	0.39	0.36	0.41	0.37	0.39	0.39	0.58
ORLY	0.47	0.10	0.13	0.17	0.28	0.27	0.37	0.70	0.28	0.39	1.00	0.39	0.43	0.34	0.47	0.35	0.60
AJG	0.57	0.11	0.17	0.21	0.36	0.31	0.35	0.35	0.39	0.36	0.39	1.00	0.38	0.39	0.41	0.41	0.58
COST	0.55	0.09	0.14	0.15	0.33	0.31	0.57	0.39	0.26	0.41	0.43	0.38	1.00	0.36	0.47	0.34	0.58
BMI	0.59	0.17	0.23	0.23	0.28	0.33	0.27	0.31	0.40	0.37	0.34	0.39	0.36	1.00	0.39	0.56	0.65
TJX	0.56	0.12	0.19	0.18	0.29	0.31	0.39	0.43	0.37	0.39	0.47	0.41	0.47	0.39	1.00	0.42	0.62
MLI	0.65	0.22	0.29	0.28	0.28	0.37	0.26	0.31	0.50	0.39	0.35	0.41	0.34	0.56	0.42	1.00	0.70
Portfolio	0.77	0.33	0.43	0.42	0.46	0.52	0.49	0.55	0.59	0.58	0.60	0.58	0.58	0.65	0.62	0.70	1.00

The correlation results are calculated based on daily price changes starting from Mar 20, 2007

Calmd 07 ex from 96+2

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