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Roth/HSA Correlations
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

Roth/HSA Correlations

Currency in USD · Last updated Jun 1, 2025

Asset Allocation

PFIX 5.56%IAUM 5.56%BITB 5.56%SHLD 5.56%GFI 5.56%SBS 5.56%OHI 5.56%BMY 5.56%TIMB 5.56%ERIC 5.56%NGD 5.56%RING 5.56%EWP 5.56%EWO 5.56%AVDV 5.56%EZU 5.56%FEZ 5.56%PFE 5.56%AlternativesAlternativesCommodityCommodityCryptocurrencyCryptocurrencyEquityEquity
PositionCategory/SectorTarget Weight
AVDV
Avantis International Small Cap Value ETF		Foreign Small & Mid Cap Equities, Actively Managed
5.56%
BITB
Bitwise Bitcoin ETF		Blockchain
5.56%
BMY
Bristol-Myers Squibb Company		Healthcare
5.56%
ERIC
Telefonaktiebolaget LM Ericsson (publ)		Technology
5.56%
EWO
iShares MSCI Austria ETF		Europe Equities
5.56%
EWP
iShares MSCI Spain ETF		Europe Equities
5.56%
EZU
iShares MSCI Eurozone ETF		Europe Equities
5.56%
FEZ
SPDR EURO STOXX 50 ETF		Europe Equities
5.56%
GFI
Gold Fields Limited		Basic Materials
5.56%
IAUM
iShares Gold Trust Micro ETF of Benef Interest		Precious Metals, Gold
5.56%
NGD
New Gold Inc.		Basic Materials
5.56%
OHI
Omega Healthcare Investors, Inc.		Real Estate
5.56%
PFE
Pfizer Inc.		Healthcare
5.56%
PFIX
Simplify Interest Rate Hedge ETF		Hedge Fund, Actively Managed
5.56%
RING
iShares MSCI Global Gold Miners ETF		Materials
5.56%
SBS
Companhia de Saneamento Básico do Estado de São Paulo - SABESP		Utilities
5.56%
SHLD
Global X Defense Tech ETF		Technology Equities
5.56%
TIMB
TIM S.A.		Communication Services
5.56%

S&P 500

Performance

Performance Chart

Loading data...

The earliest data available for this chart is Jan 11, 2024, corresponding to the inception date of BITB

Returns By Period

YTD1M6M1Y5Y*10Y*
^GSPC
S&P 500		0.51%3.96%-2.00%12.02%14.19%10.85%
Roth/HSA Correlations29.78%4.84%26.48%39.17%N/AN/A
Portfolio components:
IAUM
iShares Gold Trust Micro ETF of Benef Interest		25.49%1.83%23.69%41.37%N/AN/A
SHLD
Global X Defense Tech ETF		52.47%6.96%45.60%68.24%N/AN/A
GFI
Gold Fields Limited		77.54%8.49%61.74%50.62%28.47%23.34%
SBS
Companhia de Saneamento Básico do Estado de São Paulo - SABESP		48.04%3.11%39.02%49.92%17.95%16.25%
OHI
Omega Healthcare Investors, Inc.		1.35%1.79%-5.54%22.76%12.47%8.56%
BMY
Bristol-Myers Squibb Company		-12.76%-4.53%-16.68%23.27%-0.59%0.11%
TIMB
TIM S.A.		52.77%3.25%41.98%21.98%N/AN/A
ERIC
Telefonaktiebolaget LM Ericsson (publ)		6.67%1.44%5.62%42.56%1.86%-0.21%
NGD
New Gold Inc.		79.44%15.89%61.82%103.20%29.75%3.16%
RING
iShares MSCI Global Gold Miners ETF		50.52%7.58%38.41%50.93%10.65%11.72%
EWP
iShares MSCI Spain ETF		39.42%5.97%35.65%34.06%18.47%5.52%
EWO
iShares MSCI Austria ETF		38.40%8.69%41.30%32.54%19.47%9.06%
PFIX
Simplify Interest Rate Hedge ETF		11.95%4.41%28.95%21.64%N/AN/A
AVDV
Avantis International Small Cap Value ETF		18.90%6.15%17.32%18.27%15.48%N/A
EZU
iShares MSCI Eurozone ETF		24.98%3.87%24.09%16.52%14.03%6.81%
FEZ
SPDR EURO STOXX 50 ETF		23.25%3.10%22.58%15.09%15.35%7.20%
PFE
Pfizer Inc.		-8.28%-1.08%-7.16%-12.56%-4.00%0.81%
BITB
Bitwise Bitcoin ETF		11.96%7.80%7.56%54.49%N/AN/A
*Annualized

Monthly Returns

The table below presents the monthly returns of Roth/HSA Correlations, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20257.83%0.93%8.21%5.39%4.57%29.78%
2024-1.20%3.68%8.33%-2.08%4.77%-3.43%7.96%1.80%3.51%0.64%-0.48%-2.54%22.06%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Expense Ratio

Roth/HSA Correlations has an expense ratio of 0.22%, 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.

SHLD
Global X Defense Tech ETF
IAUM
iShares Gold Trust Micro ETF of Benef Interest
EZU
iShares MSCI Eurozone ETF
EWP
iShares MSCI Spain ETF
PFIX
Simplify Interest Rate Hedge ETF
EWO
iShares MSCI Austria ETF
RING
iShares MSCI Global Gold Miners ETF
AVDV
Avantis International Small Cap Value ETF
FEZ
SPDR EURO STOXX 50 ETF
BITB
Bitwise Bitcoin ETF

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 97, Roth/HSA Correlations is among the top 3% 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.

The Risk-Adjusted Performance Rank of Roth/HSA Correlations is 9797
Overall Rank
The Sharpe Ratio Rank of Roth/HSA Correlations is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of Roth/HSA Correlations is 9696
Sortino Ratio Rank
The Omega Ratio Rank of Roth/HSA Correlations is 9797
Omega Ratio Rank
The Calmar Ratio Rank of Roth/HSA Correlations is 9898
Calmar Ratio Rank
The Martin Ratio Rank of Roth/HSA Correlations is 9898
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 ratioSortino ratioOmega ratioCalmar ratioMartin ratio
IAUM
iShares Gold Trust Micro ETF of Benef Interest		2.303.001.384.8813.33
SHLD
Global X Defense Tech ETF		3.264.101.616.4018.73
GFI
Gold Fields Limited		1.011.431.191.503.36
SBS
Companhia de Saneamento Básico do Estado de São Paulo - SABESP		1.522.081.261.964.80
OHI
Omega Healthcare Investors, Inc.		1.241.831.232.034.08
BMY
Bristol-Myers Squibb Company		0.831.381.170.862.67
TIMB
TIM S.A.		0.550.911.110.451.13
ERIC
Telefonaktiebolaget LM Ericsson (publ)		1.352.011.292.057.05
NGD
New Gold Inc.		1.822.581.314.9110.59
RING
iShares MSCI Global Gold Miners ETF		1.451.891.252.125.21
EWP
iShares MSCI Spain ETF		1.682.211.322.887.20
EWO
iShares MSCI Austria ETF		1.572.031.291.915.97
PFIX
Simplify Interest Rate Hedge ETF		0.491.061.120.701.84
AVDV
Avantis International Small Cap Value ETF		1.071.491.211.334.67
EZU
iShares MSCI Eurozone ETF		0.871.281.161.072.98
FEZ
SPDR EURO STOXX 50 ETF		0.761.131.140.912.62
PFE
Pfizer Inc.		-0.46-0.520.94-0.39-0.80
BITB
Bitwise Bitcoin ETF		0.991.631.191.874.08

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.

Roth/HSA Correlations Sharpe ratios as of Jun 1, 2025 (values are recalculated daily):

  • 1-Year: 2.46
  • All Time: 2.57

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 0.60 to 1.13, 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 Roth/HSA Correlations compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend yield

Roth/HSA Correlations provided a 3.18% dividend yield over the last twelve months.

TTM20242023202220212020201920182017201620152014
Portfolio3.18%3.45%7.37%2.76%2.20%1.90%1.67%1.99%1.78%2.07%1.71%2.04%
Portfolio components:
IAUM
iShares Gold Trust Micro ETF of Benef Interest		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SHLD
Global X Defense Tech ETF		0.35%0.53%0.26%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GFI
Gold Fields Limited		2.37%2.96%2.85%3.29%3.29%1.68%0.82%1.57%1.78%1.58%0.70%0.85%
SBS
Companhia de Saneamento Básico do Estado de São Paulo - SABESP		3.10%1.96%1.66%1.88%0.97%2.93%1.99%3.85%3.67%0.69%2.48%4.86%
OHI
Omega Healthcare Investors, Inc.		7.24%7.08%8.74%9.59%9.06%7.38%6.26%7.51%9.22%7.55%6.23%5.17%
BMY
Bristol-Myers Squibb Company		5.05%4.24%4.44%3.00%2.36%3.69%2.55%3.08%2.55%1.95%2.17%2.46%
TIMB
TIM S.A.		7.63%9.04%5.01%4.80%3.47%2.97%0.00%0.00%0.00%0.00%0.00%0.00%
ERIC
Telefonaktiebolaget LM Ericsson (publ)		3.12%3.25%4.05%4.27%2.18%1.36%1.24%1.42%1.68%7.36%4.10%3.82%
NGD
New Gold 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%
RING
iShares MSCI Global Gold Miners ETF		0.95%1.43%2.01%2.29%2.38%0.82%0.83%0.70%0.42%1.42%0.97%0.85%
EWP
iShares MSCI Spain ETF		3.12%4.35%2.70%3.07%3.29%2.56%3.72%3.69%2.72%4.65%3.85%4.72%
EWO
iShares MSCI Austria ETF		5.35%7.40%5.65%4.75%2.42%0.98%3.11%4.04%2.03%1.99%1.51%3.93%
PFIX
Simplify Interest Rate Hedge ETF		3.28%3.40%80.99%0.63%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
AVDV
Avantis International Small Cap Value ETF		3.62%4.31%3.29%3.17%2.39%1.67%0.37%0.00%0.00%0.00%0.00%0.00%
EZU
iShares MSCI Eurozone ETF		2.32%2.90%2.56%2.79%2.46%2.13%2.84%3.47%1.91%3.07%2.18%2.97%
FEZ
SPDR EURO STOXX 50 ETF		2.47%2.94%2.75%3.06%2.61%2.13%2.61%3.45%2.44%3.35%3.03%3.78%
PFE
Pfizer Inc.		7.24%6.33%5.70%3.12%2.64%3.92%3.68%3.12%3.53%3.69%3.47%3.34%
BITB
Bitwise Bitcoin ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

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 Roth/HSA Correlations. 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 Roth/HSA Correlations was 9.34%, occurring on Apr 8, 2025. Recovery took 5 trading sessions.

The current Roth/HSA Correlations drawdown is 0.32%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-9.34%Mar 20, 202514Apr 8, 20255Apr 15, 202519
-5.95%May 21, 202418Jun 14, 202417Jul 11, 202435
-5.63%Oct 21, 202443Dec 19, 202419Jan 21, 202562
-5.01%Aug 1, 20243Aug 5, 20246Aug 13, 20249
-4.51%Aug 22, 202411Sep 6, 20245Sep 13, 202416
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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 18 assets, with an effective number of assets of 18.00, 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.
^GSPCBMYPFIXOHIBITBTIMBPFESBSGFIIAUMNGDSHLDRINGERICEWOEWPFEZEZUAVDVPortfolio
^GSPC1.000.09-0.090.150.360.180.220.200.090.100.190.490.210.430.410.370.610.610.570.44
BMY0.091.00-0.160.200.030.090.460.090.050.050.010.070.040.240.030.100.090.100.100.20
PFIX-0.09-0.161.00-0.270.04-0.18-0.23-0.21-0.12-0.10-0.08-0.07-0.09-0.11-0.09-0.22-0.13-0.15-0.18-0.05
OHI0.150.20-0.271.000.100.140.330.150.090.110.070.290.140.290.120.200.150.160.230.29
BITB0.360.030.040.101.000.110.080.160.040.100.090.240.130.260.220.220.330.330.290.45
TIMB0.180.09-0.180.140.111.000.110.580.080.100.110.150.100.280.250.320.290.310.320.38
PFE0.220.46-0.230.330.080.111.000.120.070.090.090.180.120.350.240.290.280.300.300.33
SBS0.200.09-0.210.150.160.580.121.000.180.100.150.180.170.230.280.310.270.290.320.41
GFI0.090.05-0.120.090.040.080.070.181.000.670.640.200.800.130.200.240.220.260.380.62
IAUM0.100.05-0.100.110.100.100.090.100.671.000.640.230.790.210.180.220.250.270.420.61
NGD0.190.01-0.080.070.090.110.090.150.640.641.000.210.810.220.200.250.250.260.410.65
SHLD0.490.07-0.070.290.240.150.180.180.200.230.211.000.280.330.420.390.480.500.510.50
RING0.210.04-0.090.140.130.100.120.170.800.790.810.281.000.300.270.330.330.360.520.74
ERIC0.430.24-0.110.290.260.280.350.230.130.210.220.330.301.000.470.530.600.600.530.58
EWO0.410.03-0.090.120.220.250.240.280.200.180.200.420.270.471.000.700.760.790.700.54
EWP0.370.10-0.220.200.220.320.290.310.240.220.250.390.330.530.701.000.760.790.690.60
FEZ0.610.09-0.130.150.330.290.280.270.220.250.250.480.330.600.760.761.000.990.780.66
EZU0.610.10-0.150.160.330.310.300.290.260.270.260.500.360.600.790.790.991.000.810.69
AVDV0.570.10-0.180.230.290.320.300.320.380.420.410.510.520.530.700.690.780.811.000.74
Portfolio0.440.20-0.050.290.450.380.330.410.620.610.650.500.740.580.540.600.660.690.741.00
The correlation results are calculated based on daily price changes starting from Jan 12, 2024
Go to the full Correlations tool for more customization options