Labor Day 2023

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Labor Day 2023

Currency in USD · Last updated May 9, 2025

Asset Allocation

Position	Category/Sector	Target Weight
ATRFX Catalyst Systematic Alpha Class I	Multistrategy	6.67%
CWS AdvisorShares Focused Equity ETF	Large Cap Growth Equities, Actively Managed	6.67%
DGRW WisdomTree U.S. Dividend Growth Fund	Large Cap Growth Equities, Dividend	6.67%
FMIMX FMI Common Stock Fund	Mid Cap Blend Equities	6.67%
HEDJ WisdomTree Europe Hedged Equity Fund	Europe Equities	6.67%
HEWJ iShares Currency Hedged MSCI Japan ETF	Japan Equities	6.67%
INDS Pacer Benchmark Industrial Real Estate SCTR ETF	REIT	6.67%
LRGE ClearBridge Large Cap Growth ESG ETF	Large Cap Growth Equities, Actively Managed	6.67%
LSGRX Loomis Sayles Growth Fund	Large Cap Growth Equities	6.67%
MOWIX Moerus Worldwide Value Fund	Foreign Small & Mid Cap Equities	6.67%
MRFOX Marshfield Concentrated Opportunity Fund	Large Cap Growth Equities	6.67%
OBMCX Oberweis Micro Cap Fund	Small Cap Growth Equities	6.67%
PAVE Global X US Infrastructure Development ETF	Utilities Equities	6.67%
PTNQ Pacer Trendpilot 100 ETF	Large Cap Blend Equities	6.67%
XLG Invesco S&P 500® Top 50 ETF	Large Cap Growth Equities	6.67%

Benchmark

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Labor Day 2023, 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.

Labor Day 2023

Benchmark (^GSPC)

Portfolio components

The earliest data available for this chart is May 15, 2018, corresponding to the inception date of INDS

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	-3.70%	13.67%	-5.18%	9.18%	14.14%	10.43%
Labor Day 2023	-1.83%	13.09%	-5.34%	4.33%	15.73%	N/A
Portfolio components:
MRFOX Marshfield Concentrated Opportunity Fund	3.47%	7.80%	-0.48%	6.47%	13.67%	N/A
LSGRX Loomis Sayles Growth Fund	-5.78%	16.92%	-8.72%	9.73%	8.59%	9.93%
ATRFX Catalyst Systematic Alpha Class I	-14.00%	9.92%	-18.53%	-24.05%	8.36%	3.92%
PTNQ Pacer Trendpilot 100 ETF	-9.02%	0.28%	-9.15%	0.22%	12.60%	N/A
INDS Pacer Benchmark Industrial Real Estate SCTR ETF	2.58%	14.68%	-6.02%	1.12%	6.13%	N/A
LRGE ClearBridge Large Cap Growth ESG ETF	-4.20%	14.90%	-5.79%	9.83%	14.92%	N/A
CWS AdvisorShares Focused Equity ETF	3.72%	13.15%	-3.76%	8.24%	14.80%	N/A
DGRW WisdomTree U.S. Dividend Growth Fund	-2.43%	10.41%	-7.04%	6.73%	14.95%	11.78%
HEWJ iShares Currency Hedged MSCI Japan ETF	0.94%	16.74%	1.73%	6.04%	18.64%	9.13%
XLG Invesco S&P 500® Top 50 ETF	-6.50%	13.87%	-5.83%	11.56%	17.08%	14.15%
PAVE Global X US Infrastructure Development ETF	-0.89%	18.56%	-10.48%	3.72%	24.81%	N/A
OBMCX Oberweis Micro Cap Fund	-10.23%	15.73%	-12.11%	7.32%	24.07%	15.30%
FMIMX FMI Common Stock Fund	-2.38%	14.37%	-8.87%	-1.35%	11.82%	2.93%
HEDJ WisdomTree Europe Hedged Equity Fund	10.43%	15.23%	10.47%	4.68%	14.87%	7.51%
MOWIX Moerus Worldwide Value Fund	6.27%	14.95%	3.03%	9.82%	22.24%	N/A

*Annualized

Monthly Returns

The table below presents the monthly returns of Labor Day 2023, 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	3.42%	-2.00%	-4.13%	-1.11%	2.16%								-1.83%
2024	0.96%	4.89%	3.46%	-4.02%	4.02%	1.18%	2.12%	1.08%	1.69%	-1.82%	5.13%	-4.29%	14.77%
2023	8.55%	-0.85%	2.16%	0.53%	0.98%	7.46%	2.82%	-1.61%	-4.15%	-3.48%	8.91%	5.09%	28.48%
2022	-5.97%	-2.04%	2.94%	-5.99%	-0.51%	-6.88%	8.31%	-3.02%	-7.82%	8.19%	6.15%	-5.72%	-13.43%
2021	-0.56%	4.21%	4.32%	4.00%	1.48%	1.15%	2.14%	2.15%	-3.85%	5.65%	-1.22%	3.57%	25.13%
2020	-0.67%	-7.72%	-13.23%	9.80%	5.17%	2.67%	4.63%	5.91%	-2.43%	-1.76%	11.24%	4.48%	16.39%
2019	8.00%	7.36%	5.84%	7.43%	-6.02%	6.43%	1.30%	-2.40%	1.54%	2.40%	3.53%	1.45%	42.37%
2018					0.00%	0.07%	2.72%	2.43%	-0.24%	-7.36%	1.79%	-8.81%	-9.68%

Expense Ratio

Labor Day 2023 has an expense ratio of 0.80%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

ATRFX

Catalyst Systematic Alpha Class I

OBMCX

Oberweis Micro Cap Fund

MOWIX

Moerus Worldwide Value Fund

MRFOX

Marshfield Concentrated Opportunity Fund

FMIMX

FMI Common Stock Fund

CWS

AdvisorShares Focused Equity ETF

PTNQ

Pacer Trendpilot 100 ETF

LSGRX

Loomis Sayles Growth Fund

INDS

Pacer Benchmark Industrial Real Estate SCTR ETF

LRGE

ClearBridge Large Cap Growth ESG ETF

HEDJ

WisdomTree Europe Hedged Equity Fund

HEWJ

iShares Currency Hedged MSCI Japan ETF

PAVE

Global X US Infrastructure Development ETF

DGRW

WisdomTree U.S. Dividend Growth Fund

XLG

Invesco S&P 500® Top 50 ETF

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of Labor Day 2023 is 15, meaning it’s performing worse than 85% of other 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
MRFOX Marshfield Concentrated Opportunity Fund	0.54	0.84	1.12	0.62	1.79
LSGRX Loomis Sayles Growth Fund	0.37	0.63	1.09	0.32	0.96
ATRFX Catalyst Systematic Alpha Class I	-1.12	-1.37	0.79	-0.68	-1.44
PTNQ Pacer Trendpilot 100 ETF	0.02	0.10	1.01	0.02	0.05
INDS Pacer Benchmark Industrial Real Estate SCTR ETF	0.06	0.24	1.03	0.04	0.13
LRGE ClearBridge Large Cap Growth ESG ETF	0.48	0.80	1.11	0.48	1.73
CWS AdvisorShares Focused Equity ETF	0.52	0.90	1.12	0.54	1.68
DGRW WisdomTree U.S. Dividend Growth Fund	0.42	0.72	1.10	0.43	1.63
HEWJ iShares Currency Hedged MSCI Japan ETF	0.24	0.41	1.06	0.22	0.59
XLG Invesco S&P 500® Top 50 ETF	0.53	0.88	1.12	0.56	1.94
PAVE Global X US Infrastructure Development ETF	0.15	0.41	1.05	0.15	0.42
OBMCX Oberweis Micro Cap Fund	0.27	0.54	1.07	0.24	0.71
FMIMX FMI Common Stock Fund	-0.06	0.07	1.01	-0.05	-0.16
HEDJ WisdomTree Europe Hedged Equity Fund	0.25	0.57	1.08	0.36	0.96
MOWIX Moerus Worldwide Value Fund	0.60	0.87	1.11	0.66	2.21

The current Labor Day 2023 Sharpe ratio is 0.26. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 0.44 to 0.96, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests that it may not be performing as well in terms of risk-adjusted returns compared to many other portfolios. The lower performance could be due to either lower returns, higher volatility, or a combination of both. This might indicate that the portfolio requires some fine-tuning. You can use the Portfolio Optimization tool to find an allocation that maximizes the Sharpe ratio.

Use the chart below to compare the Sharpe ratio of Labor Day 2023 with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Labor Day 2023

Benchmark (^GSPC)

Portfolio components

Dividends

Dividend yield

Labor Day 2023 provided a 2.56% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	2.56%	2.52%	1.82%	5.49%	1.71%	2.45%	7.58%	1.73%	0.75%	0.82%	1.23%	1.69%
Portfolio components:
MRFOX Marshfield Concentrated Opportunity Fund	0.98%	1.01%	0.46%	0.14%	0.00%	0.00%	0.09%	0.02%	0.06%	0.17%	0.00%	0.00%
LSGRX Loomis Sayles Growth Fund	6.01%	5.67%	6.02%	16.47%	4.73%	4.41%	2.70%	5.82%	2.41%	1.48%	0.54%	0.68%
ATRFX Catalyst Systematic Alpha Class I	13.45%	11.90%	1.87%	4.98%	5.43%	20.92%	3.04%	1.38%	0.00%	0.91%	0.74%	0.59%
PTNQ Pacer Trendpilot 100 ETF	2.15%	1.96%	1.47%	0.62%	0.00%	0.16%	0.44%	0.45%	0.32%	0.30%	0.22%	0.00%
INDS Pacer Benchmark Industrial Real Estate SCTR ETF	2.70%	3.75%	3.11%	2.16%	1.24%	1.68%	2.26%	1.81%	0.00%	0.00%	0.00%	0.00%
LRGE ClearBridge Large Cap Growth ESG ETF	0.18%	0.18%	0.11%	2.02%	1.20%	0.37%	0.37%	2.14%	0.37%	0.00%	0.00%	0.00%
CWS AdvisorShares Focused Equity ETF	0.57%	0.59%	0.25%	0.50%	0.16%	0.27%	0.39%	2.61%	0.29%	0.03%	0.00%	0.00%
DGRW WisdomTree U.S. Dividend Growth Fund	1.64%	1.55%	1.74%	2.15%	1.78%	1.91%	2.20%	2.42%	1.73%	2.13%	2.18%	1.79%
HEWJ iShares Currency Hedged MSCI Japan ETF	2.18%	2.20%	2.03%	47.67%	2.03%	1.20%	2.78%	1.37%	1.21%	1.88%	3.25%	2.15%
XLG Invesco S&P 500® Top 50 ETF	0.78%	0.72%	0.97%	1.34%	0.94%	1.25%	1.58%	2.00%	1.85%	2.00%	2.09%	1.97%
PAVE Global X US Infrastructure Development ETF	0.55%	0.54%	0.68%	0.84%	0.48%	0.44%	0.67%	0.78%	0.30%	0.00%	0.00%	0.00%
OBMCX Oberweis Micro Cap Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FMIMX FMI Common Stock Fund	0.22%	0.21%	0.27%	0.14%	0.33%	0.76%	0.43%	0.44%	0.02%	0.00%	0.00%	12.38%
HEDJ WisdomTree Europe Hedged Equity Fund	2.97%	3.28%	3.31%	2.83%	2.08%	2.65%	1.82%	2.73%	2.27%	2.97%	9.43%	5.83%
MOWIX Moerus Worldwide Value Fund	3.95%	4.20%	4.98%	0.55%	5.32%	0.72%	94.90%	1.94%	0.38%	0.47%	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.

Labor Day 2023

Benchmark (^GSPC)

Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Labor Day 2023. 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 Labor Day 2023 was 32.23%, occurring on Mar 23, 2020. Recovery took 109 trading sessions.

The current Labor Day 2023 drawdown is 6.74%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-32.23%	Feb 20, 2020	23	Mar 23, 2020	109	Aug 26, 2020	132
-20.9%	Nov 17, 2021	219	Sep 30, 2022	174	Jun 12, 2023	393
-18.23%	Sep 21, 2018	65	Dec 24, 2018	49	Mar 7, 2019	114
-17.53%	Dec 5, 2024	84	Apr 8, 2025	—	—	—
-10.54%	Aug 1, 2023	63	Oct 27, 2023	24	Dec 1, 2023	87

Volatility

Volatility Chart

The current Labor Day 2023 volatility is 8.60%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

Labor Day 2023

Benchmark (^GSPC)

Portfolio components

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.

	^GSPC	ATRFX	INDS	MOWIX	HEWJ	PTNQ	HEDJ	CWS	OBMCX	MRFOX	FMIMX	PAVE	LRGE	LSGRX	XLG	DGRW	Portfolio
^GSPC	1.00	0.24	0.58	0.59	0.69	0.83	0.75	0.78	0.78	0.80	0.79	0.80	0.90	0.92	0.96	0.95	0.95
ATRFX	0.24	1.00	0.16	0.22	0.19	0.20	0.19	0.22	0.20	0.16	0.20	0.21	0.24	0.24	0.24	0.22	0.31
INDS	0.58	0.16	1.00	0.41	0.35	0.43	0.48	0.61	0.49	0.57	0.56	0.53	0.50	0.49	0.50	0.61	0.63
MOWIX	0.59	0.22	0.41	1.00	0.53	0.42	0.60	0.51	0.61	0.54	0.65	0.66	0.49	0.52	0.50	0.57	0.70
HEWJ	0.69	0.19	0.35	0.53	1.00	0.54	0.68	0.53	0.60	0.59	0.61	0.63	0.60	0.63	0.64	0.66	0.73
PTNQ	0.83	0.20	0.43	0.42	0.54	1.00	0.60	0.59	0.65	0.57	0.54	0.55	0.84	0.85	0.87	0.73	0.77
HEDJ	0.75	0.19	0.48	0.60	0.68	0.60	1.00	0.63	0.63	0.67	0.69	0.70	0.67	0.69	0.69	0.74	0.80
CWS	0.78	0.22	0.61	0.51	0.53	0.59	0.63	1.00	0.66	0.74	0.73	0.73	0.70	0.68	0.68	0.80	0.81
OBMCX	0.78	0.20	0.49	0.61	0.60	0.65	0.63	0.66	1.00	0.68	0.79	0.79	0.71	0.74	0.70	0.73	0.85
MRFOX	0.80	0.16	0.57	0.54	0.59	0.57	0.67	0.74	0.68	1.00	0.81	0.80	0.66	0.69	0.69	0.84	0.83
FMIMX	0.79	0.20	0.56	0.65	0.61	0.54	0.69	0.73	0.79	0.81	1.00	0.92	0.63	0.66	0.65	0.81	0.86
PAVE	0.80	0.21	0.53	0.66	0.63	0.55	0.70	0.73	0.79	0.80	0.92	1.00	0.65	0.67	0.66	0.82	0.87
LRGE	0.90	0.24	0.50	0.49	0.60	0.84	0.67	0.70	0.71	0.66	0.63	0.65	1.00	0.91	0.91	0.81	0.85
LSGRX	0.92	0.24	0.49	0.52	0.63	0.85	0.69	0.68	0.74	0.69	0.66	0.67	0.91	1.00	0.94	0.82	0.87
XLG	0.96	0.24	0.50	0.50	0.64	0.87	0.69	0.68	0.70	0.69	0.65	0.66	0.91	0.94	1.00	0.87	0.87
DGRW	0.95	0.22	0.61	0.57	0.66	0.73	0.74	0.80	0.73	0.84	0.81	0.82	0.81	0.82	0.87	1.00	0.91
Portfolio	0.95	0.31	0.63	0.70	0.73	0.77	0.80	0.81	0.85	0.83	0.86	0.87	0.85	0.87	0.87	0.91	1.00

The correlation results are calculated based on daily price changes starting from May 16, 2018

Performance Analysis

Risk Analysis

Optimization

Factor Model

Labor Day 2023

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

Portfolios

Screeners

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