Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in m1, 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 May 21, 2020, corresponding to the inception date of JEPI
Returns By Period
| 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 m1 | -0.47% | -4.37% | 18.73% | 33.18% | 73.93% | 29.61% | 20.90% | — |
| Portfolio components: | ||||||||
GDX VanEck Gold Miners ETF | -1.48% | -10.12% | 10.28% | 23.58% | 108.21% | 43.61% | 24.72% | 18.24% |
NEM Newmont Goldcorp Corporation | 0.23% | -3.77% | 14.45% | 32.61% | 137.09% | 35.39% | 16.48% | 18.66% |
AEM Agnico Eagle Mines Limited | -0.73% | -11.08% | 23.23% | 24.54% | 95.94% | 61.65% | 31.59% | 21.55% |
SIL Global X Silver Miners ETF | -0.65% | -13.05% | 10.93% | 31.44% | 138.87% | 45.80% | 19.00% | 15.27% |
BHP BHP Group | -0.44% | -4.66% | 23.71% | 34.56% | 59.42% | 10.35% | 13.32% | 21.30% |
RIO Rio Tinto Group | -0.38% | 1.87% | 21.32% | 46.53% | 66.02% | 18.61% | 11.87% | 21.01% |
FCX Freeport-McMoRan Inc. | 0.29% | -6.39% | 21.15% | 58.87% | 62.92% | 15.81% | 14.12% | 21.75% |
VALE Vale S.A. | 0.87% | 1.38% | 24.25% | 49.54% | 68.87% | 9.34% | 8.69% | 22.93% |
CVX Chevron Corporation | 0.79% | 5.40% | 31.83% | 32.46% | 24.90% | 9.95% | 18.30% | 12.53% |
XOM Exxon Mobil Corporation | -0.06% | 5.84% | 34.42% | 46.62% | 40.06% | 15.29% | 27.66% | 11.56% |
Monthly Returns
Based on dividend-adjusted daily data since May 22, 2020, m1's average daily return is +0.11%, while the average monthly return is +2.17%. At this rate, your investment would double in approximately 2.7 years.
Historically, 63% of months were positive and 38% were negative. The best month was Nov 2022 with a return of +15.9%, while the worst month was Jun 2022 at -13.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, m1 closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.4%, while the worst single day was Apr 4, 2025 at -7.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.70% | 15.65% | -10.18% | 1.41% | 18.73% | ||||||||
| 2025 | 6.28% | 1.59% | 5.81% | -0.78% | 4.20% | 4.91% | 1.17% | 9.05% | 9.07% | 2.40% | 4.33% | 5.33% | 67.79% |
| 2024 | -5.89% | -1.32% | 10.85% | 2.16% | 5.39% | -4.47% | 4.91% | 0.70% | 6.02% | -2.93% | -0.03% | -8.73% | 5.03% |
| 2023 | 8.91% | -9.09% | 5.18% | -0.79% | -8.25% | 5.97% | 5.38% | -4.24% | -3.52% | -2.70% | 9.04% | 5.89% | 9.87% |
| 2022 | 0.77% | 8.87% | 10.08% | -8.80% | -0.15% | -13.63% | 2.61% | -4.23% | -4.36% | 7.60% | 15.86% | -0.28% | 10.99% |
| 2021 | -0.95% | 6.96% | 2.26% | 4.99% | 7.92% | -5.64% | 0.47% | -5.07% | -7.54% | 4.77% | -1.54% | 5.66% | 11.34% |
Benchmark Metrics
m1 has an annualized alpha of 15.54%, beta of 0.80, and R² of 0.36 versus S&P 500 Index. Calculated based on daily prices since May 22, 2020.
- This portfolio captured 114.51% of S&P 500 Index gains but only 62.62% of its losses — a favorable profile for investors.
- R² of 0.36 means the benchmark explains less than half of this portfolio's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 15.54%
- Beta
- 0.80
- R²
- 0.36
- Upside Capture
- 114.51%
- Downside Capture
- 62.62%
Expense Ratio
m1 has an expense ratio of 0.16%, 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
m1 ranks 95 for risk / return — in the top 95% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.91 | 0.88 | +2.03 |
Sortino ratioReturn per unit of downside risk | 3.37 | 1.37 | +2.00 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.21 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 4.20 | 1.39 | +2.81 |
Martin ratioReturn relative to average drawdown | 17.91 | 6.43 | +11.47 |
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 | |
|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | 90 | 2.35 | 2.55 | 1.37 | 3.50 | 12.47 |
NEM Newmont Goldcorp Corporation | 93 | 2.98 | 3.02 | 1.44 | 5.11 | 16.85 |
AEM Agnico Eagle Mines Limited | 87 | 2.19 | 2.45 | 1.35 | 3.27 | 11.15 |
SIL Global X Silver Miners ETF | 93 | 2.80 | 2.83 | 1.41 | 4.25 | 14.39 |
BHP BHP Group | 85 | 1.84 | 2.42 | 1.31 | 2.85 | 10.64 |
RIO Rio Tinto Group | 91 | 2.36 | 2.93 | 1.39 | 4.29 | 14.31 |
FCX Freeport-McMoRan Inc. | 76 | 1.24 | 1.68 | 1.25 | 2.54 | 6.63 |
VALE Vale S.A. | 88 | 2.11 | 2.64 | 1.35 | 3.46 | 11.57 |
CVX Chevron Corporation | 66 | 0.98 | 1.37 | 1.20 | 1.19 | 2.67 |
XOM Exxon Mobil Corporation | 80 | 1.58 | 2.06 | 1.28 | 2.51 | 6.57 |
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Dividends
Dividend yield
m1 provided a 2.41% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.41% | 2.83% | 3.68% | 3.34% | 5.24% | 4.68% | 2.75% | 3.02% | 2.68% | 1.83% | 3.86% | 4.20% |
| Portfolio components: | ||||||||||||
GDX VanEck Gold Miners ETF | 0.67% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
NEM Newmont Goldcorp Corporation | 0.89% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
AEM Agnico Eagle Mines Limited | 0.79% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
SIL Global X Silver Miners ETF | 1.07% | 1.18% | 2.40% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.21% | 0.02% | 3.34% | 0.38% |
BHP BHP Group | 3.63% | 3.64% | 5.98% | 4.98% | 22.44% | 9.98% | 3.67% | 8.59% | 4.89% | 3.61% | 1.68% | 9.38% |
RIO Rio Tinto Group | 4.26% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
FCX Freeport-McMoRan Inc. | 0.98% | 1.18% | 1.58% | 1.41% | 0.99% | 0.54% | 0.19% | 1.52% | 1.45% | 0.00% | 0.00% | 8.46% |
VALE Vale S.A. | 3.55% | 7.29% | 11.41% | 7.75% | 8.63% | 19.70% | 2.72% | 2.63% | 4.16% | 3.77% | 1.06% | 7.48% |
CVX Chevron Corporation | 3.47% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
XOM Exxon Mobil Corporation | 2.51% | 3.32% | 3.57% | 3.68% | 3.22% | 5.70% | 8.44% | 4.92% | 4.74% | 3.66% | 3.30% | 3.69% |
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 m1. 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 m1 was 31.73%, occurring on Sep 26, 2022. Recovery took 378 trading sessions.
The current m1 drawdown is 8.65%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.73% | Apr 19, 2022 | 111 | Sep 26, 2022 | 378 | Mar 28, 2024 | 489 |
| -18.73% | May 18, 2021 | 88 | Sep 21, 2021 | 112 | Mar 2, 2022 | 200 |
| -17.54% | Mar 3, 2026 | 14 | Mar 20, 2026 | — | — | — |
| -14.74% | Mar 26, 2025 | 10 | Apr 8, 2025 | 19 | May 6, 2025 | 29 |
| -13.12% | Oct 23, 2024 | 47 | Dec 30, 2024 | 51 | Mar 17, 2025 | 98 |
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 19 assets, with an effective number of assets of 17.48, 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
| Benchmark | TLT | HWM | DE | XOM | JEPI | CVX | AEM | CNQ | NEM | VALE | CAT | GDX | GDXJ | SIL | RIO | SCCO | BHP | FCX | PICK | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.03 | 0.56 | 0.46 | 0.28 | 0.80 | 0.32 | 0.23 | 0.36 | 0.24 | 0.36 | 0.57 | 0.28 | 0.30 | 0.34 | 0.42 | 0.48 | 0.47 | 0.52 | 0.58 | 0.54 |
| TLT | 0.03 | 1.00 | -0.07 | -0.06 | -0.16 | 0.09 | -0.16 | 0.15 | -0.14 | 0.14 | -0.01 | -0.10 | 0.16 | 0.14 | 0.12 | -0.04 | -0.01 | -0.02 | -0.06 | -0.04 | 0.04 |
| HWM | 0.56 | -0.07 | 1.00 | 0.42 | 0.32 | 0.48 | 0.35 | 0.16 | 0.37 | 0.15 | 0.27 | 0.53 | 0.19 | 0.22 | 0.23 | 0.30 | 0.36 | 0.34 | 0.45 | 0.45 | 0.47 |
| DE | 0.46 | -0.06 | 0.42 | 1.00 | 0.41 | 0.49 | 0.42 | 0.11 | 0.39 | 0.15 | 0.33 | 0.67 | 0.16 | 0.18 | 0.20 | 0.39 | 0.41 | 0.42 | 0.45 | 0.48 | 0.49 |
| XOM | 0.28 | -0.16 | 0.32 | 0.41 | 1.00 | 0.29 | 0.87 | 0.13 | 0.71 | 0.19 | 0.34 | 0.46 | 0.18 | 0.20 | 0.21 | 0.38 | 0.35 | 0.42 | 0.42 | 0.45 | 0.51 |
| JEPI | 0.80 | 0.09 | 0.48 | 0.49 | 0.29 | 1.00 | 0.32 | 0.23 | 0.29 | 0.27 | 0.30 | 0.54 | 0.27 | 0.27 | 0.28 | 0.35 | 0.38 | 0.39 | 0.41 | 0.48 | 0.48 |
| CVX | 0.32 | -0.16 | 0.35 | 0.42 | 0.87 | 0.32 | 1.00 | 0.14 | 0.71 | 0.19 | 0.34 | 0.48 | 0.19 | 0.21 | 0.22 | 0.39 | 0.35 | 0.43 | 0.42 | 0.46 | 0.52 |
| AEM | 0.23 | 0.15 | 0.16 | 0.11 | 0.13 | 0.23 | 0.14 | 1.00 | 0.22 | 0.80 | 0.30 | 0.18 | 0.91 | 0.87 | 0.84 | 0.35 | 0.42 | 0.35 | 0.39 | 0.41 | 0.68 |
| CNQ | 0.36 | -0.14 | 0.37 | 0.39 | 0.71 | 0.29 | 0.71 | 0.22 | 1.00 | 0.23 | 0.38 | 0.48 | 0.27 | 0.29 | 0.30 | 0.42 | 0.43 | 0.46 | 0.48 | 0.52 | 0.56 |
| NEM | 0.24 | 0.14 | 0.15 | 0.15 | 0.19 | 0.27 | 0.19 | 0.80 | 0.23 | 1.00 | 0.35 | 0.23 | 0.87 | 0.81 | 0.79 | 0.39 | 0.45 | 0.39 | 0.42 | 0.45 | 0.70 |
| VALE | 0.36 | -0.01 | 0.27 | 0.33 | 0.34 | 0.30 | 0.34 | 0.30 | 0.38 | 0.35 | 1.00 | 0.41 | 0.38 | 0.40 | 0.42 | 0.75 | 0.61 | 0.73 | 0.60 | 0.75 | 0.69 |
| CAT | 0.57 | -0.10 | 0.53 | 0.67 | 0.46 | 0.54 | 0.48 | 0.18 | 0.48 | 0.23 | 0.41 | 1.00 | 0.23 | 0.25 | 0.28 | 0.48 | 0.54 | 0.51 | 0.59 | 0.61 | 0.61 |
| GDX | 0.28 | 0.16 | 0.19 | 0.16 | 0.18 | 0.27 | 0.19 | 0.91 | 0.27 | 0.87 | 0.38 | 0.23 | 1.00 | 0.98 | 0.93 | 0.44 | 0.51 | 0.44 | 0.48 | 0.51 | 0.78 |
| GDXJ | 0.30 | 0.14 | 0.22 | 0.18 | 0.20 | 0.27 | 0.21 | 0.87 | 0.29 | 0.81 | 0.40 | 0.25 | 0.98 | 1.00 | 0.96 | 0.46 | 0.52 | 0.46 | 0.50 | 0.54 | 0.79 |
| SIL | 0.34 | 0.12 | 0.23 | 0.20 | 0.21 | 0.28 | 0.22 | 0.84 | 0.30 | 0.79 | 0.42 | 0.28 | 0.93 | 0.96 | 1.00 | 0.48 | 0.55 | 0.49 | 0.53 | 0.57 | 0.80 |
| RIO | 0.42 | -0.04 | 0.30 | 0.39 | 0.38 | 0.35 | 0.39 | 0.35 | 0.42 | 0.39 | 0.75 | 0.48 | 0.44 | 0.46 | 0.48 | 1.00 | 0.70 | 0.89 | 0.69 | 0.87 | 0.77 |
| SCCO | 0.48 | -0.01 | 0.36 | 0.41 | 0.35 | 0.38 | 0.35 | 0.42 | 0.43 | 0.45 | 0.61 | 0.54 | 0.51 | 0.52 | 0.55 | 0.70 | 1.00 | 0.70 | 0.83 | 0.81 | 0.78 |
| BHP | 0.47 | -0.02 | 0.34 | 0.42 | 0.42 | 0.39 | 0.43 | 0.35 | 0.46 | 0.39 | 0.73 | 0.51 | 0.44 | 0.46 | 0.49 | 0.89 | 0.70 | 1.00 | 0.70 | 0.88 | 0.79 |
| FCX | 0.52 | -0.06 | 0.45 | 0.45 | 0.42 | 0.41 | 0.42 | 0.39 | 0.48 | 0.42 | 0.60 | 0.59 | 0.48 | 0.50 | 0.53 | 0.69 | 0.83 | 0.70 | 1.00 | 0.84 | 0.81 |
| PICK | 0.58 | -0.04 | 0.45 | 0.48 | 0.45 | 0.48 | 0.46 | 0.41 | 0.52 | 0.45 | 0.75 | 0.61 | 0.51 | 0.54 | 0.57 | 0.87 | 0.81 | 0.88 | 0.84 | 1.00 | 0.87 |
| Portfolio | 0.54 | 0.04 | 0.47 | 0.49 | 0.51 | 0.48 | 0.52 | 0.68 | 0.56 | 0.70 | 0.69 | 0.61 | 0.78 | 0.79 | 0.80 | 0.77 | 0.78 | 0.79 | 0.81 | 0.87 | 1.00 |