Jack update 2024

Asset Allocation

Position	Category/Sector	Target Weight
AAXJ iShares MSCI All Country Asia ex-Japan ETF	Asia Pacific Equities	12%
ADM Archer-Daniels-Midland Company	Consumer Defensive	3%
ARE Alexandria Real Estate Equities, Inc.	Real Estate	2%
CME CME Group Inc.	Financial Services	3%
GDX VanEck Gold Miners ETF	Gold, Precious Metals	2.50%
GLD SPDR Gold Shares	Gold, Precious Metals	14.50%
IGF iShares Global Infrastructure ETF	Industrials Equities	3%
INDY iShares India 50 ETF	Asia Pacific Equities	6%
KXI iShares Global Consumer Staples ETF	Consumer Staples Equities	4%
LTPZ PIMCO 15+ Year US TIPS Index ETF	Inflation-Protected Bonds	12.50%
PICK iShares MSCI Global Select Metals & Mining Producers ETF	Materials	5%
PPH VanEck Vectors Pharmaceutical ETF	Health & Biotech Equities	12%
PSA Public Storage	Real Estate	2%
SCJ iShares MSCI Japan Small Cap ETF	Japan Equities	6%
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF	Inflation-Protected Bonds	12.50%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Jack update 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 May 30, 2013, corresponding to the inception date of TIPX

Returns By Period

As of Apr 3, 2026, the Jack update 2024 returned 4.02% Year-To-Date and 8.70% 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 Jack update 2024	-0.27%	-4.12%	4.02%	7.94%	21.89%	12.16%	7.55%	8.70%
Portfolio components:
AAXJ iShares MSCI All Country Asia ex-Japan ETF	-1.11%	-3.67%	3.21%	4.76%	31.52%	14.32%	2.43%	7.92%
INDY iShares India 50 ETF	-0.18%	-7.30%	-14.56%	-10.85%	-10.17%	3.74%	2.39%	6.84%
SCJ iShares MSCI Japan Small Cap ETF	-1.22%	-2.43%	7.09%	10.02%	34.10%	15.24%	5.83%	7.59%
GDX VanEck Gold Miners ETF	-1.48%	-10.12%	10.28%	23.58%	108.21%	43.61%	24.72%	18.24%
ADM Archer-Daniels-Midland Company	2.02%	8.59%	29.39%	26.90%	59.34%	0.44%	8.05%	10.67%
ARE Alexandria Real Estate Equities, Inc.	-0.14%	-15.91%	-10.27%	-46.76%	-50.07%	-25.89%	-20.58%	-3.79%
LTPZ PIMCO 15+ Year US TIPS Index ETF	1.10%	-2.77%	-0.17%	-1.90%	-1.91%	-2.01%	-4.45%	0.72%
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF	0.37%	-0.16%	0.94%	1.05%	4.24%	4.06%	2.53%	2.91%
PPH VanEck Vectors Pharmaceutical ETF	-0.45%	-3.28%	1.79%	12.87%	19.39%	12.58%	10.83%	8.04%
GLD SPDR Gold Shares	-1.92%	-8.27%	8.35%	21.03%	49.02%	32.51%	21.53%	13.97%

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

Monthly Returns

Based on dividend-adjusted daily data since May 31, 2013, Jack update 2024's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, your investment would double in approximately 9.3 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2022 with a return of +8.5%, while the worst month was Mar 2026 at -7.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, Jack update 2024 closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +5.1%, while the worst single day was Mar 12, 2020 at -6.7%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	5.57%	6.15%	-7.73%	0.60%									4.02%
2025	2.49%	2.10%	2.09%	0.88%	1.08%	2.07%	-0.88%	4.30%	4.13%	1.03%	2.84%	0.54%	25.01%
2024	-1.93%	0.92%	3.69%	-1.39%	2.70%	0.24%	2.79%	2.56%	2.74%	-2.62%	-0.42%	-3.70%	5.38%
2023	4.53%	-4.14%	3.54%	0.42%	-3.15%	1.96%	2.92%	-2.65%	-3.58%	-1.41%	5.19%	4.12%	7.32%
2022	-1.95%	1.58%	1.19%	-4.33%	-1.74%	-4.95%	2.75%	-3.03%	-7.68%	2.10%	8.46%	-1.16%	-9.35%
2021	-0.42%	-0.31%	0.90%	2.52%	3.66%	-1.24%	1.36%	0.61%	-2.98%	2.69%	-1.75%	3.85%	9.00%

Benchmark Metrics

Jack update 2024 has an annualized alpha of 2.24%, beta of 0.44, and R² of 0.55 versus S&P 500 Index. Calculated based on daily prices since May 31, 2013.

This portfolio participated in 53.85% of S&P 500 Index downside but only 51.07% of its upside — more exposed to losses than it benefited from rallies.
This portfolio generated an annualized alpha of 2.24% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
Beta of 0.44 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 2.24%

Beta: 0.44

R²: 0.55

Upside Capture: 51.07%

Downside Capture: 53.85%

Expense Ratio

Jack update 2024 has an expense ratio of 0.37%, 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.

Top 10 holdings

INDY

iShares India 50 ETF

AAXJ

iShares MSCI All Country Asia ex-Japan ETF

GDX

VanEck Gold Miners ETF

SCJ

iShares MSCI Japan Small Cap ETF

KXI

iShares Global Consumer Staples ETF

GLD

SPDR Gold Shares

IGF

iShares Global Infrastructure ETF

PICK

iShares MSCI Global Select Metals & Mining Producers ETF

PPH

VanEck Vectors Pharmaceutical ETF

LTPZ

PIMCO 15+ Year US TIPS Index ETF

Return for Risk

Risk / Return Rank

Jack update 2024 ranks 75 for risk / return — better than 75% of portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

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	1.84	0.88	+0.96
Sortino ratio Return per unit of downside risk	2.43	1.37	+1.07
Omega ratio Gain probability vs. loss probability	1.36	1.21	+0.15
Calmar ratio Return relative to maximum drawdown	2.20	1.39	+0.81
Martin ratio Return relative to average drawdown	8.92	6.43	+2.49
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
AAXJ iShares MSCI All Country Asia ex-Japan ETF	75	1.53	2.12	1.30	2.33	8.63
INDY iShares India 50 ETF	2	-0.69	-0.93	0.89	-0.50	-1.63
SCJ iShares MSCI Japan Small Cap ETF	85	1.95	2.70	1.36	2.70	10.22
GDX VanEck Gold Miners ETF	90	2.35	2.55	1.37	3.50	12.47
ADM Archer-Daniels-Midland Company	90	2.10	2.77	1.36	4.54	12.66
ARE Alexandria Real Estate Equities, Inc.	3	-1.19	-1.67	0.77	-0.99	-1.65
LTPZ PIMCO 15+ Year US TIPS Index ETF	8	-0.17	-0.15	0.98	-0.26	-0.51
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF	68	1.35	1.93	1.26	2.04	7.55
PPH VanEck Vectors Pharmaceutical ETF	52	0.99	1.47	1.19	2.00	5.14
GLD SPDR Gold Shares	80	1.77	2.19	1.32	2.57	9.28

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.

Jack update 2024 Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

1-Year: 1.84
5-Year: 0.74
10-Year: 0.84
All Time: 0.72

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 0.98 to 1.66, 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 Jack update 2024 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Jack update 2024 provided a 2.92% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.92%	2.95%	2.32%	2.38%	3.46%	2.71%	1.37%	1.89%	2.02%	1.88%	1.71%	2.12%
Portfolio components:
AAXJ iShares MSCI All Country Asia ex-Japan ETF	1.75%	1.81%	1.86%	1.95%	1.74%	2.21%	1.06%	1.83%	2.10%	1.99%	1.77%	2.44%
INDY iShares India 50 ETF	9.49%	8.11%	0.24%	0.38%	3.75%	7.12%	0.08%	0.58%	0.55%	0.27%	0.48%	0.57%
SCJ iShares MSCI Japan Small Cap ETF	2.93%	3.14%	1.79%	1.99%	1.18%	1.87%	0.89%	1.85%	1.44%	1.45%	2.73%	1.53%
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%
ADM Archer-Daniels-Midland Company	2.78%	3.55%	3.96%	2.49%	1.72%	2.19%	2.86%	3.02%	3.27%	3.19%	2.63%	3.05%
ARE Alexandria Real Estate Equities, Inc.	9.44%	9.56%	5.32%	3.91%	3.24%	2.01%	2.38%	2.48%	3.24%	2.64%	2.91%	3.38%
LTPZ PIMCO 15+ Year US TIPS Index ETF	3.76%	4.64%	3.71%	3.71%	8.38%	3.56%	1.42%	1.74%	3.05%	2.25%	2.32%	0.71%
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF	3.69%	3.78%	3.57%	3.57%	6.08%	4.26%	1.73%	2.53%	1.90%	2.84%	1.04%	0.06%
PPH VanEck Vectors Pharmaceutical ETF	2.07%	1.78%	1.98%	2.09%	1.55%	1.62%	1.66%	1.77%	1.97%	1.92%	2.43%	1.93%
GLD SPDR Gold Shares	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 Jack update 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 Jack update 2024 was 20.04%, occurring on Mar 19, 2020. Recovery took 57 trading sessions.

The current Jack update 2024 drawdown is 7.18%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-20.04%	Feb 13, 2020	25	Mar 19, 2020	57	Jun 10, 2020	82
-19.17%	Apr 5, 2022	134	Oct 14, 2022	397	May 15, 2024	531
-15.99%	May 18, 2015	171	Jan 20, 2016	118	Jul 8, 2016	289
-11.39%	Jan 29, 2018	229	Dec 24, 2018	122	Jun 20, 2019	351
-10%	Mar 2, 2026	15	Mar 20, 2026	—	—	—

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 15 assets, with an effective number of assets of 10.36, 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	LTPZ	TIPX	GLD	CME	GDX	PSA	ADM	ARE	INDY	PPH	SCJ	PICK	AAXJ	KXI	IGF	Portfolio
Benchmark	1.00	-0.04	0.05	0.01	0.36	0.16	0.35	0.45	0.47	0.54	0.64	0.59	0.60	0.67	0.63	0.68	0.66
LTPZ	-0.04	1.00	0.63	0.30	-0.10	0.24	0.15	-0.08	0.16	-0.01	-0.03	0.00	-0.02	-0.02	0.06	0.08	0.28
TIPX	0.05	0.63	1.00	0.35	-0.02	0.30	0.19	0.02	0.16	0.05	0.04	0.09	0.06	0.05	0.14	0.17	0.35
GLD	0.01	0.30	0.35	1.00	-0.06	0.77	0.12	0.02	0.08	0.09	0.03	0.10	0.24	0.14	0.10	0.19	0.50
CME	0.36	-0.10	-0.02	-0.06	1.00	0.02	0.22	0.22	0.20	0.21	0.31	0.22	0.20	0.19	0.35	0.29	0.27
GDX	0.16	0.24	0.30	0.77	0.02	1.00	0.16	0.10	0.17	0.19	0.15	0.18	0.37	0.25	0.21	0.32	0.58
PSA	0.35	0.15	0.19	0.12	0.22	0.16	1.00	0.24	0.56	0.23	0.31	0.24	0.19	0.20	0.45	0.42	0.40
ADM	0.45	-0.08	0.02	0.02	0.22	0.10	0.24	1.00	0.30	0.28	0.38	0.32	0.43	0.32	0.47	0.45	0.44
ARE	0.47	0.16	0.16	0.08	0.20	0.17	0.56	0.30	1.00	0.28	0.39	0.32	0.30	0.32	0.46	0.49	0.48
INDY	0.54	-0.01	0.05	0.09	0.21	0.19	0.23	0.28	0.28	1.00	0.41	0.47	0.48	0.65	0.44	0.51	0.62
PPH	0.64	-0.03	0.04	0.03	0.31	0.15	0.31	0.38	0.39	0.41	1.00	0.46	0.41	0.44	0.60	0.55	0.61
SCJ	0.59	0.00	0.09	0.10	0.22	0.18	0.24	0.32	0.32	0.47	0.46	1.00	0.51	0.56	0.52	0.54	0.62
PICK	0.60	-0.02	0.06	0.24	0.20	0.37	0.19	0.43	0.30	0.48	0.41	0.51	1.00	0.68	0.43	0.59	0.72
AAXJ	0.67	-0.02	0.05	0.14	0.19	0.25	0.20	0.32	0.32	0.65	0.44	0.56	0.68	1.00	0.47	0.59	0.74
KXI	0.63	0.06	0.14	0.10	0.35	0.21	0.45	0.47	0.46	0.44	0.60	0.52	0.43	0.47	1.00	0.69	0.64
IGF	0.68	0.08	0.17	0.19	0.29	0.32	0.42	0.45	0.49	0.51	0.55	0.54	0.59	0.59	0.69	1.00	0.73
Portfolio	0.66	0.28	0.35	0.50	0.27	0.58	0.40	0.44	0.48	0.62	0.61	0.62	0.72	0.74	0.64	0.73	1.00

The correlation results are calculated based on daily price changes starting from May 31, 2013

Jack update 2024

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Top 10 holdings

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