A & D Optimized

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

A & D Optimized

Last updated Apr 19, 2025

Asset Allocation

Position	Category/Sector	Target Weight
AIR AAR Corp.	Industrials	3.47%
ATRO Astronics Corporation	Industrials	8.40%
AXON Axon Enterprise, Inc.	Industrials	12.80%
BWXT BWX Technologies, Inc.	Industrials	9.92%
CW Curtiss-Wright Corporation	Industrials	8.56%
DCO Ducommun Incorporated	Industrials	1.29%
GD General Dynamics Corporation		0.10%
GE General Electric Company	Industrials	2.22%
HEI HEICO Corporation	Industrials	5.38%
HWM Howmet Aerospace Inc.	Industrials	15.12%
KTOS Kratos Defense & Security Solutions, Inc.	Industrials	6.52%
LHX L3Harris Technologies, Inc.	Industrials	2.03%
SPR Spirit AeroSystems Holdings, Inc.	Industrials	1.92%
TDG TransDigm Group Incorporated	Industrials	8.57%
TGI Triumph Group, Inc.	Industrials	5.21%
TXT Textron Inc.	Industrials	0.52%
WWD Woodward, Inc.	Industrials	7.97%

Benchmark

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in A & D Optimized, 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.

A & D Optimized

Benchmark (^GSPC)

Portfolio components

The earliest data available for this chart is Aug 2, 2010, corresponding to the inception date of BWXT

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	-10.18%	-6.92%	-9.92%	5.42%	12.98%	9.70%
A & D Optimized	0.43%	-3.51%	12.89%	59.40%	37.24%	N/A
Portfolio components:
ATRO Astronics Corporation	36.34%	-13.24%	14.47%	36.00%	21.94%	-7.59%
TGI Triumph Group, Inc.	32.37%	-2.83%	64.56%	90.88%	28.72%	-8.36%
BWXT BWX Technologies, Inc.	-6.65%	1.14%	-17.46%	12.01%	16.23%	17.60%
WWD Woodward, Inc.	1.80%	-9.58%	2.83%	15.91%	24.89%	13.97%
DCO Ducommun Incorporated	-11.09%	-5.59%	-12.67%	9.16%	18.93%	6.09%
CW Curtiss-Wright Corporation	-10.20%	-3.74%	-12.48%	28.48%	27.38%	16.08%
AXON Axon Enterprise, Inc.	-5.85%	-1.51%	27.73%	88.02%	48.93%	34.31%
SPR Spirit AeroSystems Holdings, Inc.	-1.79%	-4.70%	5.48%	0.97%	8.22%	-4.11%
TXT Textron Inc.	-13.64%	-11.28%	-26.62%	-28.60%	19.13%	4.15%
HWM Howmet Aerospace Inc.	12.76%	-6.63%	16.94%	94.64%	60.84%	N/A
TDG TransDigm Group Incorporated	5.55%	-2.45%	-4.26%	16.38%	34.97%	24.58%
KTOS Kratos Defense & Security Solutions, Inc.	25.44%	1.63%	33.16%	87.90%	17.25%	19.30%
LHX L3Harris Technologies, Inc.	4.34%	2.43%	-11.39%	10.20%	3.50%	12.53%
HEI HEICO Corporation	2.99%	-7.46%	-6.15%	24.57%	24.48%	23.46%
AIR AAR Corp.	-13.82%	-23.22%	-14.78%	-16.21%	23.93%	6.28%
GD General Dynamics Corporation	5.92%	3.60%	-9.53%	-1.20%	17.62%	10.04%
GE General Electric Company	9.20%	-11.57%	-5.29%	19.66%	40.52%	5.13%

*Annualized

Monthly Returns

The table below presents the monthly returns of A & D Optimized, 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	9.55%	-8.45%	-0.99%	1.14%									0.43%
2024	-0.49%	15.38%	2.70%	0.16%	4.19%	-1.37%	6.50%	9.62%	5.35%	1.71%	27.55%	-7.57%	78.97%
2023	11.42%	2.28%	4.97%	-2.10%	-4.93%	9.94%	-0.35%	4.75%	-5.64%	0.73%	12.84%	6.86%	46.43%
2022	-6.54%	10.02%	-0.39%	-12.14%	-3.32%	-7.71%	13.91%	-2.36%	-8.17%	17.66%	11.11%	-3.90%	3.06%
2021	2.88%	5.45%	-0.58%	3.52%	-1.20%	7.58%	-0.03%	-3.42%	-2.62%	1.06%	-6.70%	1.74%	7.04%
2020	2.24%	-8.89%	-28.08%	7.30%	9.63%	7.29%	-6.13%	9.34%	-1.70%	1.78%	25.96%	7.70%	17.80%
2019	13.99%	8.72%	-2.72%	8.50%	5.31%	6.26%	2.74%	-4.23%	-3.00%	-0.60%	11.70%	-1.14%	53.37%
2018	6.81%	-1.51%	-0.04%	-1.89%	10.06%	-1.37%	9.86%	1.05%	2.44%	-11.45%	-5.95%	-8.27%	-2.70%
2017	3.63%	8.30%	-5.49%	3.28%	3.94%	-1.92%	1.89%	2.12%	3.71%	3.15%	1.80%	0.97%	27.77%
2016										1.80%	8.00%	-3.41%	6.19%

Expense Ratio

A & D Optimized 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.

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 96, A & D Optimized is among the top 4% 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.

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.

Sharpe ratio

Portfolio: 1.76

^GSPC: 0.24

Sortino ratio

Portfolio: 2.52

^GSPC: 0.47

Omega ratio

Portfolio: 1.35

^GSPC: 1.07

Calmar ratio

Portfolio: 2.88

^GSPC: 0.24

Martin ratio

Portfolio: 9.37

^GSPC: 1.08

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
ATRO Astronics Corporation	0.59	1.21	1.16	0.47	1.69
TGI Triumph Group, Inc.	1.41	2.56	1.39	1.25	6.86
BWXT BWX Technologies, Inc.	0.33	0.66	1.10	0.36	0.94
WWD Woodward, Inc.	0.40	0.73	1.12	0.74	1.65
DCO Ducommun Incorporated	0.20	0.50	1.06	0.26	0.76
CW Curtiss-Wright Corporation	0.85	1.26	1.19	1.02	3.10
AXON Axon Enterprise, Inc.	1.58	2.56	1.38	2.87	7.22
SPR Spirit AeroSystems Holdings, Inc.	-0.03	0.17	1.02	-0.01	-0.10
TXT Textron Inc.	-1.01	-1.31	0.82	-0.78	-1.91
HWM Howmet Aerospace Inc.	2.30	3.15	1.44	4.79	18.17
TDG TransDigm Group Incorporated	0.57	0.91	1.12	1.21	2.51
KTOS Kratos Defense & Security Solutions, Inc.	1.96	2.66	1.32	1.83	9.61
LHX L3Harris Technologies, Inc.	0.51	0.86	1.11	0.43	0.92
HEI HEICO Corporation	0.83	1.36	1.18	1.11	2.91
AIR AAR Corp.	-0.34	-0.22	0.97	-0.38	-0.97
GD General Dynamics Corporation	-0.05	0.07	1.01	-0.05	-0.12
GE General Electric Company	0.48	0.87	1.12	0.78	2.47

The current A & D Optimized Sharpe ratio is 1.75. 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 0.22 to 0.77, this portfolio's current Sharpe ratio is in the top 25%, it signifies superior risk-adjusted performance. This means that for the level of risk undertaken, the portfolio is generating impressive returns compared to most others.

Use the chart below to compare the Sharpe ratio of A & D Optimized 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.

A & D Optimized

Benchmark (^GSPC)

Portfolio components

Dividends

Dividend yield

A & D Optimized provided a 0.75% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	0.75%	0.76%	0.60%	0.60%	0.34%	0.31%	1.32%	0.76%	1.19%	1.27%	0.40%	1.57%
Portfolio components:
ATRO Astronics Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TGI Triumph Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.32%	0.63%	1.39%	0.59%	0.60%	0.40%	0.24%
BWXT BWX Technologies, Inc.	0.94%	0.86%	1.20%	1.52%	1.75%	1.26%	1.10%	1.67%	0.69%	0.91%	0.83%	1.32%
WWD Woodward, Inc.	0.61%	0.60%	0.65%	0.79%	0.59%	0.43%	0.55%	0.77%	0.65%	0.64%	0.81%	0.65%
DCO Ducommun Incorporated	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CW Curtiss-Wright Corporation	0.26%	0.23%	0.35%	0.45%	0.51%	0.58%	0.47%	0.59%	0.46%	0.53%	0.76%	0.74%
AXON Axon Enterprise, 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%
SPR Spirit AeroSystems Holdings, Inc.	0.00%	0.00%	0.00%	0.10%	0.09%	0.10%	0.66%	0.64%	0.46%	0.17%	0.00%	0.00%
TXT Textron Inc.	0.12%	0.10%	0.10%	0.11%	0.10%	0.17%	0.18%	0.17%	0.14%	0.16%	0.19%	0.19%
HWM Howmet Aerospace Inc.	0.25%	0.24%	0.31%	0.25%	0.13%	0.05%	0.39%	1.42%	0.88%	0.49%	0.00%	0.00%
TDG TransDigm Group Incorporated	5.61%	5.92%	3.46%	2.94%	0.00%	0.00%	11.16%	0.00%	8.01%	9.64%	0.00%	12.73%
KTOS Kratos Defense & Security Solutions, 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%
LHX L3Harris Technologies, Inc.	2.14%	2.21%	2.17%	2.15%	1.91%	1.80%	1.45%	1.86%	1.55%	2.01%	2.23%	2.48%
HEI HEICO Corporation	0.09%	0.09%	0.11%	0.12%	0.12%	0.12%	0.12%	0.14%	0.08%	0.22%	0.28%	1.02%
AIR AAR Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.41%	0.67%	0.80%	0.76%	0.91%	1.14%	1.08%
GD General Dynamics Corporation	2.09%	2.12%	2.01%	2.00%	2.24%	2.90%	2.26%	2.31%	1.61%	1.72%	2.46%	1.76%
GE General Electric Company	0.66%	0.67%	0.25%	0.38%	0.34%	0.37%	0.36%	4.89%	4.81%	2.94%	2.95%	3.52%

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.

A & D Optimized

Benchmark (^GSPC)

Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the A & D Optimized. 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 A & D Optimized was 50.30%, occurring on Mar 18, 2020. Recovery took 174 trading sessions.

The current A & D Optimized drawdown is 7.42%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-50.3%	Feb 20, 2020	20	Mar 18, 2020	174	Nov 23, 2020	194
-32.27%	Feb 12, 2021	339	Jun 16, 2022	152	Jan 25, 2023	491
-29.87%	Sep 17, 2018	69	Dec 24, 2018	89	May 3, 2019	158
-20.19%	Feb 19, 2025	33	Apr 4, 2025	—	—	—
-12.69%	Dec 5, 2024	22	Jan 7, 2025	27	Feb 18, 2025	49

Volatility

Volatility Chart

The current A & D Optimized volatility is 15.80%, 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.

A & D Optimized

Benchmark (^GSPC)

Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	AXON	LHX	GE	KTOS	BWXT	ATRO	SPR	DCO	GD	TGI	TDG	HEI	AIR	HWM	WWD	TXT	CW
AXON	1.00	0.21	0.28	0.34	0.31	0.29	0.26	0.31	0.25	0.27	0.36	0.36	0.31	0.35	0.34	0.34	0.32
LHX	0.21	1.00	0.25	0.39	0.45	0.32	0.33	0.36	0.61	0.34	0.41	0.48	0.39	0.39	0.37	0.46	0.49
GE	0.28	0.25	1.00	0.32	0.37	0.39	0.42	0.38	0.40	0.44	0.45	0.39	0.44	0.52	0.51	0.51	0.46
KTOS	0.34	0.39	0.32	1.00	0.43	0.41	0.41	0.45	0.42	0.43	0.43	0.46	0.46	0.43	0.44	0.46	0.46
BWXT	0.31	0.45	0.37	0.43	1.00	0.39	0.39	0.41	0.49	0.42	0.46	0.48	0.47	0.48	0.49	0.49	0.56
ATRO	0.29	0.32	0.39	0.41	0.39	1.00	0.46	0.50	0.41	0.52	0.46	0.45	0.52	0.49	0.52	0.50	0.50
SPR	0.26	0.33	0.42	0.41	0.39	0.46	1.00	0.44	0.42	0.59	0.49	0.45	0.51	0.54	0.50	0.51	0.49
DCO	0.31	0.36	0.38	0.45	0.41	0.50	0.44	1.00	0.45	0.51	0.45	0.48	0.54	0.49	0.51	0.51	0.52
GD	0.25	0.61	0.40	0.42	0.49	0.41	0.42	0.45	1.00	0.42	0.49	0.54	0.50	0.49	0.50	0.62	0.59
TGI	0.27	0.34	0.44	0.43	0.42	0.52	0.59	0.51	0.42	1.00	0.52	0.47	0.58	0.53	0.54	0.54	0.52
TDG	0.36	0.41	0.45	0.43	0.46	0.46	0.49	0.45	0.49	0.52	1.00	0.63	0.53	0.59	0.57	0.56	0.57
HEI	0.36	0.48	0.39	0.46	0.48	0.45	0.45	0.48	0.54	0.47	0.63	1.00	0.56	0.53	0.56	0.55	0.59
AIR	0.31	0.39	0.44	0.46	0.47	0.52	0.51	0.54	0.50	0.58	0.53	0.56	1.00	0.57	0.59	0.59	0.60
HWM	0.35	0.39	0.52	0.43	0.48	0.49	0.54	0.49	0.49	0.53	0.59	0.53	0.57	1.00	0.63	0.60	0.60
WWD	0.34	0.37	0.51	0.44	0.49	0.52	0.50	0.51	0.50	0.54	0.57	0.56	0.59	0.63	1.00	0.61	0.62
TXT	0.34	0.46	0.51	0.46	0.49	0.50	0.51	0.51	0.62	0.54	0.56	0.55	0.59	0.60	0.61	1.00	0.61
CW	0.32	0.49	0.46	0.46	0.56	0.50	0.49	0.52	0.59	0.52	0.57	0.59	0.60	0.60	0.62	0.61	1.00

The correlation results are calculated based on daily price changes starting from Oct 21, 2016

Performance Analysis

Risk Analysis

Optimization

Factor Model

A & D Optimized

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

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

Portfolios

Screeners

Community