A & D Optimized

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

A & D Optimized

Currency in USD · Last updated May 23, 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

S&P 500

Rebalance

Performance

Performance Chart

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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	-1.34%	7.94%	-2.79%	10.16%	14.45%	10.68%
A & D Optimized	31.08%	20.46%	22.02%	62.05%	40.91%	N/A
Portfolio components:
ATRO Astronics Corporation	89.16%	47.56%	75.32%	47.05%	27.39%	-4.09%
TGI Triumph Group, Inc.	37.62%	2.39%	33.26%	93.67%	35.85%	-8.95%
BWXT BWX Technologies, Inc.	7.80%	14.45%	-9.64%	37.54%	17.45%	19.11%
WWD Woodward, Inc.	26.91%	21.04%	19.97%	16.56%	28.57%	15.76%
DCO Ducommun Incorporated	6.41%	21.16%	2.20%	17.10%	17.17%	10.80%
CW Curtiss-Wright Corporation	20.81%	30.91%	15.61%	52.55%	36.50%	20.25%
AXON Axon Enterprise, Inc.	23.06%	26.78%	14.82%	161.21%	58.07%	37.04%
SPR Spirit AeroSystems Holdings, Inc.	8.92%	6.42%	14.22%	23.00%	12.19%	-3.32%
TXT Textron Inc.	-4.64%	10.10%	-14.55%	-16.82%	22.21%	4.94%
HWM Howmet Aerospace Inc.	51.16%	27.37%	39.58%	100.91%	68.32%	N/A
TDG TransDigm Group Incorporated	12.96%	5.88%	13.58%	13.58%	33.45%	25.18%
KTOS Kratos Defense & Security Solutions, Inc.	36.50%	9.25%	35.22%	69.86%	16.86%	20.78%
LHX L3Harris Technologies, Inc.	13.56%	9.79%	-3.78%	8.63%	7.82%	13.79%
HEI HEICO Corporation	12.80%	10.44%	-3.89%	24.30%	23.47%	24.48%
AIR AAR Corp.	-2.48%	15.46%	-13.49%	-14.74%	27.24%	7.63%
GD General Dynamics Corporation	5.41%	3.39%	-1.44%	-5.41%	17.39%	9.57%
GE General Electric Company	39.83%	20.19%	28.96%	41.80%	49.45%	7.39%

*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	8.71%	-0.68%	0.70%	5.43%	14.35%								31.08%
2024	-0.20%	11.87%	3.52%	-1.24%	9.41%	-2.23%	7.25%	4.33%	2.15%	-0.02%	16.47%	-6.86%	51.38%
2023	12.10%	2.85%	0.88%	-0.29%	-2.08%	13.85%	1.53%	-0.01%	-5.89%	0.84%	13.17%	8.43%	52.85%
2022	-4.30%	14.41%	-0.87%	-11.37%	-2.65%	-7.12%	12.51%	-5.26%	-11.07%	15.91%	7.18%	-0.57%	1.85%
2021	-4.20%	10.05%	5.96%	1.95%	0.96%	2.43%	-1.88%	-4.14%	-1.49%	0.41%	-8.44%	6.00%	6.34%
2020	0.42%	-9.95%	-31.52%	2.47%	8.16%	6.77%	-6.82%	10.41%	-4.19%	-0.53%	35.75%	9.49%	6.81%
2019	15.60%	9.21%	-3.51%	8.33%	2.95%	8.04%	1.69%	-3.46%	-0.99%	0.07%	11.24%	-0.92%	57.33%
2018	6.53%	-1.42%	0.36%	-2.66%	8.58%	-1.09%	11.22%	0.88%	2.24%	-11.76%	-3.29%	-10.40%	-3.37%
2017	3.76%	8.92%	-5.63%	3.57%	3.69%	-1.41%	2.17%	0.92%	4.02%	3.88%	3.14%	0.94%	30.97%
2016										0.34%	-5.27%	-3.30%	-8.09%

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.

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
ATRO Astronics Corporation	0.88	1.40	1.19	0.60	2.11
TGI Triumph Group, Inc.	1.69	2.42	1.39	1.10	6.07
BWXT BWX Technologies, Inc.	1.07	1.56	1.22	1.11	2.71
WWD Woodward, Inc.	0.47	0.78	1.12	0.83	1.82
DCO Ducommun Incorporated	0.55	0.96	1.12	0.71	1.84
CW Curtiss-Wright Corporation	1.59	1.97	1.30	1.86	5.41
AXON Axon Enterprise, Inc.	2.89	3.65	1.56	5.12	13.38
SPR Spirit AeroSystems Holdings, Inc.	0.82	1.10	1.16	0.27	2.50
TXT Textron Inc.	-0.60	-0.74	0.90	-0.48	-1.13
HWM Howmet Aerospace Inc.	2.64	3.15	1.44	0.95	18.08
TDG TransDigm Group Incorporated	0.49	0.79	1.10	1.02	2.07
KTOS Kratos Defense & Security Solutions, Inc.	1.60	2.16	1.26	1.61	7.13
LHX L3Harris Technologies, Inc.	0.39	0.64	1.08	0.29	0.58
HEI HEICO Corporation	0.85	1.37	1.18	1.13	2.86
AIR AAR Corp.	-0.37	-0.33	0.95	-0.46	-1.04
GD General Dynamics Corporation	-0.24	-0.20	0.97	-0.25	-0.51
GE General Electric Company	1.23	1.79	1.27	2.13	6.64

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.

A & D Optimized Sharpe ratios as of May 23, 2025 (values are recalculated daily):

1-Year: 2.31
5-Year: 1.50
All Time: 0.83

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 0.47 to 0.99, 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 A & D Optimized compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend yield

A & D Optimized provided a 0.68% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	0.68%	0.76%	0.60%	0.60%	0.34%	0.31%	1.31%	0.71%	1.16%	1.26%	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.	0.82%	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.	0.50%	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	0.20%	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.	0.11%	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.	0.22%	0.24%	0.31%	0.25%	0.13%	0.05%	0.30%	1.09%	0.68%	0.37%	0.00%	0.00%
TDG TransDigm Group Incorporated	5.24%	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.	1.97%	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	0.08%	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	2.10%	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	0.52%	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.

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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 52.19%, occurring on Mar 18, 2020. Recovery took 207 trading sessions.

The current A & D Optimized drawdown is 2.01%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-52.19%	Feb 20, 2020	20	Mar 18, 2020	207	Jan 12, 2021	227
-29.15%	Sep 19, 2018	67	Dec 24, 2018	89	May 3, 2019	156
-26.76%	Jun 15, 2021	328	Sep 30, 2022	80	Jan 26, 2023	408
-17.24%	Oct 25, 2016	8	Nov 3, 2016	64	Feb 7, 2017	72
-15.03%	Mar 26, 2025	8	Apr 4, 2025	18	May 1, 2025	26

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 17 assets, with an effective number of assets of 11.15, 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	AXON	LHX	GE	KTOS	ATRO	BWXT	SPR	DCO	GD	TGI	HEI	TDG	AIR	WWD	HWM	TXT	CW	Portfolio
^GSPC	1.00	0.47	0.38	0.48	0.45	0.44	0.50	0.44	0.45	0.50	0.46	0.53	0.58	0.52	0.58	0.58	0.62	0.57	0.68
AXON	0.47	1.00	0.21	0.29	0.34	0.29	0.32	0.26	0.31	0.25	0.27	0.36	0.36	0.31	0.35	0.36	0.34	0.32	0.59
LHX	0.38	0.21	1.00	0.25	0.39	0.32	0.45	0.33	0.36	0.61	0.34	0.47	0.41	0.39	0.37	0.39	0.45	0.49	0.50
GE	0.48	0.29	0.25	1.00	0.32	0.39	0.37	0.42	0.38	0.39	0.44	0.40	0.45	0.44	0.51	0.52	0.51	0.46	0.57
KTOS	0.45	0.34	0.39	0.32	1.00	0.41	0.44	0.40	0.45	0.42	0.42	0.46	0.43	0.46	0.44	0.44	0.46	0.46	0.64
ATRO	0.44	0.29	0.32	0.39	0.41	1.00	0.39	0.46	0.50	0.40	0.51	0.45	0.46	0.52	0.52	0.49	0.50	0.50	0.69
BWXT	0.50	0.32	0.45	0.37	0.44	0.39	1.00	0.39	0.41	0.49	0.42	0.48	0.46	0.47	0.49	0.48	0.49	0.56	0.65
SPR	0.44	0.26	0.33	0.42	0.40	0.46	0.39	1.00	0.44	0.42	0.59	0.45	0.49	0.51	0.50	0.55	0.51	0.49	0.63
DCO	0.45	0.31	0.36	0.38	0.45	0.50	0.41	0.44	1.00	0.45	0.51	0.48	0.44	0.54	0.51	0.49	0.51	0.52	0.64
GD	0.50	0.25	0.61	0.39	0.42	0.40	0.49	0.42	0.45	1.00	0.42	0.54	0.49	0.50	0.49	0.49	0.62	0.59	0.60
TGI	0.46	0.27	0.34	0.44	0.42	0.51	0.42	0.59	0.51	0.42	1.00	0.46	0.52	0.58	0.53	0.54	0.53	0.52	0.70
HEI	0.53	0.36	0.47	0.40	0.46	0.45	0.48	0.45	0.48	0.54	0.46	1.00	0.63	0.57	0.56	0.54	0.55	0.58	0.70
TDG	0.58	0.36	0.41	0.45	0.43	0.46	0.46	0.49	0.44	0.49	0.52	0.63	1.00	0.53	0.57	0.59	0.56	0.57	0.72
AIR	0.52	0.31	0.39	0.44	0.46	0.52	0.47	0.51	0.54	0.50	0.58	0.57	0.53	1.00	0.59	0.58	0.59	0.59	0.71
WWD	0.58	0.35	0.37	0.51	0.44	0.52	0.49	0.50	0.51	0.49	0.53	0.56	0.57	0.59	1.00	0.63	0.61	0.62	0.75
HWM	0.58	0.36	0.39	0.52	0.44	0.49	0.48	0.55	0.49	0.49	0.54	0.54	0.59	0.58	0.63	1.00	0.60	0.61	0.79
TXT	0.62	0.34	0.45	0.51	0.46	0.50	0.49	0.51	0.51	0.62	0.53	0.55	0.56	0.59	0.61	0.60	1.00	0.61	0.70
CW	0.57	0.32	0.49	0.46	0.46	0.50	0.56	0.49	0.52	0.59	0.52	0.58	0.57	0.59	0.62	0.61	0.61	1.00	0.74
Portfolio	0.68	0.59	0.50	0.57	0.64	0.69	0.65	0.63	0.64	0.60	0.70	0.70	0.72	0.71	0.75	0.79	0.70	0.74	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

Diversification Metrics

Number of Effective Assets

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

Portfolios

Screeners

Community