Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BND Vanguard Total Bond Market ETF | Total Bond Market | 20% |
SPAXX Fidelity Government Money Market Fund | Money Market | 10% |
VTI Vanguard Total Stock Market ETF | Large Cap Blend Equities | 40% |
VXUS Vanguard Total International Stock ETF | Foreign Large Cap Equities | 30% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in 3-Way Bogle w/SPAXX, 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 25, 2021, corresponding to the inception date of SPAXX
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 3-Way Bogle w/SPAXX | -0.10% | -2.22% | -0.25% | 1.83% | 16.62% | 12.86% | — | — |
| Portfolio components: | ||||||||
VTI Vanguard Total Stock Market ETF | 0.16% | -3.26% | -3.13% | -1.24% | 17.86% | 18.10% | 10.66% | 13.75% |
VXUS Vanguard Total International Stock ETF | -0.68% | -2.51% | 2.81% | 6.58% | 28.04% | 15.41% | 7.43% | 9.01% |
BND Vanguard Total Bond Market ETF | 0.22% | -0.98% | 0.31% | 0.85% | 4.27% | 3.53% | 0.30% | 1.70% |
SPAXX Fidelity Government Money Market Fund | 0.00% | 0.00% | 0.53% | 1.46% | 3.49% | 2.14% | — | — |
Monthly Returns
Based on dividend-adjusted daily data since May 26, 2021, 3-Way Bogle w/SPAXX's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, your investment would double in approximately 10.3 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2023 with a return of +7.1%, while the worst month was Sep 2022 at -7.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, 3-Way Bogle w/SPAXX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +6.0%, while the worst single day was Apr 4, 2025 at -4.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.38% | 1.74% | -4.78% | 0.57% | -0.25% | ||||||||
| 2025 | 2.38% | 0.26% | -2.13% | 0.66% | 3.84% | 3.63% | 0.63% | 2.47% | 2.67% | 1.52% | 0.38% | 0.72% | 18.23% |
| 2024 | -0.10% | 2.73% | 2.47% | -2.92% | 3.47% | 1.16% | 2.01% | 1.87% | 1.91% | -2.12% | 2.91% | -2.38% | 11.28% |
| 2023 | 6.03% | -2.80% | 2.47% | 1.11% | -1.11% | 4.00% | 2.61% | -2.25% | -3.41% | -2.37% | 7.11% | 4.39% | 16.15% |
| 2022 | -3.68% | -2.06% | 0.61% | -6.38% | 0.53% | -5.92% | 5.29% | -3.41% | -7.52% | 4.02% | 6.74% | -3.20% | -15.05% |
| 2021 | 0.45% | 1.07% | 0.59% | 1.55% | -3.04% | 3.54% | -1.83% | 2.55% | 4.81% |
Benchmark Metrics
3-Way Bogle w/SPAXX has an annualized alpha of 0.00%, beta of 0.65, and R² of 0.91 versus S&P 500 Index. Calculated based on daily prices since May 26, 2021.
- This portfolio participated in 74.62% of S&P 500 Index downside but only 64.51% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.65 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
- 0.00%
- Beta
- 0.65
- R²
- 0.91
- Upside Capture
- 64.51%
- Downside Capture
- 74.62%
Expense Ratio
3-Way Bogle w/SPAXX has an expense ratio of 0.03%, 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
3-Way Bogle w/SPAXX ranks 60 for risk / return — better than 60% 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.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 0.88 | +0.47 |
Sortino ratioReturn per unit of downside risk | 1.98 | 1.37 | +0.62 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.39 | +0.62 |
Martin ratioReturn relative to average drawdown | 8.87 | 6.43 | +2.43 |
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 | |
|---|---|---|---|---|---|---|
VTI Vanguard Total Stock Market ETF | 54 | 0.94 | 1.47 | 1.22 | 1.53 | 7.16 |
VXUS Vanguard Total International Stock ETF | 80 | 1.63 | 2.25 | 1.33 | 2.52 | 9.49 |
BND Vanguard Total Bond Market ETF | 48 | 1.00 | 1.42 | 1.18 | 1.71 | 4.64 |
SPAXX Fidelity Government Money Market Fund | — | 3.48 | — | — | — | — |
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Dividends
Dividend yield
3-Way Bogle w/SPAXX provided a 2.48% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.48% | 2.56% | 2.40% | 2.21% | 2.11% | 1.84% | 1.69% | 2.17% | 2.33% | 2.01% | 2.15% | 2.16% |
| Portfolio components: | ||||||||||||
VTI Vanguard Total Stock Market ETF | 1.16% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
VXUS Vanguard Total International Stock ETF | 2.95% | 3.18% | 3.37% | 3.24% | 3.09% | 3.10% | 2.14% | 3.06% | 3.18% | 2.73% | 2.93% | 2.83% |
BND Vanguard Total Bond Market ETF | 3.92% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
SPAXX Fidelity Government Money Market Fund | 3.42% | 3.88% | 1.53% | 0.41% | 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 3-Way Bogle w/SPAXX. 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 3-Way Bogle w/SPAXX was 22.07%, occurring on Oct 14, 2022. Recovery took 339 trading sessions.
The current 3-Way Bogle w/SPAXX drawdown is 4.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.07% | Nov 9, 2021 | 235 | Oct 14, 2022 | 339 | Feb 22, 2024 | 574 |
| -11.18% | Feb 19, 2025 | 35 | Apr 8, 2025 | 26 | May 15, 2025 | 61 |
| -7.22% | Feb 26, 2026 | 23 | Mar 30, 2026 | — | — | — |
| -5.31% | Jul 17, 2024 | 14 | Aug 5, 2024 | 12 | Aug 21, 2024 | 26 |
| -4.04% | Dec 9, 2024 | 23 | Jan 13, 2025 | 22 | Feb 13, 2025 | 45 |
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 4 assets, with an effective number of assets of 3.33, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | SPAXX | BND | VXUS | VTI | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.00 | 0.17 | 0.76 | 0.99 | 0.94 |
| SPAXX | 0.00 | 1.00 | 0.01 | -0.04 | -0.00 | -0.01 |
| BND | 0.17 | 0.01 | 1.00 | 0.22 | 0.17 | 0.29 |
| VXUS | 0.76 | -0.04 | 0.22 | 1.00 | 0.78 | 0.92 |
| VTI | 0.99 | -0.00 | 0.17 | 0.78 | 1.00 | 0.95 |
| Portfolio | 0.94 | -0.01 | 0.29 | 0.92 | 0.95 | 1.00 |