Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
APLY YieldMax AAPL Option Income Strategy ETF | Options Trading | 25% |
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | Dividend, S&P 500 | 25% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | Derivative Income | 25% |
QUSA VistaShares Target 15™ USA Quality Income ETF | Derivative Income | 25% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in experiment, 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 6, 2025, corresponding to the inception date of QUSA
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -4.18% | -3.84% | -1.98% | 21.98% | 16.86% | 10.37% | 12.29% |
Portfolio experiment | -0.35% | -5.29% | -6.23% | -17.71% | — | — | — | — |
| Portfolio components: | ||||||||
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 0.24% | -3.47% | -2.34% | 0.46% | 22.22% | — | — | — |
QUSA VistaShares Target 15™ USA Quality Income ETF | 0.04% | -3.36% | -0.67% | -4.79% | — | — | — | — |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -1.82% | -13.17% | -16.31% | -58.02% | -49.73% | — | — | — |
APLY YieldMax AAPL Option Income Strategy ETF | 0.10% | -1.09% | -5.39% | -1.36% | 19.46% | — | — | — |
Monthly Returns
Based on dividend-adjusted daily data since May 7, 2025, experiment's average daily return is -0.05%, while the average monthly return is -0.96%.
Historically, 33% of months were positive and 67% were negative. The best month was Jun 2025 with a return of +3.6%, while the worst month was Nov 2025 at -6.0%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 7 months.
On a daily basis, experiment closed higher 55% of trading days. The best single day was Feb 6, 2026 with a return of +5.6%, while the worst single day was Feb 5, 2026 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.70% | -2.10% | -3.25% | -0.31% | -6.23% | ||||||||
| 2025 | 1.08% | 3.55% | 0.84% | -0.93% | 1.24% | -2.91% | -5.96% | -2.05% | -5.33% |
Benchmark Metrics
experiment has an annualized alpha of -27.12%, beta of 1.08, and R² of 0.58 versus S&P 500 Index. Calculated based on daily prices since May 07, 2025.
- This portfolio participated in 118.65% of S&P 500 Index downside but only -16.62% of its upside — more exposed to losses than it benefited from rallies.
- This portfolio had an annualized alpha of -27.12% versus S&P 500 Index — delivering less than market exposure alone would predict.
- With beta of 1.08 and R² of 0.58, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -27.12%
- Beta
- 1.08
- R²
- 0.58
- Upside Capture
- -16.62%
- Downside Capture
- 118.65%
Expense Ratio
experiment has an expense ratio of 0.81%, 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.
Return for Risk
Return / Risk — by metrics
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 | |
|---|---|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 56 | 1.00 | 1.52 | 1.25 | 1.52 | 7.84 |
QUSA VistaShares Target 15™ USA Quality Income ETF | — | — | — | — | — | — |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 1 | -0.85 | -1.28 | 0.85 | -0.74 | -1.31 |
APLY YieldMax AAPL Option Income Strategy ETF | 21 | 0.36 | 0.71 | 1.10 | 0.48 | 1.67 |
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Dividends
Dividend yield
experiment provided a 93.35% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Portfolio | 93.35% | 86.40% | 34.24% | 3.94% |
| Portfolio components: | ||||
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 8.64% | 8.01% | 7.45% | 1.40% |
QUSA VistaShares Target 15™ USA Quality Income ETF | 10.79% | 6.61% | 0.00% | 0.00% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 314.69% | 294.61% | 104.56% | 0.00% |
APLY YieldMax AAPL Option Income Strategy ETF | 39.29% | 36.38% | 24.95% | 14.36% |
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 experiment. 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 experiment was 20.14%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current experiment drawdown is 18.19%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.14% | Jul 18, 2025 | 176 | Mar 30, 2026 | — | — | — |
| -4.57% | May 20, 2025 | 4 | May 23, 2025 | 26 | Jul 2, 2025 | 30 |
| -1.16% | May 14, 2025 | 2 | May 15, 2025 | 2 | May 19, 2025 | 4 |
| -0.66% | Jul 7, 2025 | 1 | Jul 7, 2025 | 2 | Jul 9, 2025 | 3 |
| -0.53% | Jul 15, 2025 | 1 | Jul 15, 2025 | 1 | Jul 16, 2025 | 2 |
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 4.00, 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 | APLY | MSTY | QUSA | GPIX | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.53 | 0.45 | 0.68 | 0.99 | 0.71 |
| APLY | 0.53 | 1.00 | 0.16 | 0.31 | 0.53 | 0.51 |
| MSTY | 0.45 | 0.16 | 1.00 | 0.30 | 0.44 | 0.87 |
| QUSA | 0.68 | 0.31 | 0.30 | 1.00 | 0.68 | 0.54 |
| GPIX | 0.99 | 0.53 | 0.44 | 0.68 | 1.00 | 0.72 |
| Portfolio | 0.71 | 0.51 | 0.87 | 0.54 | 0.72 | 1.00 |