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Normal

Last updated Feb 21, 2024

Asset Allocation


JEPI 70%JEPQ 25%QYLD 5%EquityEquity
PositionCategory/SectorWeight
JEPI
JPMorgan Equity Premium Income ETF
Large Cap Blend Equities, Actively Managed, Dividend

70%

JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
Actively Managed, Large Cap Growth Equities, Dividend

25%

QYLD
Global X NASDAQ 100 Covered Call ETF
Large Cap Growth Equities

5%

Performance

The chart shows the growth of an initial investment of $10,000 in Normal, 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 Quarterly


-5.00%0.00%5.00%10.00%15.00%SeptemberOctoberNovemberDecember2024February
9.36%
13.40%
Normal
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is May 4, 2022, corresponding to the inception date of JEPQ

Returns


Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
N/AN/AN/AN/AN/AN/A
Normal3.42%1.91%9.36%17.13%N/AN/A
JEPI
JPMorgan Equity Premium Income ETF
2.88%1.99%7.43%11.25%N/AN/A
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
4.96%1.98%15.14%33.96%N/AN/A
QYLD
Global X NASDAQ 100 Covered Call ETF
3.21%0.54%7.88%19.66%7.23%7.12%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20242.13%
20232.03%-0.14%-3.13%-0.95%5.40%2.29%

Sharpe Ratio

The current Normal Sharpe ratio is 2.07. A Sharpe ratio higher than 2.0 is considered very good.

-1.000.001.002.003.004.002.07

The Sharpe ratio of Normal lies between the 25th and 75th percentiles. It indicates that the portfolio's risk-adjusted performance is in line with the majority of portfolios. This suggests a balanced approach to risk and return, which might be suitable for a broad range of investors.


Rolling 12-month Sharpe Ratio0.501.001.502.00SeptemberOctoberNovemberDecember2024February
2.07
1.75
Normal
Benchmark (^GSPC)
Portfolio components

Dividend yield

Normal granted a 8.56% dividend yield in the last twelve months.


TTM2023202220212020201920182017201620152014
Normal8.56%8.97%11.20%5.25%4.61%0.49%0.62%0.38%0.46%0.47%0.54%
JEPI
JPMorgan Equity Premium Income ETF
7.95%8.40%11.68%6.59%5.79%0.00%0.00%0.00%0.00%0.00%0.00%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
9.42%10.02%9.44%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QYLD
Global X NASDAQ 100 Covered Call ETF
12.71%11.78%13.26%12.85%11.16%9.84%12.44%7.69%9.15%9.42%10.74%

Expense Ratio

The Normal has a high expense ratio of 0.36%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


0.60%
0.00%2.15%
0.35%
0.00%2.15%

Risk-Adjusted Performance

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
JEPI
JPMorgan Equity Premium Income ETF
1.41
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
3.07
QYLD
Global X NASDAQ 100 Covered Call ETF
2.07

Asset Correlations Table

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

JEPIQYLDJEPQ
JEPI1.000.690.73
QYLD0.691.000.91
JEPQ0.730.911.00

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2024February
-0.45%
-1.08%
Normal
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Normal. 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 Normal was 12.15%, occurring on Oct 12, 2022. Recovery took 117 trading sessions.

The current Normal drawdown is 0.45%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-12.15%May 5, 2022111Oct 12, 2022117Mar 31, 2023228
-6.44%Sep 15, 202331Oct 27, 202317Nov 21, 202348
-2.66%Aug 1, 202314Aug 18, 202315Sep 11, 202329
-1.52%May 2, 20233May 4, 20237May 15, 202310
-1.51%May 19, 20234May 24, 20236Jun 2, 202310

Volatility Chart

The current Normal volatility is 1.69%, 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.


1.00%2.00%3.00%4.00%5.00%SeptemberOctoberNovemberDecember2024February
1.69%
3.37%
Normal
Benchmark (^GSPC)
Portfolio components
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