Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Live Rebalance (4/21/25), 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 when any position deviates by more than 0.0% from its target allocation.
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The earliest data available for this chart is Sep 12, 2023, corresponding to the inception date of TKO
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | -0.11% | 0.61% | -0.42% | 4.03% | 29.40% | 18.38% | 10.55% | 12.70% |
Portfolio Live Rebalance (4/21/25) | -0.54% | -3.46% | 1.41% | 0.64% | 19.12% | — | — | — |
| Portfolio components: | ||||||||
PGR The Progressive Corporation | -2.88% | -3.47% | -9.29% | -13.93% | -24.32% | 12.65% | 17.81% | 22.12% |
CBOE Cboe Global Markets, Inc. | 0.38% | 4.21% | 18.20% | 21.58% | 42.49% | 31.84% | 25.92% | 18.10% |
LLY Eli Lilly and Company | -1.65% | -6.04% | -12.44% | 13.07% | 31.28% | 38.18% | 39.87% | 31.00% |
MCK McKesson Corporation | -0.90% | -7.35% | 5.61% | 13.57% | 27.92% | 33.83% | 36.07% | 18.99% |
KR The Kroger Co. | -3.35% | -5.82% | 9.36% | 1.35% | 2.18% | 14.84% | 14.88% | 8.41% |
NVDA NVIDIA Corporation | 2.57% | 1.40% | 1.15% | 3.00% | 75.40% | 90.83% | 67.37% | 71.10% |
RSG Republic Services, Inc. | -1.08% | -3.81% | 1.88% | -4.11% | -9.66% | 18.07% | 17.18% | 18.61% |
COR Cencora Inc. | -0.51% | -8.42% | -4.85% | 1.23% | 15.75% | 25.52% | 24.51% | 17.65% |
PM Philip Morris International Inc. | -0.50% | -2.97% | 0.92% | 1.80% | 9.90% | 22.96% | 17.44% | 9.99% |
TKO TKO Group Holdings Inc. | 0.15% | -1.91% | -5.18% | 6.34% | 37.93% | — | — | — |
Monthly Returns
Based on dividend-adjusted daily data since Sep 13, 2023, Live Rebalance (4/21/25)'s average daily return is +0.09%, while the average monthly return is +2.75%. At this rate, your investment would double in approximately 2.1 years.
Historically, 75% of months were positive and 25% were negative. The best month was Nov 2024 with a return of +13.3%, while the worst month was Mar 2026 at -6.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, Live Rebalance (4/21/25) closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +5.6%, while the worst single day was Apr 4, 2025 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.66% | 6.42% | -6.35% | 0.09% | 1.41% | ||||||||
| 2025 | 6.30% | 4.54% | -0.12% | 4.12% | 2.17% | 3.05% | -0.73% | 1.79% | 3.71% | -2.42% | 2.86% | -1.90% | 25.53% |
| 2024 | 5.36% | 10.93% | 8.30% | -1.58% | 4.14% | 2.72% | 3.37% | 5.97% | 1.08% | 1.87% | 13.25% | -6.04% | 59.97% |
| 2023 | -1.29% | 3.32% | 8.19% | 3.13% | 13.80% |
Benchmark Metrics
Live Rebalance (4/21/25) has an annualized alpha of 24.66%, beta of 0.58, and R² of 0.53 versus S&P 500 Index. Calculated based on daily prices since September 13, 2023.
- This portfolio captured 114.29% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -8.34%) — a profile typical of hedging or uncorrelated assets.
- This portfolio generated an annualized alpha of 24.66% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Beta of 0.58 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
- 24.66%
- Beta
- 0.58
- R²
- 0.53
- Upside Capture
- 114.29%
- Downside Capture
- -8.34%
Expense Ratio
Live Rebalance (4/21/25) 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.
Return for Risk
Risk / Return Rank
Live Rebalance (4/21/25) ranks 17 for risk / return — in the bottom 17% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 2.23 | -0.44 |
Sortino ratioReturn per unit of downside risk | 2.59 | 3.12 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.42 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 4.05 | -3.07 |
Martin ratioReturn relative to average drawdown | 2.97 | 17.91 | -14.94 |
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 | |
|---|---|---|---|---|---|---|
PGR The Progressive Corporation | 7 | -1.09 | -1.46 | 0.83 | -0.70 | -1.11 |
CBOE Cboe Global Markets, Inc. | 81 | 2.00 | 2.66 | 1.33 | 4.24 | 11.45 |
LLY Eli Lilly and Company | 53 | 0.76 | 1.26 | 1.18 | 1.00 | 2.43 |
MCK McKesson Corporation | 64 | 1.00 | 1.71 | 1.22 | 2.37 | 6.08 |
KR The Kroger Co. | 33 | 0.08 | 0.33 | 1.04 | 0.23 | 0.51 |
NVDA NVIDIA Corporation | 83 | 2.19 | 2.75 | 1.34 | 4.75 | 11.78 |
RSG Republic Services, Inc. | 18 | -0.57 | -0.66 | 0.92 | -0.22 | -0.37 |
COR Cencora Inc. | 50 | 0.63 | 0.97 | 1.14 | 1.03 | 2.99 |
PM Philip Morris International Inc. | 41 | 0.40 | 0.66 | 1.09 | 0.55 | 1.13 |
TKO TKO Group Holdings Inc. | 67 | 1.22 | 1.81 | 1.23 | 2.76 | 6.66 |
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Dividends
Dividend yield
Live Rebalance (4/21/25) provided a 1.68% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.68% | 1.20% | 1.11% | 1.50% | 1.39% | 2.00% | 2.11% | 2.29% | 1.93% | 1.57% | 1.93% | 1.94% |
| Portfolio components: | ||||||||||||
PGR The Progressive Corporation | 7.16% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
CBOE Cboe Global Markets, Inc. | 0.94% | 1.08% | 1.21% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% |
LLY Eli Lilly and Company | 0.66% | 0.56% | 0.67% | 0.78% | 1.07% | 1.23% | 1.75% | 1.96% | 1.94% | 2.46% | 2.77% | 2.37% |
MCK McKesson Corporation | 0.37% | 0.37% | 0.47% | 0.50% | 0.54% | 0.72% | 0.95% | 1.16% | 1.32% | 0.80% | 0.80% | 0.53% |
KR The Kroger Co. | 2.02% | 2.14% | 2.00% | 2.41% | 2.11% | 1.72% | 2.14% | 2.07% | 1.93% | 1.79% | 1.30% | 0.94% |
NVDA NVIDIA Corporation | 0.02% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
RSG Republic Services, Inc. | 1.14% | 1.12% | 0.82% | 1.25% | 1.48% | 1.27% | 1.72% | 1.74% | 2.00% | 1.97% | 2.17% | 2.64% |
COR Cencora Inc. | 0.72% | 0.67% | 0.93% | 0.96% | 1.13% | 5.13% | 6.74% | 7.48% | 2.07% | 1.61% | 1.77% | 1.17% |
PM Philip Morris International Inc. | 3.59% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
TKO TKO Group Holdings Inc. | 1.37% | 1.10% | 0.00% | 4.73% | 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 Live Rebalance (4/21/25). 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 Live Rebalance (4/21/25) was 9.31%, occurring on Apr 8, 2025. Recovery took 16 trading sessions.
The current Live Rebalance (4/21/25) drawdown is 6.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.31% | Feb 20, 2025 | 48 | Apr 8, 2025 | 16 | Apr 24, 2025 | 64 |
| -8.07% | Mar 3, 2026 | 27 | Mar 29, 2026 | — | — | — |
| -7.03% | Dec 4, 2024 | 16 | Dec 19, 2024 | 48 | Feb 5, 2025 | 64 |
| -3.99% | Oct 9, 2025 | 26 | Nov 3, 2025 | 74 | Jan 16, 2026 | 100 |
| -3.87% | Jul 23, 2024 | 14 | Aug 5, 2024 | 3 | Aug 8, 2024 | 17 |
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 54 assets, with an effective number of assets of 22.22, 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.