1/2026 Modified

Asset Allocation

Position	Category/Sector	Target Weight
AA Alcoa Corporation	Basic Materials	1%
BND Vanguard Total Bond Market ETF	Total Bond Market	10%
COP ConocoPhillips Company	Energy	1%
COPX Global X Copper Miners ETF	Materials	1%
CVX Chevron Corporation	Energy	1%
E Eni S.p.A.	Energy	0.50%
ED Consolidated Edison, Inc.	Utilities	0.50%
EOG EOG Resources, Inc.	Energy	0.50%
EQNR Equinor ASA	Energy	0.50%
ET Energy Transfer LP	Energy	0.50%
GLD SPDR Gold Shares	Gold, Precious Metals	23%
IMO Imperial Oil Limited	Energy	0.50%
IWM iShares Russell 2000 ETF	Small Cap Blend Equities	6.50%
LNG Cheniere Energy, Inc.	Energy	0.50%
OKE ONEOK, Inc.	Energy	0.50%
OXY Occidental Petroleum Corporation	Energy	0.50%
QQQ Invesco QQQ ETF	Large Cap Growth Equities	10.50%
SGOV iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	10%
SLV iShares Silver Trust	Precious Metals	1%
SUN Sunoco LP	Energy	0.50%
URA Global X Uranium ETF	Commodity Producers Equities	1%
VLO Valero Energy Corporation	Energy	0.50%
VOO Vanguard S&P 500 ETF	S&P 500	0.50%
VTI Vanguard Total Stock Market ETF	Large Cap Blend Equities	5%
VXUS Vanguard Total International Stock ETF	Foreign Large Cap Equities	22%
XOM Exxon Mobil Corporation	Energy	1%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 1/2026 Modified, 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 28, 2020, corresponding to the inception date of SGOV

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 1/2026 Modified	-0.48%	-2.19%	6.28%	11.89%	31.20%	19.53%	12.99%	—
Portfolio components:
XOM Exxon Mobil Corporation	-0.06%	5.84%	34.42%	46.62%	40.06%	15.29%	27.66%	11.56%
CVX Chevron Corporation	0.79%	5.40%	31.83%	32.46%	24.90%	9.95%	18.30%	12.53%
COP ConocoPhillips Company	1.67%	10.12%	40.51%	42.17%	27.23%	9.86%	23.68%	16.34%
AA Alcoa Corporation	-0.74%	12.23%	34.83%	106.26%	134.54%	21.09%	18.41%	—
SUN Sunoco LP	1.06%	2.70%	25.53%	34.29%	17.08%	20.88%	23.35%	17.66%
IMO Imperial Oil Limited	1.22%	9.99%	52.04%	47.90%	81.83%	37.58%	42.60%	18.25%
EQNR Equinor ASA	3.37%	33.60%	79.04%	76.20%	65.54%	22.51%	25.28%	—
ET Energy Transfer LP	-0.47%	0.37%	16.95%	16.27%	7.94%	23.57%	29.01%	20.87%
VLO Valero Energy Corporation	1.09%	12.12%	50.86%	50.05%	88.04%	24.50%	30.97%	18.97%
ED Consolidated Edison, Inc.	1.33%	2.73%	17.13%	20.14%	8.85%	10.40%	13.13%	7.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since May 29, 2020, 1/2026 Modified's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, your investment would double in approximately 4.8 years.

Historically, 69% of months were positive and 31% were negative. The best month was Nov 2020 with a return of +7.9%, while the worst month was Sep 2022 at -6.8%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 3 months.

On a daily basis, 1/2026 Modified closed higher 57% 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 -4.1%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	6.39%	4.48%	-4.67%	0.29%									6.28%
2025	3.25%	0.45%	1.24%	0.76%	3.23%	3.41%	0.44%	3.54%	5.03%	2.15%	1.71%	1.69%	30.34%
2024	-0.88%	1.82%	4.57%	-0.98%	3.23%	0.32%	2.57%	1.27%	2.53%	-0.29%	1.70%	-2.98%	13.37%
2023	6.50%	-3.62%	3.62%	0.82%	-1.36%	2.78%	3.31%	-2.02%	-2.88%	-0.47%	5.44%	3.87%	16.49%
2022	-1.97%	1.64%	2.07%	-5.54%	0.36%	-6.03%	3.99%	-2.58%	-6.80%	3.64%	7.26%	-2.12%	-6.93%
2021	-0.42%	1.88%	1.39%	3.15%	3.28%	-0.81%	0.08%	1.04%	-1.69%	3.42%	-1.79%	2.59%	12.60%

Benchmark Metrics

1/2026 Modified has an annualized alpha of 7.03%, beta of 0.57, and R² of 0.65 versus S&P 500 Index. Calculated based on daily prices since May 29, 2020.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (69.77%) than losses (51.36%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 7.03% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
Beta of 0.57 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: 7.03%

Beta: 0.57

R²: 0.65

Upside Capture: 69.77%

Downside Capture: 51.36%

Expense Ratio

1/2026 Modified has an expense ratio of 0.17%, 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.

Top 10 holdings

URA

Global X Uranium ETF

COPX

Global X Copper Miners ETF

SLV

iShares Silver Trust

GLD

SPDR Gold Shares

IWM

iShares Russell 2000 ETF

QQQ

Invesco QQQ ETF

SGOV

iShares 0-3 Month Treasury Bond ETF

VXUS

Vanguard Total International Stock ETF

VTI

Vanguard Total Stock Market ETF

VOO

Vanguard S&P 500 ETF

Return for Risk

Risk / Return Rank

1/2026 Modified ranks 92 for risk / return — in the top 92% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	2.24	0.88	+1.35
Sortino ratio Return per unit of downside risk	2.93	1.37	+1.57
Omega ratio Gain probability vs. loss probability	1.47	1.21	+0.26
Calmar ratio Return relative to maximum drawdown	3.64	1.39	+2.25
Martin ratio Return relative to average drawdown	14.90	6.43	+8.47
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
XOM Exxon Mobil Corporation	80	1.58	2.06	1.28	2.51	6.57
CVX Chevron Corporation	66	0.98	1.37	1.20	1.19	2.67
COP ConocoPhillips Company	63	0.79	1.23	1.16	1.27	2.45
AA Alcoa Corporation	91	2.37	2.88	1.35	5.22	16.32
SUN Sunoco LP	59	0.68	1.06	1.13	1.16	2.47
IMO Imperial Oil Limited	93	2.80	3.27	1.44	4.61	13.83
EQNR Equinor ASA	84	1.93	2.49	1.32	3.65	5.96
ET Energy Transfer LP	49	0.34	0.63	1.09	0.53	1.46
VLO Valero Energy Corporation	90	2.27	2.76	1.39	4.06	12.02
ED Consolidated Edison, Inc.	51	0.49	0.77	1.09	0.59	0.97

Sharpe Ratio

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.

1/2026 Modified Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 2.24
5-Year: 1.11
All Time: 1.30

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 1.00 to 1.69, 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 1/2026 Modified compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

1/2026 Modified provided a 1.96% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.96%	2.12%	2.26%	2.22%	1.75%	1.51%	1.49%	1.62%	1.68%	1.44%	1.57%	1.59%
Portfolio components:
XOM Exxon Mobil Corporation	2.51%	3.32%	3.57%	3.68%	3.22%	5.70%	8.44%	4.92%	4.74%	3.66%	3.30%	3.69%
CVX Chevron Corporation	3.47%	4.49%	4.50%	4.05%	3.16%	4.52%	6.11%	3.95%	4.12%	3.45%	3.64%	4.76%
COP ConocoPhillips Company	2.48%	3.40%	3.35%	3.37%	4.23%	2.70%	4.23%	2.05%	1.86%	1.93%	1.99%	6.30%
AA Alcoa Corporation	0.56%	0.75%	1.06%	1.18%	0.88%	0.17%	0.00%	0.00%	0.00%	0.00%	0.32%	0.00%
SUN Sunoco LP	5.65%	6.89%	6.74%	5.59%	7.66%	8.09%	11.47%	10.79%	12.14%	11.63%	12.16%	6.78%
IMO Imperial Oil Limited	1.69%	2.40%	2.84%	2.73%	2.30%	2.28%	3.50%	2.41%	2.36%	2.02%	1.70%	1.66%
EQNR Equinor ASA	3.54%	7.66%	12.66%	11.38%	3.30%	2.13%	4.32%	5.07%	3.26%	0.00%	0.00%	0.00%
ET Energy Transfer LP	7.00%	7.97%	6.51%	8.95%	7.33%	7.41%	17.27%	9.51%	9.24%	6.66%	5.90%	7.42%
VLO Valero Energy Corporation	1.88%	2.78%	3.49%	3.14%	3.09%	5.22%	6.93%	3.84%	4.27%	2.34%	3.51%	2.40%
ED Consolidated Edison, Inc.	2.98%	3.42%	3.72%	3.56%	3.32%	3.63%	4.23%	3.27%	3.74%	3.25%	3.64%	4.05%

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 1/2026 Modified. 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 1/2026 Modified was 17.09%, occurring on Sep 26, 2022. Recovery took 198 trading sessions.

The current 1/2026 Modified drawdown is 4.17%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-17.09%	Apr 5, 2022	120	Sep 26, 2022	198	Jul 12, 2023	318
-9.28%	Feb 21, 2025	33	Apr 8, 2025	13	Apr 28, 2025	46
-7.61%	Mar 3, 2026	18	Mar 26, 2026	—	—	—
-6.59%	Aug 1, 2023	46	Oct 4, 2023	41	Dec 1, 2023	87
-6.27%	Sep 3, 2020	14	Sep 23, 2020	35	Nov 11, 2020	49

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 26 assets, with an effective number of assets of 7.14, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

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

	Benchmark	SGOV	ED	BND	GLD	SLV	SUN	QQQ	LNG	URA	VLO	EQNR	AA	ET	COPX	VOO	E	EOG	OXY	IMO	VTI	XOM	COP	CVX	IWM	OKE	VXUS	Portfolio
Benchmark	1.00	-0.02	0.14	0.15	0.13	0.24	0.30	0.92	0.27	0.51	0.29	0.23	0.47	0.39	0.51	1.00	0.35	0.28	0.30	0.32	0.99	0.28	0.30	0.32	0.81	0.44	0.77	0.77
SGOV	-0.02	1.00	-0.01	0.02	0.02	0.00	-0.04	-0.01	-0.04	-0.03	-0.00	-0.02	-0.06	0.01	-0.03	-0.02	-0.03	-0.01	-0.01	-0.05	-0.02	-0.02	-0.02	-0.02	-0.04	0.01	-0.02	-0.02
ED	0.14	-0.01	1.00	0.22	0.12	0.06	0.15	-0.01	0.11	-0.00	0.08	0.08	0.03	0.09	0.03	0.14	0.13	0.08	0.05	0.08	0.12	0.14	0.09	0.14	0.12	0.22	0.12	0.14
BND	0.15	0.02	0.22	1.00	0.31	0.19	0.04	0.17	-0.00	0.03	-0.12	-0.07	0.02	-0.05	0.08	0.15	-0.02	-0.10	-0.09	-0.08	0.16	-0.10	-0.11	-0.10	0.14	-0.00	0.19	0.24
GLD	0.13	0.02	0.12	0.31	1.00	0.77	0.11	0.12	0.08	0.31	0.06	0.19	0.24	0.11	0.44	0.13	0.21	0.13	0.13	0.19	0.13	0.12	0.11	0.12	0.14	0.12	0.33	0.58
SLV	0.24	0.00	0.06	0.19	0.77	1.00	0.18	0.22	0.11	0.38	0.13	0.23	0.34	0.16	0.57	0.24	0.28	0.19	0.19	0.24	0.25	0.19	0.18	0.19	0.24	0.18	0.42	0.61
SUN	0.30	-0.04	0.15	0.04	0.11	0.18	1.00	0.20	0.39	0.25	0.36	0.32	0.27	0.49	0.27	0.30	0.36	0.39	0.37	0.38	0.32	0.41	0.40	0.42	0.36	0.48	0.33	0.38
QQQ	0.92	-0.01	-0.01	0.17	0.12	0.22	0.20	1.00	0.17	0.47	0.14	0.11	0.37	0.26	0.44	0.92	0.21	0.12	0.16	0.16	0.91	0.10	0.13	0.14	0.68	0.27	0.69	0.68
LNG	0.27	-0.04	0.11	-0.00	0.08	0.11	0.39	0.17	1.00	0.29	0.45	0.48	0.32	0.47	0.28	0.27	0.40	0.51	0.49	0.46	0.29	0.50	0.53	0.49	0.33	0.58	0.27	0.37
URA	0.51	-0.03	-0.00	0.03	0.31	0.38	0.25	0.47	0.29	1.00	0.28	0.32	0.44	0.36	0.57	0.51	0.37	0.30	0.32	0.40	0.53	0.30	0.29	0.31	0.53	0.38	0.58	0.65
VLO	0.29	-0.00	0.08	-0.12	0.06	0.13	0.36	0.14	0.45	0.28	1.00	0.52	0.38	0.46	0.32	0.29	0.51	0.63	0.63	0.60	0.31	0.67	0.67	0.68	0.39	0.55	0.31	0.40
EQNR	0.23	-0.02	0.08	-0.07	0.19	0.23	0.32	0.11	0.48	0.32	0.52	1.00	0.40	0.45	0.39	0.23	0.68	0.64	0.64	0.62	0.24	0.67	0.66	0.65	0.30	0.53	0.36	0.45
AA	0.47	-0.06	0.03	0.02	0.24	0.34	0.27	0.37	0.32	0.44	0.38	0.40	1.00	0.40	0.65	0.47	0.45	0.42	0.43	0.45	0.49	0.42	0.41	0.43	0.55	0.43	0.55	0.61
ET	0.39	0.01	0.09	-0.05	0.11	0.16	0.49	0.26	0.47	0.36	0.46	0.45	0.40	1.00	0.35	0.39	0.47	0.54	0.53	0.53	0.41	0.55	0.55	0.54	0.47	0.66	0.38	0.46
COPX	0.51	-0.03	0.03	0.08	0.44	0.57	0.27	0.44	0.28	0.57	0.32	0.39	0.65	0.35	1.00	0.51	0.49	0.37	0.39	0.44	0.53	0.38	0.37	0.39	0.53	0.38	0.72	0.76
VOO	1.00	-0.02	0.14	0.15	0.13	0.24	0.30	0.92	0.27	0.51	0.29	0.23	0.47	0.39	0.51	1.00	0.35	0.28	0.30	0.32	0.99	0.28	0.30	0.32	0.81	0.45	0.78	0.77
E	0.35	-0.03	0.13	-0.02	0.21	0.28	0.36	0.21	0.40	0.37	0.51	0.68	0.45	0.47	0.49	0.35	1.00	0.63	0.64	0.65	0.36	0.67	0.66	0.66	0.41	0.57	0.52	0.55
EOG	0.28	-0.01	0.08	-0.10	0.13	0.19	0.39	0.12	0.51	0.30	0.63	0.64	0.42	0.54	0.37	0.28	0.63	1.00	0.80	0.71	0.30	0.79	0.85	0.79	0.38	0.67	0.32	0.45
OXY	0.30	-0.01	0.05	-0.09	0.13	0.19	0.37	0.16	0.49	0.32	0.63	0.64	0.43	0.53	0.39	0.30	0.64	0.80	1.00	0.69	0.32	0.77	0.81	0.76	0.42	0.65	0.35	0.48
IMO	0.32	-0.05	0.08	-0.08	0.19	0.24	0.38	0.16	0.46	0.40	0.60	0.62	0.45	0.53	0.44	0.32	0.65	0.71	0.69	1.00	0.34	0.72	0.72	0.70	0.42	0.60	0.43	0.52
VTI	0.99	-0.02	0.12	0.16	0.13	0.25	0.32	0.91	0.29	0.53	0.31	0.24	0.49	0.41	0.53	0.99	0.36	0.30	0.32	0.34	1.00	0.30	0.32	0.33	0.86	0.47	0.79	0.79
XOM	0.28	-0.02	0.14	-0.10	0.12	0.19	0.41	0.10	0.50	0.30	0.67	0.67	0.42	0.55	0.38	0.28	0.67	0.79	0.77	0.72	0.30	1.00	0.82	0.87	0.38	0.67	0.33	0.45
COP	0.30	-0.02	0.09	-0.11	0.11	0.18	0.40	0.13	0.53	0.29	0.67	0.66	0.41	0.55	0.37	0.30	0.66	0.85	0.81	0.72	0.32	0.82	1.00	0.83	0.39	0.67	0.33	0.45
CVX	0.32	-0.02	0.14	-0.10	0.12	0.19	0.42	0.14	0.49	0.31	0.68	0.65	0.43	0.54	0.39	0.32	0.66	0.79	0.76	0.70	0.33	0.87	0.83	1.00	0.41	0.67	0.36	0.47
IWM	0.81	-0.04	0.12	0.14	0.14	0.24	0.36	0.68	0.33	0.53	0.39	0.30	0.55	0.47	0.53	0.81	0.41	0.38	0.42	0.42	0.86	0.38	0.39	0.41	1.00	0.54	0.74	0.76
OKE	0.44	0.01	0.22	-0.00	0.12	0.18	0.48	0.27	0.58	0.38	0.55	0.53	0.43	0.66	0.38	0.45	0.57	0.67	0.65	0.60	0.47	0.67	0.67	0.67	0.54	1.00	0.42	0.53
VXUS	0.77	-0.02	0.12	0.19	0.33	0.42	0.33	0.69	0.27	0.58	0.31	0.36	0.55	0.38	0.72	0.78	0.52	0.32	0.35	0.43	0.79	0.33	0.33	0.36	0.74	0.42	1.00	0.88
Portfolio	0.77	-0.02	0.14	0.24	0.58	0.61	0.38	0.68	0.37	0.65	0.40	0.45	0.61	0.46	0.76	0.77	0.55	0.45	0.48	0.52	0.79	0.45	0.45	0.47	0.76	0.53	0.88	1.00

The correlation results are calculated based on daily price changes starting from May 29, 2020

1/2026 Modified

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Top 10 holdings

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table