MS 2026

Asset Allocation

Position	Category/Sector	Target Weight
AAPL Apple Inc	Technology	3.10%
AMZN Amazon.com, Inc	Consumer Cyclical	2.50%
AVGO Broadcom Inc.	Technology	5.60%
DXJ WisdomTree Japan Hedged Equity Fund	Japan Equities	11.70%
EQWL Invesco S&P 100 Equal Weight ETF	Large Cap Blend Equities	9.60%
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	Emerging Markets Equities	8.30%
GOOGL Alphabet Inc Class A	Communication Services	2.90%
MSFT Microsoft Corporation	Technology	9%
NVDA NVIDIA Corporation	Technology	5.50%
TSM Taiwan Semiconductor Manufacturing Company Limited	Technology	3%
VIGI Vanguard International Dividend Appreciation ETF	Foreign Large Cap Equities, Dividend	8.60%
VOO Vanguard S&P 500 ETF	S&P 500	9.70%
VUG Vanguard Growth ETF	Large Cap Growth Equities	8.10%
VXUS Vanguard Total International Stock ETF	Foreign Large Cap Equities	8.10%
XLF Financial Select Sector SPDR Fund	Financials Equities	4.30%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in MS 2026, 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 Mar 2, 2016, corresponding to the inception date of VIGI

Returns By Period

As of Apr 4, 2026, the MS 2026 returned -2.65% Year-To-Date and 20.97% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.63%	-3.84%	-1.98%	29.73%	16.86%	10.37%	12.29%
Portfolio MS 2026	0.02%	-2.67%	-2.65%	0.60%	44.51%	27.96%	18.80%	20.97%
Portfolio components:
VXUS Vanguard Total International Stock ETF	-0.68%	-1.47%	2.81%	5.79%	39.16%	15.41%	7.43%	9.01%
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	0.03%	0.34%	5.80%	8.85%	39.42%	18.68%	9.45%	10.44%
VIGI Vanguard International Dividend Appreciation ETF	-0.38%	-1.85%	-1.75%	-0.92%	18.44%	8.66%	4.48%	7.77%
DXJ WisdomTree Japan Hedged Equity Fund	-0.57%	1.63%	11.84%	24.73%	70.46%	34.98%	24.74%	17.53%
VOO Vanguard S&P 500 ETF	0.11%	-3.50%	-3.55%	-1.41%	31.08%	18.47%	11.96%	14.19%
EQWL Invesco S&P 100 Equal Weight ETF	0.17%	-3.72%	-1.68%	1.08%	26.04%	16.06%	11.02%	13.63%
MSFT Microsoft Corporation	1.11%	-9.06%	-22.60%	-27.51%	4.58%	10.00%	9.94%	22.58%
VUG Vanguard Growth ETF	0.11%	-4.69%	-9.29%	-7.99%	32.91%	21.67%	11.69%	16.20%
AVGO Broadcom Inc.	0.34%	-5.28%	-8.93%	-6.67%	116.76%	72.07%	48.84%	38.50%
NVDA NVIDIA Corporation	0.93%	-3.24%	-4.88%	-5.44%	88.14%	85.17%	66.71%	70.07%

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

Monthly Returns

Based on dividend-adjusted daily data since Mar 3, 2016, MS 2026's average daily return is +0.08%, while the average monthly return is +1.71%. At this rate, your investment would double in approximately 3.4 years.

Historically, 74% of months were positive and 26% were negative. The best month was Nov 2020 with a return of +11.1%, while the worst month was Mar 2020 at -10.9%. The longest winning streak lasted 19 consecutive months, and the longest losing streak was 3 months.

On a daily basis, MS 2026 closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +9.9%, while the worst single day was Mar 16, 2020 at -12.5%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	1.39%	0.70%	-5.53%	0.93%									-2.65%
2025	1.27%	-1.73%	-4.34%	1.28%	8.86%	6.23%	3.06%	2.04%	4.57%	3.83%	0.42%	0.07%	27.94%
2024	3.62%	6.60%	4.01%	-2.49%	5.70%	5.22%	-0.18%	1.48%	2.30%	-0.71%	2.78%	1.88%	34.24%
2023	9.52%	-0.90%	6.45%	1.83%	5.27%	6.42%	3.44%	-1.42%	-4.27%	-1.18%	9.15%	4.64%	45.22%
2022	-4.66%	-3.04%	2.77%	-9.67%	0.47%	-7.98%	8.22%	-4.66%	-9.95%	4.45%	10.04%	-5.50%	-19.94%
2021	0.82%	3.04%	2.71%	4.06%	1.89%	3.70%	0.84%	3.96%	-3.45%	6.68%	0.44%	3.68%	31.93%

Benchmark Metrics

MS 2026 has an annualized alpha of 7.62%, beta of 1.03, and R² of 0.92 versus S&P 500 Index. Calculated based on daily prices since March 03, 2016.

This portfolio captured 120.10% of S&P 500 Index gains but only 82.95% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 7.62% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 1.03 and R² of 0.92, 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: 7.62%

Beta: 1.03

R²: 0.92

Upside Capture: 120.10%

Downside Capture: 82.95%

Expense Ratio

MS 2026 has an expense ratio of 0.14%, 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.

DXJ

WisdomTree Japan Hedged Equity Fund

FNDE

Schwab Fundamental Emerging Markets Large Company Index ETF

EQWL

Invesco S&P 100 Equal Weight ETF

VIGI

Vanguard International Dividend Appreciation ETF

XLF

Financial Select Sector SPDR Fund

VXUS

Vanguard Total International Stock ETF

VOO

Vanguard S&P 500 ETF

VUG

Vanguard Growth ETF

Return for Risk

Risk / Return Rank

MS 2026 ranks 74 for risk / return — better than 74% 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.

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	1.53	0.88	+0.65
Sortino ratio Return per unit of downside risk	2.24	1.37	+0.87
Omega ratio Gain probability vs. loss probability	1.34	1.21	+0.13
Calmar ratio Return relative to maximum drawdown	2.56	1.39	+1.17
Martin ratio Return relative to average drawdown	11.31	6.43	+4.88
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
VXUS Vanguard Total International Stock ETF	78	1.63	2.25	1.33	2.52	9.49
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	76	1.63	2.20	1.33	2.11	9.26
VIGI Vanguard International Dividend Appreciation ETF	30	0.65	1.00	1.13	0.95	3.51
DXJ WisdomTree Japan Hedged Equity Fund	92	2.18	2.82	1.44	3.95	15.29
VOO Vanguard S&P 500 ETF	53	0.98	1.49	1.23	1.53	7.13
EQWL Invesco S&P 100 Equal Weight ETF	43	0.85	1.29	1.19	1.25	5.65
MSFT Microsoft Corporation	34	-0.06	0.11	1.01	-0.05	-0.12
VUG Vanguard Growth ETF	38	0.78	1.27	1.18	1.13	3.90
AVGO Broadcom Inc.	84	1.76	2.49	1.32	3.08	7.50
NVDA NVIDIA Corporation	81	1.47	2.17	1.27	3.02	7.54

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.

MS 2026 Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 1.53
5-Year: 1.03
10-Year: 1.09
All Time: 1.11

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 0.99 to 1.69, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of MS 2026 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

MS 2026 provided a 1.46% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.46%	1.45%	1.82%	1.91%	2.12%	2.16%	1.60%	1.98%	2.14%	1.67%	2.56%	2.16%
Portfolio components:
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%
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	3.96%	4.19%	4.82%	4.74%	5.59%	4.32%	2.50%	3.47%	2.98%	2.05%	1.65%	2.02%
VIGI Vanguard International Dividend Appreciation ETF	2.24%	2.14%	1.93%	1.92%	2.06%	7.02%	1.29%	1.83%	1.99%	1.75%	1.05%	0.00%
DXJ WisdomTree Japan Hedged Equity Fund	1.16%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
VOO Vanguard S&P 500 ETF	1.18%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%
EQWL Invesco S&P 100 Equal Weight ETF	1.70%	1.67%	1.86%	1.97%	2.12%	1.65%	2.01%	2.04%	2.23%	1.27%	2.01%	2.03%
MSFT Microsoft Corporation	0.93%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
VUG Vanguard Growth ETF	0.45%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%
AVGO Broadcom Inc.	0.79%	0.70%	0.94%	1.71%	3.02%	2.24%	3.05%	3.54%	3.11%	1.87%	1.43%	1.13%
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%

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 MS 2026. 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 MS 2026 was 31.08%, occurring on Mar 23, 2020. Recovery took 76 trading sessions.

The current MS 2026 drawdown is 6.11%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-31.08%	Feb 20, 2020	23	Mar 23, 2020	76	Jul 10, 2020	99
-27.82%	Dec 28, 2021	202	Oct 14, 2022	158	Jun 2, 2023	360
-20.34%	Oct 2, 2018	58	Dec 24, 2018	81	Apr 23, 2019	139
-18.11%	Jan 27, 2025	51	Apr 8, 2025	25	May 14, 2025	76
-12.21%	Jul 11, 2024	18	Aug 5, 2024	37	Sep 26, 2024	55

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 15 assets, with an effective number of assets of 12.63, 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.

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	DXJ	XLF	AMZN	NVDA	TSM	AAPL	AVGO	FNDE	GOOGL	MSFT	VIGI	EQWL	VXUS	VUG	VOO	Portfolio
Benchmark	1.00	0.63	0.74	0.64	0.64	0.60	0.68	0.66	0.64	0.69	0.74	0.76	0.87	0.79	0.93	1.00	0.94
DXJ	0.63	1.00	0.60	0.37	0.38	0.44	0.40	0.43	0.53	0.43	0.41	0.61	0.62	0.67	0.55	0.63	0.69
XLF	0.74	0.60	1.00	0.34	0.34	0.38	0.40	0.39	0.51	0.40	0.41	0.58	0.80	0.63	0.56	0.74	0.64
AMZN	0.64	0.37	0.34	1.00	0.56	0.46	0.56	0.48	0.41	0.65	0.66	0.48	0.48	0.49	0.74	0.64	0.68
NVDA	0.64	0.38	0.34	0.56	1.00	0.62	0.51	0.62	0.42	0.52	0.59	0.46	0.47	0.49	0.73	0.63	0.75
TSM	0.60	0.44	0.38	0.46	0.62	1.00	0.47	0.62	0.58	0.48	0.50	0.55	0.48	0.60	0.63	0.60	0.72
AAPL	0.68	0.40	0.40	0.56	0.51	0.47	1.00	0.52	0.44	0.58	0.60	0.51	0.53	0.52	0.73	0.68	0.69
AVGO	0.66	0.43	0.39	0.48	0.62	0.62	0.52	1.00	0.46	0.49	0.56	0.50	0.53	0.54	0.69	0.65	0.75
FNDE	0.64	0.53	0.51	0.41	0.42	0.58	0.44	0.46	1.00	0.46	0.43	0.75	0.61	0.86	0.58	0.64	0.72
GOOGL	0.69	0.43	0.40	0.65	0.52	0.48	0.58	0.49	0.46	1.00	0.67	0.52	0.52	0.54	0.75	0.69	0.71
MSFT	0.74	0.41	0.41	0.66	0.59	0.50	0.60	0.56	0.43	0.67	1.00	0.55	0.54	0.53	0.81	0.73	0.77
VIGI	0.76	0.61	0.58	0.48	0.46	0.55	0.51	0.50	0.75	0.52	0.55	1.00	0.73	0.93	0.70	0.76	0.80
EQWL	0.87	0.62	0.80	0.48	0.47	0.48	0.53	0.53	0.61	0.52	0.54	0.73	1.00	0.75	0.73	0.87	0.79
VXUS	0.79	0.67	0.63	0.49	0.49	0.60	0.52	0.54	0.86	0.54	0.53	0.93	0.75	1.00	0.71	0.79	0.84
VUG	0.93	0.55	0.56	0.74	0.73	0.63	0.73	0.69	0.58	0.75	0.81	0.70	0.73	0.71	1.00	0.93	0.93
VOO	1.00	0.63	0.74	0.64	0.63	0.60	0.68	0.65	0.64	0.69	0.73	0.76	0.87	0.79	0.93	1.00	0.93
Portfolio	0.94	0.69	0.64	0.68	0.75	0.72	0.69	0.75	0.72	0.71	0.77	0.80	0.79	0.84	0.93	0.93	1.00

The correlation results are calculated based on daily price changes starting from Mar 3, 2016

MS 2026

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

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