Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
SCHP Schwab U.S. TIPS ETF | Inflation-Protected Bonds | 44% |
SWVXX Schwab Prime Advantage Money Fund Investor Shares | Money Market | 35% |
SPYM State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 14% |
SPEM SPDR Portfolio Emerging Markets ETF | Emerging Markets Equities | 4% |
GXC SPDR S&P China ETF | China Equities, Asia Pacific Equities | 3% |
Find the right asset allocation for All Weather 2026
Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio OptimizerPerformance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in All Weather 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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Returns By Period
| Position | 1D | 1M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | ALL TIME* |
|---|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | -0.19% | -0.76% | 7.25% | 8.73% | 18.21% | 17.95% | 11.30% | 13.09% | 8.08% |
Portfolio All Weather 2026 | -0.05% | -0.29% | 2.08% | 2.66% | 6.30% | 6.85% | 3.45% | — | 3.63% |
| Portfolio components: | |||||||||
GXC SPDR S&P China ETF | 1.87% | 0.03% | -11.66% | -7.16% | -0.19% | 9.25% | -4.10% | 4.30% | 4.81% |
SCHP Schwab U.S. TIPS ETF | -0.19% | -0.22% | 0.89% | 1.00% | 3.05% | 3.68% | 0.68% | 2.47% | 2.76% |
SPEM SPDR Portfolio Emerging Markets ETF | -0.04% | -4.53% | 4.07% | 8.25% | 18.43% | 15.93% | 5.77% | 8.33% | 5.47% |
SPYM State Street SPDR Portfolio S&P 500 ETF | -0.14% | -0.60% | 7.91% | 9.47% | 19.65% | 19.52% | 12.89% | 15.03% | 11.15% |
SWVXX Schwab Prime Advantage Money Fund Investor Shares | 0.00% | 0.29% | 1.74% | 1.74% | 3.80% | 4.27% | 3.06% | — | 2.97% |
Monthly Returns
Based on dividend-adjusted daily data since May 25, 2021, All Weather 2026's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2023 with a return of +3.0%, while the worst month was Sep 2022 at -5.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, All Weather 2026 closed higher 54% of trading days. The best single day was Nov 10, 2022 with a return of +1.8%, while the worst single day was Jun 13, 2022 at -1.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.92% | 0.49% | -1.58% | 2.55% | 0.98% | -0.46% | -0.23% | 2.66% | |||||
| 2025 | 1.15% | 1.18% | -0.24% | -0.08% | 0.90% | 1.73% | 0.64% | 1.48% | 1.25% | 0.59% | 0.08% | -0.12% | 8.89% |
| 2024 | -0.04% | 0.74% | 1.08% | -0.97% | 1.83% | 0.95% | 1.09% | 0.88% | 2.06% | -0.93% | 1.02% | -0.92% | 6.96% |
| 2023 | 2.49% | -1.40% | 2.11% | 0.26% | -0.72% | 1.28% | 1.19% | -0.99% | -1.53% | -0.69% | 2.99% | 1.86% | 6.91% |
| 2022 | -1.60% | -0.39% | -0.75% | -2.57% | -0.27% | -2.38% | 2.90% | -1.82% | -5.10% | 1.20% | 2.88% | -1.39% | -9.16% |
| 2021 | 0.28% | 0.67% | 0.93% | 0.46% | -1.23% | 1.57% | -0.04% | 0.83% | 3.51% |
Benchmark Metrics
All Weather 2026 has an annualized alpha of 0.99%, beta of 0.21, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since May 25, 2021.
- This portfolio participated in 33.35% of S&P 500 Index downside but only 25.51% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.21 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
- 0.99%
- Beta
- 0.21
- R²
- 0.60
- Upside Capture
- 25.51%
- Downside Capture
- 33.35%
Expense Ratio
All Weather 2026 has an expense ratio of 0.16%, 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.
Return for Risk
Risk / Return Rank
All Weather 2026 ranks 65 for risk / return — better than 65% 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.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for All Weather 2026 and compares them with S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 1.79 | 1.45 | +0.33 |
| Sortino ratioReturn per unit of downside risk | 2.61 | 2.03 | +0.58 |
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.01 | +0.47 |
| Martin ratioReturn relative to average drawdown | 10.17 | 8.68 | +1.49 |
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
GXC SPDR S&P China ETF | 10 | -0.01 | 0.12 | 1.01 | -0.01 | -0.02 |
SCHP Schwab U.S. TIPS ETF | 35 | 0.91 | 1.34 | 1.16 | 1.59 | 4.53 |
SPEM SPDR Portfolio Emerging Markets ETF | 41 | 1.07 | 1.53 | 1.20 | 1.63 | 5.56 |
SPYM State Street SPDR Portfolio S&P 500 ETF | 65 | 1.57 | 2.19 | 1.28 | 2.22 | 9.63 |
SWVXX Schwab Prime Advantage Money Fund Investor Shares | — | 3.71 | — | — | — | — |
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Dividends
Dividend yield
All Weather 2026 provided a 3.60% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.60% | 3.55% | 3.45% | 3.24% | 3.62% | 2.27% | 0.81% | 1.30% | 1.46% | 1.18% | 1.01% | 0.58% |
| Portfolio components: | ||||||||||||
GXC SPDR S&P China ETF | 2.23% | 2.40% | 2.81% | 3.70% | 2.67% | 1.35% | 1.04% | 1.60% | 2.03% | 1.84% | 2.05% | 2.85% |
SCHP Schwab U.S. TIPS ETF | 4.49% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
SPEM SPDR Portfolio Emerging Markets ETF | 2.59% | 2.77% | 2.78% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 1.04% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% |
SWVXX Schwab Prime Advantage Money Fund Investor Shares | 3.73% | 4.06% | 5.02% | 4.23% | 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 All Weather 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 All Weather 2026 was 11.76%, occurring on Sep 30, 2022. Recovery took 421 trading sessions.
The current All Weather 2026 drawdown is 0.93%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-11.76%Sep 2022 | 10mo 19d | 1y 8mo | 2y 6moNov 2021 - Jun 2024 | Bear market2022 |
-3.29%Apr 2025 | 1mo 6d | 1mo 4d | 2mo 10dMar 2025 - May 2025 | 2025 selloff2025 |
-2.55%Mar 2026 | 29d | 18d | 1mo 17dFeb 2026 - Apr 2026 | — |
-2.07%Jan 2025 | 1mo 1d | 26d | 1mo 27dDec 2024 - Feb 2025 | — |
-1.47%Sep 2021 | 20d | 21d | 1mo 11dSep 2021 - Oct 2021 | — |
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 5 assets, with an effective number of assets of 2.96, reflecting the diversification based on asset allocation. Your allocation shows noticeable concentration: a few holdings carry significantly more weight than the rest. Rebalancing toward more even weights — or adding less correlated assets — could reduce risk.
Diversification Ratio
1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
Diversification Ratio | 1.41 | 1.50 | 1.48 | 1.48 |
The portfolio has a diversification ratio of 1.48, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
All Weather 2026 correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.74 |
Benchmark Correlations
Correlation vs. S&P 500 Index. SPYM has the highest benchmark correlation at 1.00, while SWVXX has the lowest at 0.01.
Asset Correlations Table
Find what All Weather 2026 is missing
See which holdings overlap, where All Weather 2026 is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification