Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | Government Bonds | 100% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Broad Market Part III, 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 30, 2007, corresponding to the inception date of BIL
Returns By Period
As of Apr 3, 2026, the Broad Market Part III returned 0.90% Year-To-Date and 2.13% of annualized return in the last 10 years.
| 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 Broad Market Part III | 0.02% | 0.31% | 0.90% | 1.85% | 4.01% | 4.71% | 3.28% | 2.13% |
| Portfolio components: | ||||||||
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.02% | 0.31% | 0.90% | 1.85% | 4.01% | 4.71% | 3.28% | 2.13% |
Monthly Returns
Based on dividend-adjusted daily data since May 31, 2007, Broad Market Part III's average daily return is +0.01%, while the average monthly return is +0.11%. At this rate, your investment would double in approximately 52.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Sep 2008 with a return of +0.5%, while the worst month was Oct 2008 at -0.2%. The longest winning streak lasted 48 consecutive months, and the longest losing streak was 13 months.
On a daily basis, Broad Market Part III closed higher 44% of trading days. The best single day was Sep 17, 2008 with a return of +0.4%, while the worst single day was Oct 13, 2008 at -0.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.30% | 0.27% | 0.29% | 0.05% | 0.90% | ||||||||
| 2025 | 0.35% | 0.32% | 0.33% | 0.34% | 0.36% | 0.34% | 0.36% | 0.37% | 0.33% | 0.35% | 0.29% | 0.34% | 4.15% |
| 2024 | 0.43% | 0.44% | 0.41% | 0.43% | 0.46% | 0.40% | 0.45% | 0.46% | 0.42% | 0.40% | 0.37% | 0.40% | 5.19% |
| 2023 | 0.28% | 0.35% | 0.40% | 0.36% | 0.38% | 0.46% | 0.39% | 0.50% | 0.40% | 0.43% | 0.47% | 0.43% | 4.94% |
| 2022 | 0.00% | -0.02% | 0.05% | -0.01% | 0.03% | 0.08% | 0.04% | 0.19% | 0.21% | 0.16% | 0.31% | 0.36% | 1.40% |
| 2021 | 0.00% | -0.01% | -0.01% | 0.00% | -0.01% | -0.02% | -0.01% | -0.01% | 0.01% | -0.01% | -0.02% | -0.00% | -0.10% |
Benchmark Metrics
Broad Market Part III has an annualized alpha of 1.37%, beta of -0.00, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since May 31, 2007.
- This portfolio captured 2.60% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.90%) — a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R² of 0.01 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.01 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.37%
- Beta
- -0.00
- R²
- 0.01
- Upside Capture
- 2.60%
- Downside Capture
- -3.90%
Expense Ratio
Broad Market Part III 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.
Return for Risk
Risk / Return Rank
Broad Market Part III ranks 100 for risk / return — in the top 100% 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.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 19.57 | 0.88 | +18.69 |
Sortino ratioReturn per unit of downside risk | 254.91 | 1.37 | +253.55 |
Omega ratioGain probability vs. loss probability | 180.89 | 1.21 | +179.68 |
Calmar ratioReturn relative to maximum drawdown | 367.86 | 1.39 | +366.47 |
Martin ratioReturn relative to average drawdown | 4,130.10 | 6.43 | +4,123.67 |
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 | |
|---|---|---|---|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | 100 | 19.57 | 254.91 | 180.89 | 367.86 | 4,130.10 |
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Dividends
Dividend yield
Broad Market Part III provided a 3.96% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.96% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
| Portfolio components: | |||||||||||
BIL SPDR Barclays 1-3 Month T-Bill ETF | 3.96% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Monthly Dividends
The table below shows the monthly dividends paid by this portfolio.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.27 | $0.24 | $0.26 | $0.78 | ||||||||
| 2025 | $0.00 | $0.33 | $0.29 | $0.32 | $0.31 | $0.32 | $0.31 | $0.32 | $0.32 | $0.31 | $0.30 | $0.65 | $3.77 |
| 2024 | $0.00 | $0.41 | $0.36 | $0.40 | $0.39 | $0.41 | $0.39 | $0.40 | $0.40 | $0.37 | $0.36 | $0.72 | $4.60 |
| 2023 | $0.00 | $0.34 | $0.26 | $0.37 | $0.35 | $0.37 | $0.37 | $0.39 | $0.40 | $0.39 | $0.41 | $0.84 | $4.50 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.05 | $0.10 | $0.14 | $0.16 | $0.21 | $0.53 | $1.24 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $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 Broad Market Part III. 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 Broad Market Part III was 0.78%, occurring on Dec 9, 2015. Recovery took 509 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.78% | Sep 30, 2008 | 1812 | Dec 9, 2015 | 509 | Dec 15, 2017 | 2321 |
| -0.63% | Sep 18, 2008 | 2 | Sep 19, 2008 | 6 | Sep 29, 2008 | 8 |
| -0.24% | Aug 21, 2007 | 5 | Aug 27, 2007 | 8 | Sep 7, 2007 | 13 |
| -0.21% | Mar 23, 2020 | 480 | Feb 14, 2022 | 116 | Aug 2, 2022 | 596 |
| -0.17% | Mar 20, 2008 | 3 | Mar 25, 2008 | 48 | Jun 2, 2008 | 51 |
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 1 assets, with an effective number of assets of 1.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | BIL | Portfolio | |
|---|---|---|---|
| Benchmark | 1.00 | -0.02 | -0.02 |
| BIL | -0.02 | 1.00 | 1.00 |
| Portfolio | -0.02 | 1.00 | 1.00 |