ETF Portfolio (Income Focussed)

Asset Allocation

Position	Category/Sector	Target Weight
AMLP Alerian MLP ETF	MLPs	5%
DBA Invesco DB Agriculture Fund	Agricultural Commodities	5%
EMES.L iShares J.P. Morgan ESG USD EM Bond UCITS ETF	Emerging Markets Bonds	10%
EWZ iShares MSCI Brazil ETF	Latin America Equities	5%
FEZ SPDR EURO STOXX 50 ETF	Europe Equities	5%
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	Commodity Producers Equities	5%
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)	High Yield Bonds	10%
ICBU.L iShares USD Intermediate Credit Bond UCITS ETF	Corporate Bonds	10%
IJR iShares Core S&P Small-Cap ETF	Small Cap Blend Equities	5%
RSP Invesco S&P 500 Equal Weight ETF	S&P 500	10%
SCHD Schwab U.S. Dividend Equity ETF	Dividend	10%
VEA Vanguard FTSE Developed Markets ETF	Foreign Large Cap Equities	10%
VWO Vanguard FTSE Emerging Markets ETF	Emerging Markets Equities	10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ETF Portfolio (Income Focussed), 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 Apr 7, 2022, corresponding to the inception date of HYUS.L

Returns By Period

	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 ETF Portfolio (Income Focussed)	-0.06%	-0.66%	4.76%	6.88%	25.20%	12.38%	—	—
Portfolio components:
FEZ SPDR EURO STOXX 50 ETF	-0.94%	-1.81%	-2.86%	-0.65%	27.88%	14.64%	9.84%	9.77%
EWZ iShares MSCI Brazil ETF	-0.05%	5.47%	20.71%	30.87%	65.04%	19.33%	11.79%	9.62%
AMLP Alerian MLP ETF	0.54%	-0.55%	13.62%	17.01%	20.81%	19.26%	20.26%	8.79%
DBA Invesco DB Agriculture Fund	0.22%	2.84%	6.43%	5.51%	7.65%	14.42%	12.73%	4.54%
SCHD Schwab U.S. Dividend Equity ETF	0.16%	-1.41%	12.35%	13.59%	25.56%	11.70%	8.35%	12.30%
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	0.51%	3.94%	21.34%	27.75%	62.99%	12.20%	12.51%	12.32%
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)	0.29%	-0.59%	-0.25%	1.34%	10.11%	8.54%	—	—
EMES.L iShares J.P. Morgan ESG USD EM Bond UCITS ETF	-0.09%	-2.29%	-1.42%	1.10%	10.09%	7.82%	1.37%	—
ICBU.L iShares USD Intermediate Credit Bond UCITS ETF	-0.02%	-0.62%	-0.24%	0.82%	4.94%	5.13%	1.80%	—
VEA Vanguard FTSE Developed Markets ETF	-0.77%	-1.58%	3.65%	7.84%	42.16%	16.09%	8.76%	9.49%

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

Monthly Returns

Based on dividend-adjusted daily data since Apr 8, 2022, ETF Portfolio (Income Focussed)'s average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, your investment would double in approximately 8.2 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2023 with a return of +6.8%, while the worst month was Jun 2022 at -8.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, ETF Portfolio (Income Focussed) closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +4.0%, while the worst single day was Apr 4, 2025 at -4.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	4.53%	3.60%	-3.54%	0.29%									4.76%
2025	3.35%	0.33%	-0.17%	-0.73%	2.47%	2.95%	-0.23%	3.67%	1.39%	0.13%	1.59%	0.80%	16.57%
2024	-0.97%	2.11%	3.29%	-2.39%	2.08%	-0.55%	2.76%	2.20%	2.03%	-2.44%	2.18%	-3.39%	6.80%
2023	5.69%	-3.38%	0.85%	0.86%	-2.72%	4.76%	3.47%	-2.82%	-2.64%	-2.48%	6.80%	4.39%	12.67%
2022				-4.57%	2.20%	-8.30%	4.82%	-2.05%	-6.88%	5.42%	6.32%	-2.28%	-6.35%

Benchmark Metrics

ETF Portfolio (Income Focussed) has an annualized alpha of 2.79%, beta of 0.53, and R² of 0.73 versus S&P 500 Index. Calculated based on daily prices since April 08, 2022.

This portfolio participated in 67.55% of S&P 500 Index downside but only 65.26% of its upside — more exposed to losses than it benefited from rallies.
This portfolio generated an annualized alpha of 2.79% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
Beta of 0.53 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: 2.79%

Beta: 0.53

R²: 0.73

Upside Capture: 65.26%

Downside Capture: 67.55%

Expense Ratio

ETF Portfolio (Income Focussed) has an expense ratio of 0.28%, 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

DBA

Invesco DB Agriculture Fund

AMLP

Alerian MLP ETF

EWZ

iShares MSCI Brazil ETF

GUNR

FlexShares Morningstar Global Upstream Natural Resources Index Fund

EMES.L

iShares J.P. Morgan ESG USD EM Bond UCITS ETF

FEZ

SPDR EURO STOXX 50 ETF

HYUS.L

iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)

RSP

Invesco S&P 500 Equal Weight ETF

ICBU.L

iShares USD Intermediate Credit Bond UCITS ETF

VWO

Vanguard FTSE Emerging Markets ETF

Return for Risk

Risk / Return Rank

ETF Portfolio (Income Focussed) ranks 81 for risk / return — in the top 81% 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	1.60	0.88	+0.72
Sortino ratio Return per unit of downside risk	2.18	1.37	+0.81
Omega ratio Gain probability vs. loss probability	1.33	1.21	+0.12
Calmar ratio Return relative to maximum drawdown	4.21	1.39	+2.82
Martin ratio Return relative to average drawdown	18.25	6.43	+11.82
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
FEZ SPDR EURO STOXX 50 ETF	41	0.86	1.33	1.18	1.30	4.69
EWZ iShares MSCI Brazil ETF	90	2.12	2.68	1.36	4.78	12.71
AMLP Alerian MLP ETF	23	0.50	0.75	1.11	0.61	1.55
DBA Invesco DB Agriculture Fund	18	0.30	0.51	1.06	0.56	1.05
SCHD Schwab U.S. Dividend Equity ETF	40	0.89	1.34	1.19	1.09	3.69
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	94	2.48	3.06	1.48	3.49	19.55
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)	81	1.36	1.94	1.31	3.71	15.26
EMES.L iShares J.P. Morgan ESG USD EM Bond UCITS ETF	71	1.45	2.10	1.29	1.96	8.32
ICBU.L iShares USD Intermediate Credit Bond UCITS ETF	67	1.27	1.73	1.28	1.94	8.71
VEA Vanguard FTSE Developed Markets ETF	81	1.73	2.36	1.35	2.64	10.14

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.

ETF Portfolio (Income Focussed) Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 1.60
All Time: 0.76

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 ETF Portfolio (Income Focussed) 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

ETF Portfolio (Income Focussed) provided a 4.07% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	4.07%	4.09%	4.30%	3.92%	3.54%	2.83%	2.51%	2.87%	2.52%	1.73%	1.77%	2.23%
Portfolio components:
FEZ SPDR EURO STOXX 50 ETF	2.78%	2.78%	2.94%	2.75%	3.06%	2.61%	2.13%	2.61%	3.45%	2.44%	3.35%	3.03%
EWZ iShares MSCI Brazil ETF	4.30%	5.19%	8.91%	5.66%	12.59%	9.87%	1.71%	2.54%	2.89%	1.71%	1.81%	4.08%
AMLP Alerian MLP ETF	7.58%	8.36%	7.70%	7.86%	7.70%	8.55%	12.31%	9.12%	9.29%	7.97%	8.09%	9.84%
DBA Invesco DB Agriculture Fund	3.36%	3.58%	4.08%	4.63%	0.48%	0.00%	0.00%	1.55%	1.06%	0.00%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.45%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	2.20%	2.81%	3.39%	3.55%	4.12%	3.61%	2.79%	3.25%	3.27%	2.00%	1.73%	4.50%
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)	7.47%	7.38%	7.54%	6.30%	1.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EMES.L iShares J.P. Morgan ESG USD EM Bond UCITS ETF	7.38%	5.78%	5.45%	5.42%	5.05%	3.48%	3.49%	4.60%	0.50%	0.00%	0.00%	0.00%
ICBU.L iShares USD Intermediate Credit Bond UCITS ETF	4.45%	4.21%	3.78%	2.77%	1.93%	1.93%	2.78%	2.93%	2.65%	0.44%	0.00%	0.00%
VEA Vanguard FTSE Developed Markets ETF	2.90%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%

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 ETF Portfolio (Income Focussed). 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 ETF Portfolio (Income Focussed) was 14.97%, occurring on Sep 27, 2022. Recovery took 203 trading sessions.

The current ETF Portfolio (Income Focussed) drawdown is 3.31%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-14.97%	Apr 21, 2022	114	Sep 27, 2022	203	Jul 13, 2023	317
-9.94%	Feb 19, 2025	35	Apr 8, 2025	24	May 13, 2025	59
-8.36%	Aug 1, 2023	64	Oct 27, 2023	33	Dec 13, 2023	97
-5.67%	Feb 26, 2026	17	Mar 20, 2026	—	—	—
-4.44%	Sep 30, 2024	59	Dec 19, 2024	38	Feb 13, 2025	97

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 13 assets, with an effective number of assets of 11.76, 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	DBA	ICBU.L	EMES.L	HYUS.L	AMLP	EWZ	VWO	GUNR	SCHD	FEZ	IJR	RSP	VEA	Portfolio
Benchmark	1.00	0.16	0.18	0.34	0.40	0.44	0.41	0.64	0.52	0.70	0.73	0.79	0.87	0.77	0.80
DBA	0.16	1.00	-0.02	0.07	0.06	0.20	0.24	0.18	0.28	0.15	0.22	0.16	0.16	0.22	0.29
ICBU.L	0.18	-0.02	1.00	0.63	0.51	0.07	0.11	0.17	0.12	0.17	0.22	0.19	0.21	0.26	0.30
EMES.L	0.34	0.07	0.63	1.00	0.62	0.15	0.21	0.32	0.24	0.28	0.36	0.34	0.36	0.40	0.46
HYUS.L	0.40	0.06	0.51	0.62	1.00	0.24	0.25	0.32	0.29	0.32	0.42	0.40	0.41	0.45	0.51
AMLP	0.44	0.20	0.07	0.15	0.24	1.00	0.35	0.36	0.60	0.56	0.39	0.53	0.54	0.46	0.60
EWZ	0.41	0.24	0.11	0.21	0.25	0.35	1.00	0.55	0.56	0.39	0.48	0.43	0.43	0.53	0.64
VWO	0.64	0.18	0.17	0.32	0.32	0.36	0.55	1.00	0.66	0.49	0.71	0.58	0.61	0.78	0.78
GUNR	0.52	0.28	0.12	0.24	0.29	0.60	0.56	0.66	1.00	0.64	0.60	0.62	0.64	0.70	0.80
SCHD	0.70	0.15	0.17	0.28	0.32	0.56	0.39	0.49	0.64	1.00	0.60	0.80	0.88	0.66	0.80
FEZ	0.73	0.22	0.22	0.36	0.42	0.39	0.48	0.71	0.60	0.60	1.00	0.67	0.72	0.92	0.83
IJR	0.79	0.16	0.19	0.34	0.40	0.53	0.43	0.58	0.62	0.80	0.67	1.00	0.92	0.73	0.85
RSP	0.87	0.16	0.21	0.36	0.41	0.54	0.43	0.61	0.64	0.88	0.72	0.92	1.00	0.78	0.89
VEA	0.77	0.22	0.26	0.40	0.45	0.46	0.53	0.78	0.70	0.66	0.92	0.73	0.78	1.00	0.91
Portfolio	0.80	0.29	0.30	0.46	0.51	0.60	0.64	0.78	0.80	0.80	0.83	0.85	0.89	0.91	1.00

The correlation results are calculated based on daily price changes starting from Apr 8, 2022

ETF Portfolio (Income Focussed)

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