ETF Top Alpha Quaterly

Asset Allocation

Position	Category/Sector	Target Weight
FDN First Trust Dow Jones Internet Index	Large Cap Growth Equities	10%
FTEC Fidelity MSCI Information Technology Index ETF	Technology Equities	10%
IMCG iShares Morningstar Mid-Cap Growth ETF	Mid Cap Growth Equities	10%
IWP iShares Russell Mid-Cap Growth ETF	Mid Cap Growth Equities	10%
MTUM iShares MSCI USA Momentum Factor ETF	Large Cap Blend Equities	10%
QTEC First Trust NASDAQ-100 Technology Sector Index Fund	Technology Equities	10%
SCHG Schwab U.S. Large-Cap Growth ETF	Large Cap Growth Equities	10%
SOXX iShares Semiconductor ETF	Semiconductors, Technology Equities	10%
VGT Vanguard Information Technology ETF	Technology Equities	10%
VUG Vanguard Growth ETF	Large Cap Growth 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 Top Alpha Quaterly, 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 Oct 24, 2013, corresponding to the inception date of FTEC

Returns By Period

As of Apr 2, 2026, the ETF Top Alpha Quaterly returned -3.99% Year-To-Date and 17.70% 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 ETF Top Alpha Quaterly	0.48%	-1.89%	-3.99%	-4.57%	23.31%	21.07%	10.64%	17.70%
Portfolio components:
SOXX iShares Semiconductor ETF	0.32%	1.51%	12.84%	20.81%	80.38%	33.13%	19.27%	28.54%
FDN First Trust Dow Jones Internet Index	1.33%	-1.31%	-11.20%	-14.60%	5.53%	17.63%	1.35%	13.32%
QTEC First Trust NASDAQ-100 Technology Sector Index Fund	0.31%	-0.26%	-4.53%	-6.04%	24.53%	19.40%	8.25%	18.24%
MTUM iShares MSCI USA Momentum Factor ETF	0.25%	-0.38%	-1.69%	-3.55%	20.25%	21.22%	9.74%	14.17%
IWP iShares Russell Mid-Cap Growth ETF	0.31%	-4.62%	-5.62%	-9.81%	7.51%	12.85%	4.96%	11.56%
VGT Vanguard Information Technology ETF	0.85%	-1.42%	-5.36%	-5.79%	29.79%	23.50%	15.02%	21.67%
FTEC Fidelity MSCI Information Technology Index ETF	0.86%	-1.39%	-5.31%	-5.60%	30.19%	23.87%	15.25%	21.45%
SCHG Schwab U.S. Large-Cap Growth ETF	0.03%	-3.86%	-9.70%	-8.38%	16.03%	22.25%	12.77%	17.00%
VUG Vanguard Growth ETF	0.11%	-3.66%	-9.29%	-8.34%	17.67%	21.67%	11.69%	16.20%
IMCG iShares Morningstar Mid-Cap Growth ETF	0.49%	-3.35%	0.54%	-3.04%	10.93%	12.73%	5.45%	12.79%

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 25, 2013, ETF Top Alpha Quaterly's average daily return is +0.07%, while the average monthly return is +1.38%. At this rate, your investment would double in approximately 4.2 years.

Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +14.9%, while the worst month was Apr 2022 at -13.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, ETF Top Alpha Quaterly closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +12.4%, while the worst single day was Mar 16, 2020 at -12.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	1.32%	-1.99%	-5.10%	1.88%									-3.99%
2025	3.47%	-3.80%	-8.43%	1.80%	9.46%	7.76%	2.29%	0.84%	4.97%	3.97%	-3.26%	-0.06%	19.14%
2024	1.98%	7.18%	2.03%	-5.25%	4.81%	5.49%	-1.65%	1.57%	2.34%	-0.57%	7.44%	-1.93%	25.14%
2023	10.05%	-0.83%	6.36%	-1.61%	6.22%	6.41%	3.96%	-2.32%	-5.66%	-3.35%	12.64%	6.80%	43.78%
2022	-10.23%	-3.23%	2.32%	-13.14%	-1.93%	-9.61%	12.19%	-4.89%	-10.28%	5.69%	6.31%	-7.30%	-31.76%
2021	0.34%	2.15%	-0.18%	5.06%	-0.86%	6.12%	1.90%	3.34%	-5.10%	7.45%	0.34%	1.29%	23.42%

Benchmark Metrics

ETF Top Alpha Quaterly has an annualized alpha of 3.20%, beta of 1.18, and R² of 0.89 versus S&P 500 Index. Calculated based on daily prices since October 25, 2013.

This portfolio captured 124.35% of S&P 500 Index gains and 102.35% of its losses — amplifying both gains and losses, but participating more in upside than downside.
This portfolio generated an annualized alpha of 3.20% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 3.20%

Beta: 1.18

R²: 0.89

Upside Capture: 124.35%

Downside Capture: 102.35%

Expense Ratio

ETF Top Alpha Quaterly has an expense ratio of 0.21%, 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.

QTEC

First Trust NASDAQ-100 Technology Sector Index Fund

FDN

First Trust Dow Jones Internet Index

SOXX

iShares Semiconductor ETF

IWP

iShares Russell Mid-Cap Growth ETF

MTUM

iShares MSCI USA Momentum Factor ETF

VGT

Vanguard Information Technology ETF

FTEC

Fidelity MSCI Information Technology Index ETF

IMCG

iShares Morningstar Mid-Cap Growth ETF

SCHG

Schwab U.S. Large-Cap Growth ETF

VUG

Vanguard Growth ETF

Return for Risk

Risk / Return Rank

ETF Top Alpha Quaterly ranks 31 for risk / return — below 31% of portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

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	0.94	0.88	+0.06
Sortino ratio Return per unit of downside risk	1.47	1.37	+0.10
Omega ratio Gain probability vs. loss probability	1.21	1.21	0.00
Calmar ratio Return relative to maximum drawdown	1.78	1.39	+0.39
Martin ratio Return relative to average drawdown	6.27	6.43	-0.16
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
SOXX iShares Semiconductor ETF	91	2.01	2.62	1.37	4.46	16.48
FDN First Trust Dow Jones Internet Index	17	0.23	0.50	1.07	0.31	0.87
QTEC First Trust NASDAQ-100 Technology Sector Index Fund	46	0.84	1.37	1.19	1.61	4.92
MTUM iShares MSCI USA Momentum Factor ETF	51	0.89	1.36	1.20	1.78	6.63
IWP iShares Russell Mid-Cap Growth ETF	21	0.33	0.64	1.08	0.63	1.95
VGT Vanguard Information Technology ETF	58	1.10	1.67	1.23	1.88	5.72
FTEC Fidelity MSCI Information Technology Index ETF	59	1.10	1.69	1.24	1.92	5.88
SCHG Schwab U.S. Large-Cap Growth ETF	35	0.72	1.19	1.17	1.04	3.47
VUG Vanguard Growth ETF	38	0.78	1.27	1.18	1.13	3.90
IMCG iShares Morningstar Mid-Cap Growth ETF	29	0.54	0.91	1.12	0.95	3.89

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 Top Alpha Quaterly Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 0.94
5-Year: 0.45
10-Year: 0.77
All Time: 0.75

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 1.01 to 1.70, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of ETF Top Alpha Quaterly 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 Top Alpha Quaterly provided a 0.42% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.42%	0.42%	0.46%	0.61%	0.80%	0.41%	0.54%	0.82%	1.00%	0.80%	1.05%	0.98%
Portfolio components:
SOXX iShares Semiconductor ETF	0.49%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%
FDN First Trust Dow Jones Internet Index	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QTEC First Trust NASDAQ-100 Technology Sector Index Fund	0.00%	0.00%	0.02%	0.14%	0.15%	0.02%	0.44%	0.68%	0.91%	0.80%	1.29%	0.99%
MTUM iShares MSCI USA Momentum Factor ETF	0.80%	0.91%	0.75%	1.35%	1.80%	0.55%	0.83%	1.48%	1.27%	1.02%	1.43%	1.12%
IWP iShares Russell Mid-Cap Growth ETF	0.36%	0.37%	0.40%	0.54%	0.77%	0.30%	0.38%	0.59%	1.02%	0.78%	1.16%	0.98%
VGT Vanguard Information Technology ETF	0.43%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%
FTEC Fidelity MSCI Information Technology Index ETF	0.45%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
SCHG Schwab U.S. Large-Cap Growth ETF	0.43%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%
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%
IMCG iShares Morningstar Mid-Cap Growth ETF	0.78%	0.78%	0.78%	0.85%	0.91%	0.41%	0.09%	0.30%	0.35%	0.45%	0.52%	0.38%

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 Top Alpha Quaterly. 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 Top Alpha Quaterly was 37.63%, occurring on Oct 14, 2022. Recovery took 322 trading sessions.

The current ETF Top Alpha Quaterly drawdown is 8.34%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-37.63%	Nov 17, 2021	229	Oct 14, 2022	322	Jan 29, 2024	551
-32.28%	Feb 20, 2020	23	Mar 23, 2020	53	Jun 8, 2020	76
-25.2%	Feb 19, 2025	35	Apr 8, 2025	52	Jun 24, 2025	87
-22.92%	Aug 30, 2018	80	Dec 24, 2018	59	Mar 21, 2019	139
-17.05%	Dec 2, 2015	47	Feb 9, 2016	104	Jul 8, 2016	151

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 10 assets, with an effective number of assets of 10.00, 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	SOXX	FDN	MTUM	IMCG	IWP	QTEC	FTEC	VGT	SCHG	VUG	Portfolio
Benchmark	1.00	0.77	0.79	0.86	0.86	0.89	0.84	0.89	0.90	0.94	0.94	0.92
SOXX	0.77	1.00	0.69	0.73	0.74	0.76	0.93	0.86	0.86	0.78	0.79	0.88
FDN	0.79	0.69	1.00	0.77	0.83	0.86	0.84	0.85	0.85	0.87	0.87	0.90
MTUM	0.86	0.73	0.77	1.00	0.83	0.85	0.79	0.84	0.84	0.86	0.86	0.88
IMCG	0.86	0.74	0.83	0.83	1.00	0.96	0.83	0.82	0.83	0.86	0.85	0.90
IWP	0.89	0.76	0.86	0.85	0.96	1.00	0.87	0.86	0.86	0.89	0.89	0.93
QTEC	0.84	0.93	0.84	0.79	0.83	0.87	1.00	0.93	0.93	0.88	0.89	0.96
FTEC	0.89	0.86	0.85	0.84	0.82	0.86	0.93	1.00	1.00	0.95	0.95	0.97
VGT	0.90	0.86	0.85	0.84	0.83	0.86	0.93	1.00	1.00	0.95	0.95	0.97
SCHG	0.94	0.78	0.87	0.86	0.86	0.89	0.88	0.95	0.95	1.00	0.99	0.96
VUG	0.94	0.79	0.87	0.86	0.85	0.89	0.89	0.95	0.95	0.99	1.00	0.96
Portfolio	0.92	0.88	0.90	0.88	0.90	0.93	0.96	0.97	0.97	0.96	0.96	1.00

The correlation results are calculated based on daily price changes starting from Oct 25, 2013

ETF Top Alpha Quaterly

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