FX SLEEVE

The chart shows the growth of an initial investment of $10,000 in FX SLEEVE , 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.

As of Apr 2, 2026, the FX SLEEVE returned 0.15% Year-To-Date and 0.12% of annualized return in the last 10 years.

Based on dividend-adjusted daily data since Apr 28, 2007, FX SLEEVE 's average daily return is 0.00%, while the average monthly return is -0.04%.

Historically, 53% of months were positive and 47% were negative. The best month was May 2020 with a return of +2.1%, while the worst month was Mar 2020 at -3.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FX SLEEVE closed higher 37% of trading days. The best single day was Oct 13, 2008 with a return of +1.6%, while the worst single day was Nov 9, 2016 at -1.9%.

FX SLEEVE has an annualized alpha of -1.26%, beta of 0.08, and R² of 0.26 versus S&P 500 Index. Calculated based on daily prices since April 28, 2007.

• This portfolio participated in 13.09% of S&P 500 Index downside but only 4.26% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.08 may look defensive, but with R² of 0.26 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 0.26 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.

FX SLEEVE has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

FX SLEEVE ranks 30 for risk / return — below 30% 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.

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.

FX SLEEVE Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

• 1-Year: 1.15
• 5-Year: 0.26
• 10-Year: 0.04
• All Time: -0.15

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 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 FX SLEEVE compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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.

The table below displays the maximum drawdowns of the FX SLEEVE . 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 FX SLEEVE was 17.68%, occurring on Mar 23, 2020. The portfolio has not yet recovered.

The current FX SLEEVE drawdown is 10.47%.

The chart below shows the rolling one-month volatility.