TPG Recomendation 2 (Optimized)

Asset Allocation

Position	Category/Sector	Target Weight
^VIX CBOE Volatility Index		3.73%
ADI Analog Devices, Inc.	Technology	7.30%
BAESY BAE Systems PLC	Industrials	5.73%
IEF iShares 7-10 Year Treasury Bond ETF	Government Bonds	37.26%
VTV Vanguard Value ETF	Large Cap Value Equities	15.31%
XAUUSD=X Gold Spot Price US Dollar		12.30%
XOM Exxon Mobil Corporation	Energy	9.69%
YUM YUM! Brands, Inc.	Consumer Cyclical	8.67%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in TPG Recomendation 2 (Optimized), 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 Jul 13, 2007, corresponding to the inception date of BAESY

Returns By Period

As of Apr 4, 2026, the TPG Recomendation 2 (Optimized) returned 11.67% Year-To-Date and 11.62% of annualized return in the last 10 years.

	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 TPG Recomendation 2 (Optimized)	-0.17%	-0.03%	11.67%	14.33%	23.80%	14.37%	12.32%	11.62%
Portfolio components:
XAUUSD=X Gold Spot Price US Dollar	-1.71%	-9.03%	8.19%	20.33%	50.15%	33.08%	21.93%	14.43%
^VIX CBOE Volatility Index	-2.73%	12.86%	59.67%	43.36%	-20.49%	8.77%	6.61%	5.39%
BAESY BAE Systems PLC	-0.91%	-0.58%	30.87%	9.89%	44.77%	37.50%	37.50%	20.48%
ADI Analog Devices, Inc.	-0.70%	-6.78%	17.75%	32.43%	78.68%	19.49%	16.69%	20.71%
YUM YUM! Brands, Inc.	1.55%	-1.82%	3.66%	4.55%	-1.46%	7.47%	9.30%	12.29%
IEF iShares 7-10 Year Treasury Bond ETF	0.23%	-1.27%	0.01%	0.69%	2.78%	2.14%	-0.73%	0.79%
VTV Vanguard Value ETF	0.16%	-3.37%	3.71%	6.17%	20.60%	14.94%	10.95%	11.89%
XOM Exxon Mobil Corporation	-0.06%	7.26%	34.42%	44.07%	47.84%	15.29%	27.66%	11.56%

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

Monthly Returns

Based on dividend-adjusted daily data since Jul 16, 2007, TPG Recomendation 2 (Optimized)'s average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, your investment would double in approximately 7.2 years.

Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +7.5%, while the worst month was Oct 2008 at -8.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, TPG Recomendation 2 (Optimized) closed higher 54% of trading days. The best single day was Feb 5, 2018 with a return of +5.5%, while the worst single day was Oct 27, 2008 at -3.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	6.86%	6.20%	-1.37%	-0.24%									11.67%
2025	1.57%	6.12%	2.10%	0.02%	-0.24%	2.62%	-1.08%	2.79%	3.20%	-0.68%	2.53%	0.73%	21.31%
2024	0.84%	0.69%	4.00%	-0.37%	1.99%	-0.80%	4.04%	1.52%	1.62%	-0.45%	-1.01%	-2.91%	9.29%
2023	3.16%	-2.08%	3.54%	1.20%	-3.63%	1.25%	0.81%	-1.16%	-1.36%	-1.43%	3.10%	3.55%	6.80%
2022	1.83%	3.24%	-2.31%	-0.33%	1.34%	-3.57%	3.43%	-3.63%	-4.63%	4.53%	5.50%	-0.75%	4.06%
2021	0.81%	1.75%	-0.40%	2.37%	2.57%	-0.34%	2.53%	-0.86%	-0.11%	1.19%	0.98%	0.83%	11.83%

Benchmark Metrics

TPG Recomendation 2 (Optimized) has an annualized alpha of 8.55%, beta of 0.13, and R² of 0.11 versus S&P 500 Index. Calculated based on daily prices since July 16, 2007.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (35.02%) than losses (6.26%) — typical of diversified or defensive assets.
Beta of 0.13 may look defensive, but with R² of 0.11 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 0.11 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: 8.55%

Beta: 0.13

R²: 0.11

Upside Capture: 35.02%

Downside Capture: 6.26%

Expense Ratio

TPG Recomendation 2 (Optimized) has an expense ratio of 0.06%, 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.

IEF

iShares 7-10 Year Treasury Bond ETF

VTV

Vanguard Value ETF

Return for Risk

Risk / Return Rank

TPG Recomendation 2 (Optimized) ranks 96 for risk / return — in the top 96% 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	2.70	0.88	+1.82
Sortino ratio Return per unit of downside risk	4.30	1.37	+2.94
Omega ratio Gain probability vs. loss probability	1.54	1.21	+0.33
Calmar ratio Return relative to maximum drawdown	5.51	1.39	+4.12
Martin ratio Return relative to average drawdown	16.85	6.43	+10.41
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
XAUUSD=X Gold Spot Price US Dollar	91	1.61	2.08	1.31	1.93	6.72
^VIX CBOE Volatility Index	23	0.08	1.23	1.15	-0.38	-0.49
BAESY BAE Systems PLC	78	1.50	2.08	1.26	2.09	5.27
ADI Analog Devices, Inc.	85	1.63	2.35	1.34	3.55	10.19
YUM YUM! Brands, Inc.	37	0.02	0.19	1.02	0.01	0.01
IEF iShares 7-10 Year Treasury Bond ETF	31	0.72	1.06	1.12	1.16	2.87
VTV Vanguard Value ETF	54	1.09	1.57	1.23	1.48	6.62
XOM Exxon Mobil Corporation	80	1.58	2.06	1.28	2.51	6.57

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.

TPG Recomendation 2 (Optimized) Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 2.70
5-Year: 1.52
10-Year: 1.45
All Time: 1.28

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 is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of TPG Recomendation 2 (Optimized) 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

TPG Recomendation 2 (Optimized) provided a 2.32% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.32%	2.42%	2.51%	2.24%	1.89%	1.69%	2.29%	2.12%	2.29%	1.99%	5.47%	2.13%
Portfolio components:
XAUUSD=X Gold Spot Price US Dollar	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
^VIX CBOE Volatility 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%
BAESY BAE Systems PLC	1.45%	1.90%	2.79%	2.40%	3.09%	4.46%	7.05%	3.66%	4.93%	5.71%	6.26%	4.38%
ADI Analog Devices, Inc.	1.28%	1.46%	1.73%	1.73%	1.85%	1.57%	1.68%	1.82%	2.24%	2.02%	2.31%	2.89%
YUM YUM! Brands, Inc.	1.85%	1.88%	2.00%	1.85%	1.78%	1.44%	1.73%	1.67%	1.57%	1.47%	41.26%	2.31%
IEF iShares 7-10 Year Treasury Bond ETF	3.84%	3.77%	3.62%	2.91%	1.96%	0.83%	1.08%	2.08%	2.24%	1.82%	1.81%	1.90%
VTV Vanguard Value ETF	2.02%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%
XOM Exxon Mobil Corporation	2.51%	3.32%	3.57%	3.68%	3.22%	5.70%	8.44%	4.92%	4.74%	3.66%	3.30%	3.69%

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 TPG Recomendation 2 (Optimized). 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 TPG Recomendation 2 (Optimized) was 16.14%, occurring on Mar 9, 2009. Recovery took 177 trading sessions.

The current TPG Recomendation 2 (Optimized) drawdown is 1.82%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-16.14%	May 20, 2008	210	Mar 9, 2009	177	Nov 11, 2009	387
-12.07%	Mar 9, 2022	145	Sep 27, 2022	89	Feb 1, 2023	234
-8.02%	Mar 10, 2020	10	Mar 23, 2020	13	Apr 9, 2020	23
-6.84%	Feb 6, 2018	14	Feb 23, 2018	240	Jan 30, 2019	254
-6.54%	Apr 6, 2023	131	Oct 6, 2023	52	Dec 19, 2023	183

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 8 assets, with an effective number of assets of 4.89, 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

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	XAUUSD=X	IEF	BAESY	YUM	XOM	ADI	^VIX	VTV	Portfolio
Benchmark	1.00	0.05	-0.28	0.41	0.56	0.54	0.69	-0.79	0.91	0.30
XAUUSD=X	0.05	1.00	0.23	0.11	0.01	0.10	0.02	-0.02	0.04	0.47
IEF	-0.28	0.23	1.00	-0.14	-0.15	-0.28	-0.23	0.24	-0.30	0.27
BAESY	0.41	0.11	-0.14	1.00	0.27	0.29	0.26	-0.34	0.40	0.33
YUM	0.56	0.01	-0.15	0.27	1.00	0.34	0.39	-0.46	0.56	0.37
XOM	0.54	0.10	-0.28	0.29	0.34	1.00	0.35	-0.44	0.63	0.42
ADI	0.69	0.02	-0.23	0.26	0.39	0.35	1.00	-0.56	0.61	0.30
^VIX	-0.79	-0.02	0.24	-0.34	-0.46	-0.44	-0.56	1.00	-0.72	0.00
VTV	0.91	0.04	-0.30	0.40	0.56	0.63	0.61	-0.72	1.00	0.36
Portfolio	0.30	0.47	0.27	0.33	0.37	0.42	0.30	0.00	0.36	1.00

The correlation results are calculated based on daily price changes starting from Jul 16, 2007

TPG Recomendation 2 (Optimized)

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