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Top P/E

Last updated Nov 15, 2024

Asset Allocation

APPF 4%SPLK 4%XPO 4%PEN 4%TTD 4%MORN 4%APP 4%AXON 4%WING 4%LLY 4%TYL 4%PODD 4%CELH 4%DT 4%ONON 4%BSY 4%NOW 4%OTEX 4%MELI 4%EQIX 4%PTC 4%ENTG 4%NVDA 4%CDNS 4%ALC 4%EquityEquity
PositionCategory/SectorWeight
ALC
Alcon Inc.		Healthcare
4%
APP
AppLovin Corporation		Technology
4%
APPF
AppFolio, Inc.		Technology
4%
AXON
Axon Enterprise, Inc.		Industrials
4%
BSY
Bentley Systems, Incorporated		Technology
4%
CDNS
Cadence Design Systems, Inc.		Technology
4%
CELH
Celsius Holdings, Inc.		Consumer Defensive
4%
DT
Dynatrace, Inc.		Technology
4%
ENTG
Entegris, Inc.		Technology
4%
EQIX
Equinix, Inc.		Real Estate
4%
LLY
Eli Lilly and Company		Healthcare
4%
MELI
MercadoLibre, Inc.		Consumer Cyclical
4%
MORN
Morningstar, Inc.		Financial Services
4%
NOW
ServiceNow, Inc.		Technology
4%
NVDA
NVIDIA Corporation		Technology
4%
ONON
On Holding AG		Consumer Cyclical
4%
OTEX
Open Text Corp		Technology
4%
PEN
Penumbra, Inc.		Healthcare
4%
PODD
Insulet Corporation		Healthcare
4%
PTC
PTC Inc.		Technology
4%
SPLK
4%
TTD
4%
TYL
4%
WING
4%
XPO
4%

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Top P/E, 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 Quarterly

-5.00%0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
18.43%
12.31%
Top P/E
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Sep 15, 2021, corresponding to the inception date of ONON

Returns By Period

Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500		24.72%2.30%12.31%32.12%13.81%11.31%
Top P/E42.09%7.72%18.43%50.61%N/AN/A
Portfolio components:
APPF
AppFolio, Inc.		34.70%15.54%-5.48%16.47%18.04%N/A
SPLK
2.99%0.00%0.00%3.87%N/AN/A
XPO
70.03%29.09%32.96%73.82%N/AN/A
PEN
Penumbra, Inc.		-7.17%13.01%15.87%2.47%6.98%N/A
TTD
74.93%6.97%35.08%84.98%N/AN/A
MORN
Morningstar, Inc.		20.48%-0.37%14.64%28.27%17.89%18.42%
APP
AppLovin Corporation		613.90%97.82%241.81%603.31%N/AN/A
AXON
Axon Enterprise, Inc.		134.03%39.26%108.15%173.46%55.26%41.06%
WING
29.10%-15.88%-14.94%47.79%N/AN/A
LLY
Eli Lilly and Company		35.53%-13.92%2.10%34.24%49.31%30.36%
TYL
46.91%2.20%25.88%47.07%N/AN/A
PODD
Insulet Corporation		20.36%13.51%40.88%50.53%7.71%19.33%
CELH
Celsius Holdings, Inc.		-50.61%-21.17%-70.91%-47.80%84.08%67.48%
DT
Dynatrace, Inc.		-1.50%0.35%11.14%5.71%20.27%N/A
ONON
On Holding AG		97.81%8.02%45.61%92.11%N/AN/A
BSY
Bentley Systems, Incorporated		-7.50%-3.80%-14.04%-9.00%N/AN/A
NOW
ServiceNow, Inc.		47.18%12.05%37.17%59.75%32.04%31.96%
OTEX
Open Text Corp		-29.49%-13.87%-4.06%-22.51%-5.71%1.75%
MELI
MercadoLibre, Inc.		19.39%-7.74%7.88%30.06%27.89%30.45%
EQIX
Equinix, Inc.		13.78%2.77%14.06%17.33%12.39%17.66%
PTC
PTC Inc.		9.23%3.86%3.75%23.55%20.92%17.70%
ENTG
Entegris, Inc.		-15.01%-1.01%-22.13%-0.98%15.92%23.02%
NVDA
NVIDIA Corporation		196.42%11.52%55.56%200.29%96.27%77.78%
CDNS
Cadence Design Systems, Inc.		11.26%12.46%4.88%14.01%35.14%32.64%
ALC
Alcon Inc.		9.38%-11.84%-4.37%21.15%7.96%N/A

Monthly Returns

The table below presents the monthly returns of Top P/E, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20242.82%12.41%2.15%-4.98%4.42%2.67%-2.16%6.90%3.24%0.92%42.09%
202313.33%0.90%7.82%2.44%10.88%7.62%3.20%1.84%-4.12%-3.42%13.30%3.71%72.37%
2022-14.15%-0.44%1.48%-12.71%-3.98%-7.49%16.25%-4.44%-7.51%6.58%8.92%-7.02%-25.42%
2021-5.35%9.50%-4.72%1.64%0.36%

Expense Ratio

Top P/E has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

The portfolio doesn't hold funds that charge fees

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of Top P/E is 82, placing it in the top 18% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.

The Risk-Adjusted Performance Rank of Top P/E is 8282
Combined Rank
The Sharpe Ratio Rank of Top P/E is 8383Sharpe Ratio Rank
The Sortino Ratio Rank of Top P/E is 8484Sortino Ratio Rank
The Omega Ratio Rank of Top P/E is 7070Omega Ratio Rank
The Calmar Ratio Rank of Top P/E is 8888Calmar Ratio Rank
The Martin Ratio Rank of Top P/E is 8787Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Top P/E
Sharpe ratio
The chart of Sharpe ratio for Top P/E, currently valued at 2.85, compared to the broader market0.002.004.006.002.85
Sortino ratio
The chart of Sortino ratio for Top P/E, currently valued at 3.90, compared to the broader market-2.000.002.004.006.003.90
Omega ratio
The chart of Omega ratio for Top P/E, currently valued at 1.48, compared to the broader market0.801.001.201.401.601.802.001.48
Calmar ratio
The chart of Calmar ratio for Top P/E, currently valued at 4.95, compared to the broader market0.005.0010.0015.004.95
Martin ratio
The chart of Martin ratio for Top P/E, currently valued at 19.60, compared to the broader market0.0010.0020.0030.0040.0050.0019.60
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.66, compared to the broader market0.002.004.006.002.66
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.56, compared to the broader market-2.000.002.004.006.003.56
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.50, compared to the broader market0.801.001.201.401.601.802.001.50
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 3.81, compared to the broader market0.005.0010.0015.003.81
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 17.03, compared to the broader market0.0010.0020.0030.0040.0050.0017.03
Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
APPF
AppFolio, Inc.		0.361.021.130.571.37
SPLK
2.244.422.060.3028.38
XPO
1.712.631.313.456.73
PEN
Penumbra, Inc.		0.060.381.040.050.11
TTD
2.062.751.371.9813.48
MORN
Morningstar, Inc.		1.342.141.261.356.51
APP
AppLovin Corporation		8.027.681.948.8296.26
AXON
Axon Enterprise, Inc.		4.007.541.9411.0530.78
WING
1.181.531.241.455.43
LLY
Eli Lilly and Company		1.171.771.241.795.73
TYL
2.093.391.421.7015.10
PODD
Insulet Corporation		1.341.881.250.993.62
CELH
Celsius Holdings, Inc.		-0.79-1.110.87-0.66-1.19
DT
Dynatrace, Inc.		0.200.511.070.120.31
ONON
On Holding AG		2.052.911.331.8711.89
BSY
Bentley Systems, Incorporated		-0.31-0.240.97-0.25-0.91
NOW
ServiceNow, Inc.		1.812.341.342.869.66
OTEX
Open Text Corp		-0.75-0.810.87-0.52-1.01
MELI
MercadoLibre, Inc.		0.821.261.181.073.11
EQIX
Equinix, Inc.		0.721.291.150.721.67
PTC
PTC Inc.		1.111.541.201.764.29
ENTG
Entegris, Inc.		-0.020.241.03-0.03-0.06
NVDA
NVIDIA Corporation		3.873.901.517.4123.35
CDNS
Cadence Design Systems, Inc.		0.420.861.100.571.23
ALC
Alcon Inc.		0.901.521.191.014.43

Sharpe Ratio

The current Top P/E Sharpe ratio is 2.85. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 1.86 to 2.73, this portfolio's current Sharpe ratio is in the top 25%, it signifies superior risk-adjusted performance. This means that for the level of risk undertaken, the portfolio is generating impressive returns compared to most others.

Use the chart below to compare the Sharpe ratio of Top P/E with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.85
2.66
Top P/E
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

Top P/E provided a 0.32% dividend yield over the last twelve months.

TTM20232022202120202019201820172016201520142013
Portfolio0.32%0.27%0.46%0.23%0.26%0.29%0.76%0.31%0.72%0.53%0.42%0.31%
Portfolio components:
APPF
AppFolio, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPLK
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XPO
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PEN
Penumbra, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TTD
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MORN
Morningstar, Inc.		0.47%0.52%0.66%0.28%0.65%0.74%0.91%0.95%1.20%0.95%1.05%0.48%
APP
AppLovin Corporation		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
AXON
Axon Enterprise, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
WING
0.36%0.32%3.43%0.36%0.38%0.46%10.19%0.36%9.80%0.00%0.00%0.00%
LLY
Eli Lilly and Company		0.66%0.78%1.07%1.23%1.75%1.96%1.95%2.46%2.77%2.37%2.84%3.84%
TYL
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PODD
Insulet Corporation		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CELH
Celsius Holdings, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
DT
Dynatrace, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ONON
On Holding AG		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BSY
Bentley Systems, Incorporated		0.48%0.38%0.32%0.25%0.07%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NOW
ServiceNow, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
OTEX
Open Text Corp		3.50%2.35%3.13%1.78%1.60%1.54%1.80%1.43%1.44%2.45%1.15%0.98%
MELI
MercadoLibre, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.19%0.38%0.36%0.52%0.53%
EQIX
Equinix, Inc.		1.90%1.80%1.89%1.36%1.49%1.69%2.59%1.77%1.96%5.86%3.34%0.00%
PTC
PTC Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ENTG
Entegris, Inc.		0.39%0.33%0.61%0.23%0.33%0.60%1.00%0.23%0.00%0.00%0.00%0.00%
NVDA
NVIDIA Corporation		0.02%0.03%0.11%0.05%0.12%0.27%0.46%0.29%0.45%1.20%1.70%1.94%
CDNS
Cadence Design Systems, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ALC
Alcon Inc.		0.31%0.30%0.30%0.24%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.

-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.84%
-0.87%
Top P/E
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Top P/E. 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 Top P/E was 41.22%, occurring on May 11, 2022. Recovery took 266 trading sessions.

The current Top P/E drawdown is 1.84%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-41.22%Nov 10, 2021126May 11, 2022266Jun 2, 2023392
-10.22%Jul 17, 202414Aug 5, 202410Aug 19, 202424
-10.09%Sep 8, 202336Oct 27, 202312Nov 14, 202348
-8.33%Sep 24, 20217Oct 4, 202113Oct 21, 202120
-8.17%Mar 25, 202419Apr 19, 202418May 15, 202437

Volatility

Volatility Chart

The current Top P/E volatility is 5.52%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.52%
3.81%
Top P/E
Benchmark (^GSPC)
Portfolio components

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.
LLYPODDPENEQIXCELHWINGXPOONONSPLKALCAPPFAXONMORNMELIOTEXAPPNVDADTENTGPTCTTDCDNSTYLBSYNOW
LLY1.000.180.200.290.210.200.170.130.090.280.170.210.230.180.180.190.240.140.160.230.150.280.180.190.23
PODD0.181.000.470.380.370.370.330.360.340.450.310.390.400.430.340.370.340.380.370.390.410.380.460.420.39
PEN0.200.471.000.350.390.360.380.370.340.450.340.400.430.400.370.360.320.400.380.430.430.400.450.440.41
EQIX0.290.380.351.000.270.290.380.340.330.500.350.320.470.380.440.380.360.370.390.470.420.440.480.460.45
CELH0.210.370.390.271.000.330.360.450.360.370.420.370.360.440.400.440.420.440.410.420.480.420.420.450.45
WING0.200.370.360.290.331.000.390.350.330.340.390.470.390.400.360.450.450.430.460.420.420.460.450.490.46
XPO0.170.330.380.380.360.391.000.400.340.410.350.440.480.420.450.430.500.410.520.510.430.490.460.490.47
ONON0.130.360.370.340.450.350.401.000.390.390.410.460.400.460.450.480.440.420.450.460.550.420.460.520.47
SPLK0.090.340.340.330.360.330.340.391.000.380.440.400.390.480.450.500.480.520.460.470.540.480.530.490.57
ALC0.280.450.450.500.370.340.410.390.381.000.350.370.510.430.500.360.390.400.430.530.430.490.500.440.44
APPF0.170.310.340.350.420.390.350.410.440.351.000.450.420.440.450.470.430.520.430.510.510.470.510.540.54
AXON0.210.390.400.320.370.470.440.460.400.370.451.000.440.480.450.480.460.510.470.480.510.490.520.500.52
MORN0.230.400.430.470.360.390.480.400.390.510.420.441.000.460.480.440.470.490.510.570.470.540.560.520.54
MELI0.180.430.400.380.440.400.420.460.480.430.440.480.461.000.510.500.520.510.470.520.590.520.530.520.59
OTEX0.180.340.370.440.400.360.450.450.450.500.450.450.480.511.000.480.490.500.550.580.550.560.540.570.59
APP0.190.370.360.380.440.450.430.480.500.360.470.480.440.500.481.000.540.540.510.500.660.510.560.560.60
NVDA0.240.340.320.360.420.450.500.440.480.390.430.460.470.520.490.541.000.490.690.510.580.660.530.550.60
DT0.140.380.400.370.440.430.410.420.520.400.520.510.490.510.500.540.491.000.480.570.600.560.630.620.68
ENTG0.160.370.380.390.410.460.520.450.460.430.430.470.510.470.550.510.690.481.000.560.580.640.570.590.57
PTC0.230.390.430.470.420.420.510.460.470.530.510.480.570.520.580.500.510.570.561.000.540.620.590.610.63
TTD0.150.410.430.420.480.420.430.550.540.430.510.510.470.590.550.660.580.600.580.541.000.570.590.620.64
CDNS0.280.380.400.440.420.460.490.420.480.490.470.490.540.520.560.510.660.560.640.620.571.000.600.630.69
TYL0.180.460.450.480.420.450.460.460.530.500.510.520.560.530.540.560.530.630.570.590.590.601.000.650.66
BSY0.190.420.440.460.450.490.490.520.490.440.540.500.520.520.570.560.550.620.590.610.620.630.651.000.62
NOW0.230.390.410.450.450.460.470.470.570.440.540.520.540.590.590.600.600.680.570.630.640.690.660.621.00
The correlation results are calculated based on daily price changes starting from Sep 16, 2021