Tactical: Managed, ranked by M-squared

for period ending June 30, 2025

More ways to view this list of Portfolio Recipes:
Recipe Summary Page (Total Return with Maximum Drawdown Scatterplots)
by Return: Total Return (1, 3, 5, 10, 15, 20 years), Historical Return (past 5 years)
by Risk vs. Return: Risk vs. Return Compass, M-Squared, Alpha, Sharpe Ratio, Sortino Ratio, Treynor Ratio
by Volatility / Risk: Maximum Drawdown, Standard Deviation, Downside Deviation, Beta
by Peer Group: Strategic: DIY, Tactical: DIY, Tactical: Managed

M-Squared is the Modigliani risk-adjusted performance, shown as an annual total return percent. It is derived from the Sharpe ratio, but M-Squared is in units of percent return. M-Squared inputs include standard deviation, the monthly total return, the risk-free rate (3-month T-bill), and the return of a benchmark equity portfolio (the S&P 500, represented by the SPY exchange-traded fund).

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Portfolio Recipes: Tactical: Managed Peer Group
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      M-Squared   Total Return, annualized
Recipe Name ID Category 1 year 3 year 5 year 10 year 15 year 20 year   1 year 3 year 5 year 10 year 15 year 20 year
    Group average  
 
U.S. Total Bond Market BND Benchmark -6.5% * * * * *   6.1% * * * * *
S&P 500 SPY Benchmark 0.0% * * * * *   14.9% * * * * *
Strategic 60-40 Portfolio s.6040 Benchmark -0.4% * * * * *   11.6% * * * * *
S&P 500 Equal Weight RSP Equal Weight -3.0% * * * * *   12.4% * * * * *
Permanent Portfolio PRPFX Low Equity 20.2% * * * * *   22.6% * * * * *
Hedge Replication HDG Blended -10.2% * * * * *   4.5% * * * * *
Inv Dorsey Wright PDP Blended -6.2% * * * * *   11.2% * * * * *
Inv Dynamic Market PWC Blended -2.1% * * * * *   12.4% * * * * *
NYLI Hedge Multi-Strat QAI Blended -5.0% * * * * *   6.5% * * * * *
ProShares Lg Cap CSM Hedged: 130-30 -0.0% * * * * *   14.9% * * * * *
MultiAsset ETF RLY Hedged: Abs Return -4.6% * * * * *   8.2% * * * * *
NYLI Merger Arbitrage MNA Hedged: Arbitrage 27.4% * * * * *   11.6% * * * * *
AGF AntiBeta BTAL Hedged: Mkt Neutral -18.7% * * * * *   -6.6% * * * * *
WisdmTr EM HiYld DEM Income: Equity -3.0% * * * * *   10.1% * * * * *
WisdmTr EM SmCap DGS Income: Equity -3.8% * * * * *   10.5% * * * * *
WisdomTree ex-US DLN Income: Equity 1.5% * * * * *   15.2% * * * * *
WisdmTr Intl SmCap DLS Income: Equity 9.8% * * * * *   23.7% * * * * *
iShares Select Dividend DVY Income: Equity -2.3% * * * * *   14.1% * * * * *
SPDR S&P Int'l DWX Income: Equity 12.4% * * * * *   27.6% * * * * *
iShares Core Hi Div HDV Income: Equity -3.4% * * * * *   11.6% * * * * *
iShr Intl Select Dividend IDV Income: Equity 18.5% * * * * *   32.0% * * * * *
Invesco Intl Div PID Income: Equity 6.2% * * * * *   18.8% * * * * *
SPDR S&P Dividend SDY Income: Equity -5.7% * * * * *   9.6% * * * * *
Vanguard Hi Div Yld ETF VYM Income: Equity 1.1% * * * * *   15.5% * * * * *
Invesco Sr Loan ETF BKLN Income: Float Rate 9.3% * * * * *   7.6% * * * * *
Invesco Multi-Asset CVY Income: Multi -8.4% * * * * *   6.7% * * * * *
SPDR Conv Sec CWB Income: Multi 4.2% * * * * *   17.0% * * * * *
SPDR Inc Alloc INKM Income: Multi 0.9% * * * * *   10.6% * * * * *
iSh MultiAsset Income IYLD Income: Multi 3.1% * * * * *   10.0% * * * * *
FirstTrust Multi-Asset MDIV Income: Multi -6.6% * * * * *   7.3% * * * * *
iShr Preferred ETF PFF Income: Multi -11.8% * * * * *   3.7% * * * * *
Invesco Preferred ETF PGX Income: Multi -13.9% * * * * *   2.2% * * * * *
First Trust Focus 5 FV Sector Rotation -11.0% * * * * *   3.9% * * * * *
iShr Aggressive AOA Risk-Driven 3.3% * * * * *   14.1% * * * * *
iShr Conservative AOK Risk-Driven 0.8% * * * * *   9.4% * * * * *
iShr Moderate AOM Risk-Driven 2.2% * * * * *   10.5% * * * * *
iShr Growth AOR Risk-Driven 2.9% * * * * *   12.3% * * * * *
BNY Dynamic Ins AVGRX Blended -18.8% * * * * *   1.9% * * * * *
Principal GlobMultiStrat PMSAX Blended -4.1% * * * * *   6.2% * * * * *
Hundredfold Select SFHYX Blended 0.6% * * * * *   8.9% * * * * *
UBS Global Alloc BPGLX Global Macro 2.2% * * * * *   12.2% * * * * *
DFA Select Hedged DSHGX Global Macro 2.3% * * * * *   14.8% * * * * *
GMO Benchm-Free GBMFX Global Macro 2.9% * * * * *   10.2% * * * * *
Leuthold Global GLBIX Global Macro -3.3% * * * * *   8.9% * * * * *
GMO Global Alloc GMWAX Global Macro 4.4% * * * * *   12.4% * * * * *
Mac Asset Strategy IVAEX Global Macro 6.5% * * * * *   14.7% * * * * *
Leuthold Core LCORX Global Macro -3.9% * * * * *   10.0% * * * * *
Loomis Global Alloc Y LSWWX Global Macro -2.3% * * * * *   11.2% * * * * *
BlackRock Global I MALOX Global Macro 5.6% * * * * *   15.2% * * * * *
MFS Global Tot Ret MFWIX Global Macro 1.9% * * * * *   12.0% * * * * *
PIMCO All-Asset PAUIX Global Macro -1.2% * * * * *   9.6% * * * * *
Thornburg Inv Income Y TIBIX Global Macro 28.0% * * * * *   25.7% * * * * *
VALIC Global Strat VGLSX Global Macro 5.4% * * * * *   13.5% * * * * *
NYLI Int'l Res MYITX Hedged: 130-30 13.4% * * * * *   22.1% * * * * *
MFS Target Return A DVRAX Hedged: Abs Return 11.9% * * * * *   9.9% * * * * *
EatonVance GlobalMacro EIGMX Hedged: Abs Return 10.6% * * * * *   8.3% * * * * *
Virtus ASG Global GAFYX Hedged: Abs Return -8.6% * * * * *   5.4% * * * * *
Goldman Sachs Instl GARTX Hedged: Abs Return -6.9% * * * * *   6.1% * * * * *
Jhancock Multi Abs Ret I JHAIX Hedged: Abs Return -3.8% * * * * *   8.5% * * * * *
Putnam Short Dur Y PARYX Hedged: Abs Return -12.6% * * * * *   4.2% * * * * *
Putnam Core Bond Y PYTRX Hedged: Abs Return -6.1% * * * * *   6.2% * * * * *
AQR Divers N ADANX Hedged: Arbitrage 1.2% * * * * *   6.5% * * * * *
Arbitrage Fund ARBNX Hedged: Arbitrage 3.6% * * * * *   7.0% * * * * *
BlackRock EmMkt A BLSAX Hedged: Long/Short 0.1% * * * * *   13.0% * * * * *
Robeco Long/Short I BPLSX Hedged: Long/Short 9.8% * * * * *   22.4% * * * * *
Diamond Hill Long-Short I DHLSX Hedged: Long/Short -0.6% * * * * *   9.8% * * * * *
Cromwell L/S MFADX Hedged: Long/Short -1.8% * * * * *   11.8% * * * * *
Calamos Market Neu Inc CVSIX Hedged: Mkt Neutral 17.3% * * * * *   7.3% * * * * *
Gabelli ABC AAA GABCX Hedged: Mkt Neutral -1.3% * * * * *   7.5% * * * * *
JPMorgan Mkt Neutral A JMNAX Hedged: Mkt Neutral 2.5% * * * * *   8.3% * * * * *
Vanguard Market Neutral VMNFX Hedged: Mkt Neutral -10.4% * * * * *   4.5% * * * * *
Fidelity Equity FEQTX Income: Equity 3.9% * * * * *   17.3% * * * * *
Fidelity Strategic FSDIX Income: Equity -2.2% * * * * *   11.1% * * * * *
Columbia Div Income LBSAX Income: Equity -0.5% * * * * *   13.5% * * * * *
Invesco Divers Dividend LCEIX Income: Equity -1.5% * * * * *   13.3% * * * * *
BlackRock Eq Dividend MDDVX Income: Equity -1.2% * * * * *   13.4% * * * * *
T. Rowe Equity Income PRFDX Income: Equity -4.5% * * * * *   10.5% * * * * *
Schwab Div Equity SWDSX Income: Equity 5.1% * * * * *   18.0% * * * * *
Vanguard Equity VEIPX Income: Equity 1.6% * * * * *   15.3% * * * * *
Lord Abbett Float Rate LFRAX Income: Float Rate -12.7% * * * * *   4.0% * * * * *
Calamos Global Opp CVLOX Income: Global -0.5% * * * * *   13.5% * * * * *
Loomis Global Alloc A LGMAX Income: Global -2.6% * * * * *   10.9% * * * * *
Neuberger Berman Eq Inc NBHAX Income: Global 4.9% * * * * *   17.9% * * * * *
Thornburg Inv Income A TIBAX Income: Global 25.1% * * * * *   24.4% * * * * *
Am Century Target Date ARTOX Income: Multi 0.4% * * * * *   9.7% * * * * *
BlackRock Strat Inc Opp BASIX Income: Multi -5.1% * * * * *   5.8% * * * * *
Calamos Convertible CCVIX Income: Multi 0.2% * * * * *   15.0% * * * * *
Invesco Convertible Y CNSDX Income: Multi 2.0% * * * * *   15.9% * * * * *
Fidelity Convertibles FCVSX Income: Multi -3.8% * * * * *   12.0% * * * * *
Goldman Sachs Dyn A GSZAX Income: Multi -7.8% * * * * *   5.2% * * * * *
WestWood REs Inc KIFYX Income: Multi -13.9% * * * * *   2.0% * * * * *
Nuveen Preferred I NPSRX Income: Multi -1.3% * * * * *   7.0% * * * * *
Pimco Income PONPX Income: Multi -5.3% * * * * *   6.1% * * * * *
Principal Spectrum PPSIX Income: Multi 3.9% * * * * *   8.0% * * * * *
T. Rowe Price Global PRSNX Income: Multi -14.1% * * * * *   3.7% * * * * *
T. Rowe Retire Balanced TRRIX Income: Multi -1.9% * * * * *   7.8% * * * * *
Vanguard LifeStrategy VASIX Income: Multi -2.3% * * * * *   7.8% * * * * *
Vanguard Target Retire VTINX Income: Multi 0.5% * * * * *   8.7% * * * * *
Vanguard Wellesley Adm VWIAX Income: Multi -1.8% * * * * *   9.2% * * * * *
Fidelity Muni FHIGX Income: Tax Exempt -32.1% * * * * *   -3.0% * * * * *
Nuveen Amer Muni FLAAX Income: Tax Exempt -28.0% * * * * *   -1.1% * * * * *
BlackRock Nat'l Muni MDNLX Income: Tax Exempt -32.2% * * * * *   -1.3% * * * * *
T. Rowe Summit Muni PRINX Income: Tax Exempt -29.0% * * * * *   -1.7% * * * * *
Vanguard LT Tax-Exempt VWLTX Income: Tax Exempt -27.4% * * * * *   -1.5% * * * * *
Sound Mind Investing SMIFX Momentum -9.0% * * * * *   6.0% * * * * *
Sector Rotation NAVFX Sector Rotation 0.3% * * * * *   17.0% * * * * *
FundX ETF XCOR Momentum -5.2% * * * * *   10.4% * * * * *
ALPS Insurance Trust BETFX Risk-Driven 2.4% * * * * *   11.8% * * * * *
Columbia Thermostat COTZX Risk-Driven 8.7% * * * * *   14.7% * * * * *
Dodge & Cox Balanced DODBX Risk-Driven 0.3% * * * * *   12.0% * * * * *
Fidelity Balanced FBALX Risk-Driven -6.1% * * * * *   8.1% * * * * *
Fidelity Puritan FPURX Risk-Driven -8.8% * * * * *   6.0% * * * * *
Janus Balanced JANBX Risk-Driven 1.6% * * * * *   13.6% * * * * *
Schwab Balanced SWOBX Risk-Driven 0.4% * * * * *   11.2% * * * * *
Vanguard Balanced VBIAX Risk-Driven -2.2% * * * * *   11.0% * * * * *
ValueLine AssetAlloc VLAAX Risk-Driven -1.7% * * * * *   11.3% * * * * *
Vanguard Wellesley Inv VWINX Risk-Driven 0.5% * * * * *   10.1% * * * * *
Vanguard LifeStrat Growth VASGX Risk-Driven 5.3% * * * * *   14.8% * * * * *
Vanguard Wellington Inv VWELX Risk-Driven 4.7% * * * * *   14.8% * * * * *
Vanguard STAR Inv VGSTX Risk-Driven 0.7% * * * * *   12.0% * * * * *
FPA Crescent FPACX Risk-Driven -1.4% * * * * *   10.7% * * * * *
Allspring Asset Alloc WFAIX Risk-Driven -1.4% * * * * *   10.7% * * * * *
Berkshire Hathaway Inc BRK.A Global Macro -1.4% * * * * *   19.0% * * * * *