Baseline
Track disclosed holdings with the standard reporting lag and no active reweighting.
AI Summary
Concentrated real estate portfolio with defensive beta, but weak risk-adjusted results and persistent SPY underperformance.
Portfolio Snapshot
Current optimized weights for the selected default session.
| Symbol | Name | Sector | Weight | Diff |
|---|---|---|---|---|
| WELL | Welltower Inc. | Real Estate | 10.22% | 0 |
| PLD | Prologis, Inc. | Real Estate | 9.14% | 0 |
| EQIX | Equinix, Inc. | Real Estate | 7.19% | 0 |
| AMT | American Tower Corporation | Real Estate | 5.64% | 0 |
| DLR | Digital Realty Trust, Inc. | Real Estate | 4.64% | 0 |
| SPG | Simon Property Group, Inc. | Real Estate | 4.58% | 0 |
| CBRE | CBRE Group, Inc. | Real Estate | 4.45% | 0 |
| PSA | Public Storage | Real Estate | 4.45% | 0 |
| VTR | Ventas, Inc. | Real Estate | 4.34% | 0 |
| CCI | Crown Castle Inc. | Real Estate | 4.13% | 0 |
| O | Realty Income Corporation | Real Estate | 4.11% | 0 |
| IRM | Iron Mountain Incorporated | Real Estate | 3.99% | 0 |
| VICI | VICI Properties Inc. | Real Estate | 3.30% | 0 |
| EXR | Extra Space Storage Inc. | Real Estate | 3.19% | 0 |
| AVB | AvalonBay Communities, Inc. | Real Estate | 2.73% | 0 |
| SBAC | SBA Communications Corporation | Real Estate | 2.43% | 0 |
| EQR | Equity Residential | Real Estate | 2.36% | 0 |
| ESS | Essex Property Trust, Inc. | Real Estate | 1.78% | 0 |
| WY | Weyerhaeuser Company | Real Estate | 1.78% | 0 |
| INVH | Invitation Homes Inc. | Real Estate | 1.70% | 0 |
Sector Exposure
- Real Estate100.01%
Weight Changes
Notable position adjustments in the latest snapshot.
Performance vs Benchmark
Strategy NAV vs benchmark — hover for exact values.
Alpha Trend
Excess return vs benchmark over time.
Drawdown Trend
Underwater curve and peak drawdown marker.
Turnover Trend
Per-period turnover with average reference.
Strategy Comparison
All four default strategies side-by-side.
| Strategy | Annualized | Alpha | Sharpe | Max DD |
|---|---|---|---|---|
| Baseline | 4.19% | -5.72% | 0.30 | -38.51% |
| Momentum Screen | 1.90% | -7.00% | 0.19 | -38.97% |
| Basic Value Screen | 0.22% | -10.91% | 0.14 | -53.78% |
| Combo Equal Screen | 3.92% | -3.97% | 0.29 | -40.50% |
Recent Periods
Per-period performance vs benchmark.
| Period | Strategy | Benchmark | Excess | Turnover | Trades |
|---|---|---|---|---|---|
| 2025-05-31 | -1.19% | 3.75% | -4.94 | 1.14 | 31 |
| 2025-06-30 | 1.59% | 2.69% | -1.09 | 1.13 | 31 |
| 2025-07-31 | 2.01% | 2.05% | -0.04 | 1.27 | 31 |
| 2025-08-31 | 1.29% | 3.66% | -2.37 | 1.29 | 31 |
| 2025-09-30 | -3.11% | 2.05% | -5.16 | 9.57 | 31 |
| 2025-10-31 | 1.72% | 0.20% | +1.53 | 0.98 | 31 |
| 2025-11-30 | -0.33% | 0.99% | -1.32 | 0.84 | 31 |
| 2025-12-31 | 2.57% | 1.47% | +1.10 | 4.54 | 31 |
| 2026-01-31 | 6.92% | -1.35% | +8.27 | 0.90 | 31 |
| 2026-02-28 | -8.34% | -7.93% | -0.42 | 0.69 | 31 |
| 2026-03-31 | 6.75% | 9.42% | -2.66 | 5.03 | 31 |
| 2026-04-30 | 0.49% | 4.11% | -3.61 | 2.09 | 31 |
Strategy Q&A
Pre-generated questions and answers about this strategy.
- baseline13FChat AI
What does directly following XLRE | S&P 500 Real Estate Sector ETF expose an investor to as of 2026-04-30?
The baseline is a direct read-through of the disclosed ETF or index-like fund. It is led by WELL (Welltower Inc.) 10.22%, PLD (Prologis, Inc.) 9.14%, and EQIX (Equinix, Inc.) 7.19%, with sector exposure of Real Estate 100.01%. The baseline metrics show return 4.19%, alpha -5.72%, beta 0.80, Sharpe 0.30, Sortino 0.38, and max drawdown -38.51%, so this should be treated as an equity exposure with its own concentration and timing risk rather than a neutral benchmark clone.
fund.holdingsAsOfstrategyViews.baseline.topHoldingsstrategyViews.baseline.metrics↳ Compare the baseline holdings with the benchmark sector weights and identify the largest active risks.
- baseline13FChat AI
Which recent periods best explain the baseline risk-return trade-off?
The strongest recent period was 2026-01-31 (6.92% strategy return, -1.35% benchmark, 8.27% excess, 0.90% turnover), while the weakest was 2025-09-30 (-3.11% strategy return, 2.05% benchmark, -5.16% excess, 9.57% turnover). Those periods should be read alongside baseline metrics of return 4.19%, alpha -5.72%, beta 0.80, Sharpe 0.30, Sortino 0.38, and max drawdown -38.51% to judge whether returns came from persistent exposure or a narrow timing window.
strategyViews.baseline.periodPerformancestrategyViews.baseline.metrics↳ Show the worst drawdown windows and the top holdings active during those periods.
- baseline13FChat AI
Which holdings or sectors dominate the baseline risk profile?
Concentration is the first item to inspect: top 5 36.83%, top 10 58.78%, top 20 86.15%. The largest names are WELL (Welltower Inc.) 10.22%, PLD (Prologis, Inc.) 9.14%, EQIX (Equinix, Inc.) 7.19%, AMT (American Tower Corporation) 5.64%, and DLR (Digital Realty Trust, Inc.) 4.64%, and the largest sector exposures are Real Estate 100.01%. If those exposures reverse, baseline performance can diverge sharply from a broad index.
strategyViews.baseline.concentrationstrategyViews.baseline.sectorWeights↳ Show the top holdings, sector weights, and concentration metrics for the latest disclosed period.
Other strategies for this fund
Momentum Screen
Select holdings by historically observable momentum, targeting roughly one quarter of each period's original member count and no more than 20 names; when a period has over 100 members, pre-rank to the top 50 first.
Basic Value Screen
Select holdings using PE, PB, P/FCF, and EV/EBITDA, targeting roughly one quarter of each period's original member count and no more than 20 names; when a period has over 100 members, pre-rank to the top 50 first.
Combo Equal Screen
Filter for large-cap, quality, and low-leverage holdings, rank by composite quality/value/size score, keep the top 20 names, and equal-weight the selected names.