Optimization Strategybaseline
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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.

Annualized Return
4.19%
Annualized return
Alpha
-5.72%
Active return
Sharpe
0.30
Risk-adjusted return
Beta
0.80
Market sensitivity
Max Drawdown
-38.51%
Maximum drawdown
Top 5
36.83%
Top-5 concentration
Top 10
58.78%
Top-10 concentration
Top 20
86.15%
Top-20 concentration

Portfolio Snapshot

Current optimized weights for the selected default session.

SymbolNameSectorWeightDiff
WELLWelltower Inc.Real Estate10.22%0
PLDPrologis, Inc.Real Estate9.14%0
EQIXEquinix, Inc.Real Estate7.19%0
AMTAmerican Tower CorporationReal Estate5.64%0
DLRDigital Realty Trust, Inc.Real Estate4.64%0
SPGSimon Property Group, Inc.Real Estate4.58%0
CBRECBRE Group, Inc.Real Estate4.45%0
PSAPublic StorageReal Estate4.45%0
VTRVentas, Inc.Real Estate4.34%0
CCICrown Castle Inc.Real Estate4.13%0
ORealty Income CorporationReal Estate4.11%0
IRMIron Mountain IncorporatedReal Estate3.99%0
VICIVICI Properties Inc.Real Estate3.30%0
EXRExtra Space Storage Inc.Real Estate3.19%0
AVBAvalonBay Communities, Inc.Real Estate2.73%0
SBACSBA Communications CorporationReal Estate2.43%0
EQREquity ResidentialReal Estate2.36%0
ESSEssex Property Trust, Inc.Real Estate1.78%0
WYWeyerhaeuser CompanyReal Estate1.78%0
INVHInvitation Homes Inc.Real Estate1.70%0

Sector Exposure

  • Real Estate100.01%

Weight Changes

Notable position adjustments in the latest snapshot.

No weight changes vs original.

Performance vs Benchmark

Strategy NAV vs benchmark — hover for exact values.

BaselineBenchmark

Alpha Trend

Excess return vs benchmark over time.

Alpha (positive)Alpha (negative)

Drawdown Trend

Underwater curve and peak drawdown marker.

Max DD: -38.51%(Mar 20)

Turnover Trend

Per-period turnover with average reference.

Avg turnover: 1.77Peak: 9.57

Strategy Comparison

All four default strategies side-by-side.

StrategyAnnualizedAlphaSharpeMax DD
Baseline4.19%-5.72%0.30-38.51%
Momentum Screen1.90%-7.00%0.19-38.97%
Basic Value Screen0.22%-10.91%0.14-53.78%
Combo Equal Screen3.92%-3.97%0.29-40.50%

Recent Periods

Per-period performance vs benchmark.

PeriodStrategyBenchmarkExcessTurnoverTrades
2025-05-31-1.19%3.75%-4.941.1431
2025-06-301.59%2.69%-1.091.1331
2025-07-312.01%2.05%-0.041.2731
2025-08-311.29%3.66%-2.371.2931
2025-09-30-3.11%2.05%-5.169.5731
2025-10-311.72%0.20%+1.530.9831
2025-11-30-0.33%0.99%-1.320.8431
2025-12-312.57%1.47%+1.104.5431
2026-01-316.92%-1.35%+8.270.9031
2026-02-28-8.34%-7.93%-0.420.6931
2026-03-316.75%9.42%-2.665.0331
2026-04-300.49%4.11%-3.612.0931

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.

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