Ocean Health

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Ocean Health

Last updated May 18, 2024

Asset Allocation

Position	Category/Sector	Weight
CLH Clean Harbors, Inc.	Industrials	9.09%
GOGL Golden Ocean Group Limited	Industrials	9.09%
HZO MarineMax, Inc.	Consumer Cyclical	9.09%
MATX Matson, Inc.	Industrials	9.09%
MPX Marine Products Corporation	Consumer Cyclical	9.09%
OII Oceaneering International, Inc.	Energy	9.09%
OMEX Odyssey Marine Exploration, Inc.	Industrials	9.09%
ONEW OneWater Marine Inc.	Consumer Cyclical	9.09%
RSG Republic Services, Inc.	Industrials	9.09%
TDW Tidewater Inc.	Energy	9.09%
WM Waste Management, Inc.	Industrials	9.09%

Benchmark

S&P 500

Rebalance portfolio

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Ocean Health, 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

Ocean Health

Benchmark (^GSPC)

Portfolio components

The earliest data available for this chart is Feb 7, 2020, corresponding to the inception date of ONEW

Returns By Period

	Year-To-Date	1 month	6 months	1 year	5 years (annualized)	10 years (annualized)
^GSPC S&P 500	11.18%	5.60%	17.48%	26.33%	13.16%	10.99%
Ocean Health	9.07%	7.70%	27.26%	41.98%	N/A	N/A
Portfolio components:
CLH Clean Harbors, Inc.	22.12%	11.12%	29.61%	52.13%	25.77%	13.55%
OII Oceaneering International, Inc.	11.47%	5.28%	13.44%	45.97%	5.19%	-9.58%
WM Waste Management, Inc.	17.92%	2.08%	24.34%	29.66%	16.23%	19.67%
RSG Republic Services, Inc.	14.42%	-0.42%	19.27%	31.73%	19.16%	20.86%
GOGL Golden Ocean Group Limited	60.03%	16.65%	104.49%	91.59%	37.72%	-7.34%
HZO MarineMax, Inc.	-27.40%	4.36%	-6.89%	-2.45%	11.06%	6.82%
OMEX Odyssey Marine Exploration, Inc.	-13.55%	7.49%	8.94%	29.26%	-2.41%	-14.17%
ONEW OneWater Marine Inc.	-22.88%	7.73%	-0.08%	-8.14%	N/A	N/A
MPX Marine Products Corporation	-6.90%	-2.04%	8.63%	-26.46%	-2.61%	6.88%
MATX Matson, Inc.	6.70%	10.04%	22.97%	67.65%	26.20%	19.50%
TDW Tidewater Inc.	46.30%	17.14%	82.62%	135.60%	34.37%	-23.15%

Monthly Returns

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

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2024	-5.21%	7.24%	5.77%	-6.53%									9.07%
2023	6.56%	1.35%	-3.17%	1.63%	-1.32%	14.89%	6.63%	-5.98%	2.54%	-7.54%	6.07%	13.84%	38.28%
2022	0.29%	5.55%	8.39%	-6.76%	0.98%	-10.78%	6.64%	-2.57%	-10.75%	18.63%	1.84%	3.35%	11.59%
2021	6.22%	12.22%	3.53%	7.84%	4.37%	-0.84%	0.82%	0.35%	1.47%	2.28%	-3.12%	5.46%	47.76%
2020		-9.90%	-30.86%	20.78%	10.04%	17.60%	3.80%	9.37%	-5.30%	1.45%	22.93%	4.74%	36.73%

Expense Ratio

Ocean Health 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 rank of Ocean Health is 64, suggesting that the investment has average results relative to other portfolios in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.

Ocean Health

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin 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.

Ocean Health

^GSPC

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
CLH Clean Harbors, Inc.	2.01	2.77	1.35	2.96	9.41
OII Oceaneering International, Inc.	1.07	1.63	1.21	1.45	2.75
WM Waste Management, Inc.	1.86	3.10	1.38	2.28	6.11
RSG Republic Services, Inc.	2.42	3.47	1.44	3.62	10.25
GOGL Golden Ocean Group Limited	2.63	3.69	1.41	1.81	12.83
HZO MarineMax, Inc.	-0.04	0.27	1.03	-0.03	-0.08
OMEX Odyssey Marine Exploration, Inc.	0.57	1.27	1.15	0.49	2.35
ONEW OneWater Marine Inc.	-0.15	0.17	1.03	-0.12	-0.28
MPX Marine Products Corporation	-0.53	-0.49	0.94	-0.49	-0.86
MATX Matson, Inc.	2.37	3.13	1.39	1.57	9.78
TDW Tidewater Inc.	2.96	3.56	1.46	5.92	15.87

Sharpe Ratio

The current Ocean Health Sharpe ratio is 2.25. This value is calculated based on the past 12 months of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 1.77 to 2.59, this portfolio's current Sharpe ratio lies between the 25th and 75th percentiles. This indicates that the its risk-adjusted performance is in line with the majority of portfolios. This suggests a balanced approach to risk and return, which might be suitable for a broad range of investors.

Use the chart below to compare the Sharpe ratio of Ocean Health 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.

Ocean Health

Benchmark (^GSPC)

Portfolio components

Dividends

Dividend yield

Ocean Health granted a 1.15% dividend yield in the last twelve months.

	TTM	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Ocean Health	1.15%	1.25%	3.29%	2.50%	0.79%	1.30%	1.53%	1.01%	1.05%	2.53%	2.69%	1.93%
Portfolio components:
CLH Clean Harbors, 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%
OII Oceaneering International, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.13%	3.40%	2.88%	1.75%	1.06%
WM Waste Management, Inc.	1.35%	1.56%	1.66%	1.38%	1.85%	1.80%	2.09%	1.97%	2.31%	2.89%	2.92%	3.25%
RSG Republic Services, Inc.	1.12%	1.25%	1.48%	1.27%	1.72%	1.74%	2.00%	1.97%	2.17%	2.64%	2.68%	2.98%
GOGL Golden Ocean Group Limited	3.93%	5.12%	27.04%	17.20%	1.08%	5.60%	7.32%	0.00%	0.00%	0.00%	15.34%	8.47%
HZO MarineMax, 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%
OMEX Odyssey Marine Exploration, 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%
ONEW OneWater Marine Inc.	0.00%	0.00%	0.00%	2.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MPX Marine Products Corporation	5.17%	4.63%	4.00%	3.47%	2.36%	3.03%	2.83%	2.40%	1.60%	3.05%	1.81%	1.37%
MATX Matson, Inc.	1.10%	1.15%	1.95%	1.18%	1.58%	2.11%	2.56%	2.61%	2.09%	1.64%	1.91%	2.37%
TDW Tidewater Inc.	0.00%	0.00%	0.00%	0.00%	0.12%	0.00%	0.00%	0.04%	0.00%	14.75%	3.17%	1.73%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

Ocean Health

Benchmark (^GSPC)

Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Ocean Health. 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 Ocean Health was 49.28%, occurring on Mar 23, 2020. Recovery took 89 trading sessions.

The current Ocean Health drawdown is 0.73%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-49.28%	Feb 21, 2020	22	Mar 23, 2020	89	Jul 29, 2020	111
-25.7%	Mar 30, 2022	124	Sep 26, 2022	83	Jan 25, 2023	207
-11.81%	Mar 16, 2021	7	Mar 24, 2021	27	May 3, 2021	34
-11.8%	Aug 18, 2020	27	Sep 24, 2020	30	Nov 5, 2020	57
-11.23%	Jul 27, 2023	75	Nov 9, 2023	27	Dec 19, 2023	102

Volatility

Volatility Chart

The current Ocean Health volatility is 5.43%, 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.

Ocean Health

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.

	OMEX	GOGL	ONEW	RSG	TDW	WM	MPX	HZO	OII	MATX	CLH
OMEX	1.00	0.04	0.07	0.08	0.01	0.08	0.09	0.09	0.09	0.08	0.13
GOGL	0.04	1.00	0.20	0.17	0.33	0.17	0.20	0.22	0.34	0.41	0.33
ONEW	0.07	0.20	1.00	0.15	0.18	0.16	0.37	0.59	0.24	0.33	0.39
RSG	0.08	0.17	0.15	1.00	0.15	0.87	0.23	0.18	0.17	0.27	0.46
TDW	0.01	0.33	0.18	0.15	1.00	0.15	0.29	0.21	0.66	0.36	0.41
WM	0.08	0.17	0.16	0.87	0.15	1.00	0.25	0.19	0.20	0.27	0.47
MPX	0.09	0.20	0.37	0.23	0.29	0.25	1.00	0.42	0.32	0.36	0.40
HZO	0.09	0.22	0.59	0.18	0.21	0.19	0.42	1.00	0.28	0.43	0.40
OII	0.09	0.34	0.24	0.17	0.66	0.20	0.32	0.28	1.00	0.41	0.43
MATX	0.08	0.41	0.33	0.27	0.36	0.27	0.36	0.43	0.41	1.00	0.50
CLH	0.13	0.33	0.39	0.46	0.41	0.47	0.40	0.40	0.43	0.50	1.00