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Demo. Seven invented holdings, generated prices — the engine and every figure are the real ones.

Launch offer The paid plan, free for three months. No card. Do this with your own trades ›

Simulate

Try a change before you make it

Simulated on the example portfolio.

Change a position Build a split
Your trade, on paper
The holdings of the demo: ARBArbor IndustrialAUVAurum Vault TrustHLXHelix SemiconductorsKYPKeystone PaymentsORB-USDOrbitVRDVerdant Utilities
Result

0.0175 ORB-USD less

380 USD at the last known price (21,736.90), over 1,564 sessions up to 31 Dec 2024. Risk-free rate: 4.21%.

ORB-USD's share of the risk 7.7%5.5% −2.2 pp
Volatility 23.2%23.1% −0.1 pp
Effective positions 5.345.22 −0.12
Correlation with the demo portfolio
0.45

It shares part of your portfolio's movement: it diversifies somewhat, but less than being a different security would suggest.

Each holding, measured the same way

Before and after

Now · today's weights, Jan 2019 – Dec 2024

MetricNowAfterChange
ORB-USD's share of the risk 7.7% 5.5% −2.2 pp
HLX's share of the risk 62.4% 64.0% +1.6 pp
Annualised volatility 23.16% 23.08% −0.08 pp
Effective positions 5.34 5.22 −0.12
Maximum drawdown −35.09% −34.72% +0.37 pp
Annualised return 16.14% 15.27% −0.87 pp
Sharpe ratio 0.49 0.46 −0.03

The change bars share one scale, in points: right of the line it rose, left of it fell. The pair of thin bars under a share runs from 0 to 100%: Now above, After below.

Now replays today's weights over the whole window; the Overview measures what was actually held, from the first trade, so its figures can differ. See the Overview ›

What would change, in words
  • ORB-USD would be 4.6% of the money, against 6.1% now. Learn it ›
  • Its share of the risk would go from 7.7% to 5.5%: about the same share of the risk as of the money. Learn it ›
  • The portfolio's annual volatility would fall from 23.2% to 23.1%, 0.08 points less. Learn it ›
  • Over this same window, the worst fall from a peak would have been −34.7% instead of −35.1%. Learn it ›
  • The money would be spread like 5.2 equal positions instead of 5.3. Learn it ›
  • Return per unit of risk over the window: 0.46 instead of 0.49. Learn it ›

How the money is split

Measured on weekdays: weekend moves are counted on Monday. The total return between two dates is the same either way. Digital assets close at 00:00 UTC and US shares at 16:00 New York time, three to four hours earlier depending on daylight saving. That gap makes the daily correlation between a share and a digital asset read slightly lower than it really is. Learn: why weekdays ›
The full menu

The solid curve is the most return that mixing these holdings could have given for each level of risk. Its dashed branch is the same risk for less return: starting from the least profitable holding, raising the return at first lowers the risk, because diversifying cancels variance. Point at the chart to read a split, and press a point to choose it.

    7 positions. After the change the portfolio would have had 23.1% volatility and returned 15.3% a year, against 23.2% and 16.1% now. The table below lists every point of the chart and its split.

    Data table
    Every point of the chart with its split
    PointVolatilityBlended returnBlended Sharpe ratioARBAUVHLXKYPORB-USDVRDUST 2.25% 2031
    After 23.1% 11.8% 0.33 17.3%7.3%30.2%18.1%4.6%6.4%16.2%
    Now 23.2% 12.5% 0.36 17.0%7.1%29.8%17.8%6.0%6.3%16.0%
    Lowest risk 5.8% 3.1% -0.19 4.9%14.9%0.0%2.9%0.0%18.4%58.9%
    UST 2.25% 2031 7.6% 0.9% -0.43 0.0%0.0%0.0%0.0%0.0%0.0%100.0%
    VRD 13.3% 4.8% 0.04 0.0%0.0%0.0%0.0%0.0%100.0%0.0%
    KYP 30.3% 5.5% 0.04 0.0%0.0%0.0%100.0%0.0%0.0%0.0%
    ARB 20.1% 7.1% 0.14 100.0%0.0%0.0%0.0%0.0%0.0%0.0%
    AUV 14.2% 8.0% 0.27 0.0%100.0%0.0%0.0%0.0%0.0%0.0%
    HLX 50.8% 19.4% 0.30 0.0%0.0%100.0%0.0%0.0%0.0%0.0%
    ORB-USD 65.2% 58.9% 0.84 0.0%0.0%0.0%0.0%100.0%0.0%0.0%
    Same risk, less return 7.1% 1.2% -0.42 0.0%0.0%0.0%0.6%0.0%6.3%93.0%
    Same risk, less return 6.7% 1.5% -0.41 0.0%0.0%0.0%2.1%0.0%11.7%86.2%
    Same risk, less return 6.5% 1.7% -0.38 0.1%1.4%0.0%3.0%0.0%15.0%80.5%
    Same risk, less return 6.2% 2.0% -0.35 1.1%4.2%0.0%2.9%0.0%15.7%76.2%
    Same risk, less return 6.1% 2.3% -0.31 2.1%6.8%0.0%2.9%0.0%16.3%71.9%
    Same risk, less return 5.9% 2.6% -0.28 3.0%9.5%0.0%2.9%0.0%17.0%67.6%
    Same risk, less return 5.9% 2.8% -0.23 3.9%12.2%0.0%2.9%0.0%17.7%63.2%
    Efficient frontier 6.4% 5.7% 0.23 5.0%21.5%1.6%0.0%3.3%18.9%49.7%
    Efficient frontier 7.8% 8.2% 0.51 4.1%28.0%2.2%0.0%6.7%19.6%39.4%
    Efficient frontier 9.7% 10.7% 0.67 3.1%34.8%2.7%0.0%10.1%20.1%29.1%
    Efficient frontier 11.9% 13.3% 0.76 2.3%41.5%3.3%0.0%13.6%20.4%18.9%
    Efficient frontier 14.3% 15.8% 0.81 1.4%48.0%3.9%0.0%17.0%21.1%8.5%
    Efficient frontier 16.7% 18.3% 0.85 0.2%54.0%4.5%0.0%20.6%20.7%0.0%
    Efficient frontier 19.2% 20.9% 0.87 0.0%56.5%4.4%0.0%25.2%13.9%0.0%
    Efficient frontier 21.9% 23.4% 0.88 0.0%59.0%4.3%0.0%29.8%7.0%0.0%
    Efficient frontier 24.6% 25.9% 0.88 0.0%61.4%4.1%0.0%34.4%0.1%0.0%
    Efficient frontier 27.5% 28.5% 0.88 0.0%56.7%3.9%0.0%39.4%0.0%0.0%
    Efficient frontier 30.4% 31.0% 0.88 0.0%52.0%3.5%0.0%44.4%0.0%0.0%
    Efficient frontier 33.4% 33.5% 0.88 0.0%47.3%3.2%0.0%49.5%0.0%0.0%
    Efficient frontier 36.5% 36.1% 0.87 0.0%42.5%2.9%0.0%54.5%0.0%0.0%
    Efficient frontier 39.6% 38.6% 0.87 0.0%37.8%2.6%0.0%59.6%0.0%0.0%
    Efficient frontier 42.7% 41.1% 0.86 0.0%33.1%2.2%0.0%64.6%0.0%0.0%
    Efficient frontier 45.9% 43.7% 0.86 0.0%28.4%1.9%0.0%69.7%0.0%0.0%
    Efficient frontier 49.1% 46.2% 0.86 0.0%23.6%1.6%0.0%74.8%0.0%0.0%
    Efficient frontier 52.3% 48.7% 0.85 0.0%18.9%1.3%0.0%79.8%0.0%0.0%
    Efficient frontier 55.5% 51.3% 0.85 0.0%14.2%0.9%0.0%84.9%0.0%0.0%
    Efficient frontier 58.7% 53.8% 0.84 0.0%9.6%0.5%0.0%89.9%0.0%0.0%
    Efficient frontier 61.9% 56.3% 0.84 0.0%5.0%0.0%0.0%95.0%0.0%0.0%
    The chart places each split by its blended return: the average of each holding's own annualised return, weighted by the split, which is what the optimiser works with. The table above replays the whole portfolio day by day, so its return and Sharpe ratio can differ. The volatilities agree.
    Every weight, and how these figures are made
    SymbolNowAfterChange
    ARB 17.0% 17.3% +0.3 pp
    AUV 7.2% 7.3% +0.1 pp
    HLX 29.8% 30.2% +0.5 pp
    KYP 17.8% 18.1% +0.3 pp
    ORB-USD · simulated 6.1% 4.6% −1.4 pp
    VRD 6.3% 6.4% +0.1 pp
    UST 2.250% 2031-02-15 16.0% 16.2% +0.2 pp

    The thin bars under Now and After run from 0 to 100% of the portfolio. The change bars share one scale, in points: right of the line it rose, left of it fell.

    Effective positions turns concentration into something readable: a portfolio with 90% in one holding and the rest spread around is equivalent to holding barely more than one position, whatever the names on it are.

    Both columns are computed over the same window with the engine that produces every other figure here — the simulated portfolio is not modelled, it is measured. The correlation with the portfolio is the number that decides whether this trade diversifies or just adds more of what you already own: near 1 means it moves with the portfolio, so buying it increases the existing bet rather than spreading it. This is a simulation of consequences, not a recommendation.

    This describes consequences; it is not a recommendation to buy or to sell.