Chasing memes and monthly income with a secretly boring index core wearing a complicated costume
Report created on May 9, 2026Risk profile
4/7
Diversification profile
3/5
Positions
-
SP State Street® SPDR® Portfolio S&P 500® ETF
SPYM - US78464A8541 30.00% -
QQ NEOS Nasdaq 100 High Income ETF
QQQI - US78433H6751 20.00% -
QQ Invesco NASDAQ 100 ETF
QQQM - US46138G6492 20.00% -
SP SHP ETF Trust - NEOS S&P 500 High Income ETF
SPYI - US78433H3030 20.00% -
SC Schwab U.S. Dividend Equity ETF
SCHD - US8085247976 10.00%
This “balanced” portfolio is basically two ideas screaming over each other: plain-vanilla S&P 500 and NASDAQ 100, then the same thing again wrapped in high-income option overlays. It’s like buying the same car four times, then bolting on two aftermarket exhausts and calling it a collection. The structure screams over-engineered while actually being quite simple underneath: a US large-cap growth engine with a dividend flavor garnish. The dividend ETF on the side looks almost apologetic next to the leverage-by-options vibes of the high-income funds. Overall, it’s more duplication than diversification, and the “moderately diversified” label feels like generous grading on a very easy curve.
Growth
The recent performance looks shiny on the surface: turning $1,000 into $1,502 with a 19.78% CAGR over a short window is nothing to be ashamed of. Then the benchmarks walk in and quietly outdo it, with both US and global markets growing slightly faster while suffering basically the same punch to the face in drawdowns. CAGR (compound annual growth rate) is just the smoothed average speed on this road trip, and yours is cruising just behind the pack. With an -18.83% max drawdown almost identical to the benchmarks, this portfolio manages the neat trick of taking benchmark-level pain for slightly less gain. Strong, but not special, and definitely not worth bragging about.
Projection
The Monte Carlo simulation basically runs this portfolio through 1,000 alternate universes and asks, “How weird could this get over 15 years?” Median outcome is $2,764 from $1,000, which is fine, not legendary. The range is where it gets humbling: anything from basically ending around flat at $986 to moonshot territory at $7,835. Simulations average an 8.12% annual return, which is much calmer than the recent heat. But Monte Carlo is still just rolling fancy dice with yesterday’s weather patterns — helpful, not prophetic. The portfolio comes off as reasonably capable of growth, but nowhere near as bulletproof as the dividend-and-income marketing would love people to believe.
Asset classes
- Stocks 70%
- No data 30%
On the asset class front, this is a one-trick pony that insists it’s a circus. Seventy percent clearly shows up as stocks; the other 30% is a big “No data” black box, which is more about reporting limitations than secret strategy. Still, functionally, what’s visible is just an equity portfolio with no obvious ballast. There’s no sign of classic diversifiers — it’s all risk-on, just sliced into index, high income, and dividend flavors. For something labeled “balanced,” it leans heavily into the “hope markets don’t implode” side of life. The structure says equity machine first, everything else a distant afterthought, if it exists at all.
Sectors
- Technology 31%
- Telecommunications 9%
- Consumer Discretionary 8%
- Consumer Staples 6%
- Health Care 5%
- Industrials 4%
- Financials 3%
- Energy 3%
- Utilities 1%
- Basic Materials 1%
Sector-wise, this thing is clearly tech-leaning cosplay. With 31% in Technology and another chunk in related growthy areas like telecom and consumer discretionary, it’s basically betting the modern economy keeps being the modern economy. Defensive sectors like utilities, basic materials, and even health care show up as tiny footnotes, like they were included just to avoid embarrassment. Compared with broad indexes, the tech and growth tilt is louder here, even though the marketing spins a “dividends and income” story. When those high-flying areas wobble, this portfolio will feel it first and most. The sector mix screams “I love growth stocks” even while the yield branding pretends it’s all about steady income.
Regions
- North America 69%
- Europe Developed 1%
Geographically, the portfolio appears to believe the rest of the world is a rumor. With 69% in North America and a token 1% in developed Europe, the global map might as well just be a zoomed-in US flag. This isn’t “world investing”; it’s home-country bias cosplaying as sophistication. Sure, US dominance has worked recently, but that’s past-tense luck, not a law of physics. When almost everything lives in one region, local shocks — policy changes, tech regulation, or just bad vibes — can hit everything at once. The “Global Market” benchmark beating this portfolio isn’t an accident; it’s a quiet reminder that the other 40–50% of world equity value exists for a reason.
Market capitalization
- Mega-cap 31%
- Large-cap 28%
- Mid-cap 10%
- Small-cap 1%
Market cap exposure makes it very clear: this portfolio only wants to hang out with the popular kids. With 31% in mega-caps and 28% in large-caps, and barely any love for mid and small companies, it’s basically the S&P + NASDAQ celebrity list with a couple of forgettable side characters. That 1% in small-cap might as well be a rounding error. Big names are great until crowd behavior turns — then everyone tries to squeeze through the same door at once. This setup is heavily reliant on the continued dominance of the largest companies, which is fine when that works, but it’s not exactly adventurous or broad-based.
True holdings
-
NV NVIDIA Corporation 7.10%
Part of fund(s):- Invesco NASDAQ 100 ETF
- NEOS Nasdaq 100 High Income ETF
- SHP ETF Trust - NEOS S&P 500 High Income ETF
- State Street® SPDR® Portfolio S&P 500® ETF
-
AA Apple Inc 6.12%
Part of fund(s):- Invesco NASDAQ 100 ETF
- NEOS Nasdaq 100 High Income ETF
- SHP ETF Trust - NEOS S&P 500 High Income ETF
- State Street® SPDR® Portfolio S&P 500® ETF
-
MS Microsoft Corporation 4.59%
Part of fund(s):- Invesco NASDAQ 100 ETF
- NEOS Nasdaq 100 High Income ETF
- SHP ETF Trust - NEOS S&P 500 High Income ETF
- State Street® SPDR® Portfolio S&P 500® ETF
-
AM Amazon.com Inc 3.97%
Part of fund(s):- Invesco NASDAQ 100 ETF
- NEOS Nasdaq 100 High Income ETF
- SHP ETF Trust - NEOS S&P 500 High Income ETF
- State Street® SPDR® Portfolio S&P 500® ETF
-
GO Alphabet Inc Class A 3.18%
Part of fund(s):- Invesco NASDAQ 100 ETF
- NEOS Nasdaq 100 High Income ETF
- SHP ETF Trust - NEOS S&P 500 High Income ETF
- State Street® SPDR® Portfolio S&P 500® ETF
-
AV Broadcom Inc 2.82%
Part of fund(s):- Invesco NASDAQ 100 ETF
- NEOS Nasdaq 100 High Income ETF
- SHP ETF Trust - NEOS S&P 500 High Income ETF
- State Street® SPDR® Portfolio S&P 500® ETF
-
GO Alphabet Inc Class C 2.73%
Part of fund(s):- Invesco NASDAQ 100 ETF
- NEOS Nasdaq 100 High Income ETF
- SHP ETF Trust - NEOS S&P 500 High Income ETF
- State Street® SPDR® Portfolio S&P 500® ETF
-
ME Meta Platforms Inc. 2.34%
Part of fund(s):- Invesco NASDAQ 100 ETF
- NEOS Nasdaq 100 High Income ETF
- SHP ETF Trust - NEOS S&P 500 High Income ETF
- State Street® SPDR® Portfolio S&P 500® ETF
-
TS Tesla Inc 2.25%
Part of fund(s):- Invesco NASDAQ 100 ETF
- LS 1x Tesla Tracker ETP Securities GBP
- NEOS Nasdaq 100 High Income ETF
- SHP ETF Trust - NEOS S&P 500 High Income ETF
- State Street® SPDR® Portfolio S&P 500® ETF
-
MU Micron Technology Inc 1.31%
Part of fund(s):- Invesco NASDAQ 100 ETF
- NEOS Nasdaq 100 High Income ETF
- Top 10 total 36.41%
The look-through holdings are a game of “Spot the Duplicate” where everything is the same answer. NVIDIA, Apple, Microsoft, Amazon, Alphabet, Meta, Tesla — the whole Magnificent Mega-Cap parade shows up everywhere. NVIDIA alone at 7.10% and Apple at 6.12% across the stack are doing a lot of work, even before counting all the positions quietly hiding beyond the top-10 data. It’s a classic ETF-overlap problem: multiple funds holding the same giants and pretending to be different. The portfolio may look like five ETFs on paper, but under the hood it’s a handful of tech-heavy mega-caps wearing different wrappers and fee structures.
Factors
Factor exposures are estimated using statistical models based on historical data and measure systematic (market-relative) tilts, not absolute portfolio characteristics. Results may vary depending on the analysis period, data availability, and currency of the underlying assets.
Factor exposure here is a slightly chaotic personality test. Size is very low, meaning a strong tilt away from smaller companies — this portfolio wants nothing to do with scrappy underdogs. Momentum at 75% says it loves whatever has already been working, chasing winners like a trend-hopping bandwagon fan. Yield at 68% and low volatility at 71% create an odd combo: high yield, supposedly “calmer” names, yet still big-time momentum. Factor exposure is just the hidden ingredients list, and this recipe says: big, popular, recently successful, high-income names. Leaning this hard into momentum while trusting low-vol and yield to save the day is like flooring the gas and then pointing to the seatbelts as risk management.
Risk contribution
-
State Street® SPDR® Portfolio S&P 500® ETF
Weight: 30.00% 30.1% -
Invesco NASDAQ 100 ETF
Weight: 20.00% 25.7% -
NEOS Nasdaq 100 High Income ETF
Weight: 20.00% 21.7% -
SHP ETF Trust - NEOS S&P 500 High Income ETF
Weight: 20.00% 17.0% -
Schwab U.S. Dividend Equity ETF
Weight: 10.00% 5.6%
Risk contribution makes it very obvious who’s actually driving the bus. The top three positions by weight — S&P 500 ETF, Invesco NASDAQ 100, and NEOS NASDAQ 100 High Income — contribute over 77% of total risk. The NASDAQ ETF in particular punches above its weight with a risk/weight ratio of 1.29, doing more than its share of shaking the portfolio around. Meanwhile, the dividend ETF quietly contributes just 5.56% of risk despite a 10% weight, basically the designated responsible adult in a room full of caffeinated teenagers. This is sold as a diversified lineup, but from a risk standpoint it’s a three-stock band with two backups.
Redundant positions
-
High correlationState Street® SPDR® Portfolio S&P 500® ETFInvesco NASDAQ 100 ETFNEOS Nasdaq 100 High Income ETFSHP ETF Trust - NEOS S&P 500 High Income ETF
Correlation-wise, almost everything here moves together like a synchronized swimming team — elegant in good times, a complete disaster when the pool drains. Highly correlated holdings mean that when one big index or tech-heavy basket drops, they all tend to sag at the same time. Correlation is just a measure of how frequently assets dance in the same direction; this portfolio’s main pieces are basically glued at the hip. The NEOS funds and the plain S&P/NASDAQ ETFs are shockingly similar under the hood, so when the market sneezes, the whole thing catches the same cold. It looks diversified by ticker, not by actual behavior.
Risk vs. return
This chart shows the Efficient Frontier, calculated using your current assets with different allocation combinations. It highlights the best balance between risk and return based on historical data. "Efficient" portfolios maximize returns for a given risk or minimize risk for a given return. Portfolios below the curve are less efficient. This is informational and not a recommendation to buy or sell any assets.
Click on the colored dots to explore allocations.
On the efficient frontier, this portfolio has the slightly annoying trait of being… actually efficient. The Sharpe ratio of 0.98 isn’t as good as the optimized version at 1.21, but the current mix is basically on the frontier for its holdings. The efficient frontier is just the curve that shows the best possible risk/return combos using what’s already in the bag. Being “on it” means the proportions, while a bit chaotic logically, are mathematically defensible. There’s still a clear gap between what this portfolio delivers and what it could deliver with smarter weighting, but at least it’s not sitting embarrassingly below the curve wasting risk for no reason.
Dividends
- NEOS Nasdaq 100 High Income ETF 13.40%
- Invesco NASDAQ 100 ETF 0.40%
- Schwab U.S. Dividend Equity ETF 3.30%
- SHP ETF Trust - NEOS S&P 500 High Income ETF 11.70%
- State Street® SPDR® Portfolio S&P 500® ETF 1.00%
- Weighted yield (per year) 5.73%
The income profile is where the marketing clearly took the wheel. A 5.73% total yield, driven heavily by double-digit yields from the NEOS high income funds, looks impressive until you remember high yield often means someone is selling options or eating capital to spit out cash. That 0.40% yield from the vanilla NASDAQ ETF exposes the reality: the underlying growth names don’t magically pay 13%. Dividends can be great, but obsessing over yield is like judging a restaurant only by portion size, not what’s actually in the food. This setup leans heavily on engineered income, not boring, organic cash flows.
Ongoing product costs
- NEOS Nasdaq 100 High Income ETF 0.68%
- Invesco NASDAQ 100 ETF 0.15%
- Schwab U.S. Dividend Equity ETF 0.06%
- SHP ETF Trust - NEOS S&P 500 High Income ETF 0.68%
- Weighted costs total (per year) 0.31%
Cost-wise, the portfolio is trying to be sensible while occasionally tripping over its own shoelaces. A total TER of 0.31% isn’t awful, especially with a cheap Schwab dividend ETF at 0.06% and a mainstream NASDAQ ETF at 0.15%. Then the two NEOS funds stroll in charging 0.68% each, which is not pocket change for strategies built on top of broad indexes. It’s like paying upgrade prices for a seat in the same plane just because there’s a different logo on the headrest. Fees won’t sink this portfolio on their own, but the high-income overlays definitely aren’t working for free.
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