The concentration reference: the seven megacaps that drive index-level returns. Equal-weighted here (deliberately, vs their cap weight in the index) so the basket measures the cohort, not just NVDA and MSFT. Divergence between this basket and the equal-weight index is the concentration trade in one line.
Follow the theme against the wider market.
Series before each basket's creation date are a backtest of the membership as of creation; live tracking starts at creation.
| Return | 1 day | 5 days | 20 days | 60 days | MTD | YTD | 1 year |
|---|---|---|---|---|---|---|---|
| Basket | +0.9% | -0.0% | +0.9% | +15.8% | +1.7% | +12.5% | +15.9% |
| vs S&P 500 | +0.3% | -0.5% | +0.2% | +10.7% | +0.2% | -1.1% | +0.0% |
1y · 2025-10-21 – 2026-10-21 · 252 / 252 sessions
Basket total returns · Annualized using 252 trading sessions · 0% risk-free rate and downside target. As of 2026-10-21 · close.
Sharpe: average daily simple return divided by its sample standard deviation, multiplied by √252. The risk-free rate is assumed to be 0%; this is not a cash-adjusted ratio.
Sortino: average daily simple return divided by downside deviation, multiplied by √252. Downside deviation is the square root of the average squared shortfall below 0%, counting all sessions, including zeros for gains.
Historical volatility: √(252 × average squared daily log return), matching the Vol page’s realized-volatility convention. This differs from the sample standard deviation used in Sharpe.
Each period requires complete history and at least 5 sessions. MTD and YTD follow the calendar; 1y is 252 sessions. Missing data or an undefined ratio displays — with a reason. Short periods can produce unstable ratios; intraday snapshots include a partial session. History before this basket’s creation is backtested. If a new basket has no stored daily return series yet, estimates from its rounded published chart levels are marked ≈.
Current members and the reasoning behind each inclusion. Returns are for individual holdings.
| Why it’s included | Added | |||||
|---|---|---|---|---|---|---|
| MSFTMicrosoft | Enterprise + AI distribution | +0.2% | -0.1% | +6.5% | +10.9% | 2026-06-11 |
| AMZNAmazon | Commerce + AWS | -0.1% | +3.3% | +5.3% | +13.7% | 2026-06-11 |
| AAPLApple Inc. | Installed-base annuity | +1.3% | +0.3% | +2.1% | +26.9% | 2026-06-11 |
| TSLATesla, Inc. | The volatility leg of the cohort | +3.4% | +5.3% | +1.7% | -14.1% | 2026-06-11 |
| GOOGLAlphabet Inc. (Class A) | Search/ads + cloud + Gemini | -1.6% | -3.7% | -0.9% | +7.2% | 2026-06-11 |
| NVDANvidia | AI compute monopoly economics | +2.5% | +0.3% | -1.6% | +19.3% | 2026-06-11 |
| METAMeta Platforms | Attention + AI ad stack | +0.5% | -5.4% | -6.3% | +5.9% | 2026-06-11 |
Equal-weighted; monthly rebalance, buy-and-hold between rebalances; dated membership changes reset the target weights.
Tracked since 2026-06-11. Membership decisions are documented below.
Read the methodology →Basket returns include dividends. “vs S&P 500” compares the basket’s compounded growth with the benchmark’s. Green means positive; red means negative.
Cross-checked against MAGS. Daily return correlation: 0.99 across 886 sessions. near-exact analogue — the same seven names, equal-weighted
Widening pass: membership is complete by definition. Reference pinned to MAGS, an equal-weight Magnificent Seven ETF — the cleanest external check of any basket here.
Standard seven, equal-weighted as a cohort monitor.