The founding doctrine against the S&P 500 — total return, December 2015 to December 2025. Numbers computed here by re-running the published script's exact method — not copied from the table.
| Metric | Republic Portfolio | S&P 500 (SPY) |
|---|---|---|
| Total Return | +311.97%+17.3 pts vs SPY | +294.66% |
| CAGR | 15.25% | 14.75% |
| Annualized Volatility | 14.31%calmer ride | 18.01% |
| Max Drawdown | -28.53%shallower fall | -33.72% |
| Beta vs SPY | 0.73 | 1.00 |
The doctrine beat the index on return (15.25% a year to 14.75%) while carrying materially less risk — a shallower drawdown, lower volatility, and a beta of 0.73. Same market, steadier road, and ahead by 17.3 points over the decade.
Reading the ranks fairly. Percent-per-year lets lines of different lengths compare, but the four UBS funds are younger (from 2020 / 2022) and mostly lived through bull years, so their rate flatters them. The ✦ marks the three that ran the full ten years — there the Republic leads on both return and risk.