Side-by-side of four client income portfolios across the key Plex-Flow metrics: weighted yield, drawdown resilience vs the S&P 500, income quality (ROC signal), and data coverage. All figures rendered directly from the live M1 analysis — where a metric is not reported for a client it shows “—”.
The Four Portfolios at a Glance
| Metric |
RaghuIncome Factory |
Rick FowlerUltra-Yield Options-Income |
Jose RomeroGemini PLEX |
Macarena GarciaPre-bucketed Income |
| Weighted Yield
Guardrailed (50% cap on suspect holdings)
|
10.39% |
26.79% |
15.00% |
20.42% |
| Raw Yield
No guardrail (uncapped)
|
13.32% |
42.80% |
19.05% |
23.87% |
| M1 / Claimed Stated Yield
As shown by M1, if reported
|
9.78% |
— |
— |
— |
| Holdings
Total positions in pie
|
53 |
24 |
21 |
15 |
| Max Drawdown
3-yr window (Jun 2023 – Jun 2026)
|
−14.18% |
−18.64% |
−13.59% |
−16.66% |
| vs SPY Max Drawdown
SPY: −18.76% over same window
|
+4.58 pp better |
+0.12 pp better |
+5.17 pp better |
+2.10 pp better |
| Sharpe (rf=0)
Risk-adjusted return · SPY: 1.296
|
1.412 |
0.796 |
1.339 |
1.256 |
| Annualized Return
SPY: +20.26%
|
+15.71% |
+10.96% |
+12.40% |
+14.66% |
| Beta vs SPY
Market sensitivity (<1 = less)
|
0.596 |
0.838 |
0.561 |
0.715 |
| Income Quality — Likely ROC
% weight where payout outran earnings
|
33.0% |
63.5% |
43.8% |
62.0% |
| Income Quality — Earned
% weight covered by total return
|
55.0% |
14.5% |
50.3% |
38.0% |
| Coverage
Holdings priced / analyzed
|
100% |
100% |
100% |
100% |
How to read this: Higher yield is not automatically better. Rick's 26.79% headline yield comes with the worst drawdown (−18.64%, barely better than SPY), the lowest Sharpe (0.796), and the highest Likely-ROC share (63.5% of weight) — meaning most of that income is funded by payouts that outran the funds’ earnings (a NAV-erosion signal). Raghu and Jose carry lower yields but the strongest risk-adjusted returns (Sharpe 1.41 / 1.34, both above SPY) and the cleanest income (55% / 50% earned).
Metric notes
- Weighted Yield (guardrailed): portfolio yield with a 50% sanity cap applied to suspect/corrupt holdings; the headline figure.
- Drawdown / Sharpe / Return / Beta: 3-year window, Jun 12 2023 – Jun 10 2026, benchmarked against SPY (S&P 500). 100% of weight covered for all four.
- Income Quality (ROC): total-return-coverage proxy — “Likely-ROC” flags holdings where the distribution rate exceeds 1-yr total return by >3pp (payout outran earnings). This is a proxy, not a 19(a) ROC-notice read.
- “—” means the metric was not reported in the source data for that client (not zero, not a guess).