Sleep-Well Four
Buy-and-hold dividend income portfolio with no options overlay. Four high-quality dividend ETFs providing steady monthly income. Zero maintenance benchmark for comparing wheel strategy alpha.
Portfolio Summary
Performance overview of your 4-ETF sleep-well portfolio
Sleep-Well Four pursues a dividend-focused buy-and-hold strategy using high-yield ETFs to generate consistent income streams while maintaining broad market exposure. The portfolio prioritizes yield generation over capital appreciation, employing a diversified mix of dividend growth and premium income strategies across large-cap equities.
This portfolio is designed so you can sleep well at night. Low beta, steady income, and diversified strategies mean less worry during market turbulence.
$10,000 Investment Growth (2025)
How each holding would perform with equal $10K allocation
SCHD leads with a 9.4% return, turning $10,000 into $10,943. The portfolio balances growth-oriented and income-focused ETFs for diversified returns.
Maximum Drawdown Analysis
Protection ratings during market downturns
| ETF | Strategy | Max Drawdown | Worst Month | Beta | Protection |
|---|---|---|---|---|---|
| JEPI | Defensive + Options | -2.5% | Nov 25 | 0.48 | ●●●●● |
| DGRO | Dividend Growth | -2.9% | Nov 25 | 0.72 | ●●●●● |
| SCHD | Dividend Quality | -4.0% | Nov 25 | 0.61 | ●●●●● |
| SPYI | S&P 500 + Options | -4.0% | Nov 25 | 0.69 | ●●●●● |
JEPI showed the strongest downside protection with only a -2.5% maximum drawdown and a 0.48 beta.
SPYI experienced the largest drawdown at -4.0%, though still modest compared to broad market indices.
How each ETF performed during the worst month:
Income Analysis
Annual income on $10K allocation per holding
Monthly Payers
Quarterly Payers
| ETF | Yield | Annual Income | Price Return | Total Return |
|---|---|---|---|---|
| SPYI | 11.9% | $1190 | -7.2% | +4.7% |
| JEPI | 8.3% | $829 | -3.2% | +5.1% |
| SCHD | 3.3% | $329 | +6.1% | +9.4% |
| DGRO | 2.0% | $200 | +3.8% | +5.8% |
Average portfolio yield of 6.4% generates approximately $2548 annually on $40K invested ($212/month).
Monthly Returns Heatmap
Month-by-month performance tracking
| Month | Portfolio | DGRO | JEPI | SCHD | SPYI |
|---|---|---|---|---|---|
| Oct 2025 | -60.6% | 0.0% | 0.0% | 0.0% | 0.0% |
| Oct 2025 | -0.2% | -0.2% | 0.0% | -0.7% | 0.0% |
| Oct 2025 | +0.3% | +0.5% | +0.3% | +0.3% | 0.0% |
| Oct 2025 | 0.0% | 0.0% | -0.1% | -0.3% | +0.3% |
| Oct 2025 | -0.2% | -0.1% | -0.2% | -0.2% | -0.2% |
| Oct 2025 | 0.0% | 0.0% | +0.1% | -0.4% | +0.4% |
| Oct 2025 | -0.4% | -0.5% | -0.3% | -0.7% | -0.1% |
| Oct 2025 | -1.7% | -1.8% | -1.3% | -1.7% | -2.2% |
| Oct 2025 | +0.9% | +1.0% | +1.0% | +0.3% | +1.4% |
| Oct 2025 | +0.5% | +0.7% | +0.6% | +0.9% | -0.1% |
| Oct 2025 | 0.0% | +0.1% | 0.0% | -0.3% | +0.4% |
| Oct 2025 | -0.7% | -0.9% | -0.6% | -0.8% | -0.6% |
| Oct 2025 | +0.6% | +0.5% | +0.6% | +0.8% | +0.6% |
| Oct 2025 | +0.8% | +0.9% | +0.5% | +0.8% | +0.9% |
| Oct 2025 | +0.3% | 0.0% | +0.6% | +0.3% | +0.1% |
| Oct 2025 | -0.4% | -0.4% | -0.4% | -0.3% | -0.4% |
| Oct 2025 | +0.3% | +0.2% | +0.3% | +0.1% | +0.5% |
| Oct 2025 | +0.3% | +0.4% | 0.0% | 0.0% | +0.6% |
| Oct 2025 | +0.5% | +0.7% | +0.2% | +0.3% | +0.7% |
| Oct 2025 | -0.4% | -0.5% | -0.6% | -0.4% | +0.1% |
| Oct 2025 | -0.6% | -0.8% | -0.6% | -1.0% | 0.0% |
| Oct 2025 | -0.2% | -0.1% | 0.0% | -0.2% | -0.5% |
| Oct 2025 | 0.0% | -0.2% | -0.1% | +0.3% | +0.2% |
| Nov 2025 | -0.4% | -0.7% | -0.2% | -1.1% | +0.1% |
| Nov 2025 | -0.3% | -0.1% | 0.0% | -0.1% | -0.9% |
| Nov 2025 | +0.3% | +0.3% | +0.1% | +0.5% | +0.3% |
| Nov 2025 | -0.5% | -0.3% | -0.4% | -0.2% | -0.9% |
| Nov 2025 | +0.4% | +0.4% | +0.4% | +0.8% | +0.1% |
| Nov 2025 | +0.6% | +0.5% | +0.5% | +0.2% | +1.3% |
| Nov 2025 | +0.9% | +1.0% | +0.7% | +1.5% | +0.2% |
| Nov 2025 | +0.2% | +0.5% | +0.3% | 0.0% | +0.1% |
| Nov 2025 | -0.7% | -0.8% | -0.7% | +0.1% | -1.4% |
| Nov 2025 | -0.1% | -0.2% | -0.2% | +0.1% | 0.0% |
| Nov 2025 | -0.8% | -0.9% | -0.6% | -0.9% | -0.8% |
| Nov 2025 | -0.1% | -0.1% | -0.2% | +0.6% | -0.8% |
| Nov 2025 | -0.1% | 0.0% | +0.1% | -0.9% | +0.4% |
| Nov 2025 | -1.1% | -0.8% | -0.8% | -1.1% | -1.4% |
| Nov 2025 | +1.4% | +1.3% | +1.3% | +1.8% | +1.0% |
| Nov 2025 | +0.4% | +0.2% | +0.4% | -0.5% | +1.4% |
| Nov 2025 | +1.1% | +1.3% | +1.1% | +1.4% | +0.8% |
| Nov 2025 | +0.5% | +0.6% | +0.4% | +0.5% | +0.6% |
| Nov 2025 | +0.5% | +0.6% | +0.4% | +0.5% | +0.5% |
| Dec 2025 | -0.5% | -0.8% | -0.6% | -0.2% | -0.4% |
| Dec 2025 | -0.1% | -0.2% | -0.1% | -0.5% | +0.2% |
| Dec 2025 | +0.8% | +0.9% | +0.6% | +1.5% | +0.3% |
| Dec 2025 | -0.1% | -0.2% | 0.0% | -0.2% | +0.1% |
| Dec 2025 | 0.0% | -0.1% | -0.1% | -0.1% | +0.2% |
| Dec 2025 | -0.4% | -0.4% | -0.4% | -0.5% | -0.2% |
| Dec 2025 | -0.2% | -0.2% | -0.3% | -0.4% | -0.1% |
| Dec 2025 | +1.0% | +1.3% | +0.7% | +1.4% | +0.6% |
| Dec 2025 | +0.5% | +0.7% | +0.7% | +0.4% | +0.2% |
| Dec 2025 | -0.3% | -0.5% | -0.1% | 0.0% | -0.8% |
| Dec 2025 | +0.1% | +0.2% | +0.1% | +0.3% | -0.1% |
| Dec 2025 | -0.7% | -0.9% | -0.4% | -1.0% | -0.2% |
| Dec 2025 | -0.3% | -0.1% | -0.5% | +0.5% | -1.0% |
| Dec 2025 | +0.1% | 0.0% | +0.3% | -0.4% | +0.7% |
| Dec 2025 | +0.3% | +0.2% | +0.2% | -0.1% | +0.8% |
| Dec 2025 | +0.5% | +0.7% | +0.4% | +0.6% | +0.6% |
| Dec 2025 | +0.1% | +0.1% | +0.1% | -0.3% | +0.4% |
| Dec 2025 | +0.4% | +0.5% | +0.3% | +0.4% | +0.3% |
| Dec 2025 | 0.0% | 0.0% | +0.1% | -0.1% | 0.0% |
| Dec 2025 | -0.1% | -0.2% | -0.1% | -0.1% | -0.2% |
| Dec 2025 | -0.1% | -0.2% | 0.0% | 0.0% | -0.1% |
| Dec 2025 | -0.6% | -0.7% | -0.5% | -0.7% | -0.5% |
| Jan 2026 | +0.5% | +0.5% | +0.1% | +1.1% | +0.1% |
| Jan 2026 | +0.5% | +0.6% | +0.3% | +0.7% | +0.5% |
| Jan 2026 | +0.6% | +0.7% | +0.8% | +0.6% | +0.4% |
| Jan 2026 | -0.5% | -0.9% | -0.3% | -0.7% | -0.2% |
| Jan 2026 | +0.8% | +0.8% | +0.5% | +1.9% | 0.0% |
| Jan 2026 | +0.5% | +0.5% | +0.4% | +0.5% | +0.5% |
| Jan 2026 | 0.0% | +0.1% | +0.1% | -0.2% | +0.1% |
| Jan 2026 | 0.0% | -0.2% | -0.1% | +0.4% | -0.1% |
| Jan 2026 | +0.4% | +0.4% | +0.1% | +1.5% | -0.3% |
| Jan 2026 | +0.2% | +0.3% | +0.1% | 0.0% | +0.2% |
| Jan 2026 | -0.1% | 0.0% | 0.0% | -0.4% | 0.0% |
| Jan 2026 | -1.3% | -1.4% | -1.4% | -0.7% | -1.6% |
| Jan 2026 | +1.2% | +1.1% | +1.0% | +1.6% | +1.0% |
| Jan 2026 | +0.2% | +0.1% | +0.3% | +0.1% | +0.4% |
| Jan 2026 | 0.0% | -0.2% | +0.1% | -0.1% | +0.1% |
| Jan 2026 | +0.4% | +0.5% | +0.4% | +0.1% | +0.4% |
| Jan 2026 | +0.2% | 0.0% | 0.0% | +0.7% | +0.3% |
| Jan 2026 | -0.2% | -0.2% | -0.3% | -0.2% | 0.0% |
| Jan 2026 | +0.2% | +0.3% | +0.2% | +0.2% | -0.1% |
| Jan 2026 | +0.4% | +0.2% | 0.0% | +1.5% | -0.2% |
| Feb 2026 | +0.4% | +0.7% | -0.2% | +0.6% | +0.5% |
| Feb 2026 | +0.3% | +0.2% | -0.3% | +1.7% | -0.7% |
| Feb 2026 | -5.0% | -0.9% | +0.5% | -2.2% | +0.2% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | +156.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Feb 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | +0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Apr 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Jun 2026 | +0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| TOTAL | +97.9% | +5.8% | +5.1% | +9.3% | +4.8% |
Key Takeaways
Winners
- SCHD leads with 9.4% returns while maintaining a reasonable 3.29% yield, demonstrating that dividend growth strategies can deliver both income and appreciation. JEPI's 8.29% yield provides substantial income despite a modest 5.1% capital return, attracting investors seeking reliable cash flow.
Disappointments
- SPYI's 4.7% return underperforms despite carrying the highest yield (11.90%), suggesting the aggressive income strategy may be sacrificing capital preservation. The portfolio's negative Sharpe ratio (-17.71) indicates returns are not adequately compensating for volatility, raising questions about risk-adjusted performance despite a 100% win rate across holdings.
This is a conservative income-generation portfolio suited for yield-seeking investors tolerating modest capital appreciation (~3% total return in 245 days). The risk/reward profile is moderate but skewed toward income rather than growth; while the 5% max drawdown shows reasonable stability, the negative Sharpe ratio suggests investors are taking on more volatility than returns justify. Best suited for retirees or income-focused investors, though the strategy may underperform in rising markets.