Performance

Key metrics computed by the internal research pipeline. Updated on a monthly basis.

2026 Performance Snapshot

Combined ES+GC strategy, fixed notional base, no compounding.

YTD

+16.29%

Last Reported Month

Apr +3.11%

Positive Months

75.0%

Equity Index (Base 100)

Min: 103.92

Max: 255.76

Drawdown (%)

Max DD: 9.46%

0.00%

Key Metrics (Since Inception)

Months	72
CAGR	25.96%
Sharpe Ratio (annualized)	1.39
Volatility (annualized)	18.65%
Max Drawdown (Calendar-Year)	8.58%
Max Drawdown (Global)	9.46%
Alpha Stability Index	65.30%
Correlation vs Benchmark (75% S&P 500 + 25% Gold (synthetic))	0.18
Beta vs Benchmark	0.35
VaR (95%) monthly	-5.53%
Expected Shortfall (95%) monthly	-6.58%
Leverage	1.00
Mean monthly	2.1634%

Updated: 2026-05-05

Monthly Returns (%)

Combined ES+GC monthly returns by calendar year. Annual totals are computed arithmetically on a fixed notional base, with no compounding.

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	+12.89	-1.71	+2.01	+3.11									+16.29
2025	+3.63	+0.50	+6.20	+18.97	-7.83	-3.26	+2.76	+0.57	+0.75	+10.42	+4.20	-3.32	+33.58
2024	+0.78	-1.49	+2.98	+9.27	+3.45	+4.97	+3.08	+3.42	-5.80	+2.16	+3.83	+6.68	+33.33
2023	+6.42	+4.14	+9.31	+3.27	-1.40	-0.65	-1.71	+6.23	+2.56	-5.19	-0.17	+1.45	+24.26
2022	+20.45	+2.88	-3.71	+14.36	-6.81	+0.92	+8.05	-2.74	-1.03	+9.49	-5.89	-4.84	+31.14
2021	-1.19	-0.97	-5.31	+1.29	+1.17	-0.11	+0.65	+2.69	-0.55	+0.16	-0.66	+6.26	+3.42
2020					+3.92	+4.92	+1.13	+0.69	+6.72	-3.02	-1.42	+0.81	+13.75

Investor Reports

Latest consolidated report includes Combined, ES, and GC strategy summaries.

Download Consolidated Report Investor Information

Methodology Notes

All returns are computed on a fixed notional base (no compounding). Alpha Stability Index is an internal statistical stability measure; methodology may be made available for institutional review upon request.

Historical information is provided for informational purposes only. Past performance does not guarantee future results.

Next: Investors • Disclaimer