Portfolio Review

Balanced Tactical Portfolio

SPY:0.60,IEF:0.30,GLD:0.10 · 107 live days

Forward Return
Return 4.53%
Live Days 107
Benchmark SPY:0.60,IEF:0.30,GLD:0.10
Risk
Max DD -3.68%
Ann. Vol 11.30%
Effective N 2.37
Benchmark Relative
Active Return 2.90%
Tracking Error 5.40%
Beta 0.580

Forward NAV

107 observations

Decision Contract

Diversification Useful

Effective N stays above 2 and the duration/gold sleeves are reducing the depth of equity-led drawdowns.

Benchmark read Active

Active return stays positive against a factor-matched 60/40-style reference without letting tracking error sprawl.

Forward discipline Intact

The portfolio has enough live observations to discuss behavior, but not enough to treat the story as settled.

Allocation Read

Strategy Mix
US Momentum Sleeve 45.0% · Trend equity · QQQ
Duration Hedge Sleeve 35.0% · Rates defense · IEF
Gold Diversifier 20.0% · Crisis diversifier · GLD
Factor Exposure
Equity beta 52%
Duration 29%
Crisis hedge 19%

The equity sleeve still drives the upside path, but duration and gold are doing enough work that the portfolio story is more than a disguised SPY position.

Recent Forward Points

Date NAV Daily Return % Drawdown % Signal
2026-03-31 104.53 -0.07% -0.21% HOLD
2026-03-30 104.60 -0.06% -0.14% HOLD
2026-03-27 104.67 -0.04% -0.08% HOLD
2026-03-26 104.71 -0.03% -0.03% HOLD
2026-03-25 104.74 -0.01% -0.01% HOLD
2026-03-24 104.75 0.01% 0.00% HOLD
2026-03-23 104.73 0.03% 0.00% HOLD
2026-03-20 104.70 0.05% 0.00% HOLD
2026-03-19 104.65 0.07% 0.00% HOLD
2026-03-18 104.58 0.08% 0.00% RISK-ON
2026-03-17 104.50 0.10% 0.00% RISK-ON
2026-03-16 104.39 0.11% 0.00% RISK-ON