cheat
completely cheating weekly
This portfolio is just for amusement. It obviously cannot be bought.
Until vix futures undergo backwardation, outpreformance is basically gauranteed.
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
^FVX Treasury Yield 5 Years | 35% | |
^VIX CBOE Volatility Index | 20% | |
^VXN CBOE NASDAQ 100 Voltility Index | 20% | |
BIL SPDR Barclays 1-3 Month T-Bill ETF | Government Bonds | -360% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | Long-Short | 45% |
DBSCX Doubleline Selective Credit Fund | Multisector Bonds | 50% |
HICOX Colorado Bond Shares A Tax Exempt Fund | Municipal Bonds | 50% |
OSTIX Osterweis Strategic Income Fund | High Yield Bonds | 50% |
QQQ Invesco QQQ | Large Cap Blend Equities | 90% |
SPY SPDR S&P 500 ETF | Large Cap Growth Equities | 90% |
TLT iShares 20+ Year Treasury Bond ETF | Government Bonds | 10% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in cheat, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced every 3 months.
The earliest data available for this chart is Aug 4, 2014, corresponding to the inception date of DBSCX
Returns By Period
As of May 3, 2025, the cheat returned 0.32% Year-To-Date and 59.68% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -3.31% | 5.38% | -0.74% | 10.90% | 14.93% | 10.61% |
| cheat | 1.60% | -3.25% | -1.18% | 43.40% | 61.11% | 59.54% |
| Portfolio components: | ||||||
SPY SPDR S&P 500 ETF | -3.01% | 5.60% | -0.12% | 12.26% | 15.78% | 11.97% |
QQQ Invesco QQQ | -4.24% | 8.47% | 0.60% | 12.94% | 17.72% | 16.64% |
^VXN CBOE NASDAQ 100 Voltility Index | 29.17% | -15.83% | 8.38% | 47.87% | -6.65% | 3.61% |
^VIX CBOE Volatility Index | 30.72% | -24.45% | 3.66% | 68.12% | -8.45% | 3.96% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 1.41% | 0.35% | 2.15% | 4.78% | 2.44% | 1.69% |
^FVX Treasury Yield 5 Years | -10.23% | 4.55% | -6.58% | -12.27% | 58.23% | 9.18% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 6.76% | -8.06% | 3.28% | 8.73% | -2.72% | 1.53% |
TLT iShares 20+ Year Treasury Bond ETF | 1.87% | -4.13% | -1.34% | 1.74% | -9.28% | -0.58% |
OSTIX Osterweis Strategic Income Fund | 0.89% | 0.69% | 2.10% | 6.31% | 6.76% | 4.41% |
DBSCX Doubleline Selective Credit Fund | 2.12% | -0.72% | 3.21% | 8.61% | 4.64% | 3.89% |
HICOX Colorado Bond Shares A Tax Exempt Fund | -0.49% | -2.01% | 0.50% | 5.34% | 4.27% | 3.91% |
Monthly Returns
The table below presents the monthly returns of cheat, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.07% | 4.25% | -4.81% | -0.69% | 1.01% | 1.60% | |||||||
| 2024 | 12.07% | 7.64% | 1.83% | 2.15% | 2.20% | 8.23% | 9.89% | -2.89% | 6.25% | 14.21% | -10.85% | 7.60% | 72.42% |
| 2023 | 9.59% | 0.17% | 4.58% | -3.39% | 9.59% | 5.92% | 4.07% | -2.41% | 0.98% | -0.97% | 4.03% | 4.33% | 41.91% |
| 2022 | 14.79% | 2.15% | 7.07% | 9.54% | -12.32% | -6.46% | 5.61% | 0.83% | -8.37% | 5.33% | 2.54% | -10.50% | 6.38% |
| 2021 | 25.20% | 17.51% | 3.78% | 5.36% | -5.88% | 11.71% | 3.71% | 5.78% | 12.52% | 8.51% | 15.47% | -1.34% | 158.09% |
| 2020 | 11.09% | 29.79% | -3.11% | 10.49% | 6.58% | 10.22% | 1.40% | 26.40% | -5.01% | 20.60% | -6.99% | 9.53% | 171.20% |
| 2019 | 1.10% | 3.69% | 2.05% | 8.08% | -0.88% | 0.09% | 6.17% | 0.23% | -1.92% | -1.47% | 5.86% | 8.18% | 35.07% |
| 2018 | 25.74% | 9.78% | 0.65% | -4.63% | 2.12% | 8.02% | 1.42% | 5.20% | 2.27% | 17.27% | -10.74% | 7.19% | 78.95% |
| 2017 | -0.50% | 8.48% | 1.88% | -0.24% | 8.90% | 8.66% | 1.56% | 0.34% | 1.04% | 11.46% | 9.21% | 2.86% | 67.36% |
| 2016 | -8.42% | -3.82% | -3.17% | 4.28% | 1.42% | -0.45% | 1.45% | 9.99% | 1.02% | 12.72% | 3.73% | 9.20% | 29.23% |
| 2015 | -5.90% | -2.59% | -0.03% | 1.06% | 0.95% | 10.62% | -3.59% | 22.51% | -9.58% | 6.82% | 4.42% | 3.29% | 27.23% |
| 2014 | -1.30% | 14.33% | -2.66% | 4.45% | 15.07% | 32.03% |
Expense Ratio
cheat has a high expense ratio of 1.44%, indicating above-average management fees. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of cheat is 62, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 0.46 | 0.79 | 1.12 | 0.49 | 1.89 |
QQQ Invesco QQQ | 0.34 | 0.65 | 1.09 | 0.37 | 1.20 |
^VXN CBOE NASDAQ 100 Voltility Index | 0.50 | 1.67 | 1.20 | 0.68 | 1.64 |
^VIX CBOE Volatility Index | 0.45 | 2.14 | 1.27 | 0.91 | 1.67 |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 19.15 | 230.54 | 134.10 | 406.03 | 3,740.08 |
^FVX Treasury Yield 5 Years | -0.55 | -0.66 | 0.92 | -0.42 | -0.96 |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 0.36 | 0.68 | 1.08 | 0.27 | 1.07 |
TLT iShares 20+ Year Treasury Bond ETF | 0.02 | 0.13 | 1.02 | 0.01 | 0.04 |
OSTIX Osterweis Strategic Income Fund | 2.99 | 4.05 | 1.88 | 2.51 | 13.42 |
DBSCX Doubleline Selective Credit Fund | 3.05 | 4.64 | 1.63 | 5.18 | 15.71 |
HICOX Colorado Bond Shares A Tax Exempt Fund | 1.23 | 1.61 | 1.31 | 1.33 | 5.36 |
Dividends
Dividend yield
cheat provided a -4.27% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | -4.27% | -5.60% | -4.07% | 5.89% | 7.89% | 7.20% | 2.79% | 5.24% | 9.08% | 12.66% | 12.65% | 9.24% |
| Portfolio components: | ||||||||||||
SPY SPDR S&P 500 ETF | 1.26% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
^VXN CBOE NASDAQ 100 Voltility Index | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
^VIX CBOE Volatility Index | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.69% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% |
^FVX Treasury Yield 5 Years | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 3.27% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.32% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
OSTIX Osterweis Strategic Income Fund | 5.98% | 5.25% | 5.71% | 4.71% | 4.03% | 3.85% | 4.74% | 4.66% | 4.58% | 5.24% | 5.98% | 5.15% |
DBSCX Doubleline Selective Credit Fund | 6.94% | 7.10% | 6.77% | 6.68% | 4.68% | 4.67% | 6.05% | 7.45% | 9.04% | 9.75% | 9.53% | 2.40% |
HICOX Colorado Bond Shares A Tax Exempt Fund | 5.14% | 5.46% | 5.01% | 4.27% | 3.84% | 4.00% | 3.79% | 4.13% | 4.24% | 4.73% | 3.78% | 4.51% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the cheat. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the cheat was 40.78%, occurring on Apr 3, 2020. Recovery took 71 trading sessions.
The current cheat drawdown is 16.70%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.78% | Mar 17, 2020 | 14 | Apr 3, 2020 | 71 | Jul 13, 2020 | 85 |
| -29.13% | Aug 6, 2024 | 7 | Aug 14, 2024 | — | — | — |
| -28.18% | Feb 6, 2018 | 24 | Mar 9, 2018 | 153 | Oct 10, 2018 | 177 |
| -25.43% | Apr 27, 2022 | 179 | Dec 28, 2022 | 136 | Jul 5, 2023 | 315 |
| -23.71% | Aug 25, 2015 | 37 | Oct 14, 2015 | 260 | Oct 12, 2016 | 297 |
Volatility
Volatility Chart
The current cheat volatility is 15.86%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 11 assets, with an effective number of assets of 0.06, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| ^GSPC | BIL | HICOX | DBSCX | TLT | OSTIX | ^FVX | BTAL | QQQ | ^VXN | ^VIX | SPY | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.00 | 0.03 | 0.01 | -0.17 | 0.47 | 0.18 | -0.52 | 0.91 | -0.75 | -0.78 | 1.00 | -0.18 |
| BIL | 0.00 | 1.00 | 0.05 | 0.02 | 0.02 | 0.02 | -0.02 | 0.01 | -0.00 | -0.01 | -0.01 | 0.01 | -0.04 |
| HICOX | 0.03 | 0.05 | 1.00 | 0.35 | 0.41 | 0.13 | -0.38 | 0.01 | 0.05 | 0.00 | 0.02 | 0.03 | -0.05 |
| DBSCX | 0.01 | 0.02 | 0.35 | 1.00 | 0.51 | 0.15 | -0.46 | 0.01 | 0.04 | 0.03 | 0.04 | 0.01 | -0.07 |
| TLT | -0.17 | 0.02 | 0.41 | 0.51 | 1.00 | -0.02 | -0.75 | 0.17 | -0.11 | 0.12 | 0.15 | -0.16 | -0.18 |
| OSTIX | 0.47 | 0.02 | 0.13 | 0.15 | -0.02 | 1.00 | 0.03 | -0.38 | 0.42 | -0.33 | -0.33 | 0.47 | -0.05 |
| ^FVX | 0.18 | -0.02 | -0.38 | -0.46 | -0.75 | 0.03 | 1.00 | -0.21 | 0.11 | -0.13 | -0.16 | 0.17 | 0.29 |
| BTAL | -0.52 | 0.01 | 0.01 | 0.01 | 0.17 | -0.38 | -0.21 | 1.00 | -0.46 | 0.38 | 0.40 | -0.52 | 0.15 |
| QQQ | 0.91 | -0.00 | 0.05 | 0.04 | -0.11 | 0.42 | 0.11 | -0.46 | 1.00 | -0.73 | -0.71 | 0.90 | -0.14 |
| ^VXN | -0.75 | -0.01 | 0.00 | 0.03 | 0.12 | -0.33 | -0.13 | 0.38 | -0.73 | 1.00 | 0.90 | -0.75 | 0.57 |
| ^VIX | -0.78 | -0.01 | 0.02 | 0.04 | 0.15 | -0.33 | -0.16 | 0.40 | -0.71 | 0.90 | 1.00 | -0.77 | 0.57 |
| SPY | 1.00 | 0.01 | 0.03 | 0.01 | -0.16 | 0.47 | 0.17 | -0.52 | 0.90 | -0.75 | -0.77 | 1.00 | -0.17 |
| Portfolio | -0.18 | -0.04 | -0.05 | -0.07 | -0.18 | -0.05 | 0.29 | 0.15 | -0.14 | 0.57 | 0.57 | -0.17 | 1.00 |