x2
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in x2, 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 Jul 30, 2010, corresponding to the inception date of ASFYX
Returns By Period
As of May 3, 2025, the x2 returned -8.66% Year-To-Date and 30.62% 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% |
x2 | -8.47% | 0.11% | -1.21% | 3.78% | 18.30% | 31.03% |
Portfolio components: | ||||||
TQQQ ProShares UltraPro QQQ | -24.67% | 18.15% | -15.69% | 6.22% | 30.34% | 30.30% |
TMF Direxion Daily 20-Year Treasury Bull 3X | -0.40% | -13.48% | -12.37% | -12.31% | -36.91% | -13.27% |
BTC-USD Bitcoin | 3.73% | 16.61% | 39.86% | 54.09% | 61.21% | 83.05% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | -16.47% | -9.15% | -15.16% | -24.56% | 1.41% | 0.49% |
VT Vanguard Total World Stock ETF | 1.68% | 5.93% | 2.37% | 11.58% | 14.26% | 8.95% |
GLD SPDR Gold Trust | 23.07% | 4.04% | 18.03% | 39.92% | 13.20% | 10.05% |
TIP iShares TIPS Bond ETF | 3.50% | -1.26% | 2.67% | 5.99% | 1.45% | 2.37% |
TLT iShares 20+ Year Treasury Bond ETF | 1.87% | -4.13% | -1.34% | 1.74% | -9.68% | -0.60% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 1.41% | 0.35% | 2.15% | 4.78% | 2.55% | 1.76% |
Monthly Returns
The table below presents the monthly returns of x2, 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 | 4.04% | -2.98% | -7.40% | -2.85% | 0.80% | -8.47% | |||||||
2024 | -1.17% | 12.18% | 6.88% | -9.72% | 7.30% | 1.83% | 1.20% | -2.62% | 5.02% | -4.73% | 13.14% | -5.10% | 23.75% |
2023 | 20.37% | -4.43% | 11.84% | 1.22% | 0.84% | 7.34% | -0.65% | -7.23% | -7.54% | 0.39% | 12.48% | 12.57% | 52.68% |
2022 | -10.76% | 0.29% | 4.41% | -13.98% | -6.89% | -8.97% | 11.24% | -9.38% | -11.31% | -1.38% | 1.79% | -9.57% | -44.71% |
2021 | -0.16% | 5.75% | 7.36% | 6.46% | -6.06% | 5.53% | 8.65% | 4.87% | -8.69% | 17.06% | -1.81% | -4.24% | 37.01% |
2020 | 13.48% | -1.03% | -6.62% | 18.34% | 5.03% | 3.62% | 15.74% | 5.92% | -8.21% | 0.75% | 19.88% | 19.03% | 118.53% |
2019 | 3.85% | 2.97% | 9.98% | 9.59% | 13.08% | 16.00% | 0.84% | 9.24% | -5.45% | 2.92% | -1.73% | -0.18% | 77.75% |
2018 | 0.22% | -7.81% | -7.64% | 4.48% | -1.16% | -2.23% | 4.69% | 3.66% | -5.34% | -11.43% | -7.98% | 0.15% | -27.76% |
2017 | 4.37% | 9.45% | -1.69% | 7.95% | 20.39% | 1.14% | 6.68% | 17.86% | -4.59% | 14.57% | 17.48% | 13.13% | 169.62% |
2016 | -0.38% | 6.39% | 1.70% | -1.55% | 5.48% | 11.94% | 5.57% | -3.24% | -0.09% | -3.12% | -4.21% | 8.44% | 28.66% |
2015 | 3.11% | 1.48% | -0.88% | -3.25% | -1.68% | -4.29% | 8.11% | -10.06% | 0.81% | 14.22% | 4.82% | 0.32% | 11.18% |
2014 | 4.09% | -2.62% | -4.17% | 1.58% | 13.95% | 3.15% | -0.87% | 5.37% | -5.46% | 0.30% | 10.20% | -1.07% | 25.21% |
Expense Ratio
x2 has a high expense ratio of 1.02%, 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
With an overall rank of 91, x2 is among the top 9% of portfolios on our website when it comes to balancing risk and reward. Below is 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 | |
---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | -0.26 | 0.15 | 1.02 | 0.24 | -0.97 |
TMF Direxion Daily 20-Year Treasury Bull 3X | -1.00 | -1.41 | 0.84 | -0.07 | -1.45 |
BTC-USD Bitcoin | 1.64 | 2.27 | 1.24 | 1.35 | 7.13 |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | -1.97 | -2.53 | 0.66 | -0.79 | -3.44 |
VT Vanguard Total World Stock ETF | 0.22 | 0.45 | 1.06 | 0.04 | 0.99 |
GLD SPDR Gold Trust | 2.58 | 3.46 | 1.45 | 1.99 | 13.85 |
TIP iShares TIPS Bond ETF | 0.42 | 0.59 | 1.08 | 0.02 | 1.05 |
TLT iShares 20+ Year Treasury Bond ETF | -0.81 | -1.04 | 0.88 | 0.09 | -1.23 |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 16.63 | 239.52 | 141.73 | 60.35 | 4,678.99 |
Dividends
Dividend yield
x2 provided a 1.14% dividend yield over the last twelve months.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Portfolio | 1.14% | 0.81% | 0.29% | 14.09% | 3.16% | 2.09% | 2.28% | 0.99% | 0.47% | 0.56% | 2.49% | 6.06% |
Portfolio components: | ||||||||||||
TQQQ ProShares UltraPro QQQ | 1.66% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 4.25% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% | 0.00% |
BTC-USD Bitcoin | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 1.75% | 1.47% | 0.98% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% | 13.64% |
VT Vanguard Total World Stock ETF | 1.90% | 1.95% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% | 2.44% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIP iShares TIPS Bond ETF | 2.91% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% |
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% |
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% |
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 x2. 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 x2 was 51.31%, occurring on Dec 28, 2022. Recovery took 707 trading sessions.
The current x2 drawdown is 17.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-51.31% | Nov 10, 2021 | 414 | Dec 28, 2022 | 707 | Dec 4, 2024 | 1121 |
-45.51% | Jun 10, 2011 | 3 | Jun 12, 2011 | 591 | Jan 23, 2013 | 594 |
-41.65% | Dec 17, 2017 | 343 | Nov 24, 2018 | 211 | Jun 23, 2019 | 554 |
-36.3% | Dec 5, 2013 | 14 | Dec 18, 2013 | 401 | Jan 23, 2015 | 415 |
-32.05% | Nov 8, 2010 | 29 | Dec 6, 2010 | 58 | Feb 2, 2011 | 87 |
Volatility
Volatility Chart
The current x2 volatility is 14.31%, 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 9 assets, with an effective number of assets of 2.35, 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 | ASFYX | BTC-USD | GLD | TIP | TQQQ | TMF | TLT | VT | Portfolio | |
---|---|---|---|---|---|---|---|---|---|---|---|
^GSPC | 1.00 | -0.01 | 0.19 | 0.13 | 0.04 | -0.07 | 0.90 | -0.26 | -0.26 | 0.95 | 0.44 |
BIL | -0.01 | 1.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.03 | 0.03 | 0.01 | 0.00 |
ASFYX | 0.19 | 0.00 | 1.00 | 0.02 | 0.07 | 0.04 | 0.19 | 0.01 | 0.01 | 0.22 | 0.28 |
BTC-USD | 0.13 | 0.00 | 0.02 | 1.00 | 0.05 | 0.02 | 0.10 | -0.01 | -0.01 | 0.11 | 0.71 |
GLD | 0.04 | 0.01 | 0.07 | 0.05 | 1.00 | 0.32 | 0.03 | 0.23 | 0.23 | 0.11 | 0.19 |
TIP | -0.07 | 0.01 | 0.04 | 0.02 | 0.32 | 1.00 | -0.05 | 0.71 | 0.72 | -0.05 | 0.31 |
TQQQ | 0.90 | 0.00 | 0.19 | 0.10 | 0.03 | -0.05 | 1.00 | -0.17 | -0.17 | 0.79 | 0.45 |
TMF | -0.26 | 0.03 | 0.01 | -0.01 | 0.23 | 0.71 | -0.17 | 1.00 | 0.99 | -0.21 | 0.29 |
TLT | -0.26 | 0.03 | 0.01 | -0.01 | 0.23 | 0.72 | -0.17 | 0.99 | 1.00 | -0.21 | 0.29 |
VT | 0.95 | 0.01 | 0.22 | 0.11 | 0.11 | -0.05 | 0.79 | -0.21 | -0.21 | 1.00 | 0.39 |
Portfolio | 0.44 | 0.00 | 0.28 | 0.71 | 0.19 | 0.31 | 0.45 | 0.29 | 0.29 | 0.39 | 1.00 |