x3
Asset Allocation
Performance
The chart shows the growth of an initial investment of $10,000 in x3, 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 Quarterly
Returns
As of Sep 23, 2023, the x3 returned 12.52% Year-To-Date and 16.21% of annualized return in the last 10 years.
| 1 month | 6 months | Year-To-Date | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
| Benchmark | -1.55% | 9.05% | 12.97% | 17.44% | 8.37% | 9.90% |
| x3 | -5.57% | -0.58% | 10.63% | -2.98% | 12.23% | 16.03% |
| Portfolio components: | ||||||
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 2.28% | 6.24% | -3.80% | -10.72% | 9.87% | 6.64% |
TQQQ ProShares UltraPro QQQ | -4.77% | 43.70% | 111.29% | 72.42% | 16.32% | 34.68% |
TMF Direxion Daily 20-Year Treasury Bull 3X | -18.34% | -40.58% | -34.09% | -46.86% | -21.34% | -7.90% |
TIP iShares TIPS Bond ETF | -1.22% | -2.95% | -0.58% | -1.16% | 1.95% | 1.61% |
TLT iShares 20+ Year Treasury Bond ETF | -6.06% | -13.14% | -8.51% | -12.99% | -3.33% | 0.62% |
GLD SPDR Gold Trust | 0.05% | -2.34% | 4.75% | 16.14% | 9.50% | 3.26% |
VT Vanguard Total World Stock ETF | -1.20% | 6.62% | 10.75% | 18.97% | 6.63% | 7.75% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.41% | 2.44% | 3.47% | 4.39% | 1.55% | 0.95% |
| Returns over 1 year are annualized | ||||||
Asset Correlations Table
| BIL | ASFYX | GLD | TQQQ | VT | TIP | TMF | TLT | |
|---|---|---|---|---|---|---|---|---|
| BIL | 1.00 | 0.00 | -0.00 | -0.01 | -0.00 | -0.00 | 0.02 | 0.02 |
| ASFYX | 0.00 | 1.00 | 0.05 | 0.17 | 0.19 | 0.07 | 0.04 | 0.04 |
| GLD | -0.00 | 0.05 | 1.00 | 0.02 | 0.10 | 0.36 | 0.25 | 0.25 |
| TQQQ | -0.01 | 0.17 | 0.02 | 1.00 | 0.84 | -0.07 | -0.23 | -0.23 |
| VT | -0.00 | 0.19 | 0.10 | 0.84 | 1.00 | -0.08 | -0.30 | -0.30 |
| TIP | -0.00 | 0.07 | 0.36 | -0.07 | -0.08 | 1.00 | 0.72 | 0.72 |
| TMF | 0.02 | 0.04 | 0.25 | -0.23 | -0.30 | 0.72 | 1.00 | 1.00 |
| TLT | 0.02 | 0.04 | 0.25 | -0.23 | -0.30 | 0.72 | 1.00 | 1.00 |
Dividend yield
x3 granted a 17.19% dividend yield in the last twelve months.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| x3 | 17.19% | 17.63% | 5.00% | 3.35% | 4.14% | 1.67% | 0.71% | 0.82% | 4.63% | 11.92% | 1.07% | 2.25% |
| Portfolio components: | ||||||||||||
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 33.45% | 32.48% | 8.05% | 4.79% | 8.02% | 1.99% | 0.10% | 0.01% | 7.86% | 21.97% | 0.00% | 2.32% |
TQQQ ProShares UltraPro QQQ | 1.42% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% | 0.00% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 3.64% | 1.65% | 0.13% | 2.31% | 1.00% | 1.59% | 0.44% | 0.00% | 0.00% | 0.00% | 0.62% | 0.18% |
TIP iShares TIPS Bond ETF | 2.44% | 7.09% | 4.64% | 1.32% | 2.01% | 3.16% | 2.49% | 1.81% | 0.42% | 2.08% | 1.45% | 2.84% |
TLT iShares 20+ Year Treasury Bond ETF | 3.55% | 2.73% | 1.56% | 1.59% | 2.44% | 2.90% | 2.76% | 3.02% | 3.11% | 3.26% | 4.09% | 3.47% |
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% |
VT Vanguard Total World Stock ETF | 2.10% | 2.23% | 1.89% | 1.75% | 2.50% | 2.80% | 2.38% | 2.76% | 2.91% | 2.95% | 2.56% | 2.93% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.09% | 1.39% | 0.00% | 0.31% | 2.15% | 1.78% | 0.74% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% |
Expense Ratio
The x3 has a high expense ratio of 1.27%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
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 | Ulcer Index | |
|---|---|---|---|---|---|
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | -0.61 | ||||
TQQQ ProShares UltraPro QQQ | 0.94 | ||||
TMF Direxion Daily 20-Year Treasury Bull 3X | -0.84 | ||||
TIP iShares TIPS Bond ETF | -0.20 | ||||
TLT iShares 20+ Year Treasury Bond ETF | -0.67 | ||||
GLD SPDR Gold Trust | 0.99 | ||||
VT Vanguard Total World Stock ETF | 0.98 | ||||
BIL SPDR Barclays 1-3 Month T-Bill ETF | 14.84 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the x3. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the x3 is 43.92%, recorded on Dec 28, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -43.92% | Nov 22, 2021 | 277 | Dec 28, 2022 | — | — | — |
| -27.24% | Mar 10, 2020 | 7 | Mar 18, 2020 | 20 | Apr 16, 2020 | 27 |
| -23.81% | Jan 29, 2018 | 208 | Nov 21, 2018 | 103 | Apr 24, 2019 | 311 |
| -19.95% | Aug 11, 2016 | 79 | Dec 1, 2016 | 121 | May 26, 2017 | 200 |
| -18.22% | May 3, 2013 | 36 | Jun 24, 2013 | 127 | Dec 23, 2013 | 163 |
Volatility Chart
The current x3 volatility is 5.83%, 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.