x3
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 50% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | Government Bonds | -42.50% |
GLD SPDR Gold Trust | Precious Metals, Gold | 8.75% |
TIP iShares TIPS Bond ETF | Inflation-Protected Bonds | 12.50% |
TLT iShares 20+ Year Treasury Bond ETF | Government Bonds | 12.50% |
TMF Direxion Daily 20-Year Treasury Bull 3X | Leveraged Bonds, Leveraged | 25% |
TQQQ ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 25% |
VT Vanguard Total World Stock ETF | Large Cap Growth Equities | 8.75% |
Performance
Performance Chart
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The earliest data available for this chart is Jul 30, 2010, corresponding to the inception date of ASFYX
Returns By Period
As of May 11, 2025, the x3 returned -12.75% Year-To-Date and 10.75% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -3.77% | 7.44% | -5.60% | 8.37% | 14.12% | 10.46% |
| x3 | -12.75% | 8.34% | -18.00% | -12.76% | 2.13% | 10.75% |
| Portfolio components: | ||||||
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | -17.05% | -0.55% | -16.99% | -27.39% | 1.49% | 0.36% |
TQQQ ProShares UltraPro QQQ | -25.26% | 27.81% | -28.29% | 1.00% | 26.28% | 29.84% |
TMF Direxion Daily 20-Year Treasury Bull 3X | -3.12% | 1.83% | -18.58% | -15.30% | -36.24% | -13.14% |
TIP iShares TIPS Bond ETF | 3.53% | 1.56% | 1.94% | 5.91% | 1.49% | 2.41% |
TLT iShares 20+ Year Treasury Bond ETF | 1.08% | 1.10% | -3.86% | 0.64% | -9.36% | -0.54% |
GLD SPDR Gold Trust | 26.73% | 4.96% | 23.75% | 40.30% | 14.04% | 10.19% |
VT Vanguard Total World Stock ETF | 1.45% | 9.12% | -1.10% | 9.52% | 13.52% | 8.82% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 1.48% | 0.35% | 2.11% | 4.76% | 2.57% | 1.77% |
Monthly Returns
The table below presents the monthly returns of x3, 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 | 2.61% | 1.00% | -8.57% | -7.08% | -0.91% | -12.75% | |||||||
| 2024 | -1.63% | 4.13% | 3.76% | -8.32% | 6.32% | 3.88% | 0.62% | -1.12% | 4.41% | -8.52% | 6.01% | -5.64% | 2.29% |
| 2023 | 15.45% | -5.69% | 8.13% | 0.83% | 2.82% | 6.29% | 0.19% | -6.28% | -10.01% | -6.71% | 13.87% | 12.91% | 31.49% |
| 2022 | -9.24% | -2.42% | 4.12% | -13.19% | -4.82% | -2.93% | 9.57% | -8.13% | -13.34% | -3.13% | 6.78% | -10.86% | -40.51% |
| 2021 | -3.75% | -3.33% | -2.64% | 8.55% | 0.47% | 7.47% | 6.18% | 2.58% | -8.97% | 10.97% | -0.06% | 0.29% | 17.08% |
| 2020 | 9.38% | 1.04% | -1.73% | 14.22% | 3.76% | 5.79% | 13.73% | 6.66% | -8.35% | -6.00% | 12.23% | 6.72% | 70.44% |
| 2019 | 6.60% | 1.20% | 10.61% | 4.47% | -1.79% | 7.56% | 2.56% | 12.02% | -4.09% | 0.89% | 2.73% | 0.91% | 51.78% |
| 2018 | 7.75% | -9.57% | -2.51% | -2.59% | 5.09% | 0.95% | 0.39% | 7.80% | -5.21% | -13.13% | -0.16% | 1.62% | -11.24% |
| 2017 | 5.22% | 6.48% | 0.26% | 3.29% | 4.73% | -3.04% | 4.41% | 5.36% | -2.83% | 5.61% | 2.50% | 2.34% | 39.54% |
| 2016 | 3.18% | 3.79% | 3.27% | -3.83% | 1.83% | 7.52% | 8.88% | -2.22% | -1.37% | -7.68% | -7.54% | 1.17% | 5.59% |
| 2015 | 12.22% | -0.94% | -0.28% | -3.24% | -1.48% | -8.76% | 8.09% | -7.73% | 0.42% | 9.58% | 0.25% | -4.37% | 1.46% |
| 2014 | 2.60% | 5.71% | -1.95% | 2.47% | 7.96% | 3.48% | 1.10% | 11.07% | -3.35% | 3.62% | 9.86% | 1.88% | 53.24% |
Expense Ratio
x3 has a high expense ratio of 1.27%, 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 x3 is 1, meaning it’s performing worse than 99% of other 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 | |
|---|---|---|---|---|---|
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | -1.99 | -2.50 | 0.67 | -0.75 | -1.76 |
TQQQ ProShares UltraPro QQQ | 0.02 | 0.56 | 1.08 | 0.04 | 0.09 |
TMF Direxion Daily 20-Year Treasury Bull 3X | -0.39 | -0.31 | 0.96 | -0.19 | -0.71 |
TIP iShares TIPS Bond ETF | 1.24 | 1.78 | 1.23 | 0.59 | 3.82 |
TLT iShares 20+ Year Treasury Bond ETF | 0.01 | 0.09 | 1.01 | -0.00 | -0.01 |
GLD SPDR Gold Trust | 2.39 | 3.30 | 1.42 | 5.33 | 14.20 |
VT Vanguard Total World Stock ETF | 0.55 | 0.94 | 1.14 | 0.62 | 2.74 |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 20.77 | 250.17 | 145.44 | 441.43 | 4,066.20 |
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Dividends
Dividend yield
x3 provided a 1.48% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.48% | 1.01% | 0.37% | 17.61% | 3.95% | 2.61% | 2.84% | 1.23% | 0.59% | 0.69% | 3.12% | 7.58% |
| Portfolio components: | ||||||||||||
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 1.77% | 1.47% | 0.98% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% | 13.64% |
TQQQ ProShares UltraPro QQQ | 1.67% | 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 | 4.37% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% | 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 | 4.35% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
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 | 1.90% | 1.95% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% | 2.44% |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the x3. 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 x3 was 43.92%, occurring on Dec 28, 2022. The portfolio has not yet recovered.
The current x3 drawdown is 32.87%.
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 |
| -18.23% | May 3, 2013 | 36 | Jun 24, 2013 | 127 | Dec 23, 2013 | 163 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 8 assets, with an effective number of assets of 1.66, 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 | GLD | TIP | TQQQ | TMF | TLT | VT | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | -0.01 | 0.19 | 0.04 | -0.07 | 0.90 | -0.26 | -0.26 | 0.95 | 0.55 |
| BIL | -0.01 | 1.00 | -0.01 | 0.01 | 0.01 | -0.02 | 0.02 | 0.02 | -0.01 | -0.01 |
| ASFYX | 0.19 | -0.01 | 1.00 | 0.07 | 0.04 | 0.18 | 0.01 | 0.00 | 0.20 | 0.44 |
| GLD | 0.04 | 0.01 | 0.07 | 1.00 | 0.35 | 0.03 | 0.24 | 0.24 | 0.11 | 0.27 |
| TIP | -0.07 | 0.01 | 0.04 | 0.35 | 1.00 | -0.05 | 0.74 | 0.74 | -0.04 | 0.48 |
| TQQQ | 0.90 | -0.02 | 0.18 | 0.03 | -0.05 | 1.00 | -0.19 | -0.19 | 0.85 | 0.65 |
| TMF | -0.26 | 0.02 | 0.01 | 0.24 | 0.74 | -0.19 | 1.00 | 1.00 | -0.24 | 0.48 |
| TLT | -0.26 | 0.02 | 0.00 | 0.24 | 0.74 | -0.19 | 1.00 | 1.00 | -0.24 | 0.47 |
| VT | 0.95 | -0.01 | 0.20 | 0.11 | -0.04 | 0.85 | -0.24 | -0.24 | 1.00 | 0.54 |
| Portfolio | 0.55 | -0.01 | 0.44 | 0.27 | 0.48 | 0.65 | 0.48 | 0.47 | 0.54 | 1.00 |