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Canadian Alpha Stack

Leveraged S&P 500 and Nasdaq core with managed futures and market-neutral sleeves.

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TickerWeightBetaNotes
USSL.TO35%1.251.25x S&P 500 (proxied via 1.25x VFV.TO in CAD).
QQQL.TO20%1.251.25x Nasdaq-100 — tech growth tilt alongside S&P 500 core.
FINN.NE15%1.53Fidelity Global Innovators ETF — concentrated, actively managed global momentum sleeve run by Mark Schmehl.
DGLM.TO20%0.35Systematic global macro managed futures sleeve.
PFMN.TO10%0.12Market-neutral long/short equity.

Weighted portfolio beta (approx.): 1.00

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Total return (vs SPY)

Range
+20.38%
Portfolio
+16.55%
SPY (benchmark)
+3.82%
Excess α vs SPY
-6.32%
Max drawdown
-8.88%
SPY max DD
1.28
Sharpe
Excess return above the 4.5% risk-free rate divided by annualised volatility. Above 1.0 is good; above 2.0 is excellent. SPY typically scores around 0.5–0.8.
2.05
Sortino
Excess return above the 4.5% risk-free rate divided by annualised downside deviation (penalises losses only). Above 1.5 is good; above 3.0 is excellent.
Portfolio score: B+

Alpha score: B+

Max DD score: A

Beta score: B+

Beta: 1.00

Net leverage:

Total: 103.8%

Gross longs: 93.8%

Gross shorts: 10.0%

Gross alpha & alts: 20.0%

Portfolio weights:

USSL.TO: 35%

QQQL.TO: 20%

FINN.NE: 15%

DGLM.TO: 20%

PFMN.TO: 10%

PortfolioSPY

Educational model only — not investment advice. Portfolio betas in the holdings table are weighted to the listed names and weights.

FINN.NE: methodology lists TEC.TOas Yahoo proxies for joint history before live listing when calendar overlap allows. In this chart's Yahoo range there was no separate pre-listing window to splice—line shows the fund's reported adjusted closes only.

DGLM.TO: before September 22, 2025, DGLM.TO is proxied by DBMF daily returns.

PFMN.TO's inception date of 2019-07-16 is limiting the backtest.

Growthshared core
Long/short
Alpha: long/short equity (PFMN.TO)Growth: S&P 500/Nasdaq-100 (USSL.TO, QQQL.TO)
65%
Sideways Chop
Global macro
Alpha: global macro (DGLM.TO)
20%
InflationRecession
Deflation
Factor
Alpha: equity factor (momentum, value) (FINN.NE)Growth: Global equity (FINN.NE)
15%
Inflation