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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.TO45%1.251.25x S&P 500 (proxied via 1.25x VFV.TO in CAD).
QQQL.TO25%1.251.25x Nasdaq-100 — tech growth tilt alongside S&P 500 core.
DGLM.TO20%0.35Systematic global macro managed futures sleeve.
PFMN.TO10%0.12Market-neutral long/short equity.

Weighted portfolio beta (approx.): 0.96

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Total return (CAD vs SPY)

Range
+31.55%
Portfolio
+23.01%
SPY (benchmark)
+8.54%
Excess α vs SPY
-7.24%
Max drawdown
-9.41%
SPY max DD
2.48
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.
3.91
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.
PortfolioSPY
Portfolio score: A

Alpha score: A

Max DD score: A

Beta score: B+

Beta: 0.96

Net leverage:

Total: 107.5%

Gross longs: 97.5%

Gross shorts: 10.0%

Gross alpha & alts: 20.0%

Portfolio weights:

USSL.TO: 45%

QQQL.TO: 25%

DGLM.TO: 20%

PFMN.TO: 10%

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

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.