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US & Canada - Low Beta & Long/Short

Levered US growth stack with Canadian low-vol equity and preferred income — modeled in CAD.

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TickerWeightBetaNotes
USSL.TO35%1.251.25× S&P 500 (charts: 1.25× VFV.TO TR + Canadian borrow on extra 0.25× notional; unhedged S&P proxy for this sleeve).
QQQL.TO30%1.251.25× Nasdaq-100 (charts: 1.25× QQQ TR in CAD + Canadian borrow on extra 0.25× notional).
ZLB.TO20%0.63BMO Low Volatility US Equity (CAD-hedged).
PFLS.TO15%0.48Long/short equity (~160% / ~100% gross).

Weighted portfolio beta (approx.): 1.01

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Total return (CAD vs SPY)

Range
+31.93%
Portfolio
+21.53%
SPY (benchmark)
+10.40%
Excess α vs SPY
-8.12%
Max drawdown
-9.41%
SPY max DD
2.39
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.
3.71
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: B+

Alpha score: A

Max DD score: B+

Beta score: B

Beta: 1.01

Net leverage:

Total: 110.3%

Gross longs: 125.3%

Gross shorts: 15.0%

Gross alpha & alts: 0.0%

Portfolio weights:

USSL.TO: 35%

QQQL.TO: 30%

ZLB.TO: 20%

PFLS.TO: 15%

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

PFLS.TO's inception date of 2020-08-06 is limiting the backtest.