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Factor - Momentum & Value

Canadian-listed momentum and Nasdaq growth paired with US small-cap value — 60% growth, 40% value, buy and hold.

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TickerWeightBetaNotes
FCMO.TO30%1Fidelity U.S. Momentum ETF — 100-stock U.S. large-cap momentum factor, quarterly rebalanced.
QQQL.TO25%1.251.25× Nasdaq-100 (charts: 1.25× QQQ TR in CAD + Canadian borrow on extra 0.25× notional).
ZLB.TO25%0.63BMO Low Volatility US Equity (CAD-hedged) — defensive low-beta anchor.
VFLO20%0.75Large-cap free-cash-flow quality tilt — value factor via high-FCF yield selection.

Weighted portfolio beta (approx.): 0.92

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Total return (CAD vs SPY)

Range
+33.42%
Portfolio
+24.56%
SPY (benchmark)
+8.86%
Excess α vs SPY
-6.28%
Max drawdown
-9.41%
SPY max DD
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.
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: 0.92

Net leverage:

Total: 76.3%

Gross longs: 76.3%

Gross shorts: 0.0%

Gross alpha & alts: 0.0%

Portfolio weights:

FCMO.TO: 30%

QQQL.TO: 25%

ZLB.TO: 25%

VFLO: 20%

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

FCMO.TO: methodology lists SPMOas 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.

VFLO: methodology lists COWZas 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.

VFLO's inception date of 2016-12-22 is limiting the backtest.