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US + Long/Short

Concentrated levered US growth with a Canadian market-neutral long/short sleeve — three positions, buy and hold.

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TickerWeightBetaNotes
USSL.TO50%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.TO25%1.251.25× Nasdaq-100 (charts: 1.25× QQQ TR in CAD + Canadian borrow on extra 0.25× notional).
PFLS.TO15%0.48Long/short equity (~160% / ~100% gross).
ATSX.TO10%0.8150/50 Canadian long/short equity (TSX 60).

Weighted portfolio beta (approx.): 1.09

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Total return (CAD vs SPY)

Range
+36.37%
Portfolio
+21.53%
SPY (benchmark)
+14.84%
Excess α vs SPY
-8.50%
Max drawdown
-9.41%
SPY max DD
2.61
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.
4.13
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: B+

Beta score: B

Beta: 1.09

Net leverage:

Total: 112.8%

Gross longs: 132.8%

Gross shorts: 20.0%

Gross alpha & alts: 0.0%

Portfolio weights:

USSL.TO: 50%

QQQL.TO: 25%

PFLS.TO: 15%

ATSX.TO: 10%

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.