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Long/Short Equity

Net-long long/short equity across US and global markets, paired with capital-efficient international equity overlay and cross-asset diversifiers in managed futures, commodities, and currencies.

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TickerWeightBetaNotes
CLSE25%0.6Convergence US net-long L/S equity (~110% long / 60% short gross) — systematic US long/short core.
NTSD25%1.690/60 U.S. large-cap + developed international equity overlay — adds regional equity breadth to the long book.
WTLS20%0.85WisdomTree 90% U.S. large-cap + 90% ML-driven L/S overlay — capital-efficient L/S in one wrapper.
ORR15%0.55Militia global L/S equity — fundamental stock selection across regions as the international L/S complement.
DBMF5%0.05iMGP managed futures — long/short across rates, currencies, and commodities as a cross-asset diversifier.
HARD5%0.2Simplify systematic L/S commodity futures — commodity long/short sleeve.
FOXY5%0.05Rareview currency carry and mean-reversion — uncorrelated FX alpha source.

Weighted portfolio beta (approx.): 0.82

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Total return (vs SPY)

Range
+11.45%
Portfolio
+7.37%
SPY (benchmark)
+4.08%
Excess α vs SPY
-6.62%
Max drawdown
-8.88%
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: B+

Adjustment: Portfolio history is under 1 year, so the overall score is downgraded by one letter.

Alpha score: A+

Max DD score: A

Beta score: B+

Beta: 0.82

Net leverage:

Total: 65.0%

Gross longs: 87.5%

Gross shorts: 27.5%

Gross alpha & alts: 5.0%

Portfolio weights:

CLSE: 25%

NTSD: 25%

WTLS: 20%

ORR: 15%

DBMF: 5%

HARD: 5%

FOXY: 5%

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

NTSD: before March 19, 2026, NTSD is shown as a simulated daily blend (90% SPY + 60% EFA returns, minus ~0.6% annual drag).

WTLS's inception date of 2026-01-23 is limiting the backtest.