For educational purposes only. Nothing on this site constitutes investment advice. Disclaimers

Risk Parity - All Weather

Equity-heavy all-weather with ~90% equity notional (66% US large-cap, 24% developed international), ~36% bonds (Treasuries, TIPS, long-duration zeros), and ~26% gold via return-stacked capital-efficient wrappers.

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Ticker	Weight	Beta	Notes
NTSD	40%	1.6	90/60 U.S. large-cap + developed international equity overlay — primary equity engine stacking two regional sleeves per dollar.
NTSX	20%	0.9	90/60 U.S. equity + mid-duration Treasuries — growth/recession balance with a built-in bond cushion.
GDT	15%	0.05	90/90 TIPS + gold — explicit inflation protection covering both real rates and monetary inflation.
GDE	15%	1.02	80/80 U.S. equity + gold overlay — inflation and real-asset hedge alongside equity growth.
ZROZ	10%	-0.35	25+ year zero-coupon Treasuries — maximum-duration deflation ballast.

Weighted portfolio beta (approx.): 0.95

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Total return (vs SPY)

Range

+7.03%

Portfolio

+13.23%

SPY (benchmark)

-6.20%

Excess α vs SPY

-12.85%

Max drawdown

-8.88%

SPY max DD

0.15

Sharpe

0.20

Sortino

Portfolio score: D

Alpha score: D

Max DD score: D

Beta score: B+

Beta: 0.95

Net leverage:

Total: 151.0%

Gross longs: 90.0%

Gross shorts: 0.0%

Gross alpha & alts: 61.0%

Portfolio weights:

NTSD: 40%

NTSX: 20%

GDT: 15%

GDE: 15%

ZROZ: 10%

PortfolioSPY

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

GDT: total-return path multiplies daily returns of TIP × GLD. Pre-inception path deducts ~4%/yr wholesale financing on 0.80× incremental notional (gross ~180% vs 100% cash).

GDE: methodology lists SPY × GLD as 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.

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

NTSX's inception date of 2018-08-02 is limiting the backtest.

All-Weather4 quadrants

Growth

NTSD: 90/60 US plus developed-international equity, the growth engine.

40%

Inflation

GDT (TIPS plus gold) and GDE (equity plus gold), the inflation hedges.

30%

Recession

NTSX: 90/60 US equity plus Treasuries, the recession cushion.

20%

Deflation

ZROZ: maximum-duration zero-coupon Treasuries, the deflation ballast.

10%