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Portfolio T1

Systematic strategies in equities, futures and forex, with exposure to individual shares, stock indices, currencies and commodities, run by one engine. For broker accounts from $100,000, at $550 a month, by invitation.

Create your accountYour trading size

Requirements: an account at a broker our platform supports (personal, company or trust, as the broker accepts). To request an invitation, write to us.

The numbers, with their basis

Each figure states what it measures, the period and the setting, with the falls beside the gains.

Portfolio T1 specification

Hypothetical figures: a simulation of the portfolio as it trades now, 2 January 2018 to 11 May 2026, starting at $100,000 with the trading size following the account as it grew (profits reinvested). Not actual trading.

44.2%

Annualised return

trading size following the account

−12.0%

Maximum drawdown

20 February 2019 to 30 May 2019

2.24

Sharpe ratio

daily returns, annualised, risk-free rate 0

+11.2%

Worst year

2018

73%

Positive months

73 of 100 full months

201 days

Longest time to a new high

26 January 2018 to 15 August 2018

Two ways to hold T1 on a $100,000 account. Hypothetical*
Trading size kept at $100,000Trading size following your account
Annualised return19.1%44.2%
Maximum drawdown−12.5%−12.0%
1-in-20 drawdown−14.4%−20.8%
1-in-100 drawdown−18.4%−24.9%
Sharpe ratio1.832.24
Worst year+8.6%+11.2%
Positive months73 of 10073 of 100

The card below shows the second way: you raise the trading size as the account grows, so profits are reinvested. T1 runs to $200,000; past it, the account continues on the next tier [T2, after launch].

Return

Annualised return
44.24%2 January 2018 to 11 May 2026, trading size following the account
Best full year
+82.36%2024
Worst full year
+11.16%2018
Full years that ended lower
0 of 82018 to 2025
2026 to 11 May
+33.28%a part year
Best month
+18.77%March 2024
Best week
+10.93%week to 5 February 2021
Best day
+5.13%22 December 2025
Months that ended higher
73 of 100full months, January 2018 to April 2026
Quarters that ended higher
28 of 33full quarters
Weeks that ended higher
256 of 437calendar weeks
Days that ended higher
55.5%of all trading days

Drawdowns

Maximum drawdown
−12.03%20 February 2019 to 30 May 2019
Back above that high
33 days after the low2 July 2019; 132 days from the high
1-in-20 drawdown
−20.80%50,000 reshuffled versions of the same history
1-in-100 drawdown
−24.91%the same 50,000 versions
Worst day
−8.05%25 February 2020
Worst week
−8.45%week to 28 February 2020
Worst month
−10.39%October 2020
Longest run of losing months
3months in a row
Longest time to a new high
201 days26 January 2018 to 15 August 2018
Typical time back to a high after a dip
4 trading daysthe middle of 163 dips; the average was 12

Daily risk

Volatility
17.00%standard deviation of daily returns, annualised
Value at risk, 95%
−1.39%one day: 1 day in 20 lost at least this
Expected shortfall, 95%
−2.09%the average of those worst days
Value at risk, 99%
−2.39%one day: 1 day in 100 lost at least this
Expected shortfall, 99%
−3.32%the average of those worst days
Skew
+0.16above 0: the large days lean to gains
Excess kurtosis
3.69above 0: more large days than a normal curve

Risk-adjusted return

Sharpe ratio
2.24mean daily return over its standard deviation, annualised
Sortino ratio
3.66the same, over downside deviation only
Calmar ratio
3.68annualised return over maximum drawdown

Against the market

Beta to the S&P 500
[S&P 500 / Nasdaq 100 daily closes]
Beta to the Nasdaq 100
[S&P 500 / Nasdaq 100 daily closes]
Correlation to the S&P 500
[S&P 500 / Nasdaq 100 daily closes]
Correlation to the Nasdaq 100
[S&P 500 / Nasdaq 100 daily closes]
Up capture
[S&P 500 / Nasdaq 100 daily closes]months the S&P 500 rose
Down capture
[S&P 500 / Nasdaq 100 daily closes]months the S&P 500 fell

Exposure

Share of risk: commodities
41.6%of the daily swings
Share of risk: forex
29.7%of the daily swings
Share of risk: stock indices
20.7%of the daily swings
Share of risk: shares
7.9%of the daily swings
Time in the market
[after the per-strategy export]
$100k$200k$400k$800k$1.6M+44.2% a yearS&P 500: added when its daily closes are filed20182020202220242026
$100k$200k$400k$800k$1.6M+44.2% a year20182020202220242026
Growth of $100,000 on a log scale, week by week. [S&P 500 line: to be added.] Hypothetical*
0%−5%−10%−12.0% deepest fall20182020202220242026
0%−5%−10%−12.0% deepest fall20182020202220242026
Underwater: the deepest point below the previous high, week by week. Hypothetical*
+11.2%2018+13.4%2019+46.3%2020+52.0%2021+59.6%2022+30.0%2023+82.4%2024+50.7%2025+33.3%2026†S&P 500 bars: added when its daily closes are filed
+11%’18+13%’19+46%’20+52%’21+60%’22+30%’23+82%’24+51%’25+33%’26†
Each calendar year. † 2026 to 11 May. [S&P 500: to be added.] Hypothetical*
0%50%100%weakest 12 months +3.6%2020202220242026
Every 12-month stretch, measured day by day: 1,919 of 1,919 positive, the weakest +3.6%; each bar is the weakest stretch ending in its month. Hypothetical*
−10%−5%0%+5%+10%+15%average +3.22%worst −10.4%best +18.8%
Monthly results in one-point bins: 73 of 100 full months higher, worst −10.4%, best +18.8%. Hypothetical*
commodities41.6%forex29.7%stock indices20.7%shares7.9%
Share of risk: each asset class’s part of the portfolio’s daily swings (its covariance with the whole, over the whole’s variance); the four add up to 100%. Hypothetical*
JanFebMarAprMayJunJulAugSepOctNovDec2018+1.6%−2.7%−4.8%+2.4%+2.1%−4.0%+6.8%+6.4%+3.0%−2.3%+1.9%+1.1%2019+2.4%−0.2%−2.4%+0.9%−4.6%+8.0%+0.2%+4.3%+3.6%−4.5%−0.3%+6.1%2020+11.6%+2.1%+6.7%+6.7%+0.9%+8.3%+2.4%+5.7%+1.0%−10.4%+7.0%−1.6%2021+4.9%+14.1%+5.4%+5.1%+5.8%+1.1%−0.3%+2.3%−2.6%+1.8%+0.9%+4.9%2022−3.1%+9.8%+18.6%−1.3%−0.1%−0.9%+9.1%−1.1%−1.5%+13.6%+2.7%+4.5%2023+1.1%−0.9%+7.5%−4.5%+7.8%+0.2%+1.1%+5.4%−2.9%−0.6%+11.3%+1.9%2024−2.2%−4.0%+18.8%+10.6%+6.7%+0.5%+9.0%+1.3%+10.1%+3.2%+9.8%+0.2%2025+8.8%+3.4%−4.5%+2.6%+8.2%+4.3%+1.0%−0.6%+3.3%+10.5%+1.7%+4.0%2026+8.0%+9.3%+8.7%+2.4%
’18’19’20’21’22’23’24’25’26Jan+1.6%+2.4%+12%+4.9%−3.1%+1.1%−2.2%+8.8%+8.0%Feb−2.7%−0.2%+2.1%+14%+9.8%−0.9%−4.0%+3.4%+9.3%Mar−4.8%−2.4%+6.7%+5.4%+19%+7.5%+19%−4.5%+8.7%Apr+2.4%+0.9%+6.7%+5.1%−1.3%−4.5%+11%+2.6%+2.4%May+2.1%−4.6%+0.9%+5.8%−0.1%+7.8%+6.7%+8.2%Jun−4.0%+8.0%+8.3%+1.1%−0.9%+0.2%+0.5%+4.3%Jul+6.8%+0.2%+2.4%−0.3%+9.1%+1.1%+9.0%+1.0%Aug+6.4%+4.3%+5.7%+2.3%−1.1%+5.4%+1.3%−0.6%Sep+3.0%+3.6%+1.0%−2.6%−1.5%−2.9%+10%+3.3%Oct−2.3%−4.5%−10%+1.8%+14%−0.6%+3.2%+11%Nov+1.9%−0.3%+7.0%+0.9%+2.7%+11%+9.8%+1.7%Dec+1.1%+6.1%−1.6%+4.9%+4.5%+1.9%+0.2%+4.0%
Every month as a cell: green for a gain, grey for a loss, darker for larger. Hypothetical*

Worst day

−8.05%

25 February 2020

Worst week

−8.45%

week to 28 February 2020

Worst month

−10.39%

October 2020

Terms

Minimum account
$100,000personal, company or trust, at a broker our platform supports
Trading size range
$100,000 to $200,000set by you, in steps of $2,000; any account of $100,000 or more can use T1 within this range
Fees
$550 a monthin US dollars; one fixed fee, no performance fee

Hypothetical performance

What these figures are: the portfolio’s current strategies at their current settings, applied to market data from 2 January 2018 to 11 May 2026, starting at $100,000 with the trading size following the account as it grew (profits reinvested). They are not the results of any account. Each strategy keeps its rules fixed for the whole period; the strategies were chosen and sized with hindsight, using these same years. The figures are after estimated trading costs and before the $550 monthly subscription.

One path of many

The simulation is set among 400 histories rebuilt from its own days, then followed through six market shocks since 2018.

$100k$200k$400k$800k$1.6M$3.2M0%−10%−12.0%, the deepest fall−20.8%: 1 in 20 reshuffled histories fell further+44.2% a yearMay 20262018+11.2%2019+13.4%2020+46.3%2021+52.0%2022+59.6%2023+30.0%2024+82.4%2025+50.7%Jan–May+33.3%
$100k$200k$400k$800k$1.6M$3.2M0%−10%−12.0% deepest fall−20.8%: 1 in 20 fell further+44.2% a yearMay 20262018+11.2%2019+13.4%2020+46.3%2021+52.0%2022+59.6%2023+30.0%2024+82.4%2025+50.7%2026+33.3%
The simulation set against the middle 90% of 400 histories rebuilt from its own days; below, each month’s deepest drawdown. Hypothetical* [the years each strategy’s rules were not fitted to: marked when T1 is final]
$100k$200k$400k$800k$1.6M$3.2M$6.4M95th percentile5th percentile20182026
$100k$200k$400k$800k$1.6M$3.2M$6.4M95th percentile5th percentile20182026
Reshuffled histories built from the simulation’s own days, with the 5th and 95th percentile edges and the simulation’s line through them. Hypothetical*

Through the shocks

Each figure is the simulation’s net result over the window named. A gain over a window can hide a fall inside it, and the simulation’s maximum drawdown, February to May 2019, lay outside these windows.

Oct to Dec 2018

Stock sell-off

+0.6%

Rate and trade fears

Feb to Mar 2020

Covid crash

+9.0%

The fastest bear market on record

2022, the whole year

Rate shock

+59.6%

Stocks and bonds fell together

Mar 2023

Bank failures

+7.5%

US regional banks

Aug 2024

Yen carry unwind

+1.3%

Leveraged yen trades closed at once

Apr 2025

Tariff shock

+2.6%

US tariffs announced on 2 April

Hypothetical*

Your trading size

Choose the account size you copy T1 as: from $100,000 to $200,000, in 50 steps of $2,000. Start with your account’s value.

T1 trades a fixed $100,000. It does not reinvest its profits. Your trading size scales every copied position; you change it in Your portfolio, and a change applies once you approve it.

In a drawdown, new trades shrink. Below its previous high, T1 cuts new trades by the distance from it: $10,000 below, 10% smaller. The cut is gone at a new high.

A size above your account is leverage. Losses scale in the same proportion as gains. On a $100,000 account, the 1-in-100 fall in this simulation was 24.9% trading as $100,000, 35.4% trading as $150,000 and 44.8% trading as $200,000.

An example in round numbers
  1. Joining. An investor with $120,000 sets the trading size to $120,000 and copies T1 at 1.2 times the model.
  2. A drawdown. The model falls $15,000 below its high; the account is $18,000 lower, at $102,000. New trades are 15% smaller, so they now fit $102,000. No action is needed.
  3. Growth. The model makes new highs and the account reaches $130,000. Your portfolio shows that the account is now above the trading size; raising it to $130,000 takes one confirmation there and your approval.
  4. A withdrawal. The investor withdraws $20,000, leaving $110,000, and sets the trading size to $110,000. Keeping it higher is the investor’s choice; the trades are then larger than the money behind them.

It shows how sizing works; it is not a projection of T1’s results.

How positions are rounded

Every position is rounded down, never up. A futures position of one micro contract becomes two only at twice the size, trading as $200,000. Shares round down to whole shares, forex to units of 1,000. A small step can therefore leave some positions unchanged; none is ever larger than your trading size implies.

trading size
$100k$150k$200k

trading as$100,000

Drag or pick a preset. The curve and the figures follow, measured against your account size.

The simulation at this trading size, day by day, with its drawdowns below. Hypothetical*

–

maximum drawdown at this size

–

worst month at this size

1.00×

times your account

Hypothetical simulation: the portfolio’s days, 2 January 2018 to 11 May 2026, profits reinvested, scaled by your trading size over your account size. The falls are shown first; a larger size deepens them in the same proportion. End of day only: it leaves out extra costs, margin, moves within a day and the rounding of positions.

When you start copying, you choose once: join the trades already open, or start from the next ones. That choice stands for every later change to your trading size.

Before you subscribe

The money stays at your broker, and you can pause or stop at any time.

Important information

All performance on this page is simulated and was prepared with the benefit of hindsight; end-of-day figures hide moves within a day, and real results will differ. Futures and forex are leveraged: you can lose more than you deposit.

Read the risk warning.

Create your accountAll portfolios
  1. 01

    Introduction call

    30 minutes with our team on the method, the requirements and the research pack.

  2. 02

    Eligibility

    We confirm your country and that your account meets the minimum. We do not assess suitability or give investment advice.

  3. 03

    Subscription

    Create your account with your invitation and link your broker account to our platform.

    5–10 business days
  4. 04

    Trading size

    Your account’s value, from $100,000. The first trade arrives with the next signal.