Cautious Fund Surfing | SPY vs. TLT | 3x
Today’s Change (Mar 18, 2026)
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About
A cautious switcher between 3× S&P 500 (UPRO) and long Treasuries (TLT). It only buys 3× stocks when recent volatility is low and stocks aren’t “hot”; otherwise it sits in TLT. Uses 15 short lookbacks, averages their votes, and rebalances daily since 2009.
How it worksThis strategy “surfs” between two funds every day: UPRO (a fund that aims to move about 3× as much as the S&P 500) and TLT (long‑term U.S. Treasury bonds). It runs 15 quick checks using recent 14–42 days of data:
- If the stock market (SPY) has been calm (small daily swings), AND its short‑term “heat score” (RSI: a 0–100 measure of recent ups vs downs) looks cooler than a cash‑like bond fund (SHY), that check buys UPRO.
- Otherwise it holds TLT.
The portfolio averages all 15 votes. More “UPRO votes” means more UPRO; jumpy or overheated markets push it into TLT.
Value propSignificantly higher upside vs the S&P 500: OOS annualized return ≈39.8% vs ≈22%. Volatility-gated 3x equity exposure with a Treasuries hedge aims to ride rallies and cushion downturns. Calmar ≈1.04; expect larger drawdowns (~38%).
1M
3M
6M
YTD
1Y
3Y
Max
Performance
Compared to selected benchmarks
| Alpha | Beta | R2 | R | |
|---|---|---|---|---|
| 0.22 | 0.79 | 0.26 | 0.51 |
Performance Metrics
| Cumulative Return | Annualized Return | Trailing 1M Return | Trailing 3M Return | Sharpe Ratio | |
|---|---|---|---|---|---|
| 880.97% | 14.66% | -1.77% | 0.2% | 0.88 | |
| 15,234.63% | 35.18% | -6.26% | -1.92% | 1.28 |
Initial Investment
$10,000.00
Final Value
$1,533,462.53Regulatory Fees
$3,983.06
Total Slippage
$25,081.06
Invest in this strategy
OOS Start Date
Apr 3, 2023
Trading Setting
Daily
Type
Stocks
Category
Tactical allocation, stocks vs bonds, leveraged etfs, volatility filter, rsi momentum, daily rebalance