A very conservative, cash-heavy portfolio: 80% cash and 20% split equally among three currency ETFs—UUP (U.S. dollar), FXE (euro), and FXY (yen)—to add a small, hedged currency diversifier with low overall volatility.

- 80% stays in cash. - The other 20% is split evenly across three currency funds: • UUP: aims to rise when the U.S. dollar strengthens vs major currencies. • FXE: rises when the euro strengthens vs the dollar. • FXY: rises when the Japanese yen strengthens vs the dollar. No automatic rebalancing. Exposure is currencies, not stocks.

Defensive, cash-heavy strategy plus a small FX sleeve delivers downside protection: OOS max drawdown 2.8% vs S&P ~18.8%, low volatility (~3.3%), and a positive risk-adjusted profile (~0.18 Sharpe). A ballast that smooths market shocks.