A regime-based, cash-equal strategy that rotates levered semiconductor bets and volatility hedges based on short-term momentum and volatility signals; high risk, with moves between High/Medium/Low volatility regimes and a normal semis-broad-market mode.

K Wave V4 is a rule-based system that chooses a small group of assets based on short-term momentum and volatility signals, then allocates cash among them in a way that tries to move only modestly from one regime to another. It splits decisions into three volatility regimes (High, Medium, Low). In High Vol, it tends to favor leveraged semiconductor bets (SOXL) with a hedge mix (UVXY, VIXM, UUP, SHY). In Medium/Low volatility, it shifts between hedges and semiconductor exposure or expands to a broader semiconductors list (TSM, NVDA, etc.) using momentum and moving-average rules to pick the leaders. Cash-equal weighting means capital is spread evenly across the chosen assets within the active group, and the corridor width caps how much you can reallocate at once to avoid big swings. The strategy grounds decisions in short-term momentum (relative strength vs a benchmark), price trends (moving averages), and comparisons to benchmarks like SMH and SPY, with occasional use of longer-term price signals for guardrails. Note: this is a high-risk strategy due to levered ETFs and concentrated semiconductor exposure, and it uses hedges to dampen risk rather than eliminate it.

Out-of-sample annualized return ~63% vs SPY's ~23%; Calmar ~1.07. A regime-based, cash-equal tilt to leveraged semis with volatility hedges seeks big upside in up markets while capping drawdowns—higher risk, higher potential reward vs SPY.