A quarterly, 4-ETF rotation using BND vs BIL to gauge risk, then picks four momentum-based ETFs (often leveraged) for risk-on or defensive/hedged mixes for risk-off regimes.

Think of it as a quarterly signal system. It first compares two bond-related indicators (BND vs BIL) to judge if the environment is more safe or more risky. If the signal says risk-on, it searches a set of ETFs that tend to rise when markets are strong (often leveraged exposure to tech, semiconductors, and broader indices) and selects the four with the strongest recent momentum. If the signal says risk-off, it switches to defensive assets and hedges designed to protect against declines (defensive sectors, short or inverse stock exposure, and selective hedges in bonds and volatility). An optional anti-beta sleeve adds extra hedging. The system rebalances only four times a year, keeping trading and turnover low, and relies on a moving-average and RSI-based ranking to pick the four assets for the coming quarter. Examples of included assets cover popular broad ETFs (like BND, SHY, TLT) and levered/defensive choices (SOXL, TECL, TQQQ, UPRO, SDS, QID, TMF, BTAL, USDU, XLP, XLE, XLV, XLK, UGL, VIX-related funds). The exact mix varies by regime (risk-on vs risk-off) and sub-regimes (rising vs falling rates).

Out-of-sample, this strategy aims for higher upside than SPY (≈30% annualized vs 22.6%), via quarterly risk-on/off momentum with hedges and low turnover. Calmar ~0.76; note higher drawdowns in stress.