Daily on/off switch for short volatility: go 100% into SVIX when recent bond gains suggest calmer conditions; otherwise sit in T‑bills (BIL). Seeks to profit in quiet markets and step aside during stress.

Each day, it asks: did a broad bond fund (BND) rise over the last 5 days more than a T‑bill fund (BIL) did over 7 days? If yes, it buys SVIX—an ETF that goes up when market “fear” (VIX futures) falls. If not, it parks in BIL. All‑or‑nothing, rebalanced daily. SVIX is very risky.

Dynamic SVIX/BIL switch hedges equity risk by rotating to SVIX in calm markets and to cash in stress. But out-of-sample shows -32% annualized return, ~67% max drawdown, and weak risk-adjusted metrics vs SPY—best as a high-tolerance hedge, not core growth.