العربية

ITIZAN

A balanced mix of growth opportunities and defensive components.

Start with ITIZANCompare portfolios

Each portfolio is a standard model with predefined rules, not a portfolio tailored to you. You choose which model to follow; the portfolio subscription does not include a personalized suitability assessment. Review the portfolio risks and service terms before proceeding.

Historical metrics

Hypothetical backtest · 2015–2026

Compound annual growth rate
12.6%
Annualised portfolio growth over the backtest period.
Best year
31.6%
Worst year
−4.4%
Maximum drawdownFrom peak to trough
−11.6%
Annual volatility
8.4%

Hypothetical backtested results, not an actual trading record. Past performance does not guarantee future results, and future losses may exceed the drawdowns shown.

About the metrics
Compound annual growth rate
Annualised portfolio growth over the backtest period.
Maximum peak-to-trough drawdown
The largest decline from a previous portfolio high to a subsequent low during the backtest.
Annual volatility
A measure of the variation in daily returns, expressed on an annual basis.

March 2015 – September 2026

Performance comparison

ITIZAN compared with the SPY ETF, tracking the S&P 500 Index.

March 2015 – September 2026

Growth of a hypothetical USD 100,000 investment.
Date
ITIZAN
394,619USD
SPY ETF
437,012USD

Portfolio value in USD

0200k400k600k20152018202120242026

Time

Touch the chart or move the pointer to inspect values. Use the date slider or arrow keys to move through daily observations.

End-of-period value
ITIZAN
394,619USD
SPY ETF
437,012USD
View chart data
Growth of a hypothetical USD 100,000 investment. · 2026
DateITIZAN (USD)SPY (USD)
368,287388,442
373,500391,026
375,353393,353
374,951392,086
373,906392,046
377,084394,636
377,157395,261
380,017394,470
379,695392,528
379,813393,599
379,394393,267
378,541385,262
379,144389,708
384,513391,743
388,372391,886
391,359393,874
396,219395,444
401,167395,404
402,151394,619
402,171393,444
387,242395,398
382,504392,058
388,592390,161
387,583385,284
381,210392,677
389,399394,568
392,494393,530
392,964393,439
388,021387,359
387,849387,634
388,082388,258
384,325390,213
388,798389,187
388,847392,000
392,959387,995
394,205390,820
394,003394,115
395,558391,926
393,112390,046
396,134390,264
391,559386,826
393,006389,554
390,969387,382
390,435382,305
390,409385,657
391,529385,038
392,909384,551
392,680378,712
388,361376,569
385,495380,402
387,812381,399
383,616376,082
376,074375,153
373,869369,772
369,321373,658
369,339372,403
369,350374,477
372,909367,790
367,165361,521
368,683360,312
368,714370,787
375,629373,577
377,891373,915
377,607375,680
377,651375,847
381,413385,422
383,309387,645
383,101387,387
382,628391,175
384,966395,937
387,849399,066
388,613400,046
389,175404,876
391,011404,068
390,871401,421
389,216405,490
391,342403,914
391,816407,043
391,867407,747
390,150405,765
389,978405,702
392,336409,736
392,511410,870
392,535409,363
390,870412,647
392,824418,383
395,974417,105
395,334420,549
397,625421,506
396,352420,864
399,072423,219
399,493426,560
395,438421,431
395,506421,133
395,532418,326
393,366422,618
395,290423,454
395,500425,116
395,393427,941
396,021427,867
394,333430,227
397,261431,299
397,105432,474
397,738433,058
396,034430,021
396,801431,649
396,851420,509
388,914421,460
389,759420,222
387,547413,598
381,877420,623
386,606422,898
386,646430,359
389,291427,792
389,310422,451
386,486426,847
385,524425,500
385,453419,323
382,990419,128
379,957419,735
381,287416,698
381,458423,563
382,950426,864
383,348426,285
383,399425,723
385,899429,442
386,039427,402
385,525426,079
387,012429,689
387,557431,540
387,606428,233
386,309429,758
387,735431,459
388,403429,121
386,127424,875
385,695424,188
385,569427,723
388,754427,230
385,933421,953
387,184422,383
385,606422,474
384,656423,483
383,418416,967
383,346423,958
386,500427,013
387,000433,093
388,642440,903
391,228440,021
393,600439,316
394,024442,003
396,389441,871
397,588440,462
397,718441,562
398,480444,645
398,257443,762
398,277441,665
398,698438,685
396,569439,602
399,152435,912
398,802437,694
400,993436,410
401,072437,803
400,953437,900
401,269440,771
402,667439,768
398,680438,456
397,104435,442
399,140437,373
402,883441,952
403,244440,250
401,237437,832
398,790435,797
399,472433,184
397,525436,880
398,108434,932
395,677432,932
398,881431,024
399,191435,912
399,732436,473
401,824443,241
401,897443,172
402,036439,980
399,422439,619
399,385442,009
400,097438,720
394,243437,912
394,619437,012

Hypothetical backtested results, not an actual trading record. Past performance does not guarantee future results, and future losses may exceed the drawdowns shown.

ITIZAN (SPY)

The figures in context

This portfolio, SPY and a reference at the same volatility.

Hypothetical backtest · SPY total return · USD

Scroll across to compare
The figures in context
MeasureITIZANSPYSPY at this portfolio’s volatility
Return a year12.6%13.6%7.9%
Volatility8.4%17.6%8.4%
Largest fall−11.6%−33.7%−17.2%

SPY is a U.S. equity reference on a total-return basis. Its composition and risk differ from those of each portfolio. A year is 252 trading sessions. A dash means the figure was not supplied.

Full return and risk breakdownRecovery, market behaviour and the two research periods

Returns

Returns
MeasureITIZANSPY
3 years, a year19.9%22.3%
5 years, a year13.3%13.2%
2026 to date6.4%12.7%
100,000 grew to394,619437,012
Best year31.6%—
Worst year−4.4%—

Risk & recovery

Risk & recovery
MeasureITIZANSPY
Months to recover11.94.6
Longest time below a prior peak (months)15.223.3
Worst 12 months−5.7%−19.7%
12-month windows positive92%87%
36-month windows positive100%—
Positive months70%70%
Worst month−6.2%2026-03—

Relative to SPY & the tails

Relative to SPY & the tails
MeasureITIZANSPY
Beta (monthly)0.461.00
Correlation (monthly)0.781.00
Upside capture58%100%
Downside capture42%100%
Tracking error9.8%—
Daily VaR (99%)−1.5%−3.2%
Daily expected shortfall (99%)−1.9%−4.6%

Two research periods

Two research periods
Annualised returnITIZANSPY
Development period (9.8 years)11.8%12.9%
Out-of-sample period (1.7 years, read once)18.9%19.2%

Beta, correlation, captures and tracking error use monthly returns against SPY. Captures compare compounded, annualised returns in months when SPY rose or fell. The volatility-matched reference is the 3-month T-bill plus SPY’s excess return scaled by the ratio of the two volatilities, with no borrowing cost or fund fee. VaR and expected shortfall use historical daily returns.

Months to recover: from the trough of the largest fall to the first new high, in calendar months. The longest time below a prior peak is the longest run from a high to the next new high. The reserved period, at the end of the window, was read once and never re-run; 1.7 years is too short to prove or disprove anything on its own. The dates are on the Methodology page and in the public record.

ITIZAN

Risk scale

Based on historical volatility bands across the backtest window. This is a volatility measure, not a limit on possible losses.

4 / 7

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
Lower volatilityHigher volatility

Monthly returns

Returns in %. The first and last months are partial months of the window; the year’s total is the published yearly figure.

Scroll across to compare
Monthly returns · ITIZAN
YearJanFebMarAprMayJunJulAugSepOctNovDecYear total
2015——−1.50.70.3−2.40.0−2.8−2.15.30.3−0.2−2.6%
2016−1.83.42.11.6−0.62.51.3−0.7−0.2−1.20.32.09.0%
20170.53.20.00.72.9−0.41.30.50.11.82.43.117.3%
20183.6−1.1−2.00.61.2−1.61.61.7−0.3−2.50.0−2.9−1.8%
20191.41.60.32.2−1.24.52.40.40.20.31.11.916.2%
20202.0−2.70.88.51.10.26.74.1−2.7−0.96.35.031.6%
20211.21.02.34.81.4−0.42.91.9−2.94.8−0.11.820.2%
2022−3.01.84.5−3.1−0.9−5.42.1−0.2−3.63.90.7−0.6−4.4%
20234.1−2.02.60.40.82.12.3−1.1−4.40.55.33.715.0%
20240.63.44.6−0.82.62.41.01.03.30.12.7−1.620.9%
20253.1−1.00.30.12.61.92.22.35.02.61.21.724.2%
20268.4−2.3−6.26.41.3−3.60.93.2−1.0———6.4%
Calculation and comparison methodology

Results include assumed trading costs and exclude taxes and financing costs.

The chart shows daily closing observations aligned to the comparison record's dates. Maximum drawdown is calculated from the daily record and may have occurred at different times for each series. SPY is a US equity reference and differs from the portfolio in composition and risk.

The worst annual return figure includes the partial period from March to December 2015.

How is ITIZAN built?

Three complementary strategies, with a liquidity allocation, balance growth opportunities and a defensive approach.

  • Multi-asset defensive strategy

    28%

    A diversified allocation that adapts to market trends.

  • Flexible allocation strategy

    28%

    A mix of growth opportunities and defensive components, with allocation adjusted according to defined rules.

  • Market volatility response strategy

    39%

    Adjusts investment exposure to market volatility, moving to cash-like exposure when defined conditions are met.

  • Liquidity and flexibility

    5%

    A liquidity allocation that adds a defensive element to the portfolio.

The weights refer to strategies; their holdings change according to their rules.

Risks at a glance.

Balancing growth and defensive components does not prevent periods of decline. The portfolio's rules reduce risk exposure as its performance falls, which may also limit participation in a market recovery.

The portfolio may include exposure to digital assets under defined conditions. Historical drawdown levels are not a ceiling on future losses.

Frequently asked questions.

Does the portfolio allocation stay fixed?

The displayed weights refer to strategies. Investments within them change according to defined rules, with risk exposure adjusted based on the portfolio's performance.

Why do we compare the portfolio with SPY?

To show performance alongside a familiar US equity reference and consider return and drawdown together. The portfolio differs from SPY in its composition and risk level.

Choose your portfolio and begin

Create your account, review your membership, then complete verification and broker approval.

Start with ITIZANCompare portfolios

Each portfolio is a standard model with predefined rules, not a portfolio tailored to you. You choose which model to follow; the portfolio subscription does not include a personalized suitability assessment. Review the portfolio risks and service terms before proceeding.