Investment portfolios

Choose your approach to growing your wealth.

Six quantitative portfolios combine research and investment diversification, with different approaches to growth and risk, so you can choose what suits your objectives.

RUSHD

Prioritising lower portfolio volatility while seeking capital growth.

Hypothetical performance
Compound annual growth rate2015–2026
8.9%
Best year
19.9%
Max. drawdown
−7.3%
Worst year
−2.2%

ITIZAN

A balanced mix of growth opportunities and defensive components.

Hypothetical performance
Compound annual growth rate2015–2026
12.6%
Best year
31.6%
Max. drawdown
−11.6%
Worst year
−4.4%

NAMA

A greater weight in growth opportunities, with clear rules for managing market volatility.

Hypothetical performance
Compound annual growth rate2015–2026
14.8%
Best year
36.4%
Max. drawdown
−13.7%
Worst year
−7.0%

TUMOH

An enhanced approach to capital growth, with higher volatility and risk.

Hypothetical performance
Compound annual growth rate2015–2026
22.6%
Best year
76.8%
Max. drawdown
−25.5%
Worst year
−17.0%

AFAQ

A portfolio combining multiple investment strategies to grow capital, with a limited allocation to relative strength to enhance growth opportunities.

Hypothetical performance
Compound annual growth rate2015–2026
24.3%
Best year
54.5%
Max. drawdown
−13.8%
Worst year
−3.2%

WATHBA

A portfolio seeking high capital growth, with a prominent role for relative strength and an acceptance of substantial volatility.

Hypothetical performance
Compound annual growth rate2015–2026
29.9%
Best year
67.7%
Max. drawdown
−16.4%
Worst year
−1.4%

All figures shown are derived from hypothetical historical backtests and do not represent an actual account’s performance. CAGR is not a fixed annual return, and actual results may differ substantially. Investing involves the risk of losing capital. Assumed trading costs are included; taxes and financing costs are excluded. The reserved period spans 1.7 years and was read once.

Compare portfoliosReturns, risk and the SPY reference

Hypothetical backtest · SPY total return · USD

Scroll across to compare

Returns

Returns
PortfolioReturn a year3 years, a year5 years, a year2026 to date100,000 grew toBest yearWorst year
RUSHD8.9%15.2%10.8%5.8%268,18319.9%−2.2%
ITIZAN12.6%19.9%13.3%6.4%394,61931.6%−4.4%
NAMA14.8%22.6%14.3%5.6%493,02736.4%−7.0%
TUMOH22.6%29.8%18.9%9.8%1,058,55776.8%−17.0%
AFAQ24.3%35.8%28.8%14.6%1,239,89254.5%−3.2%
WATHBA29.9%42.3%36.0%17.9%2,059,10767.7%−1.4%
SPY (Reference)13.6%22.3%13.2%12.7%437,012——

Risk & recovery

Risk & recovery
PortfolioVolatilityLargest fallMonths to recoverLongest time below a prior peak (months)Worst 12 months12-month windows positive36-month windows positivePositive monthsWorst month
RUSHD5.9%−7.3%10.913.8−3.8%95%100%69%−4.3%2026-06
ITIZAN8.4%−11.6%11.915.2−5.7%92%100%70%−6.2%2026-03
NAMA9.5%−13.7%9.515.4−8.3%91%100%69%−8.3%2026-03
TUMOH19.9%−25.5%12.018.4−18.7%89%100%65%−15.5%2026-03
AFAQ11.4%−13.8%2.49.6−5.8%98%100%72%−8.2%2026-03
WATHBA12.9%−16.4%2.79.6−6.6%98%100%73%−8.2%2026-03
SPY (Reference)17.6%−33.7%4.623.3−19.7%87%—70%—

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.

Relative to SPY & the tails

Relative to SPY & the tails
PortfolioBeta (monthly)Correlation (monthly)Upside captureDownside captureTracking errorDaily VaR (99%)Daily expected shortfall (99%)SPY at portfolio volatility (Return a year)SPY at portfolio volatility (Largest fall)
RUSHD0.280.7038%26%11.6%−1.1%−1.4%6.2%−12.2%
ITIZAN0.460.7858%42%9.8%−1.5%−1.9%7.9%−17.2%
NAMA0.530.7867%44%9.5%−1.7%−2.2%8.6%−19.3%
TUMOH1.200.86146%109%10.9%−3.9%−4.8%15.0%−37.5%
AFAQ0.660.80101%44%9.0%−1.9%−2.5%9.8%−22.8%
WATHBA0.730.78120%42%9.7%−2.3%−2.9%10.8%−25.7%
SPY (Reference)1.001.00100%100%—−3.2%−4.6%13.6%−33.7%

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.

Two research periods

Two research periods
PortfolioDevelopment period (9.8 years)SPYOut-of-sample period (1.7 years, read once)SPY
RUSHD7.9%12.9%15.5%19.2%
ITIZAN11.8%12.9%18.9%19.2%
NAMA14.0%12.9%20.6%19.2%
TUMOH22.6%12.9%25.4%19.2%
AFAQ23.7%12.9%30.1%19.2%
WATHBA29.6%12.9%33.9%19.2%

Annualised return. 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.

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.

Portfolio test results1,000 randomized copies and the Holm adjustment

All 1,000 re-shuffled copies per portfolio have been scored. All six portfolios ranked first; no copy matched or exceeded its portfolio. The p-value is 0.001, the floor at this number of copies, and 0.006 after Holm adjustment across the six, below the 0.05 threshold.

Excess Sharpe (portfolio versus best copy)
PortfolioOriginal portfolioBest copy
RUSHD1.061.00
ITIZAN1.171.05
NAMA1.251.06
TUMOH1.030.92
AFAQ1.761.11
WATHBA1.911.18

RUSHD has the narrowest margin over its best copy. These are hypothetical historical test results, not a guarantee of future performance.

How these figures were testedCosts, research periods and operational testing
Costs
Assumed trading costs are included: 2 basis points a side on funds and 10 basis points a side on the Bitcoin leg, the middle of three cost levels tested. Taxes and financing costs are excluded.
Execution timing & early history
Positions are decided at 16:05 New York, five minutes after the close, and every leg trades at the next session's open; a delay of two, three and five sessions was tested as a stress. The Bitcoin leg is tested on the spot price of Bitcoin (Coinbase) over the whole window, because a Bitcoin fund has existed only since January 2024; the live portfolio holds the fund IBIT.
Reserved evaluation
A reserved evaluation period of 1.7 years at the end of the window, dates the rules had not seen, was read once and never re-run; the development period before it is 9.8 years. The exact dates are on the Methodology page and in the public record.
Variations tested
Every configuration that could have been adopted in place of the frozen one counts as a trial: 168 effective independent trials after correlation. Each portfolio is ranked against 1,000 re-shuffled copies of its own returns; every portfolio ranks first of its thousand.
Operational test
21 consecutive trading sessions on a paper account in which the machine does what the rules say. In each session the list is decided after the close, sent to the execution service on time, accepted, filled at the next open, and the account’s holdings match the list within the allowed rounding. A session that misses any of these restarts the count; a fault outside the portfolio, such as the exchange closed or a data vendor or the platform down, does not count against it.
Independent review
Independent review: none yet.

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Portfolio design begins with the role of each part.

Our portfolios combine multi-asset defense, flexible allocation and a response to market volatility, with the Relative Strength Strategy in AFAQ and WATHBA. Their weights and implementation differ to give each portfolio a distinct approach to growth and risk.

A group discussing reports and charts spread across a table

Each strategy has a role

The strategies use different rules to select and adjust investments, then work together within one portfolio.

Weights make the difference

The weight given to each strategy shapes the portfolio's approach, from prioritising defensive components to broader participation in growth opportunities.

Risk is managed at portfolio level

Alongside each strategy's rules, the portfolio responds to declines in its value by gradually reducing risk exposure at defined levels.

Choose your portfolio and begin

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

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.