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Systematic Equity Portfolio

The All-Weather Equities Solution

An all-weather systematic equity portfolio designed to deliver strong returns with lower drawdowns, accessible to institutional and individual investors through your existing broker.

1. Performance

Cumulative equity growth vs. SPY (S&P 500) and a classic 60/40 portfolio.

24.5%

CAGR (NAV)

1.98

Sharpe Ratio

-6.4%

Max Drawdown

11.5%

Ann. Volatility

68.8%

% Positive Months

Net of fees. Updated: 2026-06-30

Drawdowns

Summary Statistics

Strategy	CAGR	Sharpe	Sortino	Max DD	Vol	Calmar	Best Month	Worst Month
Robuxio EQ (NAV)	24.5%	1.98	3.41	-6.4%	11.5%	3.81	+8.6%	-3.1%
S&P 500 (SPY)	13.5%	0.83	1.20	-24.5%	17.1%	0.55	+10.5%	-9.2%
60/40 Portfolio	8.3%	0.78	1.13	-20.5%	11.0%	0.40	+7.3%	-7.2%

2. Calendar Returns

Annual returns are broken down by year and series. The monthly heatmap provides a visual overview of the distribution of positive and negative months throughout the full history.

Annual Returns · USD

Year	Robuxio EQ	S&P 500	60/40
2026YTD	+8.2%	+10.1%	+6.2%
2025	+26.1%	+17.7%	+13.9%
2024	+38.1%	+24.9%	+15.1%
2023	+18.6%	+26.2%	+17.8%
2022	+22.3%	-18.2%	-15.6%
2021	+25.1%	+28.7%	+15.8%

Monthly Return Heatmap — Robuxio Equities (NAV) · USD

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+2.4%	+4.8%	-0.5%	+2.2%	+1.2%	-2.1%	—	—	—	—	—	—
2025	+3.7%	-0.4%	+1.3%	+8.1%	+2.8%	+1.4%	+4.1%	+1.0%	+1.8%	+0.1%	-0.1%	-0.1%
2024	+3.4%	+5.5%	+2.0%	-2.6%	+3.8%	+1.7%	+4.2%	+8.0%	-0.5%	-0.3%	+7.6%	+0.5%
2023	+2.5%	-1.2%	+3.7%	-0.8%	+2.5%	+2.6%	+3.5%	+0.2%	-1.7%	-1.2%	+6.5%	+1.1%
2022	+0.9%	+5.5%	+4.8%	+1.1%	+8.6%	-0.9%	+1.2%	-0.8%	-2.5%	+6.7%	-1.9%	-1.7%
2021	+1.8%	+2.2%	+3.0%	+3.8%	+2.4%	-0.4%	+2.7%	+2.2%	-3.1%	+6.9%	+0.5%	+0.8%

Reports

Read the full performance reports

Quarterly and monthly reports with NAV returns, drawdowns, volatility, and rolling correlation vs the S&P 500.

View all reportsView

3. Investment Rationale

Why Robuxio Equities was built, and why the structural market inefficiencies it targets are durable.

The Long-Only Problem

Traditional long-only equity portfolios are fully exposed to market beta. In bear markets, diversification across sectors or factors provides little protection, as assets tend to become highly correlated in panics. This leads to large, prolonged drawdowns that destroy compounding.

Market-Neutral Underperformance

Pure market-neutral strategies avoid beta entirely but sacrifice meaningful equity participation in bull markets. This often produces risk-adjusted returns below long-term equity benchmarks.

Calibrated Beta + Alpha

Six sleeves operate on orthogonal return drivers: mean reversion, momentum, trend following, tactical allocation, and crisis hedging. Systematic beta calibration captures equity upside while limiting drawdowns.

Capital Efficiency

Substantially higher return-per-unit-of-drawdown (Calmar) and return-per-unit-of-volatility (Sharpe) than passive equity. More upside for each unit of risk.

Capital Efficiency — Three Return Streams, One Allocation

Traditional Approach

Passive equity index — captures equity risk premium
Market-neutral / alpha fund — diversified returns
Tail-hedge overlay — drawdown protection

Three allocations. Three fee layers. Three capital commitments.

Robuxio Equities

Structural long equity bias provides the beta
Short-term alpha strategies run alongside it
Crisis hedging activates within the same risk budget

One capital base. One fee layer. One allocation decision.

4. Portfolio Construction

Six independently operated systematic strategies assembled under a common risk framework. Each sleeve targets a distinct return driver.

Sleeve	Alpha Source	Holding	Role in Portfolio
Equity Mean Reversion	Short-term price reversals in liquid equities	1–5 days	Core return engine, uncorrelated with trend
Signals: 5 signal families · ~30 strategies · 1–5 days Holding Time: 1–5 days Universe: US index ETFs, bond ETFs, sector ETFs, S&P 500 stocks Buys short-term oversold conditions across equities and bonds, with longer-term trend filters designed to avoid adverse trend exposure. Markets regularly overshoot during sentiment-driven or forced-selling episodes, this sleeve systematically identifies those dislocations and seeks to capture the subsequent mean reversion.
Equity Momentum	Intermediate cross-sectional momentum	1–3 months	Participates in sustained equity rallies
Tactical Allocation	Dynamic sector and factor rotation	1–4 weeks	Adapts beta exposure to regime signals
Real Assets Trend	Trend following in commodities and inflation assets	1–3 months	Inflation and commodity diversification
Short-Term Tactical	Fast intraday and overnight signals	Hours to 1 day	Diversifies away from multi-day risk, boosts Sharpe
Crisis Hedging	Tail risk and convex payoff structures	Dynamic	Left-tail protection, activates in stress periods

Cumulative PnL by Sleeve

Balanced Sleeve Allocation

Sleeve weights are calibrated so that each component contributes meaningfully across all market regimes. No single strategy is allowed to dominate, as the allocation reflects long-term robustness rather than recent results.

5. Strategy Development & Validation

Every strategy must pass the same three-stage selection process before entering the portfolio, with live performance used to validate backtested results.

Logic-First Design

Every strategy begins with a clear hypothesis, a reason why the pattern exists and why it should persist. No data mining without an underlying rationale.

Out-of-Sample Testing

Performance confirmed on unseen holdout periods. Walk-forward analysis across rolling windows. Strategies that fail out-of-sample are discarded.

Live Track Record

The majority of signal families have been traded live for at least a year. Live experience informs execution quality, liquidity behavior, and real-world dynamics.

6. Market Regime Analysis

Portfolio behaviour across distinct market regimes, including crashes, rallies, and prolonged bear markets.

The portfolio is designed for uncertain environments, where broad diversification across strategies, instruments, and return drivers is intended to provide resilience. Rather than relying on a single market regime, it is built to adapt to changing conditions and maintain a more balanced return profile when volatility rises, market leadership narrows, or directional conviction is limited.

Crisis hedging activated as markets collapsed. Mean reversion and short-term strategies thrived in extreme volatility. Portfolio recovered rapidly.

Choppy / Range-Bound

Mean reversion and short-term tactical strategies are designed to generate returns in directionless markets, where long-only ETF exposure does not.

Strong Uptrend

Momentum and tactical allocation lead. Crisis hedging stays dormant. The portfolio participates meaningfully in the rally while preserving downside optionality.

Corrections & Drawdowns

Crisis hedging activates. Long volatility, short vulnerable sectors. Mean reversion enters its most productive period as markets overshoot.

Prolonged Bear

Capital preservation mode. Active hedging, reduced long exposure, continued short-term alpha. Drawdowns kept to a fraction of the broader market's decline.

Regime Transitions

The multi-horizon structure adapts progressively. Short-term strategies within days, tactical within weeks, trend within months.

7. Risk Management

The most dangerous risks are the ones the historical data can't show. Risk control is embedded at every level of portfolio construction — built for robustness across regimes, not for the best backtest.

Structural Risk Controls

Maximum per-position size limits across all sleeves
Dynamic portfolio-level beta cap
Crisis Hedging sleeve operates continuously
Daily P&L monitoring with automated alerts

Realistic Expectations

Does not guarantee outperformance every year
SPY may outperform in strong directional bull markets
Value proposition is the full cycle: 3+ years
Regime shifts may cause temporary underperformance

8. ETI — The Investment Vehicle

The portfolio is available in a regulated, exchange-traded format listed on the Stuttgart Stock Exchange (EUWAX), providing ETF-like access to the strategy through a listed security issued under an FMA-approved base prospectus.

Product Overview·Robuxio Systematic Equities ETI

ISINDE000AMC0DZ1

ExchangeBörse Stuttgart (EUWAX)

RegulatorFMA Liechtenstein

IssueriMaps ETI AG

Note TrusteeNoteholder Services PTC (Intertrust Group)

SettlementClearstream, Euroclear, SIX

Execution & custodyInteractive Brokers (direct market access)

AutomationFully automated, real-time risk monitoring

WKNAMC0DZ

ProspectusEU Prospectus Regulation, passported into EU/EEA

UCITS eligibleYes, qualifying structured note

Asset segregationSegregated Portfolio, ring-fenced from issuer

Mgmt. fee2% p.a., accrued and settled quarterly

Performance fee20% on new net profits, high-water mark

Bid-ask spread~2%, quoted by market maker

Performance (NAV)Net of all fees, as shown on this page

View live listing on Börse Stuttgart

How it's structured

See the full ETI structure, issuer to settlement

A full structural map of the vehicle: iMaps ETI AG as issuer, ring-fenced assets, IBKR custody, the EUWAX listing, and settlement.

View the structure

9. How to Invest

Investing in the Robuxio Equities ETI is as simple as buying a stock or ETF through your existing brokerage account.

Open a brokerage account

Use any broker that provides access to the Stuttgart Stock Exchange (EUWAX). Interactive Brokers, or any bank or broker with exchange connectivity.

Search by ISIN

Look up the ETI using its ISIN DE000AMC0DZ1 (WKN: AMC0DZ). On some platforms the ISIN only appears in a specific search tab — our step-by-step guide shows exactly where.

Place a limit buy order

Submit a limit order at the ask shown on the Börse Stuttgart listing, during trading hours (09:00–17:30 CET). Limit orders execute at the quoted price; larger orders may take a few minutes while the market maker replenishes units.

Settlement & custody

Your position settles like any listed security and appears in your existing depot. No separate onboarding with iMaps or Robuxio required.

Exit anytime

Simply sell on the exchange. Daily liquidity is provided by the EUWAX market maker. Fully transferable between custodians.

Step-by-step guide

How to buy the ETI on Interactive Brokers

Trading permissions, EUR funding, and placing your first order — with screenshots of every click.

Open the guide

Launch Call replay

Watch the full Equities Launch Call

The strategy, all six sleeves, risk management, and how to get access — recorded live on July 16.

Watch the replay

Supported Brokers

Interactive Brokers — global access, low commissions
UBS, Deutsche Bank — full-service private banking
Any bank or broker with Stuttgart connectivity

Key Details

ISIN: DE000AMC0DZ1
WKN: AMC0DZ
Minimum: 1 unit (~€1,000)
Eligibility: Retail and professional investors (jurisdiction dependent)
Trading hours: 09:00–17:30 CET
NAV: Published daily
OTC: Available for larger allocations
KID: Available for full risk disclosure

Keep exploring

Want to dig deeper?

Pick a starting point. The playbook walks through the strategy, the reports show what the live portfolio is doing, and the data is downloadable for your own analysis.

7 parts

The Equities Playbook

The systematic equities framework in seven readable parts.

Read the playbook Monthly & quarterly

Performance reports

Live portfolio reporting with S&P 500 comparisons.

View reports Downloads

Portfolio data

Factsheets and daily returns — CSV, PDF, or JSON.

Open data

Or, if you've seen enough, book a call with the team.

For informational purposes only. This is not investment advice or an offer to invest. Past performance is not indicative of future results. All investments involve risk, including possible loss of capital. Full product documentation and risk disclosures will be provided prior to launch.