The Algorithmic Edge,
Now in Equities

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.

25.6%
CAGR (NAV)
2.05
Sharpe Ratio
-6.4%
Max Drawdown
11.4%
Ann. Volatility
67.7%
% Positive Months

Net of fees. Updated: 2026-04-01

Drawdowns

Summary Statistics

StrategyCAGRSharpeSortinoMax DDVolCalmarBest MonthWorst Month
Robuxio EQ (NAV)25.6%2.053.57-6.4%11.4%3.97+8.6%-3.1%
S&P 500 (SPY)12.5%0.771.12-24.5%17.0%0.51+9.2%-9.2%
60/40 Portfolio7.8%0.741.07-20.5%11.0%0.38+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

YearRobuxio EQS&P 50060/40
2026YTD+6.5%-3.7%-2.3%
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)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+2.4%+4.8%-0.5%-0.2%
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%

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.

vs
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.

SleeveAlpha SourceHoldingRole in PortfolioDetails
Equity Mean ReversionShort-term price reversals in liquid equities1–5 daysCore 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 MomentumIntermediate cross-sectional momentum1–3 monthsParticipates in sustained equity rallies
Tactical AllocationDynamic sector and factor rotation1–4 weeksAdapts beta exposure to regime signals
Real Assets TrendTrend following in commodities and inflation assets1–3 monthsInflation and commodity diversification
Short-Term TacticalFast intraday and overnight signalsHours to 1 dayDiversifies away from multi-day risk, boosts Sharpe
Crisis HedgingTail risk and convex payoff structuresDynamicLeft-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

Risk control is embedded at every level of portfolio construction — not applied as a post-hoc filter.

Structural Risk Controls

  • Maximum per-position size limits across all sleeves
  • Sleeve drawdown circuit breakers to limit loss
  • 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
ExchangeBörse Stuttgart (EUWAX)
RegulatorFMA Liechtenstein
IssueriMaps ETI AG
Custodian / TrusteeIntertrust Group
SettlementClearstream, Euroclear, SIX
ExecutionInteractive Brokers (direct market access)
AutomationFully automated, real-time risk monitoring
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
Max bid-ask spread1%
Performance (NAV)Net of all fees, as shown on this page

9. How to Invest

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

1

Open a brokerage account

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

2

Search by ISIN

Look up the ETI using its ISIN — the same way you would find any stock or ETF in your broker's platform.

3

Place a buy order

Submit a buy order during trading hours (09:00–17:30 CET). Limit or market orders are both supported.

4

Settlement & custody

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

5

Exit anytime

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

Supported Brokers

  • Interactive Brokers — global access, low commissions
  • Swissquote — Swiss-regulated, multi-currency
  • UBS, Deutsche Bank — full-service private banking
  • Any bank or broker with Stuttgart connectivity

Key Details

  • Minimum: 1 unit (~€1,000)
  • Eligibility: Globally accessible — qualified and retail investors (jurisdiction dependent)
  • Trading hours: 09:00–17:30 CET
  • NAV: Published daily
  • OTC: Available for larger allocations
  • KID: Available for full risk disclosure

Ready to get your systematic equities edge?

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.