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Monthly Report: May 2026
Net Asset Value - USD denomination
All statistics are calculated using Robuxio Equities (Robuxio EQ).
Benchmark: S&P 500 (SPY) and 60/40 balanced portfolio.
1. Performance in May 2026
Robuxio Equities returned +1.2% in May 2026, compared to +5.3% for the S&P 500 and +3.3% for the 60/40 benchmark. NAV value. After fees.
2. Performance YTD
Year to date, Robuxio Equities returned +10.5%, compared to +11.2% for the S&P 500 and +6.7% for the 60/40 benchmark. NAV value. After fees.
3. Volatility
Annualized volatility in May: Robuxio EQ 8.7%, S&P 500 9.8%, 60/40 7.6%.
How We Calculate Rolling Volatility
For each day t, we take the previous 30 daily returns:
ri = (Balancei - Balancei-1) / Balancei-1
Daily Vol = StdDev(r1, r2, ..., r30)
Annualized Vol = Daily Vol × √252
Standard deviation is calculated using the population formula (dividing by N, not N-1). Annualization uses √252 to account for 252 trading days in traditional financial markets.
4. Rolling Correlation
30-day rolling correlation between Robuxio EQ and benchmarks.
Average YTD correlation: Robuxio EQ vs S&P 500 +0.69.
5. The Numbers
Key metrics across Robuxio EQ and benchmarks - Net Asset Value, USD denomination.
May 2026
| Strategy | Return | Max Drawdown | Volatility (ann.) |
|---|---|---|---|
| Robuxio Equities | +1.2% | -2.6% | 8.7% |
| S&P 500 | +5.3% | -1.9% | 9.8% |
| 60/40 Portfolio | +3.3% | -1.6% | 7.6% |
January 2018 to May 2026
| Strategy | Total Return | CAGR | Max Drawdown | Volatility (ann.) | Sharpe |
|---|---|---|---|---|---|
| Robuxio Equities | +835% | 30.5% | -8.2% | 12.5% | 2.20 |
| S&P 500 | +220% | 14.8% | -33.7% | 19.2% | 0.82 |
| 60/40 Portfolio | +120% | 9.9% | -21.7% | 12.1% | 0.84 |
NAV value. After fees.
6. May 2026 Monthly Review
May was a powerful month for equities. The S&P 500 returned +5.3%, part of one of the strongest spring rallies in recent memory, as markets extended a multi-week win streak and recovered the earlier-year selloff. Robuxio Equities returned +1.2% net, participating in the upside at materially lower risk: May annualized volatility of 8.7% versus 9.8% for the S&P 500, with the intra-month drawdown held to −2.6%. The 60/40 benchmark returned +3.3%.
By design, a systematic multi-sleeve portfolio can trail a sharp broad-beta rally like May's. The goal is to capture a meaningful share of the upside while keeping allocations reasonable given the risk of a sudden short-term correction in an overbought market. That trade-off is exactly what shows up in the year-to-date picture below.
Year-to-Date Performance
The YTD picture highlights the core strength of the portfolio's defensive, multi-strategy design:
| Metric | Portfolio | S&P 500 | 60/40 |
|---|---|---|---|
| Return (net) | +10.5% | +11.2% | +6.7% |
| Annualized volatility | 9.6% | 13.4% | 8.9% |
| Sharpe ratio (ann.) | 2.6 | 2.0 | 1.9 |
| Max drawdown | −3.2% | −8.9% | −5.9% |
Year-to-date, Robuxio Equities returned +10.5% with its deepest drawdown held to −3.2%, versus +11.2% and −8.9% for the S&P 500. The portfolio achieved this at a higher risk-adjusted return, a Sharpe of 2.6 versus 2.0 for the S&P 500, and at lower volatility (9.6% vs 13.4%). That combination, competitive returns with materially smaller drawdowns, is the core of the strategy's defensive design.
Average year-to-date correlation to the S&P 500 was +0.69, the low directional dependence that lets the portfolio diversify, rather than duplicate, a long-only equity allocation.
For further information, please refer to the following resources:
Pavel Kycek
CEO & Co-Founder, Robuxio
Performance data prior to 2026 is based on backtested results and does not represent actual trading. Backtested performance is hypothetical and has inherent limitations. Past performance does not guarantee future results.
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.