← Back to Reports
Monthly Report: October 2026
Net Asset Value - USD / EUR denomination
All statistics are calculated using Robuxio Equities (Robuxio EQ).
Benchmark: S&P 500 (SPY) and 60/40 balanced portfolio.
Portfolio base currency: USD.
1. Performance in October 2026
Robuxio Equities returned -5.1% in October 2026, compared to -0.9% for the S&P 500 and +0.4% for the 60/40 benchmark. NAV value. After fees. USD denomination.
2. Performance YTD
Year to date, Robuxio Equities returned -0.5%, compared to +11.7% for the S&P 500 and +6.7% for the 60/40 benchmark. NAV value. After fees. USD denomination.
3. Performance - 3 Years
Over the trailing three years, Robuxio Equities returned +84.2%, compared to +83.3% for the S&P 500 and +53.5% for the 60/40 benchmark. NAV value. After fees. USD denomination.
4. Volatility
Annualized volatility in October: Robuxio EQ 18.1%, S&P 500 11.4%, 60/40 6.4%.
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.
5. Rolling Correlation
30-day rolling correlation between Robuxio EQ and benchmarks.
Average YTD correlation: Robuxio EQ vs S&P 500 +0.63.
6. The Numbers
Key metrics across Robuxio EQ and benchmarks - Net Asset Value, USD denomination.
October 2026
| Strategy | Return | Max Drawdown | Volatility (ann.) |
|---|---|---|---|
| Robuxio Equities | -5.1% | -8.1% | 18.1% |
| S&P 500 | -0.9% | -3.0% | 11.4% |
| 60/40 Portfolio | +0.4% | -1.1% | 6.4% |
January 2018 to October 2026
| Strategy | Total Return | CAGR | Max Drawdown | Volatility (ann.) | Sharpe |
|---|---|---|---|---|---|
| Robuxio Equities | +741% | 27.3% | -11.5% | 12.5% | 2.00 |
| S&P 500 | +221% | 14.1% | -33.7% | 18.9% | 0.79 |
| 60/40 Portfolio | +120% | 9.4% | -21.7% | 11.9% | 0.81 |
NAV value. After fees. USD denomination.
7. October 2026 Monthly Review
October was a difficult month for Robuxio Equities, with the portfolio returning -5.1% net. The S&P 500 returned -0.9%, while the Nasdaq-100 fell -6.7% and the 60/40 benchmark gained +0.4%.
Behind the relatively flat S&P 500 was a sharp rotation. Technology and semiconductor stocks sold off heavily, while sectors such as energy, utilities, health care and consumer staples performed strongly.
The portfolio was up around 2.5% after the first week. Most of the monthly loss then came from just three days in the second half of October.
The main pressure came from two sleeves:
Equity mean reversion lost about -2.7%. The strategy continued buying short-term weakness in stocks that were still in longer-term uptrends. In October, many of those stocks were concentrated in semiconductors and technology, and the weakness persisted much longer than usual.
Equity momentum lost about -2.3%. After a strong September, the portfolio still held many of the market’s previous leaders just as they began to reverse.
This created an unusual overlap between two strategies that normally behave much more independently.
Other parts of the portfolio helped offset some of the weakness. Tactical allocation gained about +0.6%, helped by exposure to energy, while real assets trend and short-term tactical were roughly flat.
October was therefore a difficult but understandable regime for the portfolio: a concentrated selloff in previous market leaders while the broader index remained relatively stable.
Importantly, this type of period is not new. Similar weak periods for the dip-buying signals appeared in the historical simulation in May 2019, February 2020 and June 2022. Over the same history, the strategy was positive in roughly two-thirds of all months and in every full year except 2018.
The longer-term picture remains strong.
Over the trailing three years, the portfolio returned +84.2%, compared with +83.3% for the S&P 500 and +53.5% for a 60/40 portfolio.
One difficult month does not change the underlying approach. The portfolio remains diversified across multiple independent sleeves, each designed to perform in different market environments.
For further information, please refer to the resources below.
Pavel Kycek
CEO & Co-Founder, Robuxio
Price disclaimer
The price shown in Robuxio materials may differ from the price quoted on Börse Stuttgart. This is because the tradable ETI price is affected by the product's bid-ask spread.
For the current executable bid and ask prices of the ETI, please refer to Börse Stuttgart.
Performance data prior to September 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.