Portfolio Analysis Report — 30-08-2026 19:35

1 Week

Window: 2026-08-23 → 2026-08-30 (7 rows)

⚠ This window has only 7 rows. Covariance estimates are noisy — treat allocation weights as directional signals, not precise recommendations.

Claude Narrative Report

- Over 1 Week, the strongest asset was SOL (10.14%), while the weakest was TSLA (-2.22%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 4.18%.
- That defensive allocation was: SPX 66.9%, GOOGL 25.5%, ETH 7.6%.
- The highest-return tested portfolio was MaxSharpe, returning 5.48%.
- The best single asset was SOL, returning 10.14%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 61.016.
- The lowest-drawdown tested portfolio was MinVar, with max drawdown of -0.20%.
- Single-asset dominance ratio: 1.85x versus the best tested portfolio.
- Interpretation: one asset is driving a large part of returns, so portfolio-level outperformance may be fragile.

Assets priced in BTC — 1 Week (normalised to 1.0 at each asset's first real data date · smoothed · 7 rows)

Assets priced in GOLD — 1 Week (normalised to 1.0 at each asset's first real data date · smoothed · 7 rows)

Assets priced in SPX — 1 Week (normalised to 1.0 at each asset's first real data date · smoothed · 7 rows)

Allocation Model Guide

Equal: splits capital evenly across all selected assets. This is the neutral benchmark.

MinVar: the unconstrained minimum-variance portfolio. It seeks the lowest historical variance and is allowed to put 100% into one asset if that appears safest.

MinVar-C50: also a minimum-variance portfolio, but no asset may exceed 50%. This forces more diversification and is usually more practical.

MaxSharpe: the offensive portfolio. Maximises return per unit of risk (Sharpe ratio), capped at 50% per asset. Where MinVar and MinVar-C50 ask "how do I lose least?", MaxSharpe asks "how do I earn most efficiently?"

How to read this: when MaxSharpe and MinVar-C50 agree on weights, the signal is strong — the market is rewarding diversification. When they diverge sharply, the market is in a momentum-driven regime favouring concentration.

Exact allocations for this timeframe

Asset Total Returns

Correlation Matrix

Tested Portfolio Comparison

Single-Asset Comparison

This table answers the question: "What if I held 100% of just one asset?"

Deterministic Summary

• Best low-risk tested portfolio: MinVar — SPX 66.9%, GOOGL 25.5%, ETH 7.6%
• Highest-return tested portfolio: MaxSharpe — SPX 50.0%, SOL 50.0%
• Best risk-adjusted tested portfolio: MaxSharpe — SPX 50.0%, SOL 50.0%
• Lowest-drawdown tested portfolio: MinVar — SPX 66.9%, GOOGL 25.5%, ETH 7.6%
• Highest-return single asset: SOL — 10.14%
• Single-asset dominance ratio: 1.852x

1 Month

Window: 2026-07-31 → 2026-08-30 (30 rows)

Claude Narrative Report

- Over 1 Month, the strongest asset was HYPE (58.53%), while the weakest was GOOGL (-4.35%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 9.97%.
- That defensive allocation was: SPX 86.4%, GOLD 11.1%, BTC 2.5%.
- The highest-return tested portfolio was Equal, returning 22.60%.
- The best single asset was HYPE, returning 58.53%.
- The best risk-adjusted tested portfolio was Equal, with a Sharpe-like score of 37.868.
- The lowest-drawdown tested portfolio was MinVar-C50, with max drawdown of -0.95%.
- Single-asset dominance ratio: 2.59x versus the best tested portfolio.
- Interpretation: one asset is driving a large part of returns, so portfolio-level outperformance may be fragile.

Assets priced in BTC — 1 Month (normalised to 1.0 at each asset's first real data date · smoothed · 30 rows)

Assets priced in GOLD — 1 Month (normalised to 1.0 at each asset's first real data date · smoothed · 30 rows)

Assets priced in SPX — 1 Month (normalised to 1.0 at each asset's first real data date · smoothed · 30 rows)

Allocation Model Guide

Equal: splits capital evenly across all selected assets. This is the neutral benchmark.

MinVar: the unconstrained minimum-variance portfolio. It seeks the lowest historical variance and is allowed to put 100% into one asset if that appears safest.

MinVar-C50: also a minimum-variance portfolio, but no asset may exceed 50%. This forces more diversification and is usually more practical.

MaxSharpe: the offensive portfolio. Maximises return per unit of risk (Sharpe ratio), capped at 50% per asset. Where MinVar and MinVar-C50 ask "how do I lose least?", MaxSharpe asks "how do I earn most efficiently?"

How to read this: when MaxSharpe and MinVar-C50 agree on weights, the signal is strong — the market is rewarding diversification. When they diverge sharply, the market is in a momentum-driven regime favouring concentration.

Exact allocations for this timeframe

Asset Total Returns

Correlation Matrix

Tested Portfolio Comparison

Single-Asset Comparison

This table answers the question: "What if I held 100% of just one asset?"

Deterministic Summary

• Best low-risk tested portfolio: MinVar — SPX 86.4%, GOLD 11.1%, BTC 2.5%
• Highest-return tested portfolio: Equal — BTC 11.1%, ETH 11.1%, SOL 11.1%, HYPE 11.1%, GOLD 11.1%, SPX 11.1%, TSLA 11.1%, GOOGL 11.1%
• Best risk-adjusted tested portfolio: Equal — BTC 11.1%, ETH 11.1%, SOL 11.1%, HYPE 11.1%, GOLD 11.1%, SPX 11.1%, TSLA 11.1%, GOOGL 11.1%
• Lowest-drawdown tested portfolio: MinVar-C50 — SPX 50.0%, GOLD 33.9%, GOOGL 16.1%
• Highest-return single asset: HYPE — 58.53%
• Single-asset dominance ratio: 2.590x

3 Months

Window: 2026-05-31 → 2026-08-30 (91 rows)

Claude Narrative Report

- Over 3 Months, the strongest asset was SOL (27.73%), while the weakest was TSLA (-18.58%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 13.31%.
- That defensive allocation was: SPX 90.5%, GOLD 9.5%.
- The highest-return tested portfolio was MaxSharpe, returning 18.40%.
- The best single asset was SOL, returning 27.73%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 2.963.
- The lowest-drawdown tested portfolio was MinVar, with max drawdown of -4.89%.
- Single-asset dominance ratio: 1.51x versus the best tested portfolio.
- Interpretation: one asset is driving a large part of returns, so portfolio-level outperformance may be fragile.

Assets priced in BTC — 3 Months (normalised to 1.0 at each asset's first real data date · smoothed · 91 rows)

Assets priced in GOLD — 3 Months (normalised to 1.0 at each asset's first real data date · smoothed · 91 rows)

Assets priced in SPX — 3 Months (normalised to 1.0 at each asset's first real data date · smoothed · 91 rows)

Allocation Model Guide

Equal: splits capital evenly across all selected assets. This is the neutral benchmark.

MinVar: the unconstrained minimum-variance portfolio. It seeks the lowest historical variance and is allowed to put 100% into one asset if that appears safest.

MinVar-C50: also a minimum-variance portfolio, but no asset may exceed 50%. This forces more diversification and is usually more practical.

MaxSharpe: the offensive portfolio. Maximises return per unit of risk (Sharpe ratio), capped at 50% per asset. Where MinVar and MinVar-C50 ask "how do I lose least?", MaxSharpe asks "how do I earn most efficiently?"

How to read this: when MaxSharpe and MinVar-C50 agree on weights, the signal is strong — the market is rewarding diversification. When they diverge sharply, the market is in a momentum-driven regime favouring concentration.

Exact allocations for this timeframe

Asset Total Returns

Correlation Matrix

Tested Portfolio Comparison

Single-Asset Comparison

This table answers the question: "What if I held 100% of just one asset?"

Deterministic Summary

• Best low-risk tested portfolio: MinVar — SPX 90.5%, GOLD 9.5%
• Highest-return tested portfolio: MaxSharpe — JLP 50.0%, SOL 31.1%, SPX 18.9%
• Best risk-adjusted tested portfolio: MaxSharpe — JLP 50.0%, SOL 31.1%, SPX 18.9%
• Lowest-drawdown tested portfolio: MinVar — SPX 90.5%, GOLD 9.5%
• Highest-return single asset: SOL — 27.73%
• Single-asset dominance ratio: 1.507x

6 Months

Window: 2026-02-28 → 2026-08-30 (183 rows)

Claude Narrative Report

- Over 6 Months, the strongest asset was HYPE (167.36%), while the weakest was GOLD (-13.39%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 13.83%.
- That defensive allocation was: SPX 90.8%, GOLD 7.1%, JLP 2.1%.
- The highest-return tested portfolio was MaxSharpe, returning 63.16%.
- The best single asset was HYPE, returning 167.36%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 5.055.
- The lowest-drawdown tested portfolio was MinVar, with max drawdown of -8.14%.
- Single-asset dominance ratio: 2.65x versus the best tested portfolio.
- Interpretation: one asset is driving a large part of returns, so portfolio-level outperformance may be fragile.

Assets priced in BTC — 6 Months (normalised to 1.0 at each asset's first real data date · smoothed · 183 rows)

Assets priced in GOLD — 6 Months (normalised to 1.0 at each asset's first real data date · smoothed · 183 rows)

Assets priced in SPX — 6 Months (normalised to 1.0 at each asset's first real data date · smoothed · 183 rows)

Allocation Model Guide

Equal: splits capital evenly across all selected assets. This is the neutral benchmark.

MinVar: the unconstrained minimum-variance portfolio. It seeks the lowest historical variance and is allowed to put 100% into one asset if that appears safest.

MinVar-C50: also a minimum-variance portfolio, but no asset may exceed 50%. This forces more diversification and is usually more practical.

MaxSharpe: the offensive portfolio. Maximises return per unit of risk (Sharpe ratio), capped at 50% per asset. Where MinVar and MinVar-C50 ask "how do I lose least?", MaxSharpe asks "how do I earn most efficiently?"

How to read this: when MaxSharpe and MinVar-C50 agree on weights, the signal is strong — the market is rewarding diversification. When they diverge sharply, the market is in a momentum-driven regime favouring concentration.

Exact allocations for this timeframe

Asset Total Returns

Correlation Matrix

Tested Portfolio Comparison

Single-Asset Comparison

This table answers the question: "What if I held 100% of just one asset?"

Deterministic Summary

• Best low-risk tested portfolio: MinVar — SPX 90.8%, GOLD 7.1%, JLP 2.1%
• Highest-return tested portfolio: MaxSharpe — SPX 50.0%, HYPE 38.3%, GOOGL 11.7%
• Best risk-adjusted tested portfolio: MaxSharpe — SPX 50.0%, HYPE 38.3%, GOOGL 11.7%
• Lowest-drawdown tested portfolio: MinVar — SPX 90.8%, GOLD 7.1%, JLP 2.1%
• Highest-return single asset: HYPE — 167.36%
• Single-asset dominance ratio: 2.650x

12 Months

Window: 2025-08-30 → 2026-08-30 (365 rows)

Claude Narrative Report

- Over 12 Months, the strongest asset was HYPE (89.11%), while the weakest was SOL (-48.18%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 12.57%.
- That defensive allocation was: SPX 91.7%, GOLD 8.3%.
- The highest-return tested portfolio was MaxSharpe, returning 47.94%.
- The best single asset was HYPE, returning 89.11%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 2.543.
- The lowest-drawdown tested portfolio was MinVar, with max drawdown of -9.44%.
- Single-asset dominance ratio: 1.86x versus the best tested portfolio.
- Interpretation: one asset is driving a large part of returns, so portfolio-level outperformance may be fragile.

Assets priced in BTC — 12 Months (normalised to 1.0 at each asset's first real data date · smoothed · 365 rows)

Assets priced in GOLD — 12 Months (normalised to 1.0 at each asset's first real data date · smoothed · 365 rows)

Assets priced in SPX — 12 Months (normalised to 1.0 at each asset's first real data date · smoothed · 365 rows)

Allocation Model Guide

Equal: splits capital evenly across all selected assets. This is the neutral benchmark.

MinVar: the unconstrained minimum-variance portfolio. It seeks the lowest historical variance and is allowed to put 100% into one asset if that appears safest.

MinVar-C50: also a minimum-variance portfolio, but no asset may exceed 50%. This forces more diversification and is usually more practical.

MaxSharpe: the offensive portfolio. Maximises return per unit of risk (Sharpe ratio), capped at 50% per asset. Where MinVar and MinVar-C50 ask "how do I lose least?", MaxSharpe asks "how do I earn most efficiently?"

How to read this: when MaxSharpe and MinVar-C50 agree on weights, the signal is strong — the market is rewarding diversification. When they diverge sharply, the market is in a momentum-driven regime favouring concentration.

Exact allocations for this timeframe

Asset Total Returns

Correlation Matrix

Tested Portfolio Comparison

Single-Asset Comparison

This table answers the question: "What if I held 100% of just one asset?"

Deterministic Summary

• Best low-risk tested portfolio: MinVar — SPX 91.7%, GOLD 8.3%
• Highest-return tested portfolio: MaxSharpe — GOOGL 36.1%, SPX 33.5%, GOLD 21.9%, HYPE 8.6%
• Best risk-adjusted tested portfolio: MaxSharpe — GOOGL 36.1%, SPX 33.5%, GOLD 21.9%, HYPE 8.6%
• Lowest-drawdown tested portfolio: MinVar — SPX 91.7%, GOLD 8.3%
• Highest-return single asset: HYPE — 89.11%
• Single-asset dominance ratio: 1.859x

24 Months

Window: 2024-08-30 → 2026-08-30 (730 rows)

Claude Narrative Report

- Over 24 Months, the strongest asset was HYPE (1270.49%), while the weakest was SOL (-23.88%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 14.12%.
- That defensive allocation was: SPX 70.1%, GOLD 28.8%, JLP 1.1%.
- The highest-return tested portfolio was MaxSharpe, returning 200.23%.
- The best single asset was HYPE, returning 1270.49%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 3.148.
- The lowest-drawdown tested portfolio was MinVar-C50, with max drawdown of -12.10%.
- Single-asset dominance ratio: 6.35x versus the best tested portfolio.
- Interpretation: one asset is driving a large part of returns, so portfolio-level outperformance may be fragile.

Assets priced in BTC — 24 Months (normalised to 1.0 at each asset's first real data date · smoothed · 730 rows · dotted = backfilled prefix: HYPE)

Assets priced in GOLD — 24 Months (normalised to 1.0 at each asset's first real data date · smoothed · 730 rows · dotted = backfilled prefix: HYPE)

Assets priced in SPX — 24 Months (normalised to 1.0 at each asset's first real data date · smoothed · 730 rows · dotted = backfilled prefix: HYPE)

Allocation Model Guide

Equal: splits capital evenly across all selected assets. This is the neutral benchmark.

MinVar: the unconstrained minimum-variance portfolio. It seeks the lowest historical variance and is allowed to put 100% into one asset if that appears safest.

MinVar-C50: also a minimum-variance portfolio, but no asset may exceed 50%. This forces more diversification and is usually more practical.

MaxSharpe: the offensive portfolio. Maximises return per unit of risk (Sharpe ratio), capped at 50% per asset. Where MinVar and MinVar-C50 ask "how do I lose least?", MaxSharpe asks "how do I earn most efficiently?"

How to read this: when MaxSharpe and MinVar-C50 agree on weights, the signal is strong — the market is rewarding diversification. When they diverge sharply, the market is in a momentum-driven regime favouring concentration.

Exact allocations for this timeframe

Asset Total Returns

Correlation Matrix

Tested Portfolio Comparison

Single-Asset Comparison

This table answers the question: "What if I held 100% of just one asset?"

Deterministic Summary

• Best low-risk tested portfolio: MinVar — SPX 70.1%, GOLD 28.8%, JLP 1.1%
• Highest-return tested portfolio: MaxSharpe — GOLD 50.0%, GOOGL 33.1%, HYPE 14.7%, SPX 2.2%
• Best risk-adjusted tested portfolio: MaxSharpe — GOLD 50.0%, GOOGL 33.1%, HYPE 14.7%, SPX 2.2%
• Lowest-drawdown tested portfolio: MinVar-C50 — SPX 50.0%, GOLD 38.2%, JLP 6.3%, GOOGL 5.4%
• Highest-return single asset: HYPE — 1270.49%
• Single-asset dominance ratio: 6.345x

3 Years

Window: 2023-08-30 → 2026-08-30 (1096 rows)

Claude Narrative Report

- Over 3 Years, the strongest asset was SOL (404.54%), while the weakest was TSLA (38.11%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 12.92%.
- That defensive allocation was: SPX 66.5%, GOLD 30.8%, JLP 2.8%.
- The highest-return tested portfolio was Equal, returning 180.75%.
- The best single asset was SOL, returning 404.54%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 2.358.
- The lowest-drawdown tested portfolio was MinVar-C50, with max drawdown of -12.08%.
- Single-asset dominance ratio: 2.24x versus the best tested portfolio.
- Interpretation: one asset is driving a large part of returns, so portfolio-level outperformance may be fragile.

Assets priced in BTC — 3 Years (normalised to 1.0 at each asset's first real data date · smoothed · 1096 rows · dotted = backfilled prefix: JLP)

Assets priced in GOLD — 3 Years (normalised to 1.0 at each asset's first real data date · smoothed · 1096 rows · dotted = backfilled prefix: JLP)

Assets priced in SPX — 3 Years (normalised to 1.0 at each asset's first real data date · smoothed · 1096 rows · dotted = backfilled prefix: JLP)

Allocation Model Guide

Equal: splits capital evenly across all selected assets. This is the neutral benchmark.

MinVar: the unconstrained minimum-variance portfolio. It seeks the lowest historical variance and is allowed to put 100% into one asset if that appears safest.

MinVar-C50: also a minimum-variance portfolio, but no asset may exceed 50%. This forces more diversification and is usually more practical.

MaxSharpe: the offensive portfolio. Maximises return per unit of risk (Sharpe ratio), capped at 50% per asset. Where MinVar and MinVar-C50 ask "how do I lose least?", MaxSharpe asks "how do I earn most efficiently?"

How to read this: when MaxSharpe and MinVar-C50 agree on weights, the signal is strong — the market is rewarding diversification. When they diverge sharply, the market is in a momentum-driven regime favouring concentration.

Exact allocations for this timeframe

Asset Total Returns

Correlation Matrix

Tested Portfolio Comparison

Single-Asset Comparison

This table answers the question: "What if I held 100% of just one asset?"

Deterministic Summary

• Best low-risk tested portfolio: MinVar — SPX 66.5%, GOLD 30.8%, JLP 2.8%
• Highest-return tested portfolio: Equal — BTC 12.5%, ETH 12.5%, SOL 12.5%, GOLD 12.5%, SPX 12.5%, TSLA 12.5%, GOOGL 12.5%, JLP 12.5%
• Best risk-adjusted tested portfolio: MaxSharpe — GOLD 47.8%, SPX 27.4%, GOOGL 16.1%, SOL 6.1%, JLP 1.5%, BTC 1.1%
• Lowest-drawdown tested portfolio: MinVar-C50 — SPX 50.0%, GOLD 39.2%, JLP 7.3%, GOOGL 3.5%
• Highest-return single asset: SOL — 404.54%
• Single-asset dominance ratio: 2.238x

4 Years

Window: 2022-08-31 → 2026-08-30 (1460 rows)

Claude Narrative Report

- Over 4 Years, the strongest asset was BTC (289.91%), while the weakest was TSLA (28.74%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 13.21%.
- That defensive allocation was: SPX 62.6%, GOLD 37.4%.
- The highest-return tested portfolio was Equal, returning 233.05%.
- The best single asset was BTC, returning 289.91%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 2.039.
- The lowest-drawdown tested portfolio was MinVar, with max drawdown of -11.63%.
- Single-asset dominance ratio: 1.24x versus the best tested portfolio.
- Interpretation: returns are less dependent on a single asset and are more broadly distributed.

Assets priced in BTC — 4 Years (normalised to 1.0 at each asset's first real data date · smoothed · 1460 rows)

Assets priced in GOLD — 4 Years (normalised to 1.0 at each asset's first real data date · smoothed · 1460 rows)

Assets priced in SPX — 4 Years (normalised to 1.0 at each asset's first real data date · smoothed · 1460 rows)

Allocation Model Guide

Equal: splits capital evenly across all selected assets. This is the neutral benchmark.

MinVar: the unconstrained minimum-variance portfolio. It seeks the lowest historical variance and is allowed to put 100% into one asset if that appears safest.

MinVar-C50: also a minimum-variance portfolio, but no asset may exceed 50%. This forces more diversification and is usually more practical.

MaxSharpe: the offensive portfolio. Maximises return per unit of risk (Sharpe ratio), capped at 50% per asset. Where MinVar and MinVar-C50 ask "how do I lose least?", MaxSharpe asks "how do I earn most efficiently?"

How to read this: when MaxSharpe and MinVar-C50 agree on weights, the signal is strong — the market is rewarding diversification. When they diverge sharply, the market is in a momentum-driven regime favouring concentration.

Exact allocations for this timeframe

Asset Total Returns

Correlation Matrix

Tested Portfolio Comparison

Single-Asset Comparison

This table answers the question: "What if I held 100% of just one asset?"

Deterministic Summary

• Best low-risk tested portfolio: MinVar — SPX 62.6%, GOLD 37.4%
• Highest-return tested portfolio: Equal — BTC 14.3%, ETH 14.3%, SOL 14.3%, GOLD 14.3%, SPX 14.3%, TSLA 14.3%, GOOGL 14.3%
• Best risk-adjusted tested portfolio: MaxSharpe — GOLD 50.0%, SPX 24.8%, GOOGL 15.5%, BTC 8.8%, SOL 1.0%
• Lowest-drawdown tested portfolio: MinVar — SPX 62.6%, GOLD 37.4%
• Highest-return single asset: BTC — 289.91%
• Single-asset dominance ratio: 1.244x