Portfolio Analysis Report — 01-11-2026 19:35

1 Week

Window: 2026-10-25 → 2026-11-01 (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 HYPE (15.08%), while the weakest was GOOGL (-12.61%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 10.98%.
- That defensive allocation was: JLP 54.3%, SPX 28.4%, HYPE 17.3%.
- The highest-return tested portfolio was MaxSharpe, returning 4.88%.
- The best single asset was HYPE, returning 15.08%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 85.831.
- The lowest-drawdown tested portfolio was MaxSharpe, with max drawdown of -0.31%.
- Single-asset dominance ratio: 3.09x 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 — JLP 54.3%, SPX 28.4%, HYPE 17.3%
• Highest-return tested portfolio: MaxSharpe — ETH 50.0%, HYPE 39.2%, BTC 5.7%, TSLA 5.1%
• Best risk-adjusted tested portfolio: MaxSharpe — ETH 50.0%, HYPE 39.2%, BTC 5.7%, TSLA 5.1%
• Lowest-drawdown tested portfolio: MaxSharpe — ETH 50.0%, HYPE 39.2%, BTC 5.7%, TSLA 5.1%
• Highest-return single asset: HYPE — 15.08%
• Single-asset dominance ratio: 3.093x

1 Month

Window: 2026-10-02 → 2026-11-01 (30 rows)

Claude Narrative Report

- Over 1 Month, the strongest asset was TSLA (7.88%), while the weakest was SOL (-19.34%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 11.58%.
- That defensive allocation was: SPX 93.8%, JLP 6.2%.
- The highest-return tested portfolio was MaxSharpe, returning 2.99%.
- The best single asset was TSLA, returning 7.88%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 2.116.
- The lowest-drawdown tested portfolio was MinVar, with max drawdown of -3.58%.
- Single-asset dominance ratio: 2.64x 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 93.8%, JLP 6.2%
• Highest-return tested portfolio: MaxSharpe — TSLA 50.0%, SPX 50.0%
• Best risk-adjusted tested portfolio: MaxSharpe — TSLA 50.0%, SPX 50.0%
• Lowest-drawdown tested portfolio: MinVar — SPX 93.8%, JLP 6.2%
• Highest-return single asset: TSLA — 7.88%
• Single-asset dominance ratio: 2.636x

3 Months

Window: 2026-08-02 → 2026-11-01 (91 rows)

Claude Narrative Report

- Over 3 Months, the strongest asset was HYPE (67.05%), while the weakest was GOOGL (-21.37%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 10.99%.
- That defensive allocation was: SPX 97.2%, GOLD 2.8%.
- The highest-return tested portfolio was MaxSharpe, returning 42.58%.
- The best single asset was HYPE, returning 67.05%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 8.396.
- The lowest-drawdown tested portfolio was MinVar, with max drawdown of -3.16%.
- Single-asset dominance ratio: 1.57x 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 97.2%, GOLD 2.8%
• Highest-return tested portfolio: MaxSharpe — TSLA 45.6%, HYPE 37.5%, BTC 15.7%, JLP 1.2%
• Best risk-adjusted tested portfolio: MaxSharpe — TSLA 45.6%, HYPE 37.5%, BTC 15.7%, JLP 1.2%
• Lowest-drawdown tested portfolio: MinVar — SPX 97.2%, GOLD 2.8%
• Highest-return single asset: HYPE — 67.05%
• Single-asset dominance ratio: 1.575x

6 Months

Window: 2026-05-02 → 2026-11-01 (183 rows)

Claude Narrative Report

- Over 6 Months, the strongest asset was HYPE (112.65%), while the weakest was GOOGL (-27.35%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 12.18%.
- That defensive allocation was: SPX 96.4%, GOLD 3.6%.
- The highest-return tested portfolio was MaxSharpe, returning 55.58%.
- The best single asset was HYPE, returning 112.65%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 3.736.
- The lowest-drawdown tested portfolio was MinVar, with max drawdown of -4.65%.
- Single-asset dominance ratio: 2.03x 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 96.4%, GOLD 3.6%
• Highest-return tested portfolio: MaxSharpe — HYPE 50.0%, SPX 50.0%
• Best risk-adjusted tested portfolio: MaxSharpe — HYPE 50.0%, SPX 50.0%
• Lowest-drawdown tested portfolio: MinVar — SPX 96.4%, GOLD 3.6%
• Highest-return single asset: HYPE — 112.65%
• Single-asset dominance ratio: 2.027x

12 Months

Window: 2025-11-01 → 2026-11-01 (365 rows)

Claude Narrative Report

- Over 12 Months, the strongest asset was HYPE (103.06%), while the weakest was SOL (-48.66%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 12.69%.
- That defensive allocation was: SPX 93.8%, GOLD 6.2%.
- The highest-return tested portfolio was MaxSharpe, returning 53.93%.
- The best single asset was HYPE, returning 103.06%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 1.694.
- The lowest-drawdown tested portfolio was MinVar, with max drawdown of -9.35%.
- Single-asset dominance ratio: 1.91x 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 93.8%, GOLD 6.2%
• Highest-return tested portfolio: MaxSharpe — SPX 50.0%, HYPE 40.4%, GOOGL 9.6%
• Best risk-adjusted tested portfolio: MaxSharpe — SPX 50.0%, HYPE 40.4%, GOOGL 9.6%
• Lowest-drawdown tested portfolio: MinVar — SPX 93.8%, GOLD 6.2%
• Highest-return single asset: HYPE — 103.06%
• Single-asset dominance ratio: 1.911x

24 Months

Window: 2024-11-01 → 2026-11-01 (730 rows)

Claude Narrative Report

- Over 24 Months, the strongest asset was HYPE (1344.01%), while the weakest was SOL (-42.45%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 14.29%.
- That defensive allocation was: SPX 72.3%, GOLD 26.9%, JLP 0.8%.
- The highest-return tested portfolio was MaxSharpe, returning 194.75%.
- The best single asset was HYPE, returning 1344.01%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 2.679.
- The lowest-drawdown tested portfolio was MinVar-C50, with max drawdown of -12.15%.
- Single-asset dominance ratio: 6.90x 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 72.3%, GOLD 26.9%, JLP 0.8%
• Highest-return tested portfolio: MaxSharpe — GOLD 35.3%, GOOGL 23.5%, HYPE 21.5%, SPX 19.6%
• Best risk-adjusted tested portfolio: MaxSharpe — GOLD 35.3%, GOOGL 23.5%, HYPE 21.5%, SPX 19.6%
• Lowest-drawdown tested portfolio: MinVar-C50 — SPX 50.0%, GOLD 37.7%, JLP 6.5%, GOOGL 5.7%
• Highest-return single asset: HYPE — 1344.01%
• Single-asset dominance ratio: 6.901x

3 Years

Window: 2023-11-01 → 2026-11-01 (1096 rows)

Claude Narrative Report

- Over 3 Years, the strongest asset was JLP (134.11%), while the weakest was ETH (22.87%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 13.09%.
- That defensive allocation was: SPX 69.2%, GOLD 28.9%, JLP 1.8%.
- The highest-return tested portfolio was Equal, returning 141.93%.
- The best single asset was JLP, returning 134.11%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 1.993.
- The lowest-drawdown tested portfolio was MinVar-C50, with max drawdown of -12.12%.
- Single-asset dominance ratio: 0.94x versus the best tested portfolio.
- Interpretation: returns are less dependent on a single asset and are more broadly distributed.

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 69.2%, GOLD 28.9%, JLP 1.8%
• 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 — SPX 46.4%, GOLD 33.7%, JLP 11.8%, GOOGL 8.1%
• Lowest-drawdown tested portfolio: MinVar-C50 — SPX 50.0%, GOLD 38.7%, JLP 7.0%, GOOGL 4.3%
• Highest-return single asset: JLP — 134.11%
• Single-asset dominance ratio: 0.945x

4 Years

Window: 2022-11-02 → 2026-11-01 (1460 rows)

Claude Narrative Report

- Over 4 Years, the strongest asset was BTC (286.36%), while the weakest was ETH (49.34%).
- The lowest-risk tested portfolio was MinVar, with annualised volatility of 12.83%.
- That defensive allocation was: SPX 66.5%, GOLD 33.5%.
- The highest-return tested portfolio was Equal, returning 239.58%.
- The best single asset was BTC, returning 286.36%.
- The best risk-adjusted tested portfolio was MaxSharpe, with a Sharpe-like score of 1.957.
- The lowest-drawdown tested portfolio was MinVar-C50, with max drawdown of -12.14%.
- Single-asset dominance ratio: 1.20x 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 66.5%, GOLD 33.5%
• 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 41.2%, SPX 35.6%, GOOGL 13.8%, BTC 9.1%, SOL 0.3%
• Lowest-drawdown tested portfolio: MinVar-C50 — SPX 50.0%, GOLD 45.4%, GOOGL 3.4%, BTC 1.3%
• Highest-return single asset: BTC — 286.36%
• Single-asset dominance ratio: 1.195x