Rocketship Portfolio Index

Portfolio Specification

Assets

Policy

Rebalancing Interval	Monthly
Weights Algorithm	Equal Inverse Volatility
Weights Algorithm Look-back	1 Month
Weights Updating Interval	Monthly

Benchmark

SPDR S&P 500 ETF Trust (SPY)

This portfolio is listed on the Community Portfolios page.

Portfolio Description

Designed by Bob Elliot of @UnlimitedFnds, this portfolio concept was suspiciously announced on April 1st, 2024. Although this is clearly intended as an April Fools joke, the portfolio serves as a salient benchmark for many of the memetic trends playing out today–namely AI, crypto, and dollar debasement narratives.

The construction is defined as risk-balanced, which I’ve chosen to interpret as inverse volatility weighted with a 1 month lookback window.

The tickers are:

QQQ
GLD
IBIT

https://twitter.com/BobEUnlimited/status/1774871843112992775

Policy Report

Backtest Report

From 2024-02-12 to 2026-07-29 (2y 5m 17d)

Returns (annualized)

Portfolio	25.33%
Benchmark	17.99%

Risk (annualized)

Portfolio	17.88%
Benchmark	16.01%

Sharpe (annualized)

Portfolio	1.12
Benchmark	0.85

Excess Return (annualized)

7.34%

Tracking Error (annualized)

13.57%

Information Ratio

0.54

Statistic	Portfolio	Benchmark
Downside Volatility	18.49%	16.43%
Sortino Ratio	1.08	0.83
Calmar Ratio	1.14	0.72
Ulcer Index	15.37	15.56
Max Drawdown	17.47%	18.76%
VaR (99% Confidence)	$-4,157	$-3,720
VaR (99.9% Confidence)	$-5,522	$-4,942
Beta to Benchmark	0.77	N/A

Value at Risk (VaR) is calculated off a $10,000 portfolio value.

Growth Charts

Historical Weights

Return Distribution

Excess Kurtosis

2.48

Skew

-0.20

Data Table

Factor Coefficients
Factor	Portfolio	Benchmark	Excess
High Beta (Low Beta)	0.2114	-0.0019	0.2133
Inflation Factor	0.3194	0.0603	0.2591
Market Factor	0.7851	1.0028	-0.2178
U.S. Tilt (Non U.S.)	-0.2133	0.3613	-0.5746

Adjusted R²

Portfolio	0.59
Benchmark	0.99

Intercept

Portfolio	0.00
Benchmark	-0.00