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 2026-05-29 (2y 3m 17d)

Returns (annualized)

Portfolio	33.52%
Benchmark	21.16%

Risk (annualized)

Portfolio	17.19%
Benchmark	16.10%

Sharpe (annualized)

Portfolio	1.52
Benchmark	1.01

Excess Return (annualized)

12.36%

Tracking Error (annualized)

13.37%

Information Ratio

0.93

Statistic	Portfolio	Benchmark
Downside Volatility	17.52%	16.49%
Sortino Ratio	1.49	0.98
Calmar Ratio	1.50	0.86
Ulcer Index	15.44	15.56
Max Drawdown	17.47%	18.76%
VaR (99% Confidence)	$-3,996	$-3,741
VaR (99.9% Confidence)	$-5,308	$-4,970
Beta to Benchmark	0.73	N/A

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

Growth Charts

Historical Weights

Return Distribution

Excess Kurtosis

2.72

Skew

-0.16

Data Table

Factor Coefficients
Factor	Portfolio	Benchmark	Excess
High Beta (Low Beta)	0.2014	-0.0120	0.2134
Inflation Factor	0.2843	0.0546	0.2297
Market Factor	0.7693	1.0040	-0.2347
U.S. Tilt (Non U.S.)	-0.1975	0.3664	-0.5640

Adjusted R²

Portfolio	0.57
Benchmark	0.99

Intercept

Portfolio	0.00
Benchmark	-0.00