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 2026-04-20 (2y 2m 8d)

Returns (annualized)

Portfolio	33.00%
Benchmark	18.74%

Risk (annualized)

Portfolio	17.21%
Benchmark	16.35%

Sharpe (annualized)

Portfolio	1.49
Benchmark	0.87

Excess Return (annualized)

14.26%

Tracking Error (annualized)

13.55%

Information Ratio

1.05

Statistic	Portfolio	Benchmark
Downside Volatility	17.69%	16.78%
Sortino Ratio	1.45	0.85
Calmar Ratio	1.47	0.76
Ulcer Index	15.45	15.55
Max Drawdown	17.47%	18.76%
VaR (99% Confidence)	$-4,000	$-3,799
VaR (99.9% Confidence)	$-5,314	$-5,047
Beta to Benchmark	0.71	N/A

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

Growth Charts

Historical Weights

Return Distribution

Excess Kurtosis

2.88

Skew

-0.17

Data Table

Factor Coefficients
Factor	Portfolio	Benchmark	Excess
High Beta (Low Beta)	0.2000	-0.0128	0.2128
Inflation Factor	0.2922	0.0494	0.2428
Market Factor	0.7680	1.0061	-0.2382
U.S. Tilt (Non U.S.)	-0.2019	0.3638	-0.5657

Adjusted R²

Portfolio	0.56
Benchmark	0.99

Intercept

Portfolio	0.00
Benchmark	-0.00