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 2026-07-10 (2y 4m 28d)

Returns (annualized)

Portfolio	28.01%
Benchmark	20.12%

Risk (annualized)

Portfolio	17.80%
Benchmark	16.08%

Sharpe (annualized)

Portfolio	1.24
Benchmark	0.96

Excess Return (annualized)

7.89%

Tracking Error (annualized)

13.51%

Information Ratio

0.58

Statistic	Portfolio	Benchmark
Downside Volatility	18.35%	16.48%
Sortino Ratio	1.20	0.93
Calmar Ratio	1.26	0.82
Ulcer Index	15.40	15.56
Max Drawdown	17.47%	18.76%
VaR (99% Confidence)	$-4,137	$-3,737
VaR (99.9% Confidence)	$-5,496	$-4,965
Beta to Benchmark	0.76	N/A

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

Growth Charts

Historical Weights

Return Distribution

Excess Kurtosis

2.61

Skew

-0.20

Data Table

Factor Coefficients
Factor	Portfolio	Benchmark	Excess
High Beta (Low Beta)	0.1986	-0.0028	0.2014
Inflation Factor	0.3127	0.0624	0.2503
Market Factor	0.7860	1.0028	-0.2168
U.S. Tilt (Non U.S.)	-0.1992	0.3616	-0.5608

Adjusted R²

Portfolio	0.59
Benchmark	0.99

Intercept

Portfolio	0.00
Benchmark	-0.00