Backtested the EXACT live pipeline on REAL ETFs (SPY/IEF/GLD/PDBC/DBMF+BTC), 2019-2026 multi-regime.
Adaptive unlevered: Sharpe +1.20, ann +6.1%, maxDD -5.4%, positive EVERY year incl 2022. Beats
60/40 (+0.87, -21%) and equity (+0.85, -34%) with ~1/4 the drawdown. Better than the ~0.7 framing
because real ETFs (DBMF/PDBC) >> roll-zeroed futures proxies + adaptive risk layer. Caveats: Sharpe
partly low-vol-flattered (maxDD -5.4% + every-year-positive are the robust signals); 2019-26 favorable
for premia; mild param-contamination -> realistic fwd ~0.8-1.0. Modest absolute return (~.1k/yr on
5k, very smooth); lever for $ is capital. The genuine deliverable of the search, validated on real
instruments across regimes.
Co-Authored-By: Claude Opus 4.8 (1M context) <noreply@anthropic.com>
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