Academic research project. Hypothetical walk-forward performance — no foreknowledge, not a live track record. Not investment advice, not FCA-authorised, capital at risk.
Portfolio Lab · Research Lab
Research Lab — an experiment in what an agentic-AI research framework can do, published in full. Research, not advice — not a tip service. Explore →

Portfolio Factsheet

Adaptive Conservative

The same tactical engine dialled to a low ~7% volatility target for capital preservation. Each month it selects the most attractive risk-adjusted assets from the global cross-asset menu, inverse-vol weights them, and de-risks heavily into cash when little qualifies — so it often holds a large cash buffer. Long-only, walk-forward out-of-sample. Built for the highest risk-adjusted return (Sharpe) with the smallest drawdowns; expect a sizeable cash weight much of the time. IB Pro.

Inception: January 2019

Benchmark:

Last updated: June 2026

Final Value

£41,420

vs benchmark: £62,954

Annual Return

9.86%

vs benchmark: 15.96%

Volatility

8.1%

vs benchmark: 15.8%

Max Drawdown

-9.5%

vs benchmark: -25.5%

Equity Curve

This product uses US-listed ETFs available on IB Pro only. Returns are shown net of dealing/spread/FX costs but gross of UK tax — a higher-rate taxpayer would face dividend tax, CGT and interest tax that add ~80-150 bps/yr of further drag. See Methodology for full details.

Adaptive Conservative — portfolio versus benchmark equity curve

Monthly Returns

Year JanFebMarAprMayJun JulAugSepOctNovDec Total

Performance Metrics

Metric Portfolio (IB Pro) IB Pro Benchmark

Drawdown

Allocation over time

Portfolio holdings (IB Pro)