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UPRO/GLD Annual Rebalancing Strategy: Creation and Backtesting
A user creates a portfolio strategy that rebalances 50% UPRO (3x leveraged S&P 500 ETF) and 50% GLD (gold ETF) annually, then backtests the strategy over the past 5 years and since 2010.
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Aurora
Hello. Would you like to perform some financial analysis? Maybe on Microsoft or NVIDIA?
User
Create a strategy that rebalances 50% UPRO and 50% GLD every year
Aurora
Description:
This portfolio implements a long-term, annual rebalancing strategy between UPRO (a 3x leveraged S&P 500 ETF) and GLD (a gold ETF). The strategy is designed to maintain a 50/50 allocation between these two assets, rebalancing once every 12 months (365 days). By combining the growth potential of UPRO with the defensive qualities of GLD, this approach seeks to balance risk and return over time. The portfolio will automatically check if at least 365 days have passed since the last rebalance and, if so, adjust the holdings to restore the target allocation. The initial portfolio value is set at $10,000, with $5,000 allocated to each asset at inception.
JSON:
User
Backtest for the past 5 years