4-3-2-1 Dragon
Static 4-3-2-1 Dragon variant: equity and small-cap value growth sleeves paired with managed futures, long zero-coupon Treasuries, and gold.
- Type: Fixed
- Frequency: quarterly
- Asset classes: US Equity, Small Cap Value, Managed Futures, Long Treasuries, Gold
- Backtest window: 2022-03-17 to 2026-11-10
- 1Y
- 6.2%
- 3Y
- 60.6%
- CAGR
- 15.1%
- Max DD
- -10.2%
- Sharpe
- 1.11
Methodology
- Allocate 30% SPY, 10% AVUV, 30% KMLM, 20% ZROZ, and 10% GLD.
- Rebalance quarterly.
Source: Cole, C. (2020). The Allegory of the Hawk and Serpent. Artemis Capital Management.
Headline backtest performance as of 2026-11-10.