Leverage For The Long Run

Trend-following leveraged equity template that holds 2x S&P 500 exposure only while SPY stays above its 200-day average.

• Type: Tactical
• Frequency: daily
• Asset classes: US Equity, Cash
• Backtest window: 2010-02-11 to 2026-11-10

1Y

7.2%

3Y

103.7%

CAGR

20.5%

Max DD

-22.3%

Sharpe

0.88

Methodology

• Hold SSO while SPY is above its 200-day SMA.
• Otherwise rotate fully into BIL.

Source: Gayed, M. A. & Bilello, C. V. (2016). Leverage for the Long Run: A Systematic Approach to Managing Risk and Magnifying Returns in Stocks.

Headline backtest performance as of 2026-11-10.

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