Muscular Portfolios Papa Bear
Papa Bear (Muscular Portfolios, Livingston): rank the canonical 13-asset universe by average 3/6/12-month total return and hold the top 3 equal-weighted. Heavier equity tilt than Mama Bear; falls back to T-bills when no candidate has positive composite momentum.
- Type: Tactical
- Frequency: monthly
- Asset classes: US Equity, International Equity, Emerging Markets, REITs, Commodities, Gold, Treasuries, Credit
- Backtest window: 2007-05-30 to 2026-09-21
- 1Y
- 21.0%
- 3Y
- 57.4%
- CAGR
- 15.3%
- Max DD
- -12.4%
- Sharpe
- 0.88
Methodology
- Average 3-, 6-, and 12-month total return across 13 ETFs.
- Hold top 3 equal-weighted each month.
- Require positive composite momentum; otherwise hold BIL.
Source: Brian Livingston Muscular Portfolios handout
Headline backtest performance as of 2026-09-21.