HIDRA INDEX MCAP

The strategy aims to provide exposure to the largest companies in the S&P 500 through a portfolio of one to ten holdings. Selection and rebalancing take place annually, with equal or market-capitalization weights. Performance is compared with SPY as a benchmark for the US equity market.

The historical simulation starts with USD 1 million and uses Portfolio123’s historical S&P 500 proxy. Rebalancing takes place at the opening of the first trading session of each year, retaining holdings that remain in the selection and trading only the differences. Returns include dividends and modeled IBKR/ARCA commissions. Additional weighting and volatility-based exposure variants are detailed in the paper.