Strategy Deepdive

GenConfluence — The Balancer

Our balanced strategy, pairing the Nasdaq-100 with gold.

GenConfluence is our balanced strategy. It trades QQQ, which tracks the Nasdaq-100, and GLD, a gold ETF. All results on this page are from a backtest.

Strategy descriptions refer to our published backtested and live results; they are not a promise of future performance. Past performance does not guarantee future results.

GenConfluence vs. benchmarks

Jan 1, 2019 – Oct 31, 2026

Compound annual growth rate

SPY

16.7%

QQQ

21.7%

GenConfluence

28.8%

SPY max drawdown: 33.1%
QQQ max drawdown: 34.8%
GenConfluence max drawdown: 13.8%

$10K invested in 2019, now: $72,564
2026 to date: +6.8%

All results are from a backtest and are hypothetical. Past performance does not guarantee future results. Growth of $10,000 with SPY and QQQ

Data as of October 31, 2026 Price: $50 per month

Performance metrics

Cumulative returns

625.6%

What does this mean?

The total percentage gain from the starting investment over the entire period. Shows the overall growth of the strategy.

CAGR

28.8%

What does this mean?

Compound Annual Growth Rate: the annualized rate of return over the period, accounting for compounding. It represents the average yearly growth rate needed to reach the final value from the initial investment.

Average win

1.00%

What does this mean?

The average percentage gain on winning trades. Higher values indicate stronger profitable trades.

Average loss

-0.63%

What does this mean?

The average percentage loss on losing trades. Smaller absolute values indicate smaller losses per losing trade.

Max drawdown

13.8%

SPY 33.1% · QQQ 34.8%

What does this mean?

The largest peak-to-trough decline in portfolio value during the period. Future drawdowns may be larger.

Annual std. deviation

13.6%

SPY 15.6% · QQQ 19.6%

What does this mean?

Measures the volatility of the strategy's returns. Higher values indicate more variable returns and higher risk.

Sharpe ratio

1.35

SPY 0.76 · QQQ 0.79

What does this mean?

Measures risk-adjusted returns by comparing excess returns to volatility. Higher values (typically above 1.0) indicate more return per unit of risk taken.

Sortino ratio

1.63

SPY 0.78 · QQQ 0.86

What does this mean?

Similar to the Sharpe ratio but only considers downside volatility, focusing on the risk of negative returns.

Treynor ratio

0.60

SPY 0.12 · QQQ 0.13

What does this mean?

Measures excess returns per unit of systematic (market) risk. Higher values indicate better risk-adjusted performance relative to market movements.

Information ratio

0.39

SPY — · QQQ 0.48

SPY is the benchmark for this ratio, so it has none of its own.

What does this mean?

Measures how consistently returns exceed a benchmark, relative to the tracking error.

Returns from

Jan 1, 2019

Returns to

Oct 31, 2026

All GenConfluence results, from January 2019 through October 31, 2026, are from a backtest. Backtested results are hypothetical, have inherent limitations, and may not reflect actual trading outcomes. Past performance does not guarantee future results.

GenConfluence vs. S&P 500 / Nasdaq‑100

Summary

Jan 1, 2019 to Oct 31, 2026

Metric	SPY*	QQQ*	GenConfluence
CAGR	16.7%	21.7%	28.8%
Total returns	235%	365.3%	625.6%
Value of $10K	$33,501	$46,526	$72,564

*SPY is the SPDR S&P 500 ETF Trust, which tracks the S&P 500 index. QQQ is the Invesco QQQ Trust, which tracks the Nasdaq-100 index.

Growth of $10,000

SPY QQQ GenConfluence

Year end	SPY	QQQ	GenConfluence
2019	$13,095	$13,914	$11,934
2020	$15,410	$20,542	$20,121
2021	$19,914	$26,329	$26,240
2022	$16,300	$17,728	$28,321
2023	$20,501	$27,309	$36,436
2024	$25,633	$34,518	$46,594
2025	$30,244	$41,624	$67,961
2026 YTD (till 10/31)	$33,501	$46,526	$72,564

Annual returns vs. benchmarks (SPY & QQQ)

SPY QQQ GenConfluence

Year	SPY	QQQ	GenConfluence
2019	30.95%	39.14%	19.34%
2020	17.68%	47.64%	68.60%
2021	29.23%	28.17%	30.42%
2022	-18.15%	-32.67%	7.93%
2023	25.77%	54.04%	28.65%
2024	25.03%	26.40%	27.88%
2025	17.99%	20.59%	45.86%
2026 YTD (till 10/31)	10.77%	11.78%	6.77%

2026 is year to date, through October 31, 2026. All results are from a backtest. Past performance does not guarantee future results.

Rolling performance heatmaps

GenConfluence, SPY and QQQ, and GenConfluence relative to each benchmark.

GenConfluence - 1-Month rolling returns

How to read these tables: Each cell is the return over the month ending that month, in percent. The comparison tables (GenConfluence vs. a benchmark) show the difference in percentage points: a positive number means GenConfluence did better; a negative number means the benchmark did better.

GenConfluence (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019	5.0	1.0	1.1	2.9	1.3	1.1	1.8	2.6	-2.6	1.1	1.6	1.1
2020	3.0	-0.5	16.3	11.9	2.4	5.2	6.0	9.5	-0.1	1.0	-0.9	1.0
2021	-3.3	0.5	1.8	6.4	3.8	5.5	0.2	4.9	-2.7	5.1	3.4	1.9
2022	-3.6	6.8	5.2	-1.1	2.9	-5.9	1.7	-2.9	-3.1	2.1	4.8	1.8
2023	6.1	-3.4	7.2	2.8	5.8	4.0	3.9	1.6	-3.3	-2.5	2.0	2.0
2024	2.8	1.2	1.7	1.6	5.1	5.3	0.8	-0.5	2.7	0.1	2.0	2.4
2025	2.7	-3.6	1.3	9.8	0.6	5.9	2.5	3.2	5.8	5.5	1.6	3.6
2026	-0.9	7.0	-7.5	11.7	4.8	-2.9	-3.5	2.0	-0.1	-2.6

SPY (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019	7.6	4.2	1.6	3.9	-4.9	5.4	2.6	-2.7	1.4	2.9	3.3	2.6
2020	2.0	-9.4	-10.9	11.8	3.7	0.5	6.3	8.1	-4.7	-1.7	11.2	2.7
2021	-0.5	2.7	4.0	6.3	0.0	2.1	2.5	3.1	-3.6	5.6	1.1	2.8
2022	-7.1	-0.9	5.0	-10.1	0.8	-7.9	8.2	-3.3	-8.4	7.1	1.6	-2.8
2023	4.7	-0.7	1.9	3.0	1.0	4.6	4.2	-1.3	-4.8	-2.7	9.3	4.9
2024	3.2	3.1	3.6	-2.5	2.4	4.4	-0.4	4.0	1.7	1.5	3.9	-2.0
2025	2.8	-3.3	-4.7	-0.2	6.3	4.6	3.1	1.6	3.1	2.4	0.5	0.8
2026	0.7	-0.9	-7.6	12.5	6.3	-1.8	0.1	3.7	-0.4	-1.1

QQQ (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019	8.3	4.7	3.6	6.2	-7.3	5.7	3.7	-3.2	0.0	5.2	4.0	3.6
2020	4.8	-7.4	-6.3	13.8	6.4	4.2	7.4	11.8	-5.5	-2.4	10.8	4.8
2021	0.5	-0.1	0.2	8.1	-1.8	6.3	2.7	4.3	-5.4	7.4	3.5	0.3
2022	-12.0	-1.7	6.2	-14.5	-1.3	-7.9	11.0	-4.5	-9.4	3.4	-0.2	-4.8
2023	8.9	1.3	7.5	2.1	8.4	4.0	5.3	-1.7	-4.7	-2.5	11.5	5.3
2024	3.8	2.3	2.1	-2.5	4.3	6.2	-4.5	4.1	2.3	2.0	2.7	1.3
2025	1.4	-4.3	-6.1	1.4	9.1	5.7	3.6	0.4	5.0	4.5	-1.1	0.2
2026	0.4	-2.3	-7.9	18.4	11.5	-1.8	-5.6	4.8	3.1	-6.4

GenConfluence vs. SPY (percentage points)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019	-2.5	-3.3	-0.5	-1.1	6.3	-4.3	-0.8	5.3	-4.1	-1.8	-1.7	-1.5
2020	1.0	8.9	27.3	0.2	-1.3	4.7	-0.3	1.4	4.7	2.7	-12.1	-1.7
2021	-2.8	-2.2	-2.3	0.1	3.8	3.3	-2.3	1.8	0.9	-0.5	2.3	-0.9
2022	3.5	7.7	0.1	8.9	2.1	2.0	-6.5	0.4	5.3	-5.0	3.3	4.6
2023	1.4	-2.7	5.3	-0.2	4.8	-0.6	-0.3	2.9	1.5	0.2	-7.3	-2.9
2024	-0.5	-1.9	-1.9	4.1	2.7	0.8	1.2	-4.5	1.0	-1.4	-1.8	4.4
2025	-0.1	-0.3	6.0	10.0	-5.7	1.3	-0.6	1.6	2.6	3.1	1.1	2.7
2026	-1.6	7.9	0.0	-0.8	-1.5	-1.1	-3.5	-1.7	0.3	-1.5

GenConfluence vs. QQQ (percentage points)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019	-3.3	-3.7	-2.5	-3.3	8.6	-4.7	-1.9	5.8	-2.6	-4.1	-2.4	-2.5
2020	-1.8	6.9	22.7	-1.8	-4.0	1.0	-1.5	-2.4	5.4	3.4	-11.7	-3.8
2021	-3.8	0.7	1.6	-1.8	5.6	-0.9	-2.5	0.6	2.7	-2.3	-0.1	1.6
2022	8.4	8.4	-1.0	13.4	4.2	2.0	-9.3	1.6	6.3	-1.3	5.1	6.6
2023	-2.8	-4.7	-0.3	0.7	-2.6	0.0	-1.4	3.3	1.4	0.0	-9.5	-3.3
2024	-1.0	-1.1	-0.5	4.2	0.8	-1.0	5.3	-4.6	0.3	-1.9	-0.6	1.1
2025	1.3	0.7	7.4	8.4	-8.5	0.3	-1.1	2.8	0.7	1.0	2.7	3.4
2026	-1.3	9.4	0.4	-6.7	-6.7	-1.0	2.1	-2.8	-3.2	3.8

GenConfluence - 3-Month rolling returns

How to read these tables: Each cell is the return over the 3 months ending that month, in percent. The comparison tables (GenConfluence vs. a benchmark) show the difference in percentage points: a positive number means GenConfluence did better; a negative number means the benchmark did better.

GenConfluence (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019			7.3	5.0	5.4	5.3	4.3	5.6	1.7	1.0	0.0	3.8
2020	5.8	3.6	19.2	29.6	33.4	20.6	14.2	22.0	15.9	10.5	0.0	1.1
2021	-3.2	-1.8	-1.1	8.9	12.3	16.4	9.6	10.8	2.3	7.3	5.8	10.8
2022	1.5	4.8	8.2	11.0	7.0	-4.3	-1.6	-7.1	-4.3	-4.0	3.6	9.0
2023	13.3	4.4	9.8	6.4	16.6	13.2	14.4	9.8	2.1	-4.3	-3.9	1.4
2024	6.9	6.1	5.7	4.6	8.6	12.4	11.5	5.5	2.9	2.2	4.8	4.5
2025	7.3	1.4	0.4	7.2	11.9	17.0	9.2	12.1	11.9	15.2	13.3	11.0
2026	4.2	9.8	-1.9	10.5	8.2	13.7	-1.7	-4.4	-1.7	-0.8

SPY (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019			13.9	10.1	0.4	4.1	2.8	5.2	1.3	1.6	7.8	9.0
2020	8.1	-5.2	-17.7	-9.8	3.3	16.5	10.8	15.4	9.4	1.2	4.1	12.2
2021	13.6	5.0	6.4	13.7	10.6	8.6	4.7	7.9	1.9	5.0	3.0	9.8
2022	-3.4	-5.4	-3.3	-6.4	-4.8	-16.5	0.4	-3.6	-4.2	-5.1	-0.3	5.8
2023	3.4	1.1	5.9	4.2	6.0	8.8	10.1	7.6	-2.0	-8.6	1.1	11.5
2024	18.3	11.7	10.3	4.2	3.5	4.3	6.5	8.1	5.3	7.3	7.2	3.2
2025	4.6	-2.5	-5.2	-8.0	1.0	10.9	14.6	9.7	8.2	7.4	6.2	3.8
2026	2.1	0.7	-7.7	3.1	10.5	17.4	4.5	1.9	3.4	2.1

QQQ (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019			17.5	15.1	2.0	4.1	1.6	6.1	0.3	1.8	9.4	13.4
2020	13.0	0.6	-9.1	-1.4	13.4	26.1	19.1	25.1	13.6	3.3	2.3	13.4
2021	16.7	5.2	0.6	8.2	6.3	12.9	7.2	13.8	1.3	6.0	5.2	11.4
2022	-8.7	-13.3	-8.1	-10.7	-10.4	-22.3	0.9	-2.4	-4.0	-10.6	-6.5	-1.8
2023	3.4	5.0	18.5	11.1	19.0	15.2	18.8	7.7	-1.4	-8.7	3.5	14.4
2024	21.9	11.8	8.5	1.9	3.8	8.0	5.8	5.6	1.7	8.6	7.1	6.0
2025	5.5	-1.7	-8.8	-8.9	3.9	16.9	19.4	9.9	9.3	10.3	8.6	3.6
2026	-0.5	-1.8	-9.7	6.5	21.6	29.6	3.4	-2.8	2.0	1.1

GenConfluence vs. SPY (percentage points)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019			-6.6	-5.1	5.0	1.2	1.5	0.4	0.4	-0.5	-7.8	-5.2
2020	-2.3	8.8	36.9	39.4	30.1	4.2	3.4	6.6	6.5	9.3	-4.0	-11.1
2021	-16.8	-6.8	-7.4	-4.8	1.7	7.8	4.9	2.9	0.4	2.3	2.8	0.9
2022	4.9	10.2	11.5	17.4	11.8	12.2	-2.0	-3.5	-0.2	1.1	4.0	3.2
2023	9.9	3.3	4.0	2.3	10.7	4.3	4.3	2.2	4.1	4.3	-5.0	-10.1
2024	-11.4	-5.6	-4.5	0.4	5.1	8.1	5.0	-2.6	-2.3	-5.1	-2.4	1.2
2025	2.7	3.9	5.6	15.3	10.9	6.1	-5.4	2.5	3.8	7.8	7.2	7.2
2026	2.2	9.1	5.8	7.4	-2.3	-3.7	-6.2	-6.3	-5.0	-2.9

GenConfluence vs. QQQ (percentage points)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019			-10.2	-10.1	3.4	1.3	2.6	-0.6	1.4	-0.8	-9.4	-9.6
2020	-7.2	3.0	28.4	30.9	20.0	-5.5	-4.9	-3.1	2.3	7.2	-2.3	-12.3
2021	-20.0	-7.0	-1.6	0.7	6.0	3.5	2.4	-3.0	0.9	1.3	0.6	-0.7
2022	10.2	18.1	16.3	21.8	17.4	18.0	-2.5	-4.7	-0.4	6.6	10.2	10.8
2023	9.8	-0.6	-8.6	-4.7	-2.4	-2.1	-4.4	2.1	3.4	4.4	-7.4	-13.1
2024	-14.9	-5.7	-2.7	2.7	4.8	4.4	5.7	0.0	1.2	-6.4	-2.3	-1.6
2025	1.8	3.0	9.2	16.1	8.0	0.1	-10.2	2.2	2.6	4.9	4.7	7.4
2026	4.8	11.6	7.8	4.1	-13.4	-15.9	-5.1	-1.5	-3.7	-1.9

GenConfluence - 6-Month rolling returns

How to read these tables: Each cell is the return over the 6 months ending that month, in percent. The comparison tables (GenConfluence vs. a benchmark) show the difference in percentage points: a positive number means GenConfluence did better; a negative number means the benchmark did better.

GenConfluence (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019						13.0	9.5	11.3	7.2	5.3	5.6	5.6
2020	6.9	3.6	23.8	37.1	38.2	43.9	47.9	62.8	39.8	26.2	22.1	17.2
2021	6.9	-1.8	0.0	5.4	10.3	15.1	19.4	24.5	19.0	17.6	17.2	13.3
2022	8.9	10.9	19.8	12.7	12.2	3.5	9.3	-0.6	-8.5	-5.5	-3.7	4.3
2023	8.8	8.2	19.7	20.6	21.7	24.3	21.8	28.1	15.5	9.5	5.5	3.5
2024	2.3	1.9	7.2	11.8	15.2	18.9	16.6	14.6	15.8	13.9	10.6	7.5
2025	9.6	6.2	4.9	15.1	13.4	17.4	17.1	25.5	30.9	25.8	27.1	24.3
2026	20.1	24.5	8.8	15.2	18.9	11.5	8.6	3.5	11.8	-2.5

SPY (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019						18.6	13.1	5.6	5.5	4.4	13.4	10.4
2020	9.8	2.2	-10.3	-2.5	-2.1	-4.1	-0.1	19.1	27.4	12.1	20.1	22.7
2021	14.9	9.2	19.3	29.1	16.1	15.5	19.0	19.4	10.6	9.9	11.2	11.9
2022	1.4	-2.5	6.2	-9.6	-9.9	-19.3	-6.0	-8.2	-20.0	-4.7	-4.0	1.4
2023	-1.9	0.7	12.0	7.7	7.1	15.2	14.7	14.0	6.6	0.6	8.8	9.2
2024	8.2	12.9	22.9	23.3	15.6	15.0	11.0	11.9	9.8	14.3	15.8	8.7
2025	12.2	4.4	-2.1	-3.8	-1.5	5.1	5.4	10.8	19.9	23.1	16.4	12.3
2026	9.6	6.9	-4.2	5.2	11.2	8.4	7.7	12.6	21.3	6.7

QQQ (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019						22.3	17.0	8.2	4.4	3.5	16.1	13.8
2020	15.0	10.0	3.1	11.4	14.0	14.6	17.5	41.9	43.2	23.0	28.1	28.8
2021	20.5	7.6	14.1	26.3	11.9	13.5	16.0	21.1	14.4	13.6	19.7	12.9
2022	-3.2	-8.8	2.4	-18.5	-22.3	-28.6	-9.9	-12.5	-25.4	-9.8	-8.8	-5.7
2023	-7.5	-1.9	16.3	14.9	24.9	36.5	32.1	28.2	13.6	8.5	11.6	12.9
2024	11.2	15.8	24.1	24.1	16.1	17.2	7.8	9.7	9.9	14.9	13.1	7.9
2025	14.5	5.3	-3.3	-3.9	2.1	6.5	8.8	14.2	27.7	31.7	19.4	13.2
2026	9.7	6.7	-6.5	5.9	19.4	17.1	10.1	18.1	32.2	4.6

GenConfluence vs. SPY (percentage points)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019						-5.6	-3.6	5.7	1.7	1.0	-7.8	-4.8
2020	-2.9	1.4	34.1	39.6	40.3	48.0	48.0	43.6	12.4	14.1	2.0	-5.5
2021	-8.0	-11.0	-19.3	-23.7	-5.8	-0.3	0.4	5.1	8.4	7.7	6.1	1.3
2022	7.5	13.4	13.6	22.3	22.1	22.8	15.3	7.6	11.5	-0.8	0.3	2.9
2023	10.7	7.4	7.7	12.9	14.6	9.1	7.1	14.0	8.9	8.9	-3.3	-5.7
2024	-5.8	-11.0	-15.7	-11.5	-0.4	3.9	5.6	2.7	5.9	-0.3	-5.3	-1.1
2025	-2.6	1.8	7.0	18.8	15.0	12.3	11.7	14.7	11.0	2.7	10.6	12.0
2026	10.5	17.6	13.1	10.0	7.6	3.1	0.9	-9.2	-9.6	-9.2

GenConfluence vs. QQQ (percentage points)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019						-9.3	-7.5	3.0	2.7	1.8	-10.5	-8.2
2020	-8.1	-6.4	20.8	25.6	24.2	29.2	30.5	20.9	-3.4	3.2	-6.0	-11.6
2021	-13.6	-9.4	-14.0	-20.9	-1.6	1.6	3.4	3.4	4.6	4.0	-2.5	0.4
2022	12.2	19.6	17.4	31.2	34.4	32.1	19.2	11.9	16.9	4.3	5.1	9.9
2023	16.3	10.1	3.4	5.6	-3.2	-12.2	-10.3	-0.1	1.9	1.0	-6.0	-9.4
2024	-8.9	-13.8	-16.9	-12.3	-0.9	1.7	8.8	5.0	5.9	-1.0	-2.5	-0.3
2025	-4.9	0.9	8.2	18.9	11.3	10.9	8.3	11.3	3.2	-5.9	7.7	11.1
2026	10.4	17.8	15.3	9.3	-0.6	-5.6	-1.5	-14.6	-20.5	-7.1

GenConfluence - 12-Month rolling returns

How to read these tables: Each cell is the return over the 12 months ending that month, in percent. The comparison tables (GenConfluence vs. a benchmark) show the difference in percentage points: a positive number means GenConfluence did better; a negative number means the benchmark did better.

GenConfluence (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019												19.3
2020	17.1	15.3	32.7	44.4	46.0	51.9	58.1	68.7	73.1	72.9	68.7	68.6
2021	58.2	59.9	39.9	32.9	34.6	35.0	27.6	22.3	19.1	23.9	29.3	30.4
2022	30.0	38.0	42.6	32.6	31.5	17.3	19.0	10.2	9.7	6.5	8.0	7.9
2023	18.8	7.5	9.6	13.9	17.2	29.6	32.4	38.5	38.3	32.0	28.5	28.6
2024	24.6	30.6	23.8	22.4	21.6	23.1	19.4	16.9	24.1	27.4	27.4	27.9
2025	27.8	21.8	21.4	31.1	25.4	26.3	28.4	33.3	37.3	44.8	44.1	45.9
2026	40.6	56.2	42.5	45.0	51.0	38.5	30.4	28.8	21.7	12.3

SPY (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019												30.9
2020	24.2	7.9	-5.4	1.8	11.0	5.9	9.7	21.8	14.4	9.3	17.6	17.7
2021	14.8	30.1	52.0	44.6	39.4	41.7	36.7	30.4	32.0	41.8	29.1	29.2
2022	20.7	16.4	17.5	-0.6	0.2	-9.7	-4.7	-10.6	-15.0	-13.8	-13.5	-18.1
2023	-7.8	-7.6	-10.4	2.6	2.9	16.8	12.5	14.9	19.4	8.4	16.6	25.8
2024	24.1	28.8	31.0	24.1	25.8	25.6	20.0	26.4	35.0	40.9	33.9	25.0
2025	24.5	16.9	7.5	9.9	14.1	14.2	18.3	15.7	17.4	18.4	14.7	18.0
2026	15.6	18.4	14.9	29.5	29.5	21.6	18.0	20.4	16.3	12.3

QQQ (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019												39.1
2020	34.6	19.1	7.6	15.3	32.4	30.4	35.1	56.1	47.6	37.0	46.0	47.6
2021	41.6	52.7	63.4	55.3	43.2	46.2	39.8	30.3	30.4	43.5	33.9	28.2
2022	12.2	10.5	17.1	-7.4	-6.9	-19.4	-12.8	-20.2	-23.6	-26.4	-29.1	-32.7
2023	-16.7	-14.2	-13.2	3.7	13.9	28.7	22.1	25.7	32.2	24.7	39.3	54.0
2024	46.9	48.5	41.1	34.6	29.6	32.3	19.9	27.0	36.4	42.6	31.3	26.4
2025	23.5	15.5	6.2	10.5	15.5	14.9	24.6	20.3	23.5	26.6	22.0	20.6
2026	19.4	21.8	19.5	39.5	42.6	32.5	20.8	26.0	23.7	10.7

GenConfluence vs. SPY (percentage points)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019												-11.6
2020	-7.1	7.4	38.0	42.6	34.9	46.1	48.5	46.9	58.7	63.7	51.1	50.9
2021	43.4	29.7	-12.2	-11.7	-4.8	-6.8	-9.1	-8.1	-12.9	-17.9	0.2	1.2
2022	9.3	21.7	25.2	33.2	31.3	26.9	23.7	20.8	24.7	20.4	21.5	26.1
2023	26.6	15.1	19.9	11.3	14.4	12.8	19.9	23.7	18.9	23.6	11.9	2.9
2024	0.6	1.8	-7.2	-1.6	-4.2	-2.6	-0.7	-9.5	-10.9	-13.5	-6.5	2.8
2025	3.3	4.9	13.9	21.1	11.4	12.0	10.1	17.6	19.9	26.3	29.5	27.9
2026	25.1	37.7	27.6	15.5	21.5	16.9	12.4	8.4	5.4	0.1

GenConfluence vs. QQQ (percentage points)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2019												-19.8
2020	-17.5	-3.8	25.0	29.1	13.5	21.5	23.0	12.6	25.5	35.9	22.7	21.0
2021	16.6	7.2	-23.5	-22.4	-8.6	-11.3	-12.2	-8.1	-11.4	-19.5	-4.7	2.3
2022	17.8	27.6	25.5	40.0	38.4	36.7	31.9	30.4	33.3	33.0	37.1	40.6
2023	35.5	21.7	22.8	10.2	3.3	0.9	10.3	12.8	6.1	7.3	-10.9	-25.4
2024	-22.3	-17.9	-17.2	-12.2	-7.9	-9.2	-0.6	-10.1	-12.3	-15.2	-3.9	1.5
2025	4.4	6.3	15.2	20.6	9.9	11.3	3.8	13.0	13.8	18.2	22.2	25.3
2026	21.3	34.3	23.0	5.5	8.5	6.0	9.7	2.8	-2.0	1.6

All results on this page are from a backtest. Past performance does not guarantee future results.

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