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"2026-11-04" }, "group": "robustness", "calendar_year_returns": { "2021": 0.1370823695220762, "2022": -0.07469784940813795, "2023": 0.11538570139610438, "2024": 0.11876650829307822, "2025": 0.251551005809709 } }, "entry2020-proxy": { "start": "2020-01-02", "end": "2026-11-04", "years": 6.839291703457292, "final_value": 187260.30320578214, "total_return": 0.8726030320578213, "cagr": 0.09606263037025631, "annualized_volatility": 0.11713614124264858, "max_drawdown": -0.18454646878854652, "max_dd_peak": "2020-02-21", "max_dd_trough": "2020-03-20", "max_dd_recovery": "2020-07-21", "max_dd_peak_to_recovery_days": 151, "longest_underwater_calendar_days": 759, "longest_underwater_start": "2022-03-08", "longest_underwater_last_below": "2024-04-05", "ledger": { "asset_pnl": 102103.02893072776, "future_gross_proxy_pnl": -1049.4216225914367, "future_implied_financing": 12182.826739819642, "borrow_interest": 0.0, "cash_interest": 0.0, "etf_trading": 845.6475903658148, "future_trading": 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Do not rank as proven executable futures performance." }