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etf_alpha_v7

Trade 2026-07-27

etf_alpha_v7

Backtest: 2021-08-31 ~ 2026-07-24
Turnover20.41%
Annual return15.21%
Excess return12.37%
IR1.0785
Max Drawdown-14.23%
Backtest NAV (daily mark-to-market)
Performance Analysis
Months60
Positive months50.00%
Positive excess months60.00%
Best month21.34%
Worst month-6.18%
Annual Performance
YearStrategyBenchmarkExcessVolIRMaxDDExcess Win
202610.13%-3.90%14.03%20.17%1.92-13.27%71.43%
202543.83%18.41%25.42%14.87%1.84-8.18%75.00%
202420.87%12.67%8.20%16.87%0.58-10.71%66.67%
20232.88%-3.70%6.58%11.37%0.67-12.69%50.00%
2022-5.94%-15.13%9.19%12.32%0.83-12.84%50.00%
20215.02%3.16%1.86%9.06%0.58-3.43%40.00%
Largest Drawdowns
StartTroughRecoveryDrawdownTo troughTo recover
2023-04-042024-01-222024-05-20-14.23%293412
2021-12-132022-09-282023-03-23-13.51%289465
2026-01-292026-03-232026-06-18-13.27%53140
2024-05-202024-09-092024-09-30-10.71%112133
2024-11-112025-01-062025-07-11-9.96%56242
Rolling Stability
Strategy Logic
ETF Alpha Rotation V4.42 is a top-down risk-budgeted, bottom-up alpha ETF rotation strategy. It maps stock alpha signals into domestic A-share ETF themes, confirms candidates with ETF price trend, uses cluster cooldowns to avoid immediate re-entry into deteriorating themes, and wraps the alpha sleeve with volatility targeting, defensive money-market exposure, and a 25% cap on gold ETF exposure.
Trading Logic
Signals are formed from information available up to the signal date close. The research artifact is converted into production targets using daily close-to-close mark-to-market NAV. The latest target weights are published as ETF-level trade instructions; alpha ETFs, gold ETF and money-market ETF are held through the same production weight schema.
Trading Frequency
Daily refresh and daily target generation. The strategy can adjust risk budget, exits, defensive allocation and target weights every trading day.
Trading Fees
ETF transaction costs are charged at 1 bp on buys and 1 bp on sells. No stamp duty or transfer fee is charged for ETF trades.