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Strategies/RP Gold+SCV (Schwoerer)

RP Gold+SCV (Schwoerer)

TacticalFreemoderateRobustness 0.95

Based on research by Martin Schwoerer

This is BestFolio's independent implementation. Not affiliated with or endorsed by the original author.

Launched May 4, 2025
momentum
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About this Strategy

Martin Schwoerer's Risk Parity Gold + Small Cap Value strategy applies inverse-volatility weighting across GLD (Gold), VIOV (Vanguard S&P Small-Cap 600 Value), and IEF (Intermediate Treasuries). An optional 200-day SMA trend filter excludes assets in a downtrend before applying risk parity weighting.

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Strategy Rules

Selected flavour
RP Gold+SCV (GLD/VIOV/IEF): Schwoerer: Risk Parity with Gold (GLD), Small Cap Value (VIOV), and Intermediate Treasuries (IEF). 200d SMA trend filter.
  1. 1Universe: GLD (Gold), VIOV (Small Cap Value), IEF (Intermediate Treasuries)
  2. 2If SMA filter enabled: exclude any asset trading below its 200-day SMA
  3. 3Compute 60-day rolling volatility for qualifying assets
  4. 4Allocate using inverse-volatility weighting
  5. 5If no asset qualifies → 100% BIL (cash proxy)

Asset Universe

4 instruments this strategy can hold

BIL
T-Bills (1-3 Month)
GLD
Gold
IEF
7-10Y Treasuries
VIOV
Vanguard S&P 600 Value

Key Differentiators

Monthly rebalancingTactical rotationModerate riskMomentum-based3 variants

Research Source

MS

Based on research by Martin Schwoerer

Read original paper →

Strategy Info

Type
Tactical (TAA)
Frequency
monthly
Next Rebalance
Aug 309:30 ET (30d)
Variants
3
Risk Category
moderate
Regime
Mixed
Signal Date
2026-07-02
Tags
momentum
Type
Tactical Asset Allocation (TAA)
Trading Frequency
Monthly (last trading day)
Trend Filter
200-day SMA per asset (optional, enabled by default)
Weighting
Inverse-volatility (risk parity) among qualifying assets
Volatility Measure
60-day rolling standard deviation of daily returns
Universe Size
3 risky assets + 1 cash proxy
Data Source
Institutional-grade market data (13 months minimum history)

Asset Classes

GoldSmall Cap Value EquityIntermediate-Term Treasuries

RP Gold+SCV (Schwoerer) at a glance

RP Gold+SCV (Schwoerer) is a tactical asset allocation (TAA) strategy by Martin Schwoerer across Gold, Small Cap Value Equity, Intermediate-Term Treasuries, rebalanced monthly. Backtested 1986-02-28 to 2026-07-03 (40.3 years): 6.6% CAGR, 0.80 Sharpe, -30.7% max drawdown, 8.1% volatility.

Type
Tactical (TAA)
Author
Martin Schwoerer
Rebalancing
Monthly
Risk
Moderate
Period
1986-02-28 to 2026-07-03
CAGR
6.6%
Sharpe
0.80
Max Drawdown
-30.7%
Volatility
8.1%

RP Gold+SCV (Schwoerer) Tactical Asset Allocation Strategy

Martin Schwoerer's Risk Parity Gold + Small Cap Value strategy applies inverse-volatility weighting across GLD (Gold), VIOV (Vanguard S&P Small-Cap 600 Value), and IEF (Intermediate Treasuries). An optional 200-day SMA trend filter excludes assets in a downtrend before applying risk parity weighting.

RP Gold+SCV (Schwoerer): frequently asked questions

What is RP Gold+SCV (Schwoerer)?
Risk parity allocation across gold, small cap value, and intermediate Treasuries using inverse-volatility weighting. Optional 200-day SMA trend filter excludes below-trend assets. Cash when nothing qualifies. Monthly rebalancing.
Who created the RP Gold+SCV (Schwoerer) strategy?
RP Gold+SCV (Schwoerer) was developed by Martin Schwoerer.
What is the historical return and maximum drawdown of RP Gold+SCV (Schwoerer)?
Backtested from 1986-02-28 to 2026-07-03, RP Gold+SCV (Schwoerer) returned 6.6% CAGR with a -30.7% maximum drawdown and a Sharpe ratio of 0.80. Past performance does not guarantee future results.
How often is RP Gold+SCV (Schwoerer) rebalanced?
RP Gold+SCV (Schwoerer) is rebalanced monthly. BestFolio publishes the updated allocation signal each period.
Is RP Gold+SCV (Schwoerer) a tactical asset allocation strategy?
Yes. RP Gold+SCV (Schwoerer) is a tactical asset allocation (TAA) strategy: it adjusts its holdings based on market signals each period rather than holding a fixed allocation.

Backtest Performance (1986-02-28 to 2026-07-03)

MetricRP Gold+SCV (Schwoerer)
Compound Annual Growth Rate (CAGR)6.6%
Maximum Drawdown-30.7%
Sharpe Ratio0.80
Sortino Ratio1.26
Annualized Volatility8.1%
Calmar Ratio0.21
Total Return1198.2%
Backtest Period40.3 years

Strategy Details

Type
Tactical (TAA)
Rebalancing
monthly
Risk Level
moderate
Variants
3
Author
Martin Schwoerer

Asset Classes

  • Gold
  • Small Cap Value Equity
  • Intermediate-Term Treasuries

Categories

Further reading

New to this approach? Read what tactical asset allocation is and how it works.

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