Interactive Advisors · investment strategy
by Interactive Advisors
The Adaptive Asset Allocation portfolio seeks to profit from a dynamic, rules-based asset allocation that adapts to changing market conditions by investing across minimally-correlated asset classes and adjusting asset class weightings based on volatility. The objective is to achieve the long-term returns of the respective asset classes while minimizing portfolio drawdowns.
Description from Interactive Advisors
of the return and risk figures:as the source publishes them
What $10,000 would have become, from the strategy's own published history, against the S&P 500 over the same dates. The basis is labelled.
Each rule is quoted word for word from the strategy's own documents.
“real estate will generally comprise around 7.5% of the portfolio”
“Equities will generally comprise around 30% of the portfolio”
“gold and commodities will generally comprise 7.5% of the portfolio”
“The portfolio will generally hold 8-20 positions”
“The portfolio will be rebalanced at a minimum annually”
“will be rebalanced more frequently when asset classes drift outside of our tolerance bands”
“Equity securities (exchange-listed, certain OTC, ADRs) and ETFs”
“large and mid-cap U.S. equities, fixed income, real estate and gold”
“adjusting asset class weightings based on volatility”
“Using the principles of risk parity”
No published holdings for this strategy.
Fitted to 252 returns (live) from 2025-10-30 to 2026-10-16. An estimate, not holdings: it can't name stocks.
· : 0.82 · Too loose a fit for a verdict; shown as a guide.
Beta to the S&P 500: 0.59 (90%: 0.55 to 0.64)
Compares the stated rules with the holdings (or, where none are published, a mix estimated from returns), using tests fixed before any results were seen.
No holdings on file, so nothing to test.
Strategies that share its Multi-asset label, from other sources first, strongest risk-adjusted return first.
Composer Technologies · Composer
Composer Technologies · Composer
How much of what we look for this strategy has, and why anything is missing. Fields that don't apply to it aren't counted.
3 missing
Rebalance schedule taken from a stated rule.
The text the rules are quoted from, with where it came from.
0.25%-0.75% annual; IA retains 0.25%, remainder paid to the Portfolio Manager; fee negotiated between IA and the manager
Equity securities (exchange-listed, certain OTC, ADRs) and ETFs; Portfolio Managers cannot use leverage/margin
To be selected, managers are screened (e.g. AUM, own money in the strategy), fill in a questionnaire on portfolio construction, risk control and strategy guidelines, share historical trade data, and pass a live test period during which clients cannot invest. Managers license their trade data and have no discretion over client accounts. IA receives no compensation from managers and does not pay them for referrals.
Risk score 1-5 assigned by IA; reevaluated at least annually
Not available (TLH only for the Asset Allocation Portfolio)
The Adaptive Asset Allocation portfolio seeks to profit from a dynamic, rules-based asset allocation that adapts to changing market conditions by investing across minimally-correlated asset classes and adjusting asset class weightings based on volatility. The objective is to achieve the long-term returns of the respective asset classes while minimizing portfolio drawdowns.
Sizemore Capital Management LLC is a registered investment advisory firm located in Dallas, Texas. Charles Lewis Sizemore, CFA is the founder and Chief Investment Officer of the firm.
Capital growth plus with a more complex portfolio or higher risk profile than broad equity markets. Investing in equities and concentrated portfolios and prepared to accept fluctuation in portfolio value.
The strategy encompasses the major investable asset classes, including large and mid-cap U.S. equities, fixed income, real estate and gold. The strategy primarily uses ETFs to minimize trading cost. Equities will generally comprise around 30% of the portfolio, gold and commodities will generally comprise 7.5% of the portfolio, real estate will generally comprise around 7.5% of the portfolio and fixed income and cash will comprise the remaining. The portfolio will generally hold 8-20 positions. These weightings may vary over time based on changes in asset-class-specific volatility and the correlation between asset classes.
The portfolio manager seeks to profit from a dynamic, rules-based asset allocation that adapts to changing market conditions. Using the principles of risk parity and the "permanent portfolio," the strategy encompasses the major investable asset classes, including large and mid-cap U.S. equities, fixed income, real estate and gold. The portfolio is rebalanced based on market and asset-class-specific volatility, changing correlations between asset classes, and relative performance and weightings of the respective asset classes. The manager may additionally incorporate a proprietary market risk model to manage market exposure and further reduce risk. The strategy is generally implemented via liquid, traded ETFs, though excess liquidity may be invested in U.S. Treasuries or other investment-grade-rated fixed-income securities.
We do not expect to make exceptions to our investment process or rebalancing discipline, though we understand that all models should be regularly reviewed for improvement. Risk management is only effective when it is actually followed.
The Adaptive Asset Allocation portfolio is based on decades of research on the construction of efficient portfolios and on extensive back testing and modeling. It builds on the principles of risk parity and the permanent portfolio with a goal of generating superior risk-adjusted returns.
Rebalancing is a critical aspect of the strategy. The portfolio will be rebalanced at a minimum annually and will be rebalanced more frequently when asset classes drift outside of our tolerance bands. Outside of regular rebalancing, securities may be sold or replaced when a superior security covering the same asset class is found or if, due to our risk management process, we make a tactical decision to exit an asset class.
Every value on file, each labelled with its calculation basis and as-of date.
| Composition (ETFs / Stocks / Mixed) | ETFS | 2026-10-09 | |
| ESG / responsible flag | No | 2026-10-09 | |
| Smart beta flag | No | 2026-10-09 | |
| Theme keywords (Interactive Advisors) | Adaptive asset allocation | 2026-10-09 |
| Rebalancing (methodology text) | rebalanced at a minimum annually | 2026-10-09 |
| Management / advisory fee | 0.75% | 2026-10-09 | |
| Minimum investment | $5,000 | 2026-10-09 |
| Metrics calculated through | 2026-10-09 | 2026-10-09 |
| Program in the firm's Form ADV brochure | url: https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024287 · name: Interactive Advisors Third-Party Manager Co-Trading · covers: 20 · source_key: interactive_advisors|0 · original_name: Manager Portfolios |
| Benchmark (methodology text) | Assigned by IA per portfolio (investable ETF; often S&P 500 ETF); shown optionally |
| Annualized return since inception (Lighthorse, daily, live) | 5.56% | 2026-10-16 | |
| Calendar-year returns (live account) | 2021: 8.6% · 2022: -14.2% · 2023: 7.7% · 2024: 9.8% · 2025: 14.0% | 2026-10-09 | |
| Return since inception (annualized) (live account) | 5.70% | 2026-10-09 | |
| Return since inception (cumulative) (live account) | 41.00% | 2026-10-09 | |
| Return vs the source's benchmark, last 365 days (Lighthorse, daily, live) | 4.64% | 2026-10-16 | |
| Return, last 30 days (live account) | -1.80% | 2026-10-09 | |
| Return, last 365 days (Lighthorse, daily, live) | 7.02% | 2026-10-16 | |
| Return, last 365 days (live account) | 7.80% | 2026-10-09 | |
| Return, last 5 years (cumulative) (live account) | 28.00% | 2026-10-09 | |
| Return, last 90 days (live account) | 0.10% | 2026-10-09 | |
| Return, year to date (live account) | 6.10% | 2026-10-09 |
| Beta vs the source's benchmark, last 365 days (Lighthorse, daily, live) | 1.04 | 2026-10-16 | |
| Maximum drawdown since inception (Lighthorse, daily, live) | -18.97% | 2026-10-16 | |
| Maximum drawdown, last 365 days (Lighthorse, daily, live) | -5.78% | 2026-10-16 | |
| Maximum drawdown, last 365 days (live account) | -5.80% | 2026-10-09 | |
| Sharpe ratio since inception (Lighthorse, daily, live) | 0.28 | 2026-10-16 | |
| Sharpe ratio, last 365 days (Lighthorse, daily, live) | 0.37 | 2026-10-16 | |
| Sharpe ratio, last 365 days (live account) | 0.45 | 2026-10-09 | |
| Sortino ratio, last 365 days (Lighthorse, daily, live) | 0.51 | 2026-10-16 | |
| Sortino ratio, last 365 days (live account) | 0.64 | 2026-10-09 | |
| Value-at-risk 95% 1-week, last 365 days (live account) | -2.10% | 2026-10-09 | |
| Volatility since inception (Lighthorse, daily, live) | 9.28% | 2026-10-16 | |
| Volatility, last 365 days (Lighthorse, daily, live) | 8.74% | 2026-10-16 | |
| Volatility, last 365 days (live account) | 8.90% | 2026-10-09 |
| Risk label (Interactive Advisors) | Growth plus | 2026-10-09 | |
| Risk score 1-5 (Interactive Advisors) | 3 | 2026-10-09 | |
| Risk score description | Capital growth plus with a more complex portfolio or higher risk profile than broad equity markets. Investing in equities and concentrated portfolios and prepared to accept fluctuation in portfolio value. | 2026-10-09 |
Composer Technologies · Composer
Composer Technologies · Composer
