Surmount · investment strategy
by Quantbase · via Surmount
Trades Virtu Financial ($VIRT) based on changes in $SPY trading volume. Buys when volume rises, sells when it falls — leveraging the idea that VIRT benefits from volatility. Uses a square-root-based allocation to manage risk.
Description from Surmount
of the return and risk figures:as the source publishes them
What $10,000 would have become, from the strategy's own published history, against the S&P 500 over the same dates. The basis is labelled.
Each rule is quoted word for word from the strategy's own documents.
“Buys when volume rises, sells when it falls”
“Uses a square-root-based allocation to manage risk”
2 positions as of 2026-10-20
by the source.
Fitted to 120 returns (model) from 2025-11-05 to 2026-10-19. An estimate, not holdings: it can't name stocks.
· : 0.03 · Too loose a fit for a verdict; shown as a guide.
Beta to the S&P 500: 0.30 (90%: 0.11 to 0.43)
Compares the stated rules with the holdings (or, where none are published, a mix estimated from returns), using tests fixed before any results were seen.
0.0% of weight in (IVV: 3.0%)
No funds
No stated fossil-fuel rule; the exposure is shown for reference. : 100% · 2026-10-20
0.0% of weight in (SPY: 0%)
Fewer than 70% of the holdings could be identified, so there’s no verdict. : 0% · 2026-10-20
How much of what we look for this strategy has, and why anything is missing. Fields that don't apply to it aren't counted.
2 missing
The text the rules are quoted from, with where it came from.
Trades Virtu Financial ($VIRT) based on changes in $SPY trading volume. Buys when volume rises, sells when it falls — leveraging the idea that VIRT benefits from volatility. Uses a square-root-based allocation to manage risk.
Trades $VIRT based on $SPY trading volume
Trades Virtu Financial ($VIRT) based on changes in $SPY trading volume. Buys when volume rises, sells when it falls — leveraging the idea that VIRT benefits from volatility. Uses a square-root-based allocation to manage risk.
Every value on file, each labelled with its calculation basis and as-of date.
| Asset classes / instruments | equity | 2026-10-20 |
| Minimum investment | $100 | 2026-10-20 |
| Industry weights (Surmount) | Financial Services: 100.0% | 2026-10-20 |
| Investors following (Surmount) | 2 | 2026-10-20 |
| Annual return (Surmount tracking) (model tracking) | 5.59% | ||
| Return, 1 year (Surmount tracking) (model tracking) | 37.83% | 2026-10-20 | |
| Return, 3 months (Surmount tracking) (model tracking) | 4.86% | 2026-10-20 | |
| Return, year to date (Surmount tracking) (model tracking) | 34.53% | 2026-10-20 | |
| Total return (Surmount tracking) (model tracking) | 30.96% |
| Maximum drawdown (Surmount tracking) (model tracking) | -30.54% |
| Risk score (Surmount) | 2.89 | 2026-10-20 |
