Calendar-year total return (%)

Signal column is green when the rotation portfolio beat the 34/33/33 daily-rebalanced baseline that year, red when it underperformed. A red row is the answer to "did we lose to just holding the equal-weight?".

Year	Signal Rotation	Baseline (34/33/33)	SPY buy-and-hold	GLD buy-and-hold	IGV buy-and-hold
2016	-1.4%	-1.4%	+7.7%	-14.6%	+3.5%
2017	+24.2%	+24.2%	+20.8%	+11.9%	+40.7%
2018	+3.7%	+1.4%	-5.2%	-3.1%	+11.2%
2019	+33.9%	+28.5%	+31.1%	+17.8%	+35.0%
2020	+57.0%	+31.8%	+17.2%	+23.9%	+50.1%
2021	+15.4%	+12.8%	+30.5%	-6.2%	+14.5%
2022	-6.1%	-17.7%	-18.6%	+0.8%	-34.9%
2023	+33.1%	+31.6%	+26.7%	+11.8%	+58.2%
2024	+28.3%	+27.2%	+25.6%	+27.0%	+26.9%
2025	+43.8%	+27.6%	+18.0%	+61.5%	+5.8%
2026 (YTD)	-3.7%	-1.8%	+9.3%	-6.6%	-10.8%
All-time cumulative	+584.0%	+311.6%	+315.5%	+189.6%	+339.4%