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StillQuant

We show everything.The bad months too.

Every strategy against its benchmark, after costs, drawdowns included.

See the performanceSee the algos

Where we stand

Data on this page
Backtest, Jan 2023 – Nov 2026
Live track record
To follow
Verification
Myfxbook · Darwinex · wikifolio

The performance panel.

Claude Momentum, our own algo, against SPY buy & hold – a backtest, day by day, since January 2023.

  • Every month is shown.

    The negative ones too. No flattering start dates.

  • Live and backtest never mix.

    Each gets its own curve and label.

  • Costs are always shown.

    What the test deducts, and what more costs would do.

Claude Momentum vs SPY buy & holdBacktest – hypothetical
  • Claude Momentum$104,528.69
  • SPY buy & hold$20,115.87
$0$20k$40k$60k$80k$100k$120k$140k2023202420252026

– · Start $10,000 · After 2 bp trading costs per side; borrowing costs at 6.75% a year deducted · Up to 2× exposure

Show as table
Claude Momentum vs SPY buy & hold, 3 Jan 2023 – 5 Nov 2026
Month endClaude MomentumSPY buy & hold
$10,064.77$10,538.37
$10,656.64$10,437.74
$10,911.81$10,629.81
$9,524.90$10,810.85
$9,790.61$10,989.78
$10,293.68$11,598.31
$11,466.30$12,020.81
$11,483.22$11,868.41
$10,676.97$11,340.29
$10,630.61$10,936.97
$10,758.91$11,967.47
$11,130.09$12,519.25
$11,703.31$12,839.28
$13,686.47$13,347.43
$14,266.46$13,747.60
$15,002.36$13,363.99
$16,530.05$13,758.90
$18,787.65$14,376.36
$18,621.85$14,424.97
$16,456.78$14,733.44
$18,664.01$14,988.57
$20,875.72$15,124.67
$29,712.41$15,753.96
$31,652.06$15,501.20
$30,222.01$15,961.01
$31,703.90$15,385.85
$30,977.95$14,448.09
$30,713.65$14,387.66
$30,790.53$15,473.34
$35,113.96$16,222.97
$40,055.87$16,804.17
$38,137.39$17,012.80
$49,238.54$17,418.74
$59,172.71$18,000.21
$57,501.11$17,891.96
$60,673.50$18,053.81
$81,759.06$18,179.93
$80,311.79$17,944.24
$75,533.53$16,786.83
$86,330.97$18,779.00
$98,701.48$19,862.32
$106,296.63$19,475.55
$105,075.54$19,567.78
$106,802.02$20,160.01
$116,031.66$20,141.62
$102,692.93$20,008.39
$104,528.69$20,115.87

Annual return

84.3%

SPY 20.0% · same period

Deepest drawdown

−24.2%

Feb 2023 – May 2023 · SPY −20.0%

Sharpe ratio

1.86

SPY 1.28 · smoother, not safer

Positive months

33 of 47

Worst: Apr 2023, −12.7%

Drawdown from peak
  • Claude MomentumMax −24.2%
  • SPY buy & holdMax −20.0%
0%−5%−10%−15%−20%−25%2023202420252026
Show as table
Drawdown from peak, 3 Jan 2023 – 5 Nov 2026
Month endClaude MomentumSPY buy & hold
−2.4%−0.6%
−6.4%−4.2%
−4.1%−2.5%
−16.3%−1.0%
−14.0%−0.9%
−9.6%−0.3%
0.0%−0.3%
−0.1%−1.6%
−7.1%−6.0%
−7.5%−9.3%
−6.4%−0.8%
−3.2%−0.1%
−2.8%−0.4%
−1.5%−0.2%
−8.6%0.0%
−3.8%−2.9%
0.0%−1.7%
−4.1%−0.4%
−4.9%−2.5%
−16.0%−0.4%
−4.7%−0.7%
−4.0%−1.8%
0.0%−0.2%
−5.1%−2.9%
−9.4%−0.4%
−5.0%−4.2%
−7.1%−10.1%
−7.9%−10.5%
−7.7%−3.7%
0.0%0.0%
0.0%0.0%
−5.6%0.0%
0.0%−0.6%
0.0%−0.5%
−5.8%−1.1%
−2.8%−0.5%
0.0%−0.7%
−5.7%−2.0%
−11.3%−8.4%
−3.8%0.0%
0.0%0.0%
−2.1%−2.2%
−4.1%−1.8%
−5.2%−1.5%
−1.3%−1.5%
−14.6%−2.2%
−13.1%−1.7%
Year by year
YearStrategySPY
2023+11.3%+25.2%
2024+184.4%+23.8%
2025+91.7%+16.5%
2026to 5 Nov 2026+72.3%+11.4%
How it was tested
Market
Liquid US large-cap stocks
Signals
Proprietary momentum model, built with Claude
Sizing
Volatility-targeted, up to 2× exposure
Fills
Realistic: the spread is paid on entry
Financing
Margin interest at 6.75% a year deducted
Trading costs
2 bp per side on every buy and sell – see the cost table
What trading costs would doOur figures are after 2 bp per side on every buy and sell. Here is the same run from no costs to 5 bp.
Cost per sideAnnual return$10,000 becameDeepest drawdown
0 bp108.8%$168,635−20.8%
1 bp96.2%$132,772−22.5%
2 bpour figures84.3%$104,529−24.2%
5 bp52.9%$50,983−29.0%

Simulated results on past data, with settings chosen on this same period. They are not live trading, include leverage, and are not a reliable indicator of future results. You can lose more than the backtest's worst drawdown.

Checked by others.

Results should live where we can't edit them.

  • Myfxbook

    Verified history for MetaTrader 5 accounts.

    To follow

  • Darwinex

    Public strategy history from real accounts.

    To follow

  • wikifolio

    Public model portfolios for equity strategies.

    To follow

The terms, briefly.

Drawdown
The fall from a previous high to the next low.
Sharpe ratio
Excess return relative to its fluctuation. Smoother, not safer.
Walk-forward
Tune on one period, test on the next unseen one.
Overfitting
Rules that learned noise. Great backtest, weak live.
Slippage
The gap between expected and filled price. A real cost.

Check us. Then decide.

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