{"url":"https://etfiq.com/models/strategies/volatility-capped-leverage/","section":"models","title":"Volatility-capped leverage: Rules and Paper Record | ETFIQ","description":"Volatility-capped leverage: the rule, what it holds at the Nov 3, 2026 close, its signal and its paper record. A hypothetical ETF strategy.","as_of":"Nov 3, 2026","structured_data":[{"@type":"WebPage","@id":"https://etfiq.com/models/strategies/volatility-capped-leverage/#page","name":"Volatility-capped leverage: Rules and Paper Record","url":"https://etfiq.com/models/strategies/volatility-capped-leverage/","description":"At the Nov 3, 2026 close Volatility-capped leverage is partly in and holds AVL 10%, MSFU 10%, FBL 9% and 5 more, with 26% in cash. Since the funds listed on Oct 10, 2024, it returned +14.4% a year with a deepest fall of \u221236.5%.","dateModified":"2026-11-03","isPartOf":{"@id":"https://etfiq.com/models/strategies/#page"},"publisher":{"@id":"https://etfiq.com/#org"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"ETF Models","item":"https://etfiq.com/models/"},{"@type":"ListItem","position":3,"name":"Strategy Lab","item":"https://etfiq.com/models/strategies/"},{"@type":"ListItem","position":4,"name":"Volatility-capped leverage","item":"https://etfiq.com/models/strategies/volatility-capped-leverage/"}]},{"@type":"WebPage","name":"Volatility-capped leverage: Rules and Paper Record","description":"Volatility-capped leverage: the rule, what it holds at the Nov 3, 2026 close, its signal and its paper record. A hypothetical ETF strategy.","url":"https://etfiq.com/models/strategies/volatility-capped-leverage/","dateModified":"2026-11-03","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":2309,"truncated":false,"content":"ETFIQ / ETF Models / Strategy Lab / Volatility-capped leverage \n \n Data as of Nov 3, 2026. Rebuilt every trading night.\n Volatility-capped leverage\n Hold an equal mix of eight 2x single-stock funds, shrunk toward cash when the mix's recent swings pass a cap\n At the Nov 3, 2026 close Volatility-capped leverage is partly in and holds AVL 10%, MSFU 10%, FBL 9% and 5 more, with 26% in cash. Since the funds listed on Oct 10, 2024, it returned +14.4% a year with a deepest fall of \u221236.5%.\n Hypothetical. No money is invested.\n What it holds at the Nov 3, 2026 close Fund Name Weight \n Cash 25.9% \n AVL Direxion Daily AVGO Bull 2X ETF 9.6% \n MSFU Direxion Daily MSFT Bull 2X ETF 9.5% \n FBL GraniteShares 2x Long META Daily ETF 9.5% \n NVDL GraniteShares 2x Long NVDA Daily ETF 9.4% \n AMZU Direxion Daily AMZN Bull 2X ETF 9.4% \n GGLL Direxion Daily GOOGL Bull 2X ETF 9.1% \n TSLL Direxion Daily TSLA Bull 2X ETF 8.8% \n AAPU Direxion Daily AAPL Bull 2X ETF 8.7% \n The rule\n Hold an equal mix of eight 2x single-stock funds, shrunk toward cash when the mix's recent swings pass a cap.\n A rule reads the close of the last trading day of the month and trades at the next close.\n The universe is 8 funds; the benchmark is SPDR S&P 500 ETF Trust (SPY).\n It is checked at each month end.\n Source: Moreira, A. and Muir, T. (2017). Volatility-Managed Portfolios. Journal of Finance 72(4), 1611-1644.\n Computed by ETFIQ from Tiingo daily prices. Data sourced by Tiingo .\n Where to next\n Compare strategies Build your own How we test All strategies Investment committee \n Cite this page. ETFIQ, ETFIQ Strategy Lab, Volatility-capped leverage, data as of Nov 3, 2026. https://etfiq.com/models/strategies/volatility-capped-leverage/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, ETFIQ Strategy Lab, Volatility-capped leverage, data as of Nov 3, 2026. https://etfiq.com/models/strategies/volatility-capped-leverage/ APA ETFIQ. (Nov 3, 2026). ETFIQ Strategy Lab, Volatility-capped leverage. Retrieved from https://etfiq.com/models/strategies/volatility-capped-leverage/ Markdown [ETFIQ Strategy Lab, Volatility-capped leverage (ETFIQ, Nov 3, 2026)](https://etfiq.com/models/strategies/volatility-capped-leverage/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ Strategy Lab, Volatility-capped leverage, data as of Nov 3, 2026. https://etfiq.com/models/strategies/volatility-capped-leverage/"}