Volatility Adjusted Momentum Signal

VAMS Signal Chartdeck

Institutional signal review across the Bull-Bear deck universe, using the original volume-confirmed VAMS rule: week-over-week flips, signal persistence, buy/sell regime shading, and backtested capture behavior.

As OfSeptember 25, 2026
ETF Universe41
Current Buy Rate37%
New Buys / Sells7 / 3week over week

Executive Summary

Current signal posture, weekly flips, and the highest-value capture reads.

Executive Read

The VAMS tape is 37% Buy across the ETF universe with an average current score of -0.13. Week over week, 7 ETFs flipped to Buy and 3 flipped to Sell.

The model is intentionally binary: Buy means the volatility-adjusted momentum impulse has crossed the positive trigger and remains active until a negative trigger appears. Sell means risk is withheld until the next positive trigger.

Fresh Buys

SPY, DIA, XLK, XLC, XHB, KWEB, ACWX

Fresh Sells

SLV, TLT, CL=F

Best Capture Spread

SLV, GDX, GLD, XLE, KWEB

Best 52W Drawdown Defense

SHY, HYG, VO, XLB, IAK

Strong Active Buys

QQQ, SMH, XLK, SPY, XLC, BTC-USD, XHB, XLV

Weak Active Sells

XLU, HYG, IAK, TLT, ARGT, LQD, XLRE, XLE

Metric Glossary

Basic calculations behind the institutional diagnostics used in the highlights and backtest tables.

VAMS

A proprietary volatility-adjusted momentum framework used to identify improving or deteriorating asset trends.

Volume Confirmation

A proprietary participation filter used to confirm signal changes.

Buy / Sell Signal

Persistent model state. Neutral conditions retain the prior signal until a confirmed change occurs.

Signal Strength

Cross-sectional 1-10 score based on absolute current VAMS magnitude.

Strategy Return

ETF daily return when prior-day signal is Buy; 0% return when prior-day signal is Sell.

Sharpe Ratio

Annualized strategy return divided by annualized strategy volatility.

Sortino Ratio

Annualized strategy return divided by annualized downside volatility.

Calmar Ratio

Annualized strategy return divided by absolute max drawdown.

Pain Ratio

Annualized strategy return divided by average drawdown depth while underwater.

Ulcer Index

Root mean square of strategy drawdowns; penalizes deep and persistent drawdowns.

Gain To Pain

Sum of positive strategy returns divided by absolute sum of negative strategy returns.

Upside Capture

Strategy return on ETF up days divided by ETF return on ETF up days.

Downside Capture

Strategy return on ETF down days divided by ETF return on ETF down days; lower is better.

Capture Spread

Upside capture minus downside capture.

Signal Drawdown 52W

Max drawdown of the VAMS strategy equity curve over the trailing 252 trading days.

ETF Drawdown 52W

Max drawdown of buy-and-hold ETF equity curve over the trailing 252 trading days.

Drawdown Saved 52W

ETF Drawdown 52W minus Signal Drawdown 52W. Positive means VAMS reduced trailing drawdown.

Worst Decile Defense

1 minus strategy loss / ETF loss on the ETF's worst 10% daily-return observations.

Best Decile Participation

Strategy gain / ETF gain on the ETF's best 10% daily-return observations.

ETF Ann Return While Buy

Annualized ETF return observed during periods classified as VAMS Buy.

ETF Ann Return While Sell

Annualized ETF return observed during periods classified as VAMS Sell. Negative values mean the ETF tended to fall while the model was risk-off.

Buy Minus Sell Return Spread

ETF Ann Return While Buy minus ETF Ann Return While Sell. A large positive spread means the signal separated favorable and unfavorable return regimes.

Exposure

Percent of days the model is in Buy state.

Trades / Year

Signal state changes per year.

Return Per Trade

Annualized strategy return divided by trades per year.

Avg Buy / Sell Hold Days

Average number of calendar observations spent in each signal state per episode.

Whipsaw Rate

Share of signal flips that reverse again within 21 calendar days.

Overall Strategy Profile

Cross-asset median statistics and rolling model hit-rate across the Bull-Bear universe.

Median Strategy Ann Return23.3%
Median Buy/Hold Ann Return5.0%
Median Excess Ann Return17.5%
Median Strategy Sharpe2.25
Median Strategy Sortino2.23
Median Calmar Ratio2.49
Median Strategy Max DD-10.3%
Median ETF Buy/Hold Max DD-44.8%
Median 52W DD Saved-9.6%
Median Upside Capture53%
Median Downside Capture31%
Median Capture Spread22%
Median Worst-Decile Defense76%
Median Regime Return Spread71.2%
Median Exposure47%
Median Trades / Year16.27
Median Whipsaw Rate76%

Executive Highlights

Best and worst signals, improving and deteriorating names, Sharpe extremes, and 52-week drawdown defense.

Executive highlight rankings use trailing 3-year signal performance so leadership, fragility, capture, and risk-adjusted quality can change as the current regime evolves. The drawdown-defense blocks use the trailing 52-week signal drawdown versus ETF drawdown. Full-history diagnostics remain in the detailed backtest tables.

Best Current Signals

TickerNameCurrent SignalCurrent VAMSVAMS 5D ChangeSignal StrengthSignal Since1M Return3M Return
QQQNasdaq 100Buy0.630.166.262026-09-193.6%8.8%
SMHSemiconductorsBuy0.550.025.542026-09-197.0%8.1%
XLKTechnologyBuy0.480.055.012026-09-214.8%11.6%
SPYS&P 500Buy0.420.244.482026-09-230.2%4.4%
XLCCommunicationsBuy0.370.904.102026-09-210.8%6.3%
BTC-USDBitcoinBuy0.31-0.363.612026-09-185.3%30.9%
XHBHomebuildersBuy0.300.513.512026-09-25-4.8%-9.3%
XLVHealthcareBuy0.300.213.492026-09-18-0.4%5.0%
EZUEuropeSell0.260.333.172026-08-19-2.5%1.1%
EEMEmerging MarketsBuy0.24-0.073.002026-09-20-1.0%7.3%
ACWXWorld Ex. U.S.Buy0.230.112.882026-09-22-2.1%3.7%
EWJJapanSell0.190.172.562026-08-18-0.4%7.4%

Worst Current Signals

TickerNameCurrent SignalCurrent VAMSVAMS 5D ChangeSignal StrengthSignal Since1M Return3M Return
XLUUtilitiesSell-1.08-0.9510.002026-09-10-8.3%-14.6%
HYGHigh Yield Corporate BondsSell-0.80-1.017.662026-09-23-1.6%-1.7%
IAKInsuranceSell-0.80-0.437.632026-09-08-5.1%-6.8%
TLT20+ Year Treasury BondsSell-0.79-1.047.592026-09-23-3.5%-4.7%
ARGTArgentinaSell-0.79-0.407.582026-09-15-8.1%-4.9%
LQDInvestment Grade Corporate BondsSell-0.79-1.057.582026-08-30-2.2%-2.8%
XLREReal EstateSell-0.77-0.387.422026-07-30-5.4%-9.6%
XLEEnergySell-0.59-0.165.882026-09-14-3.2%4.1%
CL=FOilSell-0.57-0.205.732026-09-221.0%3.5%
XLFFinancialsSell-0.530.015.412026-09-01-5.6%-2.6%
KRERegional BanksSell-0.440.024.662026-09-12-4.9%-5.5%
EWZBrazilSell-0.30-0.183.452026-09-24-2.7%3.1%

Fastest Improving

TickerNameCurrent SignalCurrent VAMSVAMS 5D ChangeSignal StrengthSignal Since1M Return3M Return
XLCCommunicationsBuy0.370.904.102026-09-210.8%6.3%
XHBHomebuildersBuy0.300.513.512026-09-25-4.8%-9.3%
DIADow JonesBuy0.090.401.772026-09-21-3.1%-0.2%
EZUEuropeSell0.260.333.172026-08-19-2.5%1.1%
DAXGermanySell0.050.311.392026-09-10-3.9%2.1%
XLBMaterialsSell-0.080.241.622026-09-01-5.0%-2.8%
SPYS&P 500Buy0.420.244.482026-09-230.2%4.4%
XLVHealthcareBuy0.300.213.492026-09-18-0.4%5.0%
EWJJapanSell0.190.172.562026-08-18-0.4%7.4%
QQQNasdaq 100Buy0.630.166.262026-09-193.6%8.8%
SHY1-3 Year Treasury NotesSell-0.070.111.602026-08-28-0.6%-0.8%
ACWXWorld Ex. U.S.Buy0.230.112.882026-09-22-2.1%3.7%

Fastest Deteriorating

TickerNameCurrent SignalCurrent VAMSVAMS 5D ChangeSignal StrengthSignal Since1M Return3M Return
LQDInvestment Grade Corporate BondsSell-0.79-1.057.582026-08-30-2.2%-2.8%
TLT20+ Year Treasury BondsSell-0.79-1.047.592026-09-23-3.5%-4.7%
HYGHigh Yield Corporate BondsSell-0.80-1.017.662026-09-23-1.6%-1.7%
XLUUtilitiesSell-1.08-0.9510.002026-09-10-8.3%-14.6%
SLVSilverSell-0.28-0.683.342026-09-23-2.8%10.6%
GLDGoldSell-0.29-0.563.442026-08-28-3.3%5.8%
ETH-USDEthereumBuy0.11-0.521.912026-09-189.3%44.3%
SILSilver MinersSell-0.26-0.463.182026-09-10-7.8%21.4%
CPERCopperBuy0.17-0.442.402026-09-191.7%5.9%
IAKInsuranceSell-0.80-0.437.632026-09-08-5.1%-6.8%
ARGTArgentinaSell-0.79-0.407.582026-09-15-8.1%-4.9%
KWEBChina TechBuy-0.15-0.392.262026-09-21-5.6%-6.5%

Highest Sharpe

TickerNameCurrent SignalStrategy SharpeCalmar RatioStrategy Max DDSignal Drawdown 52WETF Drawdown 52WDrawdown Saved 52W
GDXGold MinersSell5.3314.69-8.6%-8.6%-38.9%-30.3%
SILSilver MinersSell4.137.75-14.2%-14.2%-39.5%-25.3%
SLVSilverSell3.987.52-13.3%-13.3%-52.3%-39.0%
XLEEnergySell3.386.69-6.5%-6.1%-15.6%-9.5%
SMHSemiconductorsBuy3.3110.39-5.0%-4.6%-24.6%-20.0%
XLKTechnologyBuy3.188.04-5.4%-3.6%-16.0%-12.4%
EWZBrazilSell2.995.69-6.9%-6.9%-19.3%-12.4%
CL=FOilSell2.956.37-11.9%-11.9%-39.3%-27.4%
ETH-USDEthereumBuy2.936.47-17.7%-17.7%-52.7%-35.0%
QQQNasdaq 100Buy2.867.33-4.3%-2.1%-11.8%-9.7%
XLIIndustrialsSell2.835.28-5.4%-3.7%-12.5%-8.7%
EWJJapanSell2.668.64-3.5%-2.2%-13.6%-11.4%

Lowest Sharpe

TickerNameCurrent SignalStrategy SharpeCalmar RatioStrategy Max DDSignal Drawdown 52WETF Drawdown 52WDrawdown Saved 52W
XLPConsumer StaplesSell1.483.53-3.1%-3.1%-9.9%-6.9%
SHY1-3 Year Treasury NotesSell1.602.13-0.6%-0.4%-2.5%-2.2%
XLVHealthcareBuy1.613.60-4.2%-2.8%-10.8%-8.0%
TLT20+ Year Treasury BondsSell1.703.20-3.2%-2.5%-12.7%-10.1%
HYGHigh Yield Corporate BondsSell1.742.86-1.4%-1.4%-4.1%-2.7%
EZUEuropeSell1.753.53-4.3%-3.4%-13.1%-9.6%
INDAIndiaBuy1.792.67-5.2%-5.2%-15.5%-10.3%
LQDInvestment Grade Corporate BondsSell1.803.63-1.6%-1.4%-7.7%-6.3%
DAXGermanySell1.943.14-6.2%-6.2%-14.8%-8.6%
VOMidcapsSell1.994.59-3.7%-3.7%-8.5%-4.8%
IAKInsuranceSell2.055.31-3.3%-3.3%-9.5%-6.2%
XLUUtilitiesSell2.052.73-5.8%-5.8%-17.5%-11.7%

Best Trailing 52W Drawdown Defense

TickerNameCurrent SignalStrategy SharpeCalmar RatioStrategy Max DDSignal Drawdown 52WETF Drawdown 52WDrawdown Saved 52W
SHY1-3 Year Treasury NotesSell1.602.13-0.6%-0.4%-2.5%-2.2%
HYGHigh Yield Corporate BondsSell1.742.86-1.4%-1.4%-4.1%-2.7%
VOMidcapsSell1.994.59-3.7%-3.7%-8.5%-4.8%
XLBMaterialsSell2.083.20-6.9%-6.9%-12.4%-5.4%
IAKInsuranceSell2.055.31-3.3%-3.3%-9.5%-6.2%
EEMEmerging MarketsBuy2.613.83-8.0%-8.0%-14.2%-6.2%
LQDInvestment Grade Corporate BondsSell1.803.63-1.6%-1.4%-7.7%-6.3%
ACWXWorld Ex. U.S.Buy2.615.46-4.7%-4.7%-11.4%-6.7%
XLPConsumer StaplesSell1.483.53-3.1%-3.1%-9.9%-6.9%
SPYS&P 500Buy2.214.47-4.4%-2.2%-9.1%-7.0%
DIADow JonesBuy2.226.30-3.0%-3.0%-10.1%-7.0%
XLREReal EstateSell2.206.01-2.4%-1.9%-9.7%-7.7%

Worst Trailing 52W Drawdown Defense

TickerNameCurrent SignalStrategy SharpeCalmar RatioStrategy Max DDSignal Drawdown 52WETF Drawdown 52WDrawdown Saved 52W
SLVSilverSell3.987.52-13.3%-13.3%-52.3%-39.0%
ETH-USDEthereumBuy2.936.47-17.7%-17.7%-52.7%-35.0%
GDXGold MinersSell5.3314.69-8.6%-8.6%-38.9%-30.3%
CL=FOilSell2.956.37-11.9%-11.9%-39.3%-27.4%
KWEBChina TechBuy2.375.73-9.0%-8.0%-34.9%-26.9%
SILSilver MinersSell4.137.75-14.2%-14.2%-39.5%-25.3%
BTC-USDBitcoinBuy2.133.30-15.9%-15.1%-38.4%-23.3%
SMHSemiconductorsBuy3.3110.39-5.0%-4.6%-24.6%-20.0%
XHBHomebuildersBuy2.407.23-5.0%-4.5%-21.8%-17.3%
XLKTechnologyBuy3.188.04-5.4%-3.6%-16.0%-12.4%
EWZBrazilSell2.995.69-6.9%-6.9%-19.3%-12.4%
XLYConsumer DiscretionarySell2.235.75-4.3%-2.1%-14.2%-12.1%

Best Upside / Downside Capture

TickerNameCurrent SignalUpside CaptureDownside CaptureCapture SpreadCalmar RatioExcess Ann Return
GDXGold MinersSell68.7%30.2%38.5%14.6993.0%
XLEEnergySell62.8%29.3%33.6%6.6932.9%
KWEBChina TechBuy67.3%35.3%32.0%5.7353.2%
SLVSilverSell66.2%34.5%31.7%7.5269.9%
XLIIndustrialsSell59.6%29.0%30.6%5.2819.7%
CL=FOilSell59.4%28.8%30.6%6.3768.2%
SILSilver MinersSell65.1%35.8%29.3%7.7569.4%
EWZBrazilSell60.5%31.2%29.2%5.6932.1%
XLFFinancialsSell61.2%32.1%29.2%7.1318.2%
XHBHomebuildersBuy55.2%26.0%29.2%7.2342.1%
XLKTechnologyBuy50.8%23.0%27.8%8.0422.2%
XLCCommunicationsBuy60.5%33.2%27.3%5.7816.4%

Weakest Upside / Downside Capture

TickerNameCurrent SignalUpside CaptureDownside CaptureCapture SpreadCalmar RatioExcess Ann Return
EZUEuropeSell45.1%30.5%14.7%3.535.1%
DAXGermanySell55.9%38.3%17.6%3.149.7%
XLPConsumer StaplesSell51.5%33.7%17.8%3.5311.0%
BTC-USDBitcoinBuy51.7%33.8%17.9%3.3039.9%
XLVHealthcareBuy58.8%39.5%19.3%3.6012.4%
SMHSemiconductorsBuy42.4%21.5%20.9%10.3916.5%
IAKInsuranceSell47.0%26.0%21.0%5.3115.0%
SHY1-3 Year Treasury NotesSell47.2%26.2%21.0%2.131.9%
IWMRussell 2000Sell45.4%24.3%21.1%4.6214.3%
HYGHigh Yield Corporate BondsSell48.0%26.7%21.3%2.864.6%
XLUUtilitiesSell48.4%27.0%21.4%2.7314.7%
VOMidcapsSell56.9%35.5%21.4%4.599.6%

Best Downside-Adjusted Quality

TickerNameCurrent SignalStrategy SortinoPain RatioGain To PainWorst Decile DefenseBest Decile ParticipationBuy Minus Sell Return Spread
GDXGold MinersSell6.5547.992.7976.9%69.1%264.9%
ETH-USDEthereumBuy4.7218.341.7679.5%67.1%298.0%
SILSilver MinersSell4.2826.892.2672.1%65.9%221.9%
SLVSilverSell3.7834.252.3474.9%74.2%216.7%
XLKTechnologyBuy3.5728.952.7286.0%52.6%109.6%
EWZBrazilSell3.5317.652.1278.2%65.1%118.5%
EWJJapanSell3.4423.412.1979.5%60.6%82.2%
XLIIndustrialsSell3.4227.472.3677.1%60.9%86.7%
SMHSemiconductorsBuy3.3623.882.4986.4%39.2%117.3%
QQQNasdaq 100Buy3.3240.682.9589.5%45.4%86.9%
XLFFinancialsSell3.1522.382.1375.8%65.4%74.8%
XLEEnergySell2.9124.452.4573.3%70.9%126.3%

Weakest Downside-Adjusted Quality

TickerNameCurrent SignalStrategy SortinoPain RatioGain To PainWorst Decile DefenseBest Decile ParticipationBuy Minus Sell Return Spread
SHY1-3 Year Treasury NotesSell1.206.731.6582.7%43.3%6.3%
XLPConsumer StaplesSell1.469.901.5468.3%58.0%42.9%
HYGHigh Yield Corporate BondsSell1.4710.881.7580.0%46.0%16.8%
GLDGoldSell1.747.031.8663.2%61.8%78.7%
TLT20+ Year Treasury BondsSell1.789.551.6578.2%59.9%51.2%
LQDInvestment Grade Corporate BondsSell1.7910.121.7081.9%52.8%26.7%
EZUEuropeSell1.928.501.7280.2%47.2%40.3%
XLREReal EstateSell1.9216.492.0385.9%41.9%62.0%
XLVHealthcareBuy1.949.721.5768.5%62.6%48.5%
IAKInsuranceSell1.9713.381.9077.4%52.5%63.4%
XLUUtilitiesSell2.129.381.8580.9%51.9%59.4%
SPYS&P 500Buy2.1226.092.4883.3%46.5%52.6%

Most Durable Signal Behavior

TickerNameCurrent SignalReturn Per TradeTrades / YearAvg Buy Hold DaysAvg Sell Hold DaysWhipsaw RateExposure
XHBHomebuildersBuy2.7%13.67142367.5%39.8%
KWEBChina TechBuy3.7%14.00171968.3%44.8%
ETH-USDEthereumBuy7.2%16.00161570.2%51.6%
XLYConsumer DiscretionarySell1.7%15.00122170.5%35.8%
XLFFinancialsSell1.5%16.67151571.4%48.1%
ACWXWorld Ex. U.S.Buy1.6%15.67191473.9%58.1%
INDAIndiaBuy0.8%17.00121776.0%42.2%
DAXGermanySell1.1%17.33151476.5%51.7%
EEMEmerging MarketsBuy1.9%16.00151676.6%48.3%
HYGHigh Yield Corporate BondsSell0.2%19.33111577.2%43.4%
SILSilver MinersSell6.4%17.33161378.4%54.5%
GLDGoldSell2.2%16.00191378.7%59.8%

Most Fragile Signal Behavior

TickerNameCurrent SignalReturn Per TradeTrades / YearAvg Buy Hold DaysAvg Sell Hold DaysWhipsaw RateExposure
XLUUtilitiesSell0.7%21.33101488.9%40.9%
XLVHealthcareBuy0.7%20.33131288.3%50.8%
LQDInvestment Grade Corporate BondsSell0.3%18.33121587.0%43.4%
CL=FOilSell3.9%19.67111586.2%41.5%
GDXGold MinersSell6.5%19.67141286.2%53.2%
SHY1-3 Year Treasury NotesSell0.1%19.33121486.0%45.5%
XLEEnergySell2.3%19.00131485.7%46.7%
KRERegional BanksSell1.7%20.00131284.7%50.4%
XLREReal EstateSell0.8%17.33101984.3%34.3%
XLBMaterialsSell1.1%19.33131384.2%48.0%
BTC-USDBitcoinBuy2.7%19.33121584.2%44.3%
EWZBrazilSell1.9%21.00121283.9%48.9%

Signal Heatmap

Current signal, VAMS impulse, one-month price action, Calmar, and capture ratios. Colors are direction-aware percentile scores within each column.

Week-Over-Week Signal Tape

Buy-rate, new-buy, and new-sell counts across the full universe.

Group Summary

Sleeve-level signal breadth and backtest quality.

GroupConstituentsBuy %New BuysNew SellsAvg VAMSAvg 1M ReturnAvg CalmarAvg Upside CaptureAvg Downside CaptureAvg Capture SpreadTickers
US Index / Size ETFsSPY, QQQ, DIA, VO, IWM60.0%200.19-1.4%2.5548.0%27.7%20.3%5
Industry ETFsKRE, IAK, SMH, XHB50.0%10-0.10-2.0%2.1452.8%31.7%21.1%4
International Equity ETFsDAX, EWJ, ARGT, EWZ, INDA, EZU, EEM, KWEB, ACWX44.4%20-0.04-3.4%2.3053.6%32.1%21.5%9
Metals / Miners / Crypto / OilGLD, GDX, SLV, SIL, CPER, BTC-USD, ETH-USD, CL=F37.5%02-0.13-0.4%2.5559.3%33.6%25.7%8
US Sector ETFsXLK, XLY, XLC, XLF, XLE, XLI, XLB, XLU, XLRE, XLV, XLP27.3%20-0.19-2.9%2.3852.6%30.6%22.0%11
Bond / Credit ETFsSHY, TLT, LQD, HYG0.0%01-0.61-2.0%1.5354.4%33.1%21.3%4

Fresh Signal Changes

ETFs where the current VAMS state changed versus one week ago.

New Buys

TickerNameGroupCurrent SignalPrior Week SignalWoW Signal ChangeSignal StrengthCurrent VAMSVAMS 5D ChangeSignal SinceLast Buy DateLast Sell Date5D Return1M Return3M Return30D Vol
XLKTechnologyUS SectorBuySellNew Buy5.010.480.052026-09-212026-09-212026-09-013.5%4.8%11.6%18.0%
SPYS&P 500US Index / SizeBuySellNew Buy4.480.420.242026-09-232026-09-232026-08-181.3%0.2%4.4%8.9%
XLCCommunicationsUS SectorBuySellNew Buy4.100.370.902026-09-212026-09-212026-09-181.9%0.8%6.3%17.9%
XHBHomebuildersIndustriesBuySellNew Buy3.510.300.512026-09-252026-09-252026-08-182.0%-4.8%-9.3%19.4%
ACWXWorld Ex. U.S.International EquityBuySellNew Buy2.880.230.112026-09-222026-09-222026-09-100.8%-2.1%3.7%11.7%
DIADow JonesUS Index / SizeBuySellNew Buy1.770.090.402026-09-212026-09-212026-08-100.3%-3.1%-0.2%9.5%
KWEBChina TechInternational EquityBuySellNew Buy2.26-0.15-0.392026-09-212026-09-212026-08-12-1.0%-5.6%-6.5%17.7%

New Sells

TickerNameGroupCurrent SignalPrior Week SignalWoW Signal ChangeSignal StrengthCurrent VAMSVAMS 5D ChangeSignal SinceLast Buy DateLast Sell Date5D Return1M Return3M Return30D Vol
TLT20+ Year Treasury BondsBonds / CreditSellBuyNew Sell7.59-0.79-1.042026-09-232026-09-172026-09-23-2.4%-3.5%-4.7%8.5%
CL=FOilMetals / Miners / Crypto / OilSellBuyNew Sell5.73-0.57-0.202026-09-222026-08-312026-09-22-7.8%1.0%3.5%45.2%
SLVSilverMetals / Miners / Crypto / OilSellBuyNew Sell3.34-0.28-0.682026-09-232026-09-182026-09-23-3.0%-2.8%10.6%33.1%

Full Signal Matrix

Colored table for every ETF in the model universe.

TickerNameGroupCurrent SignalPrior Week SignalWoW Signal ChangeSignal StrengthCurrent VAMSVAMS 5D ChangeSignal SinceLast Buy DateLast Sell Date5D Return1M Return3M Return30D Vol
QQQNasdaq 100US Index / SizeBuyBuyNo Change6.260.630.162026-09-192026-09-192026-09-103.2%3.6%8.8%13.3%
SMHSemiconductorsIndustriesBuyBuyNo Change5.540.550.022026-09-192026-09-192026-09-145.9%7.0%8.1%29.2%
XLKTechnologyUS SectorBuySellNew Buy5.010.480.052026-09-212026-09-212026-09-013.5%4.8%11.6%18.0%
SPYS&P 500US Index / SizeBuySellNew Buy4.480.420.242026-09-232026-09-232026-08-181.3%0.2%4.4%8.9%
XLCCommunicationsUS SectorBuySellNew Buy4.100.370.902026-09-212026-09-212026-09-181.9%0.8%6.3%17.9%
BTC-USDBitcoinMetals / Miners / Crypto / OilBuyBuyNo Change3.610.31-0.362026-09-182026-09-182026-09-083.4%5.3%30.9%36.8%
XHBHomebuildersIndustriesBuySellNew Buy3.510.300.512026-09-252026-09-252026-08-182.0%-4.8%-9.3%19.4%
XLVHealthcareUS SectorBuyBuyNo Change3.490.300.212026-09-182026-09-182026-08-271.4%-0.4%5.0%11.1%
EEMEmerging MarketsInternational EquityBuyBuyNo Change3.000.24-0.072026-09-202026-09-202026-09-101.4%-1.0%7.3%17.5%
ACWXWorld Ex. U.S.International EquityBuySellNew Buy2.880.230.112026-09-222026-09-222026-09-100.8%-2.1%3.7%11.7%
CPERCopperMetals / Miners / Crypto / OilBuyBuyNo Change2.400.17-0.442026-09-192026-09-192026-09-100.9%1.7%5.9%23.2%
ETH-USDEthereumMetals / Miners / Crypto / OilBuyBuyNo Change1.910.11-0.522026-09-182026-09-182026-09-011.6%9.3%44.3%38.8%
DIADow JonesUS Index / SizeBuySellNew Buy1.770.090.402026-09-212026-09-212026-08-100.3%-3.1%-0.2%9.5%
INDAIndiaInternational EquityBuyBuyNo Change1.71-0.09-0.352026-09-202026-09-202026-09-08-0.3%-4.1%-0.3%10.8%
KWEBChina TechInternational EquityBuySellNew Buy2.26-0.15-0.392026-09-212026-09-212026-08-12-1.0%-5.6%-6.5%17.7%
EZUEuropeInternational EquitySellSellNo Change3.170.260.332026-08-192026-07-302026-08-190.8%-2.5%1.1%10.8%
EWJJapanInternational EquitySellSellNo Change2.560.190.172026-08-182026-07-302026-08-181.0%-0.4%7.4%15.0%
XLIIndustrialsUS SectorSellSellNo Change1.810.10-0.032026-08-182026-08-032026-08-180.4%-2.8%-6.7%10.7%
DAXGermanyInternational EquitySellSellNo Change1.390.050.312026-09-102026-09-062026-09-100.1%-3.9%2.1%11.7%
VOMidcapsUS Index / SizeSellSellNo Change1.000.000.032026-08-182026-07-282026-08-18-0.0%-2.8%-0.7%8.2%
SHY1-3 Year Treasury NotesBonds / CreditSellSellNo Change1.60-0.070.112026-08-282026-08-162026-08-28-0.0%-0.6%-0.8%1.8%
XLBMaterialsUS SectorSellSellNo Change1.62-0.080.242026-09-012026-08-212026-09-01-0.4%-5.0%-2.8%12.1%
XLYConsumer DiscretionaryUS SectorSellSellNo Change1.65-0.08-0.102026-08-132026-07-292026-08-13-0.4%-3.8%1.1%13.2%
IWMRussell 2000US Index / SizeSellSellNo Change2.48-0.18-0.082026-08-182026-08-082026-08-18-0.7%-4.7%-3.2%10.7%
GDXGold MinersMetals / Miners / Crypto / OilSellSellNo Change2.57-0.19-0.302026-08-282026-07-212026-08-28-2.7%-6.4%23.4%34.1%
XLPConsumer StaplesUS SectorSellSellNo Change2.84-0.220.062026-09-042026-08-222026-09-04-0.9%-3.0%-2.5%9.7%
SILSilver MinersMetals / Miners / Crypto / OilSellSellNo Change3.18-0.26-0.462026-09-102026-09-062026-09-10-3.8%-7.8%21.4%38.3%
SLVSilverMetals / Miners / Crypto / OilSellBuyNew Sell3.34-0.28-0.682026-09-232026-09-182026-09-23-3.0%-2.8%10.6%33.1%
GLDGoldMetals / Miners / Crypto / OilSellSellNo Change3.44-0.29-0.562026-08-282026-07-212026-08-28-1.9%-3.3%5.8%18.9%
EWZBrazilInternational EquitySellSellNo Change3.45-0.30-0.182026-09-242026-09-212026-09-24-1.9%-2.7%3.1%19.3%
KRERegional BanksIndustriesSellSellNo Change4.66-0.440.022026-09-122026-09-062026-09-12-1.6%-4.9%-5.5%13.0%
XLFFinancialsUS SectorSellSellNo Change5.41-0.530.012026-09-012026-08-242026-09-01-1.8%-5.6%-2.6%11.1%
CL=FOilMetals / Miners / Crypto / OilSellBuyNew Sell5.73-0.57-0.202026-09-222026-08-312026-09-22-7.8%1.0%3.5%45.2%
XLEEnergyUS SectorSellSellNo Change5.88-0.59-0.162026-09-142026-09-112026-09-14-3.5%-3.2%4.1%17.7%
XLREReal EstateUS SectorSellSellNo Change7.42-0.77-0.382026-07-302026-07-252026-07-30-2.3%-5.4%-9.6%9.0%
LQDInvestment Grade Corporate BondsBonds / CreditSellSellNo Change7.58-0.79-1.052026-08-302026-08-192026-08-30-1.4%-2.2%-2.8%6.0%
ARGTArgentinaInternational EquitySellSellNo Change7.58-0.79-0.402026-09-152026-08-212026-09-15-4.1%-8.1%-4.9%14.6%
TLT20+ Year Treasury BondsBonds / CreditSellBuyNew Sell7.59-0.79-1.042026-09-232026-09-172026-09-23-2.4%-3.5%-4.7%8.5%
IAKInsuranceIndustriesSellSellNo Change7.63-0.80-0.432026-09-082026-09-062026-09-08-3.2%-5.1%-6.8%12.4%
HYGHigh Yield Corporate BondsBonds / CreditSellSellNo Change7.66-0.80-1.012026-09-232026-09-212026-09-23-0.9%-1.6%-1.7%3.9%
XLUUtilitiesUS SectorSellSellNo Change10.00-1.08-0.952026-09-102026-09-082026-09-10-3.9%-8.3%-14.6%12.0%

Backtest And Capture Tables

Same metrics, reorganized into smaller institutional blocks. Strategy metrics are paired next to ETF buy-and-hold comparisons where applicable.

Return And Volatility

TickerCurrent SignalStrategy Ann ReturnBuy Hold Ann ReturnExcess Ann ReturnStrategy Ann Vol
ETH-USDBuy77.0%10.1%66.9%34.2%
BTC-USDBuy90.0%26.6%63.4%33.2%
GDXSell64.1%3.1%61.0%22.5%
SILSell55.2%3.3%51.8%23.4%
SLVSell53.4%5.7%47.7%18.0%
CL=FSell46.8%0.6%46.2%21.0%
EWZSell37.4%-3.3%40.7%16.0%
KWEBBuy37.7%-0.3%38.0%20.1%
XLESell36.0%3.4%32.6%14.7%
KRESell35.8%5.3%30.5%15.9%
ARGTSell33.2%5.0%28.3%16.2%
XHBBuy33.0%8.8%24.2%14.0%
SMHBuy42.3%18.5%23.8%15.2%
EEMBuy23.8%2.1%21.6%10.9%
CPERBuy22.7%2.2%20.5%17.7%
GLDSell26.0%5.9%20.0%10.0%
XLFSell26.4%7.1%19.3%11.0%
IWMSell25.8%6.9%18.9%11.1%
XLBSell23.0%5.0%18.1%10.6%
INDABuy20.6%2.7%17.9%10.6%
XLUSell21.8%4.3%17.5%10.0%
EWJSell21.5%4.1%17.4%9.5%
EZUSell19.3%2.7%16.6%11.4%
TLTSell15.6%-0.6%16.2%8.9%
XLISell23.3%8.4%14.9%9.9%
XLKBuy28.0%13.6%14.4%10.6%
XLYSell23.5%9.4%14.1%10.2%
ACWXBuy15.7%2.8%13.0%9.7%
DAXSell15.2%2.6%12.6%9.8%
XLRESell13.8%1.5%12.3%7.9%
XLVBuy20.1%7.9%12.1%8.1%
IAKSell19.2%7.6%11.5%10.9%
QQQBuy24.7%13.4%11.3%9.6%
DIABuy18.1%7.4%10.7%7.9%
VOSell17.9%7.8%10.1%9.4%
SPYBuy19.1%9.1%10.1%7.9%
XLPSell14.1%5.2%8.9%7.3%
XLCBuy11.4%3.8%7.6%8.2%
HYGSell6.9%-0.6%7.4%4.1%
LQDSell7.3%-0.1%7.4%4.3%
SHYSell1.0%-0.1%1.1%0.9%

Sharpe / Sortino Quality

TickerCurrent SignalStrategy SharpeStrategy SortinoCalmar RatioPain RatioGain To Pain
SLVSell2.972.994.0118.412.16
GDXSell2.843.012.4922.831.97
SMHBuy2.792.932.6120.442.06
BTC-USDBuy2.712.832.5914.771.94
XLKBuy2.642.833.9219.552.08
GLDSell2.592.411.8114.551.97
QQQBuy2.572.453.2221.232.16
XLVBuy2.482.642.9116.551.98
XLESell2.442.533.3818.411.96
SPYBuy2.422.262.2319.042.12
XLFSell2.402.332.7018.632.00
XHBBuy2.362.451.8714.171.90
SILSell2.362.522.9011.971.77
XLISell2.362.312.4916.151.95
EWZSell2.342.292.7113.611.89
IWMSell2.332.353.1316.982.01
XLYSell2.302.232.1913.921.89
DIABuy2.282.142.5616.081.97
EWJSell2.262.402.5915.971.87
KRESell2.252.552.6715.721.88
ETH-USDBuy2.252.333.2011.121.90
CL=FSell2.232.162.8213.221.86
XLUSell2.182.242.1115.271.83
EEMBuy2.182.142.3113.241.86
XLBSell2.172.142.5015.431.82
ARGTSell2.052.193.3510.341.77
INDABuy1.941.872.2311.491.76
XLPSell1.931.791.1912.441.71
VOSell1.911.771.5910.741.69
KWEBBuy1.882.012.8911.851.85
IAKSell1.761.591.409.571.64
TLTSell1.751.601.468.121.63
XLRESell1.741.411.599.731.93
EZUSell1.691.571.199.041.63
LQDSell1.681.791.538.631.70
HYGSell1.661.561.7211.751.75
ACWXBuy1.611.521.918.531.54
DAXSell1.561.281.517.641.69
XLCBuy1.380.931.145.751.77
CPERBuy1.281.020.557.901.65
SHYSell1.120.921.404.431.48

Drawdown Defense

TickerCurrent SignalStrategy Max DDBuy Hold Max DDSignal Drawdown 52WETF Drawdown 52WDrawdown Saved 52WUlcer Index
SHYSell-0.7%-7.2%-0.4%-2.5%-2.2%0.00
HYGSell-4.0%-28.7%-1.4%-4.1%-2.7%0.01
VOSell-11.3%-39.7%-3.7%-8.5%-4.8%0.02
XLBSell-9.2%-40.2%-6.9%-12.4%-5.4%0.02
IAKSell-13.7%-44.9%-3.3%-9.5%-6.2%0.03
EEMBuy-10.3%-43.7%-8.0%-14.2%-6.2%0.02
LQDSell-4.8%-29.4%-1.4%-7.7%-6.3%0.01
ACWXBuy-8.2%-39.0%-4.7%-11.4%-6.7%0.02
XLPSell-11.9%-24.9%-3.1%-9.9%-6.9%0.01
SPYBuy-8.6%-34.1%-2.2%-9.1%-7.0%0.01
DIABuy-7.1%-37.1%-3.0%-10.1%-7.0%0.01
XLRESell-8.6%-39.3%-1.9%-9.7%-7.7%0.01
ARGTSell-9.9%-62.6%-9.0%-16.9%-7.9%0.03
XLVBuy-6.9%-28.8%-2.8%-10.8%-8.0%0.01
DAXSell-10.1%-48.6%-6.2%-14.8%-8.6%0.02
XLISell-9.4%-42.8%-3.7%-12.5%-8.7%0.02
XLCBuy-10.0%-47.2%-3.4%-12.2%-8.8%0.02
CPERBuy-41.1%-57.8%-7.3%-16.4%-9.1%0.03
IWMSell-8.2%-42.3%-1.8%-11.2%-9.4%0.02
XLESell-10.6%-76.7%-6.1%-15.6%-9.5%0.02
XLFSell-9.8%-43.3%-2.6%-12.2%-9.6%0.02
EZUSell-16.2%-44.8%-3.4%-13.1%-9.6%0.03
QQQBuy-7.7%-35.6%-2.1%-11.8%-9.7%0.01
TLTSell-10.7%-53.8%-2.5%-12.7%-10.1%0.03
INDABuy-9.2%-46.1%-5.2%-15.5%-10.3%0.02
EWJSell-8.3%-34.6%-2.2%-13.6%-11.4%0.02
KRESell-13.4%-57.2%-3.5%-15.0%-11.4%0.03
XLUSell-10.3%-36.7%-5.8%-17.5%-11.7%0.02
GLDSell-14.3%-45.6%-14.3%-26.4%-12.1%0.03
XLYSell-10.7%-40.3%-2.1%-14.2%-12.1%0.02
EWZSell-13.8%-78.8%-6.9%-19.3%-12.4%0.03
XLKBuy-7.1%-34.0%-3.6%-16.0%-12.4%0.02
XHBBuy-17.7%-49.8%-4.5%-21.8%-17.3%0.03
SMHBuy-16.2%-45.3%-4.6%-24.6%-20.0%0.02
BTC-USDBuy-34.8%-83.4%-15.1%-38.4%-23.3%0.06
SILSell-19.0%-83.4%-14.2%-39.5%-25.3%0.05
KWEBBuy-13.1%-82.2%-8.0%-34.9%-26.9%0.03
CL=FSell-16.6%-133.0%-11.9%-39.3%-27.4%0.04
GDXSell-25.8%-81.3%-8.6%-38.9%-30.3%0.03
ETH-USDBuy-24.1%-94.0%-17.7%-52.7%-35.0%0.06
SLVSell-13.3%-76.3%-13.3%-52.3%-39.0%0.03

Capture Profile

TickerCurrent SignalUpside CaptureDownside CaptureCapture SpreadWorst Decile DefenseBest Decile Participation
SLVSell62.3%31.1%31.2%74.8%69.2%
GDXSell61.3%32.7%28.6%75.1%67.9%
GLDSell64.1%35.8%28.3%70.8%69.8%
XLESell56.6%30.6%26.1%76.1%59.3%
KWEBBuy58.7%32.8%25.9%74.7%63.0%
CL=FSell51.9%26.4%25.5%80.1%53.3%
XLUSell59.0%34.7%24.3%72.4%62.0%
SILSell58.7%35.0%23.8%70.3%62.4%
ETH-USDBuy57.2%33.6%23.6%78.3%62.0%
BTC-USDBuy59.0%35.6%23.4%69.5%66.0%
KRESell54.2%30.8%23.3%77.9%57.5%
XLFSell52.1%28.8%23.3%80.3%50.6%
EWZSell49.5%26.3%23.2%81.3%52.5%
LQDSell56.7%33.5%23.2%73.3%57.9%
EWJSell53.1%30.3%22.7%78.8%53.7%
XLRESell49.4%26.7%22.7%80.3%47.1%
ARGTSell57.2%34.7%22.6%71.1%59.0%
SMHBuy51.8%29.6%22.2%77.8%50.3%
INDABuy55.1%33.0%22.1%74.3%54.5%
XHBBuy52.6%30.6%22.0%76.3%54.2%
XLVBuy51.5%29.5%22.0%79.2%49.0%
XLISell51.9%29.9%22.0%77.2%50.5%
TLTSell56.9%35.0%21.9%69.9%64.1%
EEMBuy49.4%27.6%21.8%80.3%50.3%
HYGSell50.3%28.5%21.8%78.6%50.6%
XLKBuy49.3%27.8%21.5%82.3%44.1%
IWMSell47.1%25.6%21.5%82.6%46.9%
CPERBuy59.6%38.3%21.3%66.7%63.5%
DIABuy50.0%28.8%21.3%78.8%45.4%
XLBSell51.5%30.5%21.1%78.2%50.0%
SPYBuy46.0%25.0%21.0%83.5%40.4%
DAXSell55.2%34.6%20.6%72.4%56.8%
QQQBuy45.1%24.7%20.4%83.2%39.6%
XLYSell50.6%30.4%20.3%77.1%48.0%
XLCBuy53.3%33.4%20.0%73.6%51.1%
XLPSell53.5%34.7%18.9%73.6%52.3%
SHYSell53.6%35.5%18.1%67.5%57.5%
EZUSell49.3%31.7%17.6%75.8%46.0%
VOSell51.9%34.5%17.4%73.1%45.7%
ACWXBuy54.8%37.5%17.3%71.4%50.4%
IAKSell52.6%35.8%16.8%71.2%51.8%

Regime Separation

TickerCurrent SignalETF Ann Return While BuyETF Ann Return While SellBuy Minus Sell Return SpreadExposure
ETH-USDBuy234.0%-157.2%391.2%28.3%
BTC-USDBuy179.0%-82.3%261.3%37.2%
GDXSell104.5%-86.7%191.2%48.7%
CL=FSell89.2%-93.5%182.7%44.7%
SILSell96.4%-74.2%170.6%47.3%
SLVSell92.1%-68.3%160.4%47.2%
KWEBBuy82.5%-73.6%156.1%40.9%
EWZSell75.9%-56.9%132.8%42.1%
XLESell65.9%-49.9%115.8%47.3%
KRESell69.0%-46.4%115.4%46.4%
ARGTSell61.1%-47.2%108.4%47.5%
SMHBuy73.7%-32.3%106.1%48.4%
XHBBuy63.1%-36.1%99.1%46.4%
CPERBuy47.9%-37.9%85.7%45.6%
EEMBuy49.3%-32.9%82.2%43.5%
IWMSell54.5%-27.6%82.1%42.9%
XLFSell50.1%-31.2%81.3%48.0%
GLDSell44.2%-36.2%80.4%52.3%
XLBSell43.8%-29.3%73.2%47.8%
INDABuy39.4%-32.8%72.2%45.8%
XLKBuy48.9%-22.2%71.2%50.5%
EWJSell41.4%-29.4%70.8%47.7%
XLUSell38.9%-30.5%69.5%50.6%
XLISell45.0%-24.5%69.5%47.7%
XLYSell44.6%-22.9%67.5%48.4%
XLRESell38.8%-28.4%67.2%32.8%
DAXSell36.9%-29.0%65.9%38.8%
QQQBuy47.5%-16.6%64.1%46.8%
XLCBuy38.0%-25.4%63.5%27.8%
EZUSell36.5%-26.7%63.2%48.2%
TLTSell31.9%-27.4%59.3%45.4%
XLVBuy37.8%-19.9%57.6%48.2%
IAKSell36.6%-20.0%56.6%50.0%
SPYBuy37.1%-16.0%53.1%47.4%
ACWXBuy27.3%-25.2%52.5%54.4%
DIABuy33.4%-18.4%51.8%50.1%
VOSell32.4%-18.5%50.9%52.5%
XLPSell26.9%-16.2%43.1%49.8%
LQDSell14.3%-14.2%28.4%49.1%
HYGSell14.3%-13.3%27.6%45.7%
SHYSell2.2%-1.9%4.1%44.0%

Trading Friction / Durability

TickerCurrent SignalTrades / YearReturn Per TradeAvg Buy Hold DaysAvg Sell Hold DaysWhipsaw Rate
ETH-USDBuy9.907.8%141576.6%
BTC-USDBuy12.707.1%151676.4%
GDXSell17.443.7%141478.2%
SLVSell15.643.4%151772.8%
SILSell16.633.3%141576.6%
KWEBBuy13.332.8%151675.2%
CL=FSell16.542.8%141674.2%
SMHBuy17.492.4%141574.9%
EWZSell16.632.2%131776.3%
ARGTSell15.092.2%161573.6%
XLESell16.632.2%141674.9%
KRESell17.812.0%131578.9%
XHBBuy17.311.9%131576.2%
XLKBuy16.041.7%161573.7%
XLFSell16.181.6%151672.8%
IWMSell15.911.6%141873.5%
CPERBuy14.011.6%161675.7%
GLDSell16.271.6%161473.5%
EEMBuy16.131.5%141772.5%
QQQBuy16.771.5%141677.0%
XLYSell16.271.4%151672.1%
XLISell16.361.4%151673.7%
INDABuy14.691.4%161575.9%
EWJSell16.001.3%151675.4%
XLBSell17.541.3%141577.0%
XLVBuy16.221.2%151676.5%
XLUSell17.901.2%141479.5%
XLCBuy9.361.2%151482.5%
SPYBuy16.131.2%151673.6%
DAXSell12.931.2%151577.9%
EZUSell16.721.2%151577.0%
IAKSell16.811.1%151573.6%
XLRESell12.201.1%141677.7%
VOSell16.001.1%171575.1%
DIABuy16.501.1%151575.3%
ACWXBuy16.041.0%171474.3%
XLPSell16.270.9%151575.8%
TLTSell18.080.9%131578.7%
HYGSell16.270.4%141673.0%
LQDSell17.440.4%141478.7%
SHYSell17.260.1%131676.1%

Individual ETF Price Charts And Backtests

Each price and backtest chart starts at the selected chart date and is shaded green while VAMS is Buy and red while VAMS is Sell.

Method Notes

Signal definition and calculation guardrails.

VAMS Framework

Proprietary volatility-adjusted momentum process with confirmation logic. The deck reports the resulting Buy/Sell state and historical performance, not the underlying trigger recipe.

Backtest Convention

Buy is modeled as 100% ETF exposure. Sell is modeled as cash exposure. Strategy returns use prior-day signal to avoid look-ahead bias.

Capture Ratios

Upside capture is strategy return summed on ETF up days divided by ETF return summed on ETF up days. Downside capture uses ETF down days, so lower downside capture is better.