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 OfMay 29, 2026
ETF Universe41
Current Buy Rate56%
New Buys / Sells13 / 5week over week

Executive Summary

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

Executive Read

The VAMS tape is 56% Buy across the ETF universe with an average current score of 0.13. Week over week, 13 ETFs flipped to Buy and 5 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

QQQ, VO, XLK, XLY, XLI, XLB, SMH, EWJ, ARGT, ACWX, SHY, TLT, LQD

Fresh Sells

XLF, XLE, XLV, XLP, IAK

Best Capture Spread

SLV, GDX, GLD, KWEB, XLE

Best 52W Drawdown Defense

SHY, HYG, LQD, VO, IWM

Strong Active Buys

ARGT, XLK, EEM, LQD, QQQ, TLT, XLY, IWM

Weak Active Sells

IAK, XLE, BTC-USD, CL=F, ETH-USD, XLU, XLF, XLP

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.

Buy Regime Ann Return

Annualized ETF return observed while the prior-day VAMS state is Buy.

Sell Regime Ann Return

Annualized ETF return observed while the prior-day VAMS state is Sell.

Regime Return Spread

Buy Regime Ann Return minus Sell Regime Ann Return.

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 Return23.7%
Median Buy/Hold Ann Return5.2%
Median Excess Ann Return17.4%
Median Strategy Sharpe2.23
Median Strategy Sortino2.24
Median Calmar Ratio2.45
Median Strategy Max DD-10.3%
Median ETF Buy/Hold Max DD-44.8%
Median 52W DD Saved-8.9%
Median Upside Capture53%
Median Downside Capture32%
Median Capture Spread22%
Median Worst-Decile Defense76%
Median Regime Return Spread70.7%
Median Exposure47%
Median Trades / Year16.26
Median Whipsaw Rate75%

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
ARGTArgentinaBuy0.830.479.052026-05-277.3%9.9%
XLKTechnologyBuy0.56-0.036.372026-05-266.5%43.8%
EEMEmerging MarketsBuy0.550.236.322026-05-241.0%24.3%
LQDInvestment Grade Corporate BondsBuy0.54-0.176.232026-05-260.1%1.5%
QQQNasdaq 100Buy0.530.106.092026-05-263.4%30.8%
TLT20+ Year Treasury BondsBuy0.53-0.266.082026-05-25-0.4%0.1%
XLYConsumer DiscretionaryBuy0.48-0.165.582026-05-271.5%15.5%
IWMRussell 2000Buy0.46-0.325.402026-05-212.8%20.1%
XLBMaterialsBuy0.45-0.065.302026-05-26-0.4%5.0%
SMHSemiconductorsBuy0.41-0.154.902026-05-265.9%60.3%
SHY1-3 Year Treasury NotesBuy0.380.194.672026-05-28-0.0%-0.2%
SPYS&P 500Buy0.35-0.064.352026-04-082.3%19.0%

Worst Current Signals

TickerNameCurrent SignalCurrent VAMSVAMS 5D ChangeSignal StrengthSignal Since1M Return3M Return
IAKInsuranceSell-0.93-0.9310.002026-05-26-0.5%3.2%
XLEEnergySell-0.62-0.206.942026-05-272.2%-9.0%
BTC-USDBitcoinSell-0.56-0.596.402026-05-15-8.5%10.6%
CL=FOilSell-0.460.015.402026-05-20-8.2%-12.1%
ETH-USDEthereumSell-0.39-0.354.732026-05-15-13.1%0.7%
XLUUtilitiesSell-0.38-0.914.602026-05-05-0.2%-2.1%
XLFFinancialsSell-0.37-0.794.512026-05-270.1%7.2%
XLPConsumer StaplesSell-0.120.302.102026-05-260.3%3.2%
KWEBChina TechSell-0.110.472.022026-05-15-9.8%-4.5%
EWZBrazilSell-0.10-0.261.932026-04-23-7.7%-1.4%
XLREReal EstateBuy-0.09-0.471.822026-05-240.0%11.0%
GLDGoldSell-0.04-0.121.342026-04-21-4.8%-0.5%

Fastest Improving

TickerNameCurrent SignalCurrent VAMSVAMS 5D ChangeSignal StrengthSignal Since1M Return3M Return
KWEBChina TechSell-0.110.472.022026-05-15-9.8%-4.5%
ARGTArgentinaBuy0.830.479.052026-05-277.3%9.9%
XLCCommunicationsSell0.290.383.812026-04-21-0.2%9.0%
XLPConsumer StaplesSell-0.120.302.102026-05-260.3%3.2%
EEMEmerging MarketsBuy0.550.236.322026-05-241.0%24.3%
SHY1-3 Year Treasury NotesBuy0.380.194.672026-05-28-0.0%-0.2%
SILSilver MinersSell0.240.113.282026-05-15-6.4%8.1%
GDXGold MinersSell0.210.103.002026-05-15-7.8%1.6%
QQQNasdaq 100Buy0.530.106.092026-05-263.4%30.8%
DAXGermanyBuy0.300.083.902026-05-061.7%14.2%
CL=FOilSell-0.460.015.402026-05-20-8.2%-12.1%
EWJJapanBuy0.21-0.022.962026-05-260.5%13.8%

Fastest Deteriorating

TickerNameCurrent SignalCurrent VAMSVAMS 5D ChangeSignal StrengthSignal Since1M Return3M Return
IAKInsuranceSell-0.93-0.9310.002026-05-26-0.5%3.2%
XLUUtilitiesSell-0.38-0.914.602026-05-05-0.2%-2.1%
XLFFinancialsSell-0.37-0.794.512026-05-270.1%7.2%
BTC-USDBitcoinSell-0.56-0.596.402026-05-15-8.5%10.6%
DIADow JonesBuy0.05-0.581.442026-05-212.2%12.3%
XLREReal EstateBuy-0.09-0.471.822026-05-240.0%11.0%
KRERegional BanksBuy0.06-0.451.462026-05-20-0.4%9.8%
CPERCopperBuy0.05-0.401.432026-05-222.1%16.8%
VOMidcapsBuy0.27-0.393.582026-05-262.1%11.5%
ETH-USDEthereumSell-0.39-0.354.732026-05-15-13.1%0.7%
IWMRussell 2000Buy0.46-0.325.402026-05-212.8%20.1%
XHBHomebuildersBuy0.31-0.283.992026-05-200.3%6.5%

Highest Sharpe

TickerNameCurrent SignalStrategy SharpeCalmar RatioStrategy Max DDSignal Drawdown 52WETF Drawdown 52WDrawdown Saved 52W
GDXGold MinersSell5.5317.78-6.8%-0.07-0.31-0.24
SILSilver MinersSell4.067.26-14.2%-0.14-0.33-0.19
SLVSilverSell4.027.86-13.3%-0.13-0.42-0.29
SMHSemiconductorsBuy3.4511.43-5.0%-0.05-0.15-0.10
XLKTechnologyBuy3.378.49-5.4%-0.04-0.16-0.12
QQQNasdaq 100Buy3.078.02-4.3%-0.02-0.12-0.10
EWZBrazilSell3.045.34-6.9%-0.07-0.14-0.07
XLEEnergySell3.015.73-6.5%-0.06-0.12-0.06
ACWXWorld Ex. U.S.Buy3.006.96-4.1%-0.03-0.11-0.09
EEMEmerging MarketsBuy2.989.94-3.1%-0.03-0.14-0.10
CPERCopperBuy2.856.58-7.3%-0.07-0.16-0.09
XHBHomebuildersBuy2.797.57-5.8%-0.05-0.22-0.17

Lowest Sharpe

TickerNameCurrent SignalStrategy SharpeCalmar RatioStrategy Max DDSignal Drawdown 52WETF Drawdown 52WDrawdown Saved 52W
XLVHealthcareSell1.673.40-4.2%-0.03-0.11-0.08
INDAIndiaSell1.722.45-6.1%-0.05-0.18-0.13
BTC-USDBitcoinSell1.742.68-15.9%-0.16-0.50-0.34
EZUEuropeSell1.783.49-4.3%-0.03-0.13-0.10
SHY1-3 Year Treasury NotesBuy1.822.82-0.6%-0.01-0.01-0.01
TLT20+ Year Treasury BondsBuy1.853.52-3.5%-0.02-0.10-0.08
XLPConsumer StaplesSell1.904.80-2.7%-0.03-0.10-0.07
VOMidcapsBuy1.932.82-6.2%-0.04-0.09-0.05
LQDInvestment Grade Corporate BondsBuy2.084.57-1.6%-0.02-0.05-0.04
HYGHigh Yield Corporate BondsBuy2.113.67-1.4%-0.01-0.03-0.02
IAKInsuranceSell2.145.45-3.2%-0.03-0.09-0.07
DAXGermanyBuy2.293.68-6.2%-0.06-0.15-0.09

Best Trailing 52W Drawdown Defense

TickerNameCurrent SignalStrategy SharpeCalmar RatioStrategy Max DDSignal Drawdown 52WETF Drawdown 52WDrawdown Saved 52W
SHY1-3 Year Treasury NotesBuy1.822.82-0.6%-0.01-0.01-0.01
HYGHigh Yield Corporate BondsBuy2.113.67-1.4%-0.01-0.03-0.02
LQDInvestment Grade Corporate BondsBuy2.084.57-1.6%-0.02-0.05-0.04
VOMidcapsBuy1.932.82-6.2%-0.04-0.09-0.05
IWMRussell 2000Buy2.435.75-5.0%-0.05-0.11-0.06
XLEEnergySell3.015.73-6.5%-0.06-0.12-0.06
IAKInsuranceSell2.145.45-3.2%-0.03-0.09-0.07
XLUUtilitiesSell2.535.56-3.8%-0.03-0.10-0.07
XLREReal EstateBuy2.547.55-2.4%-0.02-0.09-0.07
EWZBrazilSell3.045.34-6.9%-0.07-0.14-0.07
DIADow JonesBuy2.557.48-2.9%-0.03-0.10-0.07
SPYS&P 500Buy2.414.96-4.4%-0.02-0.09-0.07

Worst Trailing 52W Drawdown Defense

TickerNameCurrent SignalStrategy SharpeCalmar RatioStrategy Max DDSignal Drawdown 52WETF Drawdown 52WDrawdown Saved 52W
ETH-USDEthereumSell2.555.59-17.7%-0.18-0.61-0.43
BTC-USDBitcoinSell1.742.68-15.9%-0.16-0.50-0.34
KWEBChina TechSell2.385.72-9.0%-0.06-0.38-0.32
SLVSilverSell4.027.86-13.3%-0.13-0.42-0.29
GDXGold MinersSell5.5317.78-6.8%-0.07-0.31-0.24
SILSilver MinersSell4.067.26-14.2%-0.14-0.33-0.19
XHBHomebuildersBuy2.797.57-5.8%-0.05-0.22-0.17
CL=FOilSell2.424.68-11.9%-0.12-0.26-0.14
INDAIndiaSell1.722.45-6.1%-0.05-0.18-0.13
XLFFinancialsSell2.416.72-3.4%-0.03-0.15-0.13
XLKTechnologyBuy3.378.49-5.4%-0.04-0.16-0.12
XLYConsumer DiscretionaryBuy2.346.26-4.3%-0.03-0.15-0.12

Best Upside / Downside Capture

TickerNameCurrent SignalUpside CaptureDownside CaptureCapture SpreadCalmar RatioExcess Ann Return
GDXGold MinersSell69.5%30.5%39.0%17.7882.6%
KWEBChina TechSell67.2%34.2%33.0%5.7256.2%
XHBHomebuildersBuy58.2%26.2%32.0%7.5744.6%
XLEEnergySell62.0%30.2%31.8%5.7330.3%
SLVSilverSell71.3%40.7%30.6%7.8663.3%
XLKTechnologyBuy55.5%25.7%29.8%8.4923.2%
XLBMaterialsBuy59.7%30.0%29.6%6.1121.3%
CPERCopperBuy65.5%35.9%29.6%6.5836.9%
EWZBrazilSell55.0%25.5%29.6%5.3433.1%
ACWXWorld Ex. U.S.Buy67.4%38.0%29.4%6.9615.5%
KRERegional BanksBuy61.9%32.6%29.3%5.2831.0%
QQQNasdaq 100Buy51.3%22.1%29.3%8.0215.0%

Weakest Upside / Downside Capture

TickerNameCurrent SignalUpside CaptureDownside CaptureCapture SpreadCalmar RatioExcess Ann Return
EZUEuropeSell44.6%30.8%13.8%3.494.0%
BTC-USDBitcoinSell48.0%32.5%15.6%2.6837.8%
XLPConsumer StaplesSell53.7%34.0%19.7%4.809.3%
VOMidcapsBuy58.9%39.1%19.8%2.828.0%
DAXGermanyBuy56.8%37.0%19.9%3.6810.3%
GLDGoldSell66.2%46.3%19.9%3.0510.0%
XLVHealthcareSell60.4%40.4%20.0%3.4012.0%
IAKInsuranceSell49.1%28.4%20.7%5.4513.0%
SHY1-3 Year Treasury NotesBuy54.0%32.8%21.2%2.821.3%
SMHSemiconductorsBuy49.3%27.2%22.1%11.4317.1%
HYGHigh Yield Corporate BondsBuy52.3%30.1%22.2%3.673.7%
XLREReal EstateBuy47.8%25.5%22.3%7.5511.6%

Best Downside-Adjusted Quality

TickerNameCurrent SignalStrategy SortinoPain RatioGain To PainWorst Decile DefenseBest Decile ParticipationRegime Return Spread
GDXGold MinersSell6.9652.652.8879.5%75.1%245.5%
SILSilver MinersSell4.1326.972.2572.2%71.0%208.0%
SLVSilverSell4.0637.112.2667.0%79.3%211.1%
ETH-USDEthereumSell4.0415.871.7181.6%64.5%301.5%
ACWXWorld Ex. U.S.Buy3.8723.712.1872.6%69.1%74.0%
ARGTArgentinaBuy3.7516.932.1376.7%61.6%142.0%
XLKTechnologyBuy3.6332.572.7281.9%57.7%109.5%
XHBHomebuildersBuy3.5522.672.2680.3%68.1%152.6%
SMHSemiconductorsBuy3.5524.852.3779.1%45.7%115.7%
KRERegional BanksBuy3.3419.172.1776.3%70.6%121.0%
XLIIndustrialsBuy3.3427.042.3375.0%60.5%79.0%
QQQNasdaq 100Buy3.3339.182.9786.7%53.6%89.4%

Weakest Downside-Adjusted Quality

TickerNameCurrent SignalStrategy SortinoPain RatioGain To PainWorst Decile DefenseBest Decile ParticipationRegime Return Spread
INDAIndiaSell1.3411.711.7876.6%60.7%59.5%
SHY1-3 Year Treasury NotesBuy1.579.031.7476.4%54.5%5.9%
GLDGoldSell1.839.661.8858.2%65.0%68.0%
XLVHealthcareSell1.838.721.5765.9%60.0%52.0%
TLT20+ Year Treasury BondsBuy1.9111.901.6974.3%59.0%51.5%
XLPConsumer StaplesSell1.9413.681.7174.3%59.0%42.1%
IAKInsuranceSell1.9514.451.8775.3%52.2%61.5%
EZUEuropeSell1.987.891.7081.1%45.4%39.7%
BTC-USDBitcoinSell2.008.381.5672.7%54.8%134.0%
HYGHigh Yield Corporate BondsBuy2.0213.291.8779.4%50.3%17.0%
VOMidcapsBuy2.0515.011.7867.7%60.2%48.3%
CL=FOilSell2.1218.852.0773.2%66.8%180.6%

Most Durable Signal Behavior

TickerNameCurrent SignalReturn Per TradeTrades / YearAvg Buy Hold DaysAvg Sell Hold DaysWhipsaw RateExposure
KWEBChina TechSell3.7%14.00171970.7%45.6%
ETH-USDEthereumSell6.1%16.33151670.8%48.0%
XLYConsumer DiscretionaryBuy1.7%15.67141971.7%41.1%
XHBHomebuildersBuy3.0%14.67142072.1%40.6%
HYGHigh Yield Corporate BondsBuy0.3%18.67131474.5%49.6%
EEMEmerging MarketsBuy1.9%16.33151675.0%48.9%
XLFFinancialsSell1.3%17.67131575.0%45.9%
ACWXWorld Ex. U.S.Buy1.7%16.67181275.5%60.1%
INDAIndiaSell0.9%16.67131775.5%43.0%
SILSilver MinersSell6.5%16.00181476.6%55.8%
VOMidcapsBuy1.1%16.00161576.6%50.3%
IAKInsuranceSell1.0%18.00121677.4%42.2%

Most Fragile Signal Behavior

TickerNameCurrent SignalReturn Per TradeTrades / YearAvg Buy Hold DaysAvg Sell Hold DaysWhipsaw RateExposure
XLEEnergySell1.9%19.67121489.7%46.0%
LQDInvestment Grade Corporate BondsBuy0.4%19.67121387.9%48.1%
CL=FOilSell2.7%21.00101487.1%39.6%
GDXGold MinersSell5.9%20.33141186.7%55.4%
XLUUtilitiesSell1.1%20.00121386.4%47.5%
BTC-USDBitcoinSell2.2%19.67111486.2%42.3%
ARGTArgentinaBuy2.8%18.33131585.2%47.4%
SLVSilverSell5.7%18.33171185.2%60.2%
SPYS&P 500Buy1.3%17.33131684.3%43.4%
EWJJapanBuy1.9%15.67171582.6%53.0%
XLVHealthcareSell0.7%19.33151182.5%55.2%
EWZBrazilSell1.9%19.33121482.5%43.8%

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.

GroupBuy %New BuysNew SellsAvg VAMSAvg 1M ReturnAvg CalmarAvg Upside CaptureAvg Downside CaptureAvg Capture SpreadTickers
Bonds / Credit100.0%300.44-0.1%1.5554.6%33.5%21.1%4
US Index / Size100.0%200.332.6%2.5748.2%27.8%20.4%5
Industries75.0%11-0.041.3%2.1553.1%31.9%21.2%4
International Equity55.6%300.26-0.8%2.3253.6%32.0%21.6%9
US Sector45.5%440.051.4%2.3852.7%30.7%22.0%11
Metals / Miners / Crypto / Oil12.5%00-0.12-6.7%2.5759.2%33.6%25.6%8

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
ARGTArgentinaInternational EquityBuySellNew Buy9.050.830.472026-05-272026-05-272026-04-236.3%7.3%9.9%28.2%
XLKTechnologyUS SectorBuySellNew Buy6.370.56-0.032026-05-262026-05-262026-05-183.6%6.5%43.8%19.7%
LQDInvestment Grade Corporate BondsBonds / CreditBuySellNew Buy6.230.54-0.172026-05-262026-05-262026-04-240.8%0.1%1.5%4.8%
QQQNasdaq 100US Index / SizeBuySellNew Buy6.090.530.102026-05-262026-05-262026-05-182.5%3.4%30.8%13.7%
TLT20+ Year Treasury BondsBonds / CreditBuySellNew Buy6.080.53-0.262026-05-252026-05-252026-05-121.3%-0.4%0.1%8.1%
XLYConsumer DiscretionaryUS SectorBuySellNew Buy5.580.48-0.162026-05-272026-05-272026-04-232.4%1.5%15.5%13.3%
XLBMaterialsUS SectorBuySellNew Buy5.300.45-0.062026-05-262026-05-262026-05-152.1%-0.4%5.0%16.8%
SMHSemiconductorsIndustriesBuySellNew Buy4.900.41-0.152026-05-262026-05-262026-05-164.1%5.9%60.3%33.1%
SHY1-3 Year Treasury NotesBonds / CreditBuySellNew Buy4.670.380.192026-05-282026-05-282026-04-230.2%-0.0%-0.2%1.4%
ACWXWorld Ex. U.S.International EquityBuySellNew Buy4.060.32-0.032026-05-262026-05-262026-04-231.8%0.9%15.3%17.5%
VOMidcapsUS Index / SizeBuySellNew Buy3.580.27-0.392026-05-262026-05-262026-05-110.9%2.1%11.5%9.8%
XLIIndustrialsUS SectorBuySellNew Buy3.000.21-0.092026-05-272026-05-272026-05-161.2%0.3%9.2%16.2%
EWJJapanInternational EquityBuySellNew Buy2.960.21-0.022026-05-262026-05-262026-05-181.2%0.5%13.8%14.9%

New Sells

TickerNameGroupCurrent SignalPrior Week SignalWoW Signal ChangeSignal StrengthCurrent VAMSVAMS 5D ChangeSignal SinceLast Buy DateLast Sell Date5D Return1M Return3M Return30D Vol
IAKInsuranceIndustriesSellBuyNew Sell10.00-0.93-0.932026-05-262026-05-182026-05-26-3.4%-0.5%3.2%10.6%
XLEEnergyUS SectorSellBuyNew Sell6.94-0.62-0.202026-05-272026-05-122026-05-27-4.3%2.2%-9.0%22.8%
XLFFinancialsUS SectorSellBuyNew Sell4.51-0.37-0.792026-05-272026-04-302026-05-27-1.3%0.1%7.2%9.0%
XLPConsumer StaplesUS SectorSellBuyNew Sell2.10-0.120.302026-05-262026-05-162026-05-26-0.4%0.3%3.2%10.9%
XLVHealthcareUS SectorSellBuyNew Sell2.530.16-0.272026-05-272026-05-132026-05-270.7%5.2%5.3%12.1%

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
ARGTArgentinaInternational EquityBuySellNew Buy9.050.830.472026-05-272026-05-272026-04-236.3%7.3%9.9%28.2%
XLKTechnologyUS SectorBuySellNew Buy6.370.56-0.032026-05-262026-05-262026-05-183.6%6.5%43.8%19.7%
EEMEmerging MarketsInternational EquityBuyBuyNo Change6.320.550.232026-05-242026-05-242026-05-154.1%1.0%24.3%24.2%
LQDInvestment Grade Corporate BondsBonds / CreditBuySellNew Buy6.230.54-0.172026-05-262026-05-262026-04-240.8%0.1%1.5%4.8%
QQQNasdaq 100US Index / SizeBuySellNew Buy6.090.530.102026-05-262026-05-262026-05-182.5%3.4%30.8%13.7%
TLT20+ Year Treasury BondsBonds / CreditBuySellNew Buy6.080.53-0.262026-05-252026-05-252026-05-121.3%-0.4%0.1%8.1%
XLYConsumer DiscretionaryUS SectorBuySellNew Buy5.580.48-0.162026-05-272026-05-272026-04-232.4%1.5%15.5%13.3%
IWMRussell 2000US Index / SizeBuyBuyNo Change5.400.46-0.322026-05-212026-05-212026-04-292.4%2.8%20.1%16.7%
XLBMaterialsUS SectorBuySellNew Buy5.300.45-0.062026-05-262026-05-262026-05-152.1%-0.4%5.0%16.8%
SMHSemiconductorsIndustriesBuySellNew Buy4.900.41-0.152026-05-262026-05-262026-05-164.1%5.9%60.3%33.1%
SHY1-3 Year Treasury NotesBonds / CreditBuySellNew Buy4.670.380.192026-05-282026-05-282026-04-230.2%-0.0%-0.2%1.4%
SPYS&P 500US Index / SizeBuyBuyNo Change4.350.35-0.062026-04-082026-04-082026-02-231.2%2.3%19.0%8.5%
ACWXWorld Ex. U.S.International EquityBuySellNew Buy4.060.32-0.032026-05-262026-05-262026-04-231.8%0.9%15.3%17.5%
HYGHigh Yield Corporate BondsBonds / CreditBuyBuyNo Change3.990.31-0.182026-05-202026-05-202026-04-230.4%0.1%1.9%3.8%
XHBHomebuildersIndustriesBuyBuyNo Change3.990.31-0.282026-05-202026-05-202026-04-292.8%0.3%6.5%26.9%
DAXGermanyInternational EquityBuyBuyNo Change3.900.300.082026-05-062026-05-062026-04-291.9%1.7%14.2%19.4%
VOMidcapsUS Index / SizeBuySellNew Buy3.580.27-0.392026-05-262026-05-262026-05-110.9%2.1%11.5%9.8%
XLIIndustrialsUS SectorBuySellNew Buy3.000.21-0.092026-05-272026-05-272026-05-161.2%0.3%9.2%16.2%
EWJJapanInternational EquityBuySellNew Buy2.960.21-0.022026-05-262026-05-262026-05-181.2%0.5%13.8%14.9%
KRERegional BanksIndustriesBuyBuyNo Change1.460.06-0.452026-05-202026-05-202026-05-110.3%-0.4%9.8%15.1%
DIADow JonesUS Index / SizeBuyBuyNo Change1.440.05-0.582026-05-212026-05-212026-05-190.2%2.2%12.3%9.6%
CPERCopperMetals / Miners / Crypto / OilBuyBuyNo Change1.430.05-0.402026-05-222026-05-222026-05-160.4%2.1%16.8%26.3%
XLREReal EstateUS SectorBuyBuyNo Change1.82-0.09-0.472026-05-242026-05-242026-05-14-0.3%0.0%11.0%10.4%
XLCCommunicationsUS SectorSellSellNo Change3.810.290.382026-04-212026-03-312026-04-211.0%-0.2%9.0%8.9%
SILSilver MinersMetals / Miners / Crypto / OilSellSellNo Change3.280.240.112026-05-152026-05-062026-05-153.3%-6.4%8.1%48.3%
GDXGold MinersMetals / Miners / Crypto / OilSellSellNo Change3.000.210.102026-05-152026-05-062026-05-152.5%-7.8%1.6%42.2%
EZUEuropeInternational EquitySellSellNo Change2.720.18-0.212026-05-112026-05-062026-05-111.2%1.4%14.2%20.6%
XLVHealthcareUS SectorSellBuyNew Sell2.530.16-0.272026-05-272026-05-132026-05-270.7%5.2%5.3%12.1%
INDAIndiaInternational EquitySellSellNo Change2.060.12-0.272026-05-112026-04-012026-05-110.6%-2.3%6.3%14.7%
SLVSilverMetals / Miners / Crypto / OilSellSellNo Change1.000.01-0.142026-05-152026-05-072026-05-150.0%-6.4%7.8%48.1%
GLDGoldMetals / Miners / Crypto / OilSellSellNo Change1.34-0.04-0.122026-04-212026-04-182026-04-21-0.3%-4.8%-0.5%16.5%
EWZBrazilInternational EquitySellSellNo Change1.93-0.10-0.262026-04-232026-03-312026-04-23-0.7%-7.7%-1.4%22.9%
KWEBChina TechInternational EquitySellSellNo Change2.02-0.110.472026-05-152026-05-042026-05-15-0.9%-9.8%-4.5%29.7%
XLPConsumer StaplesUS SectorSellBuyNew Sell2.10-0.120.302026-05-262026-05-162026-05-26-0.4%0.3%3.2%10.9%
XLFFinancialsUS SectorSellBuyNew Sell4.51-0.37-0.792026-05-272026-04-302026-05-27-1.3%0.1%7.2%9.0%
XLUUtilitiesUS SectorSellSellNo Change4.60-0.38-0.912026-05-052026-04-262026-05-05-1.6%-0.2%-2.1%14.3%
ETH-USDEthereumMetals / Miners / Crypto / OilSellSellNo Change4.73-0.39-0.352026-05-152026-04-012026-05-15-4.5%-13.1%0.7%24.2%
CL=FOilMetals / Miners / Crypto / OilSellSellNo Change5.40-0.460.012026-05-202026-05-182026-05-20-9.3%-8.2%-12.1%47.7%
BTC-USDBitcoinMetals / Miners / Crypto / OilSellSellNo Change6.40-0.56-0.592026-05-152026-05-042026-05-15-4.7%-8.5%10.6%22.1%
XLEEnergyUS SectorSellBuyNew Sell6.94-0.62-0.202026-05-272026-05-122026-05-27-4.3%2.2%-9.0%22.8%
IAKInsuranceIndustriesSellBuyNew Sell10.00-0.93-0.932026-05-262026-05-182026-05-26-3.4%-0.5%3.2%10.6%

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-USDSell75.0%8.8%66.1%34.1%
BTC-USDSell89.4%26.4%63.0%33.4%
GDXSell63.1%2.8%60.2%22.3%
SILSell54.3%3.4%50.9%23.2%
SLVSell53.5%6.6%46.9%18.0%
CL=FSell45.5%0.3%45.1%20.7%
EWZSell37.3%-3.4%40.7%16.0%
KWEBSell38.4%0.1%38.3%20.2%
XLESell35.6%3.1%32.5%14.8%
KREBuy36.2%5.3%30.9%16.0%
ARGTBuy34.0%5.5%28.5%16.2%
XHBBuy33.3%9.2%24.1%13.9%
SMHBuy42.3%18.9%23.4%15.2%
EEMBuy23.9%2.2%21.7%10.8%
CPERBuy22.7%2.0%20.7%17.8%
GLDSell25.9%6.3%19.6%9.9%
XLFSell26.2%7.0%19.3%11.0%
IWMBuy26.2%7.3%19.0%11.2%
XLBBuy23.7%5.2%18.5%10.7%
INDASell20.8%2.8%18.0%10.7%
XLUSell22.4%5.0%17.4%10.0%
EWJBuy21.3%4.0%17.3%9.5%
EZUSell19.3%2.7%16.6%11.4%
TLTBuy15.8%-0.2%16.0%9.0%
XLIBuy23.4%8.7%14.7%9.9%
XLKBuy27.8%13.7%14.1%10.6%
XLYBuy23.7%10.2%13.5%10.3%
ACWXBuy15.9%2.8%13.1%9.7%
DAXBuy15.4%2.8%12.6%9.8%
XLVSell20.0%7.5%12.5%8.0%
XLREBuy13.8%1.8%12.0%7.9%
IAKSell19.2%7.5%11.7%10.9%
QQQBuy24.7%13.6%11.1%9.6%
DIABuy18.3%7.5%10.8%8.0%
VOBuy18.1%7.9%10.2%9.4%
SPYBuy19.4%9.1%10.2%8.0%
XLPSell14.3%5.5%8.9%7.3%
HYGBuy7.0%-0.5%7.5%4.2%
XLCSell11.2%4.0%7.2%8.1%
LQDBuy7.4%0.2%7.2%4.4%
SHYBuy1.0%-0.0%1.0%0.9%

Sharpe / Sortino Quality

TickerCurrent SignalStrategy SharpeStrategy SortinoCalmar RatioPain RatioGain To Pain
SLVSell2.973.004.0218.652.15
GDXSell2.822.972.4522.691.97
SMHBuy2.782.932.6120.362.04
BTC-USDSell2.682.782.5714.431.93
XLKBuy2.632.813.8919.542.07
GLDSell2.612.422.2816.161.98
QQQBuy2.572.443.2320.932.14
XLVSell2.502.642.8916.591.99
SPYBuy2.432.282.2619.142.13
XLESell2.412.503.3518.471.94
XHBBuy2.392.481.8814.421.91
XLFSell2.372.292.6818.321.99
XLIBuy2.362.312.5016.161.95
IWMBuy2.342.383.1817.042.01
SILSell2.342.492.8511.791.77
EWZSell2.332.272.7013.441.89
XLYBuy2.312.242.2113.931.88
DIABuy2.302.182.5916.281.99
KREBuy2.262.562.7015.781.89
XLUSell2.232.302.1816.371.85
EWJBuy2.232.362.5615.631.85
XLBBuy2.222.202.5716.401.85
EEMBuy2.222.242.3314.041.88
CL=FSell2.202.142.7412.891.85
ETH-USDSell2.202.233.1110.671.89
ARGTBuy2.102.243.4310.621.79
XLPSell1.971.821.2012.761.73
INDASell1.951.882.2611.581.77
VOBuy1.921.781.6110.741.70
KWEBSell1.902.042.9312.171.86
IAKSell1.761.591.409.591.63
TLTBuy1.761.611.488.161.64
XLREBuy1.741.411.609.591.93
EZUSell1.701.571.199.001.63
LQDBuy1.691.811.558.671.70
HYGBuy1.671.591.7511.791.75
ACWXBuy1.631.541.938.581.55
DAXBuy1.571.291.537.751.71
XLCSell1.380.901.135.531.78
CPERBuy1.271.010.557.881.66
SHYBuy1.120.921.414.431.49

Drawdown Defense

TickerCurrent SignalStrategy Max DDBuy Hold Max DDSignal Drawdown 52WETF Drawdown 52WDrawdown Saved 52WUlcer Index
SHYBuy-0.7%-7.2%-0.01-0.01-0.010.00
HYGBuy-4.0%-28.7%-0.01-0.03-0.020.01
LQDBuy-4.8%-29.4%-0.02-0.05-0.040.01
VOBuy-11.3%-39.7%-0.04-0.09-0.050.02
IWMBuy-8.2%-42.3%-0.05-0.11-0.060.02
XLESell-10.6%-76.7%-0.06-0.12-0.060.02
IAKSell-13.7%-44.9%-0.03-0.09-0.070.03
XLUSell-10.3%-36.7%-0.03-0.10-0.070.02
XLREBuy-8.6%-39.3%-0.02-0.09-0.070.01
EWZSell-13.8%-78.8%-0.07-0.14-0.070.03
DIABuy-7.1%-37.1%-0.03-0.10-0.070.01
SPYBuy-8.6%-34.1%-0.02-0.09-0.070.01
XLPSell-11.9%-24.9%-0.03-0.10-0.070.01
TLTBuy-10.7%-51.8%-0.02-0.10-0.080.03
GLDSell-11.4%-45.6%-0.11-0.19-0.080.02
ARGTBuy-9.9%-62.6%-0.09-0.17-0.080.03
KREBuy-13.4%-57.2%-0.07-0.15-0.080.03
XLVSell-6.9%-28.8%-0.03-0.11-0.080.01
DAXBuy-10.1%-48.6%-0.06-0.15-0.090.02
ACWXBuy-8.2%-39.0%-0.03-0.11-0.090.02
XLCSell-10.0%-47.2%-0.02-0.11-0.090.02
XLIBuy-9.4%-42.8%-0.03-0.12-0.090.02
CPERBuy-41.1%-57.8%-0.07-0.16-0.090.03
EZUSell-16.2%-44.8%-0.03-0.13-0.100.03
XLBBuy-9.2%-40.2%-0.03-0.12-0.100.02
QQQBuy-7.7%-35.6%-0.02-0.12-0.100.01
SMHBuy-16.2%-45.3%-0.05-0.15-0.100.02
EEMBuy-10.3%-43.7%-0.03-0.14-0.100.02
EWJBuy-8.3%-34.6%-0.03-0.14-0.110.02
XLYBuy-10.7%-40.3%-0.03-0.15-0.120.02
XLKBuy-7.1%-34.0%-0.04-0.16-0.120.02
XLFSell-9.8%-43.3%-0.03-0.15-0.130.02
INDASell-9.2%-46.1%-0.05-0.18-0.130.02
CL=FSell-16.6%-133.0%-0.12-0.26-0.140.04
XHBBuy-17.7%-49.8%-0.05-0.22-0.170.03
SILSell-19.0%-83.4%-0.14-0.33-0.190.05
GDXSell-25.8%-81.3%-0.07-0.31-0.240.03
SLVSell-13.3%-76.3%-0.13-0.42-0.290.03
KWEBSell-13.1%-82.2%-0.06-0.38-0.320.03
BTC-USDSell-34.8%-83.4%-0.16-0.50-0.340.07
ETH-USDSell-24.1%-94.0%-0.18-0.61-0.430.06

Capture Profile

TickerCurrent SignalUpside CaptureDownside CaptureCapture SpreadWorst Decile DefenseBest Decile Participation
SLVSell62.9%31.7%31.2%73.7%70.1%
GDXSell61.1%32.7%28.4%75.3%68.1%
GLDSell64.3%35.9%28.4%70.6%70.0%
KWEBSell58.7%32.6%26.1%75.1%63.0%
XLESell56.5%30.7%25.9%76.0%59.1%
CL=FSell51.4%26.1%25.2%80.5%52.4%
XLUSell59.6%35.1%24.6%72.0%62.6%
SILSell58.7%35.1%23.6%70.5%62.6%
KREBuy54.2%30.7%23.4%77.9%57.6%
ETH-USDSell56.7%33.4%23.4%78.6%61.4%
BTC-USDSell58.8%35.6%23.2%69.5%65.6%
XLFSell51.8%28.7%23.1%80.2%50.2%
EWZSell49.1%26.1%23.0%81.2%51.9%
LQDBuy56.9%33.9%23.0%72.9%58.1%
ARGTBuy57.2%34.4%22.8%71.4%58.9%
XLREBuy49.8%27.2%22.6%79.8%47.4%
EWJBuy53.5%30.9%22.6%78.3%54.2%
SMHBuy52.9%30.5%22.3%76.5%51.9%
INDASell55.1%32.9%22.2%74.2%54.4%
XLVSell51.4%29.1%22.2%79.6%48.6%
XHBBuy52.5%30.4%22.1%76.8%54.1%
EEMBuy49.5%27.4%22.1%80.5%50.1%
XLIBuy52.0%30.1%21.9%77.1%50.5%
HYGBuy50.4%28.6%21.8%78.6%50.4%
TLTBuy56.8%35.1%21.7%69.9%64.1%
IWMBuy47.4%25.8%21.6%82.5%47.2%
CPERBuy59.9%38.3%21.5%66.7%63.9%
XLBBuy51.7%30.2%21.5%78.7%50.2%
XLKBuy49.8%28.3%21.5%81.8%44.6%
DIABuy50.1%28.6%21.4%79.3%45.3%
SPYBuy46.1%25.0%21.1%83.4%40.7%
DAXBuy55.3%34.6%20.8%72.5%56.9%
QQQBuy45.4%25.1%20.4%82.8%40.1%
XLYBuy51.0%30.9%20.1%76.5%48.2%
XLCSell52.9%33.0%19.9%73.9%49.9%
XLPSell53.5%34.3%19.1%73.8%52.1%
SHYBuy54.1%36.2%17.9%66.4%58.3%
EZUSell49.3%31.7%17.5%75.9%45.7%
ACWXBuy54.9%37.4%17.5%71.6%50.4%
VOBuy51.8%34.4%17.4%73.3%45.6%
IAKSell52.8%35.9%16.9%71.3%51.7%

Regime Separation

TickerCurrent SignalBuy Regime Ann ReturnSell Regime Ann ReturnRegime Return SpreadExposure
ETH-USDSell222.4%-129.6%352.0%27.5%
BTC-USDSell187.0%-81.0%268.0%36.9%
GDXSell105.4%-84.2%189.6%48.8%
CL=FSell88.6%-90.3%179.0%44.7%
SILSell97.4%-71.9%169.3%47.4%
SLVSell93.5%-65.6%159.1%47.6%
KWEBSell84.2%-71.0%155.2%40.9%
EWZSell78.4%-55.7%134.1%41.9%
XLESell66.7%-48.8%115.4%47.3%
KREBuy69.5%-44.2%113.7%46.3%
ARGTBuy64.4%-46.7%111.0%47.4%
SMHBuy74.4%-31.5%105.9%48.9%
XHBBuy63.8%-33.9%97.7%46.4%
CPERBuy48.4%-36.5%84.9%45.5%
EEMBuy50.5%-32.1%82.7%43.5%
IWMBuy55.2%-26.5%81.7%43.3%
XLFSell50.2%-29.3%79.5%47.6%
GLDSell44.9%-34.5%79.4%52.5%
INDASell42.6%-33.9%76.5%45.8%
XLBBuy45.8%-28.8%74.6%47.7%
XLUSell40.6%-30.1%70.7%51.1%
XLKBuy49.1%-21.5%70.6%51.1%
EWJBuy41.0%-28.4%69.3%48.2%
XLIBuy44.9%-22.7%67.6%48.0%
XLREBuy40.0%-27.4%67.4%33.1%
DAXBuy37.9%-27.7%65.6%38.7%
XLYBuy44.5%-20.7%65.1%49.0%
EZUSell37.7%-26.6%64.4%48.4%
XLCSell39.9%-23.7%63.6%27.4%
QQQBuy47.9%-15.6%63.5%47.2%
TLTBuy33.3%-26.7%59.9%45.4%
XLVSell38.2%-19.9%58.1%48.2%
IAKSell35.9%-18.7%54.6%50.4%
SPYBuy37.8%-15.5%53.3%47.6%
ACWXBuy27.9%-24.6%52.5%54.5%
DIABuy33.9%-18.0%51.9%50.5%
VOBuy32.5%-17.3%49.8%52.5%
XLPSell27.4%-15.2%42.7%49.7%
LQDBuy14.6%-13.6%28.2%49.6%
HYGBuy14.9%-13.1%28.0%46.1%
SHYBuy2.2%-1.8%4.0%44.2%

Trading Friction / Durability

TickerCurrent SignalTrades / YearReturn Per TradeAvg Buy Hold DaysAvg Sell Hold DaysWhipsaw Rate
ETH-USDSell9.887.6%141577.0%
BTC-USDSell12.477.2%151676.2%
GDXSell17.463.6%141478.0%
SLVSell15.613.4%151773.0%
SILSell16.533.3%141576.5%
KWEBSell13.302.9%161675.6%
CL=FSell16.622.7%141674.4%
SMHBuy17.592.4%141474.7%
ARGTBuy15.012.3%161673.1%
EWZSell16.532.3%131776.5%
XLESell16.532.2%141674.8%
KREBuy17.692.0%131578.3%
XHBBuy17.411.9%131576.3%
XLKBuy16.121.7%161573.6%
CPERBuy13.761.7%171675.4%
IWMBuy15.931.6%141873.3%
XLFSell16.261.6%151672.9%
GLDSell16.351.6%161473.7%
EEMBuy16.211.5%141772.3%
QQQBuy16.761.5%141676.8%
XLYBuy16.391.4%151572.0%
XLIBuy16.301.4%151673.0%
INDASell14.591.4%161575.6%
XLBBuy17.411.4%141576.3%
EWJBuy16.121.3%151675.3%
XLUSell17.831.3%141379.2%
XLVSell16.161.2%151676.2%
XLCSell9.141.2%151482.2%
SPYBuy16.121.2%151673.6%
DAXBuy12.881.2%151578.4%
EZUSell16.811.2%151576.9%
XLREBuy12.051.1%141676.9%
IAKSell16.721.1%151573.1%
VOBuy16.121.1%161575.0%
DIABuy16.581.1%151575.4%
ACWXBuy16.121.0%171474.4%
TLTBuy17.780.9%131577.9%
XLPSell16.260.9%151575.5%
HYGBuy16.210.4%141672.9%
LQDBuy17.590.4%141478.7%
SHYBuy17.220.1%131675.5%

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.