Tessarum CapitalQuantitative Capital Research
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Systematic strategy

Compass Rate Program

Long 20Y Treasury duration only when the trend and the Fed both agree.

Underlying: 20Y Treasury yield · Ticker: TMF

$47
per month · full access
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One subscription includes every model, not just Compass Rate Program

Backtested equity curve

64.6 years · 11/11 validation tests passed
CAGR
+18.8%
Sharpe
2.10
Sortino
1.89
Max Drawdown
-11.3%
Calmar
1.66

Monthly-resolution backtest curve. Select a decade to see how CAGR, Sharpe, and drawdown look in isolation for that period — not just since inception.

Decorrelation vs. the Core Portfolio and every other model

Rebased to 100 at inception, log scale, refreshed quarterly. Compass Rate Program and the Core Portfolio are plotted together so you can see when this strategy moves independently of the others — the reason the blended portfolio's drawdown runs shallower than any single leg's.

What you get