LEAF Performance & Activity October 2025
- Tim Morton, CFA
- 6 days ago
- 1 min read
Leveraged ETF Allocation Formula
October Update
We continue to be pleased with the real time performance of the model. In October LEAF captured 62% of the NASDAQ's upside while experiencing less than half of the downside (during market corrections).
October Performance
QQQ was +4.8%
LEAF was +3.0%
QQQ had two significant drawdowns in October
Oct 10
QQQ -3.6%
LEAF -1.8%
Oct 30
QQQ -1.5%
LEAF -0.6%
Trade Summary
(CTA) Managed Futures was added to on Oct 1 and 27. All trades are a function of 3 things; expected short term price reversion, trailing volatility, and relative performance. In this case CTA had declining volatile while lagging the rest of the portfolio.
Oct 10
Profit was taken on (VIXM) Mid-Term VIX Futures. It experienced an upward price increase over 6% to start the month. Taking it well above its target weight (as dictated with increases volatility, and high expected price reversion).
Oct 15
Profit was taken on (UGL) 2x Gold. It had risen 30.9% over the trailing month. It's target weight had also decreased -2.7% from expected price reversion.
Chart as of October 31, 2025.
YTD (Live on Feb 20. Backtested January 1- February 19, 2025)
Long Term Chart (backtest + live from February 20, 2025)
regards, Tim
Tim Morton, CFA is a retired portfolio manager with 45 years of experience working with private clients. For the past two years, the editor of mortonir.com and a contributor to Barron's. My comments are not to be taken as investment recommendations. They are purely for discussion purposes. Please see your advisor for investment advice.
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