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Epi
@Epi
2Sem.·

3xGTAA - Month in review April 2026

This time a somewhat premature monthly report - yes, the Epi also has a life outside of vacation:


Asset-Performances 04/26 (30.3.-29.4.)

2xWTI: +19.9%

3xGLD: -0.5%

5xUSDEUR: -5,9%


3xGTAA Depot (29.4.)

30.03.26: 143.730€

29.04.26: 146,940€


Wikifolio certificate (29.4., mid-price)

30.03.26: 224,87€

29.04.26: 228,50€

Month: +1.6%

YTD: +40.0%


Review 04/26


After the wild previous months, 3xGTAA has returned to some calm. "Calm" - for 3xGTAA this means halving the monthly vola to 10%. Gold and the USD were pipe dreamers. But thanks to the WTI rally yesterday, the month actually ended in positive territory. In other words, exactly as the strategy envisages in theory.


Outlook 05/26


The stock markets staged an impressive comeback in April and are now trading above their signal lines again. WTI continues to show high momentum. The crisis assets gold and USD have lost significant momentum. Gold is currently trading right at the signal line. I will let the SMA5 on April 1 decide whether gold remains in the portfolio. However, I expect a bounce off the SMA150 to the upside. If necessary, it will be replaced by Eurostoxx50, which is currently waiting in 4th place above the signal line.


The allocation for 5/26 is:

2xWTI

3xQQQ

3xGLD (possibly 3xEU50)


The portfolio thus switches slightly back to risk-on mode in May.


Report from the 3xGTAA workshop


There is nothing significant to report this month.


For those who follow the 3xGTAA wikifolio, I can share an interesting observation. At the end of March, the wikifolio was in 14th place in the ranking of all wikifolios in the top 10, but a few days later it slipped to 150th place! It has been on vacation there ever since. Nothing has changed much in terms of performance and the difference in performance compared to the top 10 is also negligible. I can only guess why this is the case: The Wikifolio probably climbed so high before because of the purchases from the community. They have now (fortunately) calmed down a little. In any case, this teaches us not to put too much stock in such platform-internal rankings (a nod to the Getquin monthly rewinds).


You should never measure yourself by relative standards anyway, be it benchmarks, rankings or followers. Anyone who does that has already lost.


And now may the momentum continue to be with you!

Your Epi


https://www.wikifolio.com/de/de/w/wf03x0gtaa


$DE000LS9U6W1 (-1,73 %)

previw image
www.wikifolio.com3xGTAA
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60 Commentaires
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CRDonkey@DonkeyInvestor
2Sem.
Glad you're still alive 👍
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Epi@Epi
2Sem.
@DonkeyInvestor I think so too. But don't worry, when I'm dead, I'll be in touch - in your dreams. 🫥
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Uwe@SchlaubiSchlumpf
2Sem.
@DonkeyInvestor reports more regularly than my grandchildren
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Wealth-Accelerator@Wealth-Accelerator
2Sem.
@SchlaubiSchlumpf
Do your grandchildren also get a performance fee? 🤔
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CRDonkey@DonkeyInvestor
2Sem.
@Epi You're already there every night anyway 🥰
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CRDonkey@DonkeyInvestor
2Sem.
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Uwe@SchlaubiSchlumpf
2Sem.
@Wealth-Accelerator Nope, they don't exist yet. That may also be the reason why the ungrateful brats don't come forward. But if they did exist, there would be money for good grades.
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CRDonkey@DonkeyInvestor
2Sem.
@Epi oh well, I have a buy order at 210. unfortunately, I got a bit of a gallop yesterday. Can you please do something stupid again so that we fall just below 210? Thank you, you're a darling 😘
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CRDonkey@DonkeyInvestor
2Sem.
@SchlaubiSchlumpf you can give me money for good grades for as long as it takes to get used to it
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Uwe@SchlaubiSchlumpf
2Sem.
@DonkeyInvestor When you go back to school or university, you get a euro for good (class) work😘
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Wealth-Accelerator@Wealth-Accelerator
2Sem.
@SchlaubiSchlumpf that reads like my parents, who also placed small empty picture frames next to the family pictures for 10 years to tell my wife and me that something was still missing 😂😂
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Voir toutes les 13 autres réponses
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Johnny B.@JBatelli
2Sem.
I wait at the end of each month to see what is being invested in. Always exciting. Thank you. Just keep it up!

And maybe you can think about linking <security:n/a:DE000LS9U6W1> again so that you can find everything in a structured way.
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Epi@Epi
2Sem.
@JBatelli Thanks, I linked it right away. 👍
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Felix@Shareholder
2Sem.
Insanely exciting - thank you for the update. I'm still waiting for the right moment to get involved myself - although I've been waiting for at least 2-3 months. I'll probably open a first small position soon :)
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Epi@Epi
2Sem.
@Shareholder Don't you know that you can't time 3xGTAA? 😅
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Felix@Shareholder
2Sem.
Dear Epi,

That's true. But you still think irrationally, oh, there will be a small setback.

Whereby the wait can be explained more by the fact that other stocks that you can time are supposedly "cheap" to collect at the moment. - Unfortunately, the budget as a student with a wife is limited.
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Epi@Epi
2Sem.
@Shareholder Yes, I know the situation all too well. But some investments are just more important. 😏

A little tip: Maybe there is some kind of timing with 3xGTAA, but different from normal assets. You can take advantage of this.
There is always an alternation of momentum phases and consolidation phases, as you can see in the chart. Although you don't know how long the phases last or what values they reach, you can certainly recognize when they end. So if you want to buy 3xGTAA, then possibly at the end of a consolidation phase when the price breaks out to the upside. This is usually followed by a few days/weeks of rising prices. Good luck!
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Felix@Shareholder
2Sem.
@Epi Thank you very much for your tip! :D
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Mr. K@TechNav
2Sem.
If you don't use relative benchmarks as a guide, what do you use? Gut feeling? Only those who want to make things particularly easy for themselves believe that.
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Epi@Epi
2Sem.
@TechNav For example, your own benchmark could be a realistic, absolute target return. For me it is 3%pM in 3xGTAA and 1.5%pM in the overall portfolio.
This is much more demanding than market returns. Some say it's impossible, but they also make it easy for themselves. 🤷
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Thilo M.@ThiloM
2Sem.
Sorry for the stupid question, but how or where can I buy your certificate? Which broker is necessary for this or do you have to be registered with Wikifolio?
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Wealth-Accelerator@Wealth-Accelerator
2Sem.
@ThiloM
I bought via Smartbroker+.
I think it also works with ING.
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Amin@AmoHa
2Sem.
@ThiloM I bought this through Ing
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Markus@KohleKompass
2Sem.
@ThiloM You can find the most important information here in Epi's post:
https://getqu.in/F6tCOX/
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Epi@Epi
2Sem.
@ThiloM Have a look at my profile, you'll find a whole article on your question there. 👍
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Epi@Epi
2Sem.
@ThiloM @KohleKompass has linked it, thanks! 👍
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Solitair@Solitair
2Sem.
@ThiloM I bought from Just trade.
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TradingHase@TradingHase
1Sem.
@Solitair Yes, me too @ThiloM
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David@Redfox77
1Sem.
@ThiloM I found out yesterday that it is available at Flatex.
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Thilo M.@ThiloM
1Sem.
Thanks to all! Too bad it is not on IBKR, Directa and TradeRepublic. As an Italian, the tax on foreign portfolios is really annoying. So go activate another broker... it's about time we had an overarching European legal framework. 😬
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David@Redfox77
2Sem.
As always interesting to read, thank you 🙂 In my GTAA model, gold will probably also be replaced by the Nasdaq.
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Epi@Epi
2Sem.
@Redfox77 Wait and see. Gold is currently rising again. We'll certainly be smarter next month.
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David@Redfox77
2Sem.
@Epi The lead was also very narrow yesterday. Let's see which signal comes at the weekend, which will then be implemented on Monday. That's what signals are for ;).
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Xander13@Xander13
2Sem.
@Epi How do you calculate your momentum score? I find it quite strange that gold / Eurostoxx50 are in your top 3. I calculate the momentum score (on a euro basis) from the performance sum (3 months +6m+12m) and for me oil, emerging markets (EM) and Nasdaq are clearly in the top 3 (in 4th and 5th place would be Russell 2000 and S&P500). For example, EM has outperformed gold and the Eurostoxx 50 over all 3 periods 3m, 6m and 12m. EM is also clearly above the 200 SMA.
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Epi@Epi
2Sem.
@Xander13 It's all there in the workshop reports of recent months and years. EM is not suitable for instantaneous models because of China.
Your other indices are not part of 3xGTAA. The model is deliberately concentrated.

Building an efficient GTAA model is challenging. Simply including everything you know does not work well.
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Xander13@Xander13
2Sem.
@Epi Why would EM / China not be suitable for momentum? Research papers do not explicitly exclude EM for momentum strategies.

S&P 500 and Nasdaq: I recognize that both are extremely correlated (mega cap tech) and the S&P500 should be removed.

The Russell 2000 I would keep for Factor Small and is reasonably uncorrelated with Mega Cap Tech (QQQ).
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Epi@Epi
2Sem.
@Xander13 EM is not suitable for instantaneous models due to China. Lots of quick break-offs. There are momentum studies on this.
Momentum does not work in China because of the equity culture. Not all research papers are informed about this.

Russell 2000 may fit, depends on the model and the other asset classes. The correlation to the S&P500 is 0.8 (0.6-1.0). That is too high for an efficient model. It should be max. 0.7.
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erbsinator@erbsinator
1Sem.
EM ex-China can work quite well, depending on the model.
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Epi@Epi
1Sem.
@erbsinator That's right. Do you have a 3xEMexChina ETF on offer?
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erbsinator@erbsinator
1Sem.
Which brings us to the problem for your 3xGTAA. Intended as food for thought for @Xander13.
@Epi I had little to do in December and January and looked into your momentum models before I joined the wikifolio. A wise man once said: only invest in what you understand 😉
And with time you understand what it means when you say GTAA is a process....there's always something to tinker with when time allows.
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Epi@Epi
1Sem.
@erbsinator Very good!
Understanding an investment is not an end in itself. Understanding stabilizes the psyche and prevents emotional reactions, e.g. panic buying or selling. Understanding is therefore an integral part of 3xGTAA. 😏
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Gehebeltes-EFH@Gehebeltes-EFH
2Sem.
Are the end points correct? (30.03. vs 30.04.)
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Epi@Epi
2Sem.
@Gehebeltes-EFH Approximately. 😬
For the performance data, I simply took the 1M performance of Wikifolio. In the end, the absolute values are the decisive ones. They are accurate.
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Gehebeltes-EFH@Gehebeltes-EFH
2Sem.
@Epi 27.02. to 30.03.? That's what the article says.
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Epi@Epi
2Sem.
@Gehebeltes-EFH What do you think? This is the report for April. 🤔
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Gehebeltes-EFH@Gehebeltes-EFH
2Sem.
@Epi Review

March


"3xGTAA Depot
27.02.26: 128.040€
30.03.26: 143.730€

Wikifolio certificate
27.02.26: 197,22€
30.03.26: € 224.87 (mid-price)
Month: +14.0%
YTD: +37.8%"


Review April

"3xGTAA Depot (29.4.)
27.02.26: 143.730€
30.03.26: 146,940€

Wikifolio certificate (29.4., mid-price)
27.02.26: 224,87€
30.03.26: 228,50€
Month: +1.6%
YTD: +40.0%"
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Epi@Epi
2Sem.
@Gehebeltes-EFH Now I see what you mean. Thanks for the hint.
To maintain consistency, I always use the form from the previous month. Something slipped through when I was updating the data.
I've corrected it. 👍
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