1Mes·

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 (-7,41%)

previw image

www.wikifolio.com3xGTAA

74

80 Commenti

immagine del profilo

PresidentDonkey@DonkeyInvestor

1Mes

Glad you're still alive 👍

•

12

•

immagine del profilo

1Mes

@DonkeyInvestor I think so too. But don't worry, when I'm dead, I'll be in touch - in your dreams. 🫥

•

2

•

immagine del profilo

Uwe@SchlaubiSchlumpf

1Mes

@DonkeyInvestor reports more regularly than my grandchildren

•

8

•

immagine del profilo

Wealth-Accelerator@Wealth-Accelerator

1Mes

@SchlaubiSchlumpf
Do your grandchildren also get a performance fee? 🤔

•

2

•

immagine del profilo

PresidentDonkey@DonkeyInvestor

1Mes

@Epi You're already there every night anyway 🥰

•

1

•

immagine del profilo

PresidentDonkey@DonkeyInvestor

1Mes

@SchlaubiSchlumpf Alter Sack

••

immagine del profilo

Uwe@SchlaubiSchlumpf

1Mes

@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.

•

2

•

immagine del profilo

PresidentDonkey@DonkeyInvestor

1Mes

@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 😘

••

immagine del profilo

PresidentDonkey@DonkeyInvestor

1Mes

@SchlaubiSchlumpf you can give me money for good grades for as long as it takes to get used to it

••

immagine del profilo

Uwe@SchlaubiSchlumpf

1Mes

@DonkeyInvestor When you go back to school or university, you get a euro for good (class) work😘

•

1

•

immagine del profilo

Wealth-Accelerator@Wealth-Accelerator

1Mes

@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 😂😂

•

2

•

Visualizza tutti 13 ulteriori risposte

immagine del profilo

Johnny B.@JBatelli

1Mes

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.

•

6

•

immagine del profilo

1Mes

@JBatelli Thanks, I linked it right away. 👍

•

1

•

immagine del profilo

Felix@Shareholder

1Mes

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 :)

•

1

•

immagine del profilo

1Mes

@Shareholder Don't you know that you can't time 3xGTAA? 😅

•

1

•

immagine del profilo

Felix@Shareholder

1Mes

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.

•

1

•

immagine del profilo

1Mes

@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!

•

1

•

immagine del profilo

Felix@Shareholder

1Mes

@Epi Thank you very much for your tip! :D

•

1

•

immagine del profilo

1Mes

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.

•

1

•

immagine del profilo

1Mes

@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. 🤷

••

Thilo M.@ThiloM

1Mes

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?

•

1

•

immagine del profilo

Wealth-Accelerator@Wealth-Accelerator

1Mes

@ThiloM
I bought via Smartbroker+.
I think it also works with ING.

•

2

•

1Mes

@ThiloM I bought this through Ing

•

2

•

immagine del profilo

Markus@KohleKompass

1Mes

@ThiloM You can find the most important information here in Epi's post:
https://getqu.in/F6tCOX/

•

1

•

immagine del profilo

1Mes

@ThiloM Have a look at my profile, you'll find a whole article on your question there. 👍

•

2

•

immagine del profilo

1Mes

@ThiloM @KohleKompass has linked it, thanks! 👍

•

1

•

Solitair@Solitair

1Mes

@ThiloM I bought from Just trade.

•

2

•

immagine del profilo

TradingHase@TradingHase

1Mes

@Solitair Yes, me too @ThiloM

•

1

•

immagine del profilo

1Mes

@ThiloM I found out yesterday that it is available at Flatex.

••

Thilo M.@ThiloM

1Mes

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. 😬

•

1

•

immagine del profilo

1Mes

As always interesting to read, thank you 🙂 In my GTAA model, gold will probably also be replaced by the Nasdaq.

•

1

•

immagine del profilo

1Mes

@Redfox77 Wait and see. Gold is currently rising again. We'll certainly be smarter next month.

•

1

•

immagine del profilo

1Mes

@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 ;).

•

1

•

immagine del profilo

Xander13@Xander13

1Mes

@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.

•

1

•

immagine del profilo

1Mes

@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.

••

immagine del profilo

Xander13@Xander13

1Mes

@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).

•

1

•

immagine del profilo

1Mes

@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.

••

erbsinator@erbsinator

1Mes

EM ex-China can work quite well, depending on the model.

••

immagine del profilo

1Mes

@erbsinator That's right. Do you have a 3xEMexChina ETF on offer?

••

erbsinator@erbsinator

1Mes

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.

•

1

•

immagine del profilo

1Mes

@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. 😏

••

Gehebeltes-EFH@Gehebeltes-EFH

1Mes

Are the end points correct? (30.03. vs 30.04.)

••

immagine del profilo

1Mes

@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.

••

Gehebeltes-EFH@Gehebeltes-EFH

1Mes

@Epi 27.02. to 30.03.? That's what the article says.

••

immagine del profilo

1Mes

@Gehebeltes-EFH What do you think? This is the report for April. 🤔

••

Gehebeltes-EFH@Gehebeltes-EFH

1Mes

@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%"

•

1

•

immagine del profilo

1Mes

@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. 👍

•

1

•

capital_genius_sjbva@capital_genius_sjbva

2Settimana

Good morning Epi,
I've been thinking about buying your Wikifoil for a while now. Do you think now would be a good time or would it be better this afternoon or next week? Are there more favorable times?

••

immagine del profilo

2Settimana

@capital_genius_sjbva As we have often said, you cannot systematically time a momentum model. In this respect, the only option is to wait for a spread that is as favorable as possible. Around €0.50 would be a good time. Depending on the ETFs held, this is more likely to be in the afternoon. 👍

•

1

•

capital_genius_sjbva@capital_genius_sjbva

2Settimana

@Epi Thank you. I have just seen that I can buy it from my broker at the Stuttgart Stock Exchange or L & S. Do you happen to have any experience of this?

••

immagine del profilo

2Settimana

@capital_genius_sjbva My broker only allows me to buy via Stuttgart. They charge €4 per trade. If L&S saves you that, then take it. Preferably as a limit buy.

••

capital_genius_sjbva@capital_genius_sjbva

2Settimana

@Epi hello Epi, I have now bought your ETF and will make it a relevant position in my portfolio. One more question, please. If it falls more sharply, is it best to buy it immediately or not until the following month due to the internal asset rotation?

••

immagine del profilo

2Settimana

@capital_genius_sjbva 1. the 3xGTAA Wikifolio is tradable as a certificate. An ETF is something else.
2. if it were so easy to buy the certificate if it falls more sharply, then I would do so. But all my attempts to time purchases have failed miserably. The only thing that worked a little was buying at the end of consolidations when the price started to rise again. Apparently, momentum then returned to the asset classes. But the advantage of this timing was really minimal.
So: find your own entry strategy, nobody has found an optimal one yet. 🤷

•

1

•

capital_genius_sjbva@capital_genius_sjbva

1Settimana

@Epi Okay, that's what I thought. After all, you work with levers...
I realize that it's not an ETF, but it could be one... (keyword portfolio concepts)
In your opinion, is your ETF suitable for gradual asset accumulation, for example with regular small purchases, or is the model more suitable for one-off investments and should profits be realized periodically or has it proven itself in the backtest over longer periods of time?

••

immagine del profilo

1Settimana

Hello @epi
I would like to gradually integrate your 3GTAA model into my portfolio. I start with 400€ per month and would - if I have understood everything correctly - save the Nasdaq with 33% (everything on green) and the oil ETF with 11.1%. Everything else goes into the money market ETF, as all the traffic lights are red. So much for the theory, right? Entry then on the 1st of the month? Kind regards Max

••

immagine del profilo

1Settimana

@Anakreon How? You want to implement 3xGTAA yourself? You can do that if you have a broker that allows free trading despite the mini amounts. Otherwise, it might be better to use the certificate.

If you want to do it yourself, then I would recommend that you familiarize yourself intensively with the model, the pool and the signals. Not everything except QQQ and WTI is red. Also, 16.6% weighting is against the rules. It's best to use the holdings in the certificate as a guide. 👍

••

immagine del profilo

1Settimana

@Epi Thanks for the feedback. I've read all the FAQs and your posts and am trying to get to grips with the model. I trade with Scalable Capital and unfortunately they don't have the LuS certificates - hence the manual attempt.

Asset 1: Nasdaq is three times 🟢, because 1. 🟢 Miles above 200 line, 2. 🟢 Momentum ranks first far ahead of the other asset classes and 3. ,🟢 for the Nasdaq 100 (S&P 500 is at 39.6 according to Shiller P/E and would be 🔴), because the Nasdaq gives the green light in the forward peg (is at 27.0) and interest rate gap.

Asset 2: Part 1 Crude oil: 1st pillar 🟢 because 92 Doller is still above the 10-month average, 2nd pillar (still)🟢 because it is still just above the money market average, 3rd pillar 🔴 because it has slipped into a contango structure
Asset 2: Part 2 Gold: All three pillars at 🔴

Asset 3: Bonds all 🔴

I therefore end up with 33% (3 out of 3) in Nasdaq, 11.1% (2 out of 3) in crude oil and the remaining 56% in money market ETFs

••

immagine del profilo

1Settimana

@Anakreon Okay, obviously you're driving a completely different model than 3xGTAA. With traffic lights, with fundamental data, without EU50. Have you tested your model thoroughly?

••

immagine del profilo

1Settimana

@Epi Okay, you go 100% in or out of the respective asset based purely on the trend, right? I had a look at your wikifolio (link in your FAQ) and only saw nasdaq, gold and oil there. So you don't hold cash in money market tfs in parallel?

•

1

•

immagine del profilo

1Settimana

@Epi I think I see my misunderstanding. I thought the "3" in your model stood for the 3 pillars (trend, momentum and value). You meant it as three asset classes (nasdaq100/eu50, gold and commodities/oil).

Please excuse me, I mixed up the two approaches when reading your strategy and combined them into one model - of course you didn't intend it that way.

•

1

•

immagine del profilo

1Settimana

@Anakreon The 3 in 3xGTAA only stands for the average leverage. So it has nothing to do with any factors, asset classes, columns or anything else. 😁

••

immagine del profilo

1Settimana

@Epi but you are always fully invested, or am I seeing it wrong?

And thanks for your patience with me

••

immagine del profilo

1Settimana

@Anakreon No, I don't always have to be fully invested. If fewer than three asset classes in the pool are on buy, cash is held accordingly.

••

immagine del profilo

1Settimana

@Epi So I've read through everything again that was unclear to me or where I accidentally mixed up two models.

You first check whether an asset is bullish or bearish using the SMA 10 based on the monthly closing price. If the closing price is above the 10-month average, the asset moves on to the next assessment step.

Here you look at the pool of remaining assets to see which have the strongest momentum and rank them. This is done using a weighted momentum score, which weights recent successes higher than those from longer ago. Plus probably a sharpe quotient, which artificially reduces strong volatility in the score.

Then transfer everything into a ranking and the top three assets are bought leveraged, right?

••

immagine del profilo

1Settimana

@Anakreon Almost. 😁 Ranking assets >10M is easier for me. But maybe your approach is also successful?

••

Visualizza tutti 2 ulteriori risposte

Partecipa alla conversazione

Iscriviti Accesso