Alltime Shield III

by Ordertune · part of Institutional Alpha

Momentum, short only (hedge)
Risk elevated

Alltime Shield III is the heavy hitter of the Shield family: a short-side hedge on large tech names in a medium-term downtrend. It engages when market fear rises and stays short through a large, sustained slide rather than taking a quick move, so positions run for several weeks. Short selling needs a margin account at Alpaca.

Universe: Nasdaq100
Holding period: about 18 trading days on average
Order types: market, limit

€479

Institutional Alpha bundle · 25 strategies · per month, net

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Orders go to your own Alpaca account. You set the position size and approve each order until you switch to automatic.

18 Jan 2000 to 3 Nov 2026 · 6,962 trading days

Strategy level

What to expect from the strategy as a whole, measured on the daily return series.

Annual return (CAGR): +3.8%; per year over the full history
Volatility: 9.7%; annualized
Max drawdown: −26.6%; peak to trough
Sharpe ratio: 0.42; risk-free 0%, annualized
Sortino ratio: 0.69; downside deviation only
MAR ratio: 6.44; return ÷ max drawdown

Equity curve

Growth over the full history on a logarithmic scale, so every year weighs the same. The figure that counts here is the annual return above.

Drawdown

How far the value stood below its previous high on each day. Deep or long dips are what an investor has to sit through.

Monthly returns

Compounded from daily returns, net of costs. Year compounds the months shown; an empty cell lies outside the range. ^*Partial month.

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year
2026	0.0%	+1.6%	−4.1%	0.0%	0.0%	+4.0%	−2.3%	−4.5%	0.0%	−4.0%	0.0%^*	no data	−9.3%^*
2025	−1.6%	0.0%	+7.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	−3.9%	+4.0%	0.0%	+5.4%
2024	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	+8.7%	−3.6%	−0.3%	+4.9%	0.0%	+9.5%
2023	0.0%	0.0%	+1.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	+1.3%
2022	+4.0%	−4.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	+4.2%	+1.4%	0.0%	+8.0%	+13.5%
2021	0.0%	−2.6%	0.0%	−5.2%	0.0%	−2.6%	0.0%	0.0%	0.0%	0.0%	0.0%	+2.4%	−7.9%
2020	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
2019	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
2018	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	−3.3%	0.0%	0.0%	−3.3%
2017	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
2016	0.0%	0.0%	0.0%	−5.4%	+2.7%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	−2.9%
2015	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
2014	+2.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	+2.0%
2013	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
2012	0.0%	0.0%	0.0%	+4.2%	+12.3%	+4.1%	0.0%	−2.0%	0.0%	0.0%	+0.9%	0.0%	+20.5%
2011	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	+2.5%	+2.5%
2010	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
2009	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	−4.2%	0.0%	0.0%	−3.2%	−7.3%
2008	0.0%	0.0%	0.0%	0.0%	0.0%	−4.1%	0.0%	0.0%	+21.3%	0.0%	0.0%	0.0%	+16.4%
2007	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	−3.2%	−0.4%	−3.6%
2006	0.0%	0.0%	0.0%	0.0%	0.0%	+3.3%	0.0%	+3.2%	0.0%	0.0%	0.0%	0.0%	+6.6%
2005	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
2004	0.0%	0.0%	−1.7%	0.0%	0.0%	0.0%	+4.0%	−0.8%	0.0%	−3.1%	0.0%	0.0%	−1.7%
2003	−4.1%	−4.9%	0.0%	0.0%	0.0%	0.0%	0.0%	−2.1%	0.0%	−3.0%	0.0%	0.0%	−13.4%
2002	0.0%	+16.0%	0.0%	+12.0%	+5.5%	0.0%	0.0%	0.0%	+8.0%	+2.5%	0.0%	0.0%	+51.7%
2001	0.0%	0.0%	0.0%	0.0%	0.0%	+22.6%	+3.7%	0.0%	0.0%	0.0%	0.0%	0.0%	+27.1%
2000	+4.8%	−0.9%	0.0%	−3.3%	+4.4%	0.0%	0.0%	−10.1%	+16.2%	+3.4%	0.0%	0.0%	+13.4%

Trade level

Closed trades with an exit inside the range.

Win rate: 60.3%; 94 of 156 closed trades
Avg win: +16.2%; per winning trade
Avg loss: −15.1%; per losing trade
Profit factor: 1.63; gross wins ÷ gross losses
Avg holding: 19d; entry to exit, calendar days
Trades: 156; closed in the range

Closed trades, last 90 days

Symbol	Entry	Exit	Held	Return
APPshort	1 Oct 2026	29 Oct 2026	28d	+11.31%
AXONshort	29 Sep 2026	27 Oct 2026	28d	+0.09%
WDCshort	15 Sep 2026	13 Oct 2026	28d	+16.56%
AMATshort	15 Sep 2026	2 Oct 2026	17d	−26.37%
KLACshort	15 Sep 2026	2 Oct 2026	17d	−20.82%
HONAshort	2 Sep 2026	1 Oct 2026	29d	−0.56%
RKLBshort	21 Jul 2026	7 Aug 2026	17d	−18.78%
APPshort	20 Jul 2026	6 Aug 2026	17d	+21.24%
CRWVshort	27 Jul 2026	5 Aug 2026	9d	−25.05%

Daily return series 18 Jan 2000 to 3 Nov 2026, supplied by the provider. Data before 3 Jan 2000 is a backtest: simulated results are a hypothesis, not a promise. Past performance does not predict future returns. Your own results depend on your position sizes, fills and costs.