CorticorpFinance
Markets+0.32% since inception

Minimum Variance

MINVAR

Inverse-VARIANCE allocation across treasuries/equities/commodities — the textbook minimum-variance special case of Markowitz optimization, concentrating harder into the calmest sleeve than Risk Parity's inverse-volatility weighting does. Weights are computed by formula, not judgment — Claude explains the numbers, same as Risk Parity.

Tear Sheet

Portfolio value$100,320
Since inception+0.32%
7d+0.32%
30d+0.32%
Max drawdown0.00%

Performance vs. S&P 500 buy & hold

Current allocation

10%
34%
41%
14%
CashTreasuriesEquitiesCommodities

Holdings

  • 10%

    Cash

  • 34%

    TreasuriesiShares 20+ Year Treasury Bond ETF

  • 41%

    EquitiesS&P 500

  • 14%

    CommoditiesInvesco DB Commodity Index Tracking Fund

Allocation over time

Decision Log

  1. Oct 8, 2026, 4:48 PM EDT

    Cash 10%Treasuries 34%Equities 41%Commodities 14%

    Equities carry the lowest trailing variance (0.390x10⁻⁴), barely edging out treasuries (0.468x10⁻⁴), so the minimum-variance formula concentrates the most weight there (41%) with treasuries close behind (34%). Commodities' variance (1.116x10⁻⁴) is roughly 2.4-2.9x higher than the other two sleeves, and because the inverse-variance weighting squares that volatility gap, 's allocation is cut disproportionately to just 14% rather than merely being underweighted. Cash, as a fixed zero-variance placeholder rather than a volatility-ranked sleeve, picks up the residual 10% to complete the formula's output.

Simulated portfolio, starting cash $100,000. Not investment advice. Methodology.