SMIGRM Research Series · Paper No. 1 · SSRN

Risk management
engineered into Alpha.

We made risk management an alpha-generation tool: a single risk indicator guiding a variety of portfolios outperforming the S&P 500 with lower drawdowns: annually, consistently.

The RISP 500™ is a 15-variable composite risk indicator, developed by practitioners for practitioners — with a four-year live track record, publicly time-stamped since 2023.

Serving RIAs, financial advisors, HNWIs, and institutional investors.

Live track record (daily updated) — see table →

View 2022–2025 Live Track Record
Performance · 01/01/2022 – 26/06/2025
Updated every day
Live verified
$100k grew to
Cum. Return
RoMaD
S&P 500 StrategySSO / SPY / GLD · 3-Level
$428,729
+328.73%
20.9×
Nasdaq 100 StrategyQLD / QQQ / GLD · 3-Level
$500,999
+401.00%
16.9×
SPY (Buy & Hold)Benchmark
$143,574
+43.57%
1.8×
The distinction
What beats a forecast?
A measurement.

The RISP 500™ measures the risk in the market right now (not tomorrow) — reading from the collective thinking of the entire market, not anyone's opinion or forecast.

The correlation problem
Diversification only works if correlation holds. We solved it.

Everyone knows correlation isn't constant but pretends it is. In a crisis, correlations converge to +1: everything falls together. We diversify through time, not correlation.

The tactical trap
Whipsaw markets destroy P&L. We developed a fix.

The trendless whipsaw market is kryptonite to tacticians. We developed an antidote: SWORD—a whipsaw detector built on the same risk foundation as the RISP 500™ itself.

Learn how it all started — and how it solves the top 3 challenges of investment management →
Who it serves

Built for practitioners
who manage real capital.

The RISP 500™ was built for investment professionals whose first obligation is to protect their clients' wealth — and whose competitive edge depends on beating benchmarks and winning the battle for AUM. For decades, U.S. equities rode the unmatched tailwind of American economic dominance. The decades ahead will be more demanding. For a serious professional, a systematic, risk-first framework is no longer optional — it is the edge.

🏛️
Family Offices & Hedge Funds
$50M–$2B, quantitatively sophisticated. You want a real-time, forward-looking composite that distills volatility, fixed income, and macro into one actionable daily number — a genuine, defensible edge over a correlation-dependent industry.
→ A measurable, structural edge.
🌐
International Allocators
Fund managers in the Americas, Asia, Europe, Africa, and Oceania seeking U.S. equity exposure — with professional risk infrastructure and a U.S.-based partner who understands this market, your mandate, and your regulatory context.
→ Institutional infrastructure, without the overhead.
📊
UHNWI & Sophisticated Allocators
Ultra-high-net-worth investors and the professionals who serve them — allocators who understand risk-adjusted returns, have lived through a major drawdown, and want a systematic daily indicator rather than media noise and conflicting expert opinions.
→ Clarity when it matters most.

Access is by application. Engagements and terms are tailored to each professional's mandate, scale, and needs — apply for access →

Live track record · All 8 strategies

Four years. Eight strategies.
All outperformed.

Every strategy guided by the RISP 500™ outperformed the S&P 500 benchmark over the full four-year period. Results are consistent across different asset classes, leverage levels, and RPT calibrations. The main goal of two-level strategies is to seek protection when market risks spike and remain HIGH. Three-level strategies excelled over two-level strategies by adding a new dimension: the possibility of turbo-charging performance during periods of strong bull market (when risks are LOW).

Scroll right to see all columns  ·  Best viewed in landscape
Strategy 4-Yr Return CAGR Max DD RoMaD $100k grew to
S&P 500 Strategy3-LEVELSSO / SPY / GLD · RPT-1 70% · RPT-2 90% +328.73% ~42.8% −15.97% 20.9× $428,729
Nasdaq 100 Strategy3-LEVELQLD / QQQ / GLD · RPT-1 70% · RPT-2 90% +401.00% ~48.5% −24.23% 16.9× $500,999
Volatility Strategy3-LEVELSVXY / SPY / VIXM · RPT-1 75% · RPT-2 96% +321.70% ~41.5% −18.36% 17.4× $421,702
SPY or Cash2-LEVELStrategy 1 · RPT 75% +55.81% ~11.6% −8.72% 6.4× $155,810
QQQ or Cash2-LEVELStrategy 2 · RPT 75% +77.84% ~15.6% −14.52% 5.4× $177,840
SSO or Cash2-LEVELStrategy 3 · RPT 75% +121.19% ~21.7% −18.58% 6.5× $221,190
QLD or Cash2-LEVELStrategy 4 · RPT 75% +183.33% ~29.4% −31.70% 5.8× $283,330
SVXY or Cash2-LEVELStrategy 5 · RPT 75% +207.66% ~31.4% −21.16% 9.8× $307,660
SPY (Buy & Hold Benchmark) +43.57% ~9.5% −25.36% 1.8× $143,574
Jan 1, 2022 – Dec 31, 2025 · $100,000 initial investment · Revised P&L calculation formulas on 25/1/2026 (initially published numbers were undereported; actual performance was even stronger): Please refer to the downloadable and detailed Excel spreadsheet with the entire track record including prices and formulas · Daily results verified: facebook.com/risp500 & x.com/risp500 ⬇ TRACK RECORD AUDIT: Download the entire history here - XLSX file (Click Here)

IMPORTANT: The asset combinations shown above are illustrative examples to demonstrate the SMIGRM mechanism — matching the right asset to each risk environment — not recommendations. The RISP 500™ works with any asset, any strategy, and any portfolio you already run. Readings and prices are real and captured contemporaneously; illustrative strategy results demonstrate the mechanism and are not a promise of future returns. Your own outcome depends on the assets you choose and the personalized risk thresholds you define to customize your own risk profile.

Visual performance record

Growth of $100,000
January 2022 – December 2025

Four years of compounding, live-verified. Each data point was publicly posted. Hover over the chart to inspect values at any date. MOBILE: Flip the phone to landscape orientation to view charts.

Portfolio Value · $100k initial investment
S&P 500 Strategy Nasdaq 100 Strategy Volatility Strategy SPY Benchmark
Drawdown · S&P 500 Strategy vs SPY
S&P 500 Strategy SPY
Drawdown · Nasdaq 100 Strategy vs SPY
Nasdaq 100 Strategy SPY

Monthly data points · All values computed from publicly posted daily results · Chart data updated manually · MOBILE: Flip the phone to landscape orientation to view charts.

How it works

Risk measurement
as the primary input.

SMIGRM inverts the conventional portfolio management paradigm. Instead of selecting assets and then managing risk, the RISP 500™ measures risk first — and asset allocation naturally becomes obvious from that assessment. And yes, it works with any portfolio and any strategy the practitioner currently uses; it won't conflict; rather it will strenghten the practitioner's existing strategies.

01 / MEASURE
The RISP 500™ Indicator
More than 15 variables — spanning the VIX complex, fixed income and equity markets, macroeconomic leading indicators, and Fed policy expectations — synthesised into a single and convenient daily percentile-ranked risk score. Calculated each morning between 10:00–10:30am ET.
15+ variables · daily composite score
02 / DECIDE
Risk Percentile Threshold
Each subscriber sets two personalised RPTs — RPT-2 is the level above which portfolios rotate to safety. RPT-1 is the level below which portfolios rotate to accelerate wealth. Fully personalised: lower thresholds for conservative clients and higher ones for aggressive clients. Only when the RISP 500™ crosses a RPT is an action taken. Most days, no action is needed.
~1 trade per 2 weeks average turnover
03 / ROTATE
Context-Dependent Dynamic Allocation
Contrary to the industry-standard fixed allocation — which ignores market regimes and depends entirely on the correlation assumption holding — SMIGRM dynamically changes allocation in response to the actual risk environment. Three-level strategies provide granular control; two-level strategies provide simplicity. All using liquid ETFs, all executable in minutes.
<5 min per day to implement: can't be easier!
Daily indicator · rolling 250-day window

The RISP 500™ reading
over the past 12 months.

Each data point is the daily composite risk reading — a percentile rank from 0 to 100 relative to all observations since April 2008. The shaded zones show the three allocation levels: below RPT-1 (RISK-ON: take aggressive positions), between RPT-1 and RPT-2 (NEUTRAL: intermediate risk level), above RPT-2 (RISK-OFF: take defensive positions).

RISP 500™ Daily Reading · Last 250 Business Days
Risk-On (below RPT-1) Intermediate (RPT-1 to RPT-2) Defensive (above RPT-2)

Shaded zones based on standard RPT-1 = 70% · RPT-2 = 90% · Updated daily after market close · Data sourced from live Excel tracker

The indicator

More than 15 variables.
One indicator.

A detective walks into a crime scene. To an untrained eye it's chaos — but the clues are sitting in plain view, and the skilled reader reconstructs what actually happened. The market leaves clues too. Every day, the VIX complex and the equity-derivatives market price in the collective risk assessment of every serious participant. That data is public. Reading what it means takes a trained instrument.

The RISP 500™ composite is built from variables that most practitioners track separately but never synthesise into a single accurate risk profile. The volatility complex alone — VRP, VIX, VVIX, term structures, roll yield — encodes the forward-looking risk assessments of the volatility dealers who price and hedge institutional downside protection for a living.

Ask yourself what is most accurate: your opinion, his or her opinion, or the market's collective assessment scanned and captured in real time? Also, a forecast or a measurement? The composite produces a historically calibrated percentile rank that answers this question objectively every single day. No subjectivity, no bias, no b/s. 100% data-based measured fresh in real-time from the markets. Period.

Volatility Complex
› Volatility Risk Premium (VRP)
› VIX — CBOE Volatility Index
› VIX Cash Term Structure
› VIX Futures Term Structure
› Roll Yield (contango / backwardation)
› VVIX — Volatility of volatility (VIX)
Equity and Fixed Income
› MOVE Index (bond market volatility)
› Yield Curve Inversions
› Equity Risk Premium (ERP)
Macro & Policy
› Leading Economic Indicators (LEI)
› Fed Rate Hike / Cut Probabilities
› Additional variables (proprietary)
2022
The year that proved the framework

The year stocks and bonds fell together.

In 2022, the S&P 500 fell 19.48%. Bonds fell simultaneously. Every diversified portfolio lost money. The 60/40 model — the industry's most popular portfolio allocation model — failed regardless of the stock-to-bond ratio.

The RISP 500™ S&P 500 Strategy returned +41.67% the same year. Not in a backtest like every single previous crashes the RISP 500™ caught early (e.g., 2008 GFC, 2018 Volgameddon, 2020 Coronavirus, etc.). For 2022 and beyond: A live, publicly posted, daily-verified result.

This single-year differential — 61 percentage points in one calendar year — is the empirical proof of concept for the framework's core mechanism: de-risking the position on rising market risks and re-risking the position on falling market risks. The goal is not predict the market (it's impossible). It's to identify and understand the changing context fast to take action early.

+41.67%
S&P 500 Strategy
2022 annual return
−19.48%
SPY Benchmark
2022 annual return
−15.97%
Max Drawdown
Strategy (4-year)
−25.36%
Max Drawdown
SPY (4-year)
$428,729
S&P 500 Strategy · $100k grew to
vs $143,574 for SPY · Jan 2022 – Dec 2025
2022–25
Four years that had it all

Bull, bear, a few crashes, and everything in between.

In all four years (2022-2025), the RISP 500™ S&P 500 Strategy returned +328.73% vs. 43.57% for the SPY ETF over the same period. Impressive, yes, but the most important feature is that it beat the benchmark with significantly lower drawdowns: −15.97% vs. −25.36% for the SPY. As a result, the Strategy's return-to-risk ratio measured by RoMaD was substantially stronger: 20.9× vs. 1.8× for the benchmark SPY ETF over the period.

This is the empirical proof of concept for the framework's core mechanism: de-risking the position on rising market risks and re-risking the position on falling market risks.

Not a backtest. A live, publicly posted (Facebook and X), daily-verified result. We post it every day after the close or in the next morning before the market opens. For total transparency, you can download the entire daily history with the daily RISP 500™ reading, executed prices, and P&L calculation here (Excel file):

⬇ AUDIT: Download the entire history here - Detailed XLSX file (including formulas)
+328.73%
S&P 500 Strategy
Total return 2022–2025
+43.57%
SPY Benchmark
Total return 2022–2025
−15.97%
Strategy Max Drawdown
4-year period
−25.36%
SPY Max Drawdown
4-year period
20.9×
Strategy RoMaD
Return over Max Drawdown
1.8×
SPY RoMaD
Return over Max Drawdown
$428,729
S&P 500 Strategy
$100k grew to · Jan 2022 – Dec 2025
$143,574
SPY Benchmark
$100k grew to · same period
OUR PUBLISHED RESEARCH SERIES

Research Paper No. 1 — SMIGRM: A Context-Dependent Dynamic Asset Allocation Framework (Shauy 2026)

Published on SSRN. Submitted to Journal of Investing. Full methodology, four-year live trading evidence, literature review, and statistical analysis. Free download.

Research Paper No. 2 — A Systematic Evaluation of Mainstream Technical Indicators for Whipsaw Detection in Tactical Equity Strategies (Shauy 2026)

Average Directional Index (ADX), Choppiness Index, Kaufman Efficiency Ratio, Hurst Exponent, and Bollinger Band Width. Published on SSRN. Free download.

Research Paper No. 3 — SWORD 1.1: Market Whipsaw Detection and Avoidance Model (Shauy 2026)

Published on SSRN. The Whipsaw Problem — Part II: the SWORD detection model and empirical validation working together with the RISP 500™. Free download.

What's included

Not just a daily number.
A working relationship.

Every engagement includes the daily reading — but for a serious professional, that's the starting point, not the whole of it. Here's the full infrastructure behind the RISP 500™.

📈
Daily Delivery
• The daily RISP 500™ reading, delivered by 10:00–11:00am ET
• Intraday alerts if your risk threshold is crossed
• Weekly strategy performance vs. the SPY benchmark
• Full archive — every reading since January 2022
• Monthly market commentary — the context behind the number
⚙️
Calibration & Configuration
• Custom threshold calibration, backtested against 15 years of RISP 500™ history for your specific asset set
• Multiple personalised strategy configurations
• Ongoing recalibration as your book evolves
• SWORD whipsaw-detection alerts
📋
Documentation & Compliance
• Quarterly attribution reports, built for IPS files and compliance documentation
• Full methodology documentation, written in your firm's language
• A defensible, systematic process you can explain to clients and regulators alike

Every engagement is different. The conversation is how we determine which of this you actually need — and tailor terms to your mandate, scale, and goals.

Start here

See it work before you
decide anything.

The RISP 500™ is an experience good — its real value becomes clear only when you live through a genuine market moment with it and watch what it tells you, in real time, when it counts. So that's the invitation: join the founding cohort, receive the daily reading for 60 days, and see exactly what it calls as the market moves. No payment now. You experience the instrument first, then decide.

1
Tell us your goals & risk profile
→
2
Receive the daily reading
→
3
Watch what it calls, in real time
→
4
Decide when you've seen enough
Apply to the founding cohort →

No payment required · Founding members lock in founding terms · A short intake keeps what you see calibrated to your situation

From subscribers

What practitioners
are saying.

From independent RIAs in California to hedge fund managers in New York, family offices in Germany, and fund managers in Brazil — the RISP 500™ is trusted by practitioners managing real capital.

APRIL 2025 · LIBERATION DAY EVENT · PRIVATE INVESTOR

"Saved me from the current melt down on SPY and my entire portfolio (April 2 Liberation Day)"

— David C.  ·  Private investor, New York, USA
AFTER 4 MONTHS OF USE · REGISTERED INVESTMENT ADVISOR

"I've been using the system for about four months, and so far, I see great potential. I love how it simplifies trading by first determining your risk threshold and then using that as a clear guide for decision-making. It's reassuring to be out of the market during periods of high volatility while others are panicking. While time will ultimately tell, my experience so far has been very positive. Thank you!"

— Steve M.  ·  Registered Investment Advisor, California, USA
DAILY ACCURACY & COMFORT · HEDGE FUND MANAGER

"I found the daily report very clear and accurate. RISP 500 gives me an important additional degree of comfort that I will not overexpose my positions in an unpredictable volatile market. Thanks!"

— Ross F.  ·  Hedge Fund Manager, New York, USA
TRUST & CLIENT IMPACT · SINGLE FAMILY OFFICE

"Reliance is the most important part in a business relationship. We receive the daily risk indicator produced by Risk Scientific LLC. It has this diferencial. The system this company developed gained our trust. It makes a huge difference for our clients."

— Leo Z.  ·  Single Family Office Investment Manager, Frankfurt, Germany
SAFE & CONSISTENT RETURNS · PRIVATE INVESTOR

"Sidney has been a treasure in my way to understand the market. Thanks to his method I can invest in a safe and constant way in order to achieve my financial goals."

— Sandra E.  ·  Private investor, Lisbon, Portugal
FREE TRIAL CONVERTED TO SUBSCRIBER · FINANCIAL ADVISOR · SÃO PAULO, BRAZIL

"O seu Sistema de Controle de risco foi indicado por um colega do mercado financeiro numa conversa informal. Confesso que fiquei cético quando ele falou dos resultados de bater o S&P 500 todo ano. Tem muita gente picareta aqui no Brasil então a gente fica desconfiado naturalmente, né? Mas ainda bem que decidi fazer o free trial, pois fez toda a diferença. Durante o free trial mesmo, já me deu resultado e passei a implementar nas carteiras dos meus clientes. Já sou seu assinante e mais que isso, virei seu fã."

— Lucas M.  ·  Private investor & financial advisor, São Paulo, Brazil
DAILY CLARITY & MARKET INSIGHT · PRIVATE INVESTOR

"I love the information that is provided on a daily basis. Sidney's market analysis helps me to see how the markets are responding to various factors. I believe this method is the safest and most effective way to invest."

— Amelia R.  ·  Private investor, Boston, USA
LIFE-CHANGING IMPACT · PRIVATE INVESTOR

"Thank you for changing my life."

— Robert K.  ·  Private investor, Ottawa, Canada
Due diligence

Frequently asked questions
from financial professionals.

Ten questions answered at practitioner depth — for RIAs, fund managers, and institutional allocators doing real due diligence.