P&L Chart
39.70%

Monthly P&L

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2025 4.61% 7.64% 2.02% -3.47% -0.88% 1.96% -1.41% 4.98%
15.98%
2026 8.04% 6.66% 4.10% -0.74% 3.27% -2.05%
20.45%

Key statistics

Paper BCOM Bloomberg Commodity Index LMEX
Annual Sharpe Ratio * 1.89 0.76 1.48
Annual Return 30.67% 19.57% 29.88%
Annual Volatility 14.18% 20.64% 17.56%
Max Drawdown 8.77% 13.20% 10.32%
Avg Turnover 3.96% 0.00% 0.00%
Correlation with Benchmarks 1.0 0.06 0.05

* Adjusted for the risk-free rate using the U.S. 3-month Treasury bill.

Risk Metrics

VaR (95%) CVaR (95%) VaR (99%) CVaR (99%)
1.22% 1.74% 2.20% 2.46%
VaR (Value at Risk): Estimate of maximum expected daily loss at a given confidence level.
CVaR (Conditional Value at Risk): Average loss when losses exceed VaR. Also known as Expected Shortfall.

Target Lots

Date Aluminium Copper Nickel Lead Tin Zinc
16 June 2 0 2 2 -1 -4
17 June 3 0 2 2 -1 -4
18 June 3 0 2 1 -1 -4
19 June 3 0 2 1 -1 -4
22 June 2 1 1 0 -1 -2
23 June 1 1 1 -2 0 -4
24 June 2 1 1 -1 0 -4
25 June 2 1 0 -1 0 -4
26 June 3 1 0 -1 0 -4
29 June 3 1 1 -1 1 -3
* We have an execution delay of 1 day. Positions generated on the day "t" will be executed on the day "t+1".

Target positions

Date Aluminium Copper Nickel Lead Tin Zinc
16 June
$166,910
-$6,966
$269,430
$119,615
-$206,876
-$352,506
17 June
$233,569
$13,530
$238,229
$119,615
-$280,246
-$352,506
18 June
$280,115
$65,925
$238,229
$43,313
-$242,655
-$352,506
19 June
$229,236
$145,588
$238,229
$58,820
-$277,344
-$352,506
22 June
$166,157
$280,788
$143,867
-$19,813
-$376,017
-$184,915
23 June
$112,283
$340,867
$96,862
-$78,753
-$123,086
-$337,225
24 June
$141,681
$340,867
$78,099
-$67,986
-$87,292
-$337,225
25 June
$163,332
$340,867
$46,380
-$67,986
$11,830
-$337,225
26 June
$257,273
$340,867
$46,380
-$42,326
$112,332
-$337,225
29 June
$257,273
$293,521
$51,468
-$57,139
$250,189
-$250,028
* Target positions calculated in OpenSim platform, real dollar positions could differ due to lot roundings.
P&L Comparison — June 2026
Date P&L Comparison Diff attribution (= Net Δ)
 Paper Net P&L  Live Net P&L  Net Δ  Prompts Δ  Fees Δ  Lots Δ
30 June
-1.04%
-1.13%
-0.09%
-0.11%
0.02%
0%
29 June
-1.32%
-1.31%
0.01%
0%
0%
0%
26 June
-0.28%
-0.28%
0%
-0.01%
0.01%
0%
25 June
0.87%
0.88%
0.01%
0%
0.01%
0%
24 June
-0.82%
-0.79%
0.04%
0.01%
0.03%
0%
23 June
1.77%
1.81%
0.04%
0%
0.04%
0%
22 June
-1.95%
-2.00%
-0.05%
-0.05%
0%
0%
19 June
1.20%
1.24%
0.04%
0.03%
0%
0%
18 June
-0.03%
-0.06%
-0.03%
-0.04%
0.01%
0%
17 June
-0.11%
-0.07%
0.04%
-0.02%
0.07%
0%