Evergreen Hydra
Systematic U.S. large-cap equity

Concentrated leadership.
Automated risk control.

Evergreen Hydra holds a basket of the highest-ranked S&P 500 companies from a proprietary multi-factor model, with systematic risk controls built in.

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Fund not yet launched. Results marked Simulated are hypothetical backtests, not actual trading. See disclosures below.

Performance summary

Simulated 1996–2026 vs. S&P 500 Total Return. Live results reported separately.

Annualized return (Simulated)
21.76%
S&P 500: 9.68% (12-Yr Roll Avg)
Sharpe ratio
0.79
S&P 500: 0.44
Maximum drawdown
−35.8%
S&P 500: about −55.2% (2007–09)
5-year rolling periods profitable
100%
Worst 5-year period: +94.6%
Growth of $10,000, normalized trajectory
Strategy vs. S&P 500 Total Return Benchmark (1996–2026 Daily NAV Series)
Market Closed • Static EOD
Presets:
$
Today's Return
+0.000%
+0.0% Range
Today's S&P 500
+0.00%
$0.00 SPY
Evergreen Hydra
+55.1%
$15,510 on $10k
S&P 500 (SPY)
+13.4%
$11,340 on $10k
Alpha Spread
+41.7%
+$4,170 Spread
As of Date
Oct 20, 2026
7,751 Days
Full Strategy Statistics (1996–2026)
Metric Evergreen Hydra (simulated) S&P 500 TR
Annualized return (CAGR) 21.76% (Roll Avg) / 41.34% (Full) 9.68% (Roll Avg) / 10.41% (Full)
Annualized volatility 35.36% 19.16%
Sharpe ratio / Sortino ratio 0.79 / 1.89 0.44 / 0.62
Maximum drawdown −35.83% −55.19% (2007–09)
Beta / correlation to S&P 500 0.69 / 0.37 1.00 / 1.00
Calendar years beating index 25 of 31 (80.6%) –
Annual turnover ~180% –

How the strategy works

01 · Selection

A basket of leaders, ranked daily

A proprietary multi-factor model scores liquid S&P 500 constituents. The portfolio holds a concentrated basket of the highest-ranked names, with position-level stops limiting the impact of any single exit.

02 · Risk control

Rules-based risk controls

Risk controls are systematic and run automatically alongside selection. Trailing position stops trigger cash reallocation when momentum falters, and wash-sale tracking is built in for taxable accounts.

03 · Limitations

When it lags the index

Narrow, index-led rallies and choppy sideways years, such as 1997, 2006, and 2021. Concentration also means sharp interim drawdowns, often soon after entry before leadership clarifies.

Behavior in market stress (simulated, calendar-year returns)
Period Evergreen Hydra S&P 500
2000 (dot-com peak) −9.3% (NASDAQ was −39.3%) −8.9%
2008 (financial crisis) −14.0% (+22.2% Alpha) −36.2%
2020 (COVID crash) +125.0% (+107.8% Alpha) +17.2%
2022 (Bear market) +12.6% (+31.2% Alpha) −18.6%
12-Year Rolling Series

144-Month Historical Investment Roll

Terminal value today of a $10,000 lump-sum investment initiated on the first trading day of each of the past 144 consecutive calendar months (Nov 2014 – Oct 2026). Values dynamically re-index in real-time every 5 seconds.

Total Cohorts
144 Months
Nov 2014 – Oct 2026
Base Allocation
$10,000
First Trading Day of Month
Profitable Cohorts
97.9%
141 of 144 in Profit
Showing 144 of 144 cohorts
a $10,000 investment in Oct 2026 would be worth $9,078.81 today
-9.2% 0.1y N/A
a $10,000 investment in Sep 2026 would be worth $10,434 today
+4.3% 0.1y N/A
a $10,000 investment in Aug 2026 would be worth $10,724 today
+7.2% 0.2y N/A
a $10,000 investment in Jul 2026 would be worth $8,913.55 today
-10.9% 0.3y N/A
a $10,000 investment in Jun 2026 would be worth $9,274.30 today
-7.3% 0.4y N/A
a $10,000 investment in May 2026 would be worth $13,180 today
+31.8% 0.5y N/A
a $10,000 investment in Apr 2026 would be worth $14,464 today
+44.6% 0.5y +97.5%/yr
a $10,000 investment in Mar 2026 would be worth $12,978 today
+29.8% 0.6y +51.8%/yr
a $10,000 investment in Feb 2026 would be worth $12,544 today
+25.4% 0.7y +38.2%/yr
a $10,000 investment in Jan 2026 would be worth $15,380 today
+53.8% 0.8y +73.0%/yr
a $10,000 investment in Dec 2025 would be worth $16,465 today
+64.7% 0.9y +77.0%/yr
a $10,000 investment in Nov 2025 would be worth $16,295 today
+62.9% 1.0y +67.2%/yr
a $10,000 investment in Oct 2025 would be worth $19,212 today
+92.1% 1.0y +87.3%/yr
a $10,000 investment in Sep 2025 would be worth $21,251 today
+112.5% 1.1y +96.0%/yr
a $10,000 investment in Aug 2025 would be worth $19,865 today
+98.6% 1.2y +76.6%/yr
a $10,000 investment in Jul 2025 would be worth $18,909 today
+89.1% 1.3y +63.7%/yr
a $10,000 investment in Jun 2025 would be worth $19,730 today
+97.3% 1.4y +64.1%/yr
a $10,000 investment in May 2025 would be worth $20,797 today
+108.0% 1.5y +65.2%/yr
a $10,000 investment in Apr 2025 would be worth $20,625 today
+106.2% 1.5y +59.9%/yr
a $10,000 investment in Mar 2025 would be worth $19,808 today
+98.1% 1.6y +52.5%/yr
a $10,000 investment in Feb 2025 would be worth $20,931 today
+109.3% 1.7y +54.5%/yr
a $10,000 investment in Jan 2025 would be worth $21,767 today
+117.7% 1.8y +54.6%/yr
a $10,000 investment in Dec 2024 would be worth $20,812 today
+108.1% 1.9y +48.0%/yr
a $10,000 investment in Nov 2024 would be worth $23,259 today
+132.6% 2.0y +54.0%/yr
a $10,000 investment in Oct 2024 would be worth $22,837 today
+128.4% 2.0y +49.9%/yr
a $10,000 investment in Sep 2024 would be worth $21,670 today
+116.7% 2.1y +44.1%/yr
a $10,000 investment in Aug 2024 would be worth $21,353 today
+113.5% 2.2y +41.0%/yr
a $10,000 investment in Jul 2024 would be worth $17,461 today
+74.6% 2.3y +27.5%/yr
a $10,000 investment in Jun 2024 would be worth $17,063 today
+70.6% 2.4y +25.3%/yr
a $10,000 investment in May 2024 would be worth $20,524 today
+105.2% 2.5y +34.0%/yr
a $10,000 investment in Apr 2024 would be worth $19,075 today
+90.7% 2.5y +28.9%/yr
a $10,000 investment in Mar 2024 would be worth $22,149 today
+121.5% 2.6y +35.4%/yr
a $10,000 investment in Feb 2024 would be worth $24,032 today
+140.3% 2.7y +38.3%/yr
a $10,000 investment in Jan 2024 would be worth $25,541 today
+155.4% 2.8y +40.0%/yr
a $10,000 investment in Dec 2023 would be worth $26,603 today
+166.0% 2.9y +40.5%/yr
a $10,000 investment in Nov 2023 would be worth $27,826 today
+178.3% 3.0y +41.4%/yr
a $10,000 investment in Oct 2023 would be worth $28,364 today
+183.6% 3.0y +40.9%/yr
a $10,000 investment in Sep 2023 would be worth $25,283 today
+152.8% 3.1y +34.6%/yr
a $10,000 investment in Aug 2023 would be worth $24,141 today
+141.4% 3.2y +31.6%/yr
a $10,000 investment in Jul 2023 would be worth $26,697 today
+167.0% 3.3y +34.8%/yr
a $10,000 investment in Jun 2023 would be worth $28,712 today
+187.1% 3.4y +36.7%/yr
a $10,000 investment in May 2023 would be worth $35,106 today
+251.1% 3.5y +43.7%/yr
a $10,000 investment in Apr 2023 would be worth $35,168 today
+251.7% 3.5y +42.7%/yr
a $10,000 investment in Mar 2023 would be worth $35,860 today
+258.6% 3.6y +42.2%/yr
a $10,000 investment in Feb 2023 would be worth $34,294 today
+242.9% 3.7y +39.5%/yr
a $10,000 investment in Jan 2023 would be worth $32,599 today
+226.0% 3.8y +36.7%/yr
a $10,000 investment in Dec 2022 would be worth $30,979 today
+209.8% 3.9y +33.9%/yr
a $10,000 investment in Nov 2022 would be worth $33,604 today
+236.0% 4.0y +35.8%/yr
a $10,000 investment in Oct 2022 would be worth $37,114 today
+271.1% 4.0y +38.4%/yr
a $10,000 investment in Sep 2022 would be worth $33,076 today
+230.8% 4.1y +33.7%/yr
a $10,000 investment in Aug 2022 would be worth $33,035 today
+230.3% 4.2y +32.8%/yr
a $10,000 investment in Jul 2022 would be worth $45,489 today
+354.9% 4.3y +42.3%/yr
a $10,000 investment in Jun 2022 would be worth $42,749 today
+327.5% 4.4y +39.4%/yr
a $10,000 investment in May 2022 would be worth $42,869 today
+328.7% 4.5y +38.6%/yr
a $10,000 investment in Apr 2022 would be worth $44,766 today
+347.7% 4.5y +39.1%/yr
a $10,000 investment in Mar 2022 would be worth $48,725 today
+387.2% 4.6y +40.8%/yr
a $10,000 investment in Feb 2022 would be worth $48,993 today
+389.9% 4.7y +40.2%/yr
a $10,000 investment in Jan 2022 would be worth $43,822 today
+338.2% 4.8y +36.2%/yr
a $10,000 investment in Dec 2021 would be worth $42,886 today
+328.9% 4.9y +34.8%/yr
a $10,000 investment in Nov 2021 would be worth $46,488 today
+364.9% 5.0y +36.4%/yr
a $10,000 investment in Oct 2021 would be worth $51,515 today
+415.2% 5.0y +38.4%/yr
a $10,000 investment in Sep 2021 would be worth $46,326 today
+363.3% 5.1y +34.9%/yr
a $10,000 investment in Aug 2021 would be worth $49,542 today
+395.4% 5.2y +36.0%/yr
a $10,000 investment in Jul 2021 would be worth $46,782 today
+367.8% 5.3y +33.8%/yr
a $10,000 investment in Jun 2021 would be worth $45,895 today
+358.9% 5.4y +32.8%/yr
a $10,000 investment in May 2021 would be worth $47,125 today
+371.3% 5.5y +32.9%/yr
a $10,000 investment in Apr 2021 would be worth $45,134 today
+351.3% 5.5y +31.3%/yr
a $10,000 investment in Mar 2021 would be worth $42,636 today
+326.4% 5.6y +29.4%/yr
a $10,000 investment in Feb 2021 would be worth $39,862 today
+298.6% 5.7y +27.4%/yr
a $10,000 investment in Jan 2021 would be worth $44,647 today
+346.5% 5.8y +29.5%/yr
a $10,000 investment in Dec 2020 would be worth $53,597 today
+436.0% 5.9y +33.1%/yr
a $10,000 investment in Nov 2020 would be worth $70,880 today
+608.8% 6.0y +39.0%/yr
a $10,000 investment in Oct 2020 would be worth $65,135 today
+551.4% 6.0y +36.4%/yr
a $10,000 investment in Sep 2020 would be worth $61,133 today
+511.3% 6.1y +34.4%/yr
a $10,000 investment in Aug 2020 would be worth $80,577 today
+705.8% 6.2y +40.0%/yr
a $10,000 investment in Jul 2020 would be worth $93,984 today
+839.8% 6.3y +42.8%/yr
a $10,000 investment in Jun 2020 would be worth $92,834 today
+828.3% 6.4y +41.8%/yr
a $10,000 investment in May 2020 would be worth $106,429 today
+964.3% 6.5y +44.2%/yr
a $10,000 investment in Apr 2020 would be worth $120,492 today
+1,104.9% 6.5y +46.3%/yr
a $10,000 investment in Mar 2020 would be worth $110,360 today
+1,003.6% 6.6y +43.7%/yr
a $10,000 investment in Feb 2020 would be worth $103,825 today
+938.2% 6.7y +41.8%/yr
a $10,000 investment in Jan 2020 would be worth $124,095 today
+1,141.0% 6.8y +44.9%/yr
a $10,000 investment in Dec 2019 would be worth $140,490 today
+1,304.9% 6.9y +46.9%/yr
a $10,000 investment in Nov 2019 would be worth $131,989 today
+1,219.9% 7.0y +44.9%/yr
a $10,000 investment in Oct 2019 would be worth $135,953 today
+1,259.5% 7.0y +44.9%/yr
a $10,000 investment in Sep 2019 would be worth $121,348 today
+1,113.5% 7.1y +42.0%/yr
a $10,000 investment in Aug 2019 would be worth $115,973 today
+1,059.7% 7.2y +40.5%/yr
a $10,000 investment in Jul 2019 would be worth $156,350 today
+1,463.5% 7.3y +45.8%/yr
a $10,000 investment in Jun 2019 would be worth $169,912 today
+1,599.1% 7.4y +46.9%/yr
a $10,000 investment in May 2019 would be worth $161,982 today
+1,519.8% 7.5y +45.2%/yr
a $10,000 investment in Apr 2019 would be worth $184,250 today
+1,742.5% 7.5y +47.2%/yr
a $10,000 investment in Mar 2019 would be worth $194,511 today
+1,845.1% 7.6y +47.6%/yr
a $10,000 investment in Feb 2019 would be worth $203,068 today
+1,930.7% 7.7y +47.8%/yr
a $10,000 investment in Jan 2019 would be worth $209,122 today
+1,991.2% 7.8y +47.8%/yr
a $10,000 investment in Dec 2018 would be worth $200,305 today
+1,903.1% 7.9y +46.4%/yr
a $10,000 investment in Nov 2018 would be worth $201,563 today
+1,915.6% 8.0y +45.9%/yr
a $10,000 investment in Oct 2018 would be worth $149,129 today
+1,391.3% 8.0y +39.9%/yr
a $10,000 investment in Sep 2018 would be worth $156,294 today
+1,462.9% 8.1y +40.3%/yr
a $10,000 investment in Aug 2018 would be worth $187,875 today
+1,778.7% 8.2y +43.0%/yr
a $10,000 investment in Jul 2018 would be worth $163,056 today
+1,530.6% 8.3y +40.0%/yr
a $10,000 investment in Jun 2018 would be worth $165,223 today
+1,552.2% 8.4y +39.8%/yr
a $10,000 investment in May 2018 would be worth $201,333 today
+1,913.3% 8.5y +42.6%/yr
a $10,000 investment in Apr 2018 would be worth $210,497 today
+2,005.0% 8.5y +42.9%/yr
a $10,000 investment in Mar 2018 would be worth $225,425 today
+2,154.3% 8.6y +43.5%/yr
a $10,000 investment in Feb 2018 would be worth $226,258 today
+2,162.6% 8.7y +43.1%/yr
a $10,000 investment in Jan 2018 would be worth $213,587 today
+2,035.9% 8.8y +41.7%/yr
a $10,000 investment in Dec 2017 would be worth $214,588 today
+2,045.9% 8.9y +41.3%/yr
a $10,000 investment in Nov 2017 would be worth $216,811 today
+2,068.1% 9.0y +41.0%/yr
a $10,000 investment in Oct 2017 would be worth $234,700 today
+2,247.0% 9.0y +41.8%/yr
a $10,000 investment in Sep 2017 would be worth $241,707 today
+2,317.1% 9.1y +41.8%/yr
a $10,000 investment in Aug 2017 would be worth $245,827 today
+2,358.3% 9.2y +41.6%/yr
a $10,000 investment in Jul 2017 would be worth $250,924 today
+2,409.2% 9.3y +41.5%/yr
a $10,000 investment in Jun 2017 would be worth $236,161 today
+2,261.6% 9.4y +40.1%/yr
a $10,000 investment in May 2017 would be worth $248,695 today
+2,387.0% 9.5y +40.5%/yr
a $10,000 investment in Apr 2017 would be worth $251,057 today
+2,410.6% 9.5y +40.2%/yr
a $10,000 investment in Mar 2017 would be worth $249,380 today
+2,393.8% 9.6y +39.7%/yr
a $10,000 investment in Feb 2017 would be worth $259,326 today
+2,493.3% 9.7y +39.9%/yr
a $10,000 investment in Jan 2017 would be worth $267,677 today
+2,576.8% 9.8y +39.9%/yr
a $10,000 investment in Dec 2016 would be worth $322,600 today
+3,126.0% 9.9y +42.2%/yr
a $10,000 investment in Nov 2016 would be worth $356,536 today
+3,465.4% 10.0y +43.2%/yr
a $10,000 investment in Oct 2016 would be worth $354,750 today
+3,447.5% 10.0y +42.7%/yr
a $10,000 investment in Sep 2016 would be worth $363,508 today
+3,535.1% 10.1y +42.6%/yr
a $10,000 investment in Aug 2016 would be worth $393,025 today
+3,830.2% 10.2y +43.3%/yr
a $10,000 investment in Jul 2016 would be worth $421,259 today
+4,112.6% 10.3y +43.8%/yr
a $10,000 investment in Jun 2016 would be worth $436,989 today
+4,269.9% 10.4y +43.9%/yr
a $10,000 investment in May 2016 would be worth $490,270 today
+4,802.7% 10.5y +45.1%/yr
a $10,000 investment in Apr 2016 would be worth $476,442 today
+4,664.4% 10.5y +44.3%/yr
a $10,000 investment in Mar 2016 would be worth $508,495 today
+4,985.0% 10.6y +44.7%/yr
a $10,000 investment in Feb 2016 would be worth $512,517 today
+5,025.2% 10.7y +44.4%/yr
a $10,000 investment in Jan 2016 would be worth $490,270 today
+4,802.7% 10.8y +43.5%/yr
a $10,000 investment in Dec 2015 would be worth $472,950 today
+4,629.5% 10.9y +42.6%/yr
a $10,000 investment in Nov 2015 would be worth $500,361 today
+4,903.6% 11.0y +42.9%/yr
a $10,000 investment in Oct 2015 would be worth $548,997 today
+5,390.0% 11.0y +43.7%/yr
a $10,000 investment in Sep 2015 would be worth $529,162 today
+5,191.6% 11.1y +42.9%/yr
a $10,000 investment in Aug 2015 would be worth $511,714 today
+5,017.1% 11.2y +42.1%/yr
a $10,000 investment in Jul 2015 would be worth $567,039 today
+5,570.4% 11.3y +43.0%/yr
a $10,000 investment in Jun 2015 would be worth $563,896 today
+5,539.0% 11.4y +42.5%/yr
a $10,000 investment in May 2015 would be worth $619,908 today
+6,099.1% 11.5y +43.3%/yr
a $10,000 investment in Apr 2015 would be worth $583,749 today
+5,737.5% 11.5y +42.2%/yr
a $10,000 investment in Mar 2015 would be worth $577,839 today
+5,678.4% 11.6y +41.8%/yr
a $10,000 investment in Feb 2015 would be worth $648,646 today
+6,386.5% 11.7y +42.8%/yr
a $10,000 investment in Jan 2015 would be worth $655,693 today
+6,456.9% 11.8y +42.6%/yr
a $10,000 investment in Dec 2014 would be worth $666,911 today
+6,569.1% 11.9y +42.4%/yr
a $10,000 investment in Nov 2014 would be worth $695,768 today
+6,857.7% 12.0y +42.6%/yr

Team

JW
Jay Westerdal
Founder, Portfolio Manager

Founder of Westerdal Quant Fund Management LLC. Veteran technology executive and quantitative researcher developing systematic equity momentum algorithms, automated stop-loss execution engines, and risk management models over two decades.

Infrastructure & Prime Brokerage

Prime Broker & Custodian: Interactive Brokers LLC
Market Data: Polygon.io / Financial Modeling Prep
Execution Architecture: Automated API Execution

For accredited investors

Request the investor deck, whitepaper, and full monthly return series. We respond within two business days.