← 返回策略总览
全天候动量 (All-Weather Momentum)
Ray Dalio All-Weather + Antonacci Dual Momentum · 独立策略页 · 逐日净值随行情更新
行情最新日期：2026-08-26 · 回测计算包含每日净值序列，月底信号、下月执行
全天候动量 (All-Weather Momentum)
Ray Dalio All-Weather + Antonacci Dual Momentum
- 1资产池: SPY (美股) / TLT (长债) / GLD (黄金) / DBC (大宗商品)，覆盖经济四象限
- 2月末按 12 月动量排序，取 Top-2 等权 (50/50) — 跨周期分散，避免单一资产 concentration
- 3任何 Top-2 中资产的 12 月动量 < BIL (短债) → 该 slot 切现金，等于 Antonacci 的绝对动量过滤
- 4回测起点 2011-01 (需要 12 月 lookback)。覆盖经济四象限分散风险，与单一股票/债券策略低相关
—
当前信号（2026-08-26）
DBC 38.5% | GLD 35.0%
年化收益
+7.9%
年化波动
+11.9%
Sharpe
0.50
最大回撤
-19.9%
Calmar
0.40
SPY 年化
+12.3%
60/40 年化
+7.4%
净值与回撤
调仓日志
共 188 次调仓，月度再平衡
| 日期 | 持仓 |
|---|---|
| 2026-07-31 | DBC 50%GLD 50% |
| 2026-06-30 | DBC 50%SPY 50% |
| 2026-05-29 | DBC 50%GLD 50% |
| 2026-04-30 | DBC 50%GLD 50% |
| 2026-03-31 | GLD 50%DBC 50% |
| 2026-02-27 | GLD 50%SPY 50% |
| 2026-01-30 | GLD 50%SPY 50% |
| 2025-12-31 | GLD 50%SPY 50% |
| 2025-11-28 | GLD 50%SPY 50% |
| 2025-10-31 | GLD 50%SPY 50% |
| 2025-09-30 | GLD 50%SPY 50% |
| 2025-08-29 | GLD 50%SPY 50% |
| 2025-07-31 | GLD 50%SPY 50% |
| 2025-06-30 | GLD 50%SPY 50% |
| 2025-05-30 | GLD 50%SPY 50% |
| 2025-04-30 | GLD 50%SPY 50% |
| 2025-03-31 | GLD 50%SPY 50% |
| 2025-02-28 | GLD 50%SPY 50% |
| 2025-01-31 | GLD 50%SPY 50% |
| 2024-12-31 | GLD 50%SPY 50% |
| 2024-11-29 | SPY 50%GLD 50% |
| 2024-10-31 | GLD 50%SPY 50% |
| 2024-09-30 | GLD 50%SPY 50% |
| 2024-08-30 | GLD 50%SPY 50% |
| 2024-07-31 | GLD 50%SPY 50% |
| 2024-06-28 | SPY 50%GLD 50% |
| 2024-05-31 | SPY 50%GLD 50% |
| 2024-04-30 | SPY 50%GLD 50% |
| 2024-03-28 | SPY 50%GLD 50% |
| 2024-02-29 | SPY 50%GLD 50% |
| 2024-01-31 | SPY 50%GLD 50% |
| 2023-12-29 | SPY 50%GLD 50% |
| 2023-11-30 | GLD 50%SPY 50% |
| 2023-10-31 | GLD 50%SPY 50% |
| 2023-09-29 | SPY 50%GLD 50% |
| 2023-08-31 | SPY 50%GLD 50% |
| 2023-07-31 | SPY 50%GLD 50% |
| 2023-06-30 | SPY 50%GLD 50% |
| 2023-05-31 | GLD 50%SPY 50% |
| 2023-04-28 | GLD 50%BIL 50% |
| 2023-03-31 | GLD 50%BIL 50% |
| 2023-02-28 | BIL 100% |
| 2023-01-31 | DBC 50%GLD 50% |
| 2022-12-30 | DBC 50%BIL 50% |
| 2022-11-30 | DBC 50%BIL 50% |
| 2022-10-31 | DBC 50%BIL 50% |
| 2022-09-30 | DBC 50%BIL 50% |
| 2022-08-31 | DBC 50%BIL 50% |
| 2022-07-29 | DBC 50%BIL 50% |
| 2022-06-30 | DBC 50%GLD 50% |
| 2022-05-31 | DBC 50%BIL 50% |
| 2022-04-29 | DBC 50%GLD 50% |
| 2022-03-31 | DBC 50%SPY 50% |
| 2022-02-28 | DBC 50%SPY 50% |
| 2022-01-31 | DBC 50%SPY 50% |
| 2021-12-31 | DBC 50%SPY 50% |
| 2021-11-30 | DBC 50%SPY 50% |
| 2021-10-29 | DBC 50%SPY 50% |
| 2021-09-30 | DBC 50%SPY 50% |
| 2021-08-31 | DBC 50%SPY 50% |
| 2021-07-30 | DBC 50%SPY 50% |
| 2021-06-30 | DBC 50%SPY 50% |
| 2021-05-28 | DBC 50%SPY 50% |
| 2021-04-30 | DBC 50%SPY 50% |
| 2021-03-31 | SPY 50%DBC 50% |
| 2021-02-26 | SPY 50%DBC 50% |
| 2021-01-29 | GLD 50%SPY 50% |
| 2020-12-31 | GLD 50%TLT 50% |
| 2020-11-30 | GLD 50%SPY 50% |
| 2020-10-30 | GLD 50%TLT 50% |
| 2020-09-30 | GLD 50%TLT 50% |
| 2020-08-31 | GLD 50%SPY 50% |
| 2020-07-31 | GLD 50%TLT 50% |
| 2020-06-30 | GLD 50%TLT 50% |
| 2020-05-29 | GLD 50%TLT 50% |
| 2020-04-30 | TLT 50%GLD 50% |
| 2020-03-31 | TLT 50%GLD 50% |
| 2020-02-28 | TLT 50%GLD 50% |
| 2020-01-31 | GLD 50%TLT 50% |
| 2019-12-31 | SPY 50%GLD 50% |
| 2019-11-29 | TLT 50%GLD 50% |
| 2019-10-31 | TLT 50%GLD 50% |
| 2019-09-30 | GLD 50%TLT 50% |
| 2019-08-30 | GLD 50%TLT 50% |
| 2019-07-31 | GLD 50%TLT 50% |
| 2019-06-28 | GLD 50%TLT 50% |
| 2019-05-31 | TLT 50%SPY 50% |
| 2019-04-30 | SPY 50%TLT 50% |
| 2019-03-29 | SPY 50%TLT 50% |
| 2019-02-28 | SPY 50%TLT 50% |
| 2019-01-31 | BIL 100% |
| 2018-12-31 | BIL 100% |
| 2018-11-30 | SPY 50%BIL 50% |
| 2018-10-31 | DBC 50%SPY 50% |
| 2018-09-28 | SPY 50%DBC 50% |
| 2018-08-31 | SPY 50%DBC 50% |
| 2018-07-31 | DBC 50%SPY 50% |
| 2018-06-29 | DBC 50%SPY 50% |
| 2018-05-31 | DBC 50%SPY 50% |
| 2018-04-30 | DBC 50%SPY 50% |
| 2018-03-29 | DBC 50%SPY 50% |
| 2018-02-28 | SPY 50%DBC 50% |
| 2018-01-31 | SPY 50%GLD 50% |
| 2017-12-29 | SPY 50%GLD 50% |
| 2017-11-30 | SPY 50%GLD 50% |
| 2017-10-31 | SPY 50%DBC 50% |
| 2017-09-29 | SPY 50%DBC 50% |
| 2017-08-31 | SPY 50%DBC 50% |
| 2017-07-31 | SPY 50%DBC 50% |
| 2017-06-30 | SPY 50%BIL 50% |
| 2017-05-31 | SPY 50%GLD 50% |
| 2017-04-28 | SPY 50%DBC 50% |
| 2017-03-31 | SPY 50%DBC 50% |
| 2017-02-28 | DBC 50%SPY 50% |
| 2017-01-31 | DBC 50%SPY 50% |
| 2016-12-30 | DBC 50%SPY 50% |
| 2016-11-30 | GLD 50%DBC 50% |
| 2016-10-31 | GLD 50%TLT 50% |
| 2016-09-30 | GLD 50%SPY 50% |
| 2016-08-31 | TLT 50%GLD 50% |
| 2016-07-29 | GLD 50%TLT 50% |
| 2016-06-30 | TLT 50%GLD 50% |
| 2016-05-31 | TLT 50%GLD 50% |
| 2016-04-29 | GLD 50%TLT 50% |
| 2016-03-31 | GLD 50%TLT 50% |
| 2016-02-29 | TLT 50%GLD 50% |
| 2016-01-29 | BIL 100% |
| 2015-12-31 | BIL 100% |
| 2015-11-30 | SPY 50%TLT 50% |
| 2015-10-30 | SPY 50%TLT 50% |
| 2015-09-30 | TLT 50%BIL 50% |
| 2015-08-31 | TLT 50%BIL 50% |
| 2015-07-31 | SPY 50%TLT 50% |
| 2015-06-30 | SPY 50%TLT 50% |
| 2015-05-29 | SPY 50%TLT 50% |
| 2015-04-30 | TLT 50%SPY 50% |
| 2015-03-31 | TLT 50%SPY 50% |
| 2015-02-27 | TLT 50%SPY 50% |
| 2015-01-30 | TLT 50%SPY 50% |
| 2014-12-31 | TLT 50%SPY 50% |
| 2014-11-28 | TLT 50%SPY 50% |
| 2014-10-31 | SPY 50%TLT 50% |
| 2014-09-30 | SPY 50%TLT 50% |
| 2014-08-29 | SPY 50%TLT 50% |
| 2014-07-31 | SPY 50%TLT 50% |
| 2014-06-30 | SPY 50%GLD 50% |
| 2014-05-30 | SPY 50%BIL 50% |
| 2014-04-30 | SPY 50%DBC 50% |
| 2014-03-31 | SPY 50%BIL 50% |
| 2014-02-28 | SPY 50%BIL 50% |
| 2014-01-31 | SPY 50%BIL 50% |
| 2013-12-31 | SPY 50%BIL 50% |
| 2013-11-29 | SPY 50%BIL 50% |
| 2013-10-31 | SPY 50%BIL 50% |
| 2013-09-30 | SPY 50%BIL 50% |
| 2013-08-30 | SPY 50%BIL 50% |
| 2013-07-31 | SPY 50%BIL 50% |
| 2013-06-28 | SPY 50%DBC 50% |
| 2013-05-31 | SPY 50%DBC 50% |
| 2013-04-30 | SPY 50%TLT 50% |
| 2013-03-28 | SPY 50%TLT 50% |
| 2013-02-28 | SPY 50%TLT 50% |
| 2013-01-31 | SPY 50%DBC 50% |
| 2012-12-31 | SPY 50%GLD 50% |
| 2012-11-30 | SPY 50%TLT 50% |
| 2012-10-31 | SPY 50%TLT 50% |
| 2012-09-28 | SPY 50%GLD 50% |
| 2012-08-31 | TLT 50%SPY 50% |
| 2012-07-31 | TLT 50%SPY 50% |
| 2012-06-29 | TLT 50%GLD 50% |
| 2012-05-31 | TLT 50%GLD 50% |
| 2012-04-30 | TLT 50%GLD 50% |
| 2012-03-30 | TLT 50%GLD 50% |
| 2012-02-29 | TLT 50%GLD 50% |
| 2012-01-31 | TLT 50%GLD 50% |
| 2011-12-30 | TLT 50%GLD 50% |
| 2011-11-30 | GLD 50%TLT 50% |
| 2011-10-31 | GLD 50%TLT 50% |
| 2011-09-30 | GLD 50%TLT 50% |
| 2011-08-31 | GLD 50%DBC 50% |
| 2011-07-29 | GLD 50%DBC 50% |
| 2011-06-30 | DBC 50%SPY 50% |
| 2011-05-31 | DBC 50%SPY 50% |
| 2011-04-29 | GLD 50%DBC 50% |
| 2011-03-31 | DBC 50%GLD 50% |
| 2011-02-28 | DBC 50%GLD 50% |
| 2011-01-31 | DBC 50%GLD 50% |
| 2010-12-31 | GLD 50%SPY 50% |