XLC The Communication Services Select Sector SPDR Fund
TREND FOLLOWING PERFORMANCE HISTORY
2026-05-31
Executive Summary
The quantitative backtest for XLC (The Communication Services Select Sector SPDR Fund) using the Excess Return MMA CA* strategy in a Trading context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -22.4% (compared to the benchmark's drawdown of -46.6%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 14.4%, compared to a Buy-and-Hold benchmark return of 15.4%. The strategy executed 59 total trades.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
📊 Mathematical Model
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA Active
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Available in Investing Mode
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
Available in Investing Mode
XLC Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | Full History | |||
|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 11.23% | 16.00% | 8.35% | 9.09% | 14.37% | 15.42% |
| Sharpe Ratio | 1.18 | 1.14 | 0.64 | 0.42 | 1.01 | 0.64 |
| Max Drawdown | -7.20% | -10.57% | -22.41% | -46.65% | -22.41% | -46.65% |
| % Time Invested | 99.6% | 100.0% | 87.2% | 100.0% | 89.9% | 100.0% |
| Trades / Year | 8.0 | 0.0 | 8.2 | 0.0 | 7.9 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open / Mark-to-Market exit denotes a position currently held active, valued at the latest price. Interest entries record cash yields accrued during out-of-market periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason |
|---|---|---|---|---|---|---|---|
| 2026-04-09 | Open | Open | 33.33% | $113.79 | $115.69 | 1.67% | Mark-to-Market |
| 2026-05-08 | Open | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.33% | Mark-to-Market |
| 2026-05-04 | Open | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.35% | Mark-to-Market |
| 2026-04-14 | 2026-05-08 | Completed | 33.33% | $115.01 | $117.01 | 1.74% | Signal |
| 2026-04-08 | 2026-05-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.24% | Interest Income |
| 2026-03-20 | 2026-04-14 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.23% | Interest Income |
| 2026-03-04 | 2026-04-09 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income |
| 2025-07-09 | 2026-04-08 | Completed | 33.33% | $105.79 | $114.26 | 8.01% | Signal |
| 2026-03-13 | 2026-03-20 | Completed | 33.33% | $115.11 | $112.47 | -2.29% | Signal |
| 2026-03-03 | 2026-03-13 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.10% | Interest Income |
| 2026-01-05 | 2026-03-04 | Completed | 33.33% | $116.63 | $117.40 | 0.65% | Signal |
| 2026-02-19 | 2026-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2026-02-11 | 2026-02-19 | Completed | 33.33% | $117.00 | $114.20 | -2.39% | Signal |
| 2026-01-20 | 2026-02-11 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2025-12-03 | 2026-01-20 | Completed | 33.33% | $114.28 | $113.43 | -0.75% | Signal |
| 2025-11-20 | 2026-01-05 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.56% | Interest Income |
| 2025-11-10 | 2025-12-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income |
| 2025-05-01 | 2025-11-20 | Completed | 33.33% | $95.56 | $112.08 | 17.29% | Signal |
| 2025-10-31 | 2025-11-10 | Completed | 33.33% | $113.78 | $112.13 | -1.45% | Signal |
| 2025-10-09 | 2025-10-31 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.20% | Interest Income |
| 2025-08-19 | 2025-10-09 | Completed | 33.33% | $109.73 | $114.76 | 4.59% | Signal |
| 2025-07-28 | 2025-08-19 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2025-05-01 | 2025-07-28 | Completed | 33.33% | $95.56 | $106.49 | 11.44% | Signal |
| 2025-06-03 | 2025-07-09 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.58% | Interest Income |
| 2025-05-02 | 2025-06-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2025-04-30 | 2025-05-02 | Completed | 33.33% | $93.32 | $95.37 | 2.19% | Signal |
| 2025-04-08 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.21% | Interest Income |
| 2025-04-04 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.18% | Interest Income |
| 2025-04-07 | 2025-04-30 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.64% | Interest Income |
| 2025-04-03 | 2025-04-08 | Completed | 33.33% | $92.87 | $89.03 | -4.14% | Stop |
| 2023-04-05 | 2025-04-07 | Completed | 33.33% | $56.53 | $83.43 | 47.57% | Stop |
| 2024-09-26 | 2025-04-04 | Completed | 33.33% | $88.08 | $89.15 | 1.22% | Signal |
| 2025-03-05 | 2025-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.47% | Interest Income |
| 2025-01-28 | 2025-03-05 | Completed | 33.33% | $99.48 | $98.65 | -0.83% | Signal |
| 2024-12-31 | 2025-01-28 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.33% | Interest Income |
| 2024-10-04 | 2024-12-31 | Completed | 33.33% | $88.84 | $95.77 | 7.80% | Signal |
| 2024-10-02 | 2024-10-04 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.10% | Interest Income |
| 2024-09-12 | 2024-10-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.33% | Interest Income |
| 2024-09-04 | 2024-09-26 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.38% | Interest Income |
| 2024-08-16 | 2024-09-12 | Completed | 33.33% | $84.21 | $83.20 | -1.20% | Signal |
| 2024-06-25 | 2024-09-04 | Completed | 33.33% | $83.23 | $83.70 | 0.56% | Signal |
| 2024-08-02 | 2024-08-16 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income |
| 2024-07-25 | 2024-08-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.14% | Interest Income |
| 2024-05-13 | 2024-07-25 | Completed | 33.33% | $79.41 | $81.60 | 2.76% | Signal |
| 2024-05-31 | 2024-06-25 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2023-11-16 | 2024-05-31 | Completed | 33.33% | $67.82 | $80.35 | 18.47% | Signal |
| 2024-04-19 | 2024-05-13 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2024-03-28 | 2024-04-19 | Completed | 33.33% | $79.87 | $78.30 | -1.96% | Signal |
| 2024-03-06 | 2024-03-28 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.47% | Interest Income |
| 2024-01-08 | 2024-03-06 | Completed | 33.33% | $70.41 | $76.91 | 9.24% | Signal |
| 2023-12-13 | 2024-01-08 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.48% | Interest Income |
| 2023-11-24 | 2023-12-13 | Completed | 33.33% | $69.10 | $68.30 | -1.15% | Signal |
| 2023-11-01 | 2023-11-24 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2023-09-28 | 2023-11-16 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.77% | Interest Income |
| 2023-10-19 | 2023-11-01 | Completed | 33.33% | $66.31 | $62.87 | -5.19% | Signal |
| 2023-09-27 | 2023-10-19 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income |
| 2022-12-23 | 2023-09-28 | Completed | 33.33% | $45.50 | $63.36 | 39.23% | Signal |
| 2023-09-14 | 2023-09-27 | Completed | 33.33% | $65.81 | $63.42 | -3.63% | Signal |
| 2023-08-22 | 2023-09-14 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.44% | Interest Income |
| 2023-05-25 | 2023-08-22 | Completed | 33.33% | $59.50 | $63.74 | 7.12% | Signal |
| 2023-05-03 | 2023-05-25 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income |
| 2023-03-20 | 2023-05-03 | Completed | 33.33% | $53.14 | $57.02 | 7.30% | Signal |
| 2023-04-04 | 2023-04-05 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2023-03-14 | 2023-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.23% | Interest Income |
| 2023-02-23 | 2023-03-20 | Interest (FLOT) | 33.33% | $1.00 | $0.99 | -1.18% | Interest Income |
| 2023-01-10 | 2023-03-14 | Completed | 33.33% | $48.32 | $51.31 | 6.19% | Stop |
| 2023-01-13 | 2023-02-23 | Completed | 33.33% | $50.04 | $52.39 | 4.71% | Stop |
| 2022-12-20 | 2023-01-13 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.66% | Interest Income |
| 2022-12-02 | 2023-01-10 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.86% | Interest Income |
| 2022-12-02 | 2022-12-23 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2022-11-29 | 2022-12-20 | Completed | 33.33% | $47.59 | $45.00 | -5.43% | Stop |
| 2022-10-28 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.33% | Interest Income |
| 2022-10-28 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.33% | Interest Income |
| 2022-11-04 | 2022-11-29 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.21% | Interest Income |
| 2022-10-25 | 2022-11-04 | Completed | 33.33% | $48.85 | $44.22 | -9.48% | Stop |
| 2022-10-26 | 2022-10-28 | Completed | 33.33% | $48.69 | $46.26 | -5.00% | Stop |
| 2022-10-26 | 2022-10-28 | Completed | 33.33% | $48.69 | $46.26 | -5.00% | Stop |
| 2022-10-04 | 2022-10-26 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.14% | Interest Income |
| 2022-10-04 | 2022-10-26 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.14% | Interest Income |
| 2022-10-04 | 2022-10-25 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.14% | Interest Income |
| 2022-09-23 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.40% | Interest Income |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2022-08-19 | 2022-09-23 | Completed | 33.33% | $55.82 | $47.79 | -14.40% | Stop |
| 2022-08-31 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2022-03-02 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.37% | Interest Income |
| 2022-07-08 | 2022-08-31 | Completed | 33.33% | $54.23 | $53.13 | -2.04% | Stop |
| 2022-03-02 | 2022-08-19 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.29% | Interest Income |
| 2022-06-14 | 2022-07-08 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income |
| 2022-06-01 | 2022-06-14 | Completed | 33.33% | $58.12 | $52.11 | -10.35% | Stop |
| 2022-04-21 | 2022-06-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2022-03-23 | 2022-04-21 | Completed | 33.33% | $65.34 | $62.14 | -4.90% | Stop |
| 2022-03-02 | 2022-03-23 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2022-01-18 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income |
| 2022-01-04 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2022-01-04 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2021-12-21 | 2022-01-18 | Completed | 33.33% | $72.79 | $73.13 | 0.46% | Signal |
| 2021-12-01 | 2022-01-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2021-11-02 | 2022-01-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.03% | Interest Income |
| 2021-11-05 | 2021-12-21 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2020-06-22 | 2021-12-01 | Completed | 33.33% | $52.36 | $72.93 | 39.29% | Signal |
| 2021-10-27 | 2021-11-05 | Completed | 33.33% | $76.21 | $78.00 | 2.34% | Signal |
| 2021-10-20 | 2021-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.07% | Interest Income |
| 2021-09-22 | 2021-10-27 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2020-11-20 | 2021-10-20 | Completed | 33.33% | $60.71 | $78.14 | 28.71% | Signal |
| 2021-06-14 | 2021-09-22 | Completed | 33.33% | $75.93 | $77.02 | 1.44% | Signal |
| 2021-05-20 | 2021-06-14 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.08% | Interest Income |
| 2021-05-03 | 2021-05-20 | Completed | 33.33% | $74.49 | $72.44 | -2.76% | Signal |
| 2021-04-09 | 2021-05-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2021-01-28 | 2021-04-09 | Completed | 33.33% | $65.02 | $72.86 | 12.05% | Signal |
| 2021-01-05 | 2021-01-28 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.16% | Interest Income |
| 2020-10-09 | 2021-01-05 | Completed | 33.33% | $57.11 | $62.93 | 10.20% | Signal |
| 2020-11-03 | 2020-11-20 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2020-10-29 | 2020-11-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2020-05-11 | 2020-10-29 | Completed | 33.33% | $48.63 | $56.32 | 15.81% | Signal |
| 2020-09-14 | 2020-10-09 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income |
| 2020-07-24 | 2020-09-14 | Completed | 33.33% | $53.46 | $57.13 | 6.86% | Stop |
| 2020-07-01 | 2020-07-24 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income |
| 2020-04-03 | 2020-07-01 | Completed | 33.33% | $40.52 | $51.26 | 26.52% | Signal |
| 2020-06-02 | 2020-06-22 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.48% | Interest Income |
| 2020-04-14 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2020-03-03 | 2020-05-11 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2020-03-24 | 2020-04-14 | Completed | 33.33% | $39.93 | $44.92 | 12.50% | Signal |
| 2020-03-05 | 2020-04-03 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.28% | Interest Income |
| 2020-03-03 | 2020-03-24 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.36% | Interest Income |
| 2020-03-02 | 2020-03-05 | Completed | 33.33% | $48.26 | $48.40 | 0.29% | Signal |
| 2020-03-02 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2020-03-02 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2020-02-06 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.20% | Interest Income |
| 2019-10-14 | 2020-03-02 | Completed | 33.33% | $46.67 | $48.26 | 3.40% | Stop |
| 2019-03-27 | 2020-03-02 | Completed | 33.33% | $44.09 | $48.26 | 9.46% | Stop |
| 2019-10-25 | 2020-02-06 | Completed | 33.33% | $46.94 | $52.20 | 11.20% | Signal |
| 2019-10-03 | 2019-10-25 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.20% | Interest Income |
| 2019-09-18 | 2019-10-14 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.24% | Interest Income |
| 2019-09-04 | 2019-10-03 | Completed | 33.33% | $46.38 | $45.36 | -2.20% | Signal |
| 2019-07-18 | 2019-09-18 | Completed | 33.33% | $47.00 | $47.83 | 1.77% | Signal |
| 2019-08-02 | 2019-09-04 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.23% | Interest Income |
| 2019-06-19 | 2019-08-02 | Completed | 33.33% | $45.73 | $47.10 | 3.00% | Signal |
| 2019-06-21 | 2019-07-18 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income |
| 2019-02-12 | 2019-06-21 | Completed | 33.33% | $42.62 | $46.00 | 7.93% | Signal |
| 2019-05-15 | 2019-06-19 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.19% | Interest Income |
| 2019-01-10 | 2019-05-15 | Completed | 33.33% | $41.03 | $44.49 | 8.42% | Signal |
| 2019-03-04 | 2019-03-27 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.24% | Interest Income |
| 2018-12-14 | 2019-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.53% | Interest Income |
| 2018-12-14 | 2019-02-12 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.41% | Interest Income |
| 2018-12-14 | 2019-01-10 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.16% | Interest Income |