Against All Odds Research

Against All Odds Research

Portfolio Review: Transparency in Action

Tracking Performance Across Futures, ETFs, and Stocks

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Jason Perz
Sep 03, 2025
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Every week, we share a full breakdown of our portfolios — Futures, Thematic ETFs, and Stock Picks. The goal isn’t just to post returns. It’s to stay accountable, transparent, and show how we’re actually navigating markets in real time.

Across all three sleeves, performance has been strong. In the Futures Multi-Strategy Portfolio, our commodity trades continue to carry weight: gold up 35%, silver up 43%, and coffee up 20%. (All positions have leverage). This portfolio is our biggest winner YTD.

In the Thematic ETF Portfolio, leadership has been clear in global and cyclical risk assets. Poland (EPOL) is up 53%, Metals & Mining (XME) +43%, and Gold Miners (GDXJ) +98%. Even country ETFs like Brazil (EWZ) +32% and Chile (ECH) +35% are contributing as capital rotates abroad.

And in the Stock Picks Portfolio, we’ve seen some real breakouts: Sibanye Stillwater (SBSW) +94%, MAG Silver (MAG) +88%, and Wheaton Precious Metals (WPM) +85%. Meanwhile, Shell (SHEL) has joined leadership, confirming the global energy bid.

Not every trade works — we’ve closed out positions like natural gas, Russell 2000, and regional banks tactically. But that’s why we run this review. To show the process, not just the winners.

Price > narrative. Always.


🔹 Futures: Macro Multi Strategy Portfolio (Leverage)

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