Performance vs. benchmarks
The paper portfolio against the S&P 500 Total Return and USD-adjusted CETES — choose an interval.
Indexed to 100 at the start of the selected range. Portfolio is the equal-weight mark-to-market of active paper positions. Benchmarks: S&P 500 Total Return and USD-adjusted CETES 28-day. Not investment advice.
Fund allocation
Current weight of each open position (10% notional at entry, drifting with price), plus uninvested cash. Hover for the exact share.
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No open positions
No paper positions are open right now. The full record — open and closed — is always on this page.
Prices via public market data, cached ~5 min · system of record is the TradingView paper portfolio. Paper portfolio only — not investment advice. Past paper performance does not predict future results.
How performance is judged
Two benchmarks, never blended
A benchmark answers one question: did the research add value relative to doing nothing? Because “doing nothing” differs by reader, Acies reports against both passive baselines separately.
S&P 500 Total Return
The passive baseline for a US investor: price appreciation plus dividends reinvested.
CETES 28-Day (USD-adjusted)
The peso risk-free rate, adjusted for USD/MXN movement — the honest USD opportunity cost of holding CETES.
Discipline
Construction parameters
Drawdown governance: a full portfolio review is published at −10% from inception; at −15%, the two weakest-thesis positions are closed and a special issue is published within one week. Stated here, before any position exists, and applied without exception.
The Acies paper portfolio is a hypothetical, simulated record using real market prices and no real capital. It does not account for bid-ask spreads, commissions, or market impact. Inception: 2026-06-04. Nothing here is investment advice.