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Funds (13F)

Qube Research & Technologies Ltd

Backtest from 18 May 2018 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+12.0%
S&P 500 +14.6%
Last 12 months
+14.8%
S&P 500 +12.1%
Sharpe ratio
0.53
S&P 500 0.69
Biggest drop
−37.8%
S&P 500 −31.8%
$10.0k$20.0k 201820192020202120222023202420252026 $31.7k$26.1k
StrategyS&P 500 $10,000 in Qube Research & Technologies Ltd from 18 May 2018 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Qube Research & Technologies Ltd's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Qube Research & Technologies Ltd's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+12.0%+14.6%
Total return+161%+217%
Last 12 months+14.8%+12.1%
Last 3 months+0.1%—
Last month−1.0%—
This year so far+10.6%—
Volatility a year19.4%17.9%
Sharpe ratio0.530.69
Biggest drop−37.8%−31.8%
Beta to the S&P 5001.041.00
Alpha a year (t-statistic)−2.5% (−1.29)—
Share of weeks up58%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
AMZN1.4%——
AAPL1.3%——
CVX1.2%——
SNDK1.2%——
MU1.1%——
JPM1.1%——
GS0.9%——
NVDA0.8%——
INTC0.8%——
AMD0.8%——
WFC0.8%——
C0.8%——
MSFT0.7%——
WDC0.7%——
UNH0.7%——
CRM0.7%——
STX0.7%——
PEP0.6%——
PH0.6%——
HPE0.6%——
BE0.6%——
ATI0.5%——
LLY0.5%——
MA0.5%——
ICE0.5%——
CSCO0.5%——
MCK0.5%——
GILD0.5%——
BSX0.5%——
HAL0.5%——
ATO0.5%——
AME0.5%——
CRDO0.5%——
HLT0.5%——
MMM0.4%——
CME0.4%——
INTU0.4%——
QCOM0.4%——
ORCL0.4%——
JBL0.4%——
TXN0.4%——
NOC0.4%——
PPL0.4%——
COF0.4%——
GM0.4%——
TMUS0.4%——
HIG0.4%——
DVN0.4%——
LMT0.4%——
BAC0.4%——
LRCX0.4%——
TPR0.4%——
KEYS0.4%——
MTSI0.4%——
ORLY0.4%——
MS0.4%——
FERG0.4%——
NSC0.3%——
CASY0.3%——
NUE0.3%——
COP0.3%——
EME0.3%——
UBS0.3%——
OXY0.3%——
MKSI0.3%——
COST0.3%——
LNG0.3%——
APH0.3%——
FLEX0.3%——
RL0.3%——
BNY0.3%——
WWD0.3%——
EQIX0.3%——
ELV0.3%——
TMO0.3%——
ROST0.3%——
LOW0.3%——
FDX0.3%——
NEM0.3%——
HWM0.3%——
ALNY0.3%——
NVT0.3%——
EBAY0.3%——
JCI0.3%——
ROKU0.3%——
TT0.3%——
ALB0.3%——
RSG0.3%——
ZM0.3%——
MDT0.3%——
GOOGL0.3%——
AIG0.3%——
GE0.3%——
WEC0.3%——
AFL0.3%——
TJX0.3%——
ABT0.2%——
PG0.2%——
JNJ0.2%——
SSNC0.2%——
AMAT0.2%——
CFG0.2%——
FIVE0.2%——
AMT0.2%——
DOW0.2%——
SCHW0.2%——
A0.2%——
KMI0.2%——
HUBS0.2%——
NXPI0.2%——
BR0.2%——
INSM0.2%——
BMY0.2%——
CRS0.2%——
MDB0.2%——
TWLO0.2%——
MSCI0.2%——
GDDY0.2%——
MTZ0.2%——
UNM0.2%——
SNPS0.2%——
TSEM0.2%——
CBRE0.2%——
CRWD0.2%——
ZTS0.2%——
AVGO0.2%——
CCL0.2%——
DHR0.2%——
ISRG0.2%——
AES0.2%——
ONTO0.2%——
PSX0.2%——
SPOT0.2%——
STZ0.2%——
BKNG0.2%——
LHX0.2%——
STT0.2%——
TSM0.2%——
PLTR0.2%——
WMT0.2%——
CMG0.2%——
ALAB0.2%——
DG0.2%——
LOGI0.2%——
LYB0.2%——
REG0.2%——
ACM0.2%——
ADI0.2%——
VICI0.2%——
AA0.2%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest18 May 2018 to 2 Nov 2026+12.0%+14.6%0.530.69−37.8%1.04−2.5% (−1.29)
Last three years3 Nov 2023 to 2 Nov 2026+19.4%+21.8%1.081.16−15.2%0.86+0.2% (0.08)
Last year7 Nov 2025 to 2 Nov 2026+16.0%+14.2%1.090.84−6.8%0.73+4.1% (0.71)
DateCompanyAction
21 Aug 2026ZTSBought
21 Aug 2026ZTOBought
21 Aug 2026XZOBought
21 Aug 2026XYZBought
21 Aug 2026XMTRBought
21 Aug 2026XHRBought
21 Aug 2026WULFBought
21 Aug 2026WTBABought
21 Aug 2026WMTBought
21 Aug 2026WLKBought
21 Aug 2026WHRBought
21 Aug 2026WDCBought
21 Aug 2026WCCBought
21 Aug 2026WAYBought
21 Aug 2026VTSIBought
21 Aug 2026VSHBought
21 Aug 2026VRSKBought
21 Aug 2026VOYABought
21 Aug 2026VODBought
21 Aug 2026VNOMBought
21 Aug 2026VNDABought
21 Aug 2026VGNTBought
21 Aug 2026VGBought
21 Aug 2026VFCBought
21 Aug 2026VETBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026ZURASold
21 Aug 2026YSGSold
21 Aug 2026XYLSold
21 Aug 2026XPSold
21 Aug 2026XNETSold
21 Aug 2026XNCRSold
21 Aug 2026XFORSold
21 Aug 2026XENESold
21 Aug 2026WTSSold
21 Aug 2026WSTSold
21 Aug 2026WSBCSold
21 Aug 2026WRBYSold
21 Aug 2026WRBSold
21 Aug 2026WPCSold
21 Aug 2026WOLFSold
21 Aug 2026WLYSold
21 Aug 2026WLFCSold
21 Aug 2026WKCSold
21 Aug 2026WHDSold
21 Aug 2026WGSSold
21 Aug 2026WDFCSold
21 Aug 2026WDAYSold
21 Aug 2026WBISold
21 Aug 2026WBSold
21 Aug 2026WATTSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest