Testfolio shows that tiny cap value has yielded almost 15% cage over the last 100 years. As such, I'm looking to invest in a microcap value etf or mutual fund but I can't find anything that tracks the same as Fftcv in Testfolio.
I’ve been using the Tactical Asset Allocation backtester quite a bit lately, and it’s easily one of the most powerful tools on the site. However, there is one critical "real-world" variable currently missing that heavily impacts the performance of high-turnover strategies: Taxable Events.
In many jurisdictions, rebalancing or triggering a tactical switch (e.g., moving from SPY to CASH based on a moving crossover) creates a realized capital gain. Without accounting for this, the backtested CAGR and ending balance are significantly inflated compared to what a user would actually see in a non-tax-advantaged account.
Many tactical strategies look like alpha generators until you realize that 20+% of every winning trade goes to the government. Adding this would make Testfolio the gold standard for realistic, after-tax backtesting.
Thank!!
MTUM ending value is greater than total contributions, but still shows a negative cumulative return and negative CAGR. What am I not understanding?