> For the complete documentation index, see [llms.txt](https://vaultbook.gauntlet.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://vaultbook.gauntlet.xyz/fr/vaults/gauntlet-usd-alpha-vault/backtest-and-benchmarking.md).

# Backtest et comparaison de référence

Les allocateurs de capital institutionnel examinent généralement un backtest : une évaluation quantitative de la façon dont une stratégie aurait performé dans les conditions de marché passées. Nous sommes ravis de rendre ces informations disponibles pour Gauntlet USD Alpha.

### Backtest incluant les marchés Pendle

<figure><img src="https://889669120-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FvnIVJ3cqsrJLuRhLmk6a%2Fuploads%2FYXDoPFNs2EbWGJI5MdHn%2Fpendle-chart-01.png?alt=media&amp;token=a0a336e6-4bde-42c1-84ed-11de76f547e8" alt=""><figcaption></figcaption></figure>

### Premier backtest

Le backtest a évalué la stratégie initiale : un mélange de vaults Morpho sur Mainnet et Base avec des récompenses réinvesties pendant un an (jusqu’au 1er septembre 2024) et une performance relative sur 30 jours. Le benchmark se compose des opportunités de rendement en USD suivies par vaults.fyi.

* Benchmark vaults.fyi : APY annualisé de 6,75 % depuis le début, 4,48 % annualisé sur 30 jours
* gtUSDa : rendement annualisé de 11,02 % depuis le début, 7,76 % annualisé sur 30 jours

<figure><img src="https://889669120-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FvnIVJ3cqsrJLuRhLmk6a%2Fuploads%2FNndgVE82xV3DcZiY9ILG%2FBacktest%20Performance%20by%20Size%20vs%20Benchmark.png?alt=media&amp;token=2c658f5c-bb68-40e5-af9a-af63b213ec96" alt=""><figcaption></figcaption></figure>

<figure><img src="https://889669120-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FvnIVJ3cqsrJLuRhLmk6a%2Fuploads%2FUR4we0liPt0SalYqZNJv%2F30%20Day%20Annualized%20Yield.png?alt=media&amp;token=e9e9798e-3ca6-45cf-8cae-a0e56fe41d53" alt=""><figcaption></figcaption></figure>


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