Backtest and Benchmarking

Institutional capital allocators typically review a backtest: a quantitative evaluation of how a strategy would have performed in past market conditions. We’re excited to make this information available for Gauntlet USD Alpha.

The backtest evaluated the initial strategy: a mix of Morpho vaults across Mainnet and Base with reinvested rewards for one year (to September 1, 2024) and 30-day relative performance. The benchmark consists of the USD yield opportunities tracked by vaults.fyi.

• Vaults.fyi benchmark: 6.75% annualized APY since start, 4.48% t30d annualized

• gtUSDa: 11.02% annualized return since start, 7.76% t30d annualized