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Simulated · pre-production · updated monthly

Spike Comparison

One signal, two strategies. Algotoria Spike Diversified and Algotoria Spike Stable trade the same Algotoria Spike neural signal on seven high-liquidity perpetual swaps; they differ in the collateral behind it. Simulated results since 1 January 2024, gross of the performance fee, against Bitcoin, BITA Crypto 10, Gold and the S&P 500. Neither strategy has managed client money yet.

0%+100%+200%+300%+400%+500%+600%+700%+800%+900%+1000%+1050%Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026+1001%+853%+78%+37%+114%+62%
Algotoria Spike Diversified – GrossAlgotoria Spike Stable – GrossBitcoinBITA Crypto 10Gold (PAXG)S&P 500
ParameterAlgotoria Spike DiversifiedRECOMMENDEDAlgotoria Spike Stable
DiffersCollateralYield-bearing stablecoins, plus a gold and US-equity sleeve held only during drawdownsEqual thirds of RLUSD, OKUSD and USDG yield-bearing stablecoins
DiffersYield on idle collateralRealised 3-month US T-bill rate (4.51% over the window)Assumed 4%/yr
DiffersSimulation window1 January 2024 → 30 August 20261 January 2024 onwards, refreshed monthly
DiffersStatusPre-production, simulatedPre-production, simulated, in forward testing
DiffersSimulated gross CAGR+146%+133%
DiffersCalmar ratio21.8219.83
DiffersPositive months28 / 3222 / 32
DiffersMinimum allocationTo be set in the Asset Management Agreement$50,000 (3×) / $100,000 (2×) / $150,000 (1×)
DiffersManagement feeTo be set in the Asset Management Agreement0%
DiffersPerformance feeTo be set in the Asset Management AgreementSuccess fee only, quarterly, above the high-water mark
DiffersLock-inTo be set in the Asset Management AgreementNone · 5-day redemption notice
SameMax drawdown (adjusted)−6.7%−6.7%
SameTrading signalAlgotoria Spike neural signal, generated walk-forwardAlgotoria Spike neural signal, generated walk-forward
SameTrading universe7 USDT-margined perpetual swaps (BTC, ETH + 5 major altcoins)7 USDT-margined perpetual swaps (BTC, ETH + 5 major altcoins)
SameStructureNon-custodial SMANon-custodial SMA
Download the overview PDFDownload the overview PDF
Simulated. Both strategies are pre-production: no client capital has been managed under either, and their figures are not evidence of future results. Algotoria Spike Stable is in forward testing, and its figures include 4%/yr yield on idle collateral. Algotoria Spike Diversified uses Algotoria Spike Stable's signal, generated walk-forward; its line ends on 30 August 2026, and its collateral rule (launched on 23 September 2026) was chosen on that same window.

Strategy overviews

The Spike strategies are still changing, so their detail lives in the overviews rather than on dedicated pages: signal construction, collateral rules, drawdown anatomy and, for Algotoria Spike Stable, the same record net of fees.

Algotoria Spike Diversified

Stablecoin collateral with a gold and US-equity sleeve held only during drawdowns.

Download the overviewPDF

Algotoria Spike Stable

Equal thirds of three yield-bearing stablecoins; gross and net-of-fee records.

Download the overviewPDF

Shallow drawdowns are a design target, not a guarantee

Algotoria Spike Stable was selected under a 7% backtest drawdown bar at its 3× gross exposure cap, and its investor drawdown budget is 10%. A replay cannot capture every trading cost or market regime.

Crypto is a leveraged risk-on asset

Despite ETF adoption, Bitcoin’s daily volatility is three to four times that of the S&P 500. The asset class remains regime-dependent.

A simulation is not a track record

The figures on this page are replays, not results earned by clients. Future results will differ, often materially. Read the full Risk Notice before allocating.

Read the full Risk Notice

Get Started

A few common questions — then a direct line to the team.

Why are the Spike figures simulated?
Neither Spike strategy has managed client money yet. Their records are replays of the frozen Algotoria Spike configuration on exchange candles, so they show how the design would have behaved, not what an investor earned.
Source · performance/spike/README.md
How do Spike Diversified and Spike Stable differ?
Only in the collateral. Both take the same trades. Spike Stable holds equal thirds of three yield-bearing stablecoins; Spike Diversified holds stablecoins too, and adds gold and US-equity tokens once the book has been more than 10 days below its high-water mark, selling them at the next new high.
Source · performance/spike-diversified/README.md
Where are the full figures and terms?
In the downloadable strategy overviews. Algotoria Spike Diversified's commercial terms will be set out in the applicable Asset Management Agreement and are not stated yet.
Source · Strategy overviews
How often does Algotoria Spike trade?
Rarely, by design. It opens positions only when model conviction clears an entry threshold that was set high in research and then frozen, so it is in the market on roughly 64 days a year. Time-weighted, about 99% of its capital sits in collateral.
Source · Strategy overview, Section 1
Why do the figures include yield on idle collateral?
Because the collateral earns it. Algotoria Spike Stable holds equal thirds of RLUSD, OKUSD and USDG, stablecoins whose rewards accrue daily, and its figures budget that yield at 4% a year. Algotoria Spike Diversified is credited the realised 3-month US Treasury bill rate, 4.51% over its window.
Source · Strategy overviews; performance/spike-diversified/README.md
How is the drawdown on this page measured?
With Algotoria's adjusted drawdown. A new peak is accepted only at the lowest value seen over the following 24 hours, so a single transient print cannot deepen every later drawdown. Returns are untouched; the overviews define the measure in full.
Source · Algotoria Spike Stable overview, Section 3
Why does the Spike Diversified line end on 30 August 2026?
Its collateral rule was chosen on the window that ends that day. Data from 31 August 2026 onwards is kept back for its forward test, so the line will not be extended month by month.
Source · performance/spike-diversified/README.md
Who holds the capital?
The investor. Both strategies are delivered through non-custodial Separately Managed Accounts, so the account and its collateral stay in the investor's name throughout.
Source · Strategy overviews, Section 1
How can I register interest?
Qualified investors can register interest through their Algotoria contact or the form on this page. Registered parties are informed of each strategy's forward-test outcome and of any go-live decision.
Source · Algotoria Spike Diversified overview, Registering interest
See the full due-diligence FAQ for 50+ additional questions.
Download strategy factsheets and investor materials from the Documents page.

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Algotoria Limited is a BVI-regulated Approved Investment Manager under the Securities and Investment Business Act, 2010. The content on this page is informational and does not constitute an offer to sell securities or investment advice. Services are available to qualified investors only. Past performance is not indicative of future results.