Each trading morning, YX Insights publishes a call on every name in two fixed lists, from its Multi-model Signals. It also publishes every holding of a Systematic Portfolio built from those calls, with its exact weight and the cash level. The portfolio holds ten names or fewer.
A registered investment adviser (RIA) or a small advisory firm can read that material alongside its own client portfolios. This guide covers what the service publishes, what that makes possible, plus where the limits are. The subscriber primer covers the mechanics.
What are systematic signals for RIAs? Systematic signals are daily, rule-based calls on a fixed list of assets, each either long, meaning holding the name, or flat, meaning in cash. YX Insights publishes them with a Systematic Portfolio of ten names or fewer, which a firm that runs client portfolios can read and check.
The service publishes a fixed list of names, a daily model read, exact weights every trading morning and every change.
Every call is locked on the day it is made. The trade blotters show closed positions, including the losers.
The portfolio is concentrated and not tax-friendly. Its live record is still only weeks long.
What are systematic signals?
Systematic signals are calls produced by fixed rules, set in advance. YX Insights publishes two linked products. Multi-model Signals give a daily long-or-flat call on every name in a fixed list, while a Systematic Portfolio turns those calls into holdings with weights.
Four models of different types read every name: machine learning, a neural network, trend and market regime. They read different evidence and excel at different things: context, speed, staying with a trend and reading the market's season.
The Systematic Portfolio holds a name only when it is long on the published record and at least three of the four models agree.
The agreement bar also does the selecting. Requiring three of four means no single model decides a position. Names are ranked by how many models agree, so weight goes where the evidence is deepest.
Two universes run on this method. Macro & Megacaps covers US indices, rates, the dollar, credit, the sector ETFs, the megacaps behind AI and the crypto majors. Commodities covers metals, energy, agriculture and uranium, plus the producers.
The primer covers the process and the backtest, while the Systematic page sets out every rule. The rest of this guide covers a narrower question: what can a firm that runs client portfolios read and check?
What does the service publish each day and week?
The list of names is fixed and published in advance. Names are only added, never quietly dropped, so the record cannot be tidied after the fact.
Each trading morning, before the US open, a page lists every holding, its exact weight and the cash level. It also lists any overnight change, plus the model read on every name in the universe.
The morning page shows four dots per name, one per model, to show which models back the call.
The portfolio is re-optimised weekly, on the first trading session of each week.
A weekly scorecard covers the portfolio and how the signals did on each ticker. A sell check runs every day. A holding leaves on the day the record turns it flat, or on the day agreement drops below three of four.
A holding whose target weight moves by less than 5 percentage points at the weekly re-optimisation is left where it is. We publish target weights, not fills. A holding exits on a condition, so no stop or target is published.
How can a firm check the record?
Every signal and every portfolio weight is snapshotted at publication and never edited afterwards. A correction publishes as its own dated entry beside the original.
The record has three dated parts. The Multi-model Signals live record starts in late June 2026. The Systematic Portfolio live record starts on 3 August 2026.
The Systematic Portfolio backtest runs from 21 June 2016 to 31 July 2026, net of costs. A backtest applies the same construction to past data, using only what was available on each day.
We keep backtest and live results in separate series, so a backtest cannot be presented as a live record. The Track Record page shows both series, each labelled.
The portfolio holds only names that the record already shows as long. Any change to a model or a portfolio trades on paper beside the published version for several weeks first.
What do the trade blotters show?
The trade blotters list every completed Systematic Portfolio position by month. Beside them sits every completed long Multi-model Signals trade, including longs the portfolio never took. A position record stays on the page whichever way it went.
For August and September 2026, the two blotters list 38 closed Systematic Portfolio positions. The positions include both winners and losers.
The blotters are settled to the end of the previous month. Anything open, plus anything closed since the first of the month, sits in the Monday subscriber post. A row shows what one position did, not what the Systematic Portfolio did.
How could a small firm use the service alongside client portfolios?
The published material supports three kinds of reading. Each describes what the pages contain. None is a recommendation.
A second read on names. The morning page shows where each of the four models stands on every name.
A dated list of weights. The published book gives tickers, exact weights and the cash level every trading morning.
A record to audit. The locked series and the blotters let a firm check any call after the event. The weekly scorecard does the same for the portfolio.
The Systematic Portfolio is a reference: tickers, weights, reasoning. It is not a managed account and not advice. The firm places any trades itself.
The service gives a firm information to read. Each firm is responsible for its own compliance and suitability decisions.
What are the limits of a Systematic Portfolio?
The live record is young. To the close of 2 October 2026, the Systematic Portfolio live record ran 44 sessions. The longer live windows are labelled partial.
Portfolio results before 3 August 2026 are a backtest. A backtest cannot show that the next ten years will resemble the last ten.
Concentration. The portfolio holds ten names or fewer. Macro & Megacaps averaged 8.4 holdings in the backtest. At ten holdings, no target position exceeds 15% of the invested part of the portfolio, which excludes cash. No target position ever passes 25% of the invested part, however few names are held. Holdings are capped by asset class too.
Cash. Cash is a position, so it can be large. The invested share is scaled to a volatility target, so cash rises when the names get jumpy. It also rises when fewer names qualify.
Tax. The turnover is not tax-friendly. The portfolios rebuild weekly and sell mid-week, which in a taxable account costs real money. Tax is not modelled anywhere.
Timing. Mid-week exits need the ability to act. A firm that can trade on only one day a week will see different results.
Costs. The backtest deducts 5 basis points per side, roughly 0.9% a year for Macro & Megacaps.
No override. No one overrides anything by hand, so the portfolio holds what the models agree on, even when a discretionary view (e.g. from technical analysis) “feels” the trade is wrong.
The Systematic Portfolio and Multi-model Signals give a small firm a fixed universe, dated weights and a locked record to read. The Track Record page shows the record behind this guide.
Learn more with YX Insights
This explainer is part of the YX Insights Academy. Each one takes a single idea and checks it against real data.
The same approach runs through everything else we publish:
Systematic Portfolio: ready-made portfolios for Macro & Megacaps and for Commodities. We publish the holdings and every change.
Multi-model Signals: a daily long-or-flat call on every name we cover. Each call shows how strongly our four models agree.
Research: company deep dives, macro commentary and essays on how we test.
Good places to start on the website:
Academy: more explainers like this one.
Start here: get our free weekly letter by email.
Macro & Megacaps Systematic Portfolio and Commodities: the two portfolios in detail.
Track record: live results since 3 August 2026, plus the ten-year backtest.
Upgrade: get the Systematic Portfolio, Multi-model Signals and research in full.
Common questions about systematic signals for RIAs
How can small RIAs use systematic signals for client portfolios?
A small RIA can use systematic signals as a published reference to read and audit. YX Insights publishes a daily model read on every name, daily weights with the cash level, plus a locked record. The firm places any trades itself.
What is a portfolio signal service for advisers?
A portfolio signal service publishes calls on assets together with the portfolio built from them. YX Insights does this for two universes, Macro & Megacaps and Commodities. The service ships the daily Multi-model Signals and Systematic Portfolios built from them, with every change published on the morning it happens.
How often does the Systematic Portfolio change?
The Systematic Portfolio is re-optimised weekly, on the first trading session of each week. A sell check also runs every day, so a holding can leave mid-week. A target weight that moves by less than 5 percentage points at the weekly re-optimisation is left where it is.
Is tax accounted for in the Systematic Portfolio?
No. Tax is not modelled anywhere. The turnover is not tax-friendly, because the portfolios rebuild weekly and sell mid-week, which in a taxable account costs real money. The backtest deducts trading costs of 5 basis points per side.
Can the published record be edited after the fact?
No. Every signal and every portfolio weight is snapshotted at publication and never edited afterwards. A correction publishes as its own dated entry beside the original. Backtest and live results are kept in separate series, so a backtest cannot be presented as a live record.
DISCLAIMER: This article is strictly educational. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice.