| Leg | corrEqMom | corrSPY | corrTSY | Sharpe | MaxDD |
|---|---|---|---|---|---|
| PEAD ungated | 0.75 | 0.89 | 0.11 | 1.97 | -20.66% |
| PEAD VIX-gated (v2) | 0.74 | 0.90 | 0.11 | 1.81 | -19.16% |
| PEAD double-gated (v3) | 0.40 | 0.43 | 0.16 | 1.14 | -10.29% |
| Blend (50/50 with EqMom) | Sharpe | MaxDD |
|---|---|---|
| EqMom+ungated | 1.88 | -22.98% |
| EqMom+VIX-gated | 1.81 | -22.25% |
| EqMom+double-gated | 1.72 | -13.72% |
NO PROMOTION: double-gated blend Sharpe 1.72 vs ungated 1.88 (VIX-gated 1.81), maxDD -13.72% vs -22.98%.