| Metric | JTCM | 60/40 (AOR) | DBMF |
|---|---|---|---|
| Total Return | +104.60% | +17.6% | +24.1% |
| Ann. Return | +99.1% | +16.1% | +22.1% |
| Ann. Volatility | 83.2% | 5.1% | 9.2% |
| Max Drawdown | -55.78% | -2.1% | -4.1% |
| Sharpe Ratio | 1.19 | 2.09 | 1.74 |
| Sortino Ratio | 1.18 | 1.77 | 2.96 |
| Correlation to JTCM | — | -0.06 | 0.13 |
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.8 | -0.4 | +4.3 | ||||||||||
| 2025 | -3.6 | +26.7 | -48.0 | -15.1 | +20.4 | -8.8 | +47.3 | +16.4 | +2.3 | +25.0 | +51.0 | +96.1 |
| Market | Sector | Side | Qty | Heat % |
|---|---|---|---|---|
| Lean Hogs | Livestock | Long | 1 | 2.40% |
| Canola | Grains | Long | 7 | 2.36% |
| Australian Dollar | Currencies | Long | 2 | 1.84% |
| Euro-BTP | Interest Rates | Long | 2 | 1.58% |
| Soybean Oil | Grains | Long | 1 | 1.47% |
| Crude Oil | Energy | Long | 3 | 0.92% |
| Total Portfolio Heat | 10.57% |
| Margin / Equity | 21.2% |
| Open Positions | 6 |
| Long Positions | 6 |
| Short Positions | 0 |
| Current Drawdown | -0.49% |
| Days in Drawdown | 2 |
| Peak Equity | $125,565 |
Joshua Mukoro / Founder & Portfolio Manager: Joshua Mukoro is the Founder and Portfolio Manager of Joshua Tree Capital Management, responsible for all investment decisions, research, and portfolio construction. He holds a B.A. in Psychology from the University of North Carolina at Chapel Hill, an MBA, and a Master’s in Information Systems Management from Lamar University. Joshua serves on active duty in the United States Air Force, where he oversees mission-critical operations requiring strict process adherence, risk containment, and operational continuity. He has been decorated for leadership throughout his service, from a deployment to Kuwait to crisis operations during hurricane recovery efforts. That same discipline drives the fund’s systematic approach.
| Firm Inception | February 2025 |
| Markets Traded | 25 Global Futures |
| Process | Systematic, Quantitative |
| Directional | Long / Short |
| Liquidity | Monthly |
| Lock-up | None |
| Exemption | CFTC Rule 4.13(a)(2) |
The Diversified Trend Program declined 0.4% in February, a pullback after a strong +4.8% January. Year-to-date, the program is +4.31% with 6 open positions, all on the long side.
Risk was concentrated in Grains, where Canola and Soybean Oil combined for 3.8% of portfolio heat. Lean Hogs (Livestock, 2.4%) and Australian Dollar (Currencies, 1.8%) rounded out the book, with smaller allocations in Euro-BTP and Crude Oil.
The portfolio enters March moderately positioned at 10.6% total heat and ~21% margin utilization, trading near its all-time equity high. All current signals are long, reflecting broad uptrend conditions across the tracked universe.