Numberline Capital Partners LLC Numberline Macro Risk Program (P)
Report Start Date: Feb-2020 | End Date: Sep-2025
Current Return:
-1.41%
YTD Return:
-7.58%
Annualized Return:
+4.85%
AUM: $ 558,295
Trading Strategy
Macro / Indices, Energy, FX Futures, Metals, Financials
Program Description
The Numberline Macro Risk Program is a market neutral strategy that trades Equity Indices, Energy, Rates, FX and metals using a quantitative approach to select assets and manage risk.
Program Statistics
Peak-to-Valley Drawdown (2)
-40.62%
From Aug 2021 to Oct 2022
Worst Month (Sep 2022)
-24.70%
Current Losing Streak
-13.19%
Average Monthly Return
0.61%
Monthly Std. Deviation
6.48%
Gain Deviation (39 months)
4.63%
Loss Deviation (29 months)
5.52%
Gain to Loss Ratio
1
Omega Ratio (5% Threshold)
1.1
Annualized Performance
Compound ROR (1)
4.85%
Standard Deviation
22.44%
Downside Deviation
15.46%
Sharpe Ratio (3) 2% RF ROR
0.31
Sortino Ratio (4) 5% MAR
0.3
Calmar Ratio (5)
1.27
Sterling Ratio (6)
0.93
Gain Deviation
16.03%
Loss Deviation
19.14%
Profit Loss Ratio
1.34
Investment Information
Program Start Date
Feb-2020
Percent Discretionary
100%
Currency Denomination - US Dollar
Minimum Investment
$100,000
Minimum Fund Investment
$100,000
Management Fee
2.00%
Incentive Fee
20.00%
Margin
15%
Round Turns per Million
960
NFA No:
#0523156
Performance Since February 2020 | Track Record Compiled By: Turnkey | Please See Accounting Notes | A Portion of this Performance is Based on Proprietary Trading
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ROR
Max DD
2025
2.78%
0.78%
0.56%
-7.04%
3.37%
-6.19%
3.04%
-3.47%
-1.41%
–
–
–
-7.92%
-11.60%
2024
4.92%
0.00%
4.15%
-1.43%
2.63%
0.30%
-0.27%
6.80%
1.60%
3.18%
-5.27%
-0.47%
16.73%
-5.72%
2023
11.23%
-0.39%
11.21%
0.44%
-0.47%
-0.97%
1.75%
-0.88%
-5.10%
6.07%
3.09%
-4.71%
21.65%
-5.94%
2022
-7.61%
2.76%
7.28%
-8.36%
1.05%
-1.53%
9.20%
-18.41%
-24.70%
-1.82%
24.05%
-0.10%
-24.19%
-39.94%
2021
0.96%
10.08%
5.32%
2.94%
-1.92%
3.32%
2.56%
0.66%
-0.57%
-0.26%
-3.81%
1.75%
22.35%
-4.61%
2020
–
-0.78%
-1.20%
-7.27%
0.18%
10.92%
4.93%
0.19%
1.36%
0.41%
3.71%
-3.79%
7.84%
-9.10%
Monthly Return and $1,000 VAMI
Risk Disclaimer
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THERE IS AN UNLIMITED RISK OF LOSS IN SELLING OPTIONS. YOU SHOULD CAREFULLY CONSIDER WHETHER COMMODITY FUTURES AND OPTIONS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. AN INVESTOR MUST READ AND UNDERSTAND THE MANAGER'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING.
Numberline Capital Partners LLC Numberline Macro Risk Program (P)
Numberline Capital Partners LLC Numberline Macro Risk Program (P)
AutumnGold AG CTA Index
S&P 500 SP 500 TR
Annualized Compound ROR (1)
4.85%
4.73%
15.51%
Cumulative Return
30.78%
29.97%
126.36%
Cumulative VAMI(7)
1,308
1,300
2,264
Best Monthly Return
24.05%
2.99%
12.82%
Worst Monthly Return
-24.70%
-1.27%
-12.35%
Annual Standard Deviation
22.44%
3.31%
17.63%
Profit Loss Ratio
1.34
3.18
1.88
Correlation
—
-0.09
0.38
Last Month
-1.41%
1.74%
3.65%
Last 12 Months
-10.43%
0.72%
17.60%
Last 36 Months
59.08%
7.96%
95.02%
Growth of $1,000 VAMI Comparison
Risk Disclaimer
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THERE IS AN UNLIMITED RISK OF LOSS IN SELLING OPTIONS. YOU SHOULD CAREFULLY CONSIDER WHETHER COMMODITY FUTURES AND OPTIONS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. AN INVESTOR MUST READ AND UNDERSTAND THE MANAGER'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING.
Numberline Capital Partners LLC Numberline Macro Risk Program (P)
Proprietary Pro-Forma Performance adjusted for a 2% Management Fee and 20% Incentive Fee
Other Fees
None
An Important Note on the Start Date and End Date of this Report
If the Start Date of this Report Predates the Inception of the Program, the Maximum Drawdown from Inception may be larger than indicated in this report.
Performance Results reported or amended subsequent to Friday November 7, 2025 are not reflected in this Report. Monthly ROR and drawdowns are based on end-of-month values and do not reflect intramonth volatility.
Historical Drawdowns and Recoveries
The drawdown begins in the month listed as "start." Length is in months. Recovery begins the following month and ends when full recovery is reached.
Statistical Footnotes
1. The Annualized Compounded Rate of Return (ACROR) represents the compounded rate of return for each year or portion thereof presented. It is computed by applying successively respective monthly rate of return for each month beginning with the first month of that period. It smooths out the returns by assuming a constant growth.
2. Peak to Valley Drawdown = worst % loss between Feb-2020 and Sep-2025
3. Sharpe Ratio is calculated using a Risk-Free ROR
4. Sortino Ratio is calculated using a Minimum Acceptable ROR
5. Calmar Ratio uses the last 36 months of data
6. Sterling Ratio uses the last 36 months of data
7. VAMI = Hypothetical growth of $1,000
8. Drawdown/recovery: start = first loss, recovery = full return to prior peak
Benchmark Descriptions
AG CTA Index: The Autumn Gold CTA Index is a Non-Investable Index comprised of the client performance of all CTA programs included in the AG database and does not represent the complete universe of CTAs. CTA programs with proprietary performance are not included. Monthly numbers are updated until 45 days after the end of the month. Investors should note that it is not possible to invest in this index.
SP 500 TR: The S&P 500 indices are designed to reflect all sectors of the U.S. equity markets. The S&P 500 includes 500 blue chip, large cap stocks, which together represent about 75% of the total U.S. equities market. Companies eligible for addition to the S&P 500 have market capitalization of at least US$3.5 billion. The TR Index accounts for the reinvestment of dividends.
This report was prepared from trader-provided information and is believed to be reliable.
It should be read alongside each Trader’s Disclosure Document or Fund Offering Document.
Risk Disclaimer
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THERE IS AN UNLIMITED RISK OF LOSS IN SELLING OPTIONS. YOU SHOULD CAREFULLY CONSIDER WHETHER COMMODITY FUTURES AND OPTIONS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. AN INVESTOR MUST READ AND UNDERSTAND THE MANAGER'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING.
