August 2026: the blend trailed the S&P 500.
Most reports bury the number that looks bad. This one opens with it. On a paper account, the trend blend is -1.99% against the S&P 500 since Jun 29, 2026 — the blend trails in a rising market — by design.
Every number, measured
Four figures, each measured on the paper account and each labeled as such. No estimate, no projection, no rounding up.
Why we're behind, and why that's expected: the blend keeps a slice of every asset only while it is trending and steps aside when it isn't. In a market that only rises, stepping aside costs return — so the blend is built to trail in a bull tape and to cushion the falls instead. This window has been all rise and no fall, which is exactly when the gap looks worst. paper results are hypothetical and are not a promise of future performance.
A ghostwriter that cannot invent a number
Every number on this report is copied from this measured fact-sheet — none is written into the page. The on-box tracker measures the paper account each week; a human reviews and merges those measured figures into this file, and the page renders only what the file contains. If something was never measured, it is not here, and it does not appear on the page.
Measured, then merged
The on-box tracker measures the paper account every week. A human reviews those measured figures and merges them into a single fact-sheet — the numbers are not typed into the page.
The page renders only the sheet
This report can display only what the fact-sheet contains. There is no figure written into the page itself — so a number that was never measured has no way to appear here.
Paper, and the honest headline
Every figure is labeled paper; there is zero real money. The headline is always the clean 1.0× series — never a levered or intraweek read that would flatter the month.
Every report, kept
Each month's report stays published exactly as it was measured. The gap is never quietly revised — the record only grows.
| Month | Basis | Blend | S&P 500 | vs S&P | Worst drawdown | Note |
|---|---|---|---|---|---|---|
| August 2026 | paper | +3.38% | +5.37% | -1.99% | -2.20% | the blend trails in a rising market — by design |
See the week-by-week receipts
This report is the monthly summary. The full paper ledger — every week, including the ones it trailed — is on the live record.
Read this honestly: every figure on this page is a paper measurement. Paper results are hypothetical, benefit from hindsight, and are not a promise of future performance. There is no real-money track record. Uptogain publishes one public report for everyone — it is not personalized advice, and we neither manage your money nor take custody of it.