SMIGRM Research Series · Paper No. 1 · SSRN

Risk management
that leads
the market.

The RISP 500™ is a 15-variable composite risk indicator for U.S. equity markets. Four years of publicly time-stamped live trading results. Serving financial advisors, RIAs, and institutional investors.

Live track record (daily updated) — see table

View 2022–2025 Live Track Record Read the SSRN paper
Performance · 01/01/2022 – 26/06/2025
Updated every day
Live verified
$100k grew to
Cum. Return
RoMaD
S&P 500 StrategySSO / SPY / GLD · 3-Level
$428,729
+328.73%
20.9×
Nasdaq 100 StrategyQLD / QQQ / GLD · 3-Level
$500,999
+401.00%
16.9×
SPY (Buy & Hold)Benchmark
$143,574
+43.57%
1.8×
Who it serves

Built for practitioners
who manage real capital.

The RISP 500™ was designed for investment professionals whose first obligation is to safeguard their clients' wealth — and whose competitive edge depends on beating benchmarks and winning the battle for AUM. Since WWII, the U.S. stock market exponential growth has benefitted from the unparalleled power of the United States in the world; the coming decades will be more challenging. For financial professionals, a systematic risk-first framework is no longer optional.

🏛️
Family Offices & Hedge Funds
$50M–$2B. Quantitatively sophisticated. Seeking a real-time, forward-looking composite risk indicator that integrates volatility, fixed income, and macro data into one actionable daily number — and that can provide a definitive edge.
→ Tiers 3–4 recommended
🌐
International Allocators
Fund managers in Brazil, Latin America, Asia, Europe, and the Middle East seeking U.S. equity exposure with professional risk management infrastructure and a US-based partner who understands their market context.
→ Tiers 4–5 recommended
📊
Sophisticated Individual Investors (HNWI and UHNWI)
High-net-worth self-directed investors who understand risk-adjusted returns, have experienced a major drawdown, and want a systematic daily indicator rather than media noise and conflicting expert opinions.
→ Tiers 1–2 recommended
Live track record · All 8 strategies

Four years. Eight strategies.
All outperformed.

Every strategy guided by the RISP 500™ outperformed the S&P 500 benchmark over the full four-year period. Results are consistent across different asset classes, leverage levels, and RPT calibrations. The main goal of two-level strategies is to seek protection when market risks spike and remain HIGH. Three-level strategies excelled over two-level strategies by adding a new dimension: the possibility of turbo-charging performance during periods of strong bull market (when risks are LOW).

Scroll right to see all columns  ·  Best viewed in landscape
Strategy 4-Yr Return CAGR Max DD RoMaD $100k grew to
S&P 500 Strategy3-LEVELSSO / SPY / GLD · RPT-1 70% · RPT-2 90% +328.73% ~42.8% −15.97% 20.9× $428,729
Nasdaq 100 Strategy3-LEVELQLD / QQQ / GLD · RPT-1 70% · RPT-2 90% +401.00% ~48.5% −24.23% 16.9× $500,999
Volatility Strategy3-LEVELSVXY / SPY / VIXM · RPT-1 75% · RPT-2 96% +321.70% ~41.5% −18.36% 17.4× $421,702
SPY or Cash2-LEVELStrategy 1 · RPT 75% +55.81% ~11.6% −8.72% 6.4× $155,810
QQQ or Cash2-LEVELStrategy 2 · RPT 75% +77.84% ~15.6% −14.52% 5.4× $177,840
SSO or Cash2-LEVELStrategy 3 · RPT 75% +121.19% ~21.7% −18.58% 6.5× $221,190
QLD or Cash2-LEVELStrategy 4 · RPT 75% +183.33% ~29.4% −31.70% 5.8× $283,330
SVXY or Cash2-LEVELStrategy 5 · RPT 75% +207.66% ~31.4% −21.16% 9.8× $307,660
SPY (Buy & Hold Benchmark) +43.57% ~9.5% −25.36% 1.8× $143,574
Jan 1, 2022 – Dec 31, 2025 · $100,000 initial investment · Corrected P&L methodology · Daily results verified: facebook.com/risp500 & x.com/risp500
Visual performance record

Growth of $100,000
January 2022 – December 2025

Four years of compounding, live-verified. Each data point was publicly posted before or at execution. Hover over the chart to inspect values at any date. MOBILE: Flip the phone to landscape orientation to view charts.

Portfolio Value · $100k initial investment
S&P 500 Strategy Nasdaq 100 Strategy Volatility Strategy SPY Benchmark
Drawdown · S&P 500 Strategy vs SPY
S&P 500 Strategy SPY
Drawdown · Nasdaq 100 Strategy vs SPY
Nasdaq 100 Strategy SPY

Monthly data points · All values computed from publicly posted daily results · Chart data updated manually · MOBILE: Flip the phone to landscape orientation to view charts.

How it works

Risk measurement
as the primary signal.

SMIGRM inverts the conventional portfolio management paradigm. Instead of selecting assets and then managing risk, the RISP 500™ measures risk first — and asset allocation naturally becomes obvious from that assessment. And yes, it works with any portfolio and any strategy the practitioner currently uses; it won't conflict; rather it will strenghten the practitioner's existing strategies.

01 / MEASURE
The RISP 500™ Indicator
More than 15 variables — spanning the VIX complex, fixed income and equity markets, macroeconomic leading indicators, and Fed policy expectations — synthesised into a single and convenient daily percentile-ranked risk score. Calculated each morning between 10:00–10:30am ET.
15+ variables · daily composite score
02 / DECIDE
Risk Percentile Threshold
Each subscriber sets two personalised RPTs — RPT-2 is the level above which portfolios rotate to safety. RPT-1 is the level below which portfolios rotate to accelerate wealth. Fully personalised: lower thresholds for conservative clients and higher ones for aggressive clients. Only when the RISP 500™ crosses a RPT is an action taken. Most days, no action is needed.
~1 trade per 2 weeks average turnover
03 / ROTATE
Context-Dependent Dynamic Allocation
Contrary to the industry-standard fixed allocation — which ignores market regimes and depends entirely on the correlation assumption holding — SMIGRM dynamically changes allocation in response to the actual risk environment. Three-level strategies provide granular control; two-level strategies provide simplicity. All using liquid ETFs, all executable in minutes.
<5 min per day to implement
Daily indicator · rolling 250-day window

The RISP 500™ reading
over the past 12 months.

Each data point is the daily composite risk reading — a percentile rank from 0 to 100 relative to all observations since April 2008. The shaded zones show the three allocation levels: below RPT-1 (risk-on), between RPT-1 and RPT-2 (intermediate), above RPT-2 (defensive).

RISP 500™ Daily Reading · Last 250 Business Days
Risk-On (below RPT-1) Intermediate (RPT-1 to RPT-2) Defensive (above RPT-2)

Shaded zones based on standard RPT-1 = 70% · RPT-2 = 90% · Updated daily after market close · Data sourced from live Excel tracker

The indicator

More than 15 variables.
One indicator.

The RISP 500™ composite is built from variables that most practitioners track separately but never synthesise to form an accurate risk profile for the market. The volatility complex alone — VRP, VIX, VVIX, term structures, roll yield — encodes the forward-looking risk assessments of volatility dealers who price and hedge institutional downside protection.

Ask yourself what is most accurate: your opinion, his or her opinion, or the market's collective opinion and sentiment scanned and captured in real-time? The composite produces a historically calibrated percentile rank that answers this question objectively every single day. 100% data-based. No subjectivity or biases involved. Period.

Volatility Complex
Volatility Risk Premium (VRP)
VIX — CBOE Volatility Index
VIX Cash Term Structure
VIX Futures Term Structure
Roll Yield (contango / backwardation)
VVIX — Volatility of volatility (VIX)
Equity and Fixed Income
MOVE Index (bond market volatility)
Yield Curve Inversions
Equity Risk Premium (ERP)
Macro & Policy
Leading Economic Indicators (LEI)
Fed Rate Hike / Cut Probabilities
Additional variables (proprietary)

The 3 Key Principles for Sustained Statistical Success

When all three principles work together, they form an exceptionally powerful combination. Casinos operating on probabilistic environments understood these principles for ages: they don't gamble but assure long-term survival and profitability; they rig the game in their favor using the same principles. Does it work in the stock market investing world, which is also probabilistic (unpredictable)? Well, our results prove it — four years of live trading and counting.

01
Statistical Edge
Invest only when risk conditions favour a positive outcome. Quantified odds, not someone's opinions.
02
Asymmetrical Payoff
Limit losses early. Let upside run. The framework enforces this by design through threshold-based rotation.
03
Law of Large Numbers
A consistent edge applied across 365 times per year every year converges to a favourable expected outcome.
2022
The year that proved the framework

The year stocks and bonds fell together.

In 2022, the S&P 500 fell 19.48%. Bonds fell simultaneously. Every diversified portfolio lost money. The 60/40 model — the industry's most popular portfolio allocation model — failed regardless of the stock-to-bond ratio.

The RISP 500™ S&P 500 Strategy returned +41.67% the same year. Not in a backtest like every single previous crashes the RISP 500™ caught early (e.g., 2008 GFC, 2018 Volgameddon, 2020 Coronavirus, etc.). For 2022 and beyond: A live, publicly posted, daily-verified result.

This single-year differential — 61 percentage points in one calendar year — is the empirical proof of concept for the framework's core mechanism: de-risking the position on rising market risks and re-risking the position on falling market risks. The goal is not predict the market (it's impossible). It's to identify and understand the changing context fast to take action early.

+41.67%
S&P 500 Strategy
2022 annual return
−19.48%
SPY Benchmark
2022 annual return
−15.97%
Max Drawdown
Strategy (4-year)
−25.36%
Max Drawdown
SPY (4-year)
$428,729
S&P 500 Strategy · $100k grew to
vs $143,574 for SPY · Jan 2022 – Dec 2025
2022–25
Four years that had it all

Bull, bear, a few crashes, and everything in between.

In all four years (2022-2025), the RISP 500™ S&P 500 Strategy returned +328.73% vs. 43.57% for the SPY ETF over the same period. Impressive, yes, but the most important feature is that it beat the benchmark with significantly lower drawdowns: −15.97% vs. −25.36% for the SPY. As a result, the Strategy's return-to-risk ratio measured by RoMaD was substantially stronger: 20.9× vs. 1.8× for the benchmark SPY ETF over the period.

This is the empirical proof of concept for the framework's core mechanism: de-risking the position on rising market risks and re-risking the position on falling market risks.

Not a backtest. A live, publicly posted (Facebook and X), daily-verified result. We post it every day after the close or in the next morning before the market opens. For total transparency, you can download the entire daily history with the daily RISP 500™ reading, executed prices, and P&L calculation here (Excel file):

⬇ Download the entire history here - XLSX file (coming soon)
+328.73%
S&P 500 Strategy
Total return 2022–2025
+43.57%
SPY Benchmark
Total return 2022–2025
−15.97%
Strategy Max Drawdown
4-year period
−25.36%
SPY Max Drawdown
4-year period
20.9×
Strategy RoMaD
Return over Max Drawdown
1.8×
SPY RoMaD
Return over Max Drawdown
$428,729
S&P 500 Strategy
$100k grew to · Jan 2022 – Dec 2025
$143,574
SPY Benchmark
$100k grew to · same period
OUR PUBLISHED RESEARCH SERIES

Research Paper No. 1 — SMIGRM: A Context-Dependent Dynamic Asset Allocation Framework

Published on SSRN. Submitted to Journal of Investing. Full methodology, four-year live trading evidence, literature review, and statistical analysis. Free download.

Research Paper No. 2 — Market Whipsaw: How to Early Detect the Achilles Heel of All Tactical Systems

Published on SSRN. The Whipsaw Problem — Part I: detection, measurement, and impact on tactical signal-based strategies. Free download.

Research Paper No. 3 — SWORD 1.1: Market Whipsaw Detection and Avoidance Model with VIX and RISP 500™

Published on SSRN. The Whipsaw Problem — Part II: the SWORD detection model and empirical validation working together with the RISP 500™. Free download.

Pricing & service tiers

Priced on value delivered,
not on features alone.

Most signal services charge a flat fee regardless of who uses them or how much capital is at stake. We do not. The RISP 500™ is a professional risk management tool designed for use by credentialed investment managers. Individual investors pay for the signal. Professional advisors and institutional managers pay in proportion to the AUM they protect — because protecting $400M from a bear market is not the same problem as protecting $400k. Every tier starts at a deeply discounted Year 1 Evaluation Rate so you can experience a full market cycle before committing at the standard rate.

💡
Why a Year 1 Evaluation Rate?

The RISP 500™ is an experience good — its true value only becomes clear when you live through a genuine market stress event with it. A 60-day free trial may fall entirely in a calm market period, leaving you with no dramatic proof of concept. We believe a full calendar year is the minimum meaningful test window. In any 12-month period, there will be at least one risk event — a volatility spike, a Fed surprise, a sector shock — where the RISP 500™ demonstrates its core mechanism: de-risking your position before the damage is done, and re-risking as conditions normalise. The Year 1 Evaluation Rate lets you experience that at a fraction of the standard cost. From Year 2 onwards, you pay the standard rate — because by then you have seen it work— We are sure you'll be impressed.

For individual investors — self-directed portfolios

← swipe to see all tiers →

Tier 1 · Individual
Basic Signal
Special Year 1 rate $554/yr · $46/mo equivalent
$77/mo
Annual Subscription: $924/yr
Special Year 1 Offer: $554/yr (~HALF PRICE)
Flexibility premium: $97/mo month-to-month
  • Daily RISP 500™ reading by email, 10:00–11:00am ET (New York Time)
  • Weekly strategy performance vs. SPY benchmark
  • Full archive — all 8 strategies, every result since Jan 2022
  • RPT onboarding guide — set your personal risk threshold
  • 60-day free challenge before your first payment
"Does this really work?" — Try it free for 60 days, then evaluate a full year at $46/month. One avoided drawdown pays for years of the subscription.
Start Free 60-Day Challenge →
Tier 2 · Individual+
Signal + Intraday Alerts
Special Year 1 rate $1,138/yr · $95/mo equivalent
$157/mo
Annual Subscription: $1,884/yr
Special Year 1 Offer: $1,138/yr (~HALF PRICE)
Flexibility premium: $197/mo month-to-month
  • Everything in Basic Signal
  • Intraday RPT alerts — Special notification if RPT is crossed after signal
  • Act at the optimal moment, not 18 hours later
  • Monthly market commentary — context behind the signal
  • Priority email support
The difference between Tier 1 and Tier 2 is timing. When the RISP 500™ crosses your RPT at 11am on a volatile day, you want to know at 11am — not the next morning. In a fast-moving market, 18 hours is a long time to be in the wrong position.
Get Started →
For professional advisors & fund managers — AUM-scaled pricing

Why AUM-scaled pricing for professionals?  A signal that helps protect $100M from a 2022-style bear market is worth orders of magnitude more than the same signal applied to a $100k personal account. Professional tiers are priced accordingly — but even at scale, the cost remains a fraction of one year's management fees. All professional tiers include a 25% Year 1 Evaluation Rate and a 30-day money-back guarantee.

← swipe to see all tiers →

Tier 3A · Professional
AUM: $5M – $50M
Growth RIA
Year 1 rate $2,160/yr · $180/mo equivalent
$240/mo
Annual Subscription: $2,880/yr
Special Year 1: $2,160/yr (Only $180/mo, 25% OFF)
Flexibility premium: $300/mo month-to-month
  • Everything in Signal + Intraday Alerts
  • Custom RPT — backtested against 15 years of RISP 500™ history for your specific asset set, 3× per year
  • Up to 3 personalised strategy configurations
  • Attribution report — quarterly for compliance and IPS documentation
  • 1-hour professional onboarding session
  • 30-day money-back guarantee
At $25M AUM / 1% fee → you earn $250k/yr. This subscription = 1.1% of your revenue. One retained client relationship pays for 5+ years of the subscription.
"I need to document this for compliance." — The quarterly attribution report is built for exactly that. Your process is systematic, data-driven, and defensible to clients and regulators.
Request Access →
Tier 3C · Professional
AUM: $200M – $500M
Large RIA
Year 1 rate $8,640/yr · $720/mo equivalent
$960/mo
Annual Subscription: $11,520/yr
Special Year 1: $8,640/yr (Only $720/mo, 25% OFF)
Flexibility premium: $1,200/mo month-to-month
  • Everything in Established RIA
  • Strategy review call — ongoing calibration as your client base evolves (monthly)
  • White-label option — your firm's brand; your clients never see RISP 500™
  • Referral programme — earn credit for introductions
  • Additional analyst seat at $500/yr
  • 30-day money-back guarantee
At $400M AUM / 1% fee → you earn $4M/yr. This subscription = 0.36% of your revenue — less than one basis point on AUM. The build-vs-buy alternative (one dedicated risk analyst) costs $150k–$250k/year in salary alone.
"I want to own this, not license it." — The white-label option delivers exactly that. Your clients see your firm's systematic risk management process. Your firm's brand. Your intellectual infrastructure. We are invisible.
Request Access →
For institutions & international fund managers — AUM $500M+ · Annual contracts only

← swipe to see all tiers →

Tier 4 · Institutional
AUM: $500M+ · Annual contract
RISP 500™ Live
$24,000/yr
Multi-seat: $36k/yr (3 seats)  ·  Annual only
  • Everything in Large RIA
  • Minute-by-minute intraday RISP 500™ feed — updated every 2 seconds during market hours
  • Private real-time dashboard — password-protected, your team only
  • Unlimited RPT optimisation across all strategies and mandates
  • Monthly strategy review call with Risk Scientific founder
  • Dedicated relationship management
Bloomberg Terminal: $24k/seat/year — raw data, no allocation signal. FactSet: $12k–$30k/year — also raw data. RISP 500™ Live: $24k/year — a synthesised, actionable risk signal with 4 years of live verified performance. You are paying for the synthesis and the track record, not just the data.
Schedule a Conversation →
Tier 5 · Remote Advisory
International fund managers · Negotiated AUM structure
Remote Advisory
Custom
$3k–$10k/month indicative  ·  6-month minimum
  • Everything in RISP 500™ Live
  • Real-time buy/sell signal delivery calibrated to your fund's mandate and risk parameters
  • Daily risk monitoring — your positions reviewed against current RISP 500™ regime
  • Hedging and stop-loss guidance for specific market conditions
  • Fund setup consultation — embed SMIGRM into your fund's investment process from day one
  • CVM, SEC, and international regulatory context fully understood
  • You retain full execution authority — fully independent from US regulatory registration requirements
Equivalent US-based portfolio analyst: $200k–$400k/year fully loaded. Tier 5 at $5k/month: $60k/year — with a 30-year institutional track record, a peer-reviewed published methodology, and a 4-year live trading record on day one. Your fund launches with proven infrastructure, not a blank slate.
"We are still in the pre-launch phase and do not yet have AUM." — Pre-launch is exactly the right time to start. We configure your strategy matrix during setup so your fund launches with the framework already embedded, not retrofitted later. Reduced pre-launch rates available, stepping up to standard rate at defined AUM milestones.
Enquire Now →
AUM Declaration & Tier Integrity

Professional tier pricing is based on AUM self-declared at subscription. U.S. RIAs: AUM is publicly verifiable via SEC Form ADV. Brazilian managers: verifiable via CVM public filings. Pricing tiers are reviewed annually — existing subscribers receive 60 days notice before any adjustment. Not sure which tier fits? Email us →

Year 1 → Year 2 Renewal

Year 1 Evaluation Rates apply to your first annual subscription. From Year 2, subscriptions renew at the standard annual rate. Subscribers who renew early (30+ days before expiry) receive a 10% loyalty discount on their Year 2 standard rate — making honest renewal cheaper than any workaround. Introductory rate is one per subscriber household, verified at payment.

Start here

The 60-Day Challenge.

Receive the daily RISP 500™ signal for 60 days. Track your hypothetical $100k position weekly. See the results for yourself before committing a dollar.

1
Set your RPT level
2
Receive the daily signal
3
Track your P&L weekly
4
Day 60: compare the results
Start your free 60-day trial →

No credit card required · Cancel anytime · Fixed 60-day clock

From subscribers

What practitioners
are saying.

From independent RIAs in California to hedge fund managers in New York, family offices in Germany, and fund managers in Brazil — the RISP 500™ is trusted by practitioners managing real capital.

APRIL 2025 · LIBERATION DAY EVENT · PRIVATE INVESTOR

"Saved me from the current melt down on SPY and my entire portfolio (April 2 Liberation Day)"

— David C.  ·  Private investor, New York, USA
AFTER 4 MONTHS OF USE · REGISTERED INVESTMENT ADVISOR

"I've been using the system for about four months, and so far, I see great potential. I love how it simplifies trading by first determining your risk threshold and then using that as a clear guide for decision-making. It's reassuring to be out of the market during periods of high volatility while others are panicking. While time will ultimately tell, my experience so far has been very positive. Thank you!"

— Steve M.  ·  Registered Investment Advisor, California, USA
DAILY ACCURACY & COMFORT · HEDGE FUND MANAGER

"I found the daily report very clear and accurate. RISP 500 gives me an important additional degree of comfort that I will not overexpose my positions in an unpredictable volatile market. Thanks!"

— Ross F.  ·  Hedge Fund Manager, New York, USA
TRUST & CLIENT IMPACT · SINGLE FAMILY OFFICE

"Reliance is the most important part in a business relationship. We receive the daily risk indicator produced by Risk Scientific LLC. It has this diferencial. The system this company developed gained our trust. It makes a huge difference for our clients."

— Leo Z.  ·  Single Family Office Investment Manager, Frankfurt, Germany
SAFE & CONSISTENT RETURNS · PRIVATE INVESTOR

"Sidney has been a treasure in my way to understand the market. Thanks to his method I can invest in a safe and constant way in order to achieve my financial goals."

— Sandra E.  ·  Private investor, Lisbon, Portugal
FREE TRIAL CONVERTED TO SUBSCRIBER · FINANCIAL ADVISOR · SÃO PAULO, BRAZIL

"O seu Sistema de Controle de risco foi indicado por um colega do mercado financeiro numa conversa informal. Confesso que fiquei cético quando ele falou dos resultados de bater o S&P 500 todo ano. Tem muita gente picareta aqui no Brasil então a gente fica desconfiado naturalmente, né? Mas ainda bem que decidi fazer o free trial, pois fez toda a diferença. Durante o free trial mesmo, já me deu resultado e passei a implementar nas carteiras dos meus clientes. Já sou seu assinante e mais que isso, virei seu fã."

— Lucas M.  ·  Private investor & financial advisor, São Paulo, Brazil
DAILY CLARITY & MARKET INSIGHT · PRIVATE INVESTOR

"I love the information that is provided on a daily basis. Sidney's market analysis helps me to see how the markets are responding to various factors. I believe this method is the safest and most effective way to invest."

— Amelia R.  ·  Private investor, Boston, USA
LIFE-CHANGING IMPACT · PRIVATE INVESTOR

"Thank you for changing my life."

— Robert K.  ·  Private investor, Ottawa, Canada
Due diligence

Frequently asked questions
from financial professionals.

Ten questions answered at practitioner depth — for RIAs, fund managers, and institutional allocators doing real due diligence.