Built for long-term Investing Across Market Cycles
Built for long-term investing across market cycles
The ZEGA Decades™ strategy is a model portfolio designed to pursue positive risk-adjusted returns with lower volatility than the S&P 500 Index. Its name reflects a long-term investment philosophy—aimed at constructing a portfolio investors can confidently hold over 10-year periods, through a wide range of market environments.
A Multi-Asset, Regime-Aware Approach
Decades employs a diversified, multi-asset allocation framework that may include:
- Equities
- Fixed income
- Gold
- Volatility strategies
Other diversifying exposures
The portfolio is periodically rebalanced to reset target weights and maintain alignment with the strategy’s risk and diversification objectives.
Thoughtful Equity Exposure
Equity allocations typically represent approximately 50%–65% of the portfolio. The remaining assets are selected and sized with an emphasis on low or non-correlation, seeking to dampen portfolio volatility and improve overall risk efficiency.
Designed for Staying Power
By blending growth-oriented equity exposure with diversifying asset classes, ZEGA Decades seeks to offer investors a durable, disciplined portfolio—one designed not just for a single market cycle, but for investing across decades.
Performance
Decades
| as of 1/31/2026 | MTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | ITD |
| Decades Net* | 1.51% | 1.51% | 12.48% | 14.95% | |||
| Bench (Morningstar Moderate TR) | 2.33% | 2.33% | 15.68% |
*Note: Returns are expressed in US Dollars and calculated net of actual fees. Performance includes reinvestment of dividends and other earnings. ZEGA Investments is a registered investment adviser and investment manager that specializes in derivatives. ZEGA is a separate accounts manager and all returns expressed herein are solely from the separate accounts business within ZEGA.
All portfolios that are at least 70% allocated to this strategy are included. The benchmark is the Morningstar Mod TgtRisk TR USD. The Morningstar Moderate Target Risk TR seeks approximately 60% exposure to global equity markets and the remaining exposure across bonds and inflation-hedged instruments. The minimum account size for this composite is $5,000.
ZEGA Investments claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. ZEGA has not been independently verified. ZEGA is a registered investment advisor under the Investment Advisers Act of 1940 and is the “Firm” to which GIPS standards apply. Policies for valuing accounts, calculating performance, and preparing compliant presentations are available upon request. GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
All investments involve the risk of potential investment losses as well as the potential for investment gains. Prior performance is no guarantee of future results and there can be no assurance, and clients should not assume, that future performance of any of the model portfolios will be comparable to past performance.
These results should not be viewed as indicative of the advisor’s skill. The prior performance figures indicated herein represent portfolio performance for only a short time period and may not be indicative of the returns or volatility each portfolio will generate over a long time period. The performance presented should also be viewed in the context of the broad market and general economic conditions prevailing during the periods covered by the performance information. The actual results for the comparable periods would also have varied from the presented results based upon the timing of contributions and withdrawals from individual client accounts. The performance figures contained herein should be viewed in the context of the various risk/return profiles and asset allocation methodologies utilized by the asset allocation strategists in developing their model portfolios and should be accompanied or preceded by the model.
Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. In finance, standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility.
On July 1, 2024, ZEGA Financial spun off its wealth management-focused advisory business into a new firm ZEGA Investments. Consequently, ZEGA Investments acquired the Dividend Max strategy from ZEGA Financial. Prior to spin off, performance results for the period May 2023 through June 2024 were achieved at ZEGA Financial. ZEGA Financial no longer reports historical performance for this strategy. The lead manager primarily responsible for achieving prior performance began managing this strategy on at ZEGA Financial and has continued in the same capacity at ZEGA Investments. Additionally, the accounts managed and the investment process employed for this strategy at the prior firm remain substantially similar. Therefore, ZEGA Investments uses May 2023 as the inception date for the Dividend Max strategy.