QuantX Ranked Index (QxRI) vs S&P 500
Quarterly rebalance backtest, 2020–2025

Summary

This report evaluates the performance of the QuantX Ranked Index (QxRI), a systematic equity strategy selecting the top 25 S&P 500 companies based on cash flow strength, leverage, profitability, and revenue growth. The index is rebalanced quarterly and compared against the S&P 500 ETF (SPY).

Results

Average quarterly outperformance: +3.66%
Win rate vs S&P 500: 70%
Best quarter: +22.27%
Worst quarter: −5.54%

Interpretation

The strategy demonstrates consistent outperformance across the test period, with a majority of quarters exceeding benchmark returns. Performance persistence suggests the factor combination captures durable financial strength characteristics associated with superior equity returns.

Methodology

Stocks were ranked using a composite score based on free cash flow yield, debt-to-EBITDA, profit margin, and revenue growth. The top 25 ranked stocks were equally weighted and rebalanced quarterly.