Performance Analytics
Risk-Adjusted Returns
≈65× account growth · $2.02M in trading gains from a $30,690 start. Dean Gallagher’s personal brokerage account grew from $30,689.71 (January 1, 2023) to $1,993,432.55 (August 31, 2026). Over the same 44 months, total deposits were $356,000 and total withdrawals were $409,854 — net flows of approximately −$53,854 — so the entire ending value, plus the net amount withdrawn, was generated by investment gains. Gains were concentrated in the second quarter of 2026, and a majority of those gains was given back in July 2026, a single month that returned −56.1%. Results are personal and pre-fund, are presented gross of fees except where noted, were reconciled by the manager to 40 monthly and annual Fidelity statements, and have not been independently audited or verified. Past performance is not indicative of future results; the Fund has no operating history.
Illustrative net-of-fees: had the Fund’s proposed fees (2% annual management fee, accrued monthly, and 20% annual performance allocation subject to a high-water mark) been applied to the same period return series, the cumulative time-weighted result would have been approximately +14,742% (≈148×) versus ≈304× gross — materially lower. Hypothetical illustration only; the Fund did not exist during this period and no fees were actually charged. Time-weighted figures are additionally influenced by six months (August 2024 – January 2025) in which the account balance was under $6,000; see methodology.
Drawdown Profile
The cost
of compounding.
The account-value path was not a straight line. The deepest pullback is July 2026 — peak Jun 2026, trough Jul 2026 at −56.11% in a single month, on mark-to-market in a 3x leveraged semiconductor ETF. As of August 31, 2026 the account remained below its June 2026 high-water mark. The prior deepest pullback was spring 2024 — peak Mar 2024, trough Jun 2024 at −36.42%.
Drawdown is calculated against the running high-water mark of end-of-month account value, reconciled by the manager to 40 monthly and annual Fidelity statements; not independently audited or verified.
Drawdown · 44 Months
Peak-to-trough drawdown over time
Drawdown measures how far the account fell from its prior high-water mark. The deepest point — July 2026 — touched -56.11% in a single month.
Methodology
Time-weighted return calculated from monthly account returns; this does not represent the multiple obtained by dividing ending account value by initial account value.
Time-weighted results are materially influenced by six months in which the account balance was less than $6,000 following a substantial withdrawal; excluding those months the chained figure is approximately 108×.
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