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EQX-M1 PID

EQX-M1 on the PID path prioritizes risk control and capital discipline. Across the long window shown it compounds at roughly 7.1 percent with about 14.5 percent annualized volatility. The maximum drawdown is about 35 percent, materially shallower than the S&P 500 history in the same window, and the Sharpe ratio sits around 0.54. The series demonstrates consistent participation in advancing markets while reducing exposure during stress, which is visible in the smoother path and narrower distribution of returns.

The main tradeoff is headline return versus the index. The S&P 500 prints a higher long run CAGR near 13.9 percent with a Sharpe of about 0.61, albeit with much higher volatility and deeper historical losses. For allocators, PID suits mandates that value stability and controlled downside while still seeking equity growth. The weakness to acknowledge is that in powerful trending bull legs the PID path will typically trail the benchmark.