EXL Capital applies a systematic, data-driven investment approach. Its live, audited track record is built through Darwinex, a regulated investment platform supervised by the FCA, CNMV and FSA.
Σxl capital®
Systematic Investments
DATA DRIVEN
PROTOCOL
SUBJECTIVITY
Investment decisions follow predefined, data-driven rules. These rules govern trade selection, position sizing and ongoing monitoring, ensuring execution remains systematic rather than discretionary.
03 / PROCESS
000 / 100
STUDY
Study research papers to identify evidence-backed market behaviours and hypotheses worth testing.
DEFINE
Translate each research hypothesis into a clear systematic plan with explicit signals, rules and risk constraints.
BUILD
Code, test and optimise the strategy while preserving the logic of the original research.
CHALLENGE
Stress-test the strategy across periods, conditions and parameter variations to assess stability and limit overfitting.
OBSERVE
Run a controlled testing phase for several months and compare observed behaviour with historical expectations.
DEPLOY
Deploy in live market conditions with risk exposure calibrated to the strategy’s role within the existing portfolio.
RESEARCH
LIVE
PERFORMANCE ↓
PERFORMANCE
The observable result of the process—with return, drawdown and consistency presented together.
CUMULATIVE RETURN
+13.4%
ANNUALISED RETURN
+24.0%
MAX DRAWDOWN
−6.3%
SHARPE RATIO
1.41
SORTINO RATIO
2.84
CALMAR RATIO
3.78
Capital is at risk. Past performance is not a reliable indicator of future results.
EASX (%)
S&P 500 BENCHMARK (%)
WITH474 BENCHMARK (%)
S&P 500An index of 500 leading US companies, widely used to represent the US large-cap equity market. This chart shows price returns, excluding dividends.
WITH474A monthly index tracking 360 multi-strategy hedge funds worldwide. It provides a peer benchmark for diversified alternative portfolios; July 2026 is the latest observation.
PERFORMANCE
HISTORY.
NEGATIVE
FLAT
POSITIVE
| YEAR | JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | — | −2.31 | +9.04 | +0.50 | −2.48 | +1.75 | +2.00 | +4.10 | +0.58 | — | — | — | +13.43 |
RISK WARNING Capital is at risk. Past performance does not predict future results. The information presented is provided for informational purposes only and does not constitute investment advice, an offer or a solicitation to invest.
*Since Feb 2026, this strategy is trading in the live market. Figures for earlier periods reflect results produced before the strategy’s live deployment. *YTD and live returns are compounded and based on the EASX DARWIN quote. They are net of brokerage commissions, spreads and swaps, but before Darwinex investor management and performance fees. They therefore do not represent an investor’s net return. *Live results are risk-adjusted by the Darwinex Risk Engine, which dynamically adjusts market exposure to align the DARWIN with its target risk level without altering the strategy’s underlying trading decisions.
PRECISION
IN EVERY
DECISION
EXL Capital is a systematic investment project driven by data and automated infrastructure. To scale our quantitative R&D cycle, we integrate autonomous AI agents into our core development process. This accelerates algorithmic coding, bridges the gap between research and backtesting, and strengthens rigorous robustness testing. Our ambition is clear: leverage advanced AI to refine our systematic rules, manage risk with precision, and aim to improve risk-adjusted returns over time.
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