Santiago1000 · Results and risk
Results and risk
Return, risk and portfolio composition on a comparable basis. Every figure on this page shares the same reference date, states the period it covers and names its source.
- Reference date
- 21 September 2026
- Base currency
- USD
- Series
- Jan 2019 — Sep 2026
- Next review
- October 2026
Return against the benchmark
Growth of $10,000 since 2019
The primary reporting benchmark is the S&P 500 Total Return, in USD with dividends reinvested. Not every year beats it: 2021 and 2022 fell well behind, and the cumulative advantage rests mainly on 2020, 2023 and 2024.
Return by period
Year by year, with and against the benchmark
| Year | Santiago1000 | S&P 500 TR | Difference |
|---|---|---|---|
| 2019 | +29.4% | +31.5% | −2.1 pp |
| 2020 | +96.7% | +18.4% | +78.3 pp |
| 2021 | +10.2% | +28.7% | −18.5 pp |
| 2022 | −32.7% | −18.1% | −14.6 pp |
| 2023 | +40.2% | +26.3% | +13.9 pp |
| 2024 | +40.1% | +25.0% | +15.1 pp |
| 2025 | +21.2% | +17.9% | +3.3 pp |
| 2026 partial | +14.5% | +12.7% | +1.8 pp |
Across the period the strategy finished ahead of the benchmark in five of eight years. The cumulative advantage is 170.6 percentage points, but it is concentrated in 2020, 2023 and 2024 — and it was preceded, in 2022, by the worst annual loss in the series.
Risk
What happened in the drawdowns
A return can only be read alongside the loss that came with it. The table below lists the largest peak-to-trough falls in the series and how long each took to recover.
| Period | Drawdown | Duration | Context |
|---|---|---|---|
| Feb 2018 — Aug 2021 | −64.2% | 42 months | Before Popular Investor status |
| Dec 2021 — Feb 2024 | −37.7% | 26 months | Largest drawdown under the current strategy |
| Feb — May 2025 | −9.8% | 3 months | Correction recovered within the year |
| Nov 2025 — Apr 2026 | −7.1% | 6 months | Recovered |
| Since Jul 2026 | −6.0% | ongoing | No new high as at the date of this page |
Risk ratios
Portfolio at the reference date
Concentration and composition
All positions are long and unleveraged. The ETF block is 18.1% of the portfolio and the aerospace and defence block 13.9%. Weights are calculated at market value over the total account value, cash included, at the reference date.
Ten largest positions
Bars are proportional to portfolio weight on a common scale. The internal maximum weight per position is 7%.
Who follows
Method
Calculation notes
Each field states how the figure was obtained, so the results can be verified and compared against other sources.
| Field | Standard applied |
|---|---|
| Period and currency | 1 Jan 2019 to 21 Sep 2026, in USD. 2026 is incomplete and is marked as such in every table. |
| Return | Monthly series from the eToro account @Santiago1000, net of platform costs, with dividends reinvested. Deposits and withdrawals are excluded. The cumulative and annualised figures are compounded from that series. |
| Benchmark | S&P 500 Total Return, in USD with dividends, at the close of 18 Sep 2026 — the latest close available for the series at the date of this page. The three-day gap against the portfolio reference date is flagged and not adjusted. |
| Drawdown | Maximum peak-to-trough fall on the monthly series, with start date, trough date and time to a new high where already recovered. |
| Portfolio | Weights at market value over the total account value, cash included, at a single reference date. Positions in the same instrument opened at different times are aggregated. |
| Audience | Copiers and the copied-capital band exactly as reported by eToro. eToro publishes the capital in bands, not as an exact figure. |
| Updating | A monthly snapshot, closed and validated before publication. If automated collection fails, the last validated information is kept with its own date. Material corrections are logged with date and reason. |
Before you copy
The results above describe the portfolio being followed. A copy starts at the prices available when it is opened and inherits neither entry prices nor earlier gains, so its path can differ.
The value of investments may go up or down. Your capital is at risk. Past performance is not a reliable indicator of future results. The results of a copy may differ from those of the portfolio being followed. Copy trading does not constitute investment advice. The content of this page should be read together with the warnings and conditions that apply on the platform.
