How does VixShield calculate performance for its daily SPX Iron Condors that generate constant cash flows? Is IRR the primary metric or is another approach used?

At VixShield, we calculate performance for our daily 1DTE SPX Iron Condors using a multifaceted approach that prioritizes consistency, risk-adjusted returns, and capital efficiency rather than relying solely on IRR. Our Set and Forget methodology, built on Russell Clark's SPX Mastery framework, emphasizes three risk tiers with fixed credit targets: Conservative at $0.70, Balanced at $1.15, and Aggressive at $1.60 per contract. These produce an approximate 90 percent win rate on the Conservative tier across roughly 18 out of 20 trading days, generating steady theta-driven income while the ALVH Adaptive Layered VIX Hedge provides layered protection against volatility spikes. Performance tracking begins with daily realized P&L, where each trade's net credit is recorded at the 3:10 PM CST signal, after the SPX close via the 3:09 PM cascade. We track win rate, average credit captured, maximum drawdown, and recovery efficiency through the Theta Time Shift mechanism, which rolls threatened positions forward using EDR Expected Daily Range guidance when VIX exceeds 16 or EDR surpasses 0.94 percent, then rolls back on VWAP pullbacks to harvest additional premium without adding capital. This temporal approach has demonstrated an 88 percent loss recovery rate in backtests from 2015 to 2025. While we monitor IRR to evaluate compounded growth on constant cash flows, it is not our headline metric because daily entries create overlapping capital commitments that distort pure IRR calculations. Instead, we emphasize Sortino Ratio to focus on downside deviation, combined with a target CAGR of 25 to 28 percent under the Unlimited Cash System. Position sizing remains at a maximum of 10 percent of account balance per trade, ensuring defined risk at entry with no stop losses required. RSAi Rapid Skew AI optimizes strike selection in real time to match exact premium targets, while the Contango Indicator and Premium Gauge guide tier selection under VIX Risk Scaling. For example, with current VIX at 17.95 and SPX near 7138.80, all tiers remain available as VIX sits below 20 and below its five-day moving average of 18.58. This integrated tracking reveals how our daily Iron Condor Command, protected by ALVH's three-layer VIX call structure in a 4/4/2 ratio, delivers reliable income with drawdowns limited to 10 to 12 percent. All trading involves substantial risk of loss and is not suitable for all investors. Visit vixshield.com to explore our full SPX Mastery resources and consider joining the SPX Mastery Club for live sessions and indicator access.