Tracking TLT with TBT - 3 Years

After running the system on 3 years of data, it appears that using TBT to track TLT over the long run is a fool's errands. Volatility and decay make it almost impossible to create a working model. The best result I can obtain using some overly complicated formulas is displayed below:

And here are the stats:

As time goes by, decay kills the model and will do the same to your investment! Better to stick to TLT. TBT makes a nicer vehicle for short term trades though!