Beat the market whitepaper

12,035 funds. Three reasonable expectationhjys. Just 22 passed.

Everyone wants an investment that beats a 60/40 portfolio, delivers a smoother ride, and actually diversifies away from stocks. Sounds reasonable. So why is it so hard to find?

We put the numbers to the test. The results might change how you think about alternatives.

Inside the whitepaper

The three-wish problem: Why beating a 60/40, reducing volatility, and keeping equity beta low is a tougher combination than it sounds.
The volatility trapdoor: See how the pool went from 3,206 funds beating the benchmark to just 58 that also had lower volatility.
Diversification beyond stocks: Why a fund that looks different from the S&P 500 may still overlap with your bond, gold, or commodity exposure.
Different versus efficient: What changed when the screen went beyond diversification to examine risk-adjusted results.
A more useful way to evaluate alternatives: Why the job a strategy performs in a portfolio matters more than the label on the fact sheet.

Read the research, challenge your assumptions, and take a closer look at what genuine diversification means. →

IMPORTANT RISK DISCLOSURE

The risk of loss in trading commodity futures contracts, whether on one's own or through a managed account or pooled ‘fund’, can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain a position in the commodity futures market . Any specific investment or investment service contained or referred to in this website is intended for accredited investors only and is not suitable for all investors. You should not rely on any of the information as a substitute for the exercise of your own skill and judgment in making such a decision on the appropriateness of such investments. Finally, the ability to withstand losses and to adhere to a particular trading program or fund in spite of trading losses are material points which can adversely affect investor performance. Past performance is not necessarily indicative of future results.

Can you Beat the Market...with Less Volatility