Geoffrey Lordi

Multiple Asset Class Short-Term Returns

I second sbenard's comments: I've used LSC, as well. Great utility in its flexible L/S schedule.

Asset Allocation ETFs: Low Expenses Are Nice, Losing Less Money Is Nicer

Donzelion,

Regarding your third point, there's also something to be said for DEM's outperformance over VWO. As a previous VWO owner - and "praise singer" - I switched because I felt DEMS's higher fees were justified. And I've been rewarded since converting: DEM has outperformed - buy a reasonably substantial margin - VWO over the past 1m, 3m, 6m, 1yr, and since DEM's inception (July 13, 2007). This has more than paid for the fee difference - .63% vs .25%. Oh - and I love the dividend on DEM, too: 5.98% vs. 5%.

Early Morning Musing: Correlations Rising?

Brad,

Interesting article - I appreciate seeing the data. Statistically speaking, however, it is difficult to call a trend, or any expressed significance, with two years of data. Certainly there is the possibility of a defensible trend but two data points - even out of 15-20 - don't reveal enough direction.

In fact, I'm more impressed - in the spirit of your article's theme - by the absolute values of the reversals from '91-'92 (21.52%) and '97-'98 (25.96%). I wonder if, during those years, folks pondered a similar sentiment (that commodities were no longer as decorrelated).

Best,
Geoff L