Re-Visiting Tail Risk ETF Performance During Recent Black Swan Event Surrounding Banks
Summary
- High-profile bank failures have introduced some volatility back to markets.
- I re-visit the performance of several tail risk and convexity ETFs against the return of the S&P 500 index.
- I analyze whether these products are worth holding given what we have experienced in 2022 and 2023 thus far.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I owned shares of SPYC between March 2021 and January 2023.
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