Finding Funds with Diversification Potential

Finding Funds with Diversification Potential Downside versus upside betas May 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Downside betas do not help to identify diversifying strategies These need to be combined with upside betas Betas to the...

Downside Betas vs Downside Correlations

Downside Betas vs Downside Correlations Quantifying the diversification benefits of alternative strategies April 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Investors typically use correlation to identify diversifying strategies, but the metric...

Investing & Unintended Consequences

Investing & Unintended Consequences Long gold stocks = long bonds, long banks = short bonds? March 2023 Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYSimple equity ETFs often have exposures to other asset classesGold stocks are bond proxies &...

What’s My International Exposure?

What’s My International Exposure? Comparing top-down vs bottom-up approaches February 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYThe S&P 500 has meaningful exposure to international marketsMeasuring geographical exposure can be done...