< 1% annualized → high strategy fidelity. 8. Strengths & Weaknesses Strengths ✅ Low correlation to equities (ρ = 0.2) ✅ Positive convexity in crashes ✅ Fully systematic, no discretion
★★★★☆ (4/5) – Recommended with monitoring.
< 1% annualized → high strategy fidelity. 8. Strengths & Weaknesses Strengths ✅ Low correlation to equities (ρ = 0.2) ✅ Positive convexity in crashes ✅ Fully systematic, no discretion
★★★★☆ (4/5) – Recommended with monitoring.