BSV - Asset Class Correlation In January 2019
January 2019 has been a decent month for almost all asset classes. During this month none of the ETFs mentioned below and used to reflect the performance of the underlying asset classes provided a negative return. All of the asset classes (excluding bonds and gold) were closely correlated. ETFs that track stock markets have exhibited a very strong linear relationship — close to 1. Commodities, which are considered a high beta asset class, have behaved similarly as real estate and stocks. However, bonds and gold at the same time haven't had so strong linkage to