- Six months later, I revisit the Cambria Tail Risk ETF, as the broad equity markets begin to show signs of fatigue.
- Historically, an S&P 500 plus TAIL portfolio has failed to perform better than a simpler and cheaper stocks and bonds strategy.
- The benefit of using TAIL as a hedging instrument may lessen during times of high volatility, such as the current one.
- I believe there are better alternatives to seeking protection against large declines in the stock market, including strategies that use the VIX index.
For further details see:
Cambria Tail Risk ETF: Unnecessary Complexity