Blog Post: ETFs as Hedge Funds 2.0: A Better Way to Capture Beta and Alpha?

Hedge funds often fall short.

Case in point: Warren Buffett’s 2007 bet. He wagered $1M that an S&P 500 index fund would beat a selection of hedge funds over a decade.

The S&P 500 crushed all five hedge fund portfolios.

NEW POST: Bitcoin: Wealth Creation or Wealth Transfer?

A “devil vs. angel” format to explore the debate around Bitcoin’s place in a portfolio.

aptuscapitaladvisors.com/bitcoin-weal...

More a reflection of Greece's improved standing than France's deterioration (at this point at least), but this wasn't an outcome that would have been deemed possible a decade ago

The CAPE ratio, introduced by Robert Shiller in 1988, is a popular tool for assessing market valuation. But its track record shows consistent underestimation of U.S. equity returns—missing by 5-10%+ over many periods.

aptuscapitaladvisors.com/beware-cape-...

Let’s explore.

Well… that was fun!

Last week I was fortunate to be on @bloomberg ETF IQ to talk about our new ETF $UPSD

You can find me starting at the 17:00 minute mark: lnkd.in/ghY-_Ag2

Feel free to DM with any questions

Housing Market and Affordability… 1/2

Home prices and especially mortgage payments (given prices and rates) are clearly elevated in nominal and real terms

Some last minute “stimulus” before budgets get pulled 👀

We see a lot of charts showing the outperformance of U.S. vs foreign stocks as some indication that mean reversion is on the way.

If earnings growth doesn’t revert, returns won’t either.

Sometimes the VIX futures curve is like this… upward sloping (in contango) signaling market risk is “normal” HT vixcentral.com

Excited to share the launch of an ETF that's been in my mind for a decade+

$UPSD combines a low-vol core of quality large-cap stocks to manage risk while adding trend-following equity + put-writing overlays to enhance upside when markets are favorable

More here www.businesswire.com/news/home/20...

Utilizing Volatility Expectations to Guide Risk Taking

aptuscapitaladvisors.com/utilizing-vo...

TLDR: The VIX isn't just a "fear gauge"—it's the market's pulse, reflecting expectations about future volatility which can be used to make risk-taking decisions.