@MarkSp & @Jed Mires

You think just a vanilla s&p500 is better ? Bond futures should be about 7 years duration as a target in wtef. But bond yields have generally gone up (SP down) so not an environment where they would have helped as positive correlation and in fact worse performance expected in that regime.

Maybe someone could chart 60% s&p and 40% 7-10 year bonds v's 100% wtef

or

60% s&p v's 66.66% wtef which nets 60% s&p plus whatever effect the bonds do or don't have

Obviously s&p at around 0.03% vs wtef 0.25%

@Jed Mires

Thanks for info. Guess that's the point that the bonds are futures to June as we stand rather then live and leverage is built is at 1.5 which hurts more if it goes against you.

If we compare 60/40 ie invested all your money you get the -7.5% approx

To get the same 60/40 with wtef you invest 67% in it at -11%. Perhaps your remaining 33% invested in gold would get a tie or even beat flat 60/40 - at least you can play that game.

That's how i see WTEF and its global bond and equity sister WGEC - it gives room for alternative assets beyond 60/40. Sometimes its built in leverage hurts its price but it does allow a broader portfolio.

Cheers again for useful discussion :)