Uncommon analysis for advisors and portfolio managers.


Featured insights on index investing,
ETF trends, liquidity, and monitoring risk

Tony Barchetto, CFA
Liquidity: Same As It Ever Was... or Not?
Moving in and out of markets in this environment is difficult to say the least Recent bid/ask spreads suggest stock m...
Tony Barchetto, CFA
We're in No Man's Land—Rookies and Vets Both Struggle to Find Meaning
There’s nothing marking the transition from young punk to grizzled veteran in the markets. It just happens. One day you’...
Ryan Poirier, ASA, CFA, FRM
Getting High on High Beta
Last year was a run up year, with the S&P 500 surging 31.49%. Yet some factor indices performed much better and some wor...
Ryan Poirier, ASA, CFA, FRM
Psst…meet the Steve Kerr of Low Volatility
One year ago, the Salt Low truBeta™ US Market Index joined the fight against volatility. [1] The team is already stacked...
Ryan Poirier, ASA, CFA, FRM
Betting Big with Beta
Large market swings can spook even the most experienced traders. Since 2017, the most tranquil calendar year on record, ...
Ryan Poirier, ASA, CFA, FRM
Beta for IPOs, Now Available
Uber and Lyft excited the public markets in the first half of the year with their highly anticipated IPOs. More companie...
Tony Barchetto, CFA
High Beta: Better Ingredients Make the Dish
Properly evaluating performance in investing is critical. For new entrants, waiting for enough time to pass to start any...
Ryan Poirier, ASA, CFA, FRM
Overslept? No Problem, Trading Late in the Day Proves Fruitful
Buying the SPY at the close and then selling it the following morning at the open would have produced a positive retur...
Tony Barchetto, CFA
A Deeper Look at Liquidity in Smaller ETFs
Average underlying liquidity of the smallest ETFs is generally larger than funds in the middle of the range by asset l...
Tony Barchetto, CFA
Differences Between Low Beta and Low Volatility for Defensive Portfolios
Beta and volatility are similar measures of risk with some key differences. Ranking by beta vs. volatility tends to p...