1/ SPY betas of EFA, EEM, and DBC over the past ten years (contrast with TLT)... draw your own conclusions about diversification potential, etc.

(The beta measurement is a composite of metrics from three months out to five years.)

EFA: Image
2/ EEM: Image
3/ DBC: Image
4/ TLT: Image
5/ Betas were measured using daily closing prices; the composite is an arithmetic average of betas starting three months out with a linearly increasing lookback window going out to five years.
6/ Rolling one-year correlations to SPY (daily data) for

EFA: Image
7/ EEM: Image
8/ DBA: Image
9/ TLT: Image

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