It might be heresy to say, even unrealistic to comprehend, particularly in a year in which investors have heard so much about the growth and momentum factors trumping value, but the stark reality is low volatility exchange traded funds are crushing their high beta counterparts.
Technical analysts and assorted other market experts like to gauge the low volatility vs. high beta match-up with a ratio analysis of the PowerShares S&P 500 Low Volatility Portfolio (NYSE: SPLV) and the PowerShares S&P 500 High Beta Portfolio (NYSE: SPHB).
Year-to-date, SPLV is up 2.4 percent, which on its own is not awe-inspiring, but it looks gorgeous relative to the 5.1 percent lost by SPHB. SPLV's advantage over its high beta counterpart has accelerated in the current quarter. Since July 1, SPLV is up 3.2 percent while SPHB is lower by 3.8 percent. None of this ...
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