White Paper — Analysis of Three Largest Drawdowns — Swan Defined Risk Strategy
Swan Research — Innovative Thought Leadership
The Swan Defined Risk Strategy (DRS) was designed over 20 years ago as a full market solution. It seeks to participate in up markets and protect in down markets. While the DRS is intended to protect during bear markets, it should be made perfectly clear that the DRS is not completely insulated from periods of loss. There have been periods of loss before and there will be periods of loss again. We believe it is important for investors in the DRS to have proper expectations for the next sell-off in the market. A common thread through three of the worst historic drawdowns of the DRS was the negative impact of a major volatility spike.
This white paper discusses the following:
- Three worst drawdowns since inception July 1, 1997
- Relative moves versus the S&P 500 Index
- Analysis of market conditions and DRS performance
Read the full paper below: