HISTORY DOES NOT REPEAT · MECHANISMS DO

Three Shocks. One List. Three Different Outcomes.

An illustrative comparison across different indices and ETF proxies—not a like-for-like backtest. Watch how the rankings reverse.

Winning Mechanism

Easiest Mistake

What to Watch

Data: Bloomberg BBDXT, iShares / SEC TLT, World Gold Council, SG Trend / Man Group, and S&P Dow Jones Indices. Index, ETF, and fee conventions are not directly comparable.