What is your definition of equivalence. Does it account for this?
https://www.portfoliovisualizer.com/bac ... vamCMAY8Ht
The S&P500 and market portfolio may be equivalent over long horizons (we don't know for sure), and also over shorter horizons during which the magnitude of the size factor return is low, but holding the S&P500 does not guarantee that you will get the market return.
https://www.portfoliovisualizer.com/bac ... vamCMAY8Ht
The S&P500 and market portfolio may be equivalent over long horizons (we don't know for sure), and also over shorter horizons during which the magnitude of the size factor return is low, but holding the S&P500 does not guarantee that you will get the market return.
Statistics: Posted by Northern Flicker — Fri Dec 29, 2023 1:32 am — Replies 80 — Views 8102