In 2008, the S&P 500 experienced a drawdown of about 50% from peak to trough. Many assets which are typically considered effective equity diversifiers also faced precipitous losses. In stark contrast, volatility levels as measured by VIX experienced significant increases and in 2008 repeatedly...

This study tests the new Valulytics Equal Weighted Community Bank Index (the Valulyics Index) against the five Fisher tests and the three Lo tests of a valid index. Then, we compare the index with the five best known U. S. bank indexes exploring the effect of market capitalization weighting...