Commodity Trend followers are by definition uncorrelated to stocks because the strategy creates positively and negatively correlated returns in different market regimes, making them suitable defensive assets.

factualpending

Speaker

Jason Buck

Evidence Quote

Trend following on the University Commodities is by the by definition of the strategy it tends to be uncorrelated

Source

Why Defense Wins in Investing | Practical Lessons from Jason BuckExcess Returns
Created: 8/11/2026, 7:37:59 AM

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