Long Dow, Short Nasdaq: A Pair Trade to Cut AI Risk
One year of daily returns gives the Dow a 0.502 correlation with BlackRock's AI ETF, versus 0.914 for the Nasdaq-100. That gap is the basis for a long-short pair.
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Pair Trading
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One year of daily returns gives the Dow a 0.502 correlation with BlackRock's AI ETF, versus 0.914 for the Nasdaq-100. That gap is the basis for a long-short pair.