AQMNX

hymie-the-robot

look into managed futures (e.g., KMLM, AQMNX). these tend to have negative correlation to S&P. go to the AQR website and find the paper, "Understanding Managed Futures".

hymie-the-robot

I'm over my head here, as I am more of a generalist. but here's what I found. I ran a 10-year backtest, assuming assets of VT, VGLT, AQMNX, QLENX, in descending order of percentages. I came up with roughly 9% return, 10% standard deviation. I'm not sure if I captured your intent, or if some assets should be represented by different tickers. Sharpe & Sortino ratios were less than those of SPY. it returned a lot less than SPY, with much smaller standard deviation.