Dual Momentum
VEU
World ex-US · 100%
Risk-on
See the calculationNovember 2026 · VAA ConfirmedIEFUS Intermediate Treasury · 100%
Defensive
VEA · VWO turned negative — moved to defense · IEF ranks first among defensive assets
28 days until the next confirmation · as of Nov 3, 2026
Provisional This month's data points to IEF → SHY
Why this signal
offensive assets
SPY+0.05Positive
VEA-0.01Negative
VWO-0.26Negative
BND+0.07Positive
defensive assets
LQD+0.05Positive
IEF+0.08Selected
SHY+0.04Positive
13612W momentum score · Keller & Keuning (2017)
Other strategies
DAA
IEF · GSG +2
US Intermediate Treasury 50% · Commodities 16.7%
Defensive
See the calculationPAA
IEF · GSG +5
US Intermediate Treasury 83.3% · Commodities 2.8%
Defensive
See the calculationBiggest moves this month
Largest gainXLEEnergy+0.67#11 → #2 ▲9
Largest dropEWYSouth Korea-0.90#6 → #45 ▼39