The SG CTA Index keeps its name, but its managers change yearly. We compared its 2016 and 2026 constituents, looking back at their available returns from July 2016 onward. The 2026 group looks stronger, but hindsight matters. Selecting managers based on their membership a decade later introduces selection and survivorship bias, while the 2016 roster retains programs that subsequently left the index or stopped reporting. Today’s lineup tells a cleaner story than the one investors could have chosen at the outset.
Yet even with that favorable lens, the results are hardly a victory lap. DBi’s replication methodology was built to improve risk adjusted returns while mitigating single manager drawdown risk. Contact us for details.
