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Peter Jurík

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Aug 2026

Real performance and downside risk of static multi-asset portfolios across U.S. business-cycle phases, 1930–2025

This paper examines the real performance and downside risk of thirteen static multi-asset portfolios across U.S. business-cycle phases from 1930 to 2025. Using 1,149 monthly observations, it analyses equities, U.S. government bonds, gold, silver, real estate investment trusts, and selected portfolio combinations. Reces...

Peter Jurík, Michal Mešťan · 0 citations

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