Faber Relative

Faber Relative Strength: Top 1 (t.frs1) ranks a set of 6 global asset class ETFs (SPY, EFA, DBC, IEF, VNQ, SHY) based on a weighted moving average of returns over the past 1, 3, 6, 9, and 12 months. Then t.frs1 chooses the Top 1 asset class ETF. An additional test is applied based on each asset's 10-month simple moving average. This methodology is described in Mebane Faber's paper entitled "Relative Strength Strategic for Investing" (April 2010).