Hybrid Asset Allocation
| CAGR | 14.1% |
|---|---|
| Maximum drawdown | -9.6% |
| MAR ratio | 1.46 |
| History | 46 years (560 months) |
HAA (Hybrid Asset Allocation) is Keller & Keuning's blend of dual momentum and breadth-based canary signaling across a global 8-asset opportunity set spanning equities, real estate, and bonds. A single "canary" asset acts as an early-warning gauge for market stress: when its momentum turns negative, HAA moves the entire portfolio to whichever defensive asset looks strongest. When the canary is healthy, HAA ranks the offensive universe by momentum and holds an equal-weighted basket of the four strongest assets — swapping out any pick that has itself lost momentum for a defensive holding. The result is a strategy that stays broadly invested during calm markets but reacts decisively at the first sign of trouble.
HAA uses no leverage. For more details, see Hybrid Asset Allocation.