{"url":"https://etfiq.com/models/strategies/dual-momentum/","section":"models","title":"Dual momentum: Rules, Holdings and Paper Record | ETFIQ","description":"Dual momentum: the rule, what it holds at the Nov 3, 2026 close, its signal and its paper record. A hypothetical ETF strategy. Based on Antonacci, 2014.","as_of":"Nov 3, 2026","structured_data":[{"@type":"WebPage","@id":"https://etfiq.com/models/strategies/dual-momentum/#page","name":"Dual momentum: Rules, Holdings and Paper Record","url":"https://etfiq.com/models/strategies/dual-momentum/","description":"At the Nov 3, 2026 close Dual momentum is risk on and holds ACWX 100%. Hypothetical back-test since 2010: +8.7% a year against ACWI\u2019s +10.6%, deepest fall \u221231.8%.","dateModified":"2026-11-03","isPartOf":{"@id":"https://etfiq.com/models/strategies/#page"},"publisher":{"@id":"https://etfiq.com/#org"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"ETF Models","item":"https://etfiq.com/models/"},{"@type":"ListItem","position":3,"name":"Strategy Lab","item":"https://etfiq.com/models/strategies/"},{"@type":"ListItem","position":4,"name":"Dual momentum","item":"https://etfiq.com/models/strategies/dual-momentum/"}]},{"@type":"WebPage","name":"Dual momentum: Rules, Holdings and Paper Record","description":"Dual momentum: the rule, what it holds at the Nov 3, 2026 close, its signal and its paper record. A hypothetical ETF strategy. Based on Antonacci, 2014.","url":"https://etfiq.com/models/strategies/dual-momentum/","dateModified":"2026-11-03","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":1904,"truncated":false,"content":"ETFIQ / ETF Models / Strategy Lab / Dual momentum \n \n Data as of Nov 3, 2026. Rebuilt every trading night.\n Dual momentum\n Hold US stocks or foreign stocks, whichever gained more over 12 months, if they beat T-bills. Otherwise hold bonds.\n At the Nov 3, 2026 close Dual momentum is risk on and holds ACWX 100%. Hypothetical back-test since 2010: +8.7% a year against ACWI\u2019s +10.6%, deepest fall \u221231.8%.\n Hypothetical. No money is invested.\n What it holds at the Nov 3, 2026 close Fund Name Weight \n ACWX iShares MSCI ACWI ex U.S. ETF 100.0% \n The rule\n Hold US stocks or foreign stocks, whichever gained more over 12 months, if they beat T-bills. Otherwise hold bonds.\n A rule reads the close of the last trading day of the month and trades at the next close.\n The universe is 3 funds; the benchmark is iShares MSCI ACWI ETF (ACWI).\n It is checked at each month end.\n Source: Antonacci, G. (2014). Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk. McGraw-Hill (book); working paper: Risk Premia Harvesting Through Dual Momentum, SSRN 2042750 (2012).\n Computed by ETFIQ from Tiingo daily prices. Data sourced by Tiingo .\n Where to next\n Compare strategies Build your own How we test All strategies Investment committee \n Cite this page. ETFIQ, ETFIQ Strategy Lab, Dual momentum, data as of Nov 3, 2026. https://etfiq.com/models/strategies/dual-momentum/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, ETFIQ Strategy Lab, Dual momentum, data as of Nov 3, 2026. https://etfiq.com/models/strategies/dual-momentum/ APA ETFIQ. (Nov 3, 2026). ETFIQ Strategy Lab, Dual momentum. Retrieved from https://etfiq.com/models/strategies/dual-momentum/ Markdown [ETFIQ Strategy Lab, Dual momentum (ETFIQ, Nov 3, 2026)](https://etfiq.com/models/strategies/dual-momentum/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ Strategy Lab, Dual momentum, data as of Nov 3, 2026. https://etfiq.com/models/strategies/dual-momentum/"}