{"url":"https://etfiq.com/models/strategies/trend-following/","section":"models","title":"Trend following: Rules, Holdings and Paper Record | ETFIQ","description":"Trend following: the rule, what it holds at the Nov 3, 2026 close, its signal and its paper record. A hypothetical ETF strategy. Based on Faber, 2007.","as_of":"Nov 3, 2026","structured_data":[{"@type":"WebPage","@id":"https://etfiq.com/models/strategies/trend-following/#page","name":"Trend following: Rules, Holdings and Paper Record","url":"https://etfiq.com/models/strategies/trend-following/","description":"At the Nov 3, 2026 close Trend following is partly in and holds SPY 20%, GSG 20%, VNQ 20% and 1 more, with 20% in cash. Hypothetical back-test since 2010: +4.2% a year against AOR\u2019s +7.6%, deepest fall \u221213.7%.","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":"Trend following","item":"https://etfiq.com/models/strategies/trend-following/"}]},{"@type":"WebPage","name":"Trend following: Rules, Holdings and Paper Record","description":"Trend following: the rule, what it holds at the Nov 3, 2026 close, its signal and its paper record. A hypothetical ETF strategy. Based on Faber, 2007.","url":"https://etfiq.com/models/strategies/trend-following/","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":1978,"truncated":false,"content":"ETFIQ / ETF Models / Strategy Lab / Trend following \n \n Data as of Nov 3, 2026. Rebuilt every trading night.\n Trend following\n Hold each of five asset classes while it trades above its 10-month average, else hold cash.\n At the Nov 3, 2026 close Trend following is partly in and holds SPY 20%, GSG 20%, VNQ 20% and 1 more, with 20% in cash. Hypothetical back-test since 2010: +4.2% a year against AOR\u2019s +7.6%, deepest fall \u221213.7%.\n Hypothetical. No money is invested.\n What it holds at the Nov 3, 2026 close Fund Name Weight \n SPY SPDR S&P 500 ETF Trust 20.1% \n GSG iShares GSCI Commodity-Indexed Trust Fund 20.1% \n Cash 20.0% \n VNQ Vanguard Real Estate ETF 20.0% \n EFA iShares MSCI EAFE ETF 19.9% \n The rule\n Hold each of five asset classes while it trades above its 10-month average, else hold cash.\n A rule reads the close of the last trading day of the month and trades at the next close.\n The universe is 5 funds; the benchmark is iShares Core 60/40 Balanced Allocation ETF (AOR).\n It is checked at each month end.\n Source: Faber, M. (2007). A Quantitative Approach to Tactical Asset Allocation. Journal of Wealth Management 9(4), 69-79.\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, Trend following, data as of Nov 3, 2026. https://etfiq.com/models/strategies/trend-following/ 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, Trend following, data as of Nov 3, 2026. https://etfiq.com/models/strategies/trend-following/ APA ETFIQ. (Nov 3, 2026). ETFIQ Strategy Lab, Trend following. Retrieved from https://etfiq.com/models/strategies/trend-following/ Markdown [ETFIQ Strategy Lab, Trend following (ETFIQ, Nov 3, 2026)](https://etfiq.com/models/strategies/trend-following/)","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, Trend following, data as of Nov 3, 2026. https://etfiq.com/models/strategies/trend-following/"}