ETFDIY2025年7月號
2025年7月起搞搞新意思，除了MPF之外，嘗試展示一下將幾個成熟的TAA (tactical asset allocation) 運用於美股，然後組合出不同的波幅組合，每月作出跟進展示。
下表顯示了自2016年1月至2025年6月的組合表現，2%波幅組合是以歷史按月波幅為2%作組合目標，得出歷史年均回報為15.91%，過往(2016-2025年) 最大跌幅為-10.79%，由於過往跌幅未必是組合將來的最大跌幅，於是下表亦列出2%波幅組合的預期最大跌幅為-10%至-20%。
下表亦列出其他按月波幅的情況，例如8%按月波幅的歷史年均回報為44.02%，回報/波幅比率為5.5，歷史最大跌幅為-23.91%，預期最大跌幅為-40%至-80%。
什麼組合適合什麼人? 基本上是按個人風險承受能力，承受最大跌幅的能力，如果簡單按年歲劃分，20歲適合8%按月波幅組合，40歲可參考6%按月波幅組合，80歲適合2%按月波幅組合。
不要幻想有投資策略會只賺不賠，見下表，2022年各組合全年都會蝕8%至14%不等，只是TAA幫助同期可以比起大市蝕少啲。亦不會幻想年均回報就是每年都有同一回報，歷年來回報都有變化，這才有波幅。沒有風險哪來回報?
| Year | Month | SPY | QQQ | 2% 波幅組合 | 3% 波幅組合 | 4% 波幅組合 | 5% 波幅組合 | 6% 波幅組合 | 7% 波幅組合 | 8% 波幅組合 |
| 2016 | 1 | -4.98% | -6.91% | 4.04% | 6.41% | 8.07% | 9.60% | 11.03% | 12.44% | 12.55% |
| 2016 | 2 | -0.08% | -1.57% | 4.86% | 7.50% | 9.33% | 11.08% | 12.81% | 14.54% | 14.45% |
| 2016 | 3 | 6.72% | 6.85% | 1.01% | 1.60% | 1.28% | 0.90% | -0.31% | -1.46% | -2.09% |
| 2016 | 4 | 0.39% | -3.19% | -0.10% | -0.79% | -1.37% | -2.24% | -2.78% | -3.32% | -3.16% |
| 2016 | 5 | 1.70% | 4.37% | 0.55% | 0.85% | 0.49% | 0.17% | -0.46% | -1.02% | -1.82% |
| 2016 | 6 | 0.35% | -2.27% | 3.43% | 5.09% | 6.57% | 7.79% | 9.27% | 10.68% | 11.34% |
| 2016 | 7 | 3.65% | 7.15% | 1.64% | 2.12% | 1.78% | 1.40% | 0.63% | -0.06% | -0.88% |
| 2016 | 8 | 0.12% | 1.05% | 0.40% | 0.68% | 0.99% | 1.10% | 1.25% | 1.36% | 1.78% |
| 2016 | 9 | 0.01% | 2.21% | 0.05% | -0.16% | -0.74% | -1.34% | -2.12% | -2.86% | -3.39% |
| 2016 | 10 | -1.73% | -1.46% | 0.21% | 0.54% | 1.21% | 1.83% | 2.61% | 3.34% | 3.98% |
| 2016 | 11 | 3.68% | 0.44% | 0.38% | 0.64% | 1.11% | 1.53% | 1.90% | 2.23% | 2.79% |
| 2016 | 12 | 2.03% | 1.13% | 3.46% | 5.16% | 6.27% | 7.25% | 8.13% | 8.99% | 9.00% |
| 2017 | 1 | 1.79% | 5.14% | 2.39% | 3.41% | 4.74% | 5.88% | 7.00% | 8.02% | 9.20% |
| 2017 | 2 | 3.93% | 4.38% | 2.62% | 3.47% | 3.87% | 4.23% | 4.43% | 4.64% | 4.40% |
| 2017 | 3 | 0.13% | 2.03% | 2.51% | 3.94% | 4.78% | 5.52% | 6.09% | 6.66% | 6.57% |
| 2017 | 4 | 0.99% | 2.73% | 1.90% | 2.83% | 3.69% | 4.44% | 4.93% | 5.37% | 5.95% |
| 2017 | 5 | 1.41% | 3.90% | 2.74% | 3.98% | 3.72% | 3.42% | 2.79% | 2.30% | 0.69% |
| 2017 | 6 | 0.64% | -2.32% | 0.15% | 0.08% | 0.02% | 0.04% | 0.34% | 0.67% | 0.38% |
| 2017 | 7 | 2.06% | 4.06% | 0.76% | 0.91% | 1.17% | 1.33% | 1.08% | 0.78% | 1.41% |
| 2017 | 8 | 0.29% | 2.07% | 1.30% | 2.01% | 1.90% | 1.82% | 1.48% | 1.21% | 0.34% |
| 2017 | 9 | 2.01% | -0.29% | 0.23% | 0.31% | 1.17% | 1.88% | 2.74% | 3.48% | 4.91% |
| 2017 | 10 | 2.36% | 4.61% | 1.69% | 2.55% | 3.41% | 4.16% | 4.36% | 4.49% | 5.32% |
| 2017 | 11 | 3.06% | 1.97% | 2.46% | 3.53% | 3.98% | 4.45% | 4.71% | 5.00% | 4.52% |
| 2017 | 12 | 1.21% | 0.60% | 2.49% | 3.71% | 4.75% | 5.73% | 6.77% | 7.78% | 8.07% |
| 2018 | 1 | 5.64% | 8.76% | 2.15% | 2.69% | 2.63% | 2.57% | 1.47% | 0.38% | 0.25% |
| 2018 | 2 | -3.64% | -1.29% | -0.25% | 0.24% | 1.42% | 2.54% | 3.65% | 4.65% | 6.01% |
| 2018 | 3 | -2.74% | -4.08% | -1.08% | -1.72% | -2.07% | -2.38% | -2.14% | -1.89% | -2.03% |
| 2018 | 4 | 0.52% | 0.51% | 1.17% | 1.88% | 3.20% | 4.41% | 5.57% | 6.60% | 8.05% |
| 2018 | 5 | 2.43% | 5.67% | 0.51% | 0.63% | 0.27% | -0.19% | -1.05% | -1.87% | -2.21% |
| 2018 | 6 | 0.58% | 1.15% | 0.34% | 0.39% | 0.08% | -0.20% | -0.50% | -0.75% | -1.33% |
| 2018 | 7 | 3.70% | 2.80% | 1.47% | 1.95% | 2.43% | 2.88% | 3.04% | 3.17% | 3.61% |
| 2018 | 8 | 3.19% | 5.78% | 1.20% | 1.51% | 1.17% | 0.82% | -0.19% | -1.15% | -1.62% |
| 2018 | 9 | 0.59% | -0.28% | -1.07% | -1.92% | -2.91% | -3.82% | -4.66% | -5.44% | -6.12% |
| 2018 | 10 | -6.91% | -8.60% | -1.69% | -1.64% | -1.42% | -1.20% | -1.01% | -0.84% | -0.52% |
| 2018 | 11 | 1.85% | -0.26% | 1.69% | 2.62% | 4.28% | 5.78% | 7.27% | 8.61% | 10.38% |
| 2018 | 12 | -8.79% | -8.65% | 1.29% | 1.07% | 1.93% | 2.86% | 4.82% | 6.69% | 7.58% |
| 2019 | 1 | 8.01% | 9.01% | 1.28% | 1.78% | 2.55% | 3.26% | 3.97% | 4.62% | 5.35% |
| 2019 | 2 | 3.24% | 2.99% | 1.51% | 2.45% | 3.42% | 4.27% | 4.58% | 4.80% | 5.72% |
| 2019 | 3 | 1.81% | 3.92% | 3.26% | 4.42% | 5.90% | 7.25% | 8.28% | 9.19% | 10.53% |
| 2019 | 4 | 4.09% | 5.50% | -0.03% | -0.57% | -2.87% | -5.05% | -7.81% | -10.33% | -13.13% |
| 2019 | 5 | -6.38% | -8.23% | 2.69% | 4.63% | 7.19% | 9.68% | 12.38% | 14.92% | 16.64% |
| 2019 | 6 | 6.96% | 7.59% | 1.91% | 2.66% | 3.63% | 4.51% | 5.37% | 6.15% | 6.92% |
| 2019 | 7 | 1.51% | 2.33% | 2.06% | 3.22% | 4.96% | 6.50% | 7.83% | 9.00% | 10.80% |
| 2019 | 8 | -1.67% | -1.90% | 1.37% | 1.24% | 0.61% | 0.07% | -0.05% | -0.07% | -1.29% |
| 2019 | 9 | 1.95% | 0.92% | -0.11% | -0.15% | -0.07% | -0.04% | -0.10% | -0.19% | 0.12% |
| 2019 | 10 | 2.21% | 4.38% | 2.17% | 3.14% | 4.05% | 4.90% | 5.53% | 6.12% | 6.63% |
| 2019 | 11 | 3.62% | 4.07% | 1.09% | 1.50% | 1.87% | 2.16% | 2.00% | 1.80% | 2.27% |
| 2019 | 12 | 2.90% | 3.89% | 1.73% | 2.11% | 2.43% | 2.62% | 2.54% | 2.42% | 2.83% |
| 2020 | 1 | -0.04% | 3.04% | -1.34% | -2.19% | -4.36% | -6.37% | -8.80% | -11.01% | -13.42% |
| 2020 | 2 | -7.92% | -6.06% | 1.55% | 3.09% | 4.61% | 6.02% | 7.41% | 8.73% | 9.48% |
| 2020 | 3 | -12.46% | -7.29% | 5.87% | 8.29% | 11.97% | 15.27% | 18.28% | 20.97% | 24.68% |
| 2020 | 4 | 12.70% | 14.97% | 2.86% | 4.54% | 6.15% | 7.65% | 9.09% | 10.46% | 11.23% |
| 2020 | 5 | 4.76% | 6.60% | 2.46% | 3.74% | 4.48% | 5.21% | 6.09% | 7.00% | 6.60% |
| 2020 | 6 | 1.78% | 6.28% | 2.79% | 4.40% | 6.05% | 7.53% | 8.45% | 9.26% | 10.57% |
| 2020 | 7 | 5.89% | 7.35% | 7.40% | 10.77% | 13.85% | 16.34% | 18.58% | 20.64% | 22.59% |
| 2020 | 8 | 6.98% | 10.94% | -0.06% | -0.27% | -2.36% | -4.35% | -7.58% | -10.58% | -13.06% |
| 2020 | 9 | -3.74% | -5.78% | -4.11% | -6.28% | -8.05% | -9.55% | -10.61% | -11.59% | -12.48% |
| 2020 | 10 | -2.49% | -3.04% | 3.07% | 5.24% | 9.06% | 12.49% | 16.29% | 19.75% | 23.59% |
| 2020 | 11 | 10.88% | 11.23% | 4.21% | 6.34% | 7.97% | 9.34% | 9.18% | 8.92% | 10.27% |
| 2020 | 12 | 3.71% | 4.90% | 4.71% | 7.07% | 7.67% | 8.11% | 8.13% | 8.26% | 6.90% |
| 2021 | 1 | -1.02% | 0.26% | 1.27% | 2.09% | 1.70% | 1.38% | 0.88% | 0.51% | -1.05% |
| 2021 | 2 | 2.78% | -0.13% | 3.69% | 5.80% | 7.60% | 9.18% | 9.94% | 10.60% | 11.75% |
| 2021 | 3 | 4.54% | 1.71% | 4.58% | 7.00% | 8.97% | 10.81% | 12.09% | 13.30% | 14.08% |
| 2021 | 4 | 5.29% | 5.91% | 3.36% | 4.82% | 5.33% | 5.78% | 5.83% | 5.92% | 5.32% |
| 2021 | 5 | 0.66% | -1.20% | -0.51% | -0.90% | -1.51% | -2.08% | -2.67% | -3.21% | -3.79% |
| 2021 | 6 | 2.25% | 6.26% | 0.52% | 0.57% | 0.44% | 0.26% | -0.11% | -0.47% | -0.55% |
| 2021 | 7 | 2.44% | 2.86% | 2.61% | 3.91% | 5.12% | 6.20% | 7.03% | 7.79% | 8.53% |
| 2021 | 8 | 2.98% | 4.22% | 1.06% | 1.34% | 0.82% | 0.29% | -0.69% | -1.58% | -2.48% |
| 2021 | 9 | -4.66% | -5.68% | 0.78% | 1.88% | 4.82% | 7.53% | 10.93% | 14.03% | 17.36% |
| 2021 | 10 | 7.02% | 7.86% | 3.02% | 4.11% | 4.77% | 5.36% | 5.21% | 5.04% | 5.30% |
| 2021 | 11 | -0.80% | 2.00% | 0.03% | 0.37% | 0.65% | 0.94% | 0.84% | 0.72% | 0.95% |
| 2021 | 12 | 4.63% | 1.15% | 0.00% | -0.61% | -0.75% | -0.86% | -0.96% | -1.09% | -0.65% |
| 2022 | 1 | -5.27% | -8.75% | -4.14% | -6.13% | -7.56% | -8.81% | -9.07% | -9.28% | -10.02% |
| 2022 | 2 | -2.95% | -4.48% | 1.15% | 1.75% | 2.68% | 3.49% | 4.47% | 5.38% | 6.22% |
| 2022 | 3 | 3.76% | 4.67% | -1.82% | -2.83% | -4.44% | -5.93% | -7.86% | -9.67% | -10.95% |
| 2022 | 4 | -8.78% | -13.60% | -3.52% | -5.73% | -6.38% | -6.94% | -6.64% | -6.42% | -5.50% |
| 2022 | 5 | 0.23% | -1.59% | -0.07% | -0.14% | -0.30% | -0.51% | -0.94% | -1.38% | -1.34% |
| 2022 | 6 | -8.25% | -8.91% | 0.40% | 0.77% | 2.22% | 3.64% | 5.27% | 6.74% | 8.50% |
| 2022 | 7 | 9.21% | 12.55% | 0.18% | 0.20% | -0.09% | -0.36% | -0.54% | -0.68% | -1.24% |
| 2022 | 8 | -4.08% | -5.13% | -2.49% | -3.81% | -4.91% | -5.79% | -6.83% | -7.84% | -8.23% |
| 2022 | 9 | -9.24% | -10.54% | -0.89% | -1.37% | -1.26% | -1.12% | -1.10% | -1.15% | -0.38% |
| 2022 | 10 | 8.13% | 4.00% | 2.21% | 3.28% | 3.94% | 4.30% | 3.94% | 3.53% | 4.16% |
| 2022 | 11 | 5.56% | 5.54% | -0.60% | -1.24% | -1.79% | -2.29% | -2.50% | -2.68% | -3.05% |
| 2022 | 12 | -5.76% | -9.01% | 0.85% | 1.36% | 3.64% | 5.89% | 8.66% | 11.18% | 13.94% |
| 2023 | 1 | 6.29% | 10.64% | 3.52% | 5.18% | 5.21% | 4.97% | 3.97% | 3.06% | 1.96% |
| 2023 | 2 | -2.51% | -0.36% | 2.19% | 3.63% | 6.76% | 9.77% | 12.90% | 15.73% | 19.08% |
| 2023 | 3 | 3.71% | 9.49% | 1.88% | 2.42% | 2.12% | 1.82% | 2.04% | 2.38% | 0.97% |
| 2023 | 4 | 1.60% | 0.51% | -0.03% | -0.47% | -1.19% | -1.81% | -2.46% | -3.04% | -3.78% |
| 2023 | 5 | 0.46% | 7.88% | 1.92% | 3.56% | 5.28% | 6.75% | 7.16% | 7.42% | 9.20% |
| 2023 | 6 | 6.48% | 6.30% | 3.18% | 3.95% | 4.74% | 5.60% | 5.70% | 5.76% | 6.42% |
| 2023 | 7 | 3.27% | 3.86% | 1.51% | 1.60% | 1.36% | 1.12% | 0.56% | 0.02% | -0.25% |
| 2023 | 8 | -1.63% | -1.48% | -1.55% | -2.38% | -3.33% | -4.22% | -4.93% | -5.58% | -6.29% |
| 2023 | 9 | -4.74% | -5.08% | -3.48% | -4.71% | -5.74% | -6.65% | -7.10% | -7.50% | -8.15% |
| 2023 | 10 | -2.17% | -2.07% | 4.57% | 7.08% | 10.46% | 13.62% | 17.15% | 20.46% | 22.94% |
| 2023 | 11 | 9.13% | 10.82% | 4.12% | 6.44% | 8.23% | 9.75% | 10.23% | 10.61% | 11.72% |
| 2023 | 12 | 4.57% | 5.59% | 4.14% | 4.75% | 4.33% | 3.96% | 3.26% | 2.66% | 1.42% |
| 2024 | 1 | 1.59% | 1.82% | -0.16% | -0.72% | -0.68% | -0.71% | -0.84% | -1.05% | -0.18% |
| 2024 | 2 | 5.22% | 5.28% | 3.09% | 4.45% | 5.15% | 5.86% | 5.92% | 5.99% | 5.86% |
| 2024 | 3 | 3.27% | 1.27% | 0.80% | 0.45% | -1.10% | -2.53% | -4.55% | -6.41% | -8.28% |
| 2024 | 4 | -4.03% | -4.37% | -1.62% | -1.90% | -1.47% | -1.03% | -0.26% | 0.45% | 1.22% |
| 2024 | 5 | 5.06% | 6.15% | 3.99% | 5.39% | 7.16% | 8.81% | 10.08% | 11.22% | 12.78% |
| 2024 | 6 | 3.53% | 6.47% | 1.49% | 1.47% | 1.10% | 0.80% | 0.18% | -0.41% | -0.88% |
| 2024 | 7 | 1.21% | -1.68% | -0.21% | -1.46% | -3.36% | -4.99% | -6.28% | -7.39% | -9.51% |
| 2024 | 8 | 2.34% | 1.10% | 1.44% | 1.42% | 1.60% | 1.79% | 2.01% | 2.20% | 2.50% |
| 2024 | 9 | 2.10% | 2.62% | 1.30% | 1.24% | 0.68% | 0.15% | -0.46% | -1.00% | -1.83% |
| 2024 | 10 | -0.89% | -0.86% | 1.18% | 2.98% | 5.02% | 6.88% | 8.66% | 10.32% | 11.74% |
| 2024 | 11 | 5.96% | 5.35% | 2.97% | 3.64% | 3.75% | 3.85% | 3.55% | 3.29% | 2.93% |
| 2024 | 12 | -2.41% | 0.45% | -2.57% | -3.95% | -4.89% | -5.64% | -5.58% | -5.47% | -6.06% |
| 2025 | 1 | 2.69% | 2.16% | 1.08% | 1.19% | 1.02% | 0.89% | 0.57% | 0.27% | -0.06% |
| 2025 | 2 | -1.27% | -2.70% | 0.67% | 0.58% | 1.42% | 2.27% | 3.53% | 4.68% | 5.88% |
| 2025 | 3 | -5.86% | -7.72% | 2.32% | 3.38% | 6.01% | 8.51% | 12.13% | 15.51% | 17.98% |
| 2025 | 4 | -0.87% | 1.40% | 3.30% | 4.76% | 7.14% | 9.37% | 11.99% | 14.43% | 16.46% |
| 2025 | 5 | 6.28% | 9.18% | 0.80% | 1.82% | 2.54% | 3.10% | 3.05% | 2.95% | 3.44% |
| 2025 | 6 | 5.14% | 6.38% | 2.15% | 3.15% | 3.55% | 3.87% | 3.44% | 3.02% | 3.05% |
| SPY | QQQ | 2% 波幅組合 | 3% 波幅組合 | 4% 波幅組合 | 5% 波幅組合 | 6% 波幅組合 | 7% 波幅組合 | 8% 波幅組合 | ||
| 2016-2025 | 年均回報 | 14.59% | 19.39% | 15.88% | 22.59% | 28.48% | 33.73% | 37.34% | 40.69% | 43.99% |
| 2016-2025 | 按月波幅 | 4.46% | 5.42% | 2.00% | 3.00% | 4.00% | 5.00% | 6.00% | 7.00% | 8.00% |
| 2016-2025 | 回報/波幅 | 3.27 | 3.58 | 7.94 | 7.54 | 7.12 | 6.74 | 6.22 | 5.81 | 5.50 |
| 2016-2025 | 過往最大跌幅 | -23.93% | -32.58% | -10.79% | -16.82% | -19.43% | -21.60% | -22.66% | -23.86% | -23.91% |
| 預期最大跌幅 | -22%至-44% | -27%至-54% | -10%至-20% | -15%至-30% | -20%至-40% | -25%至-50% | -30%至-60% | -35%至-70% | -40%至-80% | |
| 各年回報 | SPY | QQQ | 2% 波幅組合 | 3% 波幅組合 | 4% 波幅組合 | 5% 波幅組合 | 6% 波幅組合 | 7% 波幅組合 | 8% 波幅組合 | |
| 2016 | 11.86% | 7.80% | 20% | 30% | 35% | 39% | 42% | 45% | 45% | |
| 2017 | 19.88% | 28.88% | 21% | 31% | 37% | 43% | 47% | 50% | 52% | |
| 2018 | -3.58% | 1.51% | 6% | 8% | 11% | 14% | 16% | 18% | 22% | |
| 2019 | 28.25% | 34.47% | 19% | 26% | 34% | 40% | 45% | 48% | 53% | |
| 2020 | 20.05% | 43.14% | 29% | 45% | 57% | 68% | 75% | 81% | 87% | |
| 2021 | 26.11% | 25.22% | 20% | 30% | 38% | 45% | 48% | 52% | 55% | |
| 2022 | -17.44% | -35.25% | -9% | -14% | -14% | -14% | -13% | -12% | -8% | |
| 2023 | 24.46% | 46.10% | 22% | 31% | 38% | 45% | 48% | 52% | 55% | |
| 2024 | 22.95% | 23.60% | 12% | 13% | 13% | 13% | 12% | 12% | 10% | |
| 2025* | 6.11% | 8.70% | 11% | 15% | 22% | 28% | 35% | 41% | 47% |
2025年數字為1至6月 (2025-8-1 注: 上表數字已有更改)
2025年數字為1至6月
(2025-8-1 注: 上表數字已有更改)
組合內投資/持股
由於組合是使用TAA，所以起碼每月會更新一次投資內容或者持股，例如以下列出2025年7月1日的各組合持股內容及份額比例。
不過由於組合是由多個TAA策略優化而成，而當中不同策略有不同檢討周期，有些策略一星期檢討一次，並且進行持股調整，所以要每個星期初開市就進行持股調整；有些策略則一個月檢討一次，每月第一日交易日調整持股內容及份額比例。
TAA下的投資物與份額比例每月不同， 不像是SAA(strategic asset allocation)般長期定死rebalance，上圖投資物與份額比例只是2025年7月1日情況。
策略的投資/持股內容以大路指數ETF為主，有股票ETF有債券ETF，亦會有Crypto ETF。回報不是靠單一ETF及特別個股，而是靠TAA策略的適時Asset Allocation。
組合內的持股亦有槓桿ETF，以提升回報及不用運用margin，免受斬倉風險。
留意上述的回報是最佳條件，個人投資者未必達到，因為有買賣差價，落盤時機及交易市價各人都不同，券商收費，交易稅費，資金成本亦因人而異。有些美股/ETF派息會因投資者的稅務身份而有預扣股息稅，各人的增值稅及入息稅亦因稅務身份各有分別。保守預期可以是將上表回報打個9折，作為預期稅前回報。
由於只是簡單展示，現只展示每月月初的組合持股，月中每星期的調整不會展示。日後有機會又有人有興趣才完全逐次展示。
因為其中一個策略的投資物由2016年起才開始，所以上述組合的整體回測沒有2016年之前更早期的完整數據，但個別策略回測歷史可以早至1986年。
上述組合不適用於強積金環境，因為強積金內的成份基金投資選擇太少，無crypto無槓桿無商品，成份基金報價比起ETF慢，有難以星期為單位作TAA 策略回測。MPF策略請參考mpfier.com。
上述各組合由多個TAA策略優化而成，這些TAA策略比較複雜，不會公開步驟及操作內容，只會展示每月或每星期的持股內容及份額比例。遲些可能加入更加多TAA策略，現時只用比較大路安全的策略，相信絕大部份人都夠用。與同時段的美股大市相比(SPY, QQQ)，見上表，相同回報下，組合有更低波幅(減半); 或者相同波幅下，組合有更高回報(接近double) 。
各波幅組合的回報/波幅比率有5.5至7.5不等，而且不是依靠個別公司股票，有近10年歷史數據，相信網上很難揾到同等優質的策略組合，適合不同年歲及風險承受能力的人士。內裏各個TAA策略是集筆者多年研究之大成，內容scalable，由個人新丁至機構大戶都適用。展示的ETF可以自行用其他同類ETF代替，尤其如有更低基金收費的，展示的ETF只是比較有長期歷史，大公司發行，多人用。
進階的人士可用期權操作，資金及風險隨意。
另外，有些移英人士有機會不能直接買賣美國ETF，可以使用相對應的英歐UCITS 基金甚至傳統mutual fund。
| US ETF | Closest UCITS Equivalent | ISIN / Ticker | Provider |
|---|---|---|---|
| SPDR S&P 500 ETF (SPY) | iShares Core S&P 500 UCITS ETF | IE00B5BMR087 / CSP1 | iShares |
| iShares 3-7 Year Treasury Bond ETF (IEI) | iShares USD Treasury Bond 3-7yr UCITS ETF | IE00B1XW3S64 / IBTM | iShares |
| Invesco QQQ Trust (QQQ) | Invesco EQQQ NASDAQ-100 UCITS ETF | IE0032077012 / EQQQ | Invesco |
| Vanguard Total Stock Market ETF (VTI) | Vanguard FTSE All-World UCITS ETF | IE00B3RBWM25 / VWRL | Vanguard (Not identical; broad global exposure) |
| Invesco DB Commodity Tracking (DBC) | WisdomTree Enhanced Commodity UCITS ETF | IE00BYMLZY31 / WCOB | WisdomTree |
| PIMCO 25+ Yr Zero Coupon US Trs ETF (ZROZ) | No direct Zero Coupon UCITS equivalent, iShares $ Treasury Bond 20+yr UCITS ETF (IDTG) | IE00BK5MT033 / IDTG | iShares |
| ProShares UltraPro QQQ (TQQQ) | Leverage Shares 3x Nasdaq-100 ETP | XS2399364152 / 3QQQ | Leverage Shares (ETP, not ETF) |
| Direxion Daily S&P500 Bull 3X ETF (SPXL) | Leverage Shares 3x S&P 500 ETP | IE00BKTW0Z31 / 3USP | Leverage Shares (ETP) |
| VanEck Vectors Fallen Angel HiYld Bd ETF (ANGL) | VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFA) | IE00BF540Z61 / GFA | VanEck |
不過記住投資係個人事情，上述只是展示資訊，不構成投資建議，賺蝕自己負責，見免責聲明。
移英人士都有照顧！勁！
佢地先至最關心MPF.
8%波幅在2022全部跌市中反而可以不是較差表現
低波幅(3%,4%)卻是比較更差少少,當中原因可能因為債劵成份(20%-30%)在2022表現極差
對的, 低波幅組合主要依靠債券類別資產去降低波幅, COVID美股美債一齊大跌是近年一段stress test的時機.