EFTA Document EFTA01364394

Risk Premia Correlation Analysis Correlations Through Time • Risk Premia research has focused on the superiority of Risk Premia compared to asset classes as diversifiers during periods of market stress. Correlation 3Y Rolling Average Correlation to Equities 100% 80%• 60% • 40% 20% t eleayirbolikadv iskit, 0% 92 93 97 98 99 00 01 02 I I 06 07 08 09 10 11 12 13 14 15 -20% • -40% -60% -80% -100% Risk Premia Cross-Asset Traditional Asset Classes 'TraditionalAsset Classes refers