ACTIVE ETF OIL MODEL OUTPERFORMS LONG ONLY OIH

The Active ETF OIL model has it data start in July 2002. $1 invested in the active model would now be worth $5.4 vs $2.6 for a long only position representing a significant improvement as a result from an active approach. It out performs the long only approach in six out of ten years often significantly so. Also in years when there were enormous drawdowns in a long only position for example 2008 the model was down 18% vs a down 60.15% for the underlyer. Similarly in 2011 the underlyer is down over 18% and the model is down 11%. The model volatility is half that of the underlying ETF. The OIL Model is currently long and has been so since March 27.