Excellent reminder, Bob.
Let me also recall that the IWM robot was chosen instead of a SPY or QQQ robot because the small caps’s higher beta led to a long term risk-adjusted return more than twice superior with a correlation close to 100% with SPY and QQQ. The RS advantages of small caps are therefore actually integrated in the IWM robot itself. It works so well only because of Pascal’s advanced and sophisticate market direction components of the robot design. If it was not the case, the robot could only underperform.
Billy