My quant. Comparing one investment vs another while penalizing one for carry and not the other.
Alf
Alf21.7. klo 20.30
Over the last 3 years, the S&P 500 has underperformed Gold by 13%. That's including dividends for SPX and the opportunity cost (e.g. negative carry) of holding Gold instead of T-Bills.
100,15K