What bond ETF's are better at moving counter to SPY? This notebook attempts such a search around the 2008-2009 stock downturn, and EDV, TIP and TLT seem to perform better. This notebook is in response to the "best risk off assets" thread.
Interesting, but there's no need to arbitrarily cut ETFs at price levels - the price of a stock (or ETF) is largely irrelevant, since you'll just buy more shares with your $20k or whatever. What's more important is the relative returns that each instrument provides. +5% is always +5%.
What might be more illuminating would be to convert all the ETF prices into returns, then calculate the correlations and betas (to SPY) of them all. You could then rank them by beta, and if you like, plot the cumulative return of the interesting ones.
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