{"id":74307,"date":"2026-10-08T20:40:33","date_gmt":"2026-10-08T12:40:33","guid":{"rendered":"https:\/\/mister.forex\/?page_id=74307"},"modified":"2026-10-09T00:21:39","modified_gmt":"2026-10-08T16:21:39","slug":"etf-low-correlation-strategy","status":"publish","type":"page","link":"https:\/\/mister.forex\/cs\/etf-low-correlation-strategy\/","title":{"rendered":"ETF a diverzifikace: Pro\u010d zva\u017eovat strategie s n\u00edzkou korelac\u00ed?"},"content":{"rendered":"
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Dlouhodob\u00e9 investov\u00e1n\u00ed do ETF: Pro\u010d zva\u017eovat strategie s n\u00edzkou korelac\u00ed?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t
\nDlouhodob\u00e9 investov\u00e1n\u00ed do burzovn\u011b obchodovan\u00fdch fond\u016f (ETF) je osv\u011bd\u010den\u00fd zp\u016fsob, jak se pod\u00edlet na r\u016fstu akciov\u00fdch trh\u016f. Ani portfolio rozlo\u017een\u00e9 mezi des\u00edtky \u010di stovky spole\u010dnost\u00ed v\u0161ak nen\u00ed chr\u00e1n\u011bno p\u0159ed v\u00fdrazn\u00fdmi ztr\u00e1tami b\u011bhem tr\u017en\u00edch kriz\u00ed.\n

\nS rostouc\u00ed hodnotou portfolia se nav\u00edc m\u011bn\u00ed ot\u00e1zky, kter\u00e9 by si m\u011bl investor kl\u00e1st. Vedle \u201eJak dos\u00e1hnout vy\u0161\u0161\u00edho v\u00fdnosu?\u201c za\u010d\u00edn\u00e1 b\u00fdt d\u016fle\u017eit\u00e1 i jin\u00e1: Nen\u00ed moje portfolio p\u0159\u00edli\u0161 z\u00e1visl\u00e9 na v\u00fdvoji akciov\u00e9ho trhu?<\/strong>\n

\nPr\u00e1v\u011b proto m\u00e1 smysl zkoumat dal\u0161\u00ed zdroje v\u00fdnos\u016f, zejm\u00e9na strategie s n\u00edzkou korelac\u00ed, kter\u00e9 mohou p\u0159isp\u011bt k lep\u0161\u00ed diverzifikaci portfolia.\n

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1. ETF diverzifikuj\u00ed akciov\u00e9 investice, ale ne v\u017edy tr\u017en\u00ed riziko<\/strong><\/h2>\n\nAkciov\u00e9 ETF omezuj\u00ed riziko spojen\u00e9 s dr\u017een\u00edm n\u011bkolika m\u00e1lo jednotliv\u00fdch akci\u00ed. Portfolio slo\u017een\u00e9 p\u0159ev\u00e1\u017en\u011b z akciov\u00fdch ETF v\u0161ak z\u016fst\u00e1v\u00e1 v\u00fdrazn\u011b vystaven\u00e9 celkov\u00e9mu v\u00fdvoji akciov\u00fdch trh\u016f.\n

\nNap\u0159\u00edklad ETF zam\u011b\u0159en\u00e9 na velk\u00e9 americk\u00e9 spole\u010dnosti a technologick\u00e9 ETF sleduj\u00ed r\u016fzn\u00e9 indexy. P\u0159esto na n\u011b mohou p\u016fsobit stejn\u00e9 ekonomick\u00e9 faktory a p\u0159i v\u00fdprodeji na trhu mohou ob\u011b investice klesat sou\u010dasn\u011b.\n

\nVlastnit v\u00edce ETF je\u0161t\u011b neznamen\u00e1 m\u00edt v\u00edce nez\u00e1visl\u00fdch zdroj\u016f v\u00fdnosu.<\/strong>\n

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Historick\u00e9 maxim\u00e1ln\u00ed propady zn\u00e1m\u00fdch ETF (MDD)<\/strong><\/h3>\n\nMaxim\u00e1ln\u00ed propad (Maximum Drawdown, MDD) vyjad\u0159uje nejv\u011bt\u0161\u00ed pokles hodnoty investice od p\u0159edchoz\u00edho maxima k n\u00e1sledn\u00e9mu minimu b\u011bhem sledovan\u00e9ho obdob\u00ed.\n

\nHistorie ukazuje, \u017ee i \u0161iroce diverzifikovan\u00e1 akciov\u00e1 ETF b\u011bhem velk\u00fdch tr\u017en\u00edch kriz\u00ed zaznamenala propady p\u0159esahuj\u00edc\u00ed 50 %.\n

\n\n\"Srovn\u00e1n\u00ed\n
\n\n\nObdob\u00ed nejv\u011bt\u0161\u00edch historick\u00fdch propad\u016f:<\/strong> SPY (2007\u20132009), QQQ (2000\u20132002), VOO (2020) a tchajwansk\u00e9 ETF 0050 (2008).\n

\nPozn\u00e1mka k \u00fadaj\u016fm:<\/strong> Graf uv\u00e1d\u00ed p\u0159ibli\u017en\u00e9 maxim\u00e1ln\u00ed propady jednotliv\u00fdch ETF od jejich zalo\u017een\u00ed. Sledovan\u00e1 obdob\u00ed se li\u0161\u00ed a v\u00fdsledky mohou z\u00e1viset na zohledn\u011bn\u00ed dividend, frekvenci dat \u010di metodice v\u00fdpo\u010dtu. Uveden\u00e9 hodnoty proto nelze p\u0159\u00edmo pou\u017e\u00edt k se\u0159azen\u00ed ETF podle rizikovosti.\n<\/span>\n

\n\nNejv\u011bt\u0161\u00ed propad ETF od jeho zalo\u017een\u00ed nemus\u00ed odpov\u00eddat nejhlub\u0161\u00edmu poklesu, kter\u00fd v del\u0161\u00ed historii zaznamenal podkladov\u00fd trh.<\/strong>\n

\nP\u0159\u00edkladem je VOO. Tento fond vznikl v roce 2010, a nepro\u0161el tedy glob\u00e1ln\u00ed finan\u010dn\u00ed kriz\u00ed v roce 2008. Index S&P 500, kter\u00fd sleduje, v\u0161ak b\u011bhem t\u00e9to krize zaznamenal mnohem hlub\u0161\u00ed propad. V\u00fdvoj v dan\u00e9m obdob\u00ed lze sledovat prost\u0159ednictv\u00edm historick\u00fdch dat indexu nebo ETF SPY, kter\u00e9 existuje d\u00e9le.\n

\nPodobn\u00e9 omezen\u00ed m\u00e1 i tchajwansk\u00e9 ETF 0050, zalo\u017een\u00e9 v roce 2003. Jeho skute\u010dn\u00e1 historie v\u00fdkonnosti nezahrnuje p\u0159edchoz\u00ed v\u00fdrazn\u00e9 medv\u011bd\u00ed trhy na Tchaj-wanu. Nap\u0159\u00edklad p\u0159i splasknut\u00ed akciov\u00e9 bubliny v roce 1990 klesl hlavn\u00ed tchajwansk\u00fd akciov\u00fd index TAIEX p\u0159ibli\u017en\u011b o 80 %. \u0160lo ov\u0161em o historick\u00fd pokles \u0161ir\u0161\u00edho trhu, nikoli o skute\u010dn\u00fd nebo modelovan\u00fd propad ETF 0050.\n

\nZ toho plyne d\u016fle\u017eit\u00e9 pou\u010den\u00ed: Krat\u0161\u00ed investi\u010dn\u00ed historie a absence velk\u00fdch kriz\u00ed v dosavadn\u00edch v\u00fdsledc\u00edch neznamenaj\u00ed, \u017ee fondu do budoucna hroz\u00ed men\u0161\u00ed tr\u017en\u00ed riziko.<\/strong>\n

\nP\u0159i posuzov\u00e1n\u00ed rizik ETF se proto vyplat\u00ed sledovat nejen historii samotn\u00e9ho fondu, ale tak\u00e9 chov\u00e1n\u00ed jeho podkladov\u00e9ho trhu v del\u0161\u00edch ekonomick\u00fdch cyklech.\n

\nTo nijak nezpochyb\u0148uje smysl dlouhodob\u00e9ho investov\u00e1n\u00ed do ETF. P\u0159ipom\u00edn\u00e1 to v\u0161ak z\u00e1sadn\u00ed rozd\u00edl: Dlouhodob\u00fd v\u00fdnos a ztr\u00e1ty, kter\u00e9 mus\u00ed investor b\u011bhem investov\u00e1n\u00ed p\u0159ekonat, jsou dv\u011b odli\u0161n\u00e9 v\u011bci.<\/strong>\n

\nPro investory s v\u011bt\u0161\u00edm majetkem, p\u0159ed odchodem do d\u016fchodu nebo s pl\u00e1novan\u00fdmi pravideln\u00fdmi v\u00fdb\u011bry m\u016f\u017ee hlubok\u00fd propad znamenat v\u00edce ne\u017e jen do\u010dasnou \u00fa\u010detn\u00ed ztr\u00e1tu. M\u016f\u017ee naru\u0161it jejich finan\u010dn\u00ed pl\u00e1ny.\n

\nNab\u00edz\u00ed se proto ot\u00e1zka: Mohou dal\u0161\u00ed, odli\u0161n\u00e9 zdroje v\u00fdnos\u016f sn\u00ed\u017eit z\u00e1vislost portfolia na akciov\u00e9m trhu?<\/strong>\n

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2. Pro\u010d maj\u00ed strategie s n\u00edzkou korelac\u00ed smysl?<\/strong><\/h2>\n\nP\u0159\u00ednos strategi\u00ed s n\u00edzkou korelac\u00ed nespo\u010d\u00edv\u00e1 v tom, \u017ee by dok\u00e1zaly p\u0159edpov\u011bd\u011bt dal\u0161\u00ed burzovn\u00ed propad. Jejich potenci\u00e1ln\u00ed v\u00fdhodou je mo\u017enost dosahovat v\u00fdnos\u016f, kter\u00e9 nejsou pln\u011b z\u00e1visl\u00e9 na r\u016fstu cen akci\u00ed<\/strong>.\n

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N\u00edzk\u00e1 a z\u00e1porn\u00e1 korelace: Jak\u00fd je mezi nimi rozd\u00edl?<\/strong><\/h3>\n\nKorelace vyjad\u0159uje, do jak\u00e9 m\u00edry se v\u00fdnosy dvou investic pohybuj\u00ed spole\u010dn\u011b.\n

\nKorela\u010dn\u00ed koeficient (Correlation) nab\u00fdv\u00e1 hodnot od -1 do +1. V praxi lze rozli\u0161it t\u0159i z\u00e1kladn\u00ed situace:\n

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    \n
  • Kladn\u00e1 korelace (bl\u00edzko +1):<\/strong> V\u00fdnosy se zpravidla pohybuj\u00ed stejn\u00fdm sm\u011brem. Ob\u011b investice tak mohou sou\u010dasn\u011b r\u016fst i klesat.<\/li>\n
  • N\u00edzk\u00e1 korelace (bl\u00edzko 0):<\/strong> Mezi v\u00fdnosy nen\u00ed z\u0159ejm\u00fd stabiln\u00ed line\u00e1rn\u00ed vztah. Kdy\u017e jedna investice roste, druh\u00e1 m\u016f\u017ee r\u016fst, klesat nebo z\u016fstat t\u00e9m\u011b\u0159 beze zm\u011bny.<\/li>\n
  • Z\u00e1porn\u00e1 korelace (bl\u00edzko -1):<\/strong> V\u00fdnosy maj\u00ed tendenci pohybovat se opa\u010dn\u00fdmi sm\u011bry. Kdy\u017e jedna investice roste, druh\u00e1 zpravidla kles\u00e1.<\/li>\n<\/ul>\n
    \n\nN\u00edzk\u00e1 korelace nen\u00ed tot\u00e9\u017e co z\u00e1porn\u00e1 korelace.<\/strong>\n

    \nPro investory do akciov\u00fdch ETF je tento rozd\u00edl z\u00e1sadn\u00ed.\n

    \nStrategie s n\u00edzkou korelac\u00ed automaticky nevyd\u011bl\u00e1v\u00e1 poka\u017ed\u00e9, kdy\u017e akciov\u00fd trh kles\u00e1. Znamen\u00e1 to pouze, \u017ee jej\u00ed v\u00fdnosy nemus\u00ed kop\u00edrovat sm\u011br akciov\u00e9ho trhu<\/strong>.\n

    \nAkcie i kvantitativn\u00ed strategie tak mohou prod\u011bl\u00e1vat sou\u010dasn\u011b, p\u0159esto\u017ee jejich historick\u00e1 korelace byla bl\u00edzk\u00e1 nule. Ani historicky z\u00e1porn\u00e1 korelace nezaru\u010duje ochranu p\u0159i ka\u017ed\u00e9m poklesu trhu.\n

    \nMo\u017en\u00fd p\u0159\u00ednos spo\u010d\u00edv\u00e1 v kombinaci r\u016fzn\u00fdch zdroj\u016f v\u00fdnosu, kter\u00e9 se nevyv\u00edjej\u00ed v\u017edy stejn\u011b. Nejde o o\u010dek\u00e1v\u00e1n\u00ed, \u017ee jedna investice automaticky vyrovn\u00e1 ka\u017edou ztr\u00e1tu druh\u00e9.\n

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    Jak m\u016f\u017ee n\u00edzk\u00e1 korelace sn\u00ed\u017eit volatilitu portfolia?<\/strong><\/h3>\n\n\"Srovn\u00e1n\u00ed\n

    \n\nP\u0159edstavme si modelov\u00e9 portfolio se dv\u011bma investicemi:\n

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      \n
    • Akciov\u00e9 ETF:<\/strong> Ro\u010dn\u00ed volatilita 20 %.<\/li>\n
    • Alternativn\u00ed strategie:<\/strong> Ro\u010dn\u00ed volatilita 15 % a nulov\u00e1 korelace s ETF.<\/li>\n<\/ul>\n
      \n\nPokud by cel\u00e9 portfolio tvo\u0159ilo pouze akciov\u00e9 ETF, jeho ro\u010dn\u00ed volatilita by \u010dinila 20 %.\n

      \nZa uveden\u00fdch p\u0159edpoklad\u016f by p\u0159i rozlo\u017een\u00ed 80 % do ETF a 20 % do alternativn\u00ed strategie<\/strong> klesla volatilita portfolia p\u0159ibli\u017en\u011b na 16,3 %. P\u0159i pom\u011bru 60 % ETF a 40 % alternativn\u00ed strategie<\/strong> by se sn\u00ed\u017eila zhruba na 13,4 %.\n

      \nJak je mo\u017en\u00e9, \u017ee p\u0159id\u00e1n\u00ed dal\u0161\u00ed rizikov\u00e9 investice sn\u00ed\u017e\u00ed celkovou kol\u00edsavost?\n

      \nProto\u017ee riziko portfolia nez\u00e1vis\u00ed jen na kol\u00eds\u00e1n\u00ed jednotliv\u00fdch investic, ale tak\u00e9 na tom, jak se jejich v\u00fdnosy vyv\u00edjej\u00ed ve vz\u00e1jemn\u00e9m vztahu.<\/strong>\n

      \nPokud se hodnoty dvou investic nepohybuj\u00ed v\u017edy sou\u010dasn\u011b stejn\u00fdm sm\u011brem, jejich v\u00fdkyvy se mohou \u010d\u00e1ste\u010dn\u011b vyrovn\u00e1vat. V\u00fdsledn\u00e9 portfolio tak m\u016f\u017ee kol\u00edsat m\u00e9n\u011b.\n

      \nPr\u00e1v\u011b v tom spo\u010d\u00edv\u00e1 potenci\u00e1ln\u00ed diverzifika\u010dn\u00ed p\u0159\u00ednos strategi\u00ed s n\u00edzkou korelac\u00ed.\n

      \n\u010c\u00edsla v grafu jsou v\u0161ak pouze matematickou ilustrac\u00ed zalo\u017eenou na konkr\u00e9tn\u00edch p\u0159edpokladech, nikoli skute\u010dn\u00fdmi v\u00fdsledky obchodn\u00ed strategie. Ni\u017e\u0161\u00ed volatilita nezaru\u010duje men\u0161\u00ed maxim\u00e1ln\u00ed propad ani vy\u0161\u0161\u00ed v\u00fdnos.<\/strong>\n

      \nRozhoduj\u00edc\u00ed je, zda nov\u00e1 strategie po zohledn\u011bn\u00ed v\u00fdnos\u016f, poplatk\u016f, obchodn\u00edch n\u00e1klad\u016f a rizik skute\u010dn\u011b zlep\u0161\u00ed portfolio a p\u0159ibl\u00ed\u017e\u00ed investora k jeho finan\u010dn\u00edm c\u00edl\u016fm.\n

      \nC\u00edlem nemus\u00ed b\u00fdt naj\u00edt jedinou investici s nejvy\u0161\u0161\u00edm v\u00fdnosem. D\u016fle\u017eit\u011bj\u0161\u00ed je sestavit portfolio, v n\u011bm\u017e se r\u016fzn\u00e9 zdroje v\u00fdnos\u016f vhodn\u011b dopl\u0148uj\u00ed.<\/strong>\n

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      3. V\u00fdnos je d\u016fle\u017eit\u00fd. Stejn\u011b tak kontrola propad\u016f.<\/strong><\/h2>\n\nRo\u010dn\u00ed v\u00fdnos je u\u017eite\u010dn\u00fd ukazatel, ale ne\u0159\u00edk\u00e1 v\u0161e. Nem\u00e9n\u011b d\u016fle\u017eit\u00e1 je ot\u00e1zka: O kolik mus\u00ed portfolio po velk\u00e9 ztr\u00e1t\u011b vzr\u016fst, aby se vr\u00e1tilo na p\u016fvodn\u00ed hodnotu?<\/strong>\n

      \nP\u0159edstavme si portfolio, jeho\u017e hodnota klesne z 10 milion\u016f na 8 milion\u016f. To p\u0159edstavuje propad o 20 %. Aby se v\u0161ak z 8 milion\u016f vr\u00e1tilo na 10 milion\u016f, mus\u00ed vzr\u016fst o 25 %, nikoli o 20 %.\n

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      \u010c\u00edm hlub\u0161\u00ed ztr\u00e1ta, t\u00edm n\u00e1ro\u010dn\u011bj\u0161\u00ed n\u00e1vrat<\/strong><\/h3>\n\n\"Jak\u00fd\n

      \n\nPo ztr\u00e1t\u011b 10 % je k n\u00e1vratu na p\u016fvodn\u00ed hodnotu pot\u0159eba r\u016fst p\u0159ibli\u017en\u011b o 11,1 %. Po ztr\u00e1t\u011b 30 % u\u017e o 42,9 %. Pokud portfolio ztrat\u00ed polovinu sv\u00e9 hodnoty, mus\u00ed n\u00e1sledn\u011b vzr\u016fst o 100 % \u2013 tedy zdvojn\u00e1sobit se.\n

      \n\u010c\u00edm hlub\u0161\u00ed propad, t\u00edm vy\u0161\u0161\u00ed v\u00fdnos je pot\u0159eba k jeho vyrovn\u00e1n\u00ed.<\/strong>\n

      \nV tomto sv\u011btle z\u00edsk\u00e1vaj\u00ed historick\u00e9 propady ETF z prvn\u00ed \u010d\u00e1sti \u010dl\u00e1nku dal\u0161\u00ed v\u00fdznam. I dlouhodob\u011b perspektivn\u00ed investice m\u016f\u017ee proj\u00edt obdob\u00edm ztr\u00e1t, jejich\u017e vyrovn\u00e1n\u00ed trv\u00e1 zna\u010dnou dobu.\n

      \nDlouh\u00e9 zotavov\u00e1n\u00ed m\u016f\u017ee b\u00fdt obzvl\u00e1\u0161\u0165 problematick\u00e9 pro investory, kte\u0159\u00ed pot\u0159ebuj\u00ed z portfolia pravideln\u011b \u010derpat prost\u0159edky nebo maj\u00ed konkr\u00e9tn\u00ed finan\u010dn\u00ed z\u00e1vazky.\n

      \nDlouhodob\u00e9 investov\u00e1n\u00ed by se proto nem\u011blo soust\u0159edit v\u00fdhradn\u011b na co nejvy\u0161\u0161\u00ed v\u00fdnos. Stejn\u011b d\u016fle\u017eit\u00e1 je velikost mo\u017en\u00fdch ztr\u00e1t a jejich d\u016fsledky.\n

      \n\u0158\u00edzen\u00ed rizika v\u00fdrazn\u00fdch propad\u016f p\u0159i sou\u010dasn\u00e9 snaze o p\u0159im\u011b\u0159en\u00fd v\u00fdnos m\u016f\u017ee investor\u016fm pomoci dr\u017eet se jejich dlouhodob\u00e9ho finan\u010dn\u00edho pl\u00e1nu.<\/strong>\n

      \nJednou z mo\u017enost\u00ed je zkoumat r\u016fzn\u00e9 zdroje v\u00fdnosu. Ne proto, \u017ee by n\u011bkter\u00e1 strategie dok\u00e1zala ztr\u00e1t\u00e1m zcela zabr\u00e1nit, ale proto\u017ee vhodn\u00e1 kombinace m\u016f\u017ee sn\u00ed\u017eit z\u00e1vislost portfolia na jedin\u00e9m tr\u017en\u00edm rizikov\u00e9m faktoru.\n

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      4. Jak hodnotit skute\u010dn\u00e9 v\u00fdsledky kvantitativn\u00ed strategie?<\/strong><\/h2>\n\nKdy\u017e u\u017e rozum\u00edte v\u00fdznamu korelace a maxim\u00e1ln\u00edch propad\u016f, p\u0159ich\u00e1z\u00ed dal\u0161\u00ed krok: posoudit, zda konkr\u00e9tn\u00ed kvantitativn\u00ed obchodn\u00ed strategie pat\u0159\u00ed do va\u0161eho portfolia.\n

      \nZa\u010dn\u011bte ov\u011b\u0159iteln\u00fdmi v\u00fdsledky re\u00e1ln\u00e9ho obchodov\u00e1n\u00ed, nikoli pouze uv\u00e1d\u011bn\u00fdm ro\u010dn\u00edm v\u00fdnosem.<\/strong>\n

      \nExtern\u00ed platformy pro sledov\u00e1n\u00ed obchodn\u00edch v\u00fdsledk\u016f, nap\u0159\u00edklad Myfxbook, umo\u017e\u0148uj\u00ed prohl\u00ed\u017eet historii obchod\u016f a statistiky v\u00fdkonnosti. Investor tak m\u016f\u017ee l\u00e9pe posoudit, jak\u00fdch v\u00fdnos\u016f strategie skute\u010dn\u011b dos\u00e1hla a jak\u00e1 rizika p\u0159i tom podstupovala.\n

      \nOv\u011b\u0159en\u00ed obchodn\u00ed historie t\u0159et\u00ed stranou v\u0161ak nen\u00ed tot\u00e9\u017e co nez\u00e1visl\u00fd finan\u010dn\u00ed audit a neposkytuje z\u00e1ruku budouc\u00edch v\u00fdsledk\u016f.\n

      \n\n

      Nesledujte jen zisk. D\u016fle\u017eit\u00fd je cel\u00fd obchodn\u00ed v\u00fdvoj.<\/strong><\/h3>\n\nP\u0159i hodnocen\u00ed kvantitativn\u00ed strategie se zam\u011b\u0159te p\u0159edev\u0161\u00edm na \u010dty\u0159i oblasti:\n

      \n\n
        \n
      • Historie re\u00e1ln\u00e9ho obchodov\u00e1n\u00ed:<\/strong> Jak dlouho strategie funguje na skute\u010dn\u00e9m trhu? Pro\u0161la r\u016fzn\u00fdmi tr\u017en\u00edmi podm\u00ednkami?<\/li>\n
      • V\u00fdnosy a maxim\u00e1ln\u00ed propad:<\/strong> Jak velk\u00fd pokles hodnoty musel investor podstoupit p\u0159i dosahov\u00e1n\u00ed vykazovan\u00fdch v\u00fdnos\u016f?<\/li>\n
      • Finan\u010dn\u00ed p\u00e1ka, expozice a n\u00e1klady:<\/strong> Vyu\u017e\u00edv\u00e1 strategie p\u00e1ku nebo dr\u017e\u00ed v\u00fdznamn\u00e9 otev\u0159en\u00e9 pozice? Jak\u00e9 poplatky a obchodn\u00ed n\u00e1klady se s n\u00ed poj\u00ed?<\/li>\n
      • Korelace se st\u00e1vaj\u00edc\u00edmi ETF:<\/strong> Li\u0161\u00ed se v\u00fdvoj jej\u00edch v\u00fdnos\u016f natolik, aby mohl p\u0159isp\u011bt k diverzifikaci sou\u010dasn\u00e9ho portfolia?<\/li>\n<\/ul>\n
        \n\nV\u00fdsledky re\u00e1ln\u00e9ho obchodov\u00e1n\u00ed poskytuj\u00ed p\u0159\u00edm\u011bj\u0161\u00ed doklad skute\u010dn\u011b proveden\u00fdch transakc\u00ed. Minul\u00e1 v\u00fdkonnost v\u0161ak nezaru\u010duje budouc\u00ed v\u00fdsledky.<\/strong>\n

        \nPokud prezentovan\u00e1 historie zahrnuje tak\u00e9 backtesty nebo simulace, m\u011bly by b\u00fdt tyto v\u00fdsledky jasn\u011b odd\u011bleny od skute\u010dn\u00e9ho obchodov\u00e1n\u00ed.\n

        \nPro investora, kter\u00fd ji\u017e dr\u017e\u00ed ETF, nemus\u00ed b\u00fdt c\u00edlem naj\u00edt strategii s nejvy\u0161\u0161\u00edm v\u00fdnosem. Podstatn\u00e9 je zjistit, zda p\u0159in\u00e1\u0161\u00ed u\u017eite\u010dn\u00fd dal\u0161\u00ed zdroj v\u00fdnosu p\u0159i p\u0159ijateln\u00e9 m\u00ed\u0159e rizika.\n

        \n\n\n

        5. Pot\u0159ebujete vedle ETF i jin\u00e9 investi\u010dn\u00ed strategie?<\/strong><\/h2>\n\nNe ka\u017ed\u00fd investor do ETF pot\u0159ebuje do portfolia p\u0159id\u00e1vat kvantitativn\u00ed strategii.\n

        \nPokud va\u0161e sou\u010dasn\u00e9 investice odpov\u00eddaj\u00ed c\u00edl\u016fm, toleranci k riziku i pot\u0159eb\u011b likvidity, m\u016f\u017ee b\u00fdt zachov\u00e1n\u00ed dosavadn\u00edho rozlo\u017een\u00ed zcela rozumn\u00e9.\n

        \nS rostouc\u00ed hodnotou portfolia se v\u0161ak vyplat\u00ed polo\u017eit si n\u011bkolik ot\u00e1zek:\n

        \n\n
          \n
        1. Koncentrace tr\u017en\u00edho rizika:<\/strong> Jak velk\u00e1 \u010d\u00e1st m\u00e9ho majetku z\u00e1vis\u00ed na v\u00fdvoji akciov\u00fdch trh\u016f?<\/li>\n
        2. Schopnost ust\u00e1t propad:<\/strong> Ohrozil by v\u00fdrazn\u00fd pokles portfolia m\u00e9 pl\u00e1ny na d\u016fchod, pl\u00e1novan\u00e9 v\u00fdb\u011bry nebo jin\u00e9 finan\u010dn\u00ed c\u00edle?<\/li>\n
        3. Ov\u011b\u0159iteln\u00e9 v\u00fdsledky a \u0159\u00edzen\u00ed rizik:<\/strong> M\u00e1 navrhovan\u00e1 strategie dolo\u017eitelnou historii re\u00e1ln\u00e9ho obchodov\u00e1n\u00ed a d\u016fv\u011bryhodn\u00fd syst\u00e9m \u0159\u00edzen\u00ed rizik?<\/li>\n
        4. P\u0159\u00ednos pro portfolio:<\/strong> Zlep\u0161ilo by jej\u00ed za\u0159azen\u00ed celkov\u00e9 rozlo\u017een\u00ed investic i po zapo\u010dten\u00ed n\u00e1klad\u016f a rizik?<\/li>\n<\/ol>\n
          \n\nSamotn\u00e1 n\u00edzk\u00e1 korelace nen\u00ed dostate\u010dn\u00fdm d\u016fvodem k investici.<\/strong>\n

          \nNov\u00e1 strategie stoj\u00ed za zv\u00e1\u017een\u00ed pouze tehdy, pokud jej\u00ed v\u00fdnosov\u00fd potenci\u00e1l, rizika a praktick\u00e9 podm\u00ednky odpov\u00eddaj\u00ed celkov\u00fdm finan\u010dn\u00edm c\u00edl\u016fm a mo\u017enostem investora.\n

          \n\n\n

          Z\u00e1v\u011br: ETF si ponechte, ale p\u0159em\u00fd\u0161lejte o \u0161ir\u0161\u00ed diverzifikaci<\/strong><\/h2>\n\nDlouhodob\u00e9 investov\u00e1n\u00ed do ETF z\u016fst\u00e1v\u00e1 pro mnoho investor\u016f rozumn\u00fdm p\u0159\u00edstupem. Zva\u017eovat strategii s n\u00edzkou korelac\u00ed neznamen\u00e1 opustit st\u00e1vaj\u00edc\u00ed ETF.\n

          \nD\u016fle\u017eit\u011bj\u0161\u00ed je polo\u017eit si ot\u00e1zku:\n

          \n\u201eNen\u00ed moje portfolio p\u0159\u00edli\u0161 z\u00e1visl\u00e9 na stejn\u00fdch zdroj\u00edch tr\u017en\u00edch v\u00fdnos\u016f? Mohla by jin\u00e1 strategie podpo\u0159it dlouhodob\u00fd r\u016fst a z\u00e1rove\u0148 pomoci l\u00e9pe \u0159\u00eddit riziko?\u201c<\/strong>\n

          \nPro investory s dlouhodob\u00fdmi pozicemi v ETF je pochopen\u00ed historick\u00fdch maxim\u00e1ln\u00edch propad\u016f, korelace v\u00fdnos\u016f a dopad\u016f r\u016fzn\u00fdch zp\u016fsob\u016f rozlo\u017een\u00ed aktiv praktick\u00fdm z\u00e1kladem pro kvalitn\u011bj\u0161\u00ed spr\u00e1vu portfolia.\n

          \nP\u0159i posuzov\u00e1n\u00ed strategi\u00ed s n\u00edzkou korelac\u00ed za\u010dn\u011bte t\u0159emi kl\u00ed\u010dov\u00fdmi oblastmi:\n

          \n\n
            \n
          • Ov\u011b\u0159iteln\u00e9 v\u00fdsledky re\u00e1ln\u00e9ho obchodov\u00e1n\u00ed:<\/strong> Prov\u011b\u0159te skute\u010dn\u00e9 obchodn\u00ed v\u00fdsledky, d\u00e9lku historie a souvisej\u00edc\u00ed n\u00e1klady.<\/li>\n
          • Historie rizik a propad\u016f:<\/strong> Zjist\u011bte, jak se strategie chovala v r\u016fzn\u00fdch tr\u017en\u00edch podm\u00ednk\u00e1ch.<\/li>\n
          • Korelace s va\u0161imi ETF:<\/strong> Porovn\u00e1vejte v\u00fdnosy za stejn\u00e1 obdob\u00ed a posu\u010fte, zda strategie nab\u00edz\u00ed smysluplnou diverzifikaci.<\/li>\n<\/ul>\n
            \n\nR\u00e1di sd\u00edl\u00edme poznatky a diskutujeme o v\u00fdzkumu kvantitativn\u00edch strategi\u00ed, \u0159\u00edzen\u00ed rizik a rozlo\u017een\u00ed aktiv. Na\u0161\u00edm c\u00edlem je pom\u00e1hat investor\u016fm hodnotit investi\u010dn\u00ed p\u0159\u00edle\u017eitosti na z\u00e1klad\u011b kvalitn\u011bj\u0161\u00edch informac\u00ed.\n

            \nDob\u0159e sestaven\u00e9 portfolio nen\u00ed jen o dosahov\u00e1n\u00ed v\u00fdnos\u016f. Je tak\u00e9 o \u0159\u00edzen\u00ed rizik na cest\u011b k dlouhodob\u00fdm finan\u010dn\u00edm c\u00edl\u016fm.<\/strong>\n<\/span><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

            ETF rozkl\u00e1daj\u00ed riziko mezi akcie, ale tr\u017en\u00ed propady z\u016fst\u00e1vaj\u00ed. Zjist\u011bte, jak n\u00edzk\u00e1 korelace ovliv\u0148uje volatilitu portfolia a jak hodnotit re\u00e1ln\u00e9 v\u00fdsledky strategi\u00ed.<\/p>","protected":false},"author":1,"featured_media":74314,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"tags":[],"class_list":["post-74307","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/pages\/74307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/comments?post=74307"}],"version-history":[{"count":22,"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/pages\/74307\/revisions"}],"predecessor-version":[{"id":74335,"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/pages\/74307\/revisions\/74335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/media\/74314"}],"wp:attachment":[{"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/media?parent=74307"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/tags?post=74307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}