The short term returns have been a product of continued UNG gains but a quick look at the component charts shows good momentum in XLU as well...so a top 2 sort also produces nice returns.
By avoiding the equity/bond skew using commodities we have also avoided the relative consolidation of the markets during the past 30 days. Whether UNG can sustain its current run remains to be seen but the down slope RSQ in the 6 month chart (not shown) argues for an upcoming reversion back to that line.
