When Diversification Works Unevenly: Lessons from 2025

2025 wasn’t a year where diversification disappeared.

It was a year where it showed up unevenly. Some diversifiers delivered positive returns. Others lagged. A few were uncomfortable to hold. That combination led many investors to ask whether diversification had “failed.”

In this live webinar, we’ll walk through our Q4 2025 Return Stacked® ETF commentary and discuss what the year actually revealed:

• Why diversification often works through dispersion, not synchronization
• How trend, gold, bitcoin, and merger arbitrage contributed in different ways
• Why carry struggled, and what risk it is designed to bear
• How return stacking changed the experience of holding diversifiers
• What these lessons imply for portfolio construction heading into 2026
• Live Q&A

This will be a candid, portfolio-level discussion focused on how diversification behaves when markets reprice expectations quickly, not just how returns looked quarter to quarter.

Register to get a link to the live event!