The one card on the shelf that fell less than the Nifty in its worst week.
6.03
Its worst week in 5 years, in percent. The Nifty's own worst week was 6.33. A fifth of the book sits in debt, and it took the edge off the sharpest drop.
A friend was filtering the marketplace for the calm end on Saturday and stopped on the conservative largecap card. Odd thing about this one. Of every card I have backtested, it is the single one whose worst week landed softer than the index itself. That is what a 20 percent debt cushion buys you. The real story is what it does not buy you.