Thisresearchaimstocomparedifferentstrategiesthatanon-professionalinvestorinexchange-tradedfunds(ETFs)couldemploytoreachagoodperformancebothfromprofitsandfromariskperspective.Inrecentyears,especiallyafterthe2008crisis,anewtechniquetoevaluatetheriskhasbecomemorepopular,theso-calledriskparity,whichseekstoequalisethecontributionstoriskoftheportfolioconstituents.Ourstudyanalyses17variantsofriskparityportfoliodesignforgroupswiththeminimumvariancestrategyandequallyweightedportfoliooverapoolof56ETFs—listedontheItalianStockExchange—ofeightdifferentcategoriesofspecialisation.Empiricalresultsconfirmtheusefulnessofthegroupriskparitystrategiesinimprovingoutcomesregardingpersificationofrisksamongclasseswithgoodout-of-sampleperformancewithrespectstothetargetmodels.
