correlation to /ES? Certainly know there's nothing that represents an inverse relationship like SSO/SDS (well, in theory anyway) but rather whatever future product correlates least to /ES. As far as I know futures don't have a beta rating thus the question. Thanks very much.
NCIT is a small cap NASDAQ company that currently has the highest five year negative correlation for any publicly traded financial instrument as compared to the ES future. I am not saying that is an edge per se, just stating a statistical fact.