first study the impact of covariance misspecification on the performance of the different allocation methods. Next, we study …. Minimum variance and maximum diversification are most sensitive to covariance misspecification. HRP follows the middle ground …; it is less sensitive to covariance misspecification when compared with minimum variance or maximum diversification …

first study the impact of covariance misspecification on the performance of the different allocation methods. Next, we study …. Minimum variance and maximum diversification are most sensitive to covariance misspecification. HRP follows the middle ground …; it is less sensitive to covariance misspecification when compared with minimum variance or maximum diversification …