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Market Impact: 0.1
USMV Cut the Worst Drawdown to 8.91%. On $300,000 That Protection Cost $131,460
Source: 247wallst.com
Derivatives & VolatilityInvestor Sentiment & Positioning

The excerpt frames a trade-off between a smoother investment experience and its cumulative cost over five years, including a particularly volatile week in April. It provides no specific strategy, asset, or performance figures to quantify that cost.
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