Battle of the Trend Following Indexes: April 2026 April was the strongest trend-following month of 2026 so far, and every benchmark finished positive. Classic Trend led at 6.7%, roughly twice the next-best result. TTU TF 3.5%. IASG TF 3.4%. Systematic Momentum 3.3%. SG Trend 2.98%. SG CTA 2.6%. BTOP50 2.0%. The TTU Barometer round-tripped 66, 55, 48, 55, 50, 55 across five weeks. A tariff-driven commodity spike, a Hormuz reopening, a Hormuz re-closure, and a final week of uniform-direction energy strength delivered the bulk of the gains. The same convexity that produced March's drawdown produced April's outperformance. The peers, with lower convexity and more diversified construction,

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