{"id":595006,"date":"2025-09-25T00:30:54","date_gmt":"2025-09-25T07:30:54","guid":{"rendered":"https:\/\/nai500.com\/blog\/2025\/09\/seeking-excess-alpha-these-investment-themes-are-consistently-outperforming-the-sp-500\/"},"modified":"2025-09-25T00:31:23","modified_gmt":"2025-09-25T07:31:23","slug":"%e5%a6%82%e4%bd%95%e7%8d%b2%e5%be%97%e8%b6%85%e9%a1%8dalpha%ef%bc%9f%e9%80%99%e4%ba%9b%e6%8a%95%e8%b3%87%e4%b8%bb%e9%a1%8c%e6%8c%81%e7%ba%8c%e8%b7%91%e8%b4%8f%e6%a8%99%e6%99%ae500%e6%8c%87%e6%95%b8","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2025\/09\/%e5%a6%82%e4%bd%95%e7%8d%b2%e5%be%97%e8%b6%85%e9%a1%8dalpha%ef%bc%9f%e9%80%99%e4%ba%9b%e6%8a%95%e8%b3%87%e4%b8%bb%e9%a1%8c%e6%8c%81%e7%ba%8c%e8%b7%91%e8%b4%8f%e6%a8%99%e6%99%ae500%e6%8c%87%e6%95%b8\/","title":{"rendered":"\u5982\u4f55\u7372\u5f97\u8d85\u984dAlpha\uff1f\u9019\u4e9b\u6295\u8cc7\u4e3b\u984c\u6301\u7e8c\u8dd1\u8d0f\u6a19\u666e500\u6307\u6578"},"content":{"rendered":"<p>\u6295\u8cc7\u7f8e\u80a1\u4e26\u7372\u53d6\u8d85\u984dAlpha\uff0c\u662f\u8a31\u591a\u4e3b\u52d5\u578b\u6295\u8cc7\u8005\u8ffd\u6c42\u7684\u7d42\u6975\u76ee\u6a19\u3002\u5c0d\u65bc\u5927\u591a\u6578\u500b\u4eba\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u6301\u7e8c\u7a69\u5b9a\u5730\u7372\u53d6Alpha\u96e3\u5ea6\u6975\u9ad8\u3002\u5118\u7ba1\u6a19\u666e500\u6307\u6578\u57282025\u5e74\u5ef6\u7e8c\u6f32\u52e2\uff0c\u5e74\u5167\u6f32\u5e45\u7a81\u7834\u5169\u4f4d\u6578\u4e26\u65bc8\u6708\u9996\u6b21\u7ad9\u4e0a6500\u9ede\uff0c\u4f46\u9577\u671f\u5e74\u574713.2%\u7684\u56de\u5831\u7387\uff08\u4e0d\u542b\u80a1\u606f\uff09\u4ecd\u88ab\u90e8\u5206\u7d30\u5206\u8cfd\u9053ETF\u8d85\u8d8a\u3002<\/p>\n<p>\u7121\u8ad6\u662f\u77ed\u671f\u9084\u662f\u9577\u671f\uff0c\u4e0b\u9762\u9019\u4e9b\u57fa\u91d1\u5747\u986f\u8457\u8dd1\u8d0f\u5927\u76e4\u3002\u4ee5\u4e0b\u662f\u90194\u53eaETF\u7684\u95dc\u9375\u6578\u64da\uff08\u622a\u81f39\u670822\u65e5\uff09\uff1a<\/p>\n<table>\n<thead>\n<tr>\n<td><strong>ETF<\/strong><strong>\u540d\u7a31<\/strong><\/td>\n<td><strong>\u7ba1\u7406\u8cbb<\/strong><\/td>\n<td><strong>\u5e74\u5167\u6f32\u5e45<\/strong><\/td>\n<td><strong>5<\/strong><strong>\u5e74\u5e74\u5316\u56de\u5831<\/strong><\/td>\n<td><strong>10<\/strong><strong>\u5e74\u5e74\u5316\u56de\u5831<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/nai500.com\/zh-hant\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%a9%a2\/?qm_symbol=UGL\">ProShares Ultra Gold(UGL)<\/a><\/td>\n<td>0.95%<\/td>\n<td>86.5%<\/td>\n<td>20.1%<\/td>\n<td>17.8%<\/td>\n<\/tr>\n<tr>\n<td>VanEck\u534a\u5c0e\u9ad4ETF(SMH)<\/td>\n<td>0.35%<\/td>\n<td>33.0%<\/td>\n<td>31.5%<\/td>\n<td>30.8%<\/td>\n<\/tr>\n<tr>\n<td>Grayscale\u6bd4\u7279\u5e63\u4fe1\u8a17ETF(GBTC)<\/td>\n<td>1.5%<\/td>\n<td>18.9%<\/td>\n<td>54.0%<\/td>\n<td>77.0%<\/td>\n<\/tr>\n<tr>\n<td>Invesco QQQ\u4fe1\u8a17(QQQ)<\/td>\n<td>0.2%<\/td>\n<td>18.2%<\/td>\n<td>17.9%<\/td>\n<td>20.1%<\/td>\n<\/tr>\n<tr>\n<td><strong>SPDR<\/strong><strong>\u6a19\u666e<\/strong><strong>500 ETF(SPY)<\/strong><\/td>\n<td><strong>0.095%<\/strong><\/td>\n<td><strong>14.8%<\/strong><\/td>\n<td><strong>16.7%<\/strong><\/td>\n<td><strong>15.1%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>\u4e00\u3001\u5730\u7de3\u885d\u7a81\u52a9\u63a8\u9ec3\u91d1ETF\u98c6\u5347<\/h2>\n<p>ProShares Ultra Gold\uff08UGL\uff09\u57282025\u5e74\u4e0a\u534a\u5e74\u6f32\u5e45\u8fd150%\uff0c\u5e74\u5167\u56de\u5831\u9ad8\u905486.5%\u3002\u5730\u7de3\u653f\u6cbb\u7dca\u5f35\u8207\u7d93\u6fdf\u4e0d\u78ba\u5b9a\u6027\u63a8\u52d5\u8cc7\u91d1\u6e67\u5165\u9ec3\u91d1\u7b49\u907f\u96aa\u8cc7\u7522\uff0c\u8a72\u57fa\u91d1\u8fd1\u5341\u5e74\u5e74\u5316\u56de\u583117.8%\uff0c\u898f\u6a217.8\u5104\u7f8e\u5143\uff0c\u6210\u70ba\u5c0d\u6c96\u5e02\u5834\u6ce2\u52d5\u7684\u5de5\u5177\u3002<\/p>\n<h2>\u4e8c\u3001\u534a\u5c0e\u9ad4\u8207AI\u6d6a\u6f6e\u652f\u6490SMH\u9577\u671f\u9818\u8dd1<\/h2>\n<p>VanEck\u534a\u5c0e\u9ad4ETF\uff08SMH\uff09\u8986\u84cb\u82f1\u5049\u9054\u7b4925\u5bb6\u82af\u7247\u4f01\u696d\uff0c\u898f\u6a21307\u5104\u7f8e\u5143\uff0c\u5341\u5e74\u5e74\u5316\u56de\u583130.8%\u3002\u5118\u7ba1\u4e8c\u5b63\u5ea6\u56e0\u95dc\u7a05\u653f\u7b56\u77ed\u66ab\u56de\u8abf\uff0c\u4f46AI\u8207Web 3.0\u5c0d\u7b97\u529b\u9700\u6c42\u6301\u7e8c\u589e\u9577\uff0c\u4f7f\u5176\u6210\u70ba\u79d1\u6280\u9577\u9031\u671f\u4f48\u5c40\u7684\u6838\u5fc3\u9078\u64c7\u3002<\/p>\n<h2>\u4e09\u3001\u52a0\u5bc6\u8ca8\u5e63\u5408\u898f\u5316\uff1aGBTC\u7684\u9ad8\u98a8\u96aa\u9ad8\u56de\u5831<\/h2>\n<p>Grayscale\u6bd4\u7279\u5e63\u4fe1\u8a17\uff08GBTC\uff09\u81ea2024\u5e74\u7372SEC\u6279\u51c6\u5f8c\uff0c\u6210\u70ba\u50b3\u7d71\u5e02\u5834\u6295\u8cc7\u6bd4\u7279\u5e63\u7684\u4e3b\u8981\u901a\u9053\u3002\u8a72\u57fa\u91d1\u5341\u5e74\u5e74\u5316\u56de\u5831\u905477%\uff0c\u4f461.5%\u7684\u9ad8\u7ba1\u7406\u8cbb\u53ca\u52a0\u5bc6\u8ca8\u5e63\u6ce2\u52d5\u6027\u8981\u6c42\u6295\u8cc7\u8005\u8b39\u614e\u8a55\u4f30\u98a8\u96aa\u627f\u53d7\u80fd\u529b\u3002<\/p>\n<h2>\u56db\u3001\u79d1\u6280\u5de8\u982d\u96c6\u4e2d\uff1aQQQ\u7684\u7d0d\u65af\u9054\u514b100\u4f48\u5c40<\/h2>\n<p>Invesco QQQ\u8ddf\u8e64\u7d0d\u65af\u9054\u514b100\u6307\u6578\uff0c\u904e\u53bb\u5341\u5e74\u6709\u4e03\u5e74\u8dd1\u8d0f\u6a19\u666e500\u6307\u6578\u3002\u8a72ETF\u524d\u5341\u5927\u6301\u5009\u5305\u542b\u201c\u4e03\u5de8\u982d\u201d\u79d1\u6280\u80a1\uff0c\u79d1\u6280\u677f\u584a\u5360\u6bd4\u8d8550%\uff0c\u5341\u5e74\u5e74\u5316\u56de\u583120.1%\uff0c\u7ba1\u7406\u8cbb\u50c50.2%\uff0c\u662f\u5206\u4eab\u79d1\u6280\u7d05\u5229\u7684\u4f4e\u6210\u672c\u9078\u64c7\u3002<\/p>\n<p>\u5118\u7ba1\u4e0a\u8ff0ETF\u6b77\u53f2\u696d\u7e3e\u4eae\u773c\uff0c\u4f46\u79d1\u6280\u884c\u696d\u6ce2\u52d5\u3001\u5730\u7de3\u653f\u6cbb\u53ca\u76e3\u7ba1\u8b8a\u5316\u53ef\u80fd\u5f71\u97ff\u672a\u4f86\u6536\u76ca\u3002\u6295\u8cc7\u8005\u9700\u7d50\u5408\u81ea\u8eab\u98a8\u96aa\u504f\u597d\u3001\u884c\u696d\u4fe1\u5fc3\u53ca\u5275\u65b0\u8da8\u52e2\u9078\u64c7\u57fa\u91d1\uff0c\u6b77\u53f2\u56de\u5831\u4e0d\u9810\u793a\u672a\u4f86\u8868\u73fe\uff0c\u6df1\u5ea6\u7814\u7a76\u4ecd\u662f\u6295\u8cc7\u6c7a\u7b56\u7684\u95dc\u9375\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6295\u8cc7\u7f8e\u80a1\u4e26\u7372\u53d6\u8d85\u984dAlpha\uff0c\u662f\u8a31\u591a\u4e3b\u52d5\u578b\u6295\u8cc7\u8005\u8ffd\u6c42\u7684\u7d42\u6975\u76ee\u6a19\u3002\u5c0d\u65bc\u5927\u591a\u6578\u500b\u4eba\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u6301\u7e8c\u7a69\u5b9a\u5730\u7372\u53d6Alp [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":592434,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431,2197],"tags":[2174,2126,804,561],"class_list":["post-595006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","category-2197","tag-2174","tag--zh-hant","tag-804","tag-561","sectors-cryptocurrency-zh-hant","sectors-gold-zh-hant","sectors-technology-zh-hant","locations-us-zh-hant","exchange-nasdaq-zh-hant","exchange-nyse-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/595006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=595006"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/595006\/revisions"}],"predecessor-version":[{"id":595009,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/595006\/revisions\/595009"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/592434"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=595006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=595006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=595006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}