---
title: Wealthfront Risk Parity Fund Accused of Underperforming
description: Joe Mallen, Chief Investment Officer of Helios Quantitative Research, said risk parity strategies in general highlight some of the flaws in backtesting strategies. The funds often look at a long-term
---

[Helios News & Insights | Market Research & Commentary ](https://heliosdriven.com/news)

# [Wealthfront Risk Parity Fund Accused of Underperforming](https://heliosdriven.com/news/slug1-102)

 Written by [Team Helios](https://heliosdriven.com/news/author/teamhelios) | Oct 12, 2018 7:00:00 AM

Joe Mallen, Chief Investment Officer of [Helios Quantitative Research](https://heliosdriven.com/), said risk parity strategies in general highlight some of the flaws in backtesting strategies. The funds often look at a long-term relationship between asset classes without understanding that they change over time.

"You can apply correlations all day long to achieve the risk exposure you're looking for, but at the end of the day they don't always move in that fashion," Mr. Mallen told *InvestmentNews*.

[Click for Full Article](https://www.investmentnews.com/article/20181012/FREE/181019962/wealthfront-risk-parity-fund-accused-of-underperforming)

[View full post](https://heliosdriven.com/news/slug1-102)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Team Helios"
  },
  "dateModified" : "2026-01-19T19:38:10.280Z",
  "datePublished" : "2018-10-12T07:00:00Z",
  "headline" : "Wealthfront Risk Parity Fund Accused of Underperforming",
  "image" : {
    "@type" : "ImageObject",
    "height" : 175,
    "url" : "https://21984229.fs1.hubspotusercontent-na2.net/hubfs/21984229/Imported_Blog_Media/investmentnewslogo-2-2-2.jpg",
    "width" : 249
  },
  "mainEntityOfPage" : "https://heliosdriven.com/news/slug1-102",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "News & Insights"
  }
}
```