# Combining Strategies ## Elevate Your Portfolio with Strategy Allocation Combining strategies takes the existing strategies you have created and mixes them together to create a new strategy. By blending static and dynamic strategies and optimizing allocation based on correlation, investors can unlock new levels of stability and performance in their portfolios. To optimize Strategy Allocation, it's crucial to consider the correlation between each strategy. By analyzing the correlation of various strategies, investors can strategically allocate resources to minimize risk and maximize returns. This ensures that the portfolio is well-diversified and resilient to market volatility. ### Strategy Mix - Static Strategy Allocation Strategy Mix (Static Strategy Allocation) involves the meticulous determination and rebalancing of weights within multiple strategies, akin to a traditional static asset allocation approach. This method provides a structured framework for maintaining a consistent investment strategy over time, offering stability and reliability in the face of market fluctuations. ### Dynamic Mix - Tactical Strategy Allocation On the other hand, Dynamic Mix (Tactical Strategy Allocation) adopts a more flexible approach by leveraging dynamic asset allocation functions such as momentum (trend) and risk aversion. This dynamic strategy allows for the selection and operation of multiple strategies at each rebalancing point, enabling investors to capitalize on changing market conditions and seize lucrative opportunities. {% hint style="info" %} **Tip:** You can hover over each strategy in the list to see its correlation with other strategies. {% endhint %} --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.etf-portfolio.com/how-to-backtest-stratigies/combining-strategies.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.