Subject: Re: SP 600 Deletions Performance
I ran an equal weight portfolio of the S&P 600 and the S&P 400 for both Additions and Deletions from the begin date of the changes till yesterday. Here are the results:

Test  Results            ROI      CAGR     GSD   Sharpe  DDD3    BBW    Win %  Drawdown
LTBH  S&P 600 Additions  1.24%    1.28%    28.7  -0.02   5.02%   0.26   59%    -24.57%
LTBH  S&P 600 Deletions  -23.41%  -24.12%  43.3  -0.79   25.20%  -1.04  33%    -40.53%
LTBH  S&P 400 Additions  -0.40%   -0.41%   19.4  -0.36   5.56%   -0.08  50%    -16.77%
LTBH  S&P 400 Deletions  0.28%    0.29%    33.5  0.07    5.93%   0.05   60%    -25.31%

Can we draw any conclusion from this regarding whether to invest in one basket or the other? Answer: No!