I have more comments/thoughts on this dynamic, but I wanted to share the below chart. It shows the relative price of the Powershares S&P 500 High Beta ETF (ticker SPHB) to the Powershares S&P 500 Low Volatility ETF (ticker SPLV). The trend is more-or-less similar but I would note that an apparent/possible divergence has been open since March 8th.
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