Coronavirus pandemic tail-risk hedging

The coronavirus pandemic has proved to be a terrific time for tail-risk hedging — the CBOE Eurekahedge Tail Risk Volatility Hedge Fund Index has returned 51.47% through the end of April. The S&P 500 value index SP500V, -0.64% has dropped 19% this year, compared to the 8% fall for the broader S&P 500 SPX, -0.78% .