THE HAnDbook of TECHnICAl AnAlysIsFigure 24.21 also illustrates a change in the behavior of the RS line of the U.S.
Dollar Index/PowerShares DB US Dollar Index Bullish Fund ratio, after the start
of 2008. The PowerShares DB US Dollar Index Bullish Fund underperforms the
U.S. Dollar Index. Hence, RS charts are useful for helping to gauge the ability of
various ETFs and funds to track underlying market effectively.
Figure 24.22 illustrates the ability of performance charts to track the percent-
age performance of multiple markets simultaneously, as measured from a single
figure 24.21 Reveal the Effectiveness of a Fund by Tracking Its Underlying Instruments.
Source: StockCharts.com
figure 24.22 The Ability of Performance Charts to Display Multiple Percentage
Performances.