$g=1.4\%$

NO HEDGE

$E\left[V{P}_0\right]$

$CVa{R}_{VP}\left(\alpha \right)$

Allocation A

36,280

−990,400

Allocation B

−226,780

−1,833,000

STATIC HEDGING

Allocation A

261,570

182,190

Allocation B

255,250

124,550

$g=1.5\%$

NO HEDGE

Allocation A

29,500

−1,071,900

Allocation B

−250,620

−1,867,000

STATIC HEDGING

Allocation A

257,920

177,380

Allocation B

247,120

116,860

$g=2\%$

NO HEDGE

Allocation A

−119,650

−1,337,400

Allocation B

−389,120

−2,127,200

STATIC HEDGING

Allocation A

233,780

153,600

Allocation B

193,760

62,550