> 数据图表怎样理解2.22026-3-32.2100DAX225资料来源：国泰海通证券研究2017-20252017201820192020202120222023202420257.37%2.83%14.86%18.21%12.26%11.08%9.72%11.46%12.16%11.15%-2.05%-2.23%-1.28%-3.40%-2.36%-2.92%-2.91%-2.86%-3.03%-3.40%2.87%3.45%3.66%4.63%3.83%5.33%3.50%3.57%3.94%3.91%1.44%2.03%1.71%2.27%2.25%2.90%1.72%2.01%2.48%2.13%2.450.72 3.97 3.86 3.11 2.01 2.683.11 3.00 2.763.601.28 11.60 5.38 5.22 3.82 3.374.05 4.03 3.285.101.40 8.71 8.08 5.48 3.85 5.705.76 4.92 5.2427资料来源：Wind，国泰海通证券研究。详情请见2026年2月26日发布的报告《ETF配置系列（二）：宏观打分配置策略 以绝对收益为目标 多元配置为手段》。3.02.52.01.51.00.50.020170103回撤（右轴）全球资产宏观打分配置策略0.0%-1.0%-2.0%-3.0%-4.0%-5.0%2018102520200814202206132024040220260123国泰海通金融地产
