Large institutions, including endowments, sovereign wealth funds, and insurance companies, have gravitated towards alternative investments in an effort to boost diversification, minimize correlation, and enhance performance. Unlike traditional publicly traded stocks and bonds, the performance of alternative investments' is less likely to correlate with public markets, as they do not typically trade on a daily basis. This means there is less volatility in price, which provides insulation from the inevitable public market swings. Given that many alternative investments do not offer daily liquidity, the investors are usually compensated at a premium, compared to public markets, to compensate for the illiquidity that goes with investing in an alternative asset.