Asset Allocation
Benchmark: S&P 500 Index · Rebalance: Every 3 months
Find the right asset allocation for Aronson Family Taxable Portfolio
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in Aronson Family Taxable Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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Returns By Period
As of Aug 4, 2026, the Aronson Family Taxable Portfolio returned 12.55% Year-To-Date and 8.74% of annualized return in the last 10 years.
| Position | 1D | 1M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | ALL TIME* |
|---|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 1.48% | 1.57% | 8.95% | 11.03% | 21.84% | 19.28% | 11.54% | 13.29% | 8.11% |
Portfolio Aronson Family Taxable Portfolio | 0.86% | -0.32% | 7.98% | 12.55% | 22.75% | 13.89% | 6.17% | 8.74% | 7.29% |
| Portfolio components: | |||||||||
EEM iShares MSCI Emerging Markets ETF | 0.36% | -2.10% | 9.07% | 18.18% | 36.06% | 19.44% | 6.64% | 8.14% | 9.89% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 0.27% | -0.02% | 1.13% | 1.81% | 5.12% | 8.25% | 3.73% | 4.64% | 4.95% |
IJR iShares Core S&P Small-Cap ETF | 1.65% | 0.94% | 15.73% | 23.60% | 38.11% | 14.47% | 8.07% | 10.83% | 10.21% |
IJS iShares S&P SmallCap 600 Value ETF | 1.63% | 2.02% | 13.63% | 22.21% | 41.71% | 13.61% | 8.71% | 10.13% | 10.00% |
IJT iShares S&P SmallCap 600 Growth ETF | 1.80% | -0.05% | 17.88% | 24.93% | 34.82% | 15.10% | 7.04% | 11.03% | 9.64% |
TIP iShares TIPS Bond ETF | 0.01% | -0.63% | 0.29% | 0.55% | 1.81% | 3.68% | 0.17% | 2.33% | 3.46% |
TLT iShares 20+ Year Treasury Bond ETF | 0.33% | -3.49% | -2.86% | -3.18% | -2.12% | -1.15% | -8.33% | -2.33% | 3.48% |
VGK Vanguard FTSE Europe ETF | 0.38% | 1.77% | 4.99% | 10.75% | 24.53% | 17.52% | 9.15% | 10.04% | 6.49% |
VPL Vanguard FTSE Pacific ETF | 0.72% | -1.92% | 11.30% | 21.47% | 38.65% | 19.87% | 9.27% | 9.50% | 6.52% |
VTI Vanguard Total Stock Market ETF | 1.53% | 1.38% | 9.81% | 12.18% | 23.70% | 20.38% | 12.06% | 14.66% | 9.64% |
Monthly Returns
Based on dividend-adjusted daily data since Apr 11, 2007, Aronson Family Taxable Portfolio's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, an investment would double in approximately 8.9 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +10.0%, while the worst month was Oct 2008 at -16.1%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, Aronson Family Taxable Portfolio closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +9.0%, while the worst single day was Oct 15, 2008 at -7.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.92% | 3.27% | -5.51% | 7.41% | 3.59% | 1.30% | -2.36% | 0.86% | 12.55% | ||||
| 2025 | 2.35% | -0.11% | -2.27% | -0.28% | 3.34% | 3.88% | 0.45% | 3.34% | 2.60% | 1.53% | 0.39% | 0.38% | 16.54% |
| 2024 | -1.29% | 2.42% | 2.45% | -3.76% | 3.51% | 0.71% | 3.91% | 1.03% | 1.89% | -2.96% | 3.78% | -4.06% | 7.40% |
| 2023 | 7.11% | -3.21% | 1.51% | -0.01% | -1.42% | 4.29% | 2.90% | -3.11% | -4.29% | -3.25% | 7.49% | 6.36% | 14.19% |
| 2022 | -4.40% | -1.09% | -0.49% | -6.86% | 0.39% | -6.55% | 6.09% | -3.85% | -8.99% | 4.42% | 7.16% | -3.74% | -17.79% |
| 2021 | 0.96% | 1.82% | 1.40% | 2.34% | 1.28% | 1.16% | 0.05% | 1.30% | -2.64% | 2.81% | -1.68% | 2.52% | 11.75% |
Benchmark Metrics
Aronson Family Taxable Portfolio has an annualized alpha of 0.89%, beta of 0.68, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since April 11, 2007.
- This portfolio participated in 76.47% of S&P 500 Index downside but only 71.47% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.68 indicates this portfolio moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.89%
- Beta
- 0.68
- R²
- 0.88
- Upside Capture
- 71.47%
- Downside Capture
- 76.47%
Expense Ratio
Aronson Family Taxable Portfolio has an expense ratio of 0.19%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Top 10 holdings
Return for Risk
Risk / Return Rank
Aronson Family Taxable Portfolio ranks 68 for risk / return — above 68% of Portfolios peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below presents risk-adjusted performance metrics for Aronson Family Taxable Portfolio and compares them with S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 1.86 | 1.71 | +0.15 |
| Sortino ratioReturn per unit of downside risk | 2.62 | 2.36 | +0.25 |
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 2.41 | +0.49 |
| Martin ratioReturn relative to average drawdown | 11.09 | 10.22 | +0.87 |
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
EEM iShares MSCI Emerging Markets ETF | 64 | 1.48 | 2.00 | 1.28 | 2.54 | 7.75 |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 61 | 1.33 | 2.01 | 1.25 | 2.20 | 9.47 |
IJR iShares Core S&P Small-Cap ETF | 90 | 2.22 | 3.22 | 1.38 | 4.41 | 15.06 |
IJS iShares S&P SmallCap 600 Value ETF | 91 | 2.37 | 3.39 | 1.41 | 4.51 | 15.48 |
IJT iShares S&P SmallCap 600 Growth ETF | 84 | 1.96 | 2.90 | 1.34 | 3.85 | 13.03 |
TIP iShares TIPS Bond ETF | 25 | 0.55 | 0.81 | 1.09 | 0.92 | 2.43 |
TLT iShares 20+ Year Treasury Bond ETF | 7 | -0.23 | -0.26 | 0.97 | -0.28 | -0.59 |
VGK Vanguard FTSE Europe ETF | 63 | 1.55 | 2.25 | 1.27 | 2.04 | 7.76 |
VPL Vanguard FTSE Pacific ETF | 71 | 1.63 | 2.20 | 1.31 | 2.91 | 8.80 |
VTI Vanguard Total Stock Market ETF | 78 | 1.82 | 2.52 | 1.32 | 2.67 | 11.50 |
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Dividends
Dividend yield
Aronson Family Taxable Portfolio provided a 2.66% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.66% | 2.70% | 2.60% | 2.46% | 3.00% | 2.32% | 1.58% | 2.24% | 2.53% | 2.10% | 2.13% | 2.06% |
| Portfolio components: | ||||||||||||
EEM iShares MSCI Emerging Markets ETF | 1.73% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.91% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
IJR iShares Core S&P Small-Cap ETF | 1.11% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
IJS iShares S&P SmallCap 600 Value ETF | 1.30% | 1.62% | 1.78% | 1.42% | 1.46% | 1.52% | 1.00% | 1.66% | 1.75% | 1.41% | 1.22% | 1.59% |
IJT iShares S&P SmallCap 600 Growth ETF | 0.69% | 0.91% | 1.06% | 1.02% | 1.08% | 0.63% | 0.68% | 0.92% | 0.92% | 0.86% | 1.03% | 1.14% |
TIP iShares TIPS Bond ETF | 4.98% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
TLT iShares 20+ Year Treasury Bond ETF | 4.75% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
VGK Vanguard FTSE Europe ETF | 2.82% | 2.86% | 3.61% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% |
VPL Vanguard FTSE Pacific ETF | 2.76% | 4.01% | 3.15% | 3.12% | 2.75% | 3.19% | 1.81% | 2.84% | 3.06% | 2.57% | 2.65% | 2.43% |
VTI Vanguard Total Stock Market ETF | 1.04% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Aronson Family Taxable Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Aronson Family Taxable Portfolio was 42.95%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
The current Aronson Family Taxable Portfolio drawdown is 1.86%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-42.95%Mar 2009 | 1y 4mo | 1y 8mo | 3y 4dNov 2007 - Nov 2010 | Financial crisis2007–2009 |
-25.12%Mar 2020 | 2mo 1d | 4mo 19d | 6mo 20dJan 2020 - Aug 2020 | COVID crash2020 |
-24.93%Oct 2022 | 11mo 8d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 | Bear market2022 |
-14.48%Feb 2016 | 9mo 20d | 5mo 17d | 1y 3moApr 2015 - Jul 2016 | — |
-14.09%Dec 2018 | 10mo 29d | 6mo 9d | 1y 5moJan 2018 - Jul 2019 | Rate-hike selloffLate 2018 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
AI Analysis
The gist
The portfolio is a globally diversified equity allocation with bond ballast, though much of its apparent variety is different labels on the same equity risk.
The numbers
- Diversification ratio is 1.20 over one year versus the 33rd percentile, down from 1.29 since inception: recent correlations have compressed.
- Effective asset count is 9.09 of 11, so concentration is not the central problem.
- Mean correlation is 0.46, with extremes from -0.26 to 0.99.
The good
- Treasury Long-Term Bond ETF (TLT) and iShares TIPS Bond ETF (TIP) provide the portfolio’s clearest diversifying exposures, with correlations to the portfolio of -0.10 and 0.06.
- VPL, Vanguard FTSE Pacific ETF; VGK, Vanguard FTSE Europe ETF; and EEM, iShares MSCI Emerging Markets ETF, distribute equity exposure across regions.
The bad
- Vanguard Large-Cap ETF (VV) and Vanguard Total Stock Market ETF (VTI) correlate at 0.99; IJT, IJR, and IJS form another nearly interchangeable small-cap cluster.
- High Yield Bond ETF (HYG) correlates 0.70 with the portfolio, behaving more like credit-sensitive equity than ballast.
The ugly
- An equity selloff paired with widening credit spreads could pull HYG and every equity sleeve together, leaving TLT and TIP to do the actual diversifying.
Next steps
- Portfolios with this profile are typically complemented by exposures whose drivers sit outside global equity and credit cycles.
Diversification Metrics
Number of Effective Assets
The portfolio contains 11 assets, with an effective number of assets of 9.09, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.
Diversification Ratio
1Y | 3Y | 5Y | 10Y | All Time | |
|---|---|---|---|---|---|
Diversification Ratio | 1.20 | 1.25 | 1.26 | 1.28 | 1.29 |
The portfolio has a diversification ratio of 1.29, in line with the typical range across portfolios.
Aronson Family Taxable Portfolio correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2007 | 0.91 |
Benchmark Correlations
Correlation vs. S&P 500 Index. VV has the highest benchmark correlation at 1.00, while TLT has the lowest at -0.26.
Asset Correlations Table
Find what Aronson Family Taxable Portfolio is missing
See which holdings overlap, where Aronson Family Taxable Portfolio is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification