Asset Allocation
Performance
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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The earliest data available for this chart is Apr 11, 2007, corresponding to the inception date of HYG
Returns By Period
As of Apr 11, 2026, the Aronson Family Taxable Portfolio returned 5.38% Year-To-Date and 8.72% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | -0.11% | 2.78% | -0.42% | 4.03% | 27.10% | 18.38% | 10.55% | 12.70% |
Portfolio Aronson Family Taxable Portfolio | -0.09% | 4.18% | 5.38% | 9.56% | 28.87% | 12.66% | 5.48% | 8.72% |
| Portfolio components: | ||||||||
VPL Vanguard FTSE Pacific ETF | -0.08% | 7.03% | 14.99% | 24.00% | 53.69% | 19.32% | 7.94% | 9.63% |
VV Vanguard Large-Cap ETF | -0.09% | 2.79% | -0.56% | 3.97% | 28.60% | 20.21% | 11.65% | 14.60% |
IJT iShares S&P SmallCap 600 Growth ETF | -0.67% | 7.40% | 8.54% | 12.54% | 33.34% | 13.13% | 4.35% | 10.58% |
VTI Vanguard Total Stock Market ETF | -0.12% | 3.06% | 0.25% | 4.74% | 29.52% | 19.61% | 10.91% | 14.16% |
VGK Vanguard FTSE Europe ETF | 0.35% | 6.46% | 4.61% | 11.51% | 31.54% | 15.85% | 9.47% | 9.47% |
IJS iShares S&P SmallCap 600 Value ETF | -0.30% | 6.18% | 8.25% | 16.77% | 43.48% | 11.46% | 5.60% | 9.92% |
TLT iShares 20+ Year Treasury Bond ETF | -0.24% | 0.34% | 0.34% | -2.42% | 4.06% | -3.00% | -5.82% | -1.38% |
IJR iShares Core S&P Small-Cap ETF | -0.43% | 6.84% | 8.50% | 14.64% | 38.32% | 12.46% | 5.16% | 10.50% |
EEM iShares MSCI Emerging Markets ETF | 0.46% | 6.62% | 10.69% | 18.27% | 48.55% | 18.02% | 4.91% | 8.21% |
TIP iShares TIPS Bond ETF | 0.05% | 0.28% | 1.01% | 0.49% | 5.75% | 3.05% | 1.40% | 2.61% |
Monthly Returns
Based on dividend-adjusted daily data since Apr 12, 2007, Aronson Family Taxable Portfolio's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 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% | 3.92% | 5.38% | ||||||||
| 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 0.97%, beta of 0.68, and R² of 0.88 versus S&P 500 Index. Calculated based on daily prices since April 12, 2007.
- This portfolio participated in 76.49% of S&P 500 Index downside but only 71.82% 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
- 0.97%
- Beta
- 0.68
- R²
- 0.88
- Upside Capture
- 71.82%
- Downside Capture
- 76.49%
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 72 for risk / return — better than 72% of portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.84 | 2.23 | +0.60 |
Sortino ratioReturn per unit of downside risk | 3.99 | 3.12 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.53 | 1.42 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 4.42 | 4.05 | +0.38 |
Martin ratioReturn relative to average drawdown | 18.38 | 17.91 | +0.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
VPL Vanguard FTSE Pacific ETF | 82 | 3.19 | 4.06 | 1.58 | 4.93 | 20.23 |
VV Vanguard Large-Cap ETF | 64 | 2.31 | 3.21 | 1.43 | 4.16 | 18.21 |
IJT iShares S&P SmallCap 600 Growth ETF | 54 | 1.95 | 2.80 | 1.34 | 4.60 | 15.85 |
VTI Vanguard Total Stock Market ETF | 66 | 2.36 | 3.28 | 1.44 | 4.38 | 19.06 |
VGK Vanguard FTSE Europe ETF | 60 | 2.43 | 3.36 | 1.43 | 3.57 | 14.17 |
IJS iShares S&P SmallCap 600 Value ETF | 66 | 2.33 | 3.31 | 1.40 | 5.32 | 16.74 |
TLT iShares 20+ Year Treasury Bond ETF | 11 | 0.45 | 0.71 | 1.08 | 0.36 | 0.78 |
IJR iShares Core S&P Small-Cap ETF | 63 | 2.19 | 3.14 | 1.38 | 5.27 | 17.08 |
EEM iShares MSCI Emerging Markets ETF | 76 | 2.93 | 3.80 | 1.55 | 4.51 | 17.80 |
TIP iShares TIPS Bond ETF | 31 | 1.57 | 2.31 | 1.28 | 2.40 | 6.31 |
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Dividends
Dividend yield
Aronson Family Taxable Portfolio provided a 2.42% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.42% | 2.70% | 2.60% | 2.46% | 3.00% | 2.32% | 1.58% | 2.24% | 2.53% | 2.10% | 2.13% | 2.06% |
| Portfolio components: | ||||||||||||
VPL Vanguard FTSE Pacific ETF | 3.09% | 4.01% | 3.15% | 3.12% | 2.75% | 3.19% | 1.81% | 2.84% | 3.06% | 2.57% | 2.65% | 2.43% |
VV Vanguard Large-Cap ETF | 1.09% | 1.08% | 1.24% | 1.41% | 1.66% | 1.19% | 1.46% | 1.81% | 2.09% | 1.75% | 1.98% | 1.96% |
IJT iShares S&P SmallCap 600 Growth ETF | 0.82% | 0.91% | 1.06% | 1.02% | 1.08% | 0.63% | 0.68% | 0.92% | 0.92% | 0.86% | 1.03% | 1.14% |
VTI Vanguard Total Stock Market ETF | 1.13% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
VGK Vanguard FTSE Europe ETF | 2.84% | 2.86% | 3.61% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% |
IJS iShares S&P SmallCap 600 Value ETF | 1.37% | 1.62% | 1.78% | 1.42% | 1.46% | 1.52% | 1.00% | 1.66% | 1.75% | 1.41% | 1.22% | 1.59% |
TLT iShares 20+ Year Treasury Bond ETF | 4.52% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
IJR iShares Core S&P Small-Cap ETF | 1.23% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
EEM iShares MSCI Emerging Markets ETF | 2.01% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
TIP iShares TIPS Bond ETF | 2.79% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
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 2.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -42.95% | Nov 1, 2007 | 339 | Mar 9, 2009 | 420 | Nov 4, 2010 | 759 |
| -25.12% | Jan 17, 2020 | 42 | Mar 18, 2020 | 96 | Aug 4, 2020 | 138 |
| -24.93% | Nov 10, 2021 | 234 | Oct 14, 2022 | 438 | Jul 16, 2024 | 672 |
| -14.48% | Apr 27, 2015 | 202 | Feb 11, 2016 | 115 | Jul 27, 2016 | 317 |
| -14.09% | Jan 29, 2018 | 229 | Dec 24, 2018 | 129 | Jul 1, 2019 | 358 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
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. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.
Asset Correlations Table
| Benchmark | TIP | TLT | HYG | EEM | VPL | VGK | IJS | IJT | IJR | VV | VTI | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.12 | -0.27 | 0.65 | 0.75 | 0.77 | 0.80 | 0.81 | 0.85 | 0.84 | 1.00 | 0.99 | 0.91 |
| TIP | -0.12 | 1.00 | 0.74 | 0.09 | -0.07 | -0.04 | -0.05 | -0.12 | -0.11 | -0.11 | -0.11 | -0.11 | 0.05 |
| TLT | -0.27 | 0.74 | 1.00 | -0.07 | -0.23 | -0.20 | -0.23 | -0.27 | -0.25 | -0.26 | -0.27 | -0.27 | -0.11 |
| HYG | 0.65 | 0.09 | -0.07 | 1.00 | 0.58 | 0.59 | 0.61 | 0.58 | 0.60 | 0.60 | 0.66 | 0.67 | 0.70 |
| EEM | 0.75 | -0.07 | -0.23 | 0.58 | 1.00 | 0.81 | 0.78 | 0.65 | 0.66 | 0.66 | 0.75 | 0.75 | 0.84 |
| VPL | 0.77 | -0.04 | -0.20 | 0.59 | 0.81 | 1.00 | 0.80 | 0.67 | 0.70 | 0.69 | 0.77 | 0.77 | 0.87 |
| VGK | 0.80 | -0.05 | -0.23 | 0.61 | 0.78 | 0.80 | 1.00 | 0.69 | 0.71 | 0.71 | 0.80 | 0.80 | 0.85 |
| IJS | 0.81 | -0.12 | -0.27 | 0.58 | 0.65 | 0.67 | 0.69 | 1.00 | 0.95 | 0.98 | 0.81 | 0.84 | 0.87 |
| IJT | 0.85 | -0.11 | -0.25 | 0.60 | 0.66 | 0.70 | 0.71 | 0.95 | 1.00 | 0.98 | 0.85 | 0.88 | 0.89 |
| IJR | 0.84 | -0.11 | -0.26 | 0.60 | 0.66 | 0.69 | 0.71 | 0.98 | 0.98 | 1.00 | 0.84 | 0.87 | 0.89 |
| VV | 1.00 | -0.11 | -0.27 | 0.66 | 0.75 | 0.77 | 0.80 | 0.81 | 0.85 | 0.84 | 1.00 | 0.99 | 0.91 |
| VTI | 0.99 | -0.11 | -0.27 | 0.67 | 0.75 | 0.77 | 0.80 | 0.84 | 0.88 | 0.87 | 0.99 | 1.00 | 0.93 |
| Portfolio | 0.91 | 0.05 | -0.11 | 0.70 | 0.84 | 0.87 | 0.85 | 0.87 | 0.89 | 0.89 | 0.91 | 0.93 | 1.00 |
AI Insight on Diversification
The portfolio is moderately diversified with a notable tilt toward equity positions that are highly correlated with each other. The correlation matrix shows that many equity ETFs and indices—such as EEM (emerging markets), VPL (Asia Pacific ex-Japan), VGK (Europe), and various U.S. small- and mid-cap ETFs (IJS, IJT, IJR)—exhibit very high correlations with one another, often above 0.8 or 0.9. This clustering suggests that these equity holdings move largely in tandem, which reduces the benefits of diversification within the equity sleeve of the portfolio.
Conversely, the fixed income positions TIP (Treasury Inflation-Protected Securities) and TLT (long-term Treasuries) have relatively low or even negative correlations with the equity ETFs, with correlations often near zero or negative (e.g., TLT has correlations around -0.2 with many equity positions). This low or negative correlation provides valuable diversification benefits, helping to reduce overall portfolio volatility by offsetting equity risk.
The portfolio’s correlation with individual positions is highest with broad U.S. equity ETFs like VTI (0.93) and VV (0.91), indicating that these large-cap U.S. equity funds likely have significant weight or influence in the portfolio’s overall performance. The strong correlation with these broad market ETFs suggests that the portfolio’s returns are largely driven by U.S. equity market movements.
No single position appears to completely dominate the portfolio, but the high correlations with broad U.S. equity ETFs imply a concentration in U.S. equities. The relatively lower correlations of TIP and TLT with the portfolio (0.05 and -0.11, respectively) indicate these fixed income holdings contribute to diversification but are likely smaller in weight compared to equities.
Overall, the portfolio is somewhat concentrated in equities, especially U.S. and developed international markets, with fixed income holdings providing some diversification. The high correlations among equity positions suggest limited diversification within that asset class, while the inclusion of TIP and TLT helps mitigate risk by introducing assets that behave differently from equities. This structure is typical for a taxable portfolio seeking growth with some risk management through fixed income exposure.