There are currently 4,611 US-listed ETFs in our database, from which we select a smaller sub-universe with the following criteria:

That leaves us with 2,259 funds, including 561 fixed-income funds, from which this allocation is drawn (see our target allocation in the rightmost column).

Symbol Name Category Launch Year Net Assets ($) Annual Fees (%) TTM Yield (%) Target Allocation (%)
CGIB Capital Group International Bond ETF (USD-Hedged) Global Bond-USD Hedged 2024 125,175,209 0.45 4.67 1.1977147
DFCA Dimensional California Municipal Bond ETF Muni California Intermediate 2023 572,399,676 0.22 2.91 2.9636275
FLXR TCW Flexible Income ETF Multisector Bond 2018 2,175,355,700 0.57 5.40 2.1820810
FUSI American Century Multisector Floating Income ETF Ultrashort Bond 2023 35,403,130 0.27 5.57 3.5324667
GHYG iShares US & Intl High Yield Corp Bond ETF High Yield Bond 2012 192,065,076 0.40 5.99 0.9464308
JUCY Aptus Enhanced Yield ETF Intermediate Core Bond 2022 224,966,093 0.59 8.19 1.2744536
MMKT Texas Capital Government Money Market ETF Money Market-Taxable 2024 62,625,363 0.20 4.17 20.5828460
OBND State Street® Loomis Sayles Opportunistic Bond ETF Multisector Bond 2021 50,902,714 0.51 6.17 1.7827899
PQDI Principal Spectrum Preferred and Income ETF Preferred Stock 2020 64,208,619 0.60 4.97 1.5147186
PUSH PGIM Ultra Short Municipal Bond ETF Muni National Short 2024 45,342,688 0.15 3.52 3.5799150
RAVI FlexShares Ultra-Short Income Fund Ultrashort Bond 2012 1,370,286,879 0.26 4.74 15.9595034
TBLL Invesco Short Term Treasury ETF Ultrashort Bond 2017 2,255,637,282 0.08 4.18 32.2436288
TBUX T. Rowe Price Ultra Short-Term Bond ETF Ultrashort Bond 2021 734,627,227 0.17 4.65 4.7409472
VCSH Vanguard Short-Term Corporate Bond Index Fund ETF Shares Short-Term Bond 2009 46,835,104,534 0.04 4.26 5.6316922
XHYC BondBloxx US High Yield Consumer Cyclicals Sector ETF High Yield Bond 2022 30,705,821 0.35 6.61 1.8671848

Note: The weighted average annual fees of the allocation are 19 basis points.  

» Recent performance of our allocation versus its benchmark:

 

 

                    Note: The benchmark (SPDR Portfolio Aggregate Bond ETF (SPAB)) has been scaled to achieve equal volatility over the period, in order to get a pound for pound visual comparison of compounded returns.

 

» Key performance metrics over the last 12 months:

 

Total Return Realized Volatility Relative Volatility / Benchmark Excess Return1 Sharpe Ratio1 Maximum Drawdown2 Calmar Ratio Correlation Beta R-squared3 Annualized Alpha4 Treynor Ratio Up Capture Down Capture Active Return5 Tracking Error5 Information Ratio5
ALLOCATION 4.8% 0.6% 0.12 0.4% 0.72 -0.4% 13.34 0.82 0.1 67% 4.1% 0.49 15.6% 1.5% 4.0% 0.3% 11.55
BENCHMARK 6.8% 4.7% – 2.4% 0.51 -3.2% 2.12 – – – – – – – – – –
CGIB 5.1% 3.9% 0.83 0.7% 0.18 -2.5% 2.05 0.44 0.36 19% 2.6% 0.14 44.4% 36.4% -0.6% 4.2% -0.15
DFCA 2.4% 2.8% 0.59 -2.0% -0.72 -3.3% 0.73 0.67 0.4 45% -0.2% 0.06 34.7% 34.4% -1.6% 2.2% -0.69
FLXR 8.1% 2.8% 0.59 3.7% 1.35 -1.5% 5.54 0.81 0.47 65% 4.8% 0.17 49.3% 31.7% 4.0% 1.7% 2.32
FUSI 5.0% 1.2% 0.27 0.6% 0.47 -0.7% 7.1 0.21 0.06 5% 4.6% 0.88 11.1% -4.9% 3.1% 1.6% 2
GHYG 8.7% 5.5% 1.16 4.3% 0.79 -4.1% 2.1 0.4 0.46 16% 5.6% 0.19 50.8% 31.2% 0.5% 6.0% 0.09
JUCY 5.0% 3.7% 0.79 0.6% 0.16 -1.6% 3.19 0.34 0.27 12% 3.2% 0.18 31.2% 20.2% -0.4% 4.2% -0.1
MMKT 4.1% 0.3% 0.06 -0.3% -0.97 -0.1% 69.16 0.01 0 0% 4.2% 104.87 6.3% -7.6% 3.7% 0.4% 10.04
OBND 7.3% 3.6% 0.76 2.9% 0.82 -3.1% 2.37 0.79 0.6 62% 3.2% 0.12 64.3% 53.4% 2.0% 2.3% 0.87
PQDI 7.3% 2.7% 0.58 2.9% 1.07 -2.2% 3.25 0.34 0.2 12% 6.0% 0.37 25.1% 4.2% 3.2% 3.1% 1.03
PUSH 3.9% 1.5% 0.31 -0.5% -0.33 -0.8% 4.63 0.29 0.09 8% 3.3% 0.44 14.6% 3.5% 1.8% 1.7% 1.03
RAVI 5.0% 0.5% 0.12 0.6% 1.1 -0.4% 13.71 0.51 0.06 26% 4.6% 0.84 13.1% -2.3% 4.2% 0.5% 7.81
TBLL 4.4% 0.2% 0.05 -0.0% -0.15 -0.0% 115.22 0.15 0.01 2% 4.3% 6.01 7.2% -7.4% 4.0% 0.3% 13.06
TBUX 5.3% 1.1% 0.23 0.9% 0.87 -0.3% 16.01 0.35 0.08 12% 4.8% 0.68 14.8% -1.4% 3.7% 1.2% 3.07
VCSH 6.7% 2.3% 0.48 2.3% 1 -1.3% 5.16 0.87 0.42 77% 3.7% 0.16 45.4% 32.2% 3.3% 1.1% 2.88
XHYC 5.6% 4.9% 1.05 1.2% 0.25 -5.0% 1.12 0.34 0.36 11% 3.3% 0.16 33.7% 20.8% -1.6% 5.7% -0.28
Notes:
1 For the estimation of the Sharpe ratio, we calculated excess return and excess volatility against the daily returns of the Nasdaq US T-Bill V2 Index (“NQCASH2”).
2 Drawdowns are calculated on daily closing prices (i.e. not intraday highs and lows).
3 The R-squared indicates how much the variance of a security can be explained by the variance of the benchmark: if a security has a low R-squared value, the CAPM single-factor linear relationship doesn’t explain much of the variance of the security, and the CAPM metrics (beta, alpha, Treynor ratio) are not useful for this particular security.
4 The annualized alpha is a compounded calculation from CAPM estimations on daily returns.
5 The active performance metrics are calculated relative to the volatilty-adjusted benchmark (i.e. the benchmark multiplied by the relative volatility of the allocation).

» Charting each security in the allocation:

 































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