Tax-Aware Blend — Conservative
Target AllocationTax-Aware BlendTax-aware20% Equity / 78% Fixed Income · Tax-Aware Blend implementation · Last reviewed 2026-03-15
AI insights
Generate a briefing on positioning, performance, and risk for Tax-Aware Blend — Conservative.
Volatility
3.9%
Annualized standard deviation
Max drawdown
-12.9%
Peak to trough
Sharpe ratio
-0.02
2.4% risk-free rate
Equity exposure
20%
Strategic target
Risk statistics
Model versus benchmark, since inception
| Measure | Model | Bench |
|---|---|---|
Annualized return Since inception, net of fund fees | 2.3% | 1.8% |
Standard deviation Annualized volatility of monthly returns | 3.9% | 3.9% |
Sharpe ratio Assumes a 2.4% risk-free rate | -0.02 | -0.15 |
Max drawdown Largest peak-to-trough decline | -12.9% | -13.0% |
Beta vs benchmark Sensitivity to benchmark movements | 0.92 | 1.00 |
Tracking error Dispersion of excess return | 2.4% | 0.0% |
Historical drawdowns
How the model behaved through stress periods
COVID-19 selloff
Jan 2020 – Mar 2020
-10.8%Benchmark -11.4% · Model outperformed by 0.6 pts
2022 rate shock
Jan 2022 – Oct 2022
-10.4%Benchmark -11.2% · Model outperformed by 0.8 pts
2025 growth scare
Feb 2025 – May 2025
-4.4%Benchmark -4.9% · Model outperformed by 0.5 pts
Simulated stress results for illustration only.