Tax-Aware Blend — Moderately Conservative
Target AllocationTax-Aware BlendTax-aware30% Equity / 68% Fixed Income · Tax-Aware Blend implementation · Last reviewed 2026-04-16
AI insights
Generate a briefing on positioning, performance, and risk for Tax-Aware Blend — Moderately Conservative.
Volatility
4.8%
Annualized standard deviation
Max drawdown
-14.5%
Peak to trough
Sharpe ratio
0.04
2.4% risk-free rate
Equity exposure
30%
Strategic target
Risk statistics
Model versus benchmark, since inception
| Measure | Model | Bench |
|---|---|---|
Annualized return Since inception, net of fund fees | 2.6% | 2.2% |
Standard deviation Annualized volatility of monthly returns | 4.8% | 4.7% |
Sharpe ratio Assumes a 2.4% risk-free rate | 0.04 | -0.05 |
Max drawdown Largest peak-to-trough decline | -14.5% | -14.4% |
Beta vs benchmark Sensitivity to benchmark movements | 0.94 | 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
-13.2%Benchmark -13.9% · Model outperformed by 0.7 pts
2022 rate shock
Jan 2022 – Oct 2022
-11.6%Benchmark -12.5% · Model outperformed by 0.9 pts
2025 growth scare
Feb 2025 – May 2025
-5.1%Benchmark -5.6% · Model outperformed by 0.5 pts
Simulated stress results for illustration only.