Tax-Aware Blend — Balanced Income
Target AllocationTax-Aware BlendTax-aware40% Equity / 58% Fixed Income · Tax-Aware Blend implementation · Last reviewed 2026-05-17
AI insights
Generate a briefing on positioning, performance, and risk for Tax-Aware Blend — Balanced Income.
Volatility
4.9%
Annualized standard deviation
Max drawdown
-17.0%
Peak to trough
Sharpe ratio
0.11
2.4% risk-free rate
Equity exposure
40%
Strategic target
Risk statistics
Model versus benchmark, since inception
| Measure | Model | Bench |
|---|---|---|
Annualized return Since inception, net of fund fees | 2.9% | 2.3% |
Standard deviation Annualized volatility of monthly returns | 4.9% | 4.9% |
Sharpe ratio Assumes a 2.4% risk-free rate | 0.11 | -0.02 |
Max drawdown Largest peak-to-trough decline | -17.0% | -17.0% |
Beta vs benchmark Sensitivity to benchmark movements | 1.06 | 1.00 |
Tracking error Dispersion of excess return | 0.8% | 0.0% |
Historical drawdowns
How the model behaved through stress periods
COVID-19 selloff
Jan 2020 – Mar 2020
-15.6%Benchmark -16.4% · Model outperformed by 0.8 pts
2022 rate shock
Jan 2022 – Oct 2022
-12.8%Benchmark -13.8% · Model outperformed by 1.0 pts
2025 growth scare
Feb 2025 – May 2025
-5.8%Benchmark -6.4% · Model outperformed by 0.6 pts
Simulated stress results for illustration only.