Bethe Portfolio Review: 1 September 2026

Street image painting from photograph

Exactly 10 years ago the Bethe was launched.  To permit performance comparisons among the various ITA portfolios 12/31/2021 is the launch date as it was late 2021 when the youngest portfolio began.

Over the past 10 years withdrawals were needed by the owner of this portfolio and that diminished overall performance.  The Bethe is now in a rebuilding phase.

Bethe Security Holdings

Below is a slightly revised asset allocation model which is designed to withstand a major draw-down.  Readers will see inflation protection, short-term treasuries, and income generating ETFs populate the Bethe.

Bethe Rebalancing Recommendations

The Beth portfolio is in balance.  Every asset class or ETF is within + or 1 one percentage point of the target percentage.

With the portfolio generating 4.0% in dividends it should not be difficult to keep the Bethe in balance.  The goal is to add shares to any ETF that dips more than one percentage point below target.

No buy or sell trades are in place.  Now is the time to let asset allocation do its work.

Bethe Performance Data

Since 12/31/2021 the Bethe has not kept pace with the AOR benchmark.  As with other lagging portfolios I look to the Risk Ratio data table to observe signs of improvement or potential retrograde motion.  There are glimmers of improvement.

Bethe Risk Ratios

For the first time since last February the Jensen Alpha moved back into positive territory.  Barely!  The slope of the Jensen is a modest 0.015.  At least it is positive.

The Information Ratio shows little change over the past few months.

Financial Repression Portfolio Update From ChatGPT

Portfolio Diversification: 6 June 2026