Carson Sector BPI Portfolio Review: 25 March 2026

Colorful Peru

Carson is the oldest Sector BPI portfolio, now in operation for approximately 3.5 years.  We are beginning to build a historical base for this investing model.  Four sectors are currently residing in the oversold zone while two others are very close to the Buy zone.  Investors following this model are recommended to purchase shares of VCR, VHT, VOX, and VNQ.  I assume several of these ETFs are already part of the Sector BPI portfolio.  VFH and VIS are very close to being oversold.

Carson Security Holdings

Below are the current holdings in the Carson.  Limit orders are in place to bring all oversold asset classes close to the recommended percentage.

The Max AA for ETFs VAW down through VPU will sum very close to 100%.  The percentage recommended for each asset class is tied to the three-year volatility average.  The higher the volatility the higher the recommended percentage in a particular sector.  Another option is to allocate equal percentages to each asset class.

If the oversold recommendations do not use up all available cash we invest in VTI, SCHD and/or SHV.

Carson Performance Data

Carson began the Sector BPI in November of 2022.  The data below goes back to 12/31/2021 or nearly a year before the Sector BPI launch.  Over this 4.25 year period the Carson has outperformed all benchmarks tracked using the Investment Account Manager (IAM) software.

For some reason the IAM software does not pick up all the different sectors (yellow).  The one sector it does recognize is Real Estate.  I’ve yet to solve this software problem.

Carson Risk Ratios

All risk values are higher than they were a year ago.  The most important figure is the Jensen Performance Index and it shows a modest gain since March of 2025.  The slope of the Jensen is barely positive.

Comments are always welcome.