Merry Christmas

Copernicus is the last portfolio up for review before Christmas.  The major change is to reduce holdings in VOO and shift the percentage over to RSP.  The reason for this move is to reduce exposure to mega-cap stocks that are over-valued and to increase exposure to mid- and small-cap stocks.  The “all U.S. Equity” philosophy is still in effect.

The Copernicus continues to be a portfolios set up for young investors or those with a 10- to 15-year horizon – or longer.

Copernicus Portfolio

Below are the current holdings and new asset allocations for the Copernicus portfolio.  Many of the ETFs are still out of balance as limit orders are in place to make use of available cash.  I expect the level of cash will be greatly reduced by the January update.

Copernicus Rebalancing Recommendations

This morning I sold the bulk of SHV in order to raise cash to bring RSP into balance or move the shares closer to the target percentage.

Limit orders are in place to purchase more shares of RSP and VOO.

Copernicus Performance Data

Since 12/31/2021 the Copernicus has far outperformed all tracked benchmarks, including the S&P 500 (SPY).

Copernicus Risk Ratios

While the Jensen Alpha is off its high point of the year, the current value is ahead of where it was last December.  In fact all risk measurements are well above the December 2024 values.  With such high values it is going to be difficult to keep up this performance pace.

Comments are always welcome.

Copernicus Portfolio Review: 14 November 2025

Copernicus Portfolio Update: 14 December 2025