Einstein Portfolio Review: 3 September 2026

Grand Tetons

Einstein is entering its fourth month operating under a new asset allocation mix of ETFs.  The revised allocation is designed to withstand a major equity draw-down.  Here is information on the first three months of operation.

1. June: Loss of 0.92 percent (-0.92%)
2. July:  Gain of 1.54 percent (1.54%)
3. August:  Gain of 1.58 percent (1.58%)

As readers you will see that the portfolio is not in balance.  I expect all asset classes to be within 1.0% of target by the next update.

Einstein Asset Allocation Model

Below are the current holdings within the Einstein.  The far right-hand column shows how far our of balance each ETF is from the target percentage (third column from the left).

Einstein Rebalancing Recommendations

Once the dividends are in for SCHO I plan to sell shares of this short-term treasury and begin to bring the various asset classes into balance.

Einstein Performance Data

The Einstein continues to perform poorly when we go back to the 12/31/2021 launch date.  Performance has improved over this past year.  For this information look to the Risk Ratio data below, particularly the Jensen Performance Index.

Einstein Risk Ratios

Over this past year we see only minor changes in the risk metrics.  One glimmer of optimism is the Jensen Alpha slope (0.07), albeit a minor gain.

The Information Ratio shows the Einstein lost ground to the AOR benchmark.  This ratio moved from a -0.14 for -0.18.  Not much of a change.  Yet it is moving in the wrong direction.  The Information Ratio is a metric to watch over the next year now that the Einstein is operating with a new asset allocation model.