Huygens Portfolio Review: 31 July 2026

Santa Fe, New Mexico

Huygens is the asset allocation portfolio scheduled for review this morning.  Since I first started this blog shares of GLDM and IAU were sold and the money was reinvested in short-term treasuries, SCHO.  This move will lower the portfolio beta which in turn will elevate the Jensen Alpha value.

Huygens Asset Allocation Model

Limit orders are in place to purchase more shares of VTI and VYM.  Since I am in no hurry to move back into equities I set the limit order for VTI to be 10% below the current price.  A market correction will trigger the purchase of shares of VTI.

The first goal is to bring all asset classes within 5% of the target percentage.  VTI and VYM are currently outside that limit.  SCHO is a holding bucket for times when we see a major market draw-down.

Huygens Rebalancing Recommendations

As mentioned above, limit orders are in place to purchase shares of VTI and VYM.  Otherwise, no action is merited.

Huygens Performance Data

Since 12/21/2021 the Huygens is behind the AOR benchmark.  When this is the situation I look to the Risk Ratio data to see if there is positive or negative growth over the past year.  Some improvement is occurring.

Huygens Risk Ratios

Three of the four risk ratios are higher than they were a year ago.  Only the Information ratio is lower and it is a tad higher than it was a month ago.

Particularly encouraging is the recent improvement in the Jensen Performance Index.

Comments are always welcome.

Portfolio Diversification: 6 June 2026