ETFIQ Tactical, from 20% stocks benchmark
Tactical family · 15 to 30% bandETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, takes no payment from issuers, and makes no recommendations.
Over 10 years to Sep 30, 2026, ETFIQ Tactical, from 20% stocks, had a total return of +3.22% a year, hypothetical.
One sentence, recomputed nightly. A benchmark is a rule, not a recommendation.
Stock-share scale
Holdings as of Jun 30 to Jul 31, 2026Five bands, open below and closed above: 15 to 30, 30 to 50, 50 to 70, 70 to 85, over 85. The portfolio is a dot with its figure, date and band. Under 15% is not a band and is drawn as empty track.
Growth of $10,000
Trailing ranges end on Sep 30, 2026, All on Oct 7, 2026. The hypothetical span is dashed and shaded; the largest drawdown is shaded and dated under the chart. Computed by ETFIQ from Tiingo daily prices.
| Value on | Sep 30, 2025 | Dec 10, 2025 | Feb 24, 2026 | May 7, 2026 | Jul 21, 2026 | Sep 30, 2026 |
|---|---|---|---|---|---|---|
| Tactical 20 | $10,000 | $10,130 | $10,356 | $10,355 | $10,353 | $10,414 |
| Reference | $10,000 | $10,129 | $10,356 | $10,357 | $10,354 | $10,167 |
| Value on | Sep 29, 2023 | May 6, 2024 | Dec 10, 2024 | Jul 21, 2025 | Feb 25, 2026 | Sep 30, 2026 |
|---|---|---|---|---|---|---|
| Tactical 20 | $10,000 | $10,268 | $10,887 | $11,091 | $11,876 | $11,927 |
| Reference | $10,000 | $10,755 | $11,445 | $11,801 | $12,636 | $12,389 |
| Value on | Sep 30, 2021 | Sep 29, 2022 | Sep 29, 2023 | Sep 27, 2024 | Sep 30, 2025 | Sep 30, 2026 |
|---|---|---|---|---|---|---|
| Tactical 20 | $10,000 | $9,964 | $9,555 | $10,496 | $10,943 | $11,397 |
| Reference | $10,000 | $8,466 | $8,812 | $10,176 | $10,738 | $10,917 |
| Value on | Sep 30, 2016 | Sep 28, 2018 | Sep 29, 2020 | Sep 27, 2022 | Sep 27, 2024 | Sep 30, 2026 |
|---|---|---|---|---|---|---|
| Tactical 20 | $10,000 | $10,339 | $11,735 | $12,003 | $12,648 | $13,733 |
| Reference | $10,000 | $10,435 | $12,260 | $10,745 | $13,029 | $13,979 |
| Value on | Nov 1, 2010 | Jan 8, 2014 | Mar 15, 2017 | May 21, 2020 | Jul 28, 2023 | Oct 7, 2026 |
|---|---|---|---|---|---|---|
| Tactical 20 | $10,000 | $10,942 | $11,532 | $13,359 | $13,713 | $16,100 |
| Reference | $10,000 | $11,402 | $12,737 | $15,111 | $15,053 | $18,005 |
Facts
As of Oct 7, 2026- Family · band
- Tactical · 15 to 30%
- Stock share, the rule
- 20%
- Stock share, measured
- 19.80%
- Rebalance
- Reset to each new allocation’s weights, 192 of them since Nov 1, 2010, one each month at the close of the trading day after its month-end test
- Cash rate
- Treasury 13-week bill rate
- Fee treatment
- Fund fees inside prices; nothing else deducted
- Start of series
- Nov 1, 2010
- Base date
- Nov 1, 2010 = $10,000
- Tracked from
- Oct 5, 2026
- Method version
- v1.3
ETFIQ takes no payment from any fund company. A benchmark is a rule, not a recommendation.
Return table
Prices to Oct 7, 2026| YTD* | 1Y* | 3Y* | 5Y* | 10Y* | Since start* | |
|---|---|---|---|---|---|---|
| ETFIQ Tactical, from 20% stocks | +3.04% | +4.14% | +6.05% | +2.65% | +3.22% | +3.11% |
| Strategic 20, the reference | +0.62% | +1.67% | +7.40% | +1.77% | +3.41% | +3.84% |
| Difference | +2.42 | +2.47 | −1.35 | +0.88 | −0.19 | −0.73 |
*Hypothetical as a whole: the window begins before the tracked date, Oct 5, 2026. YTD and 1Y are total returns; 3Y, 5Y, 10Y and since start are annualised; the difference row is the two figures above it subtracted, in percentage points. Series starts Nov 1, 2010; tracked from Oct 5, 2026. The reference: the strategic member at stock share 20.
Risk by window
Prices to Sep 30, 2026| Measure | 3 years* | 5 years* | 10 years* | |||
|---|---|---|---|---|---|---|
| Portfolio | Reference | Portfolio | Reference | Portfolio | Reference | |
Volatility (annualised) Sample standard deviation of monthly returns, times the square root of 12 | 4.83% | 6.18% | 4.52% | 7.63% | 3.84% | 6.18% |
Maximum drawdown Largest fall from a peak to a later low, on daily values, in the window | −3.88% (Sep 27, 2024 to Jan 13, 2025) | −3.88% (Sep 27, 2024 to Jan 13, 2025) | −7.44% (Nov 9, 2021 to Aug 21, 2023) | −18.74% (Nov 9, 2021 to Oct 20, 2022) | −7.44% (Nov 9, 2021 to Aug 21, 2023) | −18.74% (Nov 9, 2021 to Oct 20, 2022) |
Worst month Lowest single calendar-month return | −2.67% (Apr 2024) | −2.67% (Apr 2024) | −3.49% (Feb 2023) | −5.24% (Sep 2022) | −3.49% (Feb 2023) | −5.24% (Sep 2022) |
Sharpe on T-bills Return over the Treasury 13-week bill rate, per unit of volatility, monthly | 0.31 | 0.46 | −0.26 | −0.24 | 0.20 | 0.17 |
Beta to the reference Sensitivity to the reference’s monthly moves | 0.66 | not published | 0.38 | not published | 0.44 | not published |
Up capture Share of the reference’s gains kept in its up months | 79.45% | not published | 61.05% | not published | 64.37% | not published |
Down capture Share of the reference’s losses taken in its down months | 76.19% | not published | 45.62% | not published | 49.24% | not published |
*Hypothetical as a whole: the window begins before the tracked date, Oct 5, 2026. Not published: the reference’s beta and captures. A reference measured against itself.
Calendar years with percentile in band
Band 15 to 30% · prices to Oct 7, 2026| Year | Tactical 20 | Strategic 20, the reference | Band median | Percentile · funds | Band low to high |
|---|---|---|---|---|---|
| 2026 to Oct 7, 2026* | +3.04% | +0.62% | not published | not published | not published |
| 2025* | +8.80% | +10.11% | not published | not published | not published |
| 2024* | +3.10% | +4.26% | not published | not published | not published |
| 2023* | −0.58% | +8.83% | not published | not published | not published |
| 2022* | −2.01% | −13.92% | not published | not published | not published |
| 2021* | +0.59% | +2.00% | not published | not published | not published |
| 2020* | +9.62% | +9.87% | not published | not published | not published |
| 2019* | +8.22% | +12.25% | not published | not published | not published |
| 2018* | −0.86% | −1.87% | not published | not published | not published |
| 2017* | +6.40% | +7.48% | not published | not published | not published |
| 2016* | +2.19% | +3.77% | not published | not published | not published |
| 2015* | −2.56% | +0.19% | not published | not published | not published |
| 2014* | +4.00% | +5.53% | not published | not published | not published |
| 2013* | +3.09% | +2.59% | not published | not published | not published |
| 2012* | +2.62% | +6.51% | not published | not published | not published |
| 2011* | +3.99% | +4.88% | not published | not published | not published |
| 2010 | not published | not published | not published | not published | not published |
*Hypothetical: the year starts before Oct 5, 2026, when the tracked record starts. Not published: 2010. The history starts 2010-11-01, after the last close of December 2009. Not published: the band median, percentile and range. ETFIQ has not placed allocation funds in bands yet, so there is no set to take a percentile in.
Stress windows
Rule version 1 · prices to each window’s last close11 windows, found by the published rule on every run: each card draws the family’s members from $10,000 at the window’s first close, with the return, the dollars and the largest drawdown inside it.
| Member | Return | On $10,000 | Max DD |
|---|---|---|---|
| Tactical 20 | no history | ||
| Tactical 40 | no history | ||
| Tactical 60 | no history | ||
| Tactical 80 | no history | ||
| Tactical 95 | no history | ||
Not shown, outside a member’s history: Tactical 20: outside its history (its history runs 2010-11-01 to 2026-10-07); Tactical 40: outside its history (its history runs 2010-11-01 to 2026-10-07); Tactical 60: outside its history (its history runs 2010-11-01 to 2026-10-07); Tactical 80: outside its history (its history runs 2010-11-01 to 2026-10-07); Tactical 95: outside its history (its history runs 2010-11-01 to 2026-10-07).
| Member | Return | On $10,000 | Max DD |
|---|---|---|---|
| Tactical 20 | no history | ||
| Tactical 40 | no history | ||
| Tactical 60 | no history | ||
| Tactical 80 | no history | ||
| Tactical 95 | no history | ||
Not shown, outside a member’s history: Tactical 20: outside its history (its history runs 2010-11-01 to 2026-10-07); Tactical 40: outside its history (its history runs 2010-11-01 to 2026-10-07); Tactical 60: outside its history (its history runs 2010-11-01 to 2026-10-07); Tactical 80: outside its history (its history runs 2010-11-01 to 2026-10-07); Tactical 95: outside its history (its history runs 2010-11-01 to 2026-10-07).
| Member | Return | On $10,000 | Max DD |
|---|---|---|---|
| Tactical 20 | +1.46% | $10,146 | −2.42% |
| Tactical 40 | −2.31% | $9,769 | −6.29% |
| Tactical 60 | −6.00% | $9,400 | −10.84% |
| Tactical 80 | −9.60% | $9,040 | −15.37% |
| Tactical 95 | −12.25% | $8,775 | −18.68% |
| Member | Return | On $10,000 | Max DD |
|---|---|---|---|
| Tactical 20 | −1.34% | $9,866 | −2.86% |
| Tactical 40 | −0.57% | $9,943 | −4.19% |
| Tactical 60 | +0.19% | $10,019 | −5.71% |
| Tactical 80 | +0.93% | $10,093 | −7.22% |
| Tactical 95 | +1.47% | $10,147 | −8.33% |
| Member | Return | On $10,000 | Max DD |
|---|---|---|---|
| Tactical 20 | −2.74% | $9,726 | −4.28% |
| Tactical 40 | −5.30% | $9,470 | −6.40% |
| Tactical 60 | −7.83% | $9,217 | −8.81% |
| Tactical 80 | −10.32% | $8,968 | −11.32% |
| Tactical 95 | −12.17% | $8,783 | −13.19% |
| Member | Return | On $10,000 | Max DD |
|---|---|---|---|
| Tactical 20 | −1.63% | $9,837 | −2.66% |
| Tactical 40 | −3.54% | $9,646 | −5.27% |
| Tactical 60 | −5.46% | $9,454 | −7.87% |
| Tactical 80 | −7.37% | $9,263 | −10.45% |
| Tactical 95 | −8.80% | $9,120 | −12.38% |
| Member | Return | On $10,000 | Max DD |
|---|---|---|---|
| Tactical 20 | −2.57% | $9,743 | −7.07% |
| Tactical 40 | −4.05% | $9,595 | −6.74% |
| Tactical 60 | −5.52% | $9,448 | −7.21% |
| Tactical 80 | −6.99% | $9,301 | −8.55% |
| Tactical 95 | −8.09% | $9,191 | −10.44% |
| Member | Return | On $10,000 | Max DD |
|---|---|---|---|
| Tactical 20 | −7.07% | $9,293 | −7.07% |
| Tactical 40 | −5.29% | $9,471 | −5.29% |
| Tactical 60 | −3.50% | $9,650 | −3.50% |
| Tactical 80 | −1.70% | $9,830 | −1.70% |
| Tactical 95 | −0.34% | $9,966 | −0.38% |
| Member | Return | On $10,000 | Max DD |
|---|---|---|---|
| Tactical 20 | +1.79% | $10,179 | −4.11% |
| Tactical 40 | +9.23% | $10,923 | −5.11% |
| Tactical 60 | +17.05% | $11,705 | −6.30% |
| Tactical 80 | +25.27% | $12,527 | −7.58% |
| Tactical 95 | +31.69% | $13,169 | −8.55% |
| Member | Return | On $10,000 | Max DD |
|---|---|---|---|
| Tactical 20 | −2.40% | $9,760 | −4.11% |
| Tactical 40 | −2.79% | $9,721 | −5.11% |
| Tactical 60 | −3.20% | $9,680 | −6.30% |
| Tactical 80 | −3.64% | $9,636 | −7.58% |
| Tactical 95 | −3.99% | $9,601 | −8.55% |
| Member | Return | On $10,000 | Max DD |
|---|---|---|---|
| Tactical 20 | −0.39% | $9,961 | −1.42% |
| Tactical 40 | −1.76% | $9,824 | −2.17% |
| Tactical 60 | −3.11% | $9,689 | −3.78% |
| Tactical 80 | −4.45% | $9,555 | −5.49% |
| Tactical 95 | −5.44% | $9,456 | −6.75% |
The rule. A fall of VT of 10% or more, and a fall of AGG of 5% or more, measured exactly on the published adjusted closes. A fall of 9.99% in VT is not a window. A window runs from its peak close to its trough close, both days included, and is named by them. Rule version 1.
The latest test, Sep 30, 2026
Each sleeve’s total-return index against its average over the last 10 month ends, this one included; a sleeve below it goes to BIL. The weights changed at the close of Oct 1, 2026.
| Sleeve | Funds | Index | 10-month average | Index against its average | Result | Index base, 100 on |
|---|---|---|---|---|---|---|
| Global stocks | VT | 554.40 | 528.78 | +4.85% | Held | Jan 29, 2010 |
| US bonds | BND and AGG | 144.55 | 148.64 | −2.76% | Not held: 80% to BIL | Jan 29, 2010 |
The test on Sep 30, 2026: Global stocks (VT) at 554.40 against its 10-month average of 528.78, held; US bonds (BND and AGG) at 144.55 against its 10-month average of 148.64, not held, so its 80% went to BIL. The weights changed at the close of Oct 1, 2026.
Holdings
Weights in force since Oct 1, 2026| Fund | Sleeve | Weight | Fee |
|---|---|---|---|
| BIL SPDR Bloomberg 1-3 Month T-Bill ETF | T-bills | 80% | 0.14% |
| VT Vanguard Total World Stock Index ETF | Global stocks | 20% | 0.06% |
The weights the rule sets at each rebalance, in force since Oct 1, 2026. Each fund’s expense ratio is from its prospectus, as of Oct 24, 2025 and Feb 27, 2026.
Exposures against the reference
Holdings as of Jun 30 to Jul 31, 2026Stocks19.80%19.80%level
Preferred shares0.05%0.05%level
Bonds79.66%78.90%0.76 points over
Funds0.00%0.00%level
Other, including cash0.49%1.25%0.76 points under
U.S. stocks12.32%12.32%level
Non-U.S. stocks7.48%7.48%level
- Sectors
- not published (no held fund with stocks publishes sector shares)
- Bonds by issuer, Government
- not published (no held fund with bonds publishes a government share of its bonds)
- Bonds by issuer, Corporate
- not published (no held fund with bonds publishes a corporate share of its bonds)
- Bonds by issuer, Municipal
- not published (no held fund with bonds publishes a municipal share of its bonds)
Percent of the portfolio, looked through to each fund’s filings. The lower bar is Strategic 20, by the same rule; the difference is in percentage points.
Factor loadings
189 months to Aug 31, 2026Regression of monthly excess returns on the five Fama-French factors and momentum, by least squares, with a t statistic for each.
R² 0.26. Factor returns from the Kenneth R. French data library, as named in Sources. Loadings over a span that begins before Oct 5, 2026 are hypothetical. Not published: the lower bar and the difference. The reference’s loadings cover Jan 29, 2010 to Aug 31, 2026, not the same months as these, Nov 30, 2010 to Aug 31, 2026.
Turnover
12 months to Sep 30, 2026 · 84.60% a yearShare of the benchmark traded each month, from the rule’s rebalances.
Each month is the sum of its rebalances’ turnover, one side of the trades over the portfolio; the 12 add up to 84.60% a year. Trading costs are not deducted from the returns. Since Nov 30, 2010: 177.48% a year.
Look-through holdings
Books as of Aug 31 to Oct 6, 202699.93% of the portfolio seen through to securities; 0.07% unmatched (rows with no ETFIQ security id, never ranked). Percent of the gross long weight; negative lines, such as cash owed and written options, net −0.05% of the portfolio. Matched by ETFIQ security id (all 2 books read carry a sid for every row). Books: VT Aug 31, 2026, BIL Oct 6, 2026.
| # | Security | Share of portfolio | Held by |
|---|---|---|---|
| 1 | TREASURY BILL 11/26 0.00000Held by BIL 7.61 | 7.61% | 1 of 2 funds |
| 2 | TREASURY BILL 11/26 0.00000Held by BIL 6.80 | 6.80% | 1 of 2 funds |
| 3 | TREASURY BILL 12/26 0.00000Held by BIL 6.35 | 6.35% | 1 of 2 funds |
| 4 | TREASURY BILL 11/26 0.00000Held by BIL 5.12 | 5.12% | 1 of 2 funds |
| 5 | TREASURY BILL 12/26 0.00000Held by BIL 5.12 | 5.12% | 1 of 2 funds |
| 6 | TREASURY BILL 11/26 0.00000Held by BIL 5.12 | 5.12% | 1 of 2 funds |
| 7 | TREASURY BILL 12/26 0.00000Held by BIL 5.02 | 5.02% | 1 of 2 funds |
| 8 | TREASURY BILL 12/26 0.00000Held by BIL 4.97 | 4.97% | 1 of 2 funds |
| 9 | TREASURY BILL 12/26 0.00000Held by BIL 4.96 | 4.96% | 1 of 2 funds |
| 10 | TREASURY BILL 11/26 0.00000Held by BIL 4.86 | 4.86% | 1 of 2 funds |
| 11 | TREASURY BILL 11/26 0.00000Held by BIL 4.75 | 4.75% | 1 of 2 funds |
| 12 | TREASURY BILL 11/26 0.00000Held by BIL 4.70 | 4.70% | 1 of 2 funds |
| 13 | TREASURY BILL 11/26 0.00000Held by BIL 4.18 | 4.18% | 1 of 2 funds |
| 14 | TREASURY BILL 12/26 0.00000Held by BIL 2.84 | 2.84% | 1 of 2 funds |
| 15 | TREASURY BILL 12/26 0.00000Held by BIL 2.14 | 2.14% | 1 of 2 funds |
| 16 | TREASURY BILL 12/26 0.00000Held by BIL 2.07 | 2.07% | 1 of 2 funds |
| 17 | TREASURY BILL 12/26 0.00000Held by BIL 1.66 | 1.66% | 1 of 2 funds |
| 18 | TREASURY BILL 12/26 0.00000Held by BIL 1.66 | 1.66% | 1 of 2 funds |
| 19 | NVIDIA Corp NVDAHeld by VT 0.86 | 0.86% | 1 of 2 funds |
| 20 | Apple Inc AAPLHeld by VT 0.77 | 0.77% | 1 of 2 funds |
| 21 | Microsoft Corp MSFTHeld by VT 0.63 | 0.63% | 1 of 2 funds |
| 22 | Amazon.com Inc AMZNHeld by VT 0.42 | 0.42% | 1 of 2 funds |
| 23 | Alphabet Inc GOOGLHeld by VT 0.34 | 0.34% | 1 of 2 funds |
| 24 | Taiwan Semiconductor Manufacturing Co LtdHeld by VT 0.31 | 0.31% | 1 of 2 funds |
| 25 | Broadcom Inc AVGOHeld by VT 0.29 | 0.29% | 1 of 2 funds |
The 25 largest of 10,096 securities matched across 2 funds; each row opens to list the funds that hold it.
Costs
Fees from prospectuses, Oct 24, 2025 to Feb 27, 2026| Layer | A year | On $10,000 | Source · date |
|---|---|---|---|
| Weighted fund fee | 0.12% | $12.40 | Prospectuses · Oct 24, 2025 to Feb 27, 2026 |
Weighted expense ratio 0.12%, each weight times its fund’s expense ratio. It is already inside the returns below.
Change log
Every target-weight change since Nov 1, 2010 · newest first| Date | Holding | Old | New | Reason |
|---|---|---|---|---|
| Aug 3, 2026 | BND | 40.00% | not held | Tactical test switch |
| Aug 3, 2026 | BIL | not held | 80.00% | Tactical test switch |
| Aug 3, 2026 | AGG | 40.00% | not held | Tactical test switch |
| Jun 2, 2025 | VT | not held | 20.00% | Tactical test switch |
| Jun 2, 2025 | BIL | 20.00% | not held | Tactical test switch |
| Apr 1, 2025 | VT | 20.00% | not held | Tactical test switch |
| Apr 1, 2025 | BIL | not held | 20.00% | Tactical test switch |
| Jun 3, 2024 | BND | not held | 40.00% | Tactical test switch |
| Jun 3, 2024 | BIL | 80.00% | not held | Tactical test switch |
| Jun 3, 2024 | AGG | not held | 40.00% | Tactical test switch |
| May 1, 2024 | BND | 40.00% | not held | Tactical test switch |
| May 1, 2024 | BIL | not held | 80.00% | Tactical test switch |
| May 1, 2024 | AGG | 40.00% | not held | Tactical test switch |
| Dec 1, 2023 | VT | not held | 20.00% | Tactical test switch |
| Dec 1, 2023 | BND | not held | 40.00% | Tactical test switch |
| Dec 1, 2023 | BIL | 100.00% | not held | Tactical test switch |
| Dec 1, 2023 | AGG | not held | 40.00% | Tactical test switch |
| Nov 1, 2023 | VT | 20.00% | not held | Tactical test switch |
| Nov 1, 2023 | BIL | 80.00% | 100.00% | Tactical test switch |
| Sep 1, 2023 | BND | 40.00% | not held | Tactical test switch |
| Sep 1, 2023 | BIL | not held | 80.00% | Tactical test switch |
| Sep 1, 2023 | AGG | 40.00% | not held | Tactical test switch |
| Apr 3, 2023 | BND | not held | 40.00% | Tactical test switch |
| Apr 3, 2023 | BIL | 80.00% | not held | Tactical test switch |
| Apr 3, 2023 | AGG | not held | 40.00% | Tactical test switch |
| Mar 1, 2023 | BND | 40.00% | not held | Tactical test switch |
| Mar 1, 2023 | BIL | not held | 80.00% | Tactical test switch |
| Mar 1, 2023 | AGG | 40.00% | not held | Tactical test switch |
| Feb 1, 2023 | VT | not held | 20.00% | Tactical test switch |
| Feb 1, 2023 | BND | not held | 40.00% | Tactical test switch |
| Feb 1, 2023 | BIL | 100.00% | not held | Tactical test switch |
| Feb 1, 2023 | AGG | not held | 40.00% | Tactical test switch |
| Jan 3, 2023 | VT | 20.00% | not held | Tactical test switch |
| Jan 3, 2023 | BIL | 80.00% | 100.00% | Tactical test switch |
| Dec 1, 2022 | VT | not held | 20.00% | Tactical test switch |
| Dec 1, 2022 | BIL | 100.00% | 80.00% | Tactical test switch |
| Feb 1, 2022 | VT | 20.00% | not held | Tactical test switch |
| Feb 1, 2022 | BND | 40.00% | not held | Tactical test switch |
| Feb 1, 2022 | BIL | not held | 100.00% | Tactical test switch |
| Feb 1, 2022 | AGG | 40.00% | not held | Tactical test switch |
| Nov 1, 2021 | BND | not held | 40.00% | Tactical test switch |
| Nov 1, 2021 | BIL | 80.00% | not held | Tactical test switch |
| Nov 1, 2021 | AGG | not held | 40.00% | Tactical test switch |
| Oct 1, 2021 | BND | 40.00% | not held | Tactical test switch |
| Oct 1, 2021 | BIL | not held | 80.00% | Tactical test switch |
| Oct 1, 2021 | AGG | 40.00% | not held | Tactical test switch |
| Aug 2, 2021 | BND | not held | 40.00% | Tactical test switch |
| Aug 2, 2021 | BIL | 80.00% | not held | Tactical test switch |
| Aug 2, 2021 | AGG | not held | 40.00% | Tactical test switch |
| Mar 1, 2021 | BND | 40.00% | not held | Tactical test switch |
| Mar 1, 2021 | BIL | not held | 80.00% | Tactical test switch |
| Mar 1, 2021 | AGG | 40.00% | not held | Tactical test switch |
| Jul 1, 2020 | VT | not held | 20.00% | Tactical test switch |
| Jul 1, 2020 | BIL | 20.00% | not held | Tactical test switch |
| Mar 2, 2020 | VT | 20.00% | not held | Tactical test switch |
| Mar 2, 2020 | BIL | not held | 20.00% | Tactical test switch |
| Jul 1, 2019 | VT | not held | 20.00% | Tactical test switch |
| Jul 1, 2019 | BIL | 20.00% | not held | Tactical test switch |
| Jun 3, 2019 | VT | 20.00% | not held | Tactical test switch |
| Jun 3, 2019 | BIL | not held | 20.00% | Tactical test switch |
| Mar 1, 2019 | VT | not held | 20.00% | Tactical test switch |
| Mar 1, 2019 | BIL | 20.00% | not held | Tactical test switch |
| Jan 2, 2019 | BND | not held | 40.00% | Tactical test switch |
| Jan 2, 2019 | BIL | 100.00% | 20.00% | Tactical test switch |
| Jan 2, 2019 | AGG | not held | 40.00% | Tactical test switch |
| Nov 1, 2018 | VT | 20.00% | not held | Tactical test switch |
| Nov 1, 2018 | BIL | 80.00% | 100.00% | Tactical test switch |
| Oct 1, 2018 | BND | 40.00% | not held | Tactical test switch |
| Oct 1, 2018 | BIL | not held | 80.00% | Tactical test switch |
| Oct 1, 2018 | AGG | 40.00% | not held | Tactical test switch |
| Sep 4, 2018 | BND | not held | 40.00% | Tactical test switch |
| Sep 4, 2018 | BIL | 80.00% | not held | Tactical test switch |
| Sep 4, 2018 | AGG | not held | 40.00% | Tactical test switch |
| Feb 1, 2018 | BND | 40.00% | not held | Tactical test switch |
| Feb 1, 2018 | BIL | not held | 80.00% | Tactical test switch |
| Feb 1, 2018 | AGG | 40.00% | not held | Tactical test switch |
| May 1, 2017 | BND | not held | 40.00% | Tactical test switch |
| May 1, 2017 | BIL | 80.00% | not held | Tactical test switch |
| May 1, 2017 | AGG | not held | 40.00% | Tactical test switch |
| Dec 1, 2016 | BND | 40.00% | not held | Tactical test switch |
| Dec 1, 2016 | BIL | not held | 80.00% | Tactical test switch |
| Dec 1, 2016 | AGG | 40.00% | not held | Tactical test switch |
| Apr 1, 2016 | VT | not held | 20.00% | Tactical test switch |
| Apr 1, 2016 | BIL | 20.00% | not held | Tactical test switch |
| Feb 1, 2016 | BND | not held | 40.00% | Tactical test switch |
| Feb 1, 2016 | BIL | 100.00% | 20.00% | Tactical test switch |
| Feb 1, 2016 | AGG | not held | 40.00% | Tactical test switch |
| Dec 1, 2015 | BND | 40.00% | not held | Tactical test switch |
| Dec 1, 2015 | BIL | 20.00% | 100.00% | Tactical test switch |
| Dec 1, 2015 | AGG | 40.00% | not held | Tactical test switch |
| Oct 1, 2015 | BND | not held | 40.00% | Tactical test switch |
| Oct 1, 2015 | BIL | 100.00% | 20.00% | Tactical test switch |
| Oct 1, 2015 | AGG | not held | 40.00% | Tactical test switch |
| Sep 1, 2015 | VT | 20.00% | not held | Tactical test switch |
| Sep 1, 2015 | BIL | 80.00% | 100.00% | Tactical test switch |
| Jul 1, 2015 | BND | 40.00% | not held | Tactical test switch |
| Jul 1, 2015 | BIL | not held | 80.00% | Tactical test switch |
| Jul 1, 2015 | AGG | 40.00% | not held | Tactical test switch |
| Mar 2, 2015 | VT | not held | 20.00% | Tactical test switch |
| Mar 2, 2015 | BIL | 20.00% | not held | Tactical test switch |
| Jan 2, 2015 | VT | 20.00% | not held | Tactical test switch |
| Jan 2, 2015 | BIL | not held | 20.00% | Tactical test switch |
| Feb 3, 2014 | BND | not held | 40.00% | Tactical test switch |
| Feb 3, 2014 | BIL | 80.00% | not held | Tactical test switch |
| Feb 3, 2014 | AGG | not held | 40.00% | Tactical test switch |
| Dec 2, 2013 | BND | 40.00% | not held | Tactical test switch |
| Dec 2, 2013 | BIL | not held | 80.00% | Tactical test switch |
| Dec 2, 2013 | AGG | 40.00% | not held | Tactical test switch |
| Nov 1, 2013 | BND | not held | 40.00% | Tactical test switch |
| Nov 1, 2013 | BIL | 80.00% | not held | Tactical test switch |
| Nov 1, 2013 | AGG | not held | 40.00% | Tactical test switch |
| Jun 3, 2013 | BND | 40.00% | not held | Tactical test switch |
| Jun 3, 2013 | BIL | not held | 80.00% | Tactical test switch |
| Jun 3, 2013 | AGG | 40.00% | not held | Tactical test switch |
| Jul 2, 2012 | VT | not held | 20.00% | Tactical test switch |
| Jul 2, 2012 | BIL | 20.00% | not held | Tactical test switch |
| Jun 1, 2012 | VT | 20.00% | not held | Tactical test switch |
| Jun 1, 2012 | BIL | not held | 20.00% | Tactical test switch |
| Mar 1, 2012 | VT | not held | 20.00% | Tactical test switch |
| Mar 1, 2012 | BIL | 20.00% | not held | Tactical test switch |
| Sep 1, 2011 | VT | 20.00% | not held | Tactical test switch |
| Sep 1, 2011 | BIL | not held | 20.00% | Tactical test switch |
| May 2, 2011 | BND | not held | 40.00% | Tactical test switch |
| May 2, 2011 | BIL | 80.00% | not held | Tactical test switch |
| May 2, 2011 | AGG | not held | 40.00% | Tactical test switch |
| Apr 1, 2011 | BND | 40.00% | not held | Tactical test switch |
| Apr 1, 2011 | BIL | not held | 80.00% | Tactical test switch |
| Apr 1, 2011 | AGG | 40.00% | not held | Tactical test switch |
| Nov 1, 2010 | VT | not held | 20.00% | Initial allocation |
| Nov 1, 2010 | BND | not held | 40.00% | Initial allocation |
| Nov 1, 2010 | AGG | not held | 40.00% | Initial allocation |
*A change before Oct 5, 2026 is hypothetical: the rule applied to earlier prices. 143 drift rebalances between Nov 1, 2010 and Oct 7, 2026 reset the weights to these targets; they are counted, not listed.
Method, definitions and disclosures
Methodology v1.3 · read it- Total return
- Value at the end over value at the start, minus 1: distributions reinvested, each fund’s fees inside its price.
- Annualised
- (1 + total return) to the power 12 over the number of whole months, minus 1; from 12 months.
- Volatility
- Sample standard deviation of monthly returns, times the square root of 12; from 36 monthly returns.
- Maximum drawdown
- The largest fall from a peak to a later low, on daily values, with the dates of both.
- Sharpe on T-bills
- 12 times the mean monthly return over the Treasury 13-week bill rate, over the square root of 12 times its standard deviation; from 36 months.
- Turnover
- The trading of the rebalances inside the window, a year, the start excluded.
The rule: 20% VT and 80% US bonds (BND and AGG in equal parts), reset to each new allocation’s weights, 192 of them since Nov 1, 2010, one each month at the close of the trading day after its month-end test. The tactical family’s rule, as the method states it: “Start from S(x). At each month end, each sleeve is tested on its own total-return index (built from the same daily returns the engine uses): if that index is at or above its average over the last 10 month ends, the sleeve is held; otherwise it moves to BIL until a later month end passes the test.” Methodology version 1.3; launched on Oct 3, 2026, when ETFIQ froze the family’s rule. Every weight follows from the rule and public facts.
The test on Sep 30, 2026: Global stocks (VT) at 554.40 against its 10-month average of 528.78, held; US bonds (BND and AGG) at 144.55 against its 10-month average of 148.64, not held, so its 80% went to BIL. The weights changed at the close of Oct 1, 2026.
Launched on Oct 3, 2026, when ETFIQ froze its rule. Figures before Oct 5, 2026 are hypothetical: today’s rule and funds applied to earlier prices, which is look-ahead. From Oct 5, 2026 the record is tracked, and a window that starts before it is hypothetical as a whole.
Total returns are market price with distributions reinvested, net of each fund’s own fees, with nothing else deducted. The price source does not carry funds that closed before 2016, so nothing here is free of survivorship bias. Data sourced by Tiingo.
Questions people ask about Tactical, from 20% stocks
- What is ETFIQ Tactical, from 20% stocks?
- A rules-based benchmark: 20% VT and 80% US bonds (BND and AGG in equal parts), reset to each new allocation’s weights, 192 of them since Nov 1, 2010, one each month at the close of the trading day after its month-end test. ETFIQ publishes it to measure tactical and dynamic models with about 20% in stocks. It is not a fund and cannot be bought.
- Is ETFIQ Tactical, from 20% stocks a recommendation?
- No. It is a yardstick, the same for everyone, and every weight follows from a written rule and public facts. ETFIQ publishes no trades for it and takes no payment from the issuer of any fund it holds.
- Why are some of its returns hypothetical?
- ETFIQ froze the rule on Oct 3, 2026. Returns before Oct 5, 2026 apply today’s rule and funds to earlier prices, which is look-ahead; returns from that date are tracked. The price source does not carry funds that closed before 2016, so nothing here is free of survivorship bias.
ETFIQ takes no payment from any fund company. A link is not an endorsement. Figures are calculated by ETFIQ from the sources above and are free to use with attribution.
ETFIQ, ETFIQ Tactical, from 20% stocks benchmark, data as of Oct 7, 2026. https://etfiq.com/benchmarks/tactical-20/
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data. Figures before Oct 5, 2026 are hypothetical.