# Six ETFIQ benchmarks at 60% stocks, compared

> Over 10 years to Sep 30, 2026, 3 of 5 ETFIQ benchmarks at 60% stocks beat Strategic 60’s +7.93% a year, hypothetical.

Data as of Oct 7, 2026. Rebuilt every trading night.

Rebuilt every trading night. Figures as of Oct 7, 2026; trailing windows end at the last month end, Sep 30, 2026.

## Six benchmarks at 60% stocks, side by side

The six ETFIQ benchmarks that hold 60% stocks, one per family, on the same rows: five portfolios, with Strategic 60 as the reference column. Every figure is the benchmark’s own, dated; the period returns, risk and drawdowns cover the common period, Sep 30, 2016 to Sep 30, 2026, the longest window all six publish.

Over 10 years to Sep 30, 2026, 3 of 5 ETFIQ benchmarks at 60% stocks beat Strategic 60’s +7.93% a year, hypothetical.

*Hypothetical: the figures in the row start before Oct 5, 2026, when the tracked record starts (ETFIQ froze the rules on Oct 3, 2026), so they apply today’s rule and funds to earlier prices.

### Compare at another stock share

### The six benchmarks

### Comparison grid

Eight row groups: facts, period returns, calendar years, risk, drawdowns, exposures, costs and rule; the period, risk and drawdown rows over Sep 30, 2016 to Sep 30, 2026. Data sourced by Tiingo .

| Figure | Tax-aware 60 | Factor 60 | Income 60 | Tactical 60 | Thematic 60 | Strategic 60, the reference |
| --- | --- | --- | --- | --- | --- | --- |
| Band | 50 to 70 | 50 to 70 | 50 to 70 | 50 to 70 | 50 to 70 | 50 to 70 |
| Stock share | 59.40% | 59.88% | 59.92% | 59.40% | 60.00% | 59.40% |
| Fee | 0.05% | 0.09% | 0.21% | 0.09% | 0.34% | 0.05% |
| History | tracked from Oct 2026 | tracked from Oct 2026 | tracked from Oct 2026 | tracked from Oct 2026 | tracked from Oct 2026 | tracked from Oct 2026 |
| As of | Oct 7, 2026 | Oct 7, 2026 | Oct 7, 2026 | Oct 7, 2026 | Oct 7, 2026 | Oct 7, 2026 |
| 1 year* | +8.78% | +12.68% | +8.87% | +10.22% | +8.55% | +8.93% |
| 3 years, annualised* | +13.73% | +15.21% | +11.94% | +10.97% | +17.24% | +14.30% |
| Common period, annualised* | +8.08% | +8.59% | +7.17% | +6.75% | +10.03% | +7.93% |
| 2026 to Oct 7, 2026* | +6.66% | +11.87% | +6.46% | +8.54% | +6.74% | +7.28% |
| 2025* | +14.68% | +12.90% | +10.21% | +12.13% | +26.59% | +16.19% |
| 2024* | +10.26% | +11.43% | +12.99% | +9.67% | +7.30% | +10.26% |
| 2023* | +15.53% | +12.21% | +9.07% | +1.67% | +18.32% | +15.32% |
| 2022* | −13.87% | −14.44% | −8.38% | −4.66% | −19.70% | −15.83% |
| 2021* | +11.24% | +11.87% | +14.15% | +9.20% | +8.50% | +9.94% |
| 2020* | +12.64% | +12.35% | +3.49% | +13.41% | +32.95% | +13.74% |
| 2019* | +18.93% | +20.65% | +18.04% | +7.55% | +19.64% | +19.51% |
| 2018* | −5.35% | −2.92% | −4.08% | −1.59% | −7.26% | −5.74% |
| 2017* | +16.28% | +15.02% | +11.96% | +15.14% | +19.35% | +15.71% |
| Volatility* | 10.15% | 10.39% | 8.98% | 6.76% | 13.19% | 10.07% |
| Sharpe on T-bills* | 0.57 | 0.61 | 0.54 | 0.63 | 0.60 | 0.56 |
| Beta to the reference* | 1.00 | 1.00 | 0.83 | 0.47 | 1.24 | not published |
| Down capture* | 99.93% | 97.89% | 81.79% | 56.16% | 120.84% | not published |
| Maximum drawdown* | −25.39% | −23.33% | −25.71% | −10.39% | −27.93% | −22.31% |
| Dates* | Feb 12 to Mar 20, 2020 | Feb 19 to Mar 23, 2020 | Feb 12 to Mar 23, 2020 | Nov 2021 to Mar 2023 | Nov 2021 to Oct 2022 | Nov 2021 to Oct 2022 |
| Worst month* | −10.26% (Mar 2020) | −9.34% (Mar 2020) | −11.65% (Mar 2020) | −4.66% (Oct 2018) | −9.71% (Mar 2020) | −9.25% (Mar 2020) |
| Stocks | 59.40% | 59.88% | 59.92% | 59.40% | 60.00% | 59.40% |
| Preferred shares | 0.16% | 0.00% | 0.00% | 0.16% | 0.00% | 0.16% |
| Bonds | 39.57% | 39.45% | 39.38% | 39.83% | 39.45% | 39.45% |
| Funds | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Other, including cash | 0.87% | 0.67% | 0.70% | 0.62% | 0.55% | 1.00% |
| U.S. stocks | 36.96% | 57.77% | 29.92% | 36.96% | not published | 36.96% |
| Non-U.S. stocks | 22.44% | 2.11% | 0.00% | 22.44% | not published | 22.44% |
| Municipal bonds | 39.57% | not published | not published | not published | not published | not published |
| Government bonds | not published | 27.67% | 13.83% | not published | 27.67% | 27.67% |
| Corporate bonds | not published | 10.66% | 5.33% | not published | 10.66% | 10.66% |
| Fund fees, weighted | 0.05% | 0.09% | 0.21% | 0.09% | 0.34% | 0.05% |
| A year on $10,000 | $5 | $9 | $21 | $9 | $34 | $5 |
| Rebalance | monthly | monthly | monthly | monthly, by trend test | quarterly; themes yearly | monthly |
| Holdings | 2 ETFs | 7 ETFs | 5 ETFs | 2 ETFs | 41 ETFs | 3 ETFs |
| Change log | none since 2015 | none since 2013 | none since 2013 | 48 changes since 2010 | 13 changes since 2011 | none since 2010 |

### Overlap matrix

Pairwise weight overlap in percent of the portfolio, matched by the books' row key; a floor.

| Figure | Tax-aware 60 | Factor 60 | Income 60 | Tactical 60 | Thematic 60 | Strategic 60, the reference |
| --- | --- | --- | --- | --- | --- | --- |
| Tax-aware 60 | · | 4.31 | 12.64 | 42.87 | 7.73 | 42.87 |
| Factor 60 | 4.31 | · | 13.10 | 4.31 | 22.30 | 24.21 |
| Income 60 | 12.64 | 13.10 | · | 12.67 | 12.51 | 22.59 |
| Tactical 60 | 42.87 | 4.31 | 12.67 | · | 7.73 | 42.87 |
| Thematic 60 | 7.73 | 22.30 | 12.51 | 7.73 | · | 27.63 |
| Strategic 60 | 42.87 | 24.21 | 22.59 | 42.87 | 27.63 | · |

### Holdings matrix

The largest securities across the six, by the sum of their shares; percent of each portfolio.

| Security | Tax-aware 60 | Factor 60 | Income 60 | Tactical 60 | Thematic 60 | Strategic 60, the reference | Held by |
| --- | --- | --- | --- | --- | --- | --- | --- |
| NVIDIA CORP | 2.59% | · | · | 2.59% | 0.36% | 2.59% | 4 of 6 |
| Apple Inc | 2.31% | · | · | 2.31% | 0.09% | 2.31% | 4 of 6 |
| Microsoft Corp | 1.90% | · | · | 1.90% | 0.15% | 1.90% | 4 of 6 |
| Broadcom Inc. | 0.87% | · | 2.08% | 0.87% | 0.20% | 0.87% | 5 of 6 |
| Amazon.com, Inc. | 1.27% | · | · | 1.27% | 0.35% | 1.27% | 4 of 6 |
| Alphabet Inc. (Class A) | 1.01% | · | · | 1.01% | 0.15% | 1.01% | 4 of 6 |
| JPMorgan Chase & Co | 0.48% | · | 1.15% | 0.48% | 0.01% | 0.48% | 5 of 6 |
| Alphabet Inc. (Class C) | 0.79% | · | · | 0.79% | 0.15% | 0.79% | 4 of 6 |
| Meta Platforms, Inc. (Class A) | 0.63% | · | · | 0.63% | 0.39% | 0.63% | 4 of 6 |
| MKTLIQ | 0.36% | 0.24% | 0.14% | 0.36% | 0.24% | 0.60% | 6 of 6 |

### The six through each stress window

The windows are found by a written rule from VT’s and AGG’s daily total returns; a window outside a benchmark’s history shows no figure. Data sourced by Tiingo .

| Window | Benchmark | Return | On $10,000 | Max drawdown |
| --- | --- | --- | --- | --- |
| Feb 18 to Apr 8, 2025* | Tax-aware 60 | −11.31% | $8,869 | −11.31% |
| Feb 18 to Apr 8, 2025* | Factor 60 | −10.24% | $8,976 | −10.33% |
| Feb 18 to Apr 8, 2025* | Income 60 | −9.70% | $9,030 | −9.86% |
| Feb 18 to Apr 8, 2025* | Tactical 60 | −3.11% | $9,689 | −3.78% |
| Feb 18 to Apr 8, 2025* | Thematic 60 | −13.64% | $8,636 | −13.64% |
| Feb 18 to Apr 8, 2025* | Strategic 60 | −9.76% | $9,024 | −9.76% |
| Nov 8, 2021 to Oct 12, 2022* | Tax-aware 60 | −19.98% | $8,002 | −20.21% |
| Nov 8, 2021 to Oct 12, 2022* | Factor 60 | −20.19% | $7,981 | −20.46% |
| Nov 8, 2021 to Oct 12, 2022* | Income 60 | −13.63% | $8,637 | −15.41% |
| Nov 8, 2021 to Oct 12, 2022* | Tactical 60 | −3.20% | $9,680 | −6.30% |
| Nov 8, 2021 to Oct 12, 2022* | Thematic 60 | −27.04% | $7,296 | −27.04% |
| Nov 8, 2021 to Oct 12, 2022* | Strategic 60 | −22.05% | $7,795 | −22.05% |
| Aug 4, 2020 to Oct 20, 2022* | Tax-aware 60 | −0.43% | $9,957 | −20.21% |
| Aug 4, 2020 to Oct 20, 2022* | Factor 60 | −1.20% | $9,880 | −20.46% |
| Aug 4, 2020 to Oct 20, 2022* | Income 60 | +6.77% | $10,677 | −15.41% |
| Aug 4, 2020 to Oct 20, 2022* | Tactical 60 | +17.05% | $11,705 | −6.30% |
| Aug 4, 2020 to Oct 20, 2022* | Thematic 60 | −2.34% | $9,766 | −27.93% |
| Aug 4, 2020 to Oct 20, 2022* | Strategic 60 | −4.69% | $9,531 | −22.31% |
| Mar 6 to Mar 18, 2020* | Tax-aware 60 | −18.41% | $8,159 | −18.41% |
| Mar 6 to Mar 18, 2020* | Factor 60 | −16.58% | $8,342 | −16.58% |
| Mar 6 to Mar 18, 2020* | Income 60 | −16.34% | $8,366 | −16.34% |
| Mar 6 to Mar 18, 2020* | Tactical 60 | −3.50% | $9,650 | −3.50% |
| Mar 6 to Mar 18, 2020* | Thematic 60 | −19.46% | $8,054 | −19.46% |
| Mar 6 to Mar 18, 2020* | Strategic 60 | −16.90% | $8,310 | −16.90% |
| Feb 12 to Mar 23, 2020* | Tax-aware 60 | −24.98% | $7,502 | −25.39% |
| Feb 12 to Mar 23, 2020* | Factor 60 | −23.09% | $7,691 | −23.33% |
| Feb 12 to Mar 23, 2020* | Income 60 | −25.71% | $7,429 | −25.71% |
| Feb 12 to Mar 23, 2020* | Tactical 60 | −5.52% | $9,448 | −7.21% |
| Feb 12 to Mar 23, 2020* | Thematic 60 | −22.35% | $7,765 | −24.54% |
| Feb 12 to Mar 23, 2020* | Strategic 60 | −21.81% | $7,819 | −21.81% |
| Jan 26 to Dec 24, 2018* | Tax-aware 60 | −11.66% | $8,834 | −11.66% |
| Jan 26 to Dec 24, 2018* | Factor 60 | −9.83% | $9,017 | −11.77% |
| Jan 26 to Dec 24, 2018* | Income 60 | −9.58% | $9,042 | −10.62% |
| Jan 26 to Dec 24, 2018* | Tactical 60 | −5.46% | $9,454 | −7.87% |
| Jan 26 to Dec 24, 2018* | Thematic 60 | −13.08% | $8,692 | −13.08% |
| Jan 26 to Dec 24, 2018* | Strategic 60 | −12.12% | $8,788 | −12.12% |
| May 21, 2015 to Feb 11, 2016* | Tax-aware 60 | not published | not published | not published |
| May 21, 2015 to Feb 11, 2016* | Factor 60 | −6.91% | $9,309 | −7.12% |
| May 21, 2015 to Feb 11, 2016* | Income 60 | −7.03% | $9,297 | −7.58% |
| May 21, 2015 to Feb 11, 2016* | Tactical 60 | −7.83% | $9,217 | −8.81% |
| May 21, 2015 to Feb 11, 2016* | Thematic 60 | −16.77% | $8,323 | −18.35% |
| May 21, 2015 to Feb 11, 2016* | Strategic 60 | −11.43% | $8,857 | −11.43% |
| May 2 to Sep 5, 2013* | Tax-aware 60 | not published | not published | not published |
| May 2 to Sep 5, 2013* | Factor 60 | not published | not published | not published |
| May 2 to Sep 5, 2013* | Income 60 | not published | not published | not published |
| May 2 to Sep 5, 2013* | Tactical 60 | +0.19% | $10,019 | −5.71% |
| May 2 to Sep 5, 2013* | Thematic 60 | +1.75% | $10,175 | −6.42% |
| May 2 to Sep 5, 2013* | Strategic 60 | −1.09% | $9,891 | −6.71% |
| Apr 29 to Oct 3, 2011* | Tax-aware 60 | not published | not published | not published |
| Apr 29 to Oct 3, 2011* | Factor 60 | not published | not published | not published |
| Apr 29 to Oct 3, 2011* | Income 60 | not published | not published | not published |
| Apr 29 to Oct 3, 2011* | Tactical 60 | −6.00% | $9,400 | −10.84% |
| Apr 29 to Oct 3, 2011* | Thematic 60 | −12.59% | $8,741 | −12.79% |
| Apr 29 to Oct 3, 2011* | Strategic 60 | −13.00% | $8,700 | −13.00% |
| Apr 14 to Jun 7, 2010* | Tax-aware 60 | not published | not published | not published |
| Apr 14 to Jun 7, 2010* | Factor 60 | not published | not published | not published |
| Apr 14 to Jun 7, 2010* | Income 60 | not published | not published | not published |
| Apr 14 to Jun 7, 2010* | Tactical 60 | not published | not published | not published |
| Apr 14 to Jun 7, 2010* | Thematic 60 | not published | not published | not published |
| Apr 14 to Jun 7, 2010* | Strategic 60 | −9.18% | $9,082 | −9.18% |
| Jan 11 to Feb 8, 2010* | Tax-aware 60 | not published | not published | not published |
| Jan 11 to Feb 8, 2010* | Factor 60 | not published | not published | not published |
| Jan 11 to Feb 8, 2010* | Income 60 | not published | not published | not published |
| Jan 11 to Feb 8, 2010* | Tactical 60 | not published | not published | not published |
| Jan 11 to Feb 8, 2010* | Thematic 60 | not published | not published | not published |
| Jan 11 to Feb 8, 2010* | Strategic 60 | −6.05% | $9,395 | −6.21% |

### Questions people ask

What does this page compare? The six ETFIQ benchmarks that hold 60% stocks: Tax-aware 60, Factor 60, Income 60, Tactical 60 and Thematic 60, and Strategic 60 as the reference. Each is a written rule over broad, low-cost ETFs; none is a fund or a recommendation. Why is Strategic 60 the reference? ETFIQ measures every benchmark outside the strategic family against ETFIQ Strategic at the same stock share, so beta, the captures and the difference in return on each benchmark’s own page are against Strategic 60. How is the overlap measured? For each pair, the weight the two hold in the same securities: for every security both hold through their funds’ published books, the smaller of its two shares, added up. A holding with no security id cannot be matched, so the figure is a floor. Why are the returns hypothetical? ETFIQ froze the rules 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. 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 .

### Where these figures came from

### Where to next

ETFIQ 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.

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Six ETFIQ benchmarks at 60% stocks, compared, data as of Oct 7, 2026. https://etfiq.com/ models/ compare/ moderate/
Licence: https://etfiq.com/license/ Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
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