Bernstein's No Brainer and Smart Money Portfolios Reviewed
10/08/2010 0 comments
Annual returns | 1 year | 3 years | 5 years |
Bernstein No Brainer | 10 | -1 | 4 |
Bernstein Tactical Asset Allocation |
-3 | 0 | 6 |
Four SIB Strategic Asset Allocation |
14 | -1 | 5 |
Three SIB Strategic Asset Allocation | 8 | -4 | 4 |
Three SIB Tactical Asset Allocation | -5 | 0 | 6 |
The Bernstein no-brainer tracks very closely with the four asset SIB. It’s interesting to note that the three asset Bernstein tracks closer to the four asset SIB than expected. So as a lazy portfolio, it performs satisfactorily. Year to date, however, the four asset SIB has better performance.
Annual returns | 1 year | 3 years | 5 years |
Smart Money | 10 | -1 | 4 |
Smart Money Tactical Asset Allocation | -3 | 0 | 6 |
Five SIB Strategic Asset Allocation |
14 | -1 | 5 |
Five SIB Tactical Asset Allocation | 8 | -4 | 4 |
Four SIB Tactical Asset Allocation |
-5 | 0 | 6 |
Although the smart money portfolio has five asset classes, international, emerging markets and real estate are so under-weighted that they act as if they are a single class so, again, it’s more like a three asset class portfolio. The five asset SIB with strategic asset allocation has similar behavioral properties but clearly delivers better results based on superior diversification.
Annual returns | 1 year | 3 years | 5 years |
Bernstein No Brainer | 10 | -1 | 4 |
Bernstein Smart Money | 10 | -1 | 4 |
They are remarkably close to each other full comparison
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