LAA (Lethargic Asset Allocation) Tactical Asset Allocation Strategy

Low-maintenance allocation with a permanent 75% core (value stocks, gold, bonds) plus a 25% growth sleeve. The growth sleeve rotates to cash only when both unemployment rises and equities trend below their SMA. Monthly rebalancing.

Backtest Performance (1992-11-30 to 2026-04-07)

MetricLAA (Lethargic Asset Allocation)
Compound Annual Growth Rate (CAGR)10.8%
Maximum Drawdown-19.4%
Sharpe Ratio1.08
Sortino Ratio1.47
Annualized Volatility10.0%
Calmar Ratio0.56
Total Return2969.2%
Backtest Period33.4 years

Strategy Details

Type
Tactical (TAA)
Rebalancing
monthly
Risk Level
moderate
Variants
1
Author
Wouter J. Keller

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