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mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.008770292693888225, "alpha_t_5y": -0.943140546345446, "alpha_t_full": -0.943140546345446, "r2_5y": 0.9784114996141643, "alpha_pos_frac": 0.55}, "aaetx": {"name": "American Funds 2030 Target Date Retirement Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.08526182139835403, "ivv": 0.25306648336432047, "iwm": 0.027013020361012118, "efa": 0.10131984352090526, "vwo": 0.03622019185952967, "vnq": 0.005848054687031918, "bil": 0.37473853126711587, "shv": -0.5928347681891065, "ief": 0.06898229542880147, "tlt": -0.01423468652509013, "vblix": 0.026877044230621226, "agg": 0.014746985104588663, "vweax": 0.08218875253638028, "vmbix": 0.06050482536593989, "djp": -0.008454802755378438, "gsg": 0.013384297877741605, "gld": -0.0036046104766749, "fxe": 0.04203560627041533, "fxy": -0.0017241645463837204, "shy": 0.21097741686607965, "lqd": 0.013825028031670853, "hyg": -0.035262636891895245, "pff": 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(R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.053128733863620166, "alpha_t_5y": -2.055459709064311, "alpha_t_full": 3.3386946059257125, "r2_5y": 0.9332948806130833, "alpha_pos_frac": 0.47572815533980584}, "drevx": {"name": "BNY Mellon Large Cap Securities Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.09684390173526403, "ivv": 1.0410086286050029, "iwm": 0.03726299957611025, "efa": -0.00195083254689935, "vwo": 0.0004249574742719887, "vnq": -0.03349563850079963, "bil": -0.010072390384411921, "shv": 0.5136428090615022, "ief": -0.00018742190087820621, "tlt": 0.03609601005380432, "vblix": 0.06085586191849505, "agg": -0.025122251761118316, "vweax": -0.024776371975353713, "vmbix": -0.1086135101436611, "djp": 0.0068041359825971, "gsg": 0.004266657178906485, "gld": 0.0019484517426330073, "fxe": 0.010536075685356168, "fxy": -0.01936504640089558, "shy": 0.20730160863721298, "lqd": -0.04065405369564752, "hyg": 0.02638672918502927, "pff": 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"xlf": 0.02183441978993431, "xle": -0.012226266765505438, "xlv": 0.050924092948381364, "xlp": 0.05952624905685357, "xlu": 0.03523990555816921, "xly": -0.02080171769699113, "xlb": 0.01516841839258335, "dbb": -0.004871543131151096}, "r2": 0.9464563163298927, "alpha_ann": -0.01715238423331688, "alpha_t": -0.9455933300874572}, "corr_portfolio": 0.34464828061221303, "corr_benchmark": 0.5954258697915347, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.016264202963652805, "alpha_t_5y": -0.928088791612065, "alpha_t_full": 3.8070952671695144, "r2_5y": 0.9109487082610972, "alpha_pos_frac": 0.5201793721973094}, "evvcx": {"name": "The E-Valuator Very Conservative (0%-15%) RMS Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.03169510600761783, "ivv": 0.1656779252036842, "iwm": 0.04746412717542167, "efa": -0.006159486660466064, "vwo": -0.0076935978985750225, "vnq": -0.029709778647375146, "bil": 0.48696639597478963, "shv": 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(lucky stretch?)", "alpha_ann_5y": 0.017968907557328537, "alpha_t_5y": 4.953805480702568, "alpha_t_full": 6.593918541132724, "r2_5y": 0.19486995320211276, "alpha_pos_frac": 0.43986254295532645}, "exmax": {"name": "Eaton Vance Short Duration Municipal Opportunities Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.00936079035973409, "ivv": 0.0029200888389920468, "iwm": -0.0042316958212439875, "efa": -0.026737388341131797, "vwo": 0.011087598850929862, "vnq": 0.013336083105874487, "bil": 0.09812164525005743, "shv": 0.023005017821803576, "ief": 0.08089275847938636, "tlt": -0.009170916997730816, "vblix": 0.18286402650115172, "agg": 0.10158365771251923, "vweax": 0.12474877509790991, "vmbix": -0.07034670337783898, "djp": -0.0022100287810506514, "gsg": -0.0018568356182896812, "gld": 0.001570862806876284, "fxe": 0.015368785594430638, "fxy": 0.011981794929642416, "shy": -0.0773512559563581, "lqd": 0.0355904251005844, "hyg": -0.02739837731582571, "pff": 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alpha-driven", "alpha_ann_5y": -0.005148807099784053, "alpha_t_5y": -0.2575919490615838, "alpha_t_full": 0.456028762777593, "r2_5y": 0.9383477317614253, "alpha_pos_frac": 0.5215686274509804}, "fnmtx": {"name": "Nuveen New Mexico Municipal Bond Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.012687847978613708, "ivv": -0.020859070761854854, "iwm": -0.003968500993978274, "efa": -0.029986854600358628, "vwo": 0.014638354785293257, "vnq": 0.023601135002974352, "bil": -0.030402517306188325, "shv": 0.2813742147249882, "ief": 0.06487809181219188, "tlt": 0.008667593011491835, "vblix": 0.26373008404010145, "agg": 0.12403885109633471, "vweax": 0.1851770601659766, "vmbix": 0.0023096798057102965, "djp": -0.00238105063157946, "gsg": -0.0017680187039435355, "gld": 0.0007992871735717293, "fxe": 0.020029123809077825, "fxy": 0.021375230194121048, "shy": -0.14926379217893324, "lqd": 0.05214915253343543, "hyg": -0.0396678826228346, "pff": 0.027953419347308144, "emb": 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alpha-driven", "alpha_ann_5y": 0.0077336860392392855, "alpha_t_5y": 0.2696254713225273, "alpha_t_full": -0.5038136059809218, "r2_5y": 0.8620292199967541, "alpha_pos_frac": 0.5027027027027027}, "fsazx": {"name": "Fidelity Arizona Municipal Income Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.0180484471059575, "ivv": -0.0004639674825209288, "iwm": -0.006203346106546468, "efa": -0.028666415615957917, "vwo": 0.010888580435318918, "vnq": 0.022768575824745847, "bil": -0.041294115821427405, "shv": 0.3354540130919907, "ief": 0.03598473506530464, "tlt": 0.009236812581240164, "vblix": 0.2252353290938589, "agg": 0.14003623482731858, "vweax": 0.18592441729342363, "vmbix": -0.024142130803031847, "djp": -0.002341313770289588, "gsg": -0.0022323350479560426, "gld": 0.004245040600833194, "fxe": 0.017551410457148083, "fxy": 0.024442042749356067, "shy": -0.1119783152108284, "lqd": 0.08206076459982312, "hyg": -0.03369158825969511, "pff": 0.02689916441433797, "emb": 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idiosyncratic alpha, complements portfolio", "alpha_ann_5y": 0.02230574048438336, "alpha_t_5y": 2.570447332198512, "alpha_t_full": 2.1024169493998635, "r2_5y": 0.3681394333651793, "alpha_pos_frac": 0.5121951219512195}, "lrscx": {"name": "Small-Cap Value Series", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.11600947850620946, "ivv": -0.1358461537233346, "iwm": 0.7180813467806919, "efa": -0.00016606806121766503, "vwo": -0.027486606546296758, "vnq": 0.04400410231035971, "bil": -0.40868689887631476, "shv": -0.0045392075878066315, "ief": -0.11993029801864806, "tlt": -0.0028506879777638414, "vblix": -0.1143791777875717, "agg": 0.2272806914384259, "vweax": 0.07100493541295357, "vmbix": -0.1806906910112084, "djp": 0.013514983797725545, "gsg": -0.014892140973955416, "gld": -0.03019855911299124, "fxe": 0.017478549405462868, "fxy": -0.019587792799785706, "shy": 0.3143193244575852, "lqd": -0.03939770268447988, "hyg": -0.07003770365758127, "pff": 0.09377999789474901, 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(R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.03590444727760447, "alpha_t_5y": -2.2025170125460267, "alpha_t_full": 3.4241100404517124, "r2_5y": 0.9221801481442928, "alpha_pos_frac": 0.48760330578512395}, "lsyux": {"name": "Lord Abbett Short Duration High Yield Fund", "local": false, "alpha_name": false, "full": {"n": 1591, "betas": {"qqq": -0.015610417082352078, "ivv": 0.06120643952502258, "iwm": 0.009619250488909542, "efa": 0.006322248380427151, "vwo": 0.013063592163348637, "vnq": -0.002728235339775835, "bil": 0.2099399882474405, "shv": -0.004905164969636953, "ief": -0.06573965882985887, "tlt": 0.050162325504976804, "vblix": 0.4240265587696153, "agg": 0.14172949480577554, "vweax": 0.6218420464258316, "vmbix": -0.09121117339532686, "djp": -0.007306914082631516, "gsg": 0.006690784228724725, "gld": 0.00730498029723037, "fxe": -0.028144017062636625, "fxy": 0.00016577941734419866, "shy": 0.07659019915141504, "lqd": -0.15452379385039294, "hyg": 0.002010507346805808, "pff": 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not alpha-driven", "alpha_ann_5y": -0.010089537781970703, "alpha_t_5y": -1.0210915580912714, "alpha_t_full": -0.4763945726515382, "r2_5y": 0.9716000473204144, "alpha_pos_frac": 0.4864864864864865}, "mfpax": {"name": "MFS Pennsylvania Municipal Bond Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.011959970900159368, "ivv": -0.019123215649619548, "iwm": -0.004081445123414324, "efa": -0.026690259545882035, "vwo": 0.012714112668493295, "vnq": 0.02062133133340274, "bil": -0.04100702324148501, "shv": 0.39030232719497476, "ief": 0.02219365910344779, "tlt": 0.008476722221024975, "vblix": 0.27346069562304437, "agg": 0.1738468941455102, "vweax": 0.20868305322749423, "vmbix": -0.0016378699236313788, "djp": 0.0024320761818744418, "gsg": -0.0030651877069995206, "gld": 0.0019796954118097973, "fxe": 0.016636953207660562, "fxy": 0.01888219725704952, "shy": -0.09926564136507106, "lqd": 0.06799341340169465, "hyg": -0.039774646775584586, "pff": 0.02751785680368799, 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Rowe Price Target 2045 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.027012295191802344, "ivv": 0.41757489363487926, "iwm": 0.11073892352201707, "efa": 0.16906810205652414, "vwo": 0.041030063829775955, "vnq": 0.019709732753321337, "bil": -1.0083766335497213, "shv": 0.9125880528094668, "ief": 0.31560029174312865, "tlt": 0.17670839979246783, "vblix": -0.20338351137436358, "agg": -1.1501754251509024, "vweax": 0.16640612983179198, "vmbix": 0.18582436863184063, "djp": -0.001518817663651744, "gsg": 0.0026857595480780446, "gld": 0.019180759596984967, "fxe": 0.042471246156433315, "fxy": 0.003175821440465765, "shy": 0.2887330729936529, "lqd": -0.02105714475119442, "hyg": 0.08037974373772307, "pff": -0.004643401804660249, "emb": 0.09151456765180299, "tip": -0.014244677329777166, "vtv": -0.10081603829170219, "xlk": -0.028815358147498034, "xlf": -0.02121437752552279, "xle": 0.01646340053512299, "xlv": 0.028701008601127995, "xlp": -0.08028401681857898, "xlu": 0.009778161498854156, "xly": 0.02659173384198416, "xlb": 0.06280592500676731, "dbmf": -0.008152563099871883, "dbb": -0.0023962037000967336}, "r2": 0.9271969880774079, "alpha_ann": 0.0038145849480378797, "alpha_t": 0.19917003024822771}, "rec5": {"n": 1416, "betas": {"qqq": 0.06311785614009077, "ivv": 0.3600114187971273, "iwm": 0.08776984821177584, "efa": 0.1735469202057154, "vwo": 0.07284098605118551, "vnq": 0.021194379533794883, "bil": -0.07194845359601601, "shv": 0.5836557979474297, "ief": 0.02733412729625443, "tlt": 0.023249925874816682, "vblix": 0.07879002502888414, "agg": -0.06813996907870638, "vweax": 0.05865166210353883, "vmbix": 0.0597882481546931, "djp": -0.007350178857789356, "gsg": 0.0066465253802104095, "gld": 0.013655840505175394, "fxe": 0.013694462271440475, "fxy": -0.016381594424768924, "shy": -0.07474821566214038, "lqd": 0.026552471692158026, "hyg": -0.008640690142088582, "pff": -0.022003964503545623, "emb": -0.005186407598311915, "tip": 0.004952482890500276, "vtv": -0.008483370093489428, "xlk": -0.0035557431755671265, "xlf": 0.00518820179681748, "xle": 0.007549856199360158, "xlv": 0.015292189335701619, "xlp": -0.0026478898795528785, "xlu": -0.004050395759921457, "xly": -0.009069605163108979, "xlb": 0.02856947645761004, "dbmf": 0.004826231849182714, "dbb": -0.0019244115523622402}, "r2": 0.9699625531527439, "alpha_ann": -0.0295966086159089, "alpha_t": -2.260833588013114}, "corr_portfolio": 0.1920931357420296, "corr_benchmark": 0.4106407436212837, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.01227340014217768, "alpha_t_5y": -1.2180134429300506, "alpha_t_full": 1.7785902722084501, "r2_5y": 0.9684745783194038, "alpha_pos_frac": 0.06}, "pafmx": {"name": "Putnam Retirement Advantage 2045 Fund", "local": true, "alpha_name": false, "full": {"n": 1668, "betas": {"qqq": 0.06717485208908189, "ivv": 0.46802514229144704, "iwm": 0.06492173647860688, "efa": 0.127265000644745, "vwo": 0.04693933632161828, "vnq": -0.011827468265791105, "bil": 0.6353092735415725, "shv": 0.006357454319594472, "ief": 0.08328277976568693, "tlt": 0.010895420211646517, "vblix": 0.013903558618847008, "agg": 0.025374582267929692, "vweax": 0.12394459247950515, "vmbix": -0.07968503698126955, "djp": -0.005956475570344332, "gsg": 0.011828882174604463, "gld": -0.004677014556043218, "fxe": 0.01952651214884393, "fxy": 0.010544632191361139, "shy": 0.06315859564894348, "lqd": 0.022542639293936392, "hyg": -0.020630365795456997, "pff": -4.908276444814914e-05, "emb": -0.015411360683398129, "tip": 0.0007440432732387568, "vtv": -0.007652490982022077, "xlk": -0.008371160864995484, "xlf": 0.026615457605609048, "xle": -0.00014132950011778978, "xlv": 0.004275104797402429, "xlp": -0.027368336324974707, "xlu": -0.00215183678671545, "xly": -0.007421123083106426, "xlb": 0.004947516441885673, "dbmf": 0.010453199142368953, "dbb": 0.0035648484396333044}, "r2": 0.9641360345188164, "alpha_ann": -0.011896212313526168, "alpha_t": -0.8106078379602951}, "rec5": {"n": 1416, "betas": {"qqq": 0.09709170399951411, "ivv": 0.44937063807244726, "iwm": 0.05776125142870209, "efa": 0.1274178301985776, "vwo": 0.049228085477777093, "vnq": -0.015021669771765028, "bil": 0.8909385566910554, "shv": -0.16014313435303731, "ief": 0.1366091273390695, "tlt": 0.0035442370612303545, "vblix": 0.04528665595536311, "agg": -0.09033177331522092, "vweax": 0.08492424944097055, "vmbix": 0.04118435238305991, "djp": -0.01245700823909045, "gsg": 0.01830108244900847, "gld": -5.829046620204123e-05, "fxe": 0.014547412071047441, "fxy": -0.0047532300041333245, "shy": 0.027104775035781598, "lqd": -0.0004930887061486822, "hyg": -0.07622697074112167, "pff": 0.016877104738682102, "emb": 0.0059766926209937395, "tip": -0.015058357288743822, "vtv": 0.004376243314844609, "xlk": -0.016366762390658103, "xlf": 0.03165233512856386, "xle": 0.000652000949415568, "xlv": 0.00883186970724557, "xlp": -0.023564041692925614, "xlu": -0.006111978385931136, "xly": -0.013042725137194393, "xlb": 0.012472566204650017, "dbmf": 0.0032830208877420025, "dbb": 0.003165716972997182}, "r2": 0.9634340506078479, "alpha_ann": -0.015055505932889547, "alpha_t": -1.0635143353599745}, "corr_portfolio": 0.2552308453591416, "corr_benchmark": 0.684143261006678, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.010225650145875264, "alpha_t_5y": 0.9303034691694104, "alpha_t_full": 0.8398405256207017, "r2_5y": 0.9608264248558164, "alpha_pos_frac": 0.5}, "pajrx": {"name": "T. Rowe Price Target 2025 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.0009417041147112698, "ivv": 0.23977352625300394, "iwm": 0.05680069704974225, "efa": 0.07996003253638771, "vwo": 0.029791408116675255, "vnq": 0.017020113230416904, "bil": -0.5057961363076574, "shv": 0.2929383621728387, "ief": 0.2597502486745356, "tlt": 0.08711244554647164, "vblix": -0.09831258844884432, "agg": -0.7104003592096612, "vweax": 0.14616151940016694, "vmbix": 0.17240299112035204, "djp": 0.002802483025871835, "gsg": 0.00012513973453572315, "gld": 0.009657234752519048, "fxe": 0.01324329385241794, "fxy": 0.014946658662528322, "shy": 0.17251007529281948, "lqd": -0.018318178433647844, "hyg": 0.08879060597672916, "pff": 0.0005150535859634164, "emb": 0.0814592577845197, "tip": 0.04538035980025822, "vtv": -0.05701653889833749, "xlk": -0.015602730819643846, "xlf": -0.012761130962106761, "xle": 0.01797674912405791, "xlv": 0.024728104235155517, "xlp": -0.040436507096823546, "xlu": 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-0.013816978289977397, "xlk": -0.008808011746138997, "xlf": 0.011940668626671556, "xle": 0.007066834046644198, "xlv": 0.008042574271021419, "xlp": 0.003755167779695937, "xlu": -0.00354455782252832, "xly": -0.005840611958589981, "xlb": 0.014392215068428867, "dbmf": 0.009404631042975207, "dbb": -0.0014818522973488492}, "r2": 0.9616733334058677, "alpha_ann": -0.014627593761028334, "alpha_t": -1.7258086974663778}, "corr_portfolio": 0.30150612291698736, "corr_benchmark": 0.6518583036205818, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.00332002383087611, "alpha_t_5y": -0.48389648610656616, "alpha_t_full": 0.3022123652308795, "r2_5y": 0.9554622276510547, "alpha_pos_frac": 0.54}, "pamfx": {"name": "Federated Hermes Pennsylvania Municipal Income Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.016537458792141302, "ivv": -0.011465548894400377, "iwm": -0.00527509350236883, "efa": -0.017179971715079814, "vwo": 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1416, "betas": {"qqq": -0.010898081382482928, "ivv": -0.03684129692473471, "iwm": -0.00042910075819199933, "efa": 0.005440220451255727, "vwo": 0.011606842423791872, "vnq": 0.0279930299066637, "bil": -0.021747071608016203, "shv": 0.6601296714627742, "ief": 0.03826506212395484, "tlt": 0.015982485782245294, "vblix": 0.060936715104078214, "agg": 0.18297361530649275, "vweax": 0.27540590206921095, "vmbix": 0.09435416070693117, "djp": -0.008914311320451174, "gsg": 0.00864326394178612, "gld": 0.0035548823629215297, "fxe": 0.00565268028901031, "fxy": 0.008481715268507864, "shy": -0.24134429194487336, "lqd": -0.038126609018254626, "hyg": -0.06861996969448662, "pff": 0.01964999348708051, "emb": -0.038287638981966875, "tip": -0.05714534732794432, "vtv": 0.02149689651217043, "xlk": 0.011345507995303485, "xlf": -0.022602582406214974, "xle": -0.007201805382225481, "xlv": -0.005310674860199867, "xlp": 0.007507729374895356, "xlu": 0.0057028698928712545, "xly": 0.009512001467347167, "xlb": 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Rowe Price Retirement 2065 Fund", "local": false, "alpha_name": false, "full": {"n": 1469, "betas": {"qqq": 0.03480909696601181, "ivv": 0.45513774974051824, "iwm": 0.09288626581580817, "efa": 0.2019692503839377, "vwo": 0.0845453406149688, "vnq": 0.018568000189309146, "bil": -0.04021647262072715, "shv": 0.6003422746194033, "ief": 0.023547885424288206, "tlt": 0.012189958990992665, "vblix": 0.0860394624283515, "agg": -0.08827086832439081, "vweax": 0.04312054130297287, "vmbix": 0.04499876816824482, "djp": -0.009814819378541681, "gsg": 0.007627275809312259, "gld": 0.017844675087227358, "fxe": 0.003943230780909461, "fxy": -0.015741406121305857, "shy": -0.052085342775988155, "lqd": 0.03730966825255432, "hyg": -0.003391611483585724, "pff": -0.02366496034961779, "emb": -0.02181909830765867, "tip": -0.0016035438879857412, "vtv": 0.0036188060514644018, "xlk": 0.004599263907520887, "xlf": -0.004150693014584001, "xle": 0.008023624724884116, "xlv": 0.012254206351853777, "xlp": -0.009930309295482732, "xlu": -0.004890273088147832, "xly": -0.0052412275592681155, "xlb": 0.028824244222331145, "dbmf": 0.012737148033516887, "dbb": -0.0015257883532206196}, "r2": 0.9706630549428419, "alpha_ann": -0.02887644757805966, "alpha_t": -2.05607677353979}, "rec5": {"n": 1416, "betas": {"qqq": 0.03713925756364053, "ivv": 0.4540458718082348, "iwm": 0.09371861077998396, "efa": 0.20397061143851647, "vwo": 0.08391743064500051, "vnq": 0.019397319983274285, "bil": 0.009338233221861846, "shv": 0.6029007311525698, "ief": 0.02332964180250657, "tlt": 0.016792190465543904, "vblix": 0.08756140629769084, "agg": -0.1160021616285347, "vweax": 0.04350489285503444, "vmbix": 0.05244237346044114, "djp": -0.008798764712777006, "gsg": 0.006752233881306095, "gld": 0.01846095122742841, "fxe": 0.0027640321917116917, "fxy": -0.017398539397031353, "shy": -0.03799281253605321, "lqd": 0.041583347893279644, "hyg": -0.002860249540591087, "pff": -0.02593110132067394, "emb": -0.021999681508156864, "tip": -0.0009978076058692897, "vtv": 0.005079199027772101, "xlk": 0.003064100609428148, "xlf": -0.004656152143438765, "xle": 0.007683869508248325, "xlv": 0.011286811348609253, "xlp": -0.010896210727215987, "xlu": -0.004918547773237776, "xly": -0.006164499304039672, "xlb": 0.027665523734304608, "dbmf": 0.01180170754359379, "dbb": -0.0016841021655118957}, "r2": 0.9700656576399207, "alpha_ann": -0.033428090765484655, "alpha_t": -2.2805489809970454}, "corr_portfolio": 0.1435986409014807, "corr_benchmark": 0.6732456264384227, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.014199624350127915, "alpha_t_5y": -1.2686963849143098, "alpha_t_full": -1.149470413074661, "r2_5y": 0.9691018780661653, "alpha_pos_frac": 0.546875}, "paxhx": {"name": "Impax High Yield Bond Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.0023155988408836564, "ivv": 0.003910327187659638, "iwm": 0.004616108568262184, "efa": 0.010351699122775096, "vwo": -0.006733110823628232, "vnq": -0.004928784625167155, "bil": 0.08235310848313443, "shv": 0.16025333474553255, "ief": -0.011801773699831226, "tlt": 0.050315142945769775, "vblix": 0.2202760517244856, "agg": -0.09363702704532363, "vweax": 0.763138361866046, "vmbix": 0.021952592272090374, "djp": 0.00251127577021635, "gsg": -0.0012839352247028097, "gld": -0.004342767229690066, "fxe": 0.0032313250323086863, "fxy": 0.00369473316612463, "shy": 0.06210973612177473, "lqd": -0.05440797581034669, "hyg": 0.03319072598673597, "pff": 0.030195640488350956, "emb": -0.004827086810777356, "tip": 0.007892344971153513, "vtv": 0.013279714712527176, "xlk": 0.002864034299477004, "xlf": -0.005515824526122477, "xle": -0.002604174724990413, "xlv": -0.004316286880116896, "xlp": -0.013647032683616984, "xlu": 0.0006407547955710863, "xly": 0.0073339547507234315, "xlb": 0.009155472880490633, "dbb": 0.002485622640944876}, "r2": 0.8535675184913993, "alpha_ann": -0.005430910542274668, "alpha_t": -1.021379139641478}, "rec5": {"n": 1416, "betas": {"qqq": -0.0057932799028898654, "ivv": 0.0023182157200951157, "iwm": -0.005234282618478466, "efa": 0.007697295731899385, "vwo": -0.004018846598050077, "vnq": 0.0021246311346428824, "bil": 0.8041667514370485, "shv": -0.49468188400244145, "ief": 0.0003785672789804989, "tlt": 0.03991015371966637, "vblix": 0.24786239692292109, "agg": 0.09658750041042517, "vweax": 0.7945631709127589, "vmbix": -0.05983707711545264, "djp": 0.002578111889389461, "gsg": -0.002801424006353392, "gld": -0.004245408761888234, "fxe": -0.0032751716161070503, "fxy": 0.013752363172927934, "shy": -0.11596701394430442, "lqd": -0.13809787665599627, "hyg": 0.07130031527041227, "pff": 0.03281103660142996, "emb": 0.008808976752822101, "tip": 0.02572508080203892, "vtv": 0.02782504691938564, "xlk": 0.009568170537033465, "xlf": -0.0034709092544335674, "xle": -0.0022959640969891395, "xlv": -0.008897478296191813, "xlp": -0.011289429542664972, "xlu": -0.004314090197102247, "xly": 0.003980764834008204, "xlb": 0.011307216870139674, "dbb": -0.0008017383029718453}, "r2": 0.8690740610157249, "alpha_ann": -0.014515357906141132, "alpha_t": -1.4261608706134685}, "corr_portfolio": 0.28935698848359653, "corr_benchmark": 0.4475340765013552, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.012395041071125854, "alpha_t_5y": -1.5488176887273055, "alpha_t_full": 0.6973188626004404, "r2_5y": 0.8557277050779756, "alpha_pos_frac": 0.5964125560538116}, "paxwx": {"name": "Impax Sustainable Allocation Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.04022791800333281, "ivv": 0.3242294634702671, "iwm": 0.049854711952790204, "efa": 0.09177866117536454, "vwo": 0.010563219205091035, "vnq": 0.01563986343857448, "bil": -0.5127057883444256, "shv": 0.2074400939046375, "ief": 0.012439209334843644, "tlt": 0.04660503091985911, "vblix": 0.020459169231464833, "agg": 0.023690807414062025, "vweax": 0.052400107444029, "vmbix": 0.05965334193059727, "djp": -0.014919289271663359, "gsg": 0.007081327778044846, "gld": 0.005985870431063784, "fxe": 0.023435394020239177, "fxy": -0.0002056004027535296, "shy": 0.39753850734160956, "lqd": -0.008670581564306305, "hyg": 0.02846849687192297, "pff": -0.018127516891320587, "emb": -0.016293854830445976, "tip": -0.030447331604532602, "vtv": 0.04131128257376516, "xlk": -0.0034520493137813, "xlf": 0.017869467210818786, "xle": -0.015289043811648306, "xlv": 0.022145422411893396, "xlp": -0.008255403689347348, "xlu": -0.011507703137638122, "xly": -0.002570061637860596, "xlb": 0.03445567859035431, "dbb": 0.0017602877297547299}, "r2": 0.9535993774920575, "alpha_ann": -0.009277445827515452, "alpha_t": -1.4236105637743806}, "rec5": {"n": 1416, "betas": {"qqq": -0.09286037806979491, "ivv": 0.4061786630718553, "iwm": 0.05525227249332463, "efa": 0.0931565480935634, "vwo": 0.000677597286249491, "vnq": 0.010934296351828231, "bil": -0.48862623970160024, "shv": 0.17599867778163733, "ief": 0.053621826966853664, "tlt": 0.0074506465031246, "vblix": -0.01527180562032764, "agg": 0.08543079703979127, "vweax": 0.14716282546156495, "vmbix": 0.04230730708719518, "djp": -0.0004442418536298334, "gsg": -0.007768808114286845, "gld": 0.003979859591303823, "fxe": 0.02390383612363483, "fxy": 0.006621006956552444, "shy": 0.06780015425213548, "lqd": 0.02691173000128435, "hyg": -0.005779271641546741, "pff": -0.0016489264018826728, "emb": -0.005065229930870037, "tip": 0.007249463328534294, "vtv": 0.007556835725906049, "xlk": 0.06294819597000008, "xlf": 0.012943136145285562, "xle": -0.02444438212489149, "xlv": 0.027966232724011206, "xlp": -0.0027129270058989636, "xlu": -0.008074289890841689, "xly": 0.004778338814788669, "xlb": 0.025527351533084653, "dbb": -0.006274789918540071}, "r2": 0.944281654428036, "alpha_ann": -0.009499705997942656, "alpha_t": -0.6727735907536664}, "corr_portfolio": 0.2835793123347549, "corr_benchmark": 0.7058211707676609, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.018352610657320738, "alpha_t_5y": -1.6465036968152327, "alpha_t_full": 4.140771972755035, "r2_5y": 0.9385809366148687, "alpha_pos_frac": 0.5574468085106383}, "pazlx": {"name": "T. Rowe Price Target 2065 Fund", "local": false, "alpha_name": false, "full": {"n": 1469, "betas": {"qqq": 0.05017243492002854, "ivv": 0.4453563595170912, "iwm": 0.09143095457283393, "efa": 0.20512776123645007, "vwo": 0.08196917791651157, "vnq": 0.019619980567922534, "bil": 0.027909304923343568, "shv": 0.460762229843782, "ief": 0.027805279114553567, "tlt": 0.020073515116669285, "vblix": 0.09448112809969528, "agg": -0.10717557222179543, "vweax": 0.039557097348511636, "vmbix": 0.04312376683919368, "djp": -0.013093485457548786, "gsg": 0.010559105609239103, "gld": 0.0181218391635885, "fxe": 0.006016556412197915, "fxy": -0.014954068405575383, "shy": -0.046245075212373705, "lqd": 0.025335339227506807, "hyg": -0.0020642080802892953, "pff": -0.026524061853000082, "emb": -0.017708562425722496, "tip": 0.005096265341901662, "vtv": 0.017799246871805563, "xlk": -0.00450359566010766, "xlf": -0.0033500281314084524, "xle": 0.005052664311314827, "xlv": 0.008379693127898942, "xlp": -0.012430128746305516, "xlu": -0.005861422843117834, "xly": -0.007344081003004439, "xlb": 0.03044359981608305, "dbmf": 0.01158336006549891, "dbb": -0.00204551876276058}, "r2": 0.9705959290827493, "alpha_ann": -0.026356935289498375, "alpha_t": -1.8775180875270896}, "rec5": {"n": 1416, "betas": {"qqq": 0.05033149113558105, "ivv": 0.4473578675609562, "iwm": 0.09157173401727142, "efa": 0.20760829184023893, "vwo": 0.08057101020347023, "vnq": 0.02038574302199088, "bil": 0.0862992723612248, "shv": 0.4422227060105038, "ief": 0.024602533128727882, "tlt": 0.02432171692358414, "vblix": 0.09556522806641371, "agg": -0.14035356891054745, "vweax": 0.0401765017081416, "vmbix": 0.05284447520716802, "djp": -0.011974760851825219, "gsg": 0.009788100618866674, "gld": 0.019071683362778247, "fxe": 0.004516134835895552, "fxy": -0.01692603790116921, "shy": -0.024963547560990923, "lqd": 0.033874184358928486, "hyg": -0.0018594537663704372, "pff": -0.027958306642873968, "emb": -0.018372800625060012, "tip": 0.005789767523025556, "vtv": 0.022576746729942886, "xlk": -0.006008500921590543, "xlf": -0.0055949619596686465, "xle": 0.004050371800575387, "xlv": 0.006187241121884109, "xlp": -0.013484969086037815, "xlu": -0.006384484919104682, "xly": -0.007605941191502957, "xlb": 0.028924449547524864, "dbmf": 0.009893389449143086, "dbb": -0.0024349918432619994}, "r2": 0.9700198195751448, "alpha_ann": -0.030626381422584805, "alpha_t": -2.0917050558306527}, "corr_portfolio": 0.14345644844421257, "corr_benchmark": 0.6735941866233561, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.014310525141066675, "alpha_t_5y": -1.2769221995118432, "alpha_t_full": -1.1451677976752883, "r2_5y": 0.968904581895168, "alpha_pos_frac": 0.546875}, "pbaix": {"name": "BLACKROCK TACTICAL OPPORTUNITIES FUND", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.09966345708771679, "ivv": 0.016544706474255936, "iwm": 0.03606394043499161, "efa": 0.15159244745238115, "vwo": 0.052041837315623556, "vnq": 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-0.08586694448060861, "ivv": 0.003166634727150851, "iwm": 0.03327833210851076, "efa": 0.04800563787727433, "vwo": 0.0429810141810502, "vnq": -0.06967904934832435, "bil": -0.2752561059960835, "shv": 1.6088128286070549, "ief": 0.16336436673843888, "tlt": -0.14026908612216982, "vblix": 0.044816695728269955, "agg": 0.012315710225328286, "vweax": -0.10542223179023182, "vmbix": -0.009863247998105555, "djp": 0.0476962602556947, "gsg": -0.017287945181876076, "gld": -0.006125705877586469, "fxe": 0.0211621198807546, "fxy": -0.023238235191036887, "shy": -0.6398690313231772, "lqd": -0.10001439853283452, "hyg": 0.09276678096863482, "pff": 0.018090476505598037, "emb": 0.015927195263508522, "tip": 0.0756239531293246, "vtv": 0.04293793249715556, "xlk": 0.05017688691485665, "xlf": 0.024401534838029114, "xle": -0.009572210974871877, "xlv": -0.010451512599360661, "xlp": -0.012341714412309905, "xlu": 0.024856060352799653, "xly": 0.019683402664250973, "xlb": -0.0019991573498400633, "dbb": 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not alpha-driven", "alpha_ann_5y": 0.006793787554806139, "alpha_t_5y": 0.6457535508190279, "alpha_t_full": 0.754847667460761, "r2_5y": 0.9574098716233309, "alpha_pos_frac": 0.4864864864864865}, "pbbbx": {"name": "PIA BBB Bond Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.019254974592381287, "ivv": 0.08952946851892091, "iwm": 0.0036155425007437757, "efa": -0.014015507546588738, "vwo": -0.002821078998766464, "vnq": -0.0025001068460179317, "bil": -0.014945474459515714, "shv": -0.0052105258699259435, "ief": 0.31842809501009606, "tlt": 0.1250213814824951, "vblix": 0.4784912620645136, "agg": 0.06409192454296682, "vweax": 0.20274254493280075, "vmbix": -0.03010910825413417, "djp": -0.003650038288218423, "gsg": 0.006181015797123224, "gld": 0.002467466325118814, "fxe": 0.030587405876839096, "fxy": 0.013930765634862705, "shy": -0.11534851445263276, "lqd": 0.08031683994733697, "hyg": 0.02356465486211144, "pff": 0.01839707285407876, "emb": 0.04424454674712075, 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INCOME FUND", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.004519178204941639, "ivv": -0.012728957107240145, "iwm": -0.004216171463941813, "efa": -0.03111501972584522, "vwo": 0.013030191386399992, "vnq": 0.016767519122435987, "bil": -0.1319782770706021, "shv": 0.2553736087837076, "ief": 0.058369981583535194, "tlt": -0.002688649514010457, "vblix": 0.23540623293070323, "agg": 0.10308006755549544, "vweax": 0.18859453425218609, "vmbix": -0.09969704403456851, "djp": 0.003767982476242468, "gsg": -0.005942754420016921, "gld": -0.0011841747164644599, "fxe": 0.02437430696791882, "fxy": 0.022770412969776947, "shy": -0.14671229472085712, "lqd": 0.0659050025854377, "hyg": -0.026884544766913987, "pff": 0.02848110145639728, "emb": -0.04444452126251166, "tip": -0.01446486916011345, "vtv": 0.10090056053059134, "xlk": -0.0010320866924982627, "xlf": -0.04636951075425222, "xle": -0.011858881012359986, "xlv": -0.0126540699851472, "xlp": 0.005562303919107768, "xlu": 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Rowe Price QM U.S. Bond Index Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.009074794094479473, "ivv": 0.031191176116641472, "iwm": 0.003085042968534154, "efa": -0.001960486482522863, "vwo": 0.0014528293832092407, "vnq": 0.002955187970131144, "bil": -0.16602648360975072, "shv": -0.05133010700168911, "ief": 0.18517296489355883, "tlt": 0.14943719889542398, "vblix": 0.30331703272974725, "agg": -0.0716560714136957, "vweax": 0.09023626814043396, "vmbix": 0.24545006577648562, "djp": -0.00359035325786023, "gsg": 3.306246453555786e-06, "gld": 0.000949144968900075, "fxe": 0.0011602327194005972, "fxy": 0.00015322583516885958, "shy": 0.561000011403175, "lqd": -0.03066330825055304, "hyg": -0.003446688376142334, "pff": -0.0120474536835648, "emb": -0.0009296927485573485, "tip": -0.012731348694621296, "vtv": -0.008038908363881088, "xlk": -0.013714750421695692, "xlf": -0.0016056415960966901, "xle": 0.00019514063479647467, "xlv": -0.000781331709689882, "xlp": 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-0.011001634761301629, "vtv": -0.015398292996732118, "xlk": 0.00319787166806051, "xlf": 0.0020255068339166075, "xle": 0.0026169455303769, "xlv": -0.0005979760489198332, "xlp": 0.0033646386319741766, "xlu": -7.637958755037246e-05, "xly": -0.0014465763149136219, "xlb": 0.0019710134400492503, "dbb": 0.0007479746427518962}, "r2": 0.9739211389425412, "alpha_ann": 0.0063735690838852025, "alpha_t": 1.2099225170853196}, "corr_portfolio": -0.12067708726934477, "corr_benchmark": 0.6643800803842884, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.0034540226158731534, "alpha_t_5y": 0.7593426315458411, "alpha_t_full": -0.052996404742555785, "r2_5y": 0.9656150124307087, "alpha_pos_frac": 0.5028901734104047}, "pbqax": {"name": "PGIM Jennison Blend Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.19224285123108897, "ivv": 0.3860510731913054, "iwm": 0.3358037453168939, "efa": 0.040614713887572325, "vwo": 0.017442082271065425, "vnq": 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Rowe Price Institutional Mid-Cap Equity Growth Fund", "local": true, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.0538798790270294, "ivv": 0.13401975493685606, "iwm": 0.3001012053074646, "efa": 0.01266477168528031, "vwo": 0.013126418019824396, "vnq": 0.03219066626143459, "bil": -0.006141373894832459, "shv": 0.288633668855042, "ief": -0.10099946589604805, "tlt": 0.046133508378255784, "vblix": 0.035482351638720995, "agg": 0.0012774386292552042, "vweax": 0.01510628893499053, "vmbix": -0.07456678288681219, "djp": -0.007741958693297781, "gsg": 0.012982927174483613, "gld": -0.0158395587812816, "fxe": 0.030999101868549074, "fxy": -0.02955100222470281, "shy": 0.22742560001629622, "lqd": 0.013711890373841922, "hyg": 0.034712376419800205, "pff": 0.06206586782083827, "emb": 0.006181436192038369, "tip": -0.031496705751702186, "vtv": -0.1665585278438418, "xlk": 0.08900953921673148, "xlf": 0.024826141430483718, "xle": -0.01234920462999003, "xlv": 0.18877627106788497, "xlp": -0.013488683808991772, "xlu": -0.004087973238376465, "xly": 0.12370480408189627, "xlb": 0.13933836038116013, "dbb": -0.009148357796804361}, "r2": 0.9289979563573635, "alpha_ann": -0.01675591320218811, "alpha_t": -1.2061543593317519}, "rec5": {"n": 1416, "betas": {"qqq": 0.30803805929152506, "ivv": -0.2800481355767718, "iwm": 0.28481673363830984, "efa": -0.010138492614608384, "vwo": 0.024414373816446337, "vnq": 0.08840151701709127, "bil": -0.09613928026526011, "shv": 0.7196230203549195, "ief": 0.2193214599221898, "tlt": 0.10367895416314096, "vblix": 0.2755430975976428, "agg": -0.5928674364054771, "vweax": -0.09864335978013207, "vmbix": -0.11066612929347697, "djp": -0.024606453687717612, "gsg": 0.03754572272665334, "gld": -0.03772481593467829, "fxe": 0.029706081621842476, "fxy": -0.039861359591966794, "shy": 0.4059045995611285, "lqd": -0.014213969491232364, "hyg": 0.1794986040940163, "pff": 0.044103944758407516, "emb": 0.017205113110732247, "tip": -0.027488321722495927, "vtv": -0.19663063461949928, "xlk": 0.09048972076633748, "xlf": 0.11470099571252562, "xle": -0.0047669539227545915, "xlv": 0.253946613727473, "xlp": 0.009232606720900881, "xlu": -0.00407157690155565, "xly": 0.07607746455329124, "xlb": 0.18609628367581693, "dbb": -0.018662403859835988}, "r2": 0.9139928221939578, "alpha_ann": -0.0678602516870618, "alpha_t": -2.210235621140844}, "corr_portfolio": 0.219901371065793, "corr_benchmark": 0.6100665472341495, "verdict": "sleeve mix (R\u00b2 high) - 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not alpha-driven", "alpha_ann_5y": 0.0011145266194566388, "alpha_t_5y": 0.12571659361489895, "alpha_t_full": 0.4363007099014157, "r2_5y": 0.8791140158667089, "alpha_pos_frac": 0.6102564102564103}, "pmvax": {"name": "Putnam Sustainable Future Fund", "local": false, "alpha_name": false, "full": {"n": 1815, "betas": {"qqq": 0.33970195739829173, "ivv": -0.07796211541203106, "iwm": 0.4124500315528199, "efa": 0.06433903380796636, "vwo": 0.014609720991581728, "vnq": -0.016474198620510114, "bil": 0.21127627074055377, "shv": 1.4485453616391997, "ief": 0.2848716973391982, "tlt": 0.012166282277827798, "vblix": -0.004743943147080157, "agg": -0.06096425107076534, "vweax": 0.027711150164920213, "vmbix": -0.2265576831922094, "djp": -0.027410453209929242, "gsg": 0.03806850759424522, "gld": -0.02378799467351624, "fxe": -0.0312880200097519, "fxy": 0.010342334270498686, "shy": -0.6558633657477887, "lqd": 0.04700506198473361, "hyg": 0.0028163641856985503, "pff": 0.0198795116136368, "emb": -0.026750330989886467, "tip": 0.04687174960058008, "vtv": -0.5959218934906793, "xlk": 0.1672335802433846, "xlf": 0.11743747908784694, "xle": -0.024622790483753317, "xlv": 0.2719347613682649, "xlp": -0.03479313661377671, "xlu": 0.10016983804873454, "xly": 0.05440860702870152, "xlb": 0.1281354604158323, "dbmf": -0.004843496977243303, "dbb": -0.007972475505971008}, "r2": 0.9076203797317948, "alpha_ann": -0.07622158785390583, "alpha_t": -2.363937627199848}, "rec5": {"n": 1398, "betas": {"qqq": 0.4254770134807567, "ivv": -0.18107969339711597, "iwm": 0.3904659556120907, "efa": 0.0542709464525383, "vwo": 0.018232011574632438, "vnq": 0.014666418339684163, "bil": 0.36777479427017307, "shv": 1.4332537830985321, "ief": 0.38236721849514915, "tlt": 0.03450352463237553, "vblix": 0.1747097240884476, "agg": -0.25374151604540723, "vweax": -0.027513784862170976, "vmbix": -0.2855152015965706, "djp": -0.0579570260192143, "gsg": 0.06560926762429338, "gld": -0.03183271189162557, "fxe": -0.04742198272111159, "fxy": -0.005038106585939628, "shy": -0.3092601320962181, "lqd": -0.043533366930050485, "hyg": 0.10408146591377739, "pff": 0.07687854841341482, "emb": 0.011731380735616428, "tip": -0.02841903189548015, "vtv": -0.5297353897148412, "xlk": 0.14667186818259173, "xlf": 0.14412942167196605, "xle": -0.020020565796354462, "xlv": 0.27578883404012794, "xlp": -0.06085188741864299, "xlu": 0.10443677424999524, "xly": 0.02940555677799097, "xlb": 0.12442503227500351, "dbmf": -0.019104083982636216, "dbb": -0.002389294196137287}, "r2": 0.8963500012515982, "alpha_ann": -0.11462563957410792, "alpha_t": -2.9476737770801824}, "corr_portfolio": 0.07997805413937256, "corr_benchmark": 0.6523307263767432, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.09456741357390297, "alpha_t_5y": -3.0009644814547345, "alpha_t_full": -1.9213502965955647, "r2_5y": 0.8798217630430863, "alpha_pos_frac": 0.4823529411764706}, "pnbax": {"name": "Virtus NFJ Large-Cap Value Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.07814406597060947, "ivv": 0.05437759316740133, "iwm": 0.0793351650356163, "efa": -0.025432483137263578, "vwo": 0.011128865167346779, "vnq": 0.08685929028679766, "bil": -0.721233679899776, "shv": 0.8769647996923552, "ief": 0.05693313946708692, "tlt": 0.0018689989560918812, "vblix": -0.056718353016023605, "agg": -0.08518722972196743, "vweax": 0.03154292468939064, "vmbix": 0.12974581475655284, "djp": 0.0034358280435369567, "gsg": 0.022862384029003858, "gld": 0.0062839889987324656, "fxe": -0.031056045904936443, "fxy": 0.02926615292683298, "shy": -0.35919367299613053, "lqd": 0.011023074546061192, "hyg": 0.05565689413447567, "pff": 0.06671067555282284, "emb": -0.04638924756157087, "tip": -0.006063689435737956, "vtv": 0.35501720291894906, "xlk": 0.040161992525484684, "xlf": 0.1196712011130797, "xle": 0.003334920151573586, "xlv": 0.060311805114992956, "xlp": -0.014589961292291927, "xlu": 0.02081870648839935, "xly": 0.021543945828831092, "xlb": 0.06620660969650342, "dbmf": -0.03369372858610867, "dbb": 0.00015952684101617348}, "r2": 0.9488548248635452, "alpha_ann": -0.03343455315405534, "alpha_t": -1.58119688166997}, "rec5": {"n": 1416, "betas": {"qqq": 0.16079866682602675, "ivv": -0.026508134596855006, "iwm": 0.08451005875584425, "efa": -0.04906130144948956, "vwo": 0.014303213284400514, "vnq": 0.11897199641445738, "bil": -1.0263015096390478, "shv": 1.0416885092760617, "ief": 0.13916951438214398, "tlt": 0.05578917941258169, "vblix": 0.11459271355936394, "agg": -0.7072120324994065, "vweax": 0.008941061823737401, "vmbix": 0.21418696698596146, "djp": 0.011434869543544194, "gsg": 0.00985176650487985, "gld": 0.0070069187220710635, "fxe": -0.01790494669786181, "fxy": 0.03410684611464143, "shy": 0.07742408391303003, "lqd": 0.09864196229137438, "hyg": 0.09481415375490161, "pff": 0.10993954084156915, "emb": -0.03175054719921935, "tip": -0.027681728070187192, "vtv": 0.34076091286459176, "xlk": 0.005312855306999627, "xlf": 0.14581565053920104, "xle": 0.012991624607798189, "xlv": 0.05297279852278456, "xlp": -0.026700405101194563, "xlu": 0.018741647582953914, "xly": 0.0021351583304178717, "xlb": 0.07422132190121626, "dbmf": -0.024963443328136832, "dbb": -0.004137510473318805}, "r2": 0.9168769704006693, "alpha_ann": -0.020335627454924784, "alpha_t": -0.7727359816992028}, "corr_portfolio": 0.3409935266835361, "corr_benchmark": 0.5722840211585848, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.021492368503141672, "alpha_t_5y": -0.958290039932699, "alpha_t_full": -1.5738533628978375, "r2_5y": 0.89295093447753, "alpha_pos_frac": 0.46551724137931033}, "pneax": {"name": "Virtus NFJ Dividend Value Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.039128698226019776, "ivv": 0.17885988169723518, "iwm": 0.034988255372496745, "efa": 0.03634161000083154, "vwo": -0.005145259254951624, "vnq": 0.04870764002613522, "bil": 0.07433127235575386, "shv": 0.09231523204660025, "ief": -0.09577948585902128, "tlt": 0.04220652709530247, "vblix": -0.011366307585031902, "agg": -0.0349290863724236, "vweax": 0.060905173013729635, "vmbix": 0.20764533641358524, "djp": -0.010866429303995723, "gsg": 0.037225500500030574, "gld": 0.01150294373863638, "fxe": 0.0039876034767704575, "fxy": -0.0030064238042696203, "shy": 0.052508784749226614, "lqd": -0.04382525431312293, "hyg": 0.03802484947860479, "pff": 0.0406617683991944, "emb": 0.01739691375160163, "tip": -0.050912073760978754, "vtv": 0.6003714022818242, "xlk": 0.01700769167984838, "xlf": 0.05019914597659249, "xle": -0.021005249991255727, "xlv": 0.017799259845169915, "xlp": -0.03361629792247518, "xlu": 0.008635874006470484, "xly": 0.019585237750925796, "xlb": 0.04661269219243826, "dbb": -0.00461662268266297}, "r2": 0.9404556244686196, "alpha_ann": -0.03451711849292279, "alpha_t": -2.882819387586657}, "rec5": {"n": 1416, "betas": {"qqq": 0.08317997038260633, "ivv": -0.04275830554301939, "iwm": 0.058615102008473634, "efa": -0.0301575646271917, "vwo": 0.01398586157278678, "vnq": 0.1691648321203975, "bil": -1.5935919993874215, "shv": 1.4057255507691457, "ief": 0.07952094682442497, "tlt": 0.07509500326269092, "vblix": 0.06583951060920333, "agg": -0.7616233087882172, "vweax": 0.04615897621411634, "vmbix": 0.28753679777778207, "djp": 0.012331581676048068, "gsg": 0.010746641409649434, "gld": 0.019432727523223767, "fxe": -0.007646418762743795, "fxy": 0.03151712494819586, "shy": 0.19553923018708638, "lqd": 0.1059680980189071, "hyg": 0.06393772301794409, "pff": 0.10130703834181537, "emb": 0.029837676666082964, "tip": -0.09013285795489318, "vtv": 0.5032348510656536, "xlk": 0.008393229780079722, "xlf": 0.07948611660838227, "xle": -0.0187685725899761, "xlv": 0.03582937729502687, "xlp": -0.021887815997286467, "xlu": 0.026987124984160747, "xly": 0.010406422724766239, "xlb": 0.05649706776683902, "dbb": -0.00904333994316929}, "r2": 0.8970850918846474, "alpha_ann": 0.002389362622472659, "alpha_t": 0.08254999458961988}, "corr_portfolio": 0.3445880684032292, "corr_benchmark": 0.5672948921963767, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.003772619753803793, "alpha_t_5y": 0.1552536364874618, "alpha_t_full": -0.955426419457238, "r2_5y": 0.8711737443157401, "alpha_pos_frac": 0.5067264573991032}, "pngax": {"name": "Putnam International Value Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.018351460356665045, "ivv": -0.16786126423404354, "iwm": -0.005836523464787662, "efa": 0.8798400229424302, "vwo": 0.01588850419415716, "vnq": -0.014657102510753547, "bil": -0.5439729766374009, "shv": 0.3956658250372281, "ief": -0.04216941526615599, "tlt": -0.012381682101628103, "vblix": 0.08399608874560173, "agg": -0.0007302638613796231, "vweax": 0.1197116374607574, "vmbix": -0.016989200701805922, "djp": 0.015267403146501836, "gsg": -0.00880781915633261, "gld": -0.011339754015633655, "fxe": 0.12060131959317508, "fxy": 0.029854267222375275, "shy": -0.10091229877257563, "lqd": -0.006290102992031003, "hyg": -0.03633944674480104, "pff": 0.020813316928511853, "emb": 0.01665573548981839, "tip": 0.08112451126514611, "vtv": 0.08954886807929593, "xlk": 0.0013460406534497144, "xlf": 0.06185812819099836, "xle": 0.0495754368707627, "xlv": -0.004600866730278623, "xlp": -0.009130961345362336, "xlu": 0.0012569123231855165, "xly": 0.009160816725098823, "xlb": -0.003322197754354217, "dbb": 0.00029667449560509106}, "r2": 0.9375790684390054, "alpha_ann": 0.015826779148933812, "alpha_t": 1.302020085709286}, "rec5": {"n": 1416, "betas": {"qqq": -0.1504318318079839, "ivv": 0.0019002886265920118, "iwm": -0.019421609860558346, "efa": 0.8515765595530104, "vwo": 0.034380480770803835, "vnq": -0.028144405948129603, "bil": -0.7641762496045, "shv": 0.8081262141848934, "ief": 0.027941071812669877, "tlt": -0.0249479741184415, "vblix": 0.14938981446946692, "agg": -0.20499518589045898, "vweax": -0.032034344130770484, "vmbix": 0.13620543827399634, "djp": 0.0032748078517609164, "gsg": -0.007048748054556238, "gld": -0.00890989968340047, "fxe": 0.14226715408563448, "fxy": 0.02783828944777598, "shy": -0.14595722572249625, "lqd": 0.02269612653767529, "hyg": -0.03956722196639216, "pff": -0.01402226038090057, "emb": 0.06505013141816861, "tip": 0.019661081743783376, "vtv": 0.06679312344130396, "xlk": 0.04000387038123611, "xlf": 0.07902259591639507, "xle": 0.050646092090804624, "xlv": -0.04497506394472589, "xlp": -0.0014837040529447048, "xlu": -0.002328972026219047, "xly": 0.01494817548160829, "xlb": 0.0025390690524911236, "dbb": 0.004730384416942475}, "r2": 0.923365063846988, "alpha_ann": 0.03660762738576432, "alpha_t": 1.5097978645565868}, "corr_portfolio": 0.456500172262473, "corr_benchmark": 0.48588485439583146, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.034852777499856755, "alpha_t_5y": 1.798907028318978, "alpha_t_full": -0.12299859415814182, "r2_5y": 0.9133324217171169, "alpha_pos_frac": 0.5361702127659574}, "pnopx": {"name": "PUTNAM SUSTAINABLE LEADERS FUND", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.22577572859071737, "ivv": 0.4834537964339459, "iwm": 0.06814566684785921, "efa": 0.07092665877518282, "vwo": 0.006627466890337045, "vnq": 0.003053392099458257, "bil": -0.4114103518381119, "shv": 0.686870867898075, "ief": -0.10023549836667368, "tlt": 0.02536528713603222, "vblix": -0.009425586867157047, "agg": 0.06696447715595408, "vweax": -0.004202515229199185, "vmbix": -0.05371420896860321, "djp": -0.013493416853684255, "gsg": 0.009386503712459162, "gld": -0.00774171017023553, "fxe": -0.012943913679507623, "fxy": -0.02686817429932689, "shy": 0.13910683179878056, "lqd": -0.037382920775134734, "hyg": 0.06427236933661715, "pff": -0.03108942674602947, "emb": -0.027010636965106024, "tip": 0.04490272727726782, "vtv": -0.27895608377072617, "xlk": 0.06237253100632264, "xlf": 0.08553858385971386, "xle": -0.00967990292500233, "xlv": 0.13195119494170532, "xlp": 0.006180662006932685, "xlu": 0.009276357649153051, "xly": 0.013931574280132059, "xlb": 0.09039880085044813, "dbb": -0.0003304746125351449}, "r2": 0.9638722037601463, "alpha_ann": -0.01114979049680766, "alpha_t": -1.1562433697372585}, "rec5": {"n": 1416, "betas": {"qqq": -0.029103054754879176, "ivv": 0.7870739729857401, "iwm": 0.018891844984651116, "efa": 0.0634592354853711, "vwo": -0.006317863394625726, "vnq": 0.005934329239109775, "bil": 0.11273901622059893, "shv": 0.7792887870870054, "ief": 0.07711902932854856, "tlt": 0.01475928198083478, "vblix": 0.13287655548175165, "agg": -0.0028644706420131024, "vweax": -0.04617942171105659, "vmbix": -0.03428443842260175, "djp": 0.0010778818712375929, "gsg": -0.0004719479927084152, "gld": -0.014115911958760188, "fxe": -0.04434670047373652, "fxy": -0.02133443055460511, "shy": -0.1302753399956893, "lqd": -0.09530686218225791, "hyg": 0.0391669907365414, "pff": 0.00927950007095923, "emb": 0.020304083884870018, "tip": 0.019159981987866646, "vtv": -0.2549133577532261, "xlk": 0.13920965946722313, "xlf": 0.07231277359732464, "xle": -0.021477376084005125, "xlv": 0.08428341144088378, "xlp": 0.011045736020840026, "xlu": 0.01694064038694292, "xly": 0.019343075549771608, "xlb": 0.061492532109401185, "dbb": -0.008166863733469611}, "r2": 0.971352811097627, "alpha_ann": -0.052596231382762655, "alpha_t": -3.2217321154336127}, "corr_portfolio": 0.24102511009539707, "corr_benchmark": 0.6136347268875793, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.034943784535261486, "alpha_t_5y": -2.605814427275855, "alpha_t_full": 3.7770488240464726, "r2_5y": 0.9656691117856804, "alpha_pos_frac": 0.574468085106383}, "pnrax": {"name": "Putnam U.S. Research Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.07659764096217891, "ivv": 0.8410105182036134, "iwm": 0.037701665401411004, "efa": 0.030685285599271722, "vwo": 0.012519347093548908, "vnq": -0.008722180719690541, "bil": 0.12634879065464266, "shv": 0.36725499146201296, "ief": -0.04938387702742793, "tlt": -0.0029130200413980387, "vblix": 0.02960863807865759, "agg": -0.018948257187297115, "vweax": 0.008220971250868134, "vmbix": -0.00802431135423943, "djp": 0.0007619733551729574, "gsg": 0.009540582053737028, "gld": -0.004576819695156382, "fxe": -0.020686793338773286, "fxy": -0.005717606871486778, "shy": -0.005644577632071167, "lqd": 0.020593940971020873, "hyg": 0.006966936478124401, "pff": 0.004673914694341201, "emb": -0.007254133539561302, "tip": 0.05271130022438725, "vtv": -0.1122930046854847, "xlk": 0.00017432369483898235, "xlf": 0.025187624130407173, "xle": 0.007950587970242434, "xlv": 0.03571380758885359, "xlp": -0.019042040186525642, "xlu": 0.0016509905175224476, "xly": 0.007708118250828441, "xlb": 0.015134178901038332, "dbb": 0.003190840568366292}, "r2": 0.9785170197938645, "alpha_ann": 0.00010015946025283282, "alpha_t": 0.013985280077629012}, "rec5": {"n": 1416, "betas": {"qqq": 0.01119516949338989, "ivv": 0.93623644966337, "iwm": 0.03180160627810197, "efa": 0.024092036838416424, "vwo": 0.0025701077795217356, "vnq": -0.032206123994203306, "bil": 0.7770219868818465, "shv": -0.10607297550882107, "ief": 0.0451931273879178, "tlt": 0.016185558845126565, "vblix": 0.02959712295935003, "agg": -0.2680426578877884, "vweax": 0.0406369612264232, "vmbix": 0.07275463210962978, "djp": -0.007111811535686422, "gsg": 0.011906194248924617, "gld": 0.005773128157648528, "fxe": -0.020382338984362904, "fxy": 0.00017065641325592358, "shy": -0.015112598164386351, "lqd": 0.03706557020109204, "hyg": -0.03410487174228683, "pff": 0.0031652135165826144, "emb": 0.027115734097707497, "tip": 0.00806810929048187, "vtv": -0.072248754557099, "xlk": 0.02174027962580173, "xlf": 0.0039014986959806388, "xle": 0.006449098144991708, "xlv": 0.022932341868395333, "xlp": -0.014599152804761865, "xlu": 0.018646400833964325, "xly": 0.012171352236657974, "xlb": -0.000612595494352032, "dbb": -0.0017669323568448095}, "r2": 0.9754517855269149, "alpha_ann": -0.01374569651400031, "alpha_t": -0.9231252456797547}, "corr_portfolio": 0.276478412264447, "corr_benchmark": 0.6082408893482397, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.0078006379936287, "alpha_t_5y": 0.6819207949445134, "alpha_t_full": -0.49127034085497623, "r2_5y": 0.9742406045226302, "alpha_pos_frac": 0.5369649805447471}, "pnsax": {"name": "Putnam Small Cap Growth Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.20785518437450695, "ivv": 0.1673580211226739, "iwm": 0.890020157844478, "efa": 0.02781606950347718, "vwo": 0.01562648828573758, "vnq": -0.06439426897712608, "bil": 0.0811027518638803, "shv": -0.5280873784655817, "ief": -0.14646007743870865, "tlt": 0.03296192221579789, "vblix": 0.028987956215592293, "agg": 0.1613733785143067, "vweax": -0.033901538108918085, "vmbix": -0.2559993420622749, "djp": -0.03309797483542009, "gsg": 0.030893664696226123, "gld": 0.019906680603628546, "fxe": -0.006632310835536771, "fxy": -0.0316973153624202, "shy": 0.15901839779331003, "lqd": -0.002373844985378402, "hyg": 0.028302576915006913, "pff": 0.08935903940421756, "emb": -0.018503806394306415, "tip": 0.016654425879610548, "vtv": -0.12015829343018321, "xlk": 0.030325027884513862, "xlf": -0.12234211274446723, "xle": -0.0754426926413243, "xlv": 0.14319715739963187, "xlp": -0.10580122209095756, "xlu": 0.013075406098335867, "xly": -0.07199085798471794, "xlb": 0.024406154240553785, "dbb": 0.0021042139546580754}, "r2": 0.9181784542226079, "alpha_ann": 0.010008667801614659, "alpha_t": 0.5377638634195926}, "rec5": {"n": 1416, "betas": {"qqq": 0.36953115348393906, "ivv": -0.15039650802034646, "iwm": 0.8398737912007233, "efa": 0.09092249902991939, "vwo": -0.011187493291221564, "vnq": -0.07752992987166336, "bil": 0.7624706157473535, "shv": -0.966559008285057, "ief": 0.13021917699876642, "tlt": 0.10444889384423596, "vblix": 0.406123382608791, "agg": -0.039649232835770085, "vweax": -0.13893322633973082, "vmbix": -0.22886310993679027, "djp": -0.0671066717494737, "gsg": 0.04768311251103327, "gld": 0.01447374700377466, "fxe": -0.003243359502868175, "fxy": -0.02696303146614961, "shy": -0.0549330861189117, "lqd": -0.2032291389904701, "hyg": -0.015108285455563756, "pff": 0.05046030978413137, "emb": 0.05291908542403689, "tip": -0.03247494196487682, "vtv": 0.15297962232615245, "xlk": 0.05151358695036429, "xlf": -0.10059147288923938, "xle": -0.05198213294459797, "xlv": 0.06761234317214573, "xlp": -0.12945061050600978, "xlu": 0.03593662867835492, "xly": -0.08331953875178655, "xlb": 0.01052589755952929, "dbb": 0.0012183938012124695}, "r2": 0.8976050529967484, "alpha_ann": -0.007920410496131281, "alpha_t": -0.1838013135046231}, "corr_portfolio": 0.18048580695872893, "corr_benchmark": 0.5557651740392132, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.013138703584124807, "alpha_t_5y": -0.38602354240621056, "alpha_t_full": -0.040860454829000616, "r2_5y": 0.8868207594604377, "alpha_pos_frac": 0.515695067264574}, "pnvax": {"name": "Putnam International Small Cap Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.03157093012592671, "ivv": 0.017772181735606688, "iwm": 0.020335264161628005, "efa": 0.6611089045770079, "vwo": 0.056231474983543944, "vnq": 0.03172006187402403, "bil": -0.45508803781984397, "shv": 0.2869535096082143, "ief": 0.026093688433127166, "tlt": -0.00990377043194339, "vblix": 0.16683560168698316, "agg": -0.1068535232807976, "vweax": 0.3312695289049687, "vmbix": 0.04106590970745213, "djp": 0.029018482297592223, "gsg": -0.003675736422671072, "gld": 0.00043918523120832563, "fxe": 0.16625423370028336, "fxy": 0.07369289066134457, "shy": 0.021020455639202407, "lqd": -0.025323991151897294, "hyg": -0.07004528488861675, "pff": 0.027231124330460776, "emb": 0.006567933267420431, "tip": 0.04520429876251797, "vtv": -0.009027904783226974, "xlk": -0.02463993550951051, "xlf": 0.028990198805537916, "xle": -0.00595818393332955, "xlv": -0.006476804722663736, "xlp": -0.051615926037145016, "xlu": -0.01959015838155391, "xly": 0.02785219173571442, "xlb": 0.019916150610994623, "dbb": -0.006562485797546204}, "r2": 0.8807010142812707, "alpha_ann": 0.0006728903871602395, "alpha_t": 0.041980532807254584}, "rec5": {"n": 1416, "betas": {"qqq": -0.01703554025542603, "ivv": 0.14972401394114568, "iwm": 0.01932663347407583, "efa": 0.6042082934160912, "vwo": 0.06692971211122177, "vnq": 0.05337445092258744, "bil": -0.21810356546575618, "shv": 0.39246439865072513, "ief": 0.21555119730756603, "tlt": -0.060533049262069, "vblix": 0.18856916736992127, "agg": -0.2167348970069624, "vweax": 0.34622429266765636, "vmbix": 0.016328760132696345, "djp": 0.02028272863760411, "gsg": 0.00045963334236108326, "gld": 0.0019497631992891234, "fxe": 0.23257061205147903, "fxy": 0.05500246141537301, "shy": -0.219375429558944, "lqd": 0.04008701941097484, "hyg": -0.15528828350199814, "pff": 0.00415489123190445, "emb": 0.013379220879064107, "tip": 0.08211113341334952, "vtv": -0.04258843316729511, "xlk": -0.01377737057778454, "xlf": 0.04610622395923103, "xle": -0.0181725781456766, "xlv": -0.007212311186265952, "xlp": -0.036117773268223664, "xlu": -0.03296571118493508, "xly": 0.005025585112978754, "xlb": 0.009555257889932955, "dbb": -0.008035767271894145}, "r2": 0.8685555898303123, "alpha_ann": -0.0064571482713262135, "alpha_t": -0.2035443011466696}, "corr_portfolio": 0.37843130784261586, "corr_benchmark": 0.5341436653861956, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.01777045367072421, "alpha_t_5y": -0.7418658434781341, "alpha_t_full": 3.148881109128048, "r2_5y": 0.866818737661125, "alpha_pos_frac": 0.5201793721973094}, "pogax": {"name": "Putnam Large Cap Growth Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.22904918500149246, "ivv": 1.2405934031087276, "iwm": 0.024923322660396242, "efa": 0.02085219201027538, "vwo": 0.011798957103033383, "vnq": -0.003880057055502082, "bil": -0.376304755583431, "shv": 0.4104191294134731, "ief": -0.09165738750195591, "tlt": 0.032381556895368015, "vblix": 0.031979595536054464, "agg": 0.03432664242271165, "vweax": -0.033991981962288045, "vmbix": -0.10173941002848558, "djp": -0.02721110177370555, "gsg": 0.025105065231187964, "gld": 0.00465034304393206, "fxe": 0.008660417523092455, "fxy": -0.028553037518035538, "shy": 0.31147428650965686, "lqd": -0.02723902289976882, "hyg": 0.053236829662115986, "pff": -0.008048185678701015, "emb": -0.0359841865570035, "tip": 0.057841210420782545, "vtv": -0.6995945298203432, "xlk": 0.053148407044615244, "xlf": 0.03008247521308919, "xle": -0.013835069526768896, "xlv": 0.08534497524038619, "xlp": -0.04330787127002066, "xlu": 0.004288222716157959, "xly": 0.010719040140399691, "xlb": 0.024312847066919524, "dbb": 0.009073602887710856}, "r2": 0.9737931908410907, "alpha_ann": -0.005988487412057114, "alpha_t": -0.6489101057768948}, "rec5": {"n": 1416, "betas": {"qqq": 0.16754296425066995, "ivv": 1.2463151216631734, "iwm": 0.013558508145259912, "efa": 0.02698378177851969, "vwo": -0.009685900296385252, "vnq": -0.008152135534390955, "bil": 0.4517822657496975, "shv": 0.3812350947978589, "ief": 0.050772079163844346, "tlt": 0.060357812750406234, "vblix": 0.27987300423535316, "agg": 0.04053163887558379, "vweax": -0.12609447771099708, "vmbix": -0.03328991029325761, "djp": -0.023365202996416496, "gsg": 0.01931232216724604, "gld": 0.0026894135335514212, "fxe": -0.0012318301538964435, "fxy": -0.033667784865589294, "shy": -0.03088085393883273, "lqd": -0.20790169692076227, "hyg": 0.0157848284158597, "pff": -0.0022269821187306093, "emb": 0.018895075085977167, "tip": 0.027466714071939815, "vtv": -0.6993314150941939, "xlk": 0.1237160847857683, "xlf": 0.040377477199603766, "xle": -0.0024722963983112405, "xlv": 0.0724711929225782, "xlp": -0.021049250172280955, "xlu": 0.02349026670026561, "xly": 0.021936922450544558, "xlb": 0.0016995679303817776, "dbb": 0.0067947961893187955}, "r2": 0.980633984419956, "alpha_ann": -0.046175845708898274, "alpha_t": -2.7287421575069333}, "corr_portfolio": 0.15037798580951137, "corr_benchmark": 0.6178617057386717, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.03699181922939444, "alpha_t_5y": -2.190143201327193, "alpha_t_full": -1.771779866542727, "r2_5y": 0.9658299354712779, "alpha_pos_frac": 0.5515695067264574}, "pomix": {"name": "T. Rowe Price Total Equity Market Index Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.016567234602235303, "ivv": 0.7627560608834836, "iwm": 0.11574541219364234, "efa": -0.0009733175935430943, "vwo": 0.003957131111109636, "vnq": 0.008914270192718975, "bil": 0.016278906769363274, "shv": 0.15759915165267643, "ief": -0.023751572931833605, "tlt": 0.011470562948953407, "vblix": 0.011024457124554084, "agg": -0.01591183564030466, "vweax": 0.007687516518683766, "vmbix": -0.018120835877951404, "djp": -0.00045673605051022167, "gsg": 0.004900835661622474, "gld": 0.0019617201248507744, "fxe": 1.811555270162081e-05, "fxy": -0.007843281997368043, "shy": 0.07157832076609087, "lqd": 0.002462616320426106, "hyg": 0.020769293180845656, "pff": 0.005884907608161354, "emb": -0.007221947705239834, "tip": -0.0031249696547175844, "vtv": -0.06546738727364973, "xlk": 0.038931206739877246, "xlf": 0.02761871031485322, "xle": 0.007111376887386378, "xlv": 0.018535807572568452, "xlp": 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Rowe Price Real Assets Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.00812887355862879, "ivv": 0.018601582593049462, "iwm": 0.07531103130305325, "efa": 0.1653822242151297, "vwo": 0.06305156988403494, "vnq": 0.2239059766905743, "shv": 0.0031115271134114376, "ief": -0.004171615903685197, "tlt": -0.03954514615836634, "vblix": 0.10084688070086896, "agg": -0.11092155359918199, "vweax": 0.0778444354094938, "vmbix": 0.0533544837214279, "djp": 0.035510335509023404, "gsg": -0.013408455335749199, "gld": 0.18510674420729387, "fxe": 0.10346862759690374, "fxy": 0.03406802898718893, "shy": -0.01860623106627596, "lqd": 0.10985155317271864, "hyg": 0.05607011420446964, "pff": -0.20671618886643686, "emb": -0.05525644788398759, "tip": -0.011812346824546576, "vtv": 0.06873296308634012, "xlk": 0.028085847159634556, "xlf": -0.027666124869821375, "xle": 0.11521146151997143, "xlv": -0.025832397908602707, "xlp": -0.029480627189181003, "xlu": 0.06986044652947695, "xly": -0.005462278508350427, "xlb": 0.17623145637090237, "dbmf": 0.013493558144143498, "dbb": 0.07456644795164855}, "r2": 0.921678890758037, "alpha_ann": -0.06394768113376811, "alpha_t": -2.821517573705351}, "rec5": {"n": 1416, "betas": {"qqq": -0.02778630519840522, "ivv": 0.0142202597326727, "iwm": 0.0715779268198418, "efa": 0.15643619095086977, "vwo": 0.0780645019320226, "vnq": 0.23408753231205373, "shv": -0.000531274191631772, "ief": -0.010928675310230836, "tlt": -0.018789862971573288, "vblix": -0.00201626637428405, "agg": -0.0094317857903364, "vweax": 0.036588882947846756, "vmbix": 0.0005171216930201453, "djp": 0.0457795741648491, "gsg": -0.012694395978073252, "gld": 0.17937497534462898, "fxe": 0.07535789304703458, "fxy": 0.023853794448547225, "shy": -0.005217232286575597, "lqd": -0.013998127926563625, "hyg": 0.004474797846970773, "pff": 0.010467369788771736, "emb": 0.014322843631864663, "tip": -0.0026939285858845817, "vtv": 0.040602846951326245, "xlk": 0.02622784946711909, "xlf": -0.006579019417159302, "xle": 0.12862899381575726, "xlv": -0.02579950963001986, "xlp": -0.023912296582814734, "xlu": 0.04142042746565709, "xly": -0.010313129358771992, "xlb": 0.17782253353429373, "dbmf": 0.022387139167100743, "dbb": 0.06655456935947596}, "r2": 0.9312985835747547, "alpha_ann": -0.032417203502009266, "alpha_t": -1.3588143435397018}, "corr_portfolio": 0.3616104070333625, "corr_benchmark": 0.5200870121157017, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.028370447974804213, "alpha_t_5y": -1.1593583917602257, "alpha_t_full": -1.5875430016323073, "r2_5y": 0.890006581638537, "alpha_pos_frac": 0.47058823529411764}, "prasx": {"name": "T. Rowe Price New Asia Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.06074794390015498, "ivv": -0.14617593807588597, "iwm": 0.04246528101450009, "efa": 0.05665251082802825, "vwo": 0.6701866987968882, "vnq": -0.021894067089946505, "bil": -0.7646248982578749, "shv": 1.4208223388519834, "ief": -0.07887802799622444, "tlt": 0.06825911267553651, "vblix": 0.1989858630862987, "agg": -0.3253638032233979, "vweax": 0.34675584433062107, "vmbix": 0.1717992169891096, "djp": -0.00716388801998891, "gsg": -0.03046841114327486, "gld": 0.0025505639004718395, "fxe": -0.09268302526098292, "fxy": -0.01692041180661967, "shy": 0.06577933715675006, "lqd": 0.03436432931007121, "hyg": -0.17170470165695195, "pff": 0.07030317182735232, "emb": -0.0421898647065623, "tip": -0.03468071110983473, "vtv": 0.2042862613587062, "xlk": 0.16188309252878808, "xlf": -0.08438020598337985, "xle": -0.022963070440394848, "xlv": -0.03448123991576546, "xlp": -0.1324055619851024, "xlu": -0.03899414513026777, "xly": 0.019670115979789092, "xlb": -0.021596878262791615, "dbb": 0.025868371792577297}, "r2": 0.7774147033099226, "alpha_ann": -0.006097248871933995, "alpha_t": -0.25459230462768473}, "rec5": {"n": 1416, "betas": {"qqq": 0.22860441038578155, "ivv": -0.2441064338817599, "iwm": -0.0237236213918038, "efa": 0.027982319306864872, "vwo": 0.9884213287922538, "vnq": -0.030332767694354914, "bil": -1.836843580170909, "shv": 2.163571317494638, "ief": 0.1846983295139603, "tlt": 0.018835997153961823, "vblix": -0.0969393797227306, "agg": -0.6575936005340369, "vweax": 0.29454162402328027, "vmbix": 0.17449160871012567, "djp": -0.02252541562002857, "gsg": 0.034220375198604984, "gld": -0.01092312589418152, "fxe": -0.07481544283625341, "fxy": -0.04632081289138953, "shy": 0.13164486101070702, "lqd": 0.2189545297093696, "hyg": -0.14039491773774374, "pff": 0.03961569667621982, "emb": -0.0849643973235985, "tip": -0.11452831598511559, "vtv": 0.6311763170567812, "xlk": 0.018883983073061824, "xlf": -0.17144287313509907, "xle": -0.07207671177667388, "xlv": -0.11690907004812014, "xlp": -0.15546084452194364, "xlu": -0.06065842307267745, "xly": -0.03532152098947726, "xlb": -0.05194905202177374, "dbb": 0.005801432537981224}, "r2": 0.8637276181102833, "alpha_ann": -0.04657647450597351, "alpha_t": -1.1149044196057918}, "corr_portfolio": 0.2270964862712669, "corr_benchmark": 0.42628099815029613, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.03676582860298671, "alpha_t_5y": -1.162621641080458, "alpha_t_full": 3.0796570548117366, "r2_5y": 0.8617553574182966, "alpha_pos_frac": 0.5560538116591929}, "prblx": {"name": "Parnassus Core Equity Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.06657679856426615, "ivv": 0.8056924512414996, "iwm": 0.03835092356633254, "efa": 0.0035200246451973774, "vwo": -0.00498524884748372, "vnq": 0.002349758553457482, "bil": -0.03168785961313916, "shv": 0.461485383929195, "ief": -0.01583239349653343, "tlt": 0.02717591575253018, "vblix": 0.059884283986646664, "agg": 0.012541297009509036, "vweax": 0.0030445217960836154, "vmbix": 0.010460947267352552, "djp": 0.0012249109678990292, "gsg": 0.009202158512332734, "gld": -0.010873865919045071, "fxe": 0.00034471771773134774, "fxy": -0.010904020072030899, "shy": 0.08924146254198889, "lqd": -0.04455136484578828, "hyg": -0.03927826827135799, "pff": 0.014055385662653368, "emb": 0.0013232488441928245, "tip": 0.017130890225863685, "vtv": -0.13769926236665267, "xlk": 0.11738343227081577, "xlf": 0.022500548746909828, "xle": -0.03515087619872934, "xlv": 0.06789901334027751, "xlp": 0.10019534633738397, "xlu": 0.012443244900103437, "xly": -0.024253519032656115, "xlb": 0.053387782616010196, "dbb": -0.0003234085085927173}, "r2": 0.9518715650295576, "alpha_ann": -0.008417358232686025, "alpha_t": -0.8390208064867142}, "rec5": {"n": 1416, "betas": {"qqq": -0.014597432620245987, "ivv": 0.7126367790310418, "iwm": 0.0012265586462826016, "efa": 0.013860267704869252, "vwo": 0.0027319081222295077, "vnq": 0.03542582646229722, "bil": -0.35229034783298396, "shv": 0.9020230147055837, "ief": -0.007694948611135822, "tlt": 0.008731955222845754, "vblix": 0.07989763155404037, "agg": 0.13388751822137337, "vweax": -0.05186615764091078, "vmbix": 0.0012263977078787063, "djp": -0.004119155593938925, "gsg": 0.018424756124007634, "gld": -0.013644568038470086, "fxe": -0.020725159313643094, "fxy": -0.002479654282573926, "shy": -0.1172596756948229, "lqd": -0.05878492015479843, "hyg": -0.009683431851951436, "pff": -0.0072961406516235, "emb": -0.024531551343148248, "tip": 0.04466545814090577, "vtv": -0.1786385420363733, "xlk": 0.13408428161239863, "xlf": 0.08288053209954754, "xle": -0.04135106696506721, "xlv": 0.10349916256463543, "xlp": 0.08524143994321401, "xlu": 0.00014347070989709313, "xly": -0.03654447230982441, "xlb": 0.08468407600611025, "dbb": -0.004450015536984233}, "r2": 0.9530577484123568, "alpha_ann": -0.023776970482815477, "alpha_t": -1.210735447712706}, "corr_portfolio": 0.2529541274621002, "corr_benchmark": 0.6219976429749845, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.012650593581459505, "alpha_t_5y": -0.765083373213355, "alpha_t_full": 4.492611135518076, "r2_5y": 0.9409817367395459, "alpha_pos_frac": 0.4425531914893617}, "prcix": {"name": "T. Rowe Price New Income Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.015121061341700746, "ivv": 0.02472837743612727, "iwm": 0.0036901842904475614, "efa": -0.0068688758007877165, "vwo": 0.0026121665572932094, "vnq": 0.003304012123870355, "bil": -0.15881575745088847, "shv": -0.2784189941154613, "ief": 0.14024026732418232, "tlt": 0.15152373202481828, "vblix": 0.3117855887530446, "agg": -0.06285143634433864, "vweax": 0.1384631000413141, "vmbix": 0.24647920157625983, "djp": -0.003216042552905384, "gsg": 0.001452036603852136, "gld": -0.001333742158202762, "fxe": 0.0049706946897982995, "fxy": 0.003410365605314687, "shy": 0.5473753276589058, "lqd": -0.04349247370274309, "hyg": 0.011359752698489236, "pff": -0.0024222261756274765, "emb": 0.005139603954978118, "tip": -0.021102002275459893, "vtv": 0.013478106482244784, "xlk": -0.018705751012184347, "xlf": -0.007766652636438029, "xle": -0.002261129334658234, "xlv": 0.002391760655050421, "xlp": -0.008952666120573934, "xlu": 0.0033877872215455256, "xly": -0.009751118769757351, "xlb": 0.0011415281491583967, "dbb": 0.002682632587630383}, "r2": 0.9115480920720879, "alpha_ann": 0.00304978798626598, "alpha_t": 0.8050804518665488}, "rec5": {"n": 1416, "betas": {"qqq": -0.014034578545487926, "ivv": 0.03243732259328389, "iwm": -0.002418868557425247, "efa": 0.0030211997397752485, "vwo": 0.0010713081853091816, "vnq": 0.002145316120206864, "bil": -0.10772526658638915, "shv": -0.1018054448665592, "ief": 0.22334876909431578, "tlt": 0.13149771657194326, "vblix": 0.40799496143538844, "agg": 0.1021380025875815, "vweax": 0.093581073481643, "vmbix": 0.2126799844385, "djp": -0.0027777610459787565, "gsg": -0.0005501000954158837, "gld": -0.002701801259312044, "fxe": 0.0009418605179012524, "fxy": 0.0022828113608278273, "shy": 0.2828311209525206, "lqd": -0.10018243254566249, "hyg": -0.009506999506718114, "pff": -0.0026820828531190478, "emb": -0.008547172943144775, "tip": -0.004512540845014331, "vtv": -0.00027370552561696446, "xlk": 0.006679140994898402, "xlf": -0.0028977028155916713, "xle": 0.0015583625911804364, "xlv": 0.0031419592419171206, "xlp": -0.00426746939555595, "xlu": 0.0010870785435958261, "xly": -0.002169311455373013, "xlb": 0.0004018950334824566, "dbb": 3.399015484776462e-05}, "r2": 0.9601733480512049, "alpha_ann": 0.003649027737980286, "alpha_t": 0.569375470066492}, "corr_portfolio": -0.07390681462461982, "corr_benchmark": 0.6730349742448988, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.0007107788562143668, "alpha_t_5y": -0.13723433201003477, "alpha_t_full": 6.365050834911989, "r2_5y": 0.9540044117902331, "alpha_pos_frac": 0.5838150289017341}, "prcox": {"name": "T. Rowe Price U.S. Equity Research Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.04474010402823747, "ivv": 0.8269311873585092, "iwm": 0.013090477607724246, "efa": 0.012415721775020575, "vwo": -0.0008431673856409092, "vnq": 0.0019441408590099535, "bil": -0.04569059629032351, "shv": 0.1432091486060549, "ief": -0.03238673698551167, "tlt": 0.008234149667455486, "vblix": -0.015143471573419524, "agg": -0.030918069037154744, "vweax": 0.015819960202327753, "vmbix": -0.004835388277778525, "djp": -0.003721416265614013, "gsg": -0.0002362634012091586, "gld": 0.003821863312972446, "fxe": 1.0871609539650422e-05, "fxy": -0.012507017765345109, "shy": 0.10668870365914299, "lqd": 0.006066018635612186, "hyg": 0.015496069084623677, "pff": 0.004812606592764648, "emb": 0.0012764767343717064, "tip": 0.003778817199896049, "vtv": -0.06087737845511905, "xlk": 0.04473089236395025, "xlf": 0.03902064086280585, "xle": 0.009713364629329792, "xlv": 0.023337512972303322, "xlp": 0.0015217438853628998, "xlu": 0.006865771834806735, "xly": 0.016296342424580758, "xlb": 0.004554852873167328, "dbb": 0.000538321979132516}, "r2": 0.9904254740454087, "alpha_ann": -0.002614529103407767, "alpha_t": -0.5400614565783586}, "rec5": {"n": 1416, "betas": {"qqq": 0.011566231158841173, "ivv": 0.9517765086047577, "iwm": 0.021044291199260056, "efa": 0.023152790952927896, "vwo": -0.012389368911610249, "vnq": -0.008926535979903913, "bil": 0.03958038003880872, "shv": 0.29067274102340834, "ief": 0.008372227241338799, "tlt": 0.02878967728192552, "vblix": 0.06946208082338828, "agg": -0.1216575713014391, "vweax": 0.005656690627800734, "vmbix": 0.07609148637266805, "djp": -0.0068932257594418, "gsg": 0.004392716208726822, "gld": 0.01101338812318948, "fxe": -0.007801492915615462, "fxy": -0.02033568808040054, "shy": -0.03397431844439001, "lqd": -0.02942640811392945, "hyg": 0.04303118685961387, "pff": -0.0265094351232114, "emb": 0.0057422256807115706, "tip": -0.016956130774945073, "vtv": -0.06736530716982173, "xlk": 0.03507699648999573, "xlf": 0.019073644243931022, "xle": 0.0014083970579223857, "xlv": -9.752399641622947e-05, "xlp": 0.014960693882412507, "xlu": 0.002030031871566443, "xly": -0.0015417237681632293, "xlb": -0.0020250402967335393, "dbb": -0.0006251220455906759}, "r2": 0.9854477448988801, "alpha_ann": -0.009899037498908326, "alpha_t": -0.8569299776791577}, "corr_portfolio": 0.2793212368117234, "corr_benchmark": 0.6156565329333397, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.0022392286081116615, "alpha_t_5y": 0.2514160392085182, "alpha_t_full": 0.7548211809712864, "r2_5y": 0.9845663679664178, "alpha_pos_frac": 0.42718446601941745}, "prcpx": {"name": "T. Rowe Price Credit Opportunities Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.008644823145204636, "ivv": 0.0033709600776903204, "iwm": 0.007879223722343242, "efa": -0.024218806068068532, "vwo": -0.0032635147372843173, "vnq": -0.006364344317131671, "bil": 0.4712155652228862, "shv": -0.023561255693477254, "ief": 0.04045032200433152, "tlt": 0.1446606103464846, "vblix": 0.15671715465042782, "agg": -0.8347500289494517, "vweax": 0.8148992642748613, "vmbix": 0.047508996930897524, "djp": 0.012667964146876912, "gsg": -0.015585278581112253, "gld": -0.0026867517765185754, "fxe": 0.046510650431332755, "fxy": 0.02438897054555063, "shy": 0.5306137027748382, "lqd": 0.08988926281814565, "hyg": 0.028392293041311925, "pff": 0.08272766365597121, "emb": -0.046926768314423876, "tip": 0.03447671831131459, "vtv": 0.025073605988102356, "xlk": -0.0018332116714198422, "xlf": -0.014638441573042912, "xle": 0.006684000720421143, "xlv": 0.007409964505443729, "xlp": -0.043731690984110214, "xlu": 0.017935433883217007, "xly": 0.014921968667571433, "xlb": 0.008563937261203613, "dbmf": -0.0053697125258407585, "dbb": 0.005682306423448878}, "r2": 0.7951830434279521, "alpha_ann": 0.0019296476543550958, "alpha_t": 0.15086628957061732}, "rec5": {"n": 1416, "betas": {"qqq": -0.009806804368590404, "ivv": 0.03428749901683278, "iwm": -0.001972719689857323, "efa": 0.0024002569812736274, "vwo": 0.0027523824877219005, "vnq": 0.007410506824134148, "bil": 0.2658613954153004, "shv": 0.11522847407998656, "ief": -0.011467842489852791, "tlt": 0.06636840686726093, "vblix": 0.4044204967184582, "agg": 0.1660847622767711, "vweax": 0.736961950357268, "vmbix": -0.07923132915137072, "djp": -0.002531247581545769, "gsg": 0.006391848017651574, "gld": -0.0016458077026445042, "fxe": -0.004329221999166551, "fxy": 0.0007486225288573481, "shy": -0.12115230467442749, "lqd": -0.2318728013452114, "hyg": 0.0108305825448487, "pff": 0.02196576265809475, "emb": 0.00519200142139363, "tip": 0.0028566565926092706, "vtv": 0.006014224746305207, "xlk": 0.007118758972827054, "xlf": 0.005189894707972234, "xle": 0.0039573571606226505, "xlv": -0.0049220104546547055, "xlp": -0.014327763185380845, "xlu": 0.002308554206447908, "xly": 0.002924736418514017, "xlb": 0.00023533795187668204, "dbmf": -0.004960326104466606, "dbb": 0.004221302227600901}, "r2": 0.8651521928988863, "alpha_ann": 0.005991668773556148, "alpha_t": 0.6353219221808064}, "corr_portfolio": 0.29507505709464416, "corr_benchmark": 0.34975035520803566, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.01454886653880402, "alpha_t_5y": 1.966352022579707, "alpha_t_full": 0.7690031419380468, "r2_5y": 0.853237838102522, "alpha_pos_frac": 0.704225352112676}, "prdgx": {"name": "T. Rowe Price Dividend Growth Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.1339374087411291, "ivv": 0.38886873874094324, "iwm": -0.008497229162605887, "efa": 0.028078801377650665, "vwo": -0.008044801538360517, "vnq": 0.018945525821558267, "bil": 0.04485682048797291, "shv": 0.12620696100126746, "ief": -0.02889851265224053, "tlt": 0.035533239194714336, "vblix": 0.058761305351762834, "agg": -0.10242204208776222, "vweax": -0.03068528494916683, "vmbix": -0.017234201882577592, "djp": -0.013647528138539762, "gsg": 0.01316854504486014, "gld": -0.005474479744469958, "fxe": 0.001962078552654685, "fxy": -0.013000679740830407, "shy": 0.15190021218450628, "lqd": -0.0010136254165590778, "hyg": 0.004371455174480097, "pff": 0.015394653037011182, "emb": 0.010827693925214238, "tip": 0.0065015699802564485, "vtv": 0.11572427654742012, "xlk": 0.13148652746041017, "xlf": 0.08291886033453476, "xle": -0.010043506292269659, "xlv": 0.12346325466241719, "xlp": 0.08734717401098623, "xlu": 0.03478619096405762, "xly": 0.029869466977083228, "xlb": 0.06565583578147449, "dbb": -0.0019011894154329356}, "r2": 0.9770730640207137, "alpha_ann": 0.000933576039678499, "alpha_t": 0.14304375372454}, "rec5": {"n": 1416, "betas": {"qqq": -0.11010577668407973, "ivv": 0.3449768969646994, "iwm": -0.018200692808337332, "efa": 0.035169187149598186, "vwo": -0.013142702740566586, "vnq": 0.03157734220154997, "bil": 0.10461262031445852, "shv": -0.07414857760323386, "ief": 0.043031207960617796, "tlt": 0.031654951308913444, "vblix": 0.15003069799039886, "agg": -0.12315806337762135, "vweax": -0.07181486753926522, "vmbix": -0.009248112404041393, "djp": -0.02250567606182452, "gsg": 0.02655766874274135, "gld": -0.0053941681256407786, "fxe": -0.01302683528403138, "fxy": -0.008161857998736846, "shy": 0.012150524303150704, "lqd": -0.007866698922718428, "hyg": 0.05842103688465011, "pff": -0.02312877397955011, "emb": 0.0006146634745347455, "tip": 0.0003949254739790874, "vtv": 0.1220595027904307, "xlk": 0.140043598815035, "xlf": 0.12396917146647363, "xle": -0.014307096390449817, "xlv": 0.115683898354952, "xlp": 0.10982549945808451, "xlu": 0.0367130409321535, "xly": 0.0015704242774433157, "xlb": 0.0671422957916421, "dbb": -0.006014473223136904}, "r2": 0.9691415903853413, "alpha_ann": -0.00894442759875547, "alpha_t": -0.6569319709644231}, "corr_portfolio": 0.33565727897385983, "corr_benchmark": 0.5920883360618564, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.0007802843212795324, "alpha_t_5y": -0.05559737972462914, "alpha_t_full": 1.9328575109128734, "r2_5y": 0.9417773708804356, "alpha_pos_frac": 0.521551724137931}, "prdmx": {"name": "T. 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Rowe Price Equity Income Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.042859751358107046, "ivv": 0.016980818418664466, "iwm": 0.06084487291323478, "efa": 0.06561849962546959, "vwo": -1.5468819527899365e-05, "vnq": -0.0002448517822502477, "bil": 0.306586933820569, "shv": -0.11698466672542068, "ief": -0.010132843104235121, "tlt": -0.005702202833843233, "vblix": 0.0034225843609920043, "agg": -0.062471411394249055, "vweax": 0.034060556616779376, "vmbix": 0.017375396372328145, "djp": 0.009117253934604518, "gsg": -0.006647283927008412, "gld": -0.00912017445787543, "fxe": -0.0039046130847007966, "fxy": -0.004313325540051055, "shy": 0.014590741408279878, "lqd": 0.018619289402906233, "hyg": -0.01636294657587642, "pff": 0.017814802985238905, "emb": 0.02045322152101277, "tip": 0.003040906797293166, "vtv": 0.6434975183146617, "xlk": -0.00010234549170622638, "xlf": 0.09049240539963443, "xle": 0.04909313522685514, "xlv": -0.022872353806412463, "xlp": 0.005482793751305085, "xlu": 0.02576821879472534, "xly": 0.03305218026527287, "xlb": 0.04651098713786525, "dbb": -0.00957429937357414}, "r2": 0.9738167120357772, "alpha_ann": -0.008081379901781758, "alpha_t": -1.0506639059564964}, "rec5": {"n": 1416, "betas": {"qqq": -0.10617601125861112, "ivv": 0.15998846500104505, "iwm": 0.06990454814697507, "efa": 0.08598973437738065, "vwo": 0.01061869582888449, "vnq": 0.011208957671562552, "bil": 0.05866555353776616, "shv": 0.0964997606273794, "ief": -0.00811819172660073, "tlt": -0.0007387468592446177, "vblix": -0.04386322521468084, "agg": -0.23374455110527215, "vweax": 0.04439922608894091, "vmbix": 0.09874237224016037, "djp": 0.01748878272896113, "gsg": -0.01309661891678862, "gld": -0.0071289122579749715, "fxe": 0.0038382704924456255, "fxy": -0.014202319994929399, "shy": 0.004364731535283814, "lqd": 0.07805950715448563, "hyg": -0.005861046190577278, "pff": 0.0012933278380838369, "emb": 0.005128804476167616, "tip": 0.009987369995630513, "vtv": 0.5875945997250485, "xlk": -0.01738711869026395, "xlf": 0.09888440841658452, "xle": 0.03240771704260501, "xlv": -0.020477882774145535, "xlp": 0.016667811014762217, "xlu": 0.007200511690651664, "xly": 0.01901558884589076, "xlb": 0.02643834802140725, "dbb": -0.009069844477330653}, "r2": 0.9540836220528949, "alpha_ann": -0.006595058560030207, "alpha_t": -0.37508695376651885}, "corr_portfolio": 0.41059227467005194, "corr_benchmark": 0.5068245207131868, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.015144714056529306, "alpha_t_5y": 0.8493285891163505, "alpha_t_full": 3.9344757446636915, "r2_5y": 0.9162651084834567, "alpha_pos_frac": 0.4618834080717489}, "prfhx": {"name": "T. 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Rowe Price Summit Municipal Intermediate Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.013893853330043109, "ivv": -0.005512979415280402, "iwm": -0.006439921133932736, "efa": -0.026055798947561926, "vwo": 0.009215995639789684, "vnq": 0.01662001475994633, "bil": -0.08115871051638998, "shv": 0.2553528240842237, "ief": 0.04357122180036289, "tlt": 0.0027515145810574847, "vblix": 0.2131836110152292, "agg": 0.10510377902232754, "vweax": 0.16689975553673242, "vmbix": -0.03430551118131261, "djp": -0.0011359712897803227, "gsg": -0.003066524539625166, "gld": 0.002026701110204057, "fxe": 0.015872293778034757, "fxy": 0.019187915197736067, "shy": -0.05345229170643873, "lqd": 0.0701176790858345, "hyg": -0.0280126155604718, "pff": 0.024702353611429712, "emb": -0.03845816817951192, "tip": -0.04537894042554431, "vtv": 0.05576224661355658, "xlk": 0.01270171315338541, "xlf": -0.0301345215652736, "xle": -0.005257446902494106, "xlv": -0.003396159512225685, "xlp": 0.00484635689212807, "xlu": 0.007593131539134729, "xly": 0.003624059926720887, "xlb": -0.008839086999692703, "dbb": 0.0015105439997940978}, "r2": 0.4081735871133525, "alpha_ann": 0.011620035326080845, "alpha_t": 1.795218669754559}, "rec5": {"n": 1416, "betas": {"qqq": -0.01230078617080262, "ivv": -0.0038165883582129984, "iwm": -0.002808142466331226, "efa": -0.004759916297954908, "vwo": 0.015292528571428, "vnq": 0.020644204061349206, "bil": 0.1564182326942214, "shv": 0.45202482987209114, "ief": 0.06440572866353607, "tlt": 0.02775387008318033, "vblix": 0.20576815774618437, "agg": 0.13816209471167587, "vweax": 0.2901371470235189, "vmbix": 0.02771505233535029, "djp": -0.011332594603435569, "gsg": 0.008076704378815544, "gld": 0.0013424568610274645, "fxe": -0.0006772709800546033, "fxy": 0.00910282445760075, "shy": -0.11216387601358035, "lqd": -0.07054225291047188, "hyg": -0.06765337700554194, "pff": 0.013035128936940041, "emb": -0.043101960669180164, "tip": -0.04545177191788138, "vtv": 0.01063164089384262, "xlk": 0.008217514753764418, "xlf": -0.019570007333561894, "xle": -0.0040094064337404065, "xlv": -0.002175629125468956, "xlp": 0.009397573777327807, "xlu": -0.00031563005806771493, "xly": 0.005123557078371271, "xlb": -0.0032633824785723883, "dbb": -0.001049594947738945}, "r2": 0.4443605302069962, "alpha_ann": -0.009450512002834902, "alpha_t": -0.752818284228533}, "corr_portfolio": 0.037428885095898944, "corr_benchmark": 0.3490179952495311, "verdict": "CANDIDATE (semi-alpha: mostly explained by net exposure)", "alpha_ann_5y": 0.006245721806135605, "alpha_t_5y": 0.6398847899464606, "alpha_t_full": 7.682954675876339, "r2_5y": 0.4054705279772328, "alpha_pos_frac": 0.5260115606936416}, "prsnx": {"name": "T. Rowe Price Global Multi-Sector Bond Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.03656179552402271, "ivv": 0.04883445339780912, "iwm": 0.005929240189438998, "efa": 0.004544629143192239, "vwo": 0.003722429019882645, "vnq": 0.01350293843188727, "bil": 0.2842980578784153, "shv": 0.16031549798894898, "ief": 0.29188231073541276, "tlt": 0.0664073661223648, "vblix": 0.27388214638088804, "agg": -0.38537308078347116, "vweax": 0.2768056222813825, "vmbix": 0.05399474542968446, "djp": 0.007135193030156477, "gsg": -0.005552258015995537, "gld": -0.0010921536374255312, "fxe": -0.015607762189593359, "fxy": 0.025981629075180986, "shy": 0.17562390987460116, "lqd": -0.016934216654530106, "hyg": 0.025089966411983827, "pff": 0.06250507067163867, "emb": 0.002973244288996316, "tip": 0.03309265257736526, "vtv": -0.008486276087166698, "xlk": -0.008769920387285274, "xlf": -0.008249750662801224, "xle": -0.007565108401340347, "xlv": 0.00030336337403999767, "xlp": -0.02315275331950714, "xlu": 0.01284327361731472, "xly": 0.0004542005032984772, "xlb": 0.001952961619768379, "dbmf": -0.01625575920903553, "dbb": -0.0011308909608852356}, "r2": 0.6477749506308048, "alpha_ann": 0.006757289577323326, "alpha_t": 0.5342542633487422}, "rec5": {"n": 1416, "betas": {"qqq": -0.020147964145844483, "ivv": 0.05873562481984148, "iwm": 0.0015583723646711994, "efa": 0.03146918920239525, "vwo": 0.008565773595335252, "vnq": 0.012552068796437525, "bil": 0.36332644478086124, "shv": 0.6581226234834382, "ief": 0.4118378770911335, "tlt": 0.008371071161957918, "vblix": 0.30147558552208503, "agg": -0.015337391059019446, "vweax": 0.2560711335663393, "vmbix": 0.07315635551857863, "djp": -0.005720390098241715, "gsg": 0.008909173774133566, "gld": -0.005018796797421742, "fxe": -0.05143328330768563, "fxy": 0.003451176755144423, "shy": -0.37295276055740323, "lqd": -0.1273964519771165, "hyg": -0.07960555042840689, "pff": 0.023216189477191437, "emb": 0.017080650010681157, "tip": 0.02095174101344725, "vtv": -0.0026203242094153985, "xlk": -0.011562625625028496, "xlf": 0.0013791299019496486, "xle": -0.01060369881840687, "xlv": -0.003794812681591579, "xlp": -0.005890870871063758, "xlu": 0.0024091906001284294, "xly": -0.004780211245276192, "xlb": -0.009030610749528576, "dbmf": -0.016494286495087586, "dbb": 0.0006199371049029172}, "r2": 0.6947004618432989, "alpha_ann": -0.014605397266286877, "alpha_t": -1.1549648676547952}, "corr_portfolio": 0.11480264680027129, "corr_benchmark": 0.5104032115831177, "verdict": "weak/unstable alpha", "alpha_ann_5y": 0.007770645799854432, "alpha_t_5y": 0.7816898076518033, "alpha_t_full": 0.3194535437733391, "r2_5y": 0.6659474244050132, "alpha_pos_frac": 0.5375722543352601}, "prsvx": {"name": "T. Rowe Price Small-Cap Value Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.03569635871144497, "ivv": -0.04151631679713825, "iwm": 0.7473631198166775, "efa": 0.002003611539278708, "vwo": -0.009225060670705902, "vnq": 0.05566397556686555, "bil": -0.18304657087784823, "shv": -0.02168989717011897, "ief": -0.1552249842971801, "tlt": 0.03207819170784837, "vblix": 0.03125279757173338, "agg": 0.18647882970844107, "vweax": -0.02020224317547768, "vmbix": -0.01812639066087255, "djp": -0.022983885092447826, "gsg": 0.02144708993417748, "gld": 0.003291291861362522, "fxe": 0.006298601143394157, "fxy": -0.0013892390699277975, "shy": 0.19696422270958458, "lqd": -0.07189173020319527, "hyg": -0.004935657238512522, "pff": 0.04853337139366499, "emb": -0.025694655478213833, "tip": -0.03486505459339461, "vtv": 0.25121045342718895, "xlk": -0.026914862153142233, "xlf": 0.050847342377101236, "xle": -0.0009540832768891972, "xlv": -0.10586120550179567, "xlp": 0.005395617748962322, "xlu": 0.009149857426619404, "xly": -0.0010486628823932406, "xlb": 0.03985476965775864, "dbb": -0.002787551470603864}, "r2": 0.9695378059928355, "alpha_ann": 0.007712769847669065, "alpha_t": 0.7766380825072212}, "rec5": {"n": 1416, "betas": {"qqq": -0.05809251599930049, "ivv": -0.037137008570192566, "iwm": 0.6891897131439244, "efa": 0.02362890590584482, "vwo": -0.018804442312851066, "vnq": 0.07494782848513437, "bil": -0.03919684979928148, "shv": 0.9008904787783486, "ief": -0.06737871362635546, "tlt": 0.05599791183678298, "vblix": 0.18491112670523568, "agg": -0.22886837232662938, "vweax": -0.1068655053421945, "vmbix": 0.12141221547590013, "djp": -0.021156748306208117, "gsg": 0.015324276048696147, "gld": -0.006098570743525829, "fxe": -0.02777223444816456, "fxy": -0.022028064242048256, "shy": 0.12553673943923785, "lqd": 0.01596578158262684, "hyg": -0.04206504611272583, "pff": 0.06014050305541421, "emb": -0.017268368643570536, "tip": 0.034439811412463855, "vtv": 0.3054350281639215, "xlk": -0.01586289456979097, "xlf": 0.036959351197264304, "xle": 0.005459750125748423, "xlv": -0.07659586980631597, "xlp": -0.03392667844196858, "xlu": -0.02371980966757766, "xly": 0.02758091604119777, "xlb": 0.06302526367890933, "dbb": -0.012140509144180026}, "r2": 0.9662989934049083, "alpha_ann": -0.02370352223337369, "alpha_t": -1.1687906454920096}, "corr_portfolio": 0.3129582719340149, "corr_benchmark": 0.524015201956352, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.002759891609017195, "alpha_t_5y": 0.16271865916575903, "alpha_t_full": 4.066032185604195, "r2_5y": 0.9582118803525042, "alpha_pos_frac": 0.543859649122807}, "prtax": {"name": "T. Rowe Price Tax-Free Income Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.002488118544473124, "ivv": -0.031013317758984468, "iwm": -0.008055406513617969, "efa": -0.02886116219625728, "vwo": 0.012803958833942641, "vnq": 0.021948969356795314, "bil": -0.11969018447162226, "shv": 0.3891588337334584, "ief": 0.039115163228261834, "tlt": 0.014200591385346491, "vblix": 0.29023810934882865, "agg": 0.13050189611154267, "vweax": 0.21016261404129763, "vmbix": 0.007971250758863008, "djp": -0.005367830880096896, "gsg": 0.0009997068253320771, "gld": 0.000602389740481469, "fxe": 0.021577556531658958, "fxy": 0.024001706981205125, "shy": -0.09867410854118779, "lqd": 0.06433043132965693, "hyg": -0.034664255983586606, "pff": 0.03043951804892736, "emb": -0.04636805263225935, "tip": -0.06835122677096812, "vtv": 0.09667240134749787, "xlk": 0.010670747416968013, "xlf": -0.03972401955914423, "xle": -0.011777814896760334, "xlv": -0.006080237443758184, "xlp": 0.0009538443141121494, "xlu": 0.011307881588714609, "xly": 0.002946503603787951, "xlb": -0.013183603139181025, "dbb": 0.0008325049313114205}, "r2": 0.4042622527515669, "alpha_ann": 0.012923556568656453, "alpha_t": 1.5536834131956858}, "rec5": {"n": 1416, "betas": {"qqq": -0.015186866984609994, "ivv": -0.0251330163940988, "iwm": -0.0058890643380141465, "efa": -0.006671230494520383, "vwo": 0.021239727834124984, "vnq": 0.03218980686697916, "bil": -0.014666544476975036, "shv": 0.9060828691568904, "ief": 0.09221832032250103, "tlt": 0.031569977373616324, "vblix": 0.2724536467640776, "agg": 0.2116570511594353, "vweax": 0.3812817315067999, "vmbix": 0.0633141063548535, "djp": -0.020586758038146767, "gsg": 0.018585118385560973, "gld": 0.002237593253555206, "fxe": 0.008308633918859177, "fxy": 0.02018065664030795, "shy": -0.2787472941934534, "lqd": -0.09543874730550742, "hyg": -0.10376786907578707, "pff": 0.02040711717235757, "emb": -0.05827978067290302, "tip": -0.0673054197258707, "vtv": 0.03699367448492938, "xlk": 0.014879048120496391, "xlf": -0.029115719524843115, "xle": -0.009744825547333132, "xlv": -0.005084216986734323, "xlp": 0.00285832936669553, "xlu": 0.006933382106629502, "xly": 0.01073659884289146, "xlb": -0.0088989840294207, "dbb": -0.0047283797177616015}, "r2": 0.438450398567909, "alpha_ann": -0.013592371997467025, "alpha_t": -0.7744541750802398}, "corr_portfolio": 0.03652415690347229, "corr_benchmark": 0.341089718493174, "verdict": "CANDIDATE (semi-alpha: mostly explained by net exposure)", "alpha_ann_5y": 0.007661235871832887, "alpha_t_5y": 0.5586664889126662, "alpha_t_full": 7.483871200584978, "r2_5y": 0.3932924783200301, "alpha_pos_frac": 0.5722543352601156}, "prtix": {"name": "T. Rowe Price U.S. Treasury Intermediate Index Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.012366208728026538, "ivv": 0.011969771928990947, "iwm": -0.0018256982155726814, "efa": -0.005626088647420618, "vwo": 0.004398556887563343, "vnq": 0.0021381068124862374, "bil": -0.14642849607677022, "shv": -0.08201810788766166, "ief": 0.6287691812470464, "tlt": -0.025388639038365572, "vblix": 0.11009576122170052, "agg": 0.05221020087151053, "vweax": 0.05206811197456103, "vmbix": 0.041917004355452064, "djp": 0.0024058923947442275, "gsg": -0.004682201422008016, "gld": 0.00389881067558886, "fxe": 0.0006913034237525217, "fxy": -0.00012802209072151257, "shy": 0.5498795833405827, "lqd": -0.04013527705056124, "hyg": -0.021940300641909383, "pff": -0.012671128703301825, "emb": -0.0005202013095862364, "tip": 0.020509288714829106, "vtv": -0.00041419182153652604, "xlk": -0.010187414268883727, "xlf": -0.00037807921270828786, "xle": 0.002205668520020499, "xlv": -0.0048953625850512395, "xlp": -0.0008433877011388536, "xlu": 0.0005168195950791891, "xly": -0.0016525189071583818, "xlb": -0.0011018280784094222, "dbb": -0.0025243527904049304}, "r2": 0.917994351841372, "alpha_ann": -0.0046891559459448905, "alpha_t": -1.1808845385386575}, "rec5": {"n": 1416, "betas": {"qqq": 0.01757505774576014, "ivv": 0.020138122322646623, "iwm": -0.00935023501189592, "efa": -0.00581365666771513, "vwo": 0.0031621063459236994, "vnq": -0.000589847329380537, "bil": -0.31360549914462327, "shv": -0.1743741453885529, "ief": 0.6636748248277003, "tlt": -0.02729043840949891, "vblix": 0.2001492355127727, "agg": 0.034209165256018234, "vweax": 0.0705442292793134, "vmbix": 0.04593294331979298, "djp": 0.000615693678617554, "gsg": -0.0027385230211450476, "gld": 0.004015843428197587, "fxe": -0.0007017273730417515, "fxy": 0.003449564328891946, "shy": 0.5538393840908717, "lqd": -0.05427446755441522, "hyg": -0.030846138919636855, "pff": -0.011735564561371469, "emb": -0.00027979511502321366, "tip": -0.007514364237256291, "vtv": 0.03246811666923208, "xlk": -0.013624765833257774, "xlf": -0.008278916498137587, "xle": -0.0005656995713656932, "xlv": -0.00871837731572132, "xlp": -0.002296028656026803, "xlu": -0.003210413375267165, "xly": -0.004927812514224584, "xlb": -0.005102025289632386, "dbb": -0.004981566957565542}, "r2": 0.9384933453406962, "alpha_ann": 0.0016155366691792013, "alpha_t": 0.19650297784705492}, "corr_portfolio": -0.17484520489643376, "corr_benchmark": 0.5721332188324113, "verdict": "sleeve mix (R\u00b2 high) - 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Rowe Price U.S. Treasury Long-Term Index Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.009015422574638797, "ivv": 0.031975937944623015, "iwm": -0.0032957112745003506, "efa": 0.0013309935288993806, "vwo": 0.008207857519386163, "vnq": -0.0016950904697441997, "bil": -0.1956041631466292, "shv": 0.5856199406966586, "ief": 0.13196809181420918, "tlt": 0.8862665936300974, "vblix": 0.6993935852735214, "agg": -0.31324820655239916, "vweax": -0.11955458084691231, "vmbix": 0.15113027942232096, "djp": -0.0025985608589153813, "gsg": -0.0017840932250076087, "gld": 0.006753433167509768, "fxe": -0.0033666075768534805, "fxy": -0.00033942804313728006, "shy": 0.04765461934663168, "lqd": 0.08762695819417506, "hyg": 0.0240215156650205, "pff": -0.08553808428583337, "emb": -0.07447939371712653, "tip": -0.0007955432916540438, "vtv": 0.03070950398690259, "xlk": 0.0018587340407238894, "xlf": -0.014566361612086237, "xle": -0.003530082861023688, "xlv": 0.0026361184344200236, "xlp": 0.006160004207828607, "xlu": 0.005748072595763219, "xly": 0.0032751982491357277, "xlb": -0.005970589100862693, "dbb": 0.00028736424400040237}, "r2": 0.9811387989908392, "alpha_ann": -0.00653304836829127, "alpha_t": -1.243991614128065}, "rec5": {"n": 1416, "betas": {"qqq": 0.0008180111113280236, "ivv": 0.08068332360857444, "iwm": 0.0001681757681401109, "efa": -0.010620118724203459, "vwo": 0.004241255836159785, "vnq": -0.0012693438966336606, "bil": -0.11934217168001493, "shv": -0.08798102823426808, "ief": 0.24758265759379627, "tlt": 0.8912926413537499, "vblix": 0.5609394412914358, "agg": -0.1333200385202148, "vweax": -0.014896270576658448, "vmbix": 0.012952077751975592, "djp": -0.007117824199962854, "gsg": 0.0029927801804096234, "gld": 0.00027876922237045224, "fxe": 0.0021442062760016114, "fxy": -0.001969320188800364, "shy": 0.03967297998556856, "lqd": -0.11388939958584665, "hyg": -0.001418372789008548, "pff": -0.019064512922915264, "emb": -0.013211914851599432, "tip": -0.01619754222691743, "vtv": 0.002958699612744912, "xlk": -0.01572093233343233, "xlf": -0.012709596456622372, "xle": -0.001286463585725607, "xlv": -0.003159073056727628, "xlp": -0.0006221048891191675, "xlu": -0.0018108534090313033, "xly": -0.004906592676825538, "xlb": -0.0005534941068317933, "dbb": 0.0018769474492225605}, "r2": 0.9921224383246416, "alpha_ann": 0.0033073810266946516, "alpha_t": 0.46338361939061457}, "corr_portfolio": -0.18938618092441037, "corr_benchmark": 0.624126208355459, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.0048431885948177706, "alpha_t_5y": -0.8691385650874103, "alpha_t_full": 2.908286597691502, "r2_5y": 0.991495927854666, "alpha_pos_frac": 0.48554913294797686}, "prvax": {"name": "T. Rowe Price Virginia Tax-Free Bond Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.01112766090567776, "ivv": -0.02037152620303216, "iwm": -0.003219068847253242, "efa": -0.02752606920323965, "vwo": 0.013679863608743705, "vnq": 0.023343143223488273, "bil": -0.10619440810073244, "shv": 0.3613527730090946, "ief": 0.030099390393718874, "tlt": 0.01252445118017759, "vblix": 0.2424732038732154, "agg": 0.1422370846896143, "vweax": 0.2196622589929484, "vmbix": 0.0393757191398564, "djp": 0.0012090622803166973, "gsg": -0.0030925417609576926, "gld": 0.00047248351753072964, "fxe": 0.016810541133754305, "fxy": 0.021221199081489176, "shy": -0.11558365643536499, "lqd": 0.07105848114626567, "hyg": -0.04463704178962416, "pff": 0.02707355205089644, "emb": -0.04424836221754535, "tip": -0.06281698622020505, "vtv": 0.0747351545781255, "xlk": 0.013624408432842247, "xlf": -0.03713950111446693, "xle": -0.01048494895410552, "xlv": -0.003562829817473602, "xlp": 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Rowe Price Balanced Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.0692623187522102, "ivv": 0.2650113852830108, "iwm": 0.01785425981535415, "efa": 0.18668732602150798, "vwo": 0.014468841746631869, "vnq": 0.0031511232596731754, "bil": -0.09019382569758855, "shv": 0.6113677218693674, "ief": 0.13589192210038267, "tlt": 0.02954916768860578, "vblix": 0.24243721245505417, "agg": -0.4394642857684814, "vweax": 0.019492035299186194, "vmbix": 0.20886920045830834, "djp": 0.00434380025458776, "gsg": -0.004700638991496852, "gld": 0.005349850013620875, "fxe": 0.0037656327196611103, "fxy": -0.0015972315489587016, "shy": 0.10912700233677843, "lqd": 0.14355009472058558, "hyg": 0.03710595166388367, "pff": -0.059555820351745614, "emb": -0.02850951192163454, "tip": 0.022327203459114046, "vtv": -0.02290560782655914, "xlk": 0.01715548581467979, "xlf": 0.02640205713282272, "xle": 0.007609270565349432, "xlv": 0.03653262512391835, "xlp": -0.005165846882047542, "xlu": 0.014463438679812424, "xly": 0.014128906152004558, "xlb": 0.015298933370367349, "dbb": 0.0014237647111087527}, "r2": 0.972860223011554, "alpha_ann": -0.008688808616171375, "alpha_t": -1.6739473075189242}, "rec5": {"n": 1416, "betas": {"qqq": 0.04051205089327464, "ivv": 0.3685507263925304, "iwm": 0.024416973417088542, "efa": 0.17923303486100103, "vwo": 0.011225714596516124, "vnq": 0.006987852253454749, "bil": 0.0200572696577559, "shv": 0.32678715472375375, "ief": 0.07232890649995471, "tlt": 0.029415939275375474, "vblix": 0.0628828880442719, "agg": -0.04756521835087472, "vweax": 0.06450122558030551, "vmbix": 0.12134242826135777, "djp": 0.0009289691279229178, "gsg": -0.0008462577684174954, "gld": 0.012324155199045608, "fxe": 0.010232982693166711, "fxy": -0.005960733121176698, "shy": 0.016550449926139077, "lqd": 0.012152271420752677, "hyg": -0.01363198764910587, "pff": -0.022198896690807095, "emb": 0.0008924708775141752, "tip": 0.0060787461280065545, "vtv": -0.05286593344662529, "xlk": -0.0008195845699802486, "xlf": 0.02128124087329427, "xle": 0.008033833895583502, "xlv": 0.0112093280236258, "xlp": 0.0018355591057704452, "xlu": 0.0035113336082330964, "xly": -0.002212902203288316, "xlb": 0.013819323686287157, "dbb": 0.001023386007277239}, "r2": 0.9807416773186679, "alpha_ann": -0.017170794514888038, "alpha_t": -2.032988139170007}, "corr_portfolio": 0.30741828004474064, "corr_benchmark": 0.6673396322125112, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.006546833197236385, "alpha_t_5y": -0.981976917272869, "alpha_t_full": 4.608517618965861, "r2_5y": 0.9787322083710319, "alpha_pos_frac": 0.5650224215246636}, "rpfix": {"name": "Royce Premier Fund", "local": true, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.18240239644089623, "ivv": 0.07601311779099668, "iwm": 0.5186967811651625, "efa": 0.06541439159150575, "vwo": 0.02103566247810527, "vnq": 0.0015372141435676218, "bil": -0.9769857018928669, "shv": 0.955104746278163, "ief": -0.12866191008427266, "tlt": 0.02745506829395063, "vblix": -0.11255116920901445, "agg": -0.09506350891615224, "vweax": 0.06178164107002353, "vmbix": 0.12203947558886453, "djp": -0.03593211438468529, "gsg": 0.01622850765664884, "gld": -0.030853751173392372, "fxe": -0.08156169682412855, "fxy": -0.036403752541453414, "shy": 0.3376467171788606, "lqd": 0.05570015781600995, "hyg": -0.03931310993412415, "pff": 0.07689255138577633, "emb": 0.0757743517169863, "tip": -0.12611844425256624, "vtv": 0.5742886281307449, "xlk": 0.09826662251949055, "xlf": -0.13983154446816135, "xle": -0.06809936354489173, "xlv": -0.1016688518440478, "xlp": -0.04953965847885038, "xlu": -0.08777103484142146, "xly": 0.0540832780554218, "xlb": 0.18692395884608282, "dbmf": -0.027113528605324847, "dbb": -0.013537232628270226}, "r2": 0.930157295940247, "alpha_ann": -0.012252033101853393, "alpha_t": -0.4224649690391888}, "rec5": {"n": 1416, "betas": {"qqq": -0.2432273817525934, "ivv": 0.11440029942999094, "iwm": 0.5212740845684102, "efa": 0.06850270388809085, "vwo": -0.011260563565598633, "vnq": 0.014204980917624798, "bil": -1.6031317660760425, "shv": 2.0001474741195944, "ief": 0.10837733523026055, "tlt": 0.08940371419458941, "vblix": -0.02580483699948325, "agg": -0.7236784454559582, "vweax": 0.037934537437548, "vmbix": 0.16724121993921348, "djp": -0.020707473147749917, "gsg": 0.01526410074740578, "gld": -0.04027078926013641, "fxe": -0.05545927549348803, "fxy": -0.030935421761308424, "shy": 0.39760402726274807, "lqd": 0.14870109990211794, "hyg": -0.020656664974986798, "pff": 0.018792120487091096, "emb": 0.019300417156349052, "tip": -0.05652844182220609, "vtv": 0.5891018217352003, "xlk": 0.11811679405071394, "xlf": -0.1569322732152723, "xle": -0.09199434882092711, "xlv": -0.10864211702909386, "xlp": -0.0582402889514416, "xlu": -0.09951456360897543, "xly": 0.09060551708405101, "xlb": 0.21115823471933204, "dbmf": -0.0036188428891947722, "dbb": -0.012833147416534414}, "r2": 0.9073341629665248, "alpha_ann": -0.01915424454045686, "alpha_t": -0.5600417504189985}, "corr_portfolio": 0.28508784181307295, "corr_benchmark": 0.5306477209931296, "verdict": "sleeve mix (R\u00b2 high) - 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Rowe Price Global Allocation Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.05421947543458164, "ivv": 0.04620071579957517, "iwm": 0.04870964568442503, "efa": 0.1060614896016366, "vwo": 0.07634118990592605, "vnq": 0.012155019754728427, "shv": 0.0017581929014216205, "ief": 0.019623940102928825, "tlt": 0.0011292473701965881, "vblix": 0.08660405371804615, "agg": -0.03549617466250047, "vweax": 0.06961319347280767, "vmbix": 0.02909806310059575, "djp": -0.008166292935548715, "gsg": -0.0020049124357217965, "gld": 0.015012839867036944, "fxe": 0.021052760348591396, "fxy": 0.006969227097016856, "shy": -0.0021961941221681327, "lqd": 0.07231341288637999, "hyg": 0.02921601925801283, "pff": -0.07546546401193593, "emb": -0.013627892148361683, "tip": 0.01888632372235844, "vtv": 0.042407992260541684, "xlk": 0.054332791712173145, "xlf": 0.023641024028093555, "xle": 0.004773024915182157, "xlv": 0.03670219188909187, "xlp": -0.005031758125215247, "xlu": 0.014141704343843957, "xly": 0.017332733033851185, "xlb": 0.02957077323095642, "dbmf": 0.01525616599641628, "dbb": 0.003213374707891164}, "r2": 0.9377206413538535, "alpha_ann": -0.01896635640371928, "alpha_t": -1.6771533137541186}, "rec5": {"n": 1416, "betas": {"qqq": 0.047317290954123015, "ivv": 0.0490494429792386, "iwm": 0.049142366186547236, "efa": 0.1019031033816575, "vwo": 0.07453900930334467, "vnq": 0.017200203884967395, "shv": 0.0005854010120825509, "ief": 0.01494075956783684, "tlt": 0.017527936829446915, "vblix": 0.018359030412832898, "agg": 0.011980375987359768, "vweax": 0.03584412306296302, "vmbix": 0.012936569098391335, "djp": -0.00336745139434389, "gsg": -0.0009620141806431946, "gld": 0.013801284228334766, "fxe": 0.012194729446127638, "fxy": -0.00082425137361698, "shy": 0.0016646117996547915, "lqd": 0.015326758808162876, "hyg": 0.0033789593563971986, "pff": 0.005321693653322998, "emb": 0.013517202885228551, "tip": 0.01175908609491089, "vtv": 0.03022350281772908, "xlk": 0.04804840685496723, "xlf": 0.032267565826881305, "xle": 0.0062495972395588805, "xlv": 0.0204555308055539, "xlp": -0.001980784445052217, "xlu": 0.003169939780654916, "xly": 0.017877375114295786, "xlb": 0.03344852008225024, "dbmf": 0.00787844533717105, "dbb": 0.004629818389406078}, "r2": 0.9567901550213551, "alpha_ann": -0.014890088841230316, "alpha_t": -1.491717530218591}, "corr_portfolio": 0.32895422170119604, "corr_benchmark": 0.6262946395967832, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -7.963935197204956e-05, "alpha_t_5y": -0.009957199311058712, "alpha_t_full": 0.889657315569264, "r2_5y": 0.9599918799669865, "alpha_pos_frac": 0.47058823529411764}, "rpgex": {"name": "T. Rowe Price Global Growth Stock Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.2512265774971458, "ivv": 0.3937470191944735, "iwm": 0.10563724358816018, "efa": 0.16605157229257314, "vwo": 0.19383205794617658, "vnq": -0.007672890812016991, "bil": 0.5113687016482287, "shv": 0.00942324201346324, "ief": 0.1492935845835773, "tlt": 0.01573702337419095, "vblix": 0.21488765037540256, "agg": -0.1730057434248867, "vweax": 0.0008498917533200839, "vmbix": -0.17298958790813493, "djp": -0.007563464515785078, "gsg": 0.00840384820145209, "gld": -0.009121885709261025, "fxe": 0.018101562309024294, "fxy": -0.007150346718964778, "shy": -0.022499207940305205, "lqd": 0.015869446416159182, "hyg": 0.05437170015611753, "pff": 0.05714298876287152, "emb": -0.031090292293018365, "tip": 0.05053429430249222, "vtv": -0.3772481443970078, "xlk": -0.0016012157891308926, "xlf": 0.08439465786494066, "xle": -0.0082703680857084, "xlv": 0.08375617494315318, "xlp": -0.06318590769714957, "xlu": 0.03598364307197494, "xly": -0.0075767781681307655, "xlb": 0.0390985520587811, "dbmf": 0.002119392360010984, "dbb": -0.00831867896489051}, "r2": 0.9532512716041852, "alpha_ann": -0.024709436849372556, "alpha_t": -1.2404980830773775}, "rec5": {"n": 1416, "betas": {"qqq": 0.37068394890309664, "ivv": 0.3286608199747933, "iwm": 0.10835658036189873, "efa": 0.16196660201625074, "vwo": 0.19708551211933514, "vnq": -0.005012724669424457, "bil": 0.6159290443050002, "shv": 0.3149469135271702, "ief": 0.17334724029754786, "tlt": 0.027991026546602793, "vblix": 0.32185936977760204, "agg": -0.07392928745613503, "vweax": -0.039651840972268565, "vmbix": -0.13189128472556583, "djp": -0.021772855313940746, "gsg": 0.022210989454482747, "gld": -0.0015022142545445558, "fxe": 0.010481859577177507, "fxy": -0.02327791780683501, "shy": -0.2095503146267005, "lqd": -0.13262477506130735, "hyg": 0.07856564901700776, "pff": 0.048207692482215764, "emb": 0.00015721351072531928, "tip": 0.020786680719810373, "vtv": -0.35740378931099553, "xlk": -0.054366313106079964, "xlf": 0.09522625497297833, "xle": -0.0020247089718613736, "xlv": 0.0831095332463565, "xlp": -0.06624300914866728, "xlu": 0.0351799860727082, "xly": -0.03193821507128959, "xlb": 0.03558410316431772, "dbmf": -0.01566113950595653, "dbb": -0.007589035523396501}, "r2": 0.9440343325545503, "alpha_ann": -0.06109184485568158, "alpha_t": -2.615083668246292}, "corr_portfolio": 0.2226134934664939, "corr_benchmark": 0.6021993657481696, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.052100081175726606, "alpha_t_5y": -2.7353639013522235, "alpha_t_full": -1.3221919637429767, "r2_5y": 0.9340000004558334, "alpha_pos_frac": 0.5}, "rpgix": {"name": "T. Rowe Price Global Industrials Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.21496135121414442, "ivv": 0.3885128346639701, "iwm": 0.12731765841225823, "efa": 0.47079165221286545, "vwo": 0.048810212701380674, "vnq": -0.060202871387567004, "bil": -0.3814290789949495, "shv": 0.05639126972132035, "ief": 0.06869679003510484, "tlt": 0.08449403135273391, "vblix": 0.1987188463002169, "agg": -0.2885607280338965, "vweax": 0.07340184206444733, "vmbix": -0.008798375553666386, "djp": -0.0415909195362767, "gsg": 0.007383609177861769, "gld": 0.006728786501672586, "fxe": -0.008809195630740582, "fxy": -0.04801794218078151, "shy": 0.4080144903954856, "lqd": -0.0937171353283639, "hyg": -0.00350919060375877, "pff": 0.009044340137692999, "emb": 0.026125711523596273, "tip": 0.01010407643936803, "vtv": 0.7879864521537527, "xlk": 0.048460737711501486, "xlf": -0.19187519100896883, "xle": -0.0699701706257384, "xlv": -0.20705689196607172, "xlp": -0.19566113011251918, "xlu": -0.09314145817311888, "xly": 0.13435575140736572, "xlb": 0.07417717992852849, "dbmf": 0.005490376366936142, "dbb": 0.004309076474903885}, "r2": 0.9347498579974081, "alpha_ann": 0.008339448064039157, "alpha_t": 0.3163383707401011}, "rec5": {"n": 1416, "betas": {"qqq": -0.13806770194572743, "ivv": 0.35838676220809423, "iwm": 0.12897787604119412, "efa": 0.48485662828104154, "vwo": 0.04659119286106922, "vnq": -0.06995620150837406, "bil": -0.5003191720156068, "shv": 0.8463794277507185, "ief": 0.06133522455168379, "tlt": 0.042807338560523704, "vblix": 0.25786186928483645, "agg": -0.27576763544753724, "vweax": 0.041033946342426776, "vmbix": 0.0343842761969477, "djp": -0.025786148010193306, "gsg": 0.0017551796976209135, "gld": 0.015901085961885546, "fxe": -0.048044611718573896, "fxy": -0.0525712663301032, "shy": 0.1576542947322964, "lqd": -0.02535588652174033, "hyg": 0.038667872282789784, "pff": -0.032187662989164235, "emb": 0.022569333377334366, "tip": -0.023961722198553075, "vtv": 0.8737627785508022, "xlk": -0.005356496513625701, "xlf": -0.22464719929560062, "xle": -0.08368501758113359, "xlv": -0.2196968713440778, "xlp": -0.19920556337774106, "xlu": -0.07617395308448592, "xly": 0.1355673543052949, "xlb": 0.06714135613764165, "dbmf": -0.006723929102538035, "dbb": -0.005519592039196792}, "r2": 0.9179661779257372, "alpha_ann": -0.03829498152978607, "alpha_t": -1.2088907126244826}, "corr_portfolio": 0.33349915902714317, "corr_benchmark": 0.5609579050380327, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.027563985481858844, "alpha_t_5y": -1.0048247399895274, "alpha_t_full": -0.20076647213297838, "r2_5y": 0.8912110594712765, "alpha_pos_frac": 0.47297297297297297}, "rpgrx": {"name": "T. Rowe Price Target 2035 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.015025160191746767, "ivv": 0.32239662561631793, "iwm": 0.08352304163998668, "efa": 0.12766143064158705, "vwo": 0.03500521398258081, "vnq": 0.02010246655575464, "bil": -0.7547835692400158, "shv": 0.6175298582974668, "ief": 0.29076176422506, "tlt": 0.13816915792551732, "vblix": -0.13967736158581787, "agg": -0.9532713193418549, "vweax": 0.15624954102072514, "vmbix": 0.17928420823268687, "djp": -0.0008813859563396486, "gsg": 0.003262648688183582, "gld": 0.013611669627295408, "fxe": 0.02861797064971065, "fxy": 0.012335663534929733, "shy": 0.23901855395467833, "lqd": -0.023423194811024967, "hyg": 0.09550875953567221, "pff": -0.0011612437496344868, "emb": 0.08427130351880471, "tip": 0.016957508879079833, "vtv": -0.08876953095016442, "xlk": -0.019707531606303157, "xlf": -0.012368735708344483, "xle": 0.017906448975201297, "xlv": 0.028617520050913746, "xlp": -0.06023578141364372, "xlu": 0.011926324592251715, "xly": 0.019830948496372076, "xlb": 0.05027768778212127, "dbmf": -0.005803413727086095, "dbb": -0.003573377716084184}, "r2": 0.9218420872636985, "alpha_ann": 0.008370174896860236, "alpha_t": 0.5173722427138866}, "rec5": {"n": 1416, "betas": {"qqq": 0.05247651685203206, "ivv": 0.2680636164452346, "iwm": 0.06800431823752, "efa": 0.13215957075452156, "vwo": 0.055818636995902976, "vnq": 0.01894820047996012, "bil": -0.11676196468715326, "shv": 0.5682960162236529, "ief": 0.07308623409156484, "tlt": 0.021889980323501985, "vblix": 0.0701114287550901, "agg": -0.08683109600891796, "vweax": 0.07627778088441176, "vmbix": 0.07117772066783051, "djp": -0.008051961613913338, "gsg": 0.008328004132161825, "gld": 0.007981049511522348, "fxe": 0.014928418192231304, "fxy": -0.005914965600072137, "shy": -0.03782821445091197, "lqd": 0.02130807500514573, "hyg": -0.0033673669241716525, "pff": -0.02315345039140987, "emb": 0.0036400471992930903, "tip": 0.03757992840324547, "vtv": -0.016331030590212927, "xlk": -0.004195078356832352, "xlf": 0.011894687338441772, "xle": 0.00764683451752319, "xlv": 0.01191167717965465, "xlp": 0.00023586604586635774, "xlu": -0.0021336517714681136, "xly": -0.006271093371864881, "xlb": 0.022857252664977748, "dbmf": 0.00881887106520305, "dbb": -0.0010840101847791224}, "r2": 0.9690085270292865, "alpha_ann": -0.020475487097972363, "alpha_t": -1.9485657439726791}, "corr_portfolio": 0.2999280457369745, "corr_benchmark": 0.6306955546981389, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.0066329403953624974, "alpha_t_5y": -0.8121941930140097, "alpha_t_full": 0.35192355940701103, "r2_5y": 0.9667879206289048, "alpha_pos_frac": 0.5266666666666666}, "rpibx": {"name": "T. 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alpha-driven", "alpha_ann_5y": 0.006460312480722772, "alpha_t_5y": 0.22936172932049853, "alpha_t_full": 0.6688885515167858, "r2_5y": 0.9085046225608513, "alpha_pos_frac": 0.4222222222222222}, "scfzx": {"name": "PGIM Securitized Credit Fund", "local": false, "alpha_name": false, "full": {"n": 1796, "betas": {"qqq": 0.033601547726530144, "ivv": 0.054355535817111375, "iwm": 0.015219026343337988, "efa": -0.014540083683751195, "vwo": 0.007703652017838203, "vnq": 0.00810614291017472, "bil": 0.8319334457886622, "shv": -1.5028228104396577, "ief": -0.006511964549421073, "tlt": 0.08760013865970047, "vblix": 0.31264336195036835, "agg": -0.015581657722408462, "vweax": 0.2524698694250831, "vmbix": -0.14151312923024104, "djp": -0.008252221696075368, "gsg": 0.013796749095296245, "gld": -0.00177132310849663, "fxe": -0.015494414641416196, "fxy": 0.008820245136453754, "shy": 0.1797930585360272, "lqd": -0.15095067362930098, "hyg": 0.0033018657100373225, "pff": -0.06028547824977782, "emb": 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Rowe Price Target 2050 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.033505947974305866, "ivv": 0.4584270625332146, "iwm": 0.11792804804139002, "efa": 0.1839265226268496, "vwo": 0.04448238636789134, "vnq": 0.02065114942219888, "bil": -0.9867935342769261, "shv": 0.9537981102871078, "ief": 0.32557265172383526, "tlt": 0.18756869665164022, "vblix": -0.21095927631293573, "agg": -1.2252126256358873, "vweax": 0.16322898522945992, "vmbix": 0.18069594442093426, "djp": 0.0013618716752962963, "gsg": 0.0007875780057222736, "gld": 0.020542977226343125, "fxe": 0.04249138316922828, "fxy": 0.0016060711653551108, "shy": 0.3189862139695108, "lqd": -0.026582496586592053, "hyg": 0.079579335117163, "pff": -0.004445017834141393, "emb": 0.09007361739309208, "tip": -0.01482128439227545, "vtv": -0.10676058752645463, "xlk": -0.035120348477179326, "xlf": -0.024352758806803557, "xle": 0.018106564123173484, "xlv": 0.029152658209092727, "xlp": -0.08839352286374551, "xlu": 0.008347476635140802, "xly": 0.026731178128518322, "xlb": 0.0655623297280035, "dbmf": -0.007195472782881948, "dbb": -0.0037259849193423747}, "r2": 0.9290469422700345, "alpha_ann": 0.005060670191242641, "alpha_t": 0.25146456932361794}, "rec5": {"n": 1416, "betas": {"qqq": 0.05964092034462179, "ivv": 0.4039663926649756, "iwm": 0.09345046102234436, "efa": 0.18907211596792833, "vwo": 0.07865702747285837, "vnq": 0.021921156239043026, "bil": 0.04467418367349085, "shv": 0.5481518787236072, "ief": 0.026801430756571328, "tlt": 0.026524528552214956, "vblix": 0.09796995511188879, "agg": -0.11714868093467584, "vweax": 0.05016895124922132, "vmbix": 0.042235275627569374, "djp": -0.0070238522013921344, "gsg": 0.005986334132904083, "gld": 0.015609877915893203, "fxe": 0.011317777740686208, "fxy": -0.017339215776360814, "shy": -0.04190911114471097, "lqd": 0.038157117488707835, "hyg": -0.0006604284621399215, "pff": -0.025794041238661764, "emb": -0.016173685230748535, "tip": 0.004027897512635484, "vtv": -0.008257684677451407, "xlk": -0.0034034609857172575, "xlf": 0.0018278698893315418, "xle": 0.00831712452418303, "xlv": 0.016623208838215713, "xlp": -0.008077790092459998, "xlu": -0.0038114677712147416, "xly": -0.008933373928022785, "xlb": 0.029172586295628758, "dbmf": 0.007398708330632296, "dbb": -0.0027607692426024413}, "r2": 0.970329995523268, "alpha_ann": -0.03043424854844489, "alpha_t": -2.1907295974832173}, "corr_portfolio": 0.2964354168647663, "corr_benchmark": 0.6035326497293934, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.01026668355218297, "alpha_t_5y": -0.9594127679495172, "alpha_t_full": 0.32897207079874413, "r2_5y": 0.9688161724909243, "alpha_pos_frac": 0.4866666666666667}, "trgrx": {"name": "T. Rowe Price Global Real Estate Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.01646679841961156, "ivv": -0.04675844304701341, "iwm": -0.014570253378895701, "efa": 0.21507926169143476, "vwo": 0.02218326226918804, "vnq": 0.7042172265348245, "bil": 0.30685557635643274, "shv": 0.2877457863239547, "ief": 0.11236495472093037, "tlt": 0.04673071940165133, "vblix": 0.12718529225718067, "agg": -0.5591970365720276, "vweax": 0.14010814756095047, "vmbix": 0.135271480156089, "djp": 0.017200787995181273, "gsg": -0.007421154488179625, "gld": 0.008301986962025732, "fxe": 0.09367498754298884, "fxy": 0.017652927894563245, "shy": 0.04557963530359344, "lqd": 0.1675530073442741, "hyg": -0.12726094211540254, "pff": -0.025904349227530734, "emb": 0.028287197157888883, "tip": -0.02343204326265657, "vtv": 0.07641250446760217, "xlk": -0.012683744486699013, "xlf": 0.007812341136934118, "xle": 0.013468707424683249, "xlv": -0.03975708133732931, "xlp": -0.058045227967449, "xlu": -0.014745946245025713, "xly": 0.03921838406450981, "xlb": -0.008419470844689754, "dbmf": -0.007626725556195597, "dbb": -0.010274484220343}, "r2": 0.943873695045013, "alpha_ann": -0.03583031273310437, "alpha_t": -1.6974662069863473}, "rec5": {"n": 1416, "betas": {"qqq": -0.013492227487538644, "ivv": -0.028639194315380097, "iwm": -0.027996924506090846, "efa": 0.22174847007625384, "vwo": 0.03104800409521059, "vnq": 0.7207751555842986, "bil": 0.8293479153059737, "shv": -0.8131477234318685, "ief": 0.14521240085654694, "tlt": -0.023205573595798376, "vblix": -0.010761899782461672, "agg": -0.202043620747512, "vweax": 0.16210806027173733, "vmbix": 0.03726302395858131, "djp": 0.015364959055945898, "gsg": -0.00021283446314979585, "gld": 0.00022749886438183891, "fxe": 0.04282783702665726, "fxy": 0.009328177119718135, "shy": -0.11287457321490288, "lqd": 0.06484776564269407, "hyg": -0.0413578023430045, "pff": -0.05282611373623547, "emb": 0.019379847037152165, "tip": 0.020510175209949473, "vtv": 0.022294837218602953, "xlk": -0.0022724989051967934, "xlf": 0.014541029056048782, "xle": -0.004054681846319968, "xlv": -0.022030044714113434, "xlp": -0.01822158178184204, "xlu": -0.011671091537958901, "xly": 0.016494562166395027, "xlb": -7.684032630241727e-05, "dbmf": 0.008561266376616247, "dbb": -0.012269973163355074}, "r2": 0.945053382298313, "alpha_ann": -0.02888829394041895, "alpha_t": -1.3782299994309384}, "corr_portfolio": 0.3017466432737209, "corr_benchmark": 0.5859666293413365, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.029011289359265325, "alpha_t_5y": -1.8113436986791285, "alpha_t_full": -2.021668840175893, "r2_5y": 0.942678312657112, "alpha_pos_frac": 0.5384615384615384}, "trhrx": {"name": "T. Rowe Price Target 2040 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.022457066503680873, "ivv": 0.3763817887407708, "iwm": 0.09985990500056889, "efa": 0.14785788802962085, "vwo": 0.03884670383160831, "vnq": 0.02063361417623244, "bil": -0.6915220471442034, "shv": 0.5806272664063564, "ief": 0.29871586865673366, "tlt": 0.16153353106320617, "vblix": -0.17159189688771084, "agg": -1.0584204651631686, "vweax": 0.16408816530124865, "vmbix": 0.18580900909564668, "djp": 0.0014639528804157745, "gsg": 0.0018695228718296852, "gld": 0.0158738037577347, "fxe": 0.039310583027429194, "fxy": 0.008389413749200547, "shy": 0.2636158283934787, "lqd": -0.019184055667530925, "hyg": 0.08418084313630983, "pff": -0.0006605009596916697, "emb": 0.08785677077398407, "tip": -0.004871268505123822, "vtv": -0.10001816008163948, "xlk": -0.02597059688633605, "xlf": -0.018012742358683057, "xle": 0.01723960825758744, "xlv": 0.030497452474696277, "xlp": -0.07211564670493963, "xlu": 0.011612413238841969, "xly": 0.023179618148090782, "xlb": 0.0556977008889112, "dbmf": -0.00849760463960262, "dbb": -0.00424152704186484}, "r2": 0.924284990516634, "alpha_ann": 0.007258521534829653, "alpha_t": 0.40679049781873344}, "rec5": {"n": 1416, "betas": {"qqq": 0.04956910347742932, "ivv": 0.3170773590551492, "iwm": 0.07992079428509705, "efa": 0.15158589633781835, "vwo": 0.06682640938178666, "vnq": 0.020287511965151505, "bil": 0.12281303003556893, "shv": 0.4100504997185478, "ief": 0.041057147126830194, "tlt": 0.02399351325864262, "vblix": 0.07186294257746009, "agg": -0.06860713501171666, "vweax": 0.07321520770712404, "vmbix": 0.058851804375541814, "djp": -0.0077506826385104624, "gsg": 0.008677611226255539, "gld": 0.010748096665601427, "fxe": 0.01803750480947747, "fxy": -0.011950539309637125, "shy": -0.04883051173016989, "lqd": 0.03103001917848861, "hyg": -0.013387181526046106, "pff": -0.018648906919394623, "emb": -0.0027980600134482597, "tip": 0.020311262062773273, "vtv": -0.024269637455927476, "xlk": 0.0025867041649169586, "xlf": 0.01009991803237034, "xle": 0.008008356952267986, "xlv": 0.017481347991854718, "xlp": -0.0018251210546446272, "xlu": -0.0014356925651648105, "xly": -0.005222980501382372, "xlb": 0.025686902006356687, "dbmf": 0.005152343443171437, "dbb": -0.0022338217366695487}, "r2": 0.9697533324530078, "alpha_ann": -0.025976258144049316, "alpha_t": -2.19697895224847}, "corr_portfolio": 0.29687643803098435, "corr_benchmark": 0.6203384576671678, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.007532397454080434, "alpha_t_5y": -0.8233169367423578, "alpha_t_full": 0.9384294633981347, "r2_5y": 0.9679178745026998, "alpha_pos_frac": 0.5133333333333333}, "trhyx": {"name": "T. Rowe Price Institutional High Yield Fund", "local": true, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.0007721632220096253, "ivv": -0.005224743034406505, "iwm": 0.018747205043076812, "efa": -0.009873581624798154, "vwo": -0.009650713773894199, "vnq": -0.010153134488117636, "bil": 0.4968723550981017, "shv": -0.17896942236032562, "ief": -0.03575488824618295, "tlt": 0.14412447374409476, "vblix": 0.08215635739141063, "agg": -0.6863972644536432, "vweax": 0.8909496691033931, "vmbix": 0.034818530225920345, "djp": 0.020954199959257423, "gsg": -0.0194257644458691, "gld": -0.0061302878278036935, "fxe": 0.046238705499827004, "fxy": 0.02055970100796429, "shy": 0.5723723310333024, "lqd": 0.07607457696861208, "hyg": 0.011060439081488307, "pff": 0.06819979285780838, "emb": -0.05625543448134929, "tip": 0.039259331250265164, "vtv": 0.018102203705452975, "xlk": -0.006847622790711668, "xlf": -0.014912879309386168, "xle": 0.0023419387664071565, "xlv": -0.0025599936737921015, "xlp": -0.04026475059250077, "xlu": 0.018603262254405003, "xly": 0.015360542048504962, "xlb": 0.014185238207264486, "dbmf": -0.014214449811785148, "dbb": 0.003099181718059351}, "r2": 0.7888441821127877, "alpha_ann": -0.001754581138773093, "alpha_t": -0.13288794471561446}, "rec5": {"n": 1416, "betas": {"qqq": -0.02267338334008205, "ivv": 0.04768898749907842, "iwm": -0.0011114411175481497, "efa": 0.010822294421189075, "vwo": 0.0030844390571802692, "vnq": 0.005266357042324169, "bil": 0.37365804124173446, "shv": 0.06702032171976158, "ief": -0.02376153008547848, "tlt": 0.07622169839250204, "vblix": 0.4340436165924505, "agg": 0.08754467386004432, "vweax": 0.8097652886862803, "vmbix": -0.0464536210710912, "djp": 0.006154925511892594, "gsg": 0.0004877118497544167, "gld": -0.005241374064341178, "fxe": -0.00733539997425913, "fxy": 0.00191182010444158, "shy": -0.06930739988710262, "lqd": -0.21976335262520094, "hyg": 0.005732824957862945, "pff": 0.0293803215152904, "emb": 0.0005388395473581648, "tip": 0.003485824932232251, "vtv": 0.018432634441311962, "xlk": 0.00814079128320031, "xlf": -0.0059962656896403, "xle": 0.0010476297416205109, "xlv": -0.00977426649832892, "xlp": -0.016007692295518735, "xlu": 0.002177059343540038, "xly": 0.006504976405246932, "xlb": 0.0017273201183289014, "dbmf": -0.010977222040576547, "dbb": 0.0004916655235576604}, "r2": 0.8599744862227638, "alpha_ann": -0.00345012137233757, "alpha_t": -0.3264166405137702}, "corr_portfolio": 0.2935555395326901, "corr_benchmark": 0.3729841132823971, "verdict": "CANDIDATE (semi-alpha: mostly explained by net exposure)", "alpha_ann_5y": 0.006405729034093752, "alpha_t_5y": 0.777177236068487, "alpha_t_full": 3.3729580170187567, "r2_5y": 0.849232027075457, "alpha_pos_frac": 0.5664739884393064}, "trigx": {"name": "T. Rowe Price International Value Equity Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.04756906401275035, "ivv": -0.1644917971396732, "iwm": 0.008526260892344317, "efa": 0.8273857704697887, "vwo": 0.047078517470832776, "vnq": -0.004744201263311401, "bil": -0.05257931587391808, "shv": 0.05724715281093264, "ief": -0.04225984402850301, "tlt": -0.033652213240881274, "vblix": 0.0901212630060596, "agg": -0.051057545550091614, "vweax": 0.0977077423214603, "vmbix": 0.06363253481336377, "djp": -0.0022225791629273874, "gsg": -0.01350411531237028, "gld": 0.010637957877023468, "fxe": 0.06732695443831087, "fxy": 0.010871388852805782, "shy": -0.16514722093414522, "lqd": 0.019224273893099195, "hyg": -0.058455706924092285, "pff": 0.037488148792840896, "emb": 0.043156000324260396, "tip": 0.06620419027811793, "vtv": 0.1509782599216066, "xlk": 0.04126077778323201, "xlf": 0.02457797933855871, "xle": 0.030811375520693744, "xlv": -0.009442692044855549, "xlp": -0.028035900375576805, "xlu": -0.01060684481587144, "xly": 0.019378070645114764, "xlb": -0.009060222664332505, "dbb": -0.004734833922293195}, "r2": 0.9488817289630804, "alpha_ann": 0.012668309000609187, "alpha_t": 1.1751160671724088}, "rec5": {"n": 1416, "betas": {"qqq": -0.14422386229565973, "ivv": 0.08150708891773874, "iwm": -0.007298298246013992, "efa": 0.8438526521702078, "vwo": 0.09140726039968793, "vnq": -0.0217493542434858, "bil": -0.047276096434236484, "shv": -0.09802821866550632, "ief": -0.045924516185697706, "tlt": -0.03243175230609114, "vblix": 0.09350080603512964, "agg": -0.2091642424881324, "vweax": -0.01273306066304216, "vmbix": 0.10407498918636612, "djp": 0.01653002620132923, "gsg": -0.02468562302168121, "gld": 0.0025238721948928396, "fxe": 0.11772727699298821, "fxy": -0.020122173289404074, "shy": 0.009961640655213757, "lqd": 0.08981792327761645, "hyg": 0.022873641077409478, "pff": -0.010853685211701733, "emb": 0.0429450741076046, "tip": 0.0326808584809845, "vtv": 0.15221558754624487, "xlk": 0.0002783212899834046, "xlf": -0.0009413770961382389, "xle": 0.012520067843197197, "xlv": -0.052182222389909313, "xlp": -0.018885598202529826, "xlu": -0.018814527529324516, "xly": 0.00805134668992163, "xlb": -0.013654526718598205, "dbb": -0.008160286764372814}, "r2": 0.9468314382088738, "alpha_ann": 0.05291644894487953, "alpha_t": 2.6033302719349023}, "corr_portfolio": 0.4368738108493859, "corr_benchmark": 0.5006283416085692, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.05272058027483133, "alpha_t_5y": 3.328411572025639, "alpha_t_full": 1.8157198763057274, "r2_5y": 0.9427352283734781, "alpha_pos_frac": 0.512396694214876}, "trlax": {"name": "T. Rowe Price Retirement Income 2020 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.009676024567927502, "ivv": 0.2890592407519605, "iwm": 0.06607899629233449, "efa": 0.09607795069646961, "vwo": 0.03142398925456721, "vnq": 0.013017516161745948, "bil": -0.6150348834979604, "shv": 0.2902519412939225, "ief": 0.24539467627287598, "tlt": 0.11901759721248976, "vblix": -0.09995310160731342, "agg": -0.7942367167160874, "vweax": 0.15983175991450682, "vmbix": 0.1884550828732988, "djp": 0.0021660187558245336, "gsg": 0.0005262971102792852, "gld": 0.013733553278573266, "fxe": 0.016503137123922432, "fxy": 0.010664656468413015, "shy": 0.22022798411333694, "lqd": -0.02382089286205518, "hyg": 0.08939858309196598, "pff": 0.0008837146551200153, "emb": 0.08521305802020274, "tip": 0.03041676588222851, "vtv": -0.04264724199975496, "xlk": -0.0182665446013878, "xlf": -0.023098623721845426, "xle": 0.01136129074084874, "xlv": 0.016773544751181785, "xlp": -0.047876051082952724, "xlu": 0.00876665310185412, "xly": 0.013695664061106215, "xlb": 0.033063055872254915, "dbmf": -0.0025397845987032205, "dbb": -0.004191535970818901}, "r2": 0.9113245696748506, "alpha_ann": 0.011358594865773957, "alpha_t": 0.7986608678407658}, "rec5": {"n": 1416, "betas": {"qqq": 0.030511831088678304, "ivv": 0.23158616265208756, "iwm": 0.054713397755527776, "efa": 0.10254755672962175, "vwo": 0.045937171768485004, "vnq": 0.013163192435369902, "bil": -0.13726436091853214, "shv": 0.3916276533330834, "ief": 0.08679565777691031, "tlt": 0.033498516027586196, "vblix": 0.0577123990021923, "agg": -0.14569629647178498, "vweax": 0.09400382178275551, "vmbix": 0.10471289326755635, "djp": -0.0028282709415605027, "gsg": 0.0031520054514010323, "gld": 0.007733159455249943, "fxe": 0.01139039275025405, "fxy": -0.007163100716240044, "shy": 0.04353037897920651, "lqd": 0.02781850288693031, "hyg": -0.016001142979429138, "pff": -0.014904381969066191, "emb": 0.013676518081395951, "tip": 0.055615716923362674, "vtv": 0.004668033447003331, "xlk": -0.007781478756402019, "xlf": 0.0006099294309497161, "xle": 0.002562059899793467, "xlv": 0.0010123149506751237, "xlp": -0.002657560349788599, "xlu": -0.0024617398415137334, "xly": -0.005149042316826169, "xlb": 0.012315195332659231, "dbmf": 0.012820724000168912, "dbb": -0.0013682130261631828}, "r2": 0.9626560322878712, "alpha_ann": -0.014296186827281482, "alpha_t": -1.533035645619383}, "corr_portfolio": 0.2584422867756668, "corr_benchmark": 0.6891757502935738, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.005230481137787123, "alpha_t_5y": -0.7182843293542832, "alpha_t_full": -0.06532677661208176, "r2_5y": 0.9595985942813768, "alpha_pos_frac": 0.5619047619047619}, "trlgx": {"name": "T. Rowe Price Large-Cap Growth Fund", "local": true, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.43572409196211354, "ivv": 1.1221801776081766, "iwm": 0.04670591751344802, "efa": 0.0029301365109110967, "vwo": 0.029819037153047352, "vnq": -0.004016428589183276, "bil": 0.4281004278289062, "shv": 0.03457825685226793, "ief": -0.1250249746572103, "tlt": 0.017801976022931185, "vblix": 0.03850650166794585, "agg": 0.054296353805794034, "vweax": -0.004029712267491751, "vmbix": -0.0675320940580303, "djp": -0.00992769388042623, "gsg": 0.0011167565169705042, "gld": -0.007988169196392673, "fxe": -0.001539666864512831, "fxy": -0.021723312404459835, "shy": 0.3521716025087247, "lqd": 0.005530736180146294, "hyg": 0.05239111782359287, "pff": 0.018264681737028242, "emb": -0.02748662737162728, "tip": 0.03873913725752364, "vtv": -0.8876766229147769, "xlk": -0.09994656370832819, "xlf": 0.1238182976396858, "xle": 0.020602494573329445, "xlv": 0.17275416064158527, "xlp": -0.05201516918677839, "xlu": 0.001730001956213305, "xly": 0.016306910414119136, "xlb": 0.03273650866037531, "dbb": 0.0041356578917647255}, "r2": 0.9567975534291004, "alpha_ann": -0.00967918718659605, "alpha_t": -0.7943810566731251}, "rec5": {"n": 1416, "betas": {"qqq": 0.33827902315054675, "ivv": 1.338715456011276, "iwm": 0.050753205246806474, "efa": -0.03307131538851589, "vwo": 0.03325059503877643, "vnq": 0.009522356068520033, "bil": 1.3020798510822105, "shv": -0.3109355573218244, "ief": -0.036073716801394484, "tlt": 0.08222054144321621, "vblix": 0.41338313496071777, "agg": -0.10048781551089357, "vweax": -0.15599985235478597, "vmbix": 0.029379855840243028, "djp": -0.02442626420684372, "gsg": 0.014458863506918015, "gld": 0.0004991019926857166, "fxe": -0.02007272450782072, "fxy": -0.012678373819340448, "shy": 0.23259949700942636, "lqd": -0.22976687719886885, "hyg": 0.1705994884069395, "pff": 0.005794738586049558, "emb": 0.00806930533050068, "tip": 0.062341710312132294, "vtv": -1.0896977774033425, "xlk": -0.05175079713831733, "xlf": 0.17789546215152913, "xle": 0.024012739100168157, "xlv": 0.16896473511966084, "xlp": 0.013534179119266831, "xlu": 0.0034087692960778427, "xly": -0.046466255707824464, "xlb": 0.039962568943361323, "dbb": 0.0007489802130007939}, "r2": 0.9574242836327188, "alpha_ann": -0.048819255302918294, "alpha_t": -1.9123974957469314}, "corr_portfolio": 0.14241515613408276, "corr_benchmark": 0.6056939230230594, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.03713980841438841, "alpha_t_5y": -1.5363694652924191, "alpha_t_full": 0.07824429034742189, "r2_5y": 0.9321187682287765, "alpha_pos_frac": 0.5426008968609866}, "trlvx": {"name": "SIMT CORE FIXED INCOME FUND", "local": true, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.008718047334426444, "ivv": 0.03813564494877372, "iwm": -0.005208941755750807, "efa": -0.005899023222757949, "vwo": -0.0004008519709888476, "vnq": 0.004659816263857886, "bil": -0.1477450384273266, "shv": -0.1762209474315018, "ief": 0.10859888197107705, "tlt": 0.1150074305366792, "vblix": 0.2984780148816068, "agg": 0.09279453281399837, "vweax": 0.10017619988568802, "vmbix": 0.2658535709213567, "djp": -0.0008651959045137378, "gsg": -0.0024119928320157627, "gld": 0.0015720992189331999, "fxe": 0.0002343289770180844, "fxy": 0.001455124315147425, "shy": 0.524322264071787, "lqd": 0.011380410562122184, "hyg": -0.002134962635620968, "pff": 0.005358881251457594, "emb": 0.007504983758538927, "tip": -0.03653878855368643, "vtv": 0.009235134771157805, "xlk": -0.016999124915332776, "xlf": -0.006987485713803789, "xle": 0.0009421908561220509, "xlv": -0.0018548772724110696, "xlp": -0.0010259068868164907, "xlu": -0.0004609293202496925, "xly": -0.005421595564766691, "xlb": 0.00030256432556452495, "dbb": 0.003122130167957788}, "r2": 0.9309935353613037, "alpha_ann": 0.0034672021843879693, "alpha_t": 0.9812023202571565}, "rec5": {"n": 1416, "betas": {"qqq": -0.01326273352200619, "ivv": 0.031000342478707282, "iwm": -0.0050954067546206, "efa": -0.002244359490806031, "vwo": 0.002999332055414968, "vnq": 0.003161734169679747, "bil": 0.012021178859317031, "shv": -0.22829783631056827, "ief": 0.21382151321670292, "tlt": 0.10863008556996075, "vblix": 0.33581062085474095, "agg": 0.20866694098848282, "vweax": 0.11903477476821979, "vmbix": 0.17484421138301562, "djp": -0.0002302475885611175, "gsg": -0.00019844816993249434, "gld": -0.001592009610336886, "fxe": 0.000672822422603836, "fxy": 0.0007358414804559839, "shy": 0.3869184693683068, "lqd": -0.05900358120781176, "hyg": -0.030006173543102126, "pff": 0.00851459577574996, "emb": 0.00976650779875785, "tip": -0.007593722667159702, "vtv": -0.013410613008913993, "xlk": 0.004188638317632104, "xlf": 0.0020547741374585186, "xle": 0.0030808397395956735, "xlv": 0.002972532215883966, "xlp": 0.00795664315957532, "xlu": -0.003914235434721115, "xly": 0.0011663505655810681, "xlb": 0.0006575265230027126, "dbb": -0.00024127449379571664}, "r2": 0.9750646173443706, "alpha_ann": -0.0021553127543545844, "alpha_t": -0.393308606702081}, "corr_portfolio": -0.07571077731760581, "corr_benchmark": 0.7174791376242576, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.00522945770463527, "alpha_t_5y": -1.1636040945264872, "alpha_t_full": 6.336874381815047, "r2_5y": 0.9703424982357559, "alpha_pos_frac": 0.43352601156069365}, "trmcx": {"name": "T. Rowe Price Mid-Cap Value Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.09886159022545159, "ivv": -0.008807215148011117, "iwm": 0.3076806419977837, "efa": 0.047757183043230615, "vwo": -0.013626792721695775, "vnq": 0.03649996142498215, "bil": -0.22861418749615714, "shv": 0.36006718965174983, "ief": 0.01134893326256232, "tlt": -0.00023565107678429086, "vblix": -0.004880209748577048, "agg": 0.08522334468105483, "vweax": 0.09848439962299599, "vmbix": -0.002865845019005151, "djp": 0.017944941094909354, "gsg": -0.00967933721852738, "gld": 0.011606683033070376, "fxe": 0.01205552884239775, "fxy": -0.012270492491009984, "shy": -0.19061875936750536, "lqd": -0.015974272686910602, "hyg": -0.030357374629686434, "pff": 0.02246545937248471, "emb": 0.025188568636931495, "tip": -0.032461059932323885, "vtv": 0.4295411478255663, "xlk": 0.03524829188646395, "xlf": 0.021632743971273998, "xle": 0.06488246870912612, "xlv": -0.05829319985886203, "xlp": -0.014228680404802744, "xlu": 0.0034007646752795924, "xly": 0.048146727733901204, "xlb": 0.09682556399387565, "dbb": 0.0019236843189905936}, "r2": 0.9441543749694911, "alpha_ann": 0.010340837789442177, "alpha_t": 0.8774108094352517}, "rec5": {"n": 1416, "betas": {"qqq": -0.17991006067872262, "ivv": 0.1176134472590582, "iwm": 0.28947308544081435, "efa": 0.08497011267134681, "vwo": 0.0018514287895447304, "vnq": 0.0705726660679138, "bil": -0.5844139382549799, "shv": 1.0105909751655027, "ief": 0.06629334547326354, "tlt": 0.0002475611144652459, "vblix": -0.07918923065836675, "agg": -0.2960235115093645, "vweax": 0.10017710011560238, "vmbix": 0.07048118074778416, "djp": 0.02128271419414414, "gsg": -0.01652702754451907, "gld": -0.0036646139621049913, "fxe": 0.00385853407062091, "fxy": -0.0367830709719466, "shy": -0.25227229167919957, "lqd": 0.11112769929982226, "hyg": -0.003091615421195286, "pff": 0.007232213207477713, "emb": 0.018012970891511892, "tip": 0.05104961446990668, "vtv": 0.5900737538476105, "xlk": 0.03154521255060794, "xlf": -0.029831010467588976, "xle": 0.027069625828996864, "xlv": -0.10148462380688408, "xlp": -0.043227286462377244, "xlu": -0.03464163864572326, "xly": 0.029355084729867868, "xlb": 0.10424652731631796, "dbb": 0.0013518905934674997}, "r2": 0.9332922892641503, "alpha_ann": 0.004697217508238182, "alpha_t": 0.18809466449456622}, "corr_portfolio": 0.3748937184824466, "corr_benchmark": 0.5328352832188834, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.035266695111448476, "alpha_t_5y": 1.3838789059550358, "alpha_t_full": 3.3074310146279795, "r2_5y": 0.87723821878353, "alpha_pos_frac": 0.4605263157894737}, "trmvx": {"name": "SIMT LARGE CAP VALUE FUND", "local": true, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.04981200126689039, "ivv": -0.021849644293088118, "iwm": 0.10063873060659624, "efa": 0.025194415578454483, "vwo": 0.01360210287023716, "vnq": 0.008457145845675383, "bil": 0.14276584193546105, "shv": -0.3542555055825372, "ief": -0.042243238956059755, "tlt": -0.02691967545262222, "vblix": -0.26738179254237215, "agg": -0.2149208681245882, "vweax": 0.2415276613986892, "vmbix": -0.18084871292221844, "djp": 0.0022070531782757536, "gsg": 0.0014423884943226574, "gld": -0.03480709817735211, "fxe": 0.010935856068753226, "fxy": -0.010752256465426756, "shy": 0.594116068605452, "lqd": 0.22845438404040017, "hyg": -0.06460800924905644, "pff": 0.04729754768569393, "emb": 0.016673436156890993, "tip": 0.020579946541882436, "vtv": 0.7414237829453194, "xlk": -0.09607099902037995, "xlf": 0.054491865185875815, "xle": 0.031102517384239664, "xlv": -0.013524594803540195, "xlp": 0.00330021538809089, "xlu": -0.03912347505659701, "xly": 0.017188822863594543, "xlb": 0.044661826348194655, "dbb": -0.0003675987678543255}, "r2": 0.9376884004117192, "alpha_ann": -0.010342762060210137, "alpha_t": -0.8466818361448096}, "rec5": {"n": 1416, "betas": {"qqq": -0.08593690463534992, "ivv": 0.13641735411191727, "iwm": 0.09014394185274603, "efa": 0.021031552656870747, "vwo": 0.00584624908691558, "vnq": -0.0014973161070339638, "bil": 0.04333019151678397, "shv": 0.2328830282411751, "ief": 0.04597216537670014, "tlt": 0.001227326358753027, "vblix": 0.03336243796227652, "agg": -0.33756880243928733, "vweax": -0.003091709674296548, "vmbix": 0.07836996697850611, "djp": 0.006618982226706698, "gsg": -0.005297649930933279, "gld": -0.0184248055448813, "fxe": 0.0033422477157323545, "fxy": -0.00042361137530676603, "shy": 0.08867243804422392, "lqd": 0.10870361223583917, "hyg": 0.02420184578203191, "pff": 0.029616924668588326, "emb": 0.01255170197010853, "tip": -0.005154272167099778, "vtv": 0.6693014847469552, "xlk": -0.036878089227049916, "xlf": 0.0806510755980351, "xle": 0.03761748530674701, "xlv": -0.027272975724409995, "xlp": 0.031206236058955984, "xlu": -0.026111566711987774, "xly": 0.032781933229944375, "xlb": 0.05051590915053067, "dbb": -0.009211502237134992}, "r2": 0.9683524287894231, "alpha_ann": -0.002168853924500192, "alpha_t": -0.14527421382580297}, "corr_portfolio": 0.4179553578657548, "corr_benchmark": 0.4958292132608764, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.023920842373399444, "alpha_t_5y": 1.364194432289992, "alpha_t_full": 3.206766723093051, "r2_5y": 0.9228158517763114, "alpha_pos_frac": 0.5063829787234042}, "trosx": {"name": "T. Rowe Price Overseas Stock Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.07284309546853138, "ivv": -0.028599958577116096, "iwm": 0.00655798885596044, "efa": 0.8323295890941914, "vwo": 0.057831331509338064, "vnq": -0.009244561411492958, "bil": -0.23188323353656806, "shv": -0.11989756261250475, "ief": -0.008581795843656446, "tlt": -0.002658518544496173, "vblix": 0.06309535928615788, "agg": -0.06376971425637391, "vweax": 0.061906616390067344, "vmbix": 0.0256858225781495, "djp": -0.0011198036522161562, "gsg": -0.004869844206447494, "gld": 0.00896321542642472, "fxe": 0.07063501638539103, "fxy": 0.005430253947199561, "shy": 0.09290591081313473, "lqd": -0.010691115098114752, "hyg": -0.05898813450610198, "pff": 0.01279969137487459, "emb": 0.001948740551471601, "tip": 0.04350509724360042, "vtv": 0.13492478582806208, "xlk": 0.0776792213490395, "xlf": -0.02611664545101321, "xle": 0.005146900285735865, "xlv": 0.007531091031454055, "xlp": -0.033597945067884084, "xlu": -0.014598806369742912, "xly": 0.024906167775300133, "xlb": 0.0015018131099551798, "dbmf": -0.0008750134314012437, "dbb": -0.007887887134851891}, "r2": 0.9754544635620337, "alpha_ann": 0.003912414836659229, "alpha_t": 0.29007411822375867}, "rec5": {"n": 1416, "betas": {"qqq": -0.059411833850736645, "ivv": -0.013093877072605611, "iwm": 0.0070155317109126, "efa": 0.8502457717195988, "vwo": 0.05937511823826925, "vnq": -0.010570448337260124, "bil": -0.40086399878454443, "shv": 0.4373118389619127, "ief": 0.06819072880802006, "tlt": 0.0018453039024380839, "vblix": 0.08562996653689649, "agg": -0.27682191019809205, "vweax": 0.020862999547829046, "vmbix": 0.08927233591797958, "djp": 0.005683286710341449, "gsg": -0.012420970038990243, "gld": 0.005780746865353227, "fxe": 0.06004242727025744, "fxy": -0.000786845435175115, "shy": 0.06727608726113181, "lqd": 0.06853486821676134, "hyg": -0.032909262386541634, "pff": -0.018720510565234723, "emb": -0.024590964196893644, "tip": 0.023902569690489137, "vtv": 0.1323423071582796, "xlk": 0.06517343781529954, "xlf": -0.0230902354077579, "xle": 0.002194086236093997, "xlv": -0.006283101365010187, "xlp": -0.023391719967641434, "xlu": -0.011636865078367769, "xly": 0.013491715748357641, "xlb": -0.004821567002700151, "dbmf": 0.0014701148373524337, "dbb": -0.0040040144481172085}, "r2": 0.9712313836487884, "alpha_ann": -0.007886895203264035, "alpha_t": -0.5187214130465052}, "corr_portfolio": 0.39011073874025265, "corr_benchmark": 0.539462923742001, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.0010623727397914445, "alpha_t_5y": -0.09015703884241828, "alpha_t_full": -0.5925719496960928, "r2_5y": 0.9691984453097194, "alpha_pos_frac": 0.5201793721973094}, "trpbx": {"name": "T. Rowe Price Spectrum Moderate Allocation Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.08708635106645005, "ivv": 0.21254526952302513, "iwm": 0.05343076164272525, "efa": 0.14125722555412462, "vwo": 0.05592484779112348, "vnq": 0.008042770106021056, "bil": -0.11507756966769399, "shv": 0.5171671792193427, "ief": 0.09174562809421338, "tlt": 0.02767105346308937, "vblix": 0.2598888391918747, "agg": -0.41460120745127566, "vweax": 0.017946143512847464, "vmbix": 0.17221814068067157, "djp": -0.003323834385407912, "gsg": -2.6700432267806905e-05, "gld": 0.006620197500162378, "fxe": 0.006706899489297266, "fxy": -0.00229085793483457, "shy": 0.08645149250461645, "lqd": 0.14808048503788207, "hyg": 0.03401896313840969, "pff": -0.0607537507482994, "emb": -0.027761035888457082, "tip": 0.023472647870055038, "vtv": -0.018230764056691513, "xlk": -0.011936718637706003, "xlf": 0.018953530536246325, "xle": 0.002720563358045179, "xlv": 0.03589871094857852, "xlp": -0.013719414584694148, "xlu": 0.011195983946186218, "xly": 0.005090534717463166, "xlb": 0.01699906943200824, "dbb": 0.00397539495666803}, "r2": 0.9602443668000119, "alpha_ann": -0.0012025683715350562, "alpha_t": -0.20463609071909183}, "rec5": {"n": 1416, "betas": {"qqq": 0.054814830306806006, "ivv": 0.28034392043028233, "iwm": 0.056110533291418324, "efa": 0.12755756861949494, "vwo": 0.06060257353807739, "vnq": 0.012606233741155375, "bil": 0.3216387210254565, "shv": 0.09261285576266844, "ief": 0.06531053514181827, "tlt": 0.024659813402223753, "vblix": 0.07909273640056515, "agg": 0.08861346426969051, "vweax": 0.08507907606087395, "vmbix": 0.04852763881068317, "djp": -0.008944972772114614, "gsg": 0.006008664915521724, "gld": 0.014625680498874045, "fxe": -0.009807709055099718, "fxy": -0.009942231954003709, "shy": -0.10185523728966085, "lqd": -0.0066109731941753165, "hyg": -0.04061970109317206, "pff": -0.02069321056887742, "emb": -0.02668722884780392, "tip": 0.0006266198919249805, "vtv": -0.03811796551545106, "xlk": -0.009109132505212756, "xlf": 0.01677345814464647, "xle": 0.004942096574240946, "xlv": 0.014392441693577765, "xlp": -0.004866292217199037, "xlu": 0.0007357007371117087, "xly": -0.003966251064736911, "xlb": 0.01649935420462822, "dbb": 0.0017805073443452717}, "r2": 0.9666673268997267, "alpha_ann": -0.019200792475171584, "alpha_t": -1.9001737673423813}, "corr_portfolio": 0.30385994820148754, "corr_benchmark": 0.6521074357638844, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.00344334456146991, "alpha_t_5y": -0.43813047273725875, "alpha_t_full": 4.48052039437517, "r2_5y": 0.9642600779897569, "alpha_pos_frac": 0.5028901734104047}, "trrax": {"name": "T. Rowe Price Retirement 2010 Fund", "local": true, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.004365646635532003, "ivv": 0.25579118902378595, "iwm": 0.05343654239209952, "efa": 0.0751272997901205, "vwo": 0.01833120747053363, "vnq": 0.007189303062564149, "bil": -0.3794051676485231, "shv": 0.25500059527514074, "ief": 0.24197268822865703, "tlt": 0.12154493779232864, "vblix": -0.037425822060776916, "agg": -0.6936068338245187, "vweax": 0.16219714624519624, "vmbix": 0.1671394341521796, "djp": -0.005813575760548867, "gsg": 0.005099041249278999, "gld": 0.016531594604885513, "fxe": 0.029654253228113128, "fxy": 0.013071213366790839, "shy": 0.21341258710527655, "lqd": -0.029050505990239898, "hyg": 0.06270871320080997, "pff": 0.0008319140013886684, "emb": 0.06018775816449159, "tip": 0.03859489627044301, "vtv": -0.037150846425313154, "xlk": -0.015967904042970587, "xlf": -0.017704274961446564, "xle": 0.008698903016224443, "xlv": 0.01097178345692507, "xlp": -0.041194588642057946, "xlu": 0.0016931183719553341, "xly": 0.014316458446856722, "xlb": 0.028288168709750382, "dbmf": 0.0023444882527922737, "dbb": -0.0018793817451489801}, "r2": 0.9089791516345744, "alpha_ann": 0.009767891304092757, "alpha_t": 0.8123996377078131}, "rec5": {"n": 1416, "betas": {"qqq": 0.012353581743907896, "ivv": 0.19769757513247846, "iwm": 0.04438635339661495, "efa": 0.08752331216387148, "vwo": 0.039658131936149366, "vnq": 0.010400200508328522, "bil": 0.016929496427086355, "shv": 0.3565769712724569, "ief": 0.083071653282429, "tlt": 0.015541960098828743, "vblix": 0.032165791978994655, "agg": -0.0694951247580357, "vweax": 0.11767222204378691, "vmbix": 0.10868525511389816, "djp": -0.002509768040952654, "gsg": 0.0031011771615683356, "gld": 0.008858077134134145, "fxe": 0.004515633381957399, "fxy": -0.0012169530637828924, "shy": -0.0407745104616771, "lqd": 0.028587493876510935, "hyg": -0.030716545329032778, "pff": -0.013636816734670449, "emb": 0.012502180328475457, "tip": 0.06934240823987402, "vtv": -0.005852590056755791, "xlk": 0.007793764270787331, "xlf": 0.008211270179267417, "xle": 0.005028354108805887, "xlv": 0.00401446215150657, "xlp": 0.0028353094284093495, "xlu": -0.0033815112563290698, "xly": -0.0011823227236129295, "xlb": 0.008379076340401094, "dbmf": 0.0067623832174160264, "dbb": -0.0005282759343518614}, "r2": 0.9685776482367348, "alpha_ann": -0.013386998179248918, "alpha_t": -1.7669885877228002}, "corr_portfolio": 0.2794188545031089, "corr_benchmark": 0.6653124654412251, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.0031353732516558614, "alpha_t_5y": 0.5079741575060417, "alpha_t_full": 1.2442544376734421, "r2_5y": 0.9630061435042842, "alpha_pos_frac": 0.4797687861271676}, "trrbx": {"name": "T. Rowe Price Retirement 2020 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.0012419661387679526, "ivv": 0.2702439208434119, "iwm": 0.05531489394681337, "efa": 0.09764259503256324, "vwo": 0.03115718179099653, "vnq": 0.0072270991474703075, "bil": -0.5062068621149876, "shv": 1.050672781509168, "ief": 0.4073154190087327, "tlt": 0.13382529750717695, "vblix": 0.1587406749830167, "agg": -1.3338987490439285, "vweax": 0.07394095989994222, "vmbix": 0.35159323686993116, "djp": -0.0029610742740261123, "gsg": 0.0014835426431337004, "gld": 0.013954260044670532, "fxe": 0.021539094533100253, "fxy": 0.013394145555602229, "shy": 0.09821432139406719, "lqd": 0.13377199183284258, "hyg": 0.1331924383151657, "pff": -0.0649275256821102, "emb": 0.029791900843547204, "tip": 0.043269159420590335, "vtv": -0.025159498864679823, "xlk": -0.006179811221143054, "xlf": -0.015195876565847623, "xle": 0.011749981623402753, "xlv": 0.027872926314997302, "xlp": -0.042493078143734715, "xlu": 0.011990366607424367, "xly": 0.019454870146158782, "xlb": 0.03276917342742373, "dbmf": 0.007961788990151111, "dbb": -0.005951492244247368}, "r2": 0.9175096690826551, "alpha_ann": -0.006066355806527603, "alpha_t": -0.445564467207568}, "rec5": {"n": 1416, "betas": {"qqq": 0.020620444447402034, "ivv": 0.23116674050487843, "iwm": 0.0520524150664794, "efa": 0.09872449963893863, "vwo": 0.04685368744011604, "vnq": 0.0125646820717117, "bil": -0.048177795430869905, "shv": 0.46838921572576947, "ief": 0.08136238909693154, "tlt": 0.01901018437334472, "vblix": 0.04278528402103345, "agg": -0.05546721286860937, "vweax": 0.10239438907716311, "vmbix": 0.09262314309200297, "djp": -0.0028394210282103134, "gsg": 0.0039876153823376085, "gld": 0.007756978668770992, "fxe": 0.007942909371378959, "fxy": -0.004963200884030342, "shy": -0.05867891844798582, "lqd": 0.02501825296544376, "hyg": -0.027674094580822074, "pff": -0.014216758877152997, "emb": 0.013076916593816356, "tip": 0.05080939821734166, "vtv": -0.01952143417096967, "xlk": 0.0019600216157443845, "xlf": 0.011336002201356925, "xle": 0.00573741596355294, "xlv": 0.008500016589212112, "xlp": 0.0011961847044744723, "xlu": -0.002466138474198294, "xly": -0.0032052964321382625, "xlb": 0.013901143900187242, "dbmf": 0.008766178612893322, "dbb": -0.0013533415918202084}, "r2": 0.9697546469120759, "alpha_ann": -0.01400038234877459, "alpha_t": -1.6851276889017008}, "corr_portfolio": 0.2987242249086373, "corr_benchmark": 0.6078040258946251, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.0011337241319269097, "alpha_t_5y": -0.1739746620620052, "alpha_t_full": 1.116290604623269, "r2_5y": 0.9669916504930995, "alpha_pos_frac": 0.5605381165919282}, "trrcx": {"name": "T. Rowe Price Retirement 2030 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.026780349150687333, "ivv": 0.31210398184592175, "iwm": 0.07688893669827188, "efa": 0.1220766039873691, "vwo": 0.041330807218346845, "vnq": 0.020522635304244946, "bil": -0.4973270035786889, "shv": 0.27101699970037196, "ief": 0.29247594040387037, "tlt": 0.15006372406209895, "vblix": -0.13029380607807067, "agg": -1.0039388238273357, "vweax": 0.14231669649820247, "vmbix": 0.21354037589646305, "djp": -0.001968624315523416, "gsg": 0.00379791238950049, "gld": 0.018109720945609507, "fxe": 0.022198739917536504, "fxy": 0.006420023919777682, "shy": 0.24992851915729983, "lqd": -0.037420261008841035, "hyg": 0.11405023099181022, "pff": 0.010365909243206742, "emb": 0.09904879468417283, "tip": -0.006563010292375027, "vtv": -0.11054511978012624, "xlk": -0.015114537521519499, "xlf": -0.0028845274171263066, "xle": 0.021822529131375692, "xlv": 0.04592909294481247, "xlp": -0.05557609594942897, "xlu": 0.011848508998369483, "xly": 0.022339472436915704, "xlb": 0.05813412637912798, "dbmf": -0.0017610858246182165, "dbb": -0.009880780901304214}, "r2": 0.9086484587654271, "alpha_ann": 0.009645069839450019, "alpha_t": 0.5215303688879814}, "rec5": {"n": 1416, "betas": {"qqq": 0.046555804598642475, "ivv": 0.2737984377110972, "iwm": 0.07225032747443588, "efa": 0.12996404543738596, "vwo": 0.061855364896824416, "vnq": 0.02058746640254876, "bil": 0.06130967694203561, "shv": 0.4408697246468573, "ief": 0.06974081329057207, "tlt": 0.024044246191499915, "vblix": 0.06912906896665662, "agg": -0.056211921906781565, "vweax": 0.08013380686766368, "vmbix": 0.06742986131705313, "djp": -0.004125137719376275, "gsg": 0.005523816057254591, "gld": 0.006784938121566733, "fxe": 0.020724677486863866, "fxy": -0.011149923948143623, "shy": -0.06587548267406211, "lqd": 0.01919448676708442, "hyg": -0.006333391192245581, "pff": -0.021138568861942698, "emb": 0.004127838076162527, "tip": 0.020251745640185257, "vtv": -0.053185490057298355, "xlk": 0.004344264204580152, "xlf": 0.023353648003784443, "xle": 0.011000335027390154, "xlv": 0.020409370892303876, "xlp": 0.009260525133699658, "xlu": 0.0009122464663011173, "xly": -0.004342225987691385, "xlb": 0.02366068520034984, "dbmf": 0.007811156455615906, "dbb": -0.0023840224037316275}, "r2": 0.9684908581620362, "alpha_ann": -0.021408198014004926, "alpha_t": -1.96358311667555}, "corr_portfolio": 0.298281333930085, "corr_benchmark": 0.6116897426441269, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.006937856125564424, "alpha_t_5y": -0.8177642491465346, "alpha_t_full": 0.7818011279280109, "r2_5y": 0.966145740139196, "alpha_pos_frac": 0.5560538116591929}, "trrdx": {"name": "T. 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Rowe Price Real Estate Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.020313359160152922, "ivv": -0.08274746878019897, "iwm": -0.011917970141773575, "efa": 0.015360768835242062, "vwo": -0.01629235934676794, "vnq": 0.9951991435482755, "bil": 0.10354017023589394, "shv": -0.260936266589812, "ief": -0.12369567546741132, "tlt": 0.016121481058953436, "vblix": -0.07955133067154599, "agg": -0.06671098644637154, "vweax": 0.04815456412449591, "vmbix": 0.09322326918904429, "djp": 0.02322394718599878, "gsg": -0.017594123577167674, "gld": -0.01269739761095914, "fxe": -0.006144456258188653, "fxy": -0.0012200334691480268, "shy": 0.22072445791049108, "lqd": 0.02373578899496635, "hyg": 0.0013509844789412547, "pff": -0.04590220960634256, "emb": -0.010915643285977598, "tip": -0.014636089551689163, "vtv": 0.11272583078785332, "xlk": 0.002233908291801243, "xlf": 0.022358948111335472, "xle": 0.005079542226181945, "xlv": -0.019243107255141275, "xlp": -0.019078934202433832, "xlu": -0.0029624046027873796, "xly": 0.023564460216161723, "xlb": -0.003584533670943413, "dbb": 0.0025495700629297752}, "r2": 0.9678982966579471, "alpha_ann": -0.007734644163475242, "alpha_t": -0.7633690944227564}, "rec5": {"n": 1416, "betas": {"qqq": -0.05844071893327704, "ivv": 0.03214074917089913, "iwm": -0.044037432109674236, "efa": 0.021821836543846954, "vwo": -0.015714969494028588, "vnq": 1.0102438971442158, "bil": 0.7252936030924227, "shv": -0.6504105746997624, "ief": 0.022360019132204548, "tlt": 0.007724031518776602, "vblix": -0.009398280722037551, "agg": -0.23143843636014488, "vweax": -0.013668825262787112, "vmbix": 0.06079760537305246, "djp": 0.0037316197972695276, "gsg": 0.007381349589574798, "gld": 0.0027850750390223077, "fxe": -0.019363780283560266, "fxy": -0.003433336179468406, "shy": 0.10741804333753276, "lqd": 0.0682654193139314, "hyg": 0.06359951170519608, "pff": -0.04247610765456384, "emb": -0.0029834993942794014, "tip": -0.0377615579955441, "vtv": 0.026508954213410305, "xlk": 0.010868422658799632, "xlf": -0.008481143770496049, "xle": -0.003929359616396468, "xlv": -0.008121058102365577, "xlp": 0.003545174664099938, "xlu": 0.005484858239745181, "xly": 0.01674883929194137, "xlb": 0.008987053274059157, "dbb": -0.0014732538058766613}, "r2": 0.9721713341571795, "alpha_ann": -0.0002461866372790632, "alpha_t": -0.014085106897784454}, "corr_portfolio": 0.2515211343367717, "corr_benchmark": 0.5431697331007489, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.0071647154182597666, "alpha_t_5y": 0.5370450456211956, "alpha_t_full": -0.3539428543982906, "r2_5y": 0.9708868111334393, "alpha_pos_frac": 0.5433526011560693}, "trrfx": {"name": "T. Rowe Price Retirement 2005 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.008707377984183987, "ivv": 0.24679430755383244, "iwm": 0.04999936521129448, "efa": 0.07607128839420368, "vwo": 0.015246167074713443, "vnq": 0.003771929042239015, "bil": -0.4038805471030001, "shv": 0.9514335573417295, "ief": 0.349218817669244, "tlt": 0.12983329958015338, "vblix": 0.16978265207358312, "agg": -1.0581189444770653, "vweax": 0.09324372225839397, "vmbix": 0.26918662586631564, "djp": -0.0037369655599532115, "gsg": 0.001767284466477382, "gld": 0.011532348682592895, "fxe": 0.036999795119957754, "fxy": 0.01263505512809016, "shy": 0.14554795680620783, "lqd": 0.09996285677757688, "hyg": 0.09131023455966006, "pff": -0.06090834265954175, "emb": 0.01673465293166273, "tip": 0.060605124713766945, "vtv": -0.014898140526843205, "xlk": -0.012955736561359439, "xlf": -0.018806374682240078, "xle": 0.0058608245969242615, "xlv": 0.010594591955726354, "xlp": -0.03728383961841634, "xlu": 0.005549438920004886, "xly": 0.017276183053196028, "xlb": 0.021031214541168415, "dbmf": 0.0080804470650848, "dbb": -0.000937642365074905}, "r2": 0.9175758593477654, "alpha_ann": -0.005245187555766062, "alpha_t": -0.4979660349227377}, "rec5": {"n": 1416, "betas": {"qqq": 0.004918502250002191, "ivv": 0.1969783720646171, "iwm": 0.04017003315224337, "efa": 0.08182736635004137, "vwo": 0.034837124860566074, "vnq": 0.011458463370964516, "bil": -0.04590854848186084, "shv": 0.49074499699288077, "ief": 0.07701039110670152, "tlt": 0.024569302490367477, "vblix": 0.04570032712749062, "agg": -0.053415716954475286, "vweax": 0.10246416323442434, "vmbix": 0.09469145573288165, "djp": 0.0015184910046340849, "gsg": 0.0001522971298246064, "gld": 0.00693888373758604, "fxe": 0.003321914612468103, "fxy": -0.0018264821208665652, "shy": -0.02824749117052611, "lqd": 0.016988215992166846, "hyg": -0.012956075971657979, "pff": -0.016567089776876185, "emb": 0.012966420461014854, "tip": 0.07109925304610332, "vtv": -0.01101302007365372, "xlk": 0.003695582381704177, "xlf": 0.005747382894726201, "xle": 0.004180714150677476, "xlv": 0.0046948507247866166, "xlp": -0.0005935651919599332, "xlu": -0.0020286426041392167, "xly": -0.0004242784937571586, "xlb": 0.009986456299713498, "dbmf": 0.00572301347748181, "dbb": -0.001364050503635689}, "r2": 0.9641947682763778, "alpha_ann": -0.013856816709596518, "alpha_t": -1.8323567274731383}, "corr_portfolio": 0.28139335643396185, "corr_benchmark": 0.6818919935288905, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.0002817318886143186, "alpha_t_5y": -0.046753381386153814, "alpha_t_full": 0.9401621746905857, "r2_5y": 0.9596831805595085, "alpha_pos_frac": 0.547085201793722}, "trrgx": {"name": "T. Rowe Price Retirement 2015 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.0021200896071811998, "ivv": 0.2583483665157777, "iwm": 0.05672995176206024, "efa": 0.09107707955637565, "vwo": 0.02443942287033318, "vnq": 0.004394559267848309, "bil": -0.5244786923165627, "shv": 0.9993737343844119, "ief": 0.3851391222535693, "tlt": 0.1343489781915364, "vblix": 0.15943689099439934, "agg": -1.2235077419751936, "vweax": 0.08506504828936888, "vmbix": 0.31311731909384705, "djp": -0.002629975267925071, "gsg": 0.001312675848654896, "gld": 0.01103074394439043, "fxe": 0.03271639269286609, "fxy": 0.012496362709779722, "shy": 0.15612757959538373, "lqd": 0.12137312620493317, "hyg": 0.11152945598840132, "pff": -0.06433155206980824, "emb": 0.020301914959452595, "tip": 0.0456307895756084, "vtv": -0.015727141514813078, "xlk": -0.010479221309795705, "xlf": -0.018326666828349856, "xle": 0.00877302586196685, "xlv": 0.01769425834784432, "xlp": -0.03923007089966478, "xlu": 0.010225520050884715, "xly": 0.01900109460036833, "xlb": 0.025180571254337352, "dbmf": 0.009828719652786595, "dbb": -0.0024699688880999594}, "r2": 0.9199376899019712, "alpha_ann": -0.0041649560928188915, "alpha_t": -0.3413587007292101}, "rec5": {"n": 1416, "betas": {"qqq": 0.014691961734315445, "ivv": 0.2158390929156983, "iwm": 0.05040818961480783, "efa": 0.09287602254927177, "vwo": 0.04375685869513506, "vnq": 0.010069690226259021, "bil": -0.04196498523035745, "shv": 0.3964397536584365, "ief": 0.08282474900825032, "tlt": 0.015369091484882108, "vblix": 0.029877647698286307, "agg": -0.05490614398907278, "vweax": 0.1145066969623599, "vmbix": 0.08932845938268666, "djp": 0.00029836365122180907, "gsg": 0.0012801863925693663, "gld": 0.0054201966992207225, "fxe": 0.009338417584266723, "fxy": -0.003466505753684322, "shy": -0.020312212373448223, "lqd": 0.0332990404369411, "hyg": -0.034382791955996084, "pff": -0.014252180233198216, "emb": 0.013894020770734837, "tip": 0.05622997778601295, "vtv": -0.011313624607333777, "xlk": 0.0035335244097874008, "xlf": 0.008007579519371833, "xle": 0.005194098076376953, "xlv": 0.005212062538640205, "xlp": 0.0025091068407353295, "xlu": -0.001203843185568749, "xly": -0.0013105651089068918, "xlb": 0.009105819820621659, "dbmf": 0.009534488534579597, "dbb": -0.00042630955794870085}, "r2": 0.967742468534935, "alpha_ann": -0.012191538440289819, "alpha_t": -1.5035388461380015}, "corr_portfolio": 0.29613026405873155, "corr_benchmark": 0.6421584279318412, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.003499380312089762, "alpha_t_5y": 0.5390199429195418, "alpha_t_full": 0.822086996164251, "r2_5y": 0.9633154375345114, "alpha_pos_frac": 0.4682080924855491}, "trrhx": {"name": "T. 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Rowe Price Retirement Balanced Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.01609499083465757, "ivv": 0.2320510395457831, "iwm": 0.04598751629501139, "efa": 0.06794287323330149, "vwo": 0.01933688280278394, "vnq": 0.005907994490999018, "bil": -0.49884996748744914, "shv": 0.17436564466068166, "ief": 0.19185805380924706, "tlt": 0.11221927105188302, "vblix": 0.04378366760050687, "agg": -0.615074648889075, "vweax": 0.18193028045069468, "vmbix": 0.1554552481907813, "djp": -0.004523916111371676, "gsg": 0.0023891338266723836, "gld": 0.017313210412334135, "fxe": 0.006547562481863437, "fxy": 0.009791931200071354, "shy": 0.29779433922776183, "lqd": -0.04413956016386817, "hyg": 0.046800927563452784, "pff": -0.001485540623376001, "emb": 0.05094486259605419, "tip": 0.07199391568616935, "vtv": -0.037013218496087005, "xlk": -0.003906422696556937, "xlf": -0.016772055153688598, "xle": 0.011449269136965343, "xlv": 0.013139875704088968, "xlp": -0.034524744121385585, "xlu": 0.004088063563223768, "xly": 0.014312458291413567, "xlb": 0.027214984603803588, "dbmf": 0.002354138906816864, "dbb": -0.005033446743955986}, "r2": 0.8903104923853864, "alpha_ann": 0.012501420065917345, "alpha_t": 1.0156165319630657}, "rec5": {"n": 1416, "betas": {"qqq": -0.0001016477687546119, "ivv": 0.2009996114409617, "iwm": 0.040959025527094226, "efa": 0.07776024262886148, "vwo": 0.03361090617413428, "vnq": 0.005228350670747827, "bil": -0.31198810058609916, "shv": 0.5400881661129538, "ief": 0.051267219853009194, "tlt": 0.04971817668662685, "vblix": 0.24155992829179435, "agg": -0.06480932358432293, "vweax": 0.13344433167042943, "vmbix": 0.09172379701047152, "djp": -0.0043943956350790325, "gsg": 0.0018689307967564646, "gld": 0.010705421537851968, "fxe": -0.0018476186102018859, "fxy": 0.0018112293260712047, "shy": 0.05643204818264877, "lqd": -0.038913934893922586, "hyg": -0.028132815881292253, "pff": -0.017116984774488454, "emb": -0.002498800871195318, "tip": 0.09525094367347244, "vtv": -0.0024649738455415344, "xlk": 0.009202943775343192, "xlf": -0.0007533573893103425, "xle": 0.00566157255143445, "xlv": -0.00028617605288361694, "xlp": 0.005324808142839715, "xlu": -0.002027433693775675, "xly": 0.0010189283310442481, "xlb": 0.007404247911275946, "dbmf": 0.011427001896506767, "dbb": -0.0018539136589750121}, "r2": 0.9449004392934595, "alpha_ann": -0.007339567715167459, "alpha_t": -0.802652879404787}, "corr_portfolio": 0.29097661056927476, "corr_benchmark": 0.686648648646273, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.001898523579818551, "alpha_t_5y": 0.25409620787466175, "alpha_t_full": 0.5563980279406479, "r2_5y": 0.9348827609996642, "alpha_pos_frac": 0.49710982658959535}, "trrjx": {"name": "T. Rowe Price Retirement 2035 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.03599076428344791, "ivv": 0.36566355693579633, "iwm": 0.09220692793422063, "efa": 0.1496464443786539, "vwo": 0.042758829969218655, "vnq": 0.02050562642344804, "bil": -0.7028584460172536, "shv": 0.5277968225410552, "ief": 0.2924014974550689, "tlt": 0.1742245304110041, "vblix": -0.14695138318055861, "agg": -1.1142310134091928, "vweax": 0.1364430471691753, "vmbix": 0.2239581348994961, "djp": -0.0036629406181932452, "gsg": 0.003924246480375354, "gld": 0.02148702015307969, "fxe": 0.028370439909076353, "fxy": 0.002500664270589437, "shy": 0.28511661440085034, "lqd": -0.03941142467788423, "hyg": 0.11031565668284836, "pff": 0.007023585613919011, "emb": 0.09858222177974553, "tip": -0.012564060145622653, "vtv": -0.11401670981952695, "xlk": -0.023315118443340124, "xlf": -0.009930444396919771, "xle": 0.02107490999952392, "xlv": 0.04637850932439955, "xlp": -0.07119862503400247, "xlu": 0.008719772087053932, "xly": 0.027461703821066438, "xlb": 0.06659701835220602, "dbmf": -0.00033405056113374604, "dbb": -0.008538306317400029}, "r2": 0.9139434985446313, "alpha_ann": 0.00848351916858169, "alpha_t": 0.4221035098580372}, "rec5": {"n": 1416, "betas": {"qqq": 0.046953757740319374, "ivv": 0.33444463303062116, "iwm": 0.08343967855624011, "efa": 0.15768102146047197, "vwo": 0.07106350994739695, "vnq": 0.02240900697171743, "bil": 0.05998159969656185, "shv": 0.5134797950096526, "ief": 0.04633475100453257, "tlt": 0.02985698690560303, "vblix": 0.10483345671226259, "agg": -0.08223582111333114, "vweax": 0.051461010188902555, "vmbix": 0.070398811692873, "djp": -0.005285382126611688, "gsg": 0.004291667372625501, "gld": 0.009773176087911206, "fxe": 0.015530213053622293, "fxy": -0.01477984273304589, "shy": -0.0719647320478305, "lqd": 0.020315112748502756, "hyg": 0.0009572427326039624, "pff": -0.022941202152119453, "emb": -0.004124342570975834, "tip": 0.011153884945845193, "vtv": -0.042376143136095334, "xlk": 0.0033398605815851074, "xlf": 0.014704702203411123, "xle": 0.01143389398793688, "xlv": 0.0226578453040079, "xlp": 0.0020325566279873883, "xlu": -0.0015796015347065418, "xly": -0.00391728497563644, "xlb": 0.027919837189670282, "dbmf": 0.007704921435871117, "dbb": -0.001509780534862018}, "r2": 0.9694305635667361, "alpha_ann": -0.025260377136714487, "alpha_t": -2.0485319727233438}, "corr_portfolio": 0.299599963722003, "corr_benchmark": 0.6101010975450186, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.006503864751356544, "alpha_t_5y": -0.6809236447622473, "alpha_t_full": 0.33475921967760874, "r2_5y": 0.9675044643236814, "alpha_pos_frac": 0.5086705202312138}, "trrkx": {"name": "T. Rowe Price Retirement 2045 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.05306400915352552, "ivv": 0.42778755259579015, "iwm": 0.10886672578141804, "efa": 0.19907747907841014, "vwo": 0.04598850647017713, "vnq": 0.012177363438219678, "bil": -1.0064269960859398, "shv": 1.8324753746769493, "ief": 0.5035394236727335, "tlt": 0.2051517786640889, "vblix": 0.11407774999082144, "agg": -1.993108583039446, "vweax": 0.03950662371021637, "vmbix": 0.430050807585165, "djp": -0.005065895075225648, "gsg": 0.001885710802604011, "gld": 0.023810265171322394, "fxe": 0.0391193937169803, "fxy": 0.003072885340272393, "shy": 0.2442853397136222, "lqd": 0.1885351484224073, "hyg": 0.15621427354951944, "pff": -0.09183461054747111, "emb": 0.02337538618481437, "tip": 0.01310806832970854, "vtv": -0.05795452472300348, "xlk": -0.02019492670891619, "xlf": -0.023000637333811733, "xle": 0.01576680137018365, "xlv": 0.04175461325485365, "xlp": -0.08298537673950876, "xlu": 0.013449142860223074, "xly": 0.03699513864987046, "xlb": 0.06436377095071223, "dbmf": 0.010724871758921072, "dbb": -0.006144639010160893}, "r2": 0.9301264202909272, "alpha_ann": -0.01600739864703908, "alpha_t": -0.7719400268164056}, "rec5": {"n": 1416, "betas": {"qqq": 0.055936134854615266, "ivv": 0.40977636800009487, "iwm": 0.09664417592634673, "efa": 0.1928163306623395, "vwo": 0.08346540897165479, "vnq": 0.021622062593742174, "bil": -0.03176397020711621, "shv": 0.6294854503020593, "ief": 0.01440479354475759, "tlt": 0.02403975029599855, "vblix": 0.10668049545778482, "agg": -0.11852416554840382, "vweax": 0.03994939041087852, "vmbix": 0.047496111083168965, "djp": -0.007787540277855489, "gsg": 0.006303084524347111, "gld": 0.01639616059823541, "fxe": 0.009420422967665347, "fxy": -0.016990581948371594, "shy": -0.03998399636644597, "lqd": 0.03412156006527408, "hyg": -0.0026610446568563137, "pff": -0.026050710192448076, "emb": -0.01836471808577392, "tip": 0.01401513869777782, "vtv": -0.004518915695979635, "xlk": 0.0014603993279612671, "xlf": 0.0031741935729558747, "xle": 0.007996308820103284, "xlv": 0.01656603307765774, "xlp": -0.004903847040436879, "xlu": -0.004372082681362754, "xly": -0.006326395377735931, "xlb": 0.027157207503355367, "dbmf": 0.008933052818287386, "dbb": -0.0017629370179684453}, "r2": 0.9704934444791617, "alpha_ann": -0.029707758188110167, "alpha_t": -2.092767573065544}, "corr_portfolio": 0.2983804012237256, "corr_benchmark": 0.5711957232581181, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.008128961956953345, "alpha_t_5y": -0.7459782577827264, "alpha_t_full": 0.1463617380931346, "r2_5y": 0.9691368223137136, "alpha_pos_frac": 0.5144508670520231}, "trrlx": {"name": "T. 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Rowe Price Retirement 2050 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.04814827481242692, "ivv": 0.4508647085261628, "iwm": 0.11093640723739341, "efa": 0.20196402591283208, "vwo": 0.04671468632627638, "vnq": 0.012107392846777266, "bil": -1.059539660985543, "shv": 1.9223812388718395, "ief": 0.49596229397577885, "tlt": 0.21149937051700776, "vblix": 0.10787684726640381, "agg": -2.0024858665923166, "vweax": 0.044974883029999656, "vmbix": 0.4232539720716677, "djp": -0.004615947940430586, "gsg": 0.0014057464781979058, "gld": 0.025902829153014967, "fxe": 0.04164629405880675, "fxy": -0.0009240527716815524, "shy": 0.2765721247973432, "lqd": 0.1879894914318849, "hyg": 0.1534929266470253, "pff": -0.09280908030974513, "emb": 0.021002583577065137, "tip": 0.0061320456070721, "vtv": -0.05602393250489403, "xlk": -0.021306086170573564, "xlf": -0.02679772799808348, "xle": 0.014124100555768397, "xlv": 0.04000656145057239, "xlp": -0.08824863774506808, "xlu": 0.0118563347496405, "xly": 0.0359505777771669, "xlb": 0.06495915724229312, "dbmf": 0.009697953663792131, "dbb": -0.005475338483579173}, "r2": 0.930901637688148, "alpha_ann": -0.017320819960094904, "alpha_t": -0.8304088935030313}, "rec5": {"n": 1416, "betas": {"qqq": 0.04859663131081701, "ivv": 0.4269155432843065, "iwm": 0.09611690115578286, "efa": 0.19697620453995676, "vwo": 0.08525134837807442, "vnq": 0.021972270104111596, "bil": 0.027695427441678012, "shv": 0.5902071533524518, "ief": 0.0004076313002013191, "tlt": 0.023108292476944296, "vblix": 0.09452722664783643, "agg": -0.12095320392951073, "vweax": 0.04847182138316578, "vmbix": 0.04047428120825292, "djp": -0.005989164692457888, "gsg": 0.004803444767658419, "gld": 0.017893629402767598, "fxe": 0.007640859333125106, "fxy": -0.0200779029524246, "shy": -0.00399628185297143, "lqd": 0.046061650319728184, "hyg": -0.0030258685913049886, "pff": -0.02481892701145187, "emb": -0.019812165696292166, "tip": 0.004960942017529057, "vtv": 0.002579450953899622, "xlk": 0.003797218459565162, "xlf": -0.0021882940575577137, "xle": 0.007147924859520863, "xlv": 0.016472574775194603, "xlp": -0.010520511924406012, "xlu": -0.005595054458195227, "xly": -0.005973905092847419, "xlb": 0.027853245700371385, "dbmf": 0.0079749097155516, "dbb": -0.0018264103339021426}, "r2": 0.9706374754146838, "alpha_ann": -0.03134208520719008, "alpha_t": -2.175065121405363}, "corr_portfolio": 0.29816081980592246, "corr_benchmark": 0.5705376126570693, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.01228290289286564, "alpha_t_5y": -1.110946979501089, "alpha_t_full": 0.8454919543614511, "r2_5y": 0.969398802467741, "alpha_pos_frac": 0.547085201793722}, "trrnx": {"name": "T. Rowe Price Retirement 2055 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.0505558692075227, "ivv": 0.45614488579835166, "iwm": 0.11234667830703167, "efa": 0.20502834742791198, "vwo": 0.045987777622683856, "vnq": 0.011663078725505005, "bil": -1.0449187971752818, "shv": 1.8277590509483026, "ief": 0.5034816307061448, "tlt": 0.2127707666019586, "vblix": 0.12107334281700832, "agg": -2.0128444314007563, "vweax": 0.03517925438661277, "vmbix": 0.4217378724617653, "djp": -0.005855923220935844, "gsg": 0.0016663137067636897, "gld": 0.025969763710947624, "fxe": 0.039545540562415736, "fxy": 0.002054350760880008, "shy": 0.28127913863384735, "lqd": 0.18440571406735665, "hyg": 0.1517976110194552, "pff": -0.09185460428954988, "emb": 0.02135957809682057, "tip": 0.011928432752883049, "vtv": -0.04968535110606448, "xlk": -0.023086333837546828, "xlf": -0.028821303730975356, "xle": 0.0136681457476442, "xlv": 0.03792892522704063, "xlp": -0.08883373237206386, "xlu": 0.010842268843162467, "xly": 0.03435774671420868, "xlb": 0.06346094445257174, "dbmf": 0.009914944086299282, "dbb": -0.005777125908744803}, "r2": 0.9308651880954556, "alpha_ann": -0.015264808871062158, "alpha_t": -0.729067115370568}, "rec5": {"n": 1416, "betas": {"qqq": 0.05253912955104986, "ivv": 0.43452074795641077, "iwm": 0.0972334780851904, "efa": 0.1995472721198188, "vwo": 0.08542564064389832, "vnq": 0.022426316549787436, "bil": 0.010947276033749257, "shv": 0.537130112433861, "ief": 0.007911896677423907, "tlt": 0.024117648793900975, "vblix": 0.11053545598757455, "agg": -0.14283355381605214, "vweax": 0.03508029850595421, "vmbix": 0.0433940203568843, "djp": -0.006988469177626001, "gsg": 0.0054264221793941, "gld": 0.018702757085269348, "fxe": 0.005085130495726547, "fxy": -0.01730803210576608, "shy": -0.0015019645070002978, "lqd": 0.04743676738036244, "hyg": -0.009043484104888842, "pff": -0.023931888941939265, "emb": -0.01893540710547752, "tip": 0.01179236361438303, "vtv": 0.009502006105751859, "xlk": 0.0012860186506480924, "xlf": -0.0045922081143918445, "xle": 0.006093304503657192, "xlv": 0.013748594568812555, "xlp": -0.009614779719724985, "xlu": -0.006754509007742507, "xly": -0.008684098175981356, "xlb": 0.02676088371517324, "dbmf": 0.007614790247648821, "dbb": -0.0027043027885520488}, "r2": 0.9706426401727721, "alpha_ann": -0.029032043213164566, "alpha_t": -2.0041139151090657}, "corr_portfolio": 0.2978277265690301, "corr_benchmark": 0.5711043901734617, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.012559792828289526, "alpha_t_5y": -1.1295635844563545, "alpha_t_full": 0.8287595937440662, "r2_5y": 0.9693823661864609, "alpha_pos_frac": 0.5560538116591929}, "trrox": {"name": "T. Rowe Price Target 2010 Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.024302088986024616, "ivv": 0.23244565344777293, "iwm": 0.04199750139807949, "efa": 0.05689385922783209, "vwo": 0.019755752621911236, "vnq": 0.007246993643427371, "bil": -0.3611461032778304, "shv": 0.17660800773546978, "ief": 0.25114261668479515, "tlt": 0.08558327493706826, "vblix": -0.04031428547288267, "agg": -0.587012379994484, "vweax": 0.1738954425103458, "vmbix": 0.13978218650113386, "djp": 0.00018627934748013665, "gsg": 0.0017407993835418989, "gld": 0.010325774103312346, "fxe": 0.01187146326591946, "fxy": 0.017319266579356393, "shy": 0.16475171733720237, "lqd": -0.012193073474523041, "hyg": 0.054799072263097354, "pff": -0.0034367975376912332, "emb": 0.0709374154865815, "tip": 0.05358880167806068, "vtv": -0.02201263659071901, "xlk": -0.01679633334859577, "xlf": -0.021013749914987577, "xle": 0.006782791667875227, "xlv": 0.002430682496841312, "xlp": -0.03357511651897886, "xlu": 0.005674783385010983, "xly": 0.008118023247106145, "xlb": 0.020712643586039567, "dbmf": -0.0008979385906628451, "dbb": 4.098560940763059e-05}, "r2": 0.9015893938179431, "alpha_ann": 0.01342364384645047, "alpha_t": 1.2752336154942454}, "rec5": {"n": 1416, "betas": {"qqq": 0.006549873301446435, "ivv": 0.17273398296725573, "iwm": 0.03269716224512912, "efa": 0.06654524541847767, "vwo": 0.03153473438457295, "vnq": 0.0052972587821106774, "bil": -0.020161212907365243, "shv": 0.25205285406163935, "ief": 0.11142780858275612, "tlt": 0.008611547431078684, "vblix": 0.003411777757940221, "agg": -0.00031949107648764264, "vweax": 0.13980057574971602, "vmbix": 0.07160620838891778, "djp": -0.0004917959131269607, "gsg": 0.0028078342584788207, "gld": 0.00619082986207575, "fxe": -0.0008455573377641547, "fxy": 0.002693008618516572, "shy": -0.019780700860467588, "lqd": 0.014576046221800152, "hyg": -0.04746191570621948, "pff": -0.013096638499187125, "emb": 0.023835277721007107, "tip": 0.07918169033314847, "vtv": 0.000891086688744395, "xlk": -0.0031496091032504293, "xlf": 0.0049255956815505335, "xle": 0.0008382130496070859, "xlv": -0.004343408841041661, "xlp": 0.0008163488153833453, "xlu": -0.002132132732679904, "xly": -0.0024250668730924976, "xlb": 0.007903454904824898, "dbmf": 0.010111042237525483, "dbb": 0.0010238246038217769}, "r2": 0.9580491094637994, "alpha_ann": -0.0058803191983851635, "alpha_t": -0.82285995190775}, "corr_portfolio": 0.2852016210940783, "corr_benchmark": 0.719234837672153, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.0028166444492443445, "alpha_t_5y": 0.4883824726517198, "alpha_t_full": 0.5896101006632796, "r2_5y": 0.951535141998364, "alpha_pos_frac": 0.52}, "trrtx": {"name": "T. 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Rowe Price U.S. Large-Cap Core Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": -0.08283925307303758, "ivv": 0.9771209527132161, "iwm": -0.0152220010494748, "efa": 0.021791302557010943, "vwo": -0.014344086567487362, "vnq": -0.005864518496921326, "bil": 0.4255195461376996, "shv": -0.19325464158537564, "ief": -0.04304644114088555, "tlt": 0.041130826652796305, "vblix": 0.07935856671932633, "agg": -0.07858924127632337, "vweax": -0.05594561298352086, "vmbix": -0.06468045568924423, "djp": -0.01028377098247071, "gsg": 0.013147847077714197, "gld": -0.0029071746572743085, "fxe": -0.011438190055186974, "fxy": -0.02087405981589441, "shy": 0.2798910367944568, "lqd": -0.00692597198764252, "hyg": -0.0069774122538206135, "pff": 0.02522130855695918, "emb": 0.00550785168782386, "tip": 0.03716924581777726, "vtv": -0.09105924729588279, "xlk": 0.03872678789889297, "xlf": 0.029292539574707142, "xle": -0.01619052860171933, "xlv": 0.061009953385783654, "xlp": 0.04167964948006644, "xlu": 0.006470225608061823, "xly": -0.02529413722679956, "xlb": 0.04051733617101996, "dbmf": -0.0014801779734586532, "dbb": -0.0042935681827329444}, "r2": 0.9783481095226908, "alpha_ann": -0.012569604215367552, "alpha_t": -0.9807501907318508}, "rec5": {"n": 1416, "betas": {"qqq": -0.09115115398567394, "ivv": 1.06926501648081, "iwm": -0.007241147199695072, "efa": 0.009255708641390433, "vwo": -0.018108351556961912, "vnq": -0.010770336904120542, "bil": 0.45831382262643156, "shv": 0.10130610605842355, "ief": 0.03309041151883999, "tlt": 0.03435061110761145, "vblix": 0.2214418822450197, "agg": -0.10390839481034399, "vweax": -0.13512515194315727, "vmbix": 0.029818766081364304, "djp": -0.015355921270094813, "gsg": 0.017599565203879296, "gld": -0.0014060509958768843, "fxe": -0.014212185323853837, "fxy": -0.019388489258397305, "shy": -0.0323812956715322, "lqd": -0.04395918751621973, "hyg": 0.08105569179308526, "pff": -0.028473990635672235, "emb": -0.010196296337071904, "tip": -0.012944962134289901, "vtv": -0.05997933357741198, "xlk": 0.01958990926864885, "xlf": 0.011945774109732044, "xle": -0.024732228580975787, "xlv": 0.038208137843641785, "xlp": 0.05619155155063903, "xlu": 0.00426363619306135, "xly": -0.046519172096311054, "xlb": 0.045863952999994975, "dbmf": -0.009220399961665769, "dbb": -0.001262631754673383}, "r2": 0.9692648950018485, "alpha_ann": -0.017516699787779307, "alpha_t": -1.1406757539603778}, "corr_portfolio": 0.2862033297916868, "corr_benchmark": 0.612235786722797, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.003332001211170131, "alpha_t_5y": -0.266754156644365, "alpha_t_full": 0.20061136917333225, "r2_5y": 0.9638382090517676, "alpha_pos_frac": 0.48}, "trvlx": {"name": "T. Rowe Price Value Fund, Inc.", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.03715078865908655, "ivv": 0.08905178318743145, "iwm": 0.04960548512394613, "efa": 0.04287775360432789, "vwo": 0.013308603226404269, "vnq": 0.007197350502824941, "bil": 0.07726778959360686, "shv": 0.2325077014939245, "ief": -0.10425832436668013, "tlt": -0.007935481001812522, "vblix": -0.00095438038377118, "agg": 0.08721808895597287, "vweax": -0.01680834530049559, "vmbix": -0.10978638428906197, "djp": 0.01024462982051648, "gsg": -0.005219348429574349, "gld": -0.005713206905924754, "fxe": -0.023570061794856573, "fxy": -0.02551026971798901, "shy": 0.15745551419771245, "lqd": 0.02985626191193084, "hyg": -0.007889751906882079, "pff": 0.029897566705185737, "emb": 0.005640108288176094, "tip": 0.04804303269406646, "vtv": 0.43014605419326263, "xlk": -0.00744166251389581, "xlf": 0.10079118789851559, "xle": 0.019203655043485302, "xlv": 0.08791574243405519, "xlp": 0.023720458326714287, "xlu": 0.04366005089985278, "xly": -0.007839786912934299, "xlb": 0.06812800099074681, "dbb": -0.010364067904275381}, "r2": 0.9637161449838721, "alpha_ann": -0.005348539717318711, "alpha_t": -0.5897478688669406}, "rec5": {"n": 1416, "betas": {"qqq": 0.032886548252997305, "ivv": 0.16753545550037363, "iwm": 0.0730712334389183, "efa": 0.03881313775796652, "vwo": 0.006700734333496263, "vnq": 0.006338172968931647, "bil": 0.47060299164500974, "shv": 0.2635081741654469, "ief": 0.0287340818465455, "tlt": 0.019253015542644487, "vblix": 0.08020862536089562, "agg": -0.04267457908502249, "vweax": -0.031236402189082555, "vmbix": -0.061292950669354196, "djp": 0.002035806505789144, "gsg": 0.008791139638519237, "gld": -0.003111225069084363, "fxe": -0.028087757989897846, "fxy": -0.01386540042486267, "shy": -0.014724748600814736, "lqd": 0.03051801948200448, "hyg": -0.05426482819477018, "pff": -0.03741925509437932, "emb": -0.016759054112555325, "tip": 0.0323863900795904, "vtv": 0.5028767869842813, "xlk": -0.04233387489678659, "xlf": 0.08397144515497218, "xle": 0.0036044658551128497, "xlv": 0.04960063021178556, "xlp": 0.04726299519218188, "xlu": 0.019087396388872083, "xly": -0.01886465584647208, "xlb": 0.04376005264326134, "dbb": -0.009216733834504498}, "r2": 0.9356214743280007, "alpha_ann": -0.018753476942201152, "alpha_t": -0.9407563818393884}, "corr_portfolio": 0.37788207395631823, "corr_benchmark": 0.5409339904373314, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.020406853531374496, "alpha_t_5y": 1.0672640523682002, "alpha_t_full": 1.3155812713646973, "r2_5y": 0.8947591114541176, "alpha_pos_frac": 0.4793388429752066}, "trzix": {"name": "T. Rowe Price Small-Cap Index Fund", "local": false, "alpha_name": false, "full": {"n": 1575, "betas": {"qqq": -0.01647105598356219, "ivv": 0.006823238060568948, "iwm": 1.0015815539982413, "efa": 0.0028903905200200987, "vwo": -0.006076328994549073, "vnq": 0.005364194327025306, "bil": 0.1913251354659061, "shv": 0.14190807165365055, "ief": -0.04310146621801811, "tlt": 0.032046875832232716, "vblix": 0.056582781352628786, "agg": -0.07956410292081983, "vweax": 0.0055979150896033275, "vmbix": 0.040503426301699105, "djp": -0.007773048840990111, "gsg": 0.00462241468550327, "gld": 0.008014453609339254, "fxe": 0.003509817123820524, "fxy": -0.0140819495618558, "shy": 0.07416487419992138, "lqd": -0.0004781053974982048, "hyg": 0.01605273169887796, "pff": -0.009333275671841794, "emb": -0.0004368464633531292, "tip": -0.01862018461915423, "vtv": -0.010756987435709013, "xlk": 0.017265674932451007, "xlf": -0.006395264442861527, "xle": 0.005110136649568361, "xlv": -0.006761798723387111, "xlp": -0.0018491848450124463, "xlu": -0.0075375044724483595, "xly": 0.0013026532376892962, "xlb": 0.0013868240753422897, "dbmf": -0.005523741451664361, "dbb": -0.002067206535771693}, "r2": 0.9945458402530994, "alpha_ann": -0.007991402269912417, "alpha_t": -0.9129289921574745}, "rec5": {"n": 1416, "betas": {"qqq": -0.023536486582937555, "ivv": 0.02871482318773343, "iwm": 1.0011251538022432, "efa": -0.0017423406300796367, "vwo": -0.005183693870745971, "vnq": 0.006149047626970923, "bil": 0.17825552427215605, "shv": 0.1483488152942603, "ief": -0.039692693456638346, "tlt": 0.0340282244233808, "vblix": 0.07236743578012957, "agg": -0.08383492221644831, "vweax": 0.007965143145992391, "vmbix": 0.03898998558784843, "djp": -0.008219404493622339, "gsg": 0.0063772683600422, "gld": 0.009346919584743709, "fxe": 0.00022299731936149648, "fxy": -0.013360170889840376, "shy": 0.08452212573301286, "lqd": -0.007097508777457658, "hyg": 0.018047335497549645, "pff": -0.007872878019935897, "emb": 0.0026808181243277796, "tip": -0.025272213570214513, "vtv": -0.00529805736240098, "xlk": 0.012648082906673148, "xlf": -0.011148915426691977, "xle": 0.002797780897780668, "xlv": -0.010664442435297879, "xlp": -0.0038742090601421118, "xlu": -0.009899897203005084, "xly": 0.001865961116137762, "xlb": 0.000889674091294871, "dbmf": -0.006875001192178463, "dbb": -0.0033229873383707788}, "r2": 0.9940989534935931, "alpha_ann": -0.009292015299344814, "alpha_t": -0.9508034298357012}, "corr_portfolio": 0.14804798480358977, "corr_benchmark": 0.5677063820099201, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.0024425270914342112, "alpha_t_5y": 0.3261218166405895, "alpha_t_full": 0.35708335296757704, "r2_5y": 0.9937932502080089, "alpha_pos_frac": 0.4782608695652174}, "tsbax": {"name": "T. Rowe Price Retirement Blend 2020 Fund", "local": false, "alpha_name": false, "full": {"n": 1275, "betas": {"qqq": 0.04623130104404745, "ivv": 0.22090413123981062, "iwm": 0.048239279581822433, "efa": 0.10275953048347966, "vwo": 0.037374669761360606, "vnq": 0.008028478740091645, "bil": 0.10182202518965765, "shv": 0.21213188858390863, "ief": 0.03986811036493109, "tlt": 0.03251500048324219, "vblix": 0.0945918559942184, "agg": -0.049713843932676645, "vweax": 0.0846209716857057, "vmbix": 0.10170216767260974, "djp": -0.0032189240522736457, "gsg": 0.002880445470881261, "gld": 0.00606950061743352, "fxe": 0.013641346283301412, "fxy": -0.0008263099912697605, "shy": 0.03234591091386027, "lqd": 0.009493107523681045, "hyg": -0.03026499820884882, "pff": -0.003132926608956346, "emb": 0.014669882650434138, "tip": 0.05589106374182805, "vtv": 0.002535387924784518, "xlk": -0.009045465096128856, "xlf": 0.010050997943955208, "xle": 0.004548950336424668, "xlv": 0.003977457061312449, "xlp": -0.006007235626533062, "xlu": 0.0035695845103727425, "xly": -0.004804993891917353, "xlb": 0.01555714227172204, "dbmf": 0.008743792480092584, "dbb": 0.0015851458910698078}, "r2": 0.9762122862905241, "alpha_ann": -0.012845145030795433, "alpha_t": -1.5244194685947858}, "rec5": {"n": 1275, "betas": {"qqq": 0.04623130104404745, "ivv": 0.22090413123981062, "iwm": 0.048239279581822433, "efa": 0.10275953048347966, "vwo": 0.037374669761360606, "vnq": 0.008028478740091645, "bil": 0.10182202518965765, "shv": 0.21213188858390863, "ief": 0.03986811036493109, "tlt": 0.03251500048324219, "vblix": 0.0945918559942184, "agg": -0.049713843932676645, "vweax": 0.0846209716857057, "vmbix": 0.10170216767260974, "djp": -0.0032189240522736457, "gsg": 0.002880445470881261, "gld": 0.00606950061743352, "fxe": 0.013641346283301412, "fxy": -0.0008263099912697605, "shy": 0.03234591091386027, "lqd": 0.009493107523681045, "hyg": -0.03026499820884882, "pff": -0.003132926608956346, "emb": 0.014669882650434138, "tip": 0.05589106374182805, "vtv": 0.002535387924784518, "xlk": -0.009045465096128856, "xlf": 0.010050997943955208, "xle": 0.004548950336424668, "xlv": 0.003977457061312449, "xlp": -0.006007235626533062, "xlu": 0.0035695845103727425, "xly": -0.004804993891917353, "xlb": 0.01555714227172204, "dbmf": 0.008743792480092584, "dbb": 0.0015851458910698078}, "r2": 0.9762122862905241, "alpha_ann": -0.012845145030795433, "alpha_t": -1.5244194685947858}, "corr_portfolio": 0.10754332722181416, "corr_benchmark": 0.7945064432509238, "verdict": "sleeve mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": -0.0027408521604786397, "alpha_t_5y": -0.43407841123629654, "alpha_t_full": -0.43407841123629654, "r2_5y": 0.9738108082764417, "alpha_pos_frac": 0.6}, "tsbpx": {"name": "Nuveen Core Impact Bond Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.0012040924740123644, "ivv": 0.002179812001461119, "iwm": 0.003886561559629135, "efa": -0.009115219927742484, "vwo": -0.004476462089989329, "vnq": 0.006434404548110622, "shv": 0.0014475998508551291, "ief": 0.10731617809871981, "tlt": 0.1255972952589097, "vblix": 0.08990244636102208, "agg": 0.059825995928624136, "vweax": 0.10130993825061499, "vmbix": 0.08908523593175964, "djp": -0.007461042702798565, "gsg": 0.0015072751668113835, "gld": 0.00750121472560266, "fxe": 0.007177118855707387, "fxy": 0.03340971174649036, "shy": 0.028528185467512734, "lqd": 0.0393199437147361, "hyg": 0.030851395398083743, "pff": 0.004336111735190437, "emb": 0.011361408994543323, "tip": 0.03580152050704886, "vtv": 0.007813923590331574, "xlk": -0.006476705651202048, "xlf": -0.012506324881145062, "xle": -0.004906262565494526, "xlv": 0.004659932553272145, "xlp": -0.00022930564590265787, "xlu": 0.005743195319587859, "xly": 0.001623796824388465, "xlb": -0.003967137830465747, "dbmf": -0.017428764873743122, "dbb": 0.005262632592789691}, "r2": 0.8964652530632198, "alpha_ann": 0.008879299701547726, "alpha_t": 1.4670831458649802}, "rec5": {"n": 1416, "betas": {"qqq": -0.004071156119274534, "ivv": -0.00273670492697253, "iwm": 0.004090705605022459, "efa": -0.0009163460138714187, "vwo": -0.002423331268345216, "vnq": 0.004854465731002231, "shv": 0.0014542492919865052, "ief": 0.097449622786153, "tlt": 0.12201182081496076, "vblix": 0.0508497563610451, "agg": 0.068189969287572, "vweax": 0.06634322108502586, "vmbix": 0.08385947443020367, "djp": -0.0014519756630318127, "gsg": -0.002646204916600298, "gld": 0.010446745748648949, "fxe": 0.0037105288829968664, "fxy": 0.020335016465715693, "shy": 0.027625502522019653, "lqd": 0.06255531422099773, "hyg": 0.01535696623347002, "pff": 0.01636104132784574, "emb": 0.02875771999098557, "tip": 0.05616533594895306, "vtv": 0.0029087620562076788, "xlk": -0.0055637180744768245, "xlf": -0.006103776444530108, "xle": -0.004962519679723607, "xlv": 0.0004232316890074599, "xlp": -0.003920690790672554, "xlu": 0.0018614880606198016, "xly": 0.004947716365571696, "xlb": -0.0049845454314700645, "dbmf": -0.017502089670298294, "dbb": 0.0010742129528755946}, "r2": 0.9183084397106168, "alpha_ann": 0.0018058546521012566, "alpha_t": 0.2782978700328806}, "corr_portfolio": -0.08436424084916484, "corr_benchmark": 0.686817447574109, "verdict": "sleeve mix (R\u00b2 high) - 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Rowe Price Short Duration Income Fund", "local": false, "alpha_name": false, "full": {"n": 1432, "betas": {"qqq": -0.0005681149059372087, "ivv": 0.021041856688040705, "iwm": -0.005652555498437108, "efa": -0.006514580048819755, "vwo": 0.004252203533357128, "vnq": -0.000360277086070838, "bil": -0.08766337565575401, "shv": 0.16202282743359306, "ief": 0.025905612629439963, "tlt": 0.01662289057410319, "vblix": 0.269114566507813, "agg": 0.0654720840249856, "vweax": 0.13430464967729536, "vmbix": -0.0064688288214352924, "djp": -0.001195678520712735, "gsg": 0.0024466856821609368, "gld": -0.0012099446369623359, "fxe": 0.0018688101620145832, "fxy": 0.0010574056006563111, "shy": 0.6876321717202741, "lqd": -0.10385301998541782, "hyg": -0.028473454094448458, "pff": -0.005070183736832324, "emb": -0.012306917703118953, "tip": 0.00223630645300205, "vtv": 0.008727645728097425, "xlk": -0.0024855692285228894, "xlf": 0.0015366813462332233, "xle": -0.0007701863270065872, "xlv": 0.0010084144653074816, "xlp": 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(R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.03689533163448715, "alpha_t_5y": 1.1667319441134392, "alpha_t_full": 1.3940836157278036, "r2_5y": 0.8678117259776358, "alpha_pos_frac": 0.4396551724137931}, "udbpx": {"name": "UBS Sustainable Development Bank Bond Fund", "local": false, "alpha_name": false, "full": {"n": 1833, "betas": {"qqq": 0.015068822288202194, "ivv": -0.005103458587645406, "iwm": 0.0019436840665572252, "efa": -0.0025571727153125123, "vwo": 6.900935561444959e-05, "vnq": 0.007478408630039942, "bil": -0.06715782118085857, "shv": -0.09966986316684122, "ief": 0.5320977376471194, "tlt": -0.028784205611143723, "vblix": 0.04265034842106108, "agg": 0.020599714016248227, "vweax": -0.0022853818290025666, "vmbix": 0.018261556551487874, "djp": -0.0018104952877603375, "gsg": 0.0030077218824257814, "gld": 0.003201985708594649, "fxe": -0.0013410801538755205, "fxy": 0.004283437088163999, "shy": 0.4925387314363652, "lqd": -0.018839386345733795, "hyg": -0.0012715685290460741, 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Tax-Exempt Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": -0.015499899938752762, "ivv": -0.018772988654178317, "iwm": -0.007795324425601958, "efa": -0.029233036485057404, "vwo": 0.012130872788559021, "vnq": 0.018465431189901606, "bil": -0.13411916157979206, "shv": 0.2801964240733091, "ief": 0.039726133352344525, "tlt": -0.0011638532995791168, "vblix": 0.21175507881209132, "agg": 0.12979001039333485, "vweax": 0.17230094238128696, "vmbix": -0.03834351476547514, "djp": -0.002035521221875775, "gsg": -0.0034559953298613005, "gld": 0.00360592219670198, "fxe": 0.014249284378806907, "fxy": 0.022144544821658157, "shy": -0.05327398872249677, "lqd": 0.07668701371861401, "hyg": -0.031242178593459576, "pff": 0.02891894523424815, "emb": -0.04367966398429439, "tip": -0.04451512665289901, "vtv": 0.06465668788840964, "xlk": 0.016986409476636745, "xlf": -0.03359267974106563, "xle": -0.005924767854362316, "xlv": -0.0010460614209354038, "xlp": 0.0053225674619370635, 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Stock Fund", "local": false, "alpha_name": false, "full": {"n": 1737, "betas": {"qqq": -0.11615022990129704, "ivv": 0.11024410823921829, "iwm": -0.018355640482826615, "efa": 0.5876785272033381, "vwo": 0.2494566343908703, "vnq": -0.033738029764900666, "bil": -1.0495978740241678, "shv": 1.250843271283144, "ief": 0.15693904182996934, "tlt": -0.05490118768512684, "vblix": 0.02559770754720966, "agg": -0.228794081308676, "vweax": 0.08738727855759297, "vmbix": 0.04932417699883952, "djp": 0.0098167304206784, "gsg": -0.0070411889401333595, "gld": 0.021287470227300896, "fxe": 0.08449357199355238, "fxy": -0.0041687984259109355, "shy": -0.2533017557062083, "lqd": 0.0632983092993495, "hyg": -0.11442718052536063, "pff": 0.03581912292356401, "emb": 0.03133531865884526, "tip": 0.06408983462652272, "vtv": 0.2717749432112537, "xlk": 0.048604311031970555, "xlf": -0.053628748915189386, "xle": 0.0023173430820831752, "xlv": -0.06374291387613232, "xlp": -0.07935789281653984, "xlu": -0.02174917198473901, 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mix (R\u00b2 high) - not alpha-driven", "alpha_ann_5y": 0.03829460524763474, "alpha_t_5y": 1.959634293543853, "alpha_t_full": 1.3537145107190458, "r2_5y": 0.8652550131694539, "alpha_pos_frac": 0.5228758169934641}, "wefix": {"name": "Short Duration Income Fund", "local": false, "alpha_name": false, "full": {"n": 3747, "betas": {"qqq": 0.00010739272992378243, "ivv": 0.017397881189124692, "iwm": 0.005165545698801756, "efa": -0.00421255288224865, "vwo": 0.0026403932472578743, "vnq": 0.009824754482594867, "bil": 0.11196659754731542, "shv": -0.14137719875436883, "ief": 0.13555368206819515, "tlt": -0.012775049690866635, "vblix": 0.1245111495540218, "agg": 0.03970102496775731, "vweax": 0.06559763616538972, "vmbix": -0.033826537216068424, "djp": -0.0013478687541681046, "gsg": -0.00012887071048214198, "gld": 0.0005775811395500915, "fxe": 0.0032621748614365367, "fxy": 0.007683794117194057, "shy": 0.2732357961356143, "lqd": -0.03741877172696965, "hyg": 0.0064965335603818465, "pff": 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