Swensen Yale Model
David Swensen's individual-investor six-asset mix from Unconventional Success (2005). US Treasuries sleeve uses IEF (intermediate) per the book, not TLT.
- Type: Fixed
- Frequency: annually
- Asset classes: US Equity, International Equity, Intermediate Treasuries, TIPS, REITs
- Backtest window: 2011-01-28 to 2026-09-21
- 1Y
- 9.5%
- 3Y
- 47.6%
- CAGR
- 12.8%
- Max DD
- -10.6%
- Sharpe
- 0.85
Methodology
- Allocate 30% VTI, 20% VXUS, 15% IEF, 15% TIP, and 20% VNQ.
Source: Swensen, D. F. (2005). Unconventional Success: A Fundamental Approach to Personal Investment.
Headline backtest performance as of 2026-09-21.