AHLT
American Beacon AHL Trend ETF
stock NYSE ETF

Don't twist words
You claim SCHD is for the income investor. Yet the higher income portfolios dont consider dividend yield at all.
Why do people invest in bonds? Largely the nominal bond market exists to service major intermediaries with the fed like big banks who have nominal liabilities in the future and are regulated to be required to have liquidity in place. A boglehead buys bonds for psychological benefit, but this is not and never has been an *optimal* strategy. Its an easy one-size-fits-none solution thats simply good enough for the average layman.
Youre completely wrong about value by the way. Value is not a low vol low return strategy. Its clear to see in the data and empirical research by nobel laureates like Eugene Fama that value is a higher risk, higher return strategy. SCHD isnt "Value", its debt controlled dividend growth stock selection that coincidentally holds cheaper (lower cashflow growth expectation) companies.
Raw value companies without other controls like SCHD requires in aggregate provided higher historical returns with higher volatility, sequence of returns risk, and maz drawdowns than the market cap weight portfolio.
And low vol strategies like selling calls or put spreads or vol targeting just pander to human emotion, not mathematical optimization of a portfolio for the best withdrawal rates and CAGR, since the very rich at institutions often cant handle low sharpe highly convex portfolios.
If they could, they would use leverage to access cheap beta and layer multiple high convexity asset classes from MCW equities like UPRO or deep ITM LEAPs on ACWI, trend following on commodities/currencies/stocks/bonds like CTA DBMF AHLT KMLM, short volatility like SVIX, bonds or bond stacked funds like PSLDX ZROZ DRIXX etc, or hedge fund long/short deep factor tilt funds like from AQR.
Then they would rebalance regularly to sell whats up a bit and re-up whats down to harvest a rebalancing premium between these convex assets. Its not a concern if your heavily levered equities take a -50% haircut like I did in April, my overall port only ate a slightly larger drawdown but the uncorrelated assets did fine so I could rebalance, and have since driven far part the market because leverage is empirically optimal for an investor with a low CRRA (high risk tolerance)

Don't twist words
You claim SCHD is for the income investor. Yet the higher income portfolios dont consider dividend yield at all.
Why do people invest in bonds? Largely the nominal bond market exists to service major intermediaries with the fed like big banks who have nominal liabilities in the future and are regulated to be required to have liquidity in place. A boglehead buys bonds for psychological benefit, but this is not and never has been an *optimal* strategy. Its an easy one-size-fits-none solution thats simply good enough for the average layman.
Youre completely wrong about value by the way. Value is not a low vol low return strategy. Its clear to see in the data and empirical research by nobel laureates like Eugene Fama that value is a higher risk, higher return strategy. SCHD isnt "Value", its debt controlled dividend growth stock selection that coincidentally holds cheaper (lower cashflow growth expectation) companies.
Raw value companies without other controls like SCHD requires in aggregate provided higher historical returns with higher volatility, sequence of returns risk, and maz drawdowns than the market cap weight portfolio.
And low vol strategies like selling calls or put spreads or vol targeting just pander to human emotion, not mathematical optimization of a portfolio for the best withdrawal rates and CAGR, since the very rich at institutions often cant handle low sharpe highly convex portfolios.
If they could, they would use leverage to access cheap beta and layer multiple high convexity asset classes from MCW equities like UPRO or deep ITM LEAPs on ACWI, trend following on commodities/currencies/stocks/bonds like CTA DBMF AHLT KMLM, short volatility like SVIX, bonds or bond stacked funds like PSLDX ZROZ DRIXX etc, or hedge fund long/short deep factor tilt funds like from AQR.
Then they would rebalance regularly to sell whats up a bit and re-up whats down to harvest a rebalancing premium between these convex assets. Its not a concern if your heavily levered equities take a -50% haircut like I did in April, my overall port only ate a slightly larger drawdown but the uncorrelated assets did fine so I could rebalance, and have since driven far part the market because leverage is empirically optimal for an investor with a low CRRA (high risk tolerance)