An even split across five bond funds (T-bills, short Treasuries, short munis, long Treasuries, and the total bond market) to provide steady income and keep a low connection to the S&P 500. Rebalances only when weights drift.

It splits money evenly across 5 bond funds: T-bills (BIL), short Treasuries (SHY), short municipal bonds (SUB), long Treasuries (TLT), and a broad bond mix (BND). No market timing. It rebalances only if slices drift ~10%. Goal: steady income with low link to the S&P 500. Main risk: rising rates, especially for TLT.

Defensive bond mix with near-zero SPY beta and far-smaller downside: out-of-sample max drawdown ~6% vs ~19% for SPY, out-of-sample annualized return ~3.65%, and low stock correlation. A ballast to capital preservation and to diversify SPY exposure.