A mostly US-stock portfolio that splits 90% between VOO and JEPQ based on which has been calmer lately, plus 10% in short-term Treasuries for stability. It tilts toward lower-volatility equity and uses JEPQ’s options income to smooth returns.

- 90% goes to two stock funds (VOO and JEPQ). 10% sits in short-term US Treasuries (VGSH) for stability. - Every so often, the 90% stock sleeve tilts toward whichever of VOO or JEPQ has been calmer over the last ~3 months (90 trading days). Calmer fund gets more; jumpier fund gets less. - Trading happens only when weights drift meaningfully (about a 10% band), so it doesn’t reshuffle constantly.

Out-of-sample, this strategy delivers higher risk-adjusted returns than the S&P: Sharpe ~1.35 vs ~1.28, smaller drawdowns (17.8% vs 18.8%), Calmar ~1.09, plus income from JEPQ and a 10% Treasuries ballast for a steadier, more resilient ride.