3%
-6%
6%
9%
12%
-3%
0%
95%
90%
85%
80%
75%
70%
65%
60%
55%
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
100%
Percent Change in Standard Deviation
Percent of Equity Allocation to non-US Stocks
Adding non-US exposure can help lower portfolio volatility
