> 数据图表怎样理解2.12026-3-32.13%3%3%3%2015-202520162017201820192020202120222023202420256.93%8.42%5.28%7.10%6.92%7.52%1.47%5.39%11.71%6.92%6.74%-2.99%-1.89%-3.21%-2.59%-3.72%-2.20%-1.86%-2.51%-2.22%-1.92%-3.72%3.41%2.81%3.61%2.91%4.00%3.42%3.58%2.44%3.79%3.47%3.37%2.42%1.92%2.46%1.92%3.00%2.40%2.84%1.47%2.43%3.10%2.47%1.481.970.641.651.221.56-0.081.432.651.621.382.32 4.45 1.65 2.75 1.86 3.42 0.79 2.15 5.27 3.61 1.812.86 4.37 2.15 3.69 2.31 3.13 0.52 3.68 4.85 2.23 1.89资料来源：Wind，国泰海通证券研究注：无风险利率以Wind货币基金指数为基准。详情请见2026年3月3日发布的报告《ETF配置系列（三）：构建不同风险偏好的ETF配置策略——基于风险预算的ETF配置实践》。232.521.510.50回撤（右轴）目标波动3%策略净值0.0%0.5%1.0%1.5%2.0%2.5%3.0%3.5%4.0%国泰海通金融地产
