SynopsisThe ideal mix depends on each investor’s financial goals, risk appetite and time horizon, making asset allocation unique to every individual. In this week’s TrendMap, ET Wealth compares seven asset combinations. Portfolios with gold have delivered a notable return boost in recent years. By Sameer Bhardwaj.Portfolio allocation: Defensive allocations lead the pack in 2026 so far.For best portfolio results, avoid getting swayed by any one asset class. Experts recommend diversification, with asset allocation forming the cornerstone of a sound investment strategy. The ideal mix depends on each investor’s financial goals, risk appetite and time horizon, making asset allocation unique to every individual.Balanced portfolios kept pace with equities over the long runIn 2026, diversification has been more rewarding than concentrated equity exposure. Conservative portfolios with a high debt allocation (60%) and balanced portfolios have led performance this year. Strong gains in gold and stable returns from debt instruments helped offset weakness in equities. Gold benefited from persistent geopolitical tensions, central bank buying, concerns over global economic growth, and increased demand for safe-haven assets. Meanwhile, debt investments delivered steady accrual income and predictable returns, providing stability to portfolios. By contrast, portfolios with higher equity exposure have underperformed. Asset mixes with equity allocations exceeding 50% have generated negative returns so far in 2026. Elevated valuations in certain market segments and concerns about the global growth outlook have weighed on investor sentiment.