If by total market you mean the total world market (i.e. MSCI ACWI), that's about as risk averse as you can be while still being in equities. Total US market al

If by total market you mean the total world market (i.e. MSCI ACWI), that's about as risk averse as you can be while still being in equities. Total US market alone is a higher risk choice: https://www.aqr.com/Insights/Perspectives/The-Long-Run-Is-Lying-to-You https://www.aqr.com/Insights/Perspectives/The-Long-Run-Is-Ly...