It's a beta management company analysis. I want to Ask for advice. Which portfolio would you invest? Why?

97% 97% Index Index fund & fund & 3% 3% REIT Brown 90% Index fund & 10% REIT 90% Index fund & 10% Brown Van. Index REIT Brown Average return Stdev CV 0.010015| 0.010493 0.007657 0.009251 0.04497 0.046326| 0.043131 0.04722 4.490437 4.415003 5.63266 5.10415 Average return Stdev Beta 1.10% -2.27% -0.67% 0.046063 0.092307 0.081668 1 0.147351 1.163351 Portfolio Betas 0.972769 0.97245 0.914735 1.016335 CAPM req. ret. 0.098094 0.098072 0.094031 0.101143 Realized Annul Porf ret 0.120176 0.125915 0.091885 0.111015