Data Source: from January 1995 to December 2021

Last Update: 31 December 2021

The All Country World 60/40 Portfolio is exposed for 60% on the Stock Market.

It's a High Risk portfolio and it can be replicated with 4 ETFs.

In the last 10 years, the portfolio obtained a 8.74% compound annual return, with a 8.45% standard deviation.

In the last 25 years, a 6.69% compound annual return, with a 10.01% standard deviation.

Asset Allocation and ETFs

The All Country World 60/40 Portfolio has the following asset allocation:

60% Stocks
40% Fixed Income
0% Commodities

The All Country World 60/40 Portfolio can be replicated with the following ETFs:

Weight Ticker ETF Name Investment Themes
60.00 % VT Vanguard Total World Stock Equity, Global, Large Cap
20.00 % BND Vanguard Total Bond Market Bond, U.S., All-Term
14.00 % BNDX Vanguard Total International Bond Bond, Developed Markets, All-Term
6.00 % EMB iShares JP Morgan USD Em Mkts Bd Bond, Emerging Markets, All-Term
Most of Lazy Portfolios are made of common components (asset classes), very simple and well defined. For a more complete view, find out the most common ETFs you can use to build your portfolio.

Portfolio and ETF Returns

The All Country World 60/40 Portfolio guaranteed the following returns.

ALL COUNTRY WORLD 60/40 PORTFOLIO RETURNS (%)
Last Update: 31 December 2021
Swipe left to see all data
1M 3M 6M 1Y 3Y(*) 5Y(*) 10Y(*) 20Y(*) 25Y(*)
All Country World 60/40 Portfolio +2.39 +3.97 +3.01 +10.14 +14.09 +10.23 +8.74 +6.88 +6.69
--- Inflation Adjusted return +1.91 +1.72 -0.37 +2.81 +10.20 +7.11 +6.49 +4.47 +4.30
Components
VT
Vanguard Total World Stock
+3.81 +6.30 +4.89 +18.27 +20.48 +14.46 +12.06 +7.32 +6.55
BND
Vanguard Total Bond Market
-0.31 -0.04 -0.08 -1.86 +4.78 +3.54 +2.75 +4.09 +4.73
BNDX
Vanguard Total International Bond
-0.74 -0.14 -0.17 -2.28 +3.32 +3.03 +3.80 +4.96 +5.22
EMB
iShares JP Morgan USD Em Mkts Bd
+2.16 +0.40 -0.82 -2.24 +5.98 +4.41 +4.59 +7.91 +9.09
(*) annualized
Portfolio returns are calculated assuming:
  • a rebalancing of the components at the beginning of each year (i.e. at every January 1st)
  • the reinvestment of dividends

Inflation is updated to Dec 2021. Current inflation (annualized) is 1Y: 7.12% , 3Y: 3.53% , 5Y: 2.92% , 10Y: 2.12% , 20Y: 2.31% , 25Y: 2.29%

In 2021, the portfolio granted a 2.41% dividend yield. If you are interested in getting periodic income, please refer to the All Country World 60/40 Portfolio: Dividend Yield page.

Historical Returns

Historical returns and stats of All Country World 60/40 Portfolio. Total Returns and Inflation Adjusted Returns are both mentioned.

ALL COUNTRY WORLD 60/40 PORTFOLIO
Last Update: 31 December 2021
Swipe left to see all data
Period Return
Dec 2021
update
Return
Inflation
Adjusted
Standard
Deviation(*)
Max
Drawdown
Months
Pos - Neg
1M
Dec 2021
+2.39%
+1.91%
0.00%
1 - 0
3M
+3.97%
+1.72%
-1.61%
Nov 2021 - Nov 2021
2 - 1
6M
+3.01%
-0.37%
-3.08%
Sep 2021 - Sep 2021
4 - 2
YTD
+10.14%
+2.81%
5.99%
-3.08%
Sep 2021 - Sep 2021
9 - 3
75% pos
1Y
+10.14%
+2.81%
5.99%
-3.08%
Sep 2021 - Sep 2021
9 - 3
75% pos
3Y
+14.09%
annualized
+10.20%
annualized
10.96%
-13.80%
Jan 2020 - Mar 2020
26 - 10
72% pos
5Y
+10.23%
annualized
+7.11%
annualized
9.48%
-13.80%
Jan 2020 - Mar 2020
44 - 16
73% pos
10Y
+8.74%
annualized
+6.49%
annualized
8.45%
-13.80%
Jan 2020 - Mar 2020
83 - 37
69% pos
20Y
+6.88%
annualized
+4.47%
annualized
9.87%
-36.70%
Nov 2007 - Feb 2009
158 - 82
66% pos
25Y
+6.69%
annualized
+4.30%
annualized
10.01%
-36.70%
Nov 2007 - Feb 2009
195 - 105
65% pos
MAX
01 Jan 1995
+7.22%
annualized
+4.77%
annualized
9.75%
-36.70%
Nov 2007 - Feb 2009
213 - 111
66% pos
(*)Annualized St.Dev. of monthly returns

Portfolio efficiency

Is the All Country World 60/40 Portfolio actually efficient, compared to other Lazy Portfolios?

Best Classic Portfolios, with High Risk, ordered by 25 Years annualized return.

25 Years Stats
% Allocation
Portfolio Return Drawdown Stocks Bonds Comm.
Simple Path to Wealth
JL Collins
+8.96% -38.54% 75 25 0 Compare
Yale Endowment
David Swensen
+8.94% -39.46% 70 30 0 Compare
Talmud Portfolio
Roger Gibson
+8.80% -40.18% 66.67 33.33 0 Compare
Late Sixties and Beyond
Burton Malkiel
+8.63% -41.80% 71 29 0 Compare
Lazy Portfolio
David Swensen
+8.41% -40.88% 70 30 0 Compare

See all portfolios

Our overall ratings, assigned to the All Country World 60/40 Portfolio. The portfolio is classified as High Risk.

Very High Risk
Bond weight:
Less than 25%
High Risk
Bond weight:
25% - 49.99%
Medium Risk
Bond weight:
50% - 74.99%
Low Risk
Bond weight:
At least 75%
High Risk
Portfolios
All
Portfolios
25 Years Ann. Return
(Inflation Adjusted)
+6.69%
(+4.30%)
Bad : 1.2 / 5
Average : 2.7 / 5
Standard Deviation
over 25 Years
10.01%
Average : 3 / 5
Good : 3.4 / 5
Maximum Drawdown
over 25 Years
-36.70%
Average : 2.3 / 5
Average : 2.7 / 5
Easy to manage 4 ETFs
Good : 3.5 / 5
Good : 3.5 / 5
Rating assigned considering all the High Risk Portfolios Rating assigned considering all the Portfolios in the database

Capital Growth

Time Range:

An investment of 1000$, since January 1997, now would be worth 5044.08$, with a total return of 404.41% (6.69% annualized).

The Inflation Adjusted Capital now would be 2864.16$, with a net total return of 186.42% (4.30% annualized).

Drawdowns

Time Range:

Worst drawdowns since January 1997 - Chart and Data

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-36.70% Nov 2007 Feb 2009 16 Jan 2011 23 39
-23.34% Apr 2000 Sep 2002 30 Jan 2004 16 46
-13.80% Jan 2020 Mar 2020 3 Jul 2020 4 7
-12.04% May 2011 Sep 2011 5 Mar 2012 6 11
-9.85% May 1998 Aug 1998 4 Nov 1998 3 7
-8.49% Feb 2018 Dec 2018 11 Apr 2019 4 15
-7.73% Jun 2015 Feb 2016 9 Jul 2016 5 14
-5.70% Apr 2012 May 2012 2 Aug 2012 3 5
-4.76% Aug 1997 Oct 1997 3 Feb 1998 4 7
-3.73% May 2013 Jun 2013 2 Sep 2013 3 5
-3.53% Jan 2000 Jan 2000 1 Mar 2000 2 3
-3.21% May 2019 May 2019 1 Jun 2019 1 2
-3.08% Sep 2021 Sep 2021 1 Oct 2021 1 2
-3.06% Sep 2020 Oct 2020 2 Nov 2020 1 3
-3.00% May 1999 May 1999 1 Oct 1999 5 6
-2.85% May 2006 Jun 2006 2 Aug 2006 2 4
-2.77% Mar 2004 Jul 2004 5 Oct 2004 3 8
-2.50% Mar 2005 Apr 2005 2 Jul 2005 3 5
-2.27% Sep 2014 Sep 2014 1 Feb 2015 5 6
-2.21% Jan 2014 Jan 2014 1 Feb 2014 1 2

Rolling Returns ( more details)

All Country World 60/40 Portfolio: annualized rolling and average returns

Swipe left to see all data
Return (*) Negative
Periods
Rolling Period Average Best Worst
1 Year
+7.59% +39.85%
Mar 2009 - Feb 2010
-32.06%
Mar 2008 - Feb 2009
20.77%
2 Years
+6.90% +27.00%
Mar 2009 - Feb 2011
-16.26%
Mar 2007 - Feb 2009
15.61%
3 Years
+6.57% +18.31%
Mar 2009 - Feb 2012
-8.15%
Mar 2006 - Feb 2009
14.19%
5 Years
+6.19% +14.90%
Mar 2009 - Feb 2014
-1.65%
Mar 2004 - Feb 2009
1.51%
7 Years
+5.93% +10.36%
Mar 2009 - Feb 2016
+0.97%
Mar 2002 - Feb 2009
0.00%
10 Years
+6.07% +9.98%
Mar 2009 - Feb 2019
+1.11%
Mar 1999 - Feb 2009
0.00%
15 Years
+5.93% +7.82%
Feb 2003 - Jan 2018
+4.49%
Sep 2000 - Aug 2015
0.00%
20 Years
+5.93% +7.08%
Mar 1995 - Feb 2015
+4.33%
Apr 2000 - Mar 2020
0.00%

* Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the All Country World 60/40 Portfolio: Rolling Returns page.

Seasonality

All Country World 60/40 Portfolio Seasonality: in which months is it better to invest?

In the table below, the average monthly return is represented.

Below each return, it's also mentioned the probability of obtaining a positive monthly result (Win %).

Both the Average Return and the Gain Frequency are useful to get an idea of what happened in the past.

Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Win %
0.02
52%
0.28
70%
0.70
67%
1.82
78%
0.15
63%
0.35
59%
0.91
67%
-0.29
59%
0.07
63%
0.75
63%
1.28
70%
1.44
78%
Best
Year
5.4
2019
4.4
1998
5.5
2009
7.7
2009
6.9
2009
4.5
2019
7.0
2009
3.2
2020
5.8
2010
6.6
2011
7.8
2020
5.4
1999
Worst
Year
-7.2
2009
-6.1
2009
-10.1
2020
-2.9
2000
-5.7
2010
-5.1
2008
-5.0
2002
-9.6
1998
-8.3
2008
-13.0
2008
-2.9
2000
-3.7
2018
Statistics calculated for the period Jan 1995 - Dec 2021

For further information about the seasonality, check the Asset Class Seasonality page.

Monthly/Yearly Returns

All Country World 60/40 Portfolio monthly and yearly returns: how is the distribution of the returns recorded so far?

MONTHLY RETURNS HISTOGRAM
213 Positive Months (66%) - 111 Negative Months (34%)
Jan 1995 - Dec 2021
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021
+10.14 +2.81 -0.5 0.9 1.5 2.8 1.1 1.0 0.8 1.4 -3.1 3.2 -1.6 2.4
2020
+12.48 +11.04 -0.2 -3.9 -10.1 6.8 3.5 2.2 3.7 3.2 -1.8 -1.3 7.8 3.2
2019
+19.89 +17.24 5.4 1.8 1.3 2.2 -3.2 4.5 0.2 -0.4 1.1 1.7 1.5 2.3
2018
-5.81 -7.59 2.9 -3.0 -0.5 -0.1 0.4 -0.4 1.9 0.5 0.0 -5.1 1.2 -3.7
2017
+16.36 +13.97 1.8 2.0 0.9 1.3 1.5 0.3 1.8 0.7 1.2 1.4 1.2 1.2
2016
+6.82 +4.67 -3.1 -0.2 5.1 0.7 0.5 0.8 2.8 0.2 0.5 -1.7 -0.2 1.3
2015
-0.78 -1.41 -0.1 3.3 -0.6 1.4 0.0 -1.9 0.7 -4.2 -2.0 4.5 -0.1 -1.5
2014
+4.95 +4.27 -2.2 3.4 0.4 0.8 1.8 1.4 -1.1 2.1 -2.3 0.9 1.0 -1.2
2013
+12.77 +11.09 2.0 0.0 1.5 2.2 -1.3 -2.5 3.4 -1.9 4.0 2.8 0.9 1.3
2012
+13.25 +11.30 3.7 3.1 0.7 -0.3 -5.4 3.4 1.2 1.7 2.2 -0.3 1.2 1.8
2011
-1.26 -4.19 0.8 1.9 0.0 3.2 -1.0 -0.9 -0.6 -3.9 -6.2 6.6 -0.9 0.2
2010
+10.93 +9.36 -2.6 1.4 4.1 0.2 -5.7 -0.9 5.7 -1.4 5.8 2.4 -2.1 4.2
2009
+23.38 +20.01 -7.2 -6.1 5.5 7.7 6.9 -0.7 7.0 2.3 4.0 -1.5 3.7 0.7
2008
-25.21 -25.19 -4.3 0.3 -1.1 2.9 0.3 -5.1 -1.4 -1.0 -8.3 -13.0 -1.7 5.1
2007
+8.21 +3.93 0.5 0.2 1.1 2.7 1.3 -0.5 -0.7 0.1 3.6 2.8 -2.4 -0.5
2006
+13.12 +10.34 2.9 0.1 0.7 1.9 -2.8 -0.1 1.0 2.1 0.9 2.5 2.1 1.2
2005
+7.18 +3.71 -1.0 1.8 -1.6 -0.9 1.5 0.8 1.9 0.9 1.6 -2.0 2.3 1.9
2004
+10.41 +6.84 1.3 1.4 -0.1 -2.6 0.2 1.3 -1.6 1.1 1.3 1.8 3.2 2.8
2003
+22.27 +19.83 -1.5 -0.4 -0.2 5.7 4.1 0.9 0.1 1.7 1.2 3.4 1.1 4.4
2002
-8.59 -10.80 -1.3 0.0 2.1 -1.4 0.1 -3.9 -5.0 1.1 -5.7 4.1 3.2 -1.5
2001
-5.46 -6.96 2.4 -4.8 -3.6 3.8 -0.4 -1.6 0.1 -1.9 -4.9 2.3 3.0 0.5
2000
-4.61 -7.77 -3.5 0.9 4.4 -2.9 -1.7 2.8 -1.3 2.3 -3.0 -1.1 -2.9 1.7
1999
+16.48 +13.45 1.4 -2.0 3.2 3.3 -3.0 2.9 -0.5 -0.2 -0.2 3.3 2.0 5.4
1998
+15.37 +13.54 1.6 4.4 2.5 0.9 -1.3 1.0 0.0 -9.6 2.8 6.0 3.7 3.2
1997
+9.98 +8.15 0.6 0.8 -1.9 2.1 4.4 3.7 3.2 -4.7 4.0 -3.9 0.8 1.0
1996
+10.14 +6.54 1.5 -0.6 0.8 1.6 0.0 0.7 -1.9 0.9 2.9 0.9 4.1 -1.1
1995
+18.30 +15.38 -0.8 0.9 2.5 3.1 2.3 0.0 3.0 -0.8 2.1 -0.6 2.8 2.6

* Note:
Portofolio Returns, up to December 2013, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets, instead of the actual ETFs of the portfolio.

In particular, it has been used:

  • VT - Vanguard Total World Stock: simulated historical serie, up to December 2008
  • BND - Vanguard Total Bond Market: simulated historical serie, up to December 2007
  • BNDX - Vanguard Total International Bond: simulated historical serie, up to December 2013
  • EMB - iShares JP Morgan USD Em Mkts Bd: simulated historical serie, up to December 2007
Share this page