Data Source: from January 1996 to September 2021

Last Update: 30 September 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 8.94% compound annual return, with a 8.58% standard deviation.

In the last 25 years, a 6.68% compound annual return, with a 10.01% standard deviation.

In 2020, the portfolio granted a 2.05% dividend yield. If you are interested in getting periodic income, please refer to the All Country World 60/40 Portfolio: Dividend Yield page.

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: 30 September 2021
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1M 3M 6M 1Y 3Y(*) 5Y(*) 10Y(*) 20Y(*) 25Y(*)
All Country World 60/40 Portfolio -3.08 -0.92 +4.02 +16.36 +9.75 +9.25 +8.94 +6.98 +6.68
Components
VT
Vanguard Total World Stock
-4.10 -1.32 +5.60 +28.51 +12.70 +13.30 +12.32 +7.46 +6.45
BND
Vanguard Total Bond Market
-1.01 -0.05 +1.88 -1.04 +5.36 +2.88 +2.88 +4.09 +4.86
BNDX
Vanguard Total International Bond
-1.08 -0.03 +0.15 -1.08 +3.98 +2.63 +4.08 +5.06 +5.33
EMB
iShares JP Morgan USD Em Mkts Bd
-2.64 -1.22 +3.01 +3.20 +5.43 +3.36 +5.14 +8.56 +9.45
(*) 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

If you are interested in getting periodic income, please refer to the All Country World 60/40 Portfolio: Dividend Yield page.

Historical Returns

All Country World 60/40 Portfolio - Historical returns and stats.

ALL COUNTRY WORLD 60/40 PORTFOLIO
Last Update: 30 September 2021
Swipe left to see all data
Period Returns
Sep 2021
Standard
Deviation *
Max
Drawdown
Months
Pos - Neg
1M
-3.08%
-3.08%
Sep 2021 - Sep 2021
0 - 1
3M
-0.92%
-3.08%
Sep 2021 - Sep 2021
2 - 1
6M
+4.02%
-3.08%
Sep 2021 - Sep 2021
5 - 1
YTD
+5.93%
-3.08%
Sep 2021 - Sep 2021
7 - 2
1Y
+16.36%
8.85%
-3.08%
Sep 2021 - Sep 2021
9 - 3
3Y
+9.75%
annualized
11.62%
-13.81%
Jan 2020 - Mar 2020
25 - 11
5Y
+9.25%
annualized
9.41%
-13.81%
Jan 2020 - Mar 2020
43 - 17
10Y
+8.94%
annualized
8.58%
-13.81%
Jan 2020 - Mar 2020
83 - 37
20Y
+6.98%
annualized
9.86%
-36.71%
Nov 2007 - Feb 2009
159 - 81
25Y
+6.68%
annualized
10.01%
-36.71%
Nov 2007 - Feb 2009
195 - 105
MAX
01 Jan 1996
+6.72%
annualized
9.89%
-36.71%
Nov 2007 - Feb 2009
202 - 107
* Annualized St.Dev. of monthly returns

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

25 Years Stats
% Allocation
Portfolio Return Drawdown Stocks Bonds Comm.
Yale Endowment
David Swensen
+8.94% -39.46% 70 30 0 Compare
Simple Path to Wealth
JL Collins
+8.92% -38.54% 75 25 0 Compare
Talmud Portfolio
Roger Gibson
+8.85% -40.18% 66.67 33.33 0 Compare
Late Sixties and Beyond
Burton Malkiel
+8.64% -41.80% 71 29 0 Compare
Lazy Portfolio
David Swensen
+8.43% -40.88% 70 30 0 Compare

See all portfolios

Capital Growth

Time Range:

Drawdowns

Time Range:

Rolling Returns ( more details)

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

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Return (*) Negative
Periods
Rolling Period Average Best Worst
1 Year
+7.24% +39.85%
Mar 2009 - Feb 2010
-32.06%
Mar 2008 - Feb 2009
21.81%
2 Years
+6.57% +27.00%
Mar 2009 - Feb 2011
-16.26%
Mar 2007 - Feb 2009
16.43%
3 Years
+6.25% +18.31%
Mar 2009 - Feb 2012
-8.15%
Mar 2006 - Feb 2009
14.96%
5 Years
+5.86% +14.90%
Mar 2009 - Feb 2014
-1.65%
Mar 2004 - Feb 2009
1.60%
7 Years
+5.88% +10.36%
Mar 2009 - Feb 2016
+0.97%
Mar 2002 - Feb 2009
0.00%
10 Years
+5.95% +9.98%
Mar 2009 - Feb 2019
+1.11%
Mar 1999 - Feb 2009
0.00%
15 Years
+5.90% +7.82%
Feb 2003 - Jan 2018
+4.49%
Sep 2000 - Aug 2015
0.00%
20 Years
+5.77% +6.98%
Oct 2001 - Sep 2021
+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 and Yearly/Monthly Returns

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 %
0.05
54%
0.25
69%
0.63
65%
1.77
77%
0.06
62%
0.36
58%
0.83
65%
-0.27
62%
-0.01
62%
0.70
64%
1.34
72%
1.36
76%
Best
Year
5.4
2019
4.4
1998
5.5
2009
7.7
2009
6.9
2009
4.6
2019
7.1
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 1996 - Sep 2021

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

Monthly Returns of All Country World 60/40 Portfolio

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Months
Year Return Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021
+5.93% -0.5 0.9 1.5 2.8 1.1 1.0 0.8 1.4 -3.1
2020
+12.48% -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% 5.4 1.8 1.4 2.2 -3.2 4.6 0.2 -0.4 1.2 1.7 1.5 2.3
2018
-5.81% 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% 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% -3.1 -0.2 5.1 0.7 0.5 0.8 2.8 0.2 0.5 -1.7 -0.3 1.3
2015
-0.78% -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% -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% 2.1 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% 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% 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% -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% -7.2 -6.1 5.5 7.7 6.9 -0.7 7.1 2.3 4.0 -1.5 3.7 0.7
2008
-25.21% -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% 0.5 0.2 1.1 2.7 1.3 -0.5 -0.7 0.1 3.7 2.8 -2.4 -0.6
2006
+13.12% 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% -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% 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% -1.5 -0.4 -0.2 5.7 4.2 0.9 0.1 1.7 1.3 3.4 1.1 4.4
2002
-8.59% -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% 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% -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% 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% 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% 0.6 0.8 -1.9 2.1 4.4 3.7 3.2 -4.7 4.0 -4.0 0.8 1.0
1996
+10.14% 1.5 -0.6 0.8 1.6 0.0 0.7 -1.9 0.9 2.9 0.9 4.1 -1.1

* 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
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