Data Source: from January 1995 to December 2021
Last Update: 31 December 2021
The All Country World Bonds Portfolio is exposed for 0% on the Stock Market.
It's a Low Risk portfolio and it can be replicated with 3 ETFs.
In the last 10 years, the portfolio obtained a 3.42% compound annual return, with a 3.48% standard deviation.
In the last 25 years, a 5.64% compound annual return, with a 4.07% standard deviation.
Asset Allocation and ETFs
The All Country World Bonds Portfolio has the following asset allocation:
The All Country World Bonds Portfolio can be replicated with the following ETFs:
| Weight | Ticker | ETF Name | Investment Themes | |
|---|---|---|---|---|
| 50.00 % | BND | Vanguard Total Bond Market | Bond, U.S., All-Term | |
| 35.00 % | BNDX | Vanguard Total International Bond | Bond, Developed Markets, All-Term | |
| 15.00 % | EMB | iShares JP Morgan USD Em Mkts Bd | Bond, Emerging Markets, All-Term |
Portfolio and ETF Returns
The All Country World Bonds Portfolio guaranteed the following returns.
| 1M | 3M | 6M | 1Y | 3Y(*) | 5Y(*) | 10Y(*) | 20Y(*) | 25Y(*) | |
|---|---|---|---|---|---|---|---|---|---|
| All Country World Bonds Portfolio | -0.10 | -0.01 | -0.22 | -2.06 | +4.46 | +3.52 | +3.42 | +5.02 | +5.64 |
| --- Inflation Adjusted return | -0.57 | -2.17 | -3.50 | -8.58 | +0.90 | +0.58 | +1.27 | +2.64 | +3.28 |
| Components | |||||||||
|
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 |
- 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 2.83% dividend yield. If you are interested in getting periodic income, please refer to the All Country World Bonds Portfolio: Dividend Yield page.
Historical Returns
Historical returns and stats of All Country World Bonds Portfolio. Total Returns and Inflation Adjusted Returns are both mentioned.
| Period | Return Dec 2021 update |
Return Inflation Adjusted |
Standard Deviation(*) |
Max Drawdown |
Months Pos - Neg |
|---|---|---|---|---|---|
|
1M
Dec 2021
|
-0.10%
|
-0.57%
|
-0.10%
Dec 2021 - Dec 2021
|
0 - 1
|
|
|
3M
|
-0.01%
|
-2.17%
|
-0.10%
Dec 2021 - Dec 2021
|
1 - 2
|
|
|
6M
|
-0.22%
|
-3.50%
|
-1.49%
Aug 2021 - Oct 2021
|
2 - 4
|
|
|
YTD
|
-2.06%
|
-8.58%
|
2.92%
|
-3.44%
Jan 2021 - Mar 2021
|
5 - 7
42% pos
|
|
1Y
|
-2.06%
|
-8.58%
|
2.92%
|
-3.44%
Jan 2021 - Mar 2021
|
5 - 7
42% pos
|
|
3Y
|
+4.46%
annualized
|
+0.90%
annualized
|
4.31%
|
-3.92%
Mar 2020 - Mar 2020
|
23 - 13
64% pos
|
|
5Y
|
+3.52%
annualized
|
+0.58%
annualized
|
3.63%
|
-3.92%
Mar 2020 - Mar 2020
|
38 - 22
63% pos
|
|
10Y
|
+3.42%
annualized
|
+1.27%
annualized
|
3.48%
|
-5.16%
May 2013 - Aug 2013
|
78 - 42
65% pos
|
|
20Y
|
+5.02%
annualized
|
+2.64%
annualized
|
4.08%
|
-8.82%
Mar 2008 - Oct 2008
|
164 - 76
68% pos
|
|
25Y
|
+5.64%
annualized
|
+3.28%
annualized
|
4.07%
|
-8.82%
Mar 2008 - Oct 2008
|
206 - 94
69% pos
|
|
MAX
01 Jan 1995
|
+6.27%
annualized
|
+3.85%
annualized
|
4.13%
|
-8.82%
Mar 2008 - Oct 2008
|
226 - 98
70% pos
|
Portfolio efficiency
Is the All Country World Bonds Portfolio actually efficient, compared to other Lazy Portfolios?
Best Classic Portfolios, with Low Risk, ordered by 25 Years annualized return.
25 Years Stats |
% Allocation |
||||||
|---|---|---|---|---|---|---|---|
| Portfolio | Return▾ | Drawdown | Stocks | Bonds | Comm. | ||
| High Yield Bonds Income |
+6.94% | -23.98% | 0 | 100 | 0 | Compare | |
| All Country World 20/80 |
+6.13% | -14.04% | 20 | 80 | 0 | Compare | |
| Stocks/Bonds 20/80 |
+6.06% | -8.42% | 20 | 80 | 0 | Compare | |
| Vanguard LifeStrategy Income Fund Vanguard |
+5.87% | -10.54% | 20 | 80 | 0 | Compare | |
| US Inflation Protection |
+5.79% | -11.79% | 0 | 100 | 0 | Compare | |
Our overall ratings, assigned to the All Country World Bonds Portfolio. The portfolio is classified as Low Risk.
Less than 25%
25% - 49.99%
50% - 74.99%
At least 75%
| Low Risk Portfolios |
All Portfolios |
||
|---|---|---|---|
| 25 Years Ann. Return (Inflation Adjusted) |
+5.64%
(+3.28%) |
Excellent : 4.2 / 5
|
Average : 2 / 5
|
| Standard Deviation over 25 Years |
4.07% |
Average : 2.8 / 5
|
Excellent : 4.8 / 5
|
| Maximum Drawdown over 25 Years |
-8.82% |
Good : 3.5 / 5
|
Excellent : 4.7 / 5
|
| Easy to manage | 3 ETFs |
Good : 4 / 5
|
Good : 4 / 5
|
| Rating assigned considering all the Low Risk Portfolios | Rating assigned considering all the Portfolios in the database |
Capital Growth
An investment of 1000$, since January 1997, now would be worth 3942.22$, with a total return of 294.22% (5.64% annualized).
The Inflation Adjusted Capital now would be 2238.49$, with a net total return of 123.85% (3.28% annualized).
Drawdowns
Worst drawdowns since January 1997 - Chart and Data
Drawdown period |
Recovery period |
Total |
||||
|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months |
| -8.82% | Mar 2008 | Oct 2008 | 8 | Dec 2008 | 2 | 10 |
| -5.16% | May 2013 | Aug 2013 | 4 | May 2014 | 9 | 13 |
| -3.92% | Mar 2020 | Mar 2020 | 1 | Jun 2020 | 3 | 4 |
| -3.54% | Oct 2016 | Nov 2016 | 2 | Aug 2017 | 9 | 11 |
| -3.44% | Jan 2021 | Mar 2021 | 3 | in progress | 9 | 12 |
| -3.22% | Jun 2003 | Jul 2003 | 2 | Sep 2003 | 2 | 4 |
| -3.02% | Apr 2004 | May 2004 | 2 | Aug 2004 | 3 | 5 |
| -3.00% | Jan 2009 | Feb 2009 | 2 | Apr 2009 | 2 | 4 |
| -2.69% | May 1999 | Aug 1999 | 4 | Nov 1999 | 3 | 7 |
| -2.23% | Feb 2015 | Jun 2015 | 5 | Feb 2016 | 8 | 13 |
| -2.17% | Nov 2010 | Dec 2010 | 2 | May 2011 | 5 | 7 |
| -2.13% | Aug 1998 | Aug 1998 | 1 | Sep 1998 | 1 | 2 |
| -2.07% | Jan 1997 | Mar 1997 | 3 | May 1997 | 2 | 5 |
| -1.92% | Jan 2018 | Oct 2018 | 10 | Dec 2018 | 2 | 12 |
| -1.46% | Mar 2006 | May 2006 | 3 | Jul 2006 | 2 | 5 |
| -1.42% | May 2007 | Jun 2007 | 2 | Aug 2007 | 2 | 4 |
| -1.32% | Sep 2005 | Oct 2005 | 2 | Dec 2005 | 2 | 4 |
| -1.13% | Feb 1999 | Feb 1999 | 1 | Mar 1999 | 1 | 2 |
| -1.10% | Dec 2012 | Jan 2013 | 2 | Apr 2013 | 3 | 5 |
| -1.07% | Jun 2002 | Jul 2002 | 2 | Aug 2002 | 1 | 3 |
Rolling Returns ( more details)
All Country World Bonds Portfolio: annualized rolling and average returns
| Return (*) | Negative Periods |
|||
|---|---|---|---|---|
| Rolling Period | Average | Best | Worst | |
| 1 Year |
+6.28% |
+20.40% Jan 1995 - Dec 1995 |
-5.26% Nov 2007 - Oct 2008 |
7.99% |
| 2 Years |
+6.20% |
+15.03% Nov 2008 - Oct 2010 |
-0.24% Nov 2006 - Oct 2008 |
0.66% |
| 3 Years |
+6.14% |
+12.57% Jun 2000 - May 2003 |
+1.67% Jan 2013 - Dec 2015 |
0.00% |
| 5 Years |
+6.09% |
+9.77% Jun 1998 - May 2003 |
+2.10% May 2013 - Apr 2018 |
0.00% |
| 7 Years |
+6.11% |
+9.96% Mar 1995 - Feb 2002 |
+2.87% Nov 2011 - Oct 2018 |
0.00% |
| 10 Years |
+6.09% |
+9.32% Jan 1995 - Dec 2004 |
+3.42% Jan 2012 - Dec 2021 |
0.00% |
| 15 Years |
+6.10% |
+8.03% Apr 1995 - Mar 2010 |
+4.48% Dec 2006 - Nov 2021 |
0.00% |
| 20 Years |
+6.10% |
+7.40% Feb 1995 - Jan 2015 |
+5.01% Nov 2001 - Oct 2021 |
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 Bonds Portfolio: Rolling Returns page.
Seasonality
All Country World Bonds 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.
| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Win % |
0.54 74% |
0.34 74% |
0.11 59% |
0.70 74% |
0.46 70% |
0.38 59% |
0.73 81% |
0.76 74% |
0.59 67% |
0.27 70% |
0.49 67% |
0.81 67% |
| Best Year |
2.3 2001 |
1.9 2000 |
1.8 2019 |
2.7 2020 |
4.4 1995 |
2.3 2016 |
2.2 2009 |
2.3 2019 |
4.2 1998 |
2.6 2001 |
3.1 2008 |
6.5 2008 |
| Worst Year |
-1.7 2009 |
-1.9 1996 |
-3.9 2020 |
-2.7 2004 |
-2.5 2013 |
-2.2 2013 |
-3.0 2003 |
-2.1 1998 |
-3.0 2008 |
-5.4 2008 |
-2.4 2016 |
-0.8 2010 |
For further information about the seasonality, check the Asset Class Seasonality page.
Monthly/Yearly Returns
All Country World Bonds Portfolio monthly and yearly returns: how is the distribution of the returns recorded so far?
Yearly Return(%) |
Monthly Return(%) |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Total | Infl.Adj | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2021 |
-2.06 | -8.58 | -0.9 | -1.8 | -0.7 | 0.7 | 0.2 | 0.7 | 1.2 | -0.1 | -1.3 | -0.1 | 0.2 | -0.1 |
| 2020 |
+6.30 | +4.93 | 1.8 | 0.9 | -3.9 | 2.7 | 1.3 | 0.9 | 1.6 | -0.6 | -0.1 | -0.2 | 1.4 | 0.5 |
| 2019 |
+9.49 | +7.07 | 1.6 | 0.1 | 1.8 | 0.1 | 1.4 | 1.7 | 0.6 | 2.3 | -0.6 | 0.1 | -0.3 | 0.3 |
| 2018 |
+0.10 | -1.78 | -0.9 | -0.8 | 0.8 | -0.8 | 0.1 | 0.0 | 0.4 | 0.0 | -0.1 | -0.8 | 0.4 | 1.6 |
| 2017 |
+4.16 | +2.02 | 0.0 | 0.9 | 0.1 | 0.8 | 0.7 | -0.3 | 0.4 | 1.1 | -0.4 | 0.2 | 0.0 | 0.6 |
| 2016 |
+4.27 | +2.17 | 1.1 | 1.1 | 1.2 | 0.3 | 0.2 | 2.3 | 0.8 | 0.1 | 0.1 | -1.2 | -2.4 | 0.5 |
| 2015 |
+0.85 | +0.21 | 2.1 | -0.6 | 0.4 | -0.3 | -0.5 | -1.3 | 0.9 | -0.5 | 0.5 | 0.6 | -0.1 | -0.4 |
| 2014 |
+6.88 | +6.18 | 1.2 | 0.9 | 0.2 | 0.8 | 1.3 | 0.3 | 0.0 | 1.2 | -0.7 | 0.9 | 0.7 | 0.0 |
| 2013 |
-2.50 | -3.96 | -0.9 | 0.6 | 0.1 | 1.4 | -2.5 | -2.2 | 0.4 | -1.0 | 1.2 | 1.1 | -0.3 | -0.4 |
| 2012 |
+7.45 | +5.60 | 1.0 | 0.4 | -0.1 | 1.2 | 0.2 | 0.8 | 1.8 | 0.6 | 0.9 | 0.1 | 0.6 | -0.2 |
| 2011 |
+8.12 | +4.90 | 0.0 | 0.3 | 0.2 | 1.3 | 1.1 | -0.2 | 1.8 | 1.1 | -0.2 | 1.0 | -0.4 | 1.8 |
| 2010 |
+7.71 | +6.18 | 1.3 | 0.5 | 0.5 | 1.1 | 0.6 | 1.6 | 1.2 | 2.2 | 0.3 | 0.5 | -1.4 | -0.8 |
| 2009 |
+9.48 | +6.48 | -1.7 | -1.4 | 1.4 | 1.8 | 1.3 | 1.1 | 2.2 | 1.7 | 1.9 | 0.3 | 1.0 | -0.8 |
| 2008 |
+2.29 | +2.31 | 1.7 | 0.5 | -0.2 | -0.3 | -0.8 | -0.5 | 0.4 | 0.7 | -3.0 | -5.4 | 3.1 | 6.5 |
| 2007 |
+6.05 | +1.86 | -0.3 | 1.4 | 0.2 | 0.5 | -0.8 | -0.6 | 0.8 | 0.9 | 1.2 | 1.0 | 1.2 | 0.5 |
| 2006 |
+4.63 | +2.06 | 0.1 | 0.6 | -1.0 | -0.1 | -0.3 | 0.1 | 1.5 | 1.6 | 0.7 | 0.7 | 1.1 | -0.4 |
| 2005 |
+4.71 | +1.32 | 0.7 | -0.3 | -0.4 | 1.4 | 1.3 | 0.8 | -0.6 | 1.3 | -0.4 | -1.0 | 0.6 | 1.2 |
| 2004 |
+6.09 | +2.66 | 0.8 | 0.8 | 1.0 | -2.7 | -0.4 | 0.6 | 1.0 | 2.2 | 0.4 | 1.0 | 0.1 | 1.2 |
| 2003 |
+8.25 | +6.09 | 0.8 | 1.8 | 0.4 | 1.6 | 2.1 | -0.3 | -3.0 | 0.8 | 2.5 | -0.6 | 0.5 | 1.3 |
| 2002 |
+9.30 | +6.66 | 0.9 | 1.3 | -1.0 | 1.6 | 0.3 | -0.6 | -0.4 | 2.3 | 0.7 | 0.8 | 0.8 | 2.4 |
| 2001 |
+12.23 | +10.46 | 2.3 | 0.7 | 0.9 | -0.4 | 0.8 | 0.6 | 2.2 | 1.7 | 0.1 | 2.6 | -0.1 | 0.1 |
| 2000 |
+11.10 | +7.41 | -0.6 | 1.9 | 1.6 | -0.5 | -0.2 | 2.2 | 1.1 | 1.3 | 0.6 | 0.1 | 1.3 | 1.9 |
| 1999 |
+3.71 | +1.01 | 0.7 | -1.1 | 1.5 | 1.8 | -2.0 | -0.2 | -0.3 | -0.2 | 1.5 | 0.8 | 0.4 | 0.8 |
| 1998 |
+8.51 | +6.80 | 0.9 | 1.0 | 0.0 | 1.0 | 0.0 | -0.2 | 0.3 | -2.1 | 4.2 | 1.8 | 0.3 | 1.1 |
| 1997 |
+5.56 | +3.79 | -0.9 | 0.3 | -1.4 | 0.7 | 2.2 | 1.5 | 1.3 | -0.4 | 2.2 | -0.4 | -0.2 | 0.7 |
| 1996 |
+8.94 | +5.38 | 0.7 | -1.9 | -0.1 | 0.5 | 0.1 | 1.2 | 1.4 | 0.7 | 2.0 | 1.9 | 2.4 | -0.3 |
| 1995 |
+20.40 | +17.43 | 1.3 | 0.9 | -0.2 | 2.6 | 4.4 | 0.4 | 0.5 | 1.6 | 1.4 | 1.3 | 2.5 | 2.2 |
* 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:
- 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