Data Source: from January 1995 to September 2021

Last Update: 30 September 2021

The Bob Clyatt Sandwich Portfolio is exposed for 55% on the Stock Market.

It's a High Risk portfolio and it can be replicated with 8 ETFs.

In the last 10 years, the portfolio obtained a 8.15% compound annual return, with a 7.07% standard deviation.

In the last 25 years, a 7.66% compound annual return, with a 8.13% standard deviation.

In 2020, the portfolio granted a 1.53% dividend yield. If you are interested in getting periodic income, please refer to the Bob Clyatt Sandwich Portfolio: Dividend Yield page.

Asset Allocation and ETFs

The Bob Clyatt Sandwich Portfolio has the following asset allocation:

55% Stocks
45% Fixed Income
0% Commodities

The Bob Clyatt Sandwich Portfolio can be replicated with the following ETFs:

Weight Ticker ETF Name Investment Themes
20.00 % VV Vanguard Large-Cap Equity, U.S., Large Cap
10.00 % SCZ iShares MSCI EAFE Small-Cap Equity, EAFE, Small Cap
8.00 % IJR iShares Core S&P Small-Cap Equity, U.S., Small Cap
6.00 % EEM iShares MSCI Emerging Markets Equity, Emerging Markets, Large Cap
6.00 % VEU Vanguard FTSE All-World ex-US Equity, Global ex-US, Large Cap
5.00 % VNQ Vanguard Real Estate Real Estate, U.S.
41.00 % IEI iShares 3-7 Year Treasury Bond Bond, U.S., Intermediate-Term
4.00 % BIL SPDR Blmbg Barclays 1-3 Mth T-Bill Bond, U.S., Ultra Short-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 Bob Clyatt Sandwich Portfolio guaranteed the following returns.

BOB CLYATT SANDWICH PORTFOLIO RETURNS (%)
Last Update: 30 September 2021
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1M 3M 6M 1Y 3Y(*) 5Y(*) 10Y(*) 20Y(*) 25Y(*)
Bob Clyatt Sandwich Portfolio -2.74 -0.87 +3.12 +15.57 +8.69 +8.13 +8.15 +7.91 +7.66
Components
VV
Vanguard Large-Cap
-4.71 +0.39 +9.10 +30.17 +16.63 +17.28 +16.75 +9.70 +9.80
SCZ
iShares MSCI EAFE Small-Cap
-4.06 +0.34 +4.54 +28.27 +8.85 +10.05 +10.75 +11.08 +8.08
IJR
iShares Core S&P Small-Cap
-2.39 -2.92 +1.29 +57.36 +9.37 +13.54 +15.66 +11.40 +10.36
EEM
iShares MSCI Emerging Markets
-3.87 -8.65 -5.14 +15.96 +7.76 +8.29 +5.81 +10.20 +6.12
VEU
Vanguard FTSE All-World ex-US
-3.33 -3.26 +1.87 +23.82 +8.34 +9.04 +7.99 +7.18 +5.40
VNQ
Vanguard Real Estate
-5.68 +0.62 +12.29 +33.49 +11.96 +7.52 +11.52 +10.37 +10.07
IEI
iShares 3-7 Year Treasury Bond
-0.82 -0.10 +0.57 -1.82 +4.52 +2.09 +2.02 +3.87 +4.74
BIL
SPDR Blmbg Barclays 1-3 Mth T-Bill
+0.01 -0.01 -0.04 -0.06 +0.96 +0.96 +0.45 +1.15 +1.92
(*) 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 Bob Clyatt Sandwich Portfolio: Dividend Yield page.

Historical Returns

Bob Clyatt Sandwich Portfolio - Historical returns and stats.

BOB CLYATT SANDWICH PORTFOLIO
Last Update: 30 September 2021
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Period Returns
Sep 2021
Standard
Deviation *
Max
Drawdown
Months
Pos - Neg
1M
-2.74%
-2.74%
Sep 2021 - Sep 2021
0 - 1
3M
-0.87%
-2.74%
Sep 2021 - Sep 2021
2 - 1
6M
+3.12%
-2.74%
Sep 2021 - Sep 2021
5 - 1
YTD
+6.34%
-2.74%
Sep 2021 - Sep 2021
8 - 1
1Y
+15.57%
7.43%
-2.74%
Sep 2021 - Sep 2021
10 - 2
3Y
+8.69%
annualized
9.45%
-10.74%
Jan 2020 - Mar 2020
26 - 10
5Y
+8.13%
annualized
7.69%
-10.74%
Jan 2020 - Mar 2020
45 - 15
10Y
+8.15%
annualized
7.07%
-10.74%
Jan 2020 - Mar 2020
86 - 34
20Y
+7.91%
annualized
8.05%
-28.96%
Nov 2007 - Feb 2009
165 - 75
25Y
+7.66%
annualized
8.13%
-28.96%
Nov 2007 - Feb 2009
201 - 99
MAX
01 Jan 1995
+8.07%
annualized
7.95%
-28.96%
Nov 2007 - Feb 2009
219 - 102
* Annualized St.Dev. of monthly returns

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25 Years Stats
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Portfolio Return Drawdown Stocks Bonds Comm.
Yale Endowment
David Swensen
+8.94% -39.46% 70 30 0 Compare
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+8.92% -38.54% 75 25 0 Compare
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+8.85% -40.18% 66.67 33.33 0 Compare
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+8.43% -40.88% 70 30 0 Compare

See all portfolios

Capital Growth

Time Range:

Drawdowns

Time Range:

Rolling Returns ( more details)

Bob Clyatt Sandwich Portfolio: annualized rolling and average returns

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Return (*) Negative
Periods
Rolling Period Average Best Worst
1 Year
+8.23% +35.08%
Mar 2009 - Feb 2010
-24.75%
Mar 2008 - Feb 2009
12.90%
2 Years
+7.75% +25.10%
Mar 2009 - Feb 2011
-11.72%
Mar 2007 - Feb 2009
8.05%
3 Years
+7.52% +17.78%
Mar 2009 - Feb 2012
-4.49%
Mar 2006 - Feb 2009
1.75%
5 Years
+7.40% +14.43%
Nov 2002 - Oct 2007
+1.29%
Mar 2004 - Feb 2009
0.00%
7 Years
+7.37% +10.24%
Mar 2009 - Feb 2016
+4.52%
Mar 2002 - Feb 2009
0.00%
10 Years
+7.51% +9.81%
Jan 1995 - Dec 2004
+4.85%
Mar 1999 - Feb 2009
0.00%
15 Years
+7.43% +8.65%
Feb 2003 - Jan 2018
+5.98%
Apr 2005 - Mar 2020
0.00%
20 Years
+7.35% +8.43%
Mar 1995 - Feb 2015
+6.21%
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 Bob Clyatt Sandwich Portfolio: Rolling Returns page.

Seasonality and Yearly/Monthly Returns

Bob Clyatt Sandwich 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 %
0.45
63%
0.31
63%
0.79
78%
1.51
85%
0.44
67%
0.52
63%
0.70
63%
0.11
63%
0.34
59%
0.52
62%
1.21
77%
1.25
77%
Best
Year
5.2
2019
3.9
1998
5.4
2009
6.8
2009
4.9
2003
3.7
2000
5.4
2009
2.8
2020
5.4
2010
5.9
2011
6.5
2020
3.8
1999
Worst
Year
-6.4
2009
-5.9
2009
-7.2
2020
-3.9
2004
-4.4
2010
-4.2
2008
-3.3
2002
-7.0
1998
-5.4
2011
-9.8
2008
-2.2
2007
-3.6
2018
Statistics calculated for the period Jan 1995 - Sep 2021

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

Monthly Returns of Bob Clyatt Sandwich Portfolio

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Months
Year Return Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021
+6.34% 0.4 1.4 1.3 2.5 1.0 0.5 0.6 1.3 -2.7
2020
+10.59% -0.4 -3.4 -7.2 5.1 2.6 1.6 2.7 2.8 -1.4 -1.0 6.5 3.1
2019
+16.81% 5.2 1.2 1.1 1.8 -2.8 3.6 0.0 -0.3 1.1 1.7 1.1 2.0
2018
-4.77% 2.0 -2.7 0.1 -0.2 1.1 -0.2 1.4 1.1 -0.6 -4.4 1.5 -3.6
2017
+13.38% 1.5 1.6 0.6 1.3 1.0 0.5 1.7 0.4 1.1 1.0 1.0 0.9
2016
+6.63% -2.1 -0.1 4.6 0.3 0.4 1.0 2.5 -0.2 0.7 -1.7 0.1 1.3
2015
+0.48% 0.4 2.1 0.0 0.8 0.2 -1.3 0.6 -3.4 -0.9 3.4 -0.1 -1.1
2014
+4.84% -1.4 2.7 0.1 0.4 1.4 1.2 -1.3 1.9 -2.6 2.1 0.7 -0.4
2013
+12.69% 2.1 0.6 1.5 1.6 -0.9 -1.7 3.0 -1.8 3.7 2.5 0.9 0.7
2012
+10.59% 4.0 1.9 0.8 0.1 -4.3 2.4 0.5 1.5 1.6 -0.6 0.8 1.8
2011
+0.70% 0.8 1.5 0.4 2.9 -0.2 -1.0 -0.1 -3.2 -5.4 5.9 -0.6 0.2
2010
+13.17% -1.5 1.5 3.6 1.5 -4.4 -1.4 5.0 -1.8 5.4 2.5 -0.9 3.5
2009
+19.04% -6.4 -5.9 5.4 6.8 4.6 -0.4 5.4 2.8 3.6 -1.9 3.5 1.2
2008
-16.79% -2.5 -0.1 0.5 1.5 0.6 -4.2 -0.7 0.2 -4.4 -9.8 -2.1 3.4
2007
+7.88% 1.2 0.2 1.2 2.1 1.3 -0.8 -0.8 1.2 2.7 2.6 -2.2 -0.9
2006
+13.86% 3.4 -0.1 1.5 1.1 -2.6 0.1 0.7 2.0 1.1 2.8 2.5 0.8
2005
+8.69% -0.8 1.8 -1.6 -0.3 2.0 1.4 2.1 0.8 1.0 -2.0 2.3 1.8
2004
+13.13% 2.0 1.7 1.0 -3.9 0.6 1.9 -1.5 1.6 1.5 1.9 3.2 2.7
2003
+24.10% -1.3 -0.1 -0.1 4.6 4.9 1.6 0.6 2.2 1.8 3.2 1.0 3.6
2002
-0.29% -0.2 0.7 1.8 0.6 0.7 -1.8 -3.3 1.3 -2.9 1.4 1.8 -0.2
2001
+0.13% 2.7 -2.8 -2.9 3.4 0.4 -0.3 0.0 -0.6 -4.3 2.3 1.7 0.7
2000
+2.38% -2.1 1.4 2.8 -2.2 -1.0 3.7 -0.7 2.6 -1.6 -1.3 -1.8 3.0
1999
+12.00% 0.7 -2.7 2.8 4.4 -1.5 3.0 -0.9 -0.5 -0.4 1.6 1.4 3.8
1998
+9.62% 1.2 3.9 2.2 0.1 -1.4 0.4 -1.2 -7.0 3.7 3.4 2.7 1.8
1997
+10.10% 1.4 0.4 -2.0 1.5 3.9 2.8 3.3 -3.4 3.4 -2.5 0.4 0.9
1996
+10.04% 1.9 -0.4 0.3 1.3 0.9 0.3 -2.6 1.1 2.6 1.3 3.6 -0.5
1995
+19.39% 0.2 1.8 1.8 2.0 3.3 1.0 1.8 0.3 1.5 -0.5 2.4 2.3

* Note:
Portofolio Returns, up to December 2007, 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:

  • VV - Vanguard Large-Cap: simulated historical serie, up to December 2004
  • SCZ - iShares MSCI EAFE Small-Cap: simulated historical serie, up to December 2007
  • IJR - iShares Core S&P Small-Cap: simulated historical serie, up to December 2000
  • EEM - iShares MSCI Emerging Markets: simulated historical serie, up to December 2003
  • VEU - Vanguard FTSE All-World ex-US: simulated historical serie, up to December 2007
  • VNQ - Vanguard Real Estate: simulated historical serie, up to December 2004
  • IEI - iShares 3-7 Year Treasury Bond: simulated historical serie, up to December 2007
  • BIL - SPDR Blmbg Barclays 1-3 Mth T-Bill: simulated historical serie, up to December 2007
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