Data Source: from January 1995 to December 2021
Last Update: 31 December 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 7.93% compound annual return, with a 6.94% standard deviation.
In the last 25 years, a 7.62% compound annual return, with a 8.13% standard deviation.
Asset Allocation and ETFs
The Bob Clyatt Sandwich Portfolio has the following asset allocation:
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 |
Portfolio and ETF Returns
The Bob Clyatt Sandwich Portfolio guaranteed the following returns.
| 1M | 3M | 6M | 1Y | 3Y(*) | 5Y(*) | 10Y(*) | 20Y(*) | 25Y(*) | |
|---|---|---|---|---|---|---|---|---|---|
| Bob Clyatt Sandwich Portfolio | +2.45 | +3.33 | +2.42 | +9.88 | +12.38 | +8.91 | +7.93 | +7.84 | +7.62 |
| --- Inflation Adjusted return | +1.97 | +1.09 | -0.94 | +2.57 | +8.55 | +5.82 | +5.69 | +5.40 | +5.21 |
| Components | |||||||||
|
VV Vanguard Large-Cap |
+4.17 | +10.38 | +10.81 | +27.40 | +26.47 | +18.72 | +16.63 | +9.69 | +9.88 |
|
SCZ iShares MSCI EAFE Small-Cap |
+3.71 | +0.24 | +0.58 | +10.14 | +15.32 | +10.89 | +10.65 | +11.00 | +8.23 |
|
IJR iShares Core S&P Small-Cap |
+4.50 | +5.57 | +2.49 | +26.60 | +20.05 | +12.37 | +14.47 | +10.68 | +10.37 |
|
EEM iShares MSCI Emerging Markets |
+1.53 | -1.57 | -10.09 | -3.61 | +10.06 | +9.16 | +4.73 | +8.87 | +5.94 |
|
VEU Vanguard FTSE All-World ex-US |
+3.69 | +1.96 | -1.37 | +8.28 | +13.60 | +9.89 | +7.57 | +6.87 | +5.48 |
|
VNQ Vanguard Real Estate |
+9.69 | +15.03 | +15.74 | +40.52 | +19.96 | +11.22 | +11.50 | +10.89 | +9.94 |
|
IEI iShares 3-7 Year Treasury Bond |
-0.40 | -0.91 | -1.01 | -2.54 | +3.28 | +2.48 | +1.84 | +3.90 | +4.58 |
|
BIL SPDR Blmbg Barclays 1-3 Mth T-Bill |
0.00 | -0.03 | -0.04 | -0.10 | +0.77 | +0.95 | +0.45 | +1.12 | +1.86 |
- 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 1.55% dividend yield. If you are interested in getting periodic income, please refer to the Bob Clyatt Sandwich Portfolio: Dividend Yield page.
Historical Returns
Historical returns and stats of Bob Clyatt Sandwich 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
|
+2.45%
|
+1.97%
|
0.00%
|
1 - 0
|
|
|
3M
|
+3.33%
|
+1.09%
|
-1.54%
Nov 2021 - Nov 2021
|
2 - 1
|
|
|
6M
|
+2.42%
|
-0.94%
|
-2.74%
Sep 2021 - Sep 2021
|
4 - 2
|
|
|
YTD
|
+9.88%
|
+2.57%
|
5.24%
|
-2.74%
Sep 2021 - Sep 2021
|
10 - 2
83% pos
|
|
1Y
|
+9.88%
|
+2.57%
|
5.24%
|
-2.74%
Sep 2021 - Sep 2021
|
10 - 2
83% pos
|
|
3Y
|
+12.38%
annualized
|
+8.55%
annualized
|
8.76%
|
-10.75%
Jan 2020 - Mar 2020
|
27 - 9
75% pos
|
|
5Y
|
+8.91%
annualized
|
+5.82%
annualized
|
7.75%
|
-10.75%
Jan 2020 - Mar 2020
|
45 - 15
75% pos
|
|
10Y
|
+7.93%
annualized
|
+5.69%
annualized
|
6.94%
|
-10.75%
Jan 2020 - Mar 2020
|
86 - 34
72% pos
|
|
20Y
|
+7.84%
annualized
|
+5.40%
annualized
|
8.07%
|
-28.96%
Nov 2007 - Feb 2009
|
164 - 76
68% pos
|
|
25Y
|
+7.62%
annualized
|
+5.21%
annualized
|
8.13%
|
-28.96%
Nov 2007 - Feb 2009
|
201 - 99
67% pos
|
|
MAX
01 Jan 1995
|
+8.12%
annualized
|
+5.65%
annualized
|
7.94%
|
-28.96%
Nov 2007 - Feb 2009
|
221 - 103
68% pos
|
Portfolio efficiency
Is the Bob Clyatt Sandwich 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 | |
Our overall ratings, assigned to the Bob Clyatt Sandwich Portfolio. The portfolio is classified as High Risk.
Less than 25%
25% - 49.99%
50% - 74.99%
At least 75%
| High Risk Portfolios |
All Portfolios |
||
|---|---|---|---|
| 25 Years Ann. Return (Inflation Adjusted) |
+7.62%
(+5.21%) |
Average : 2.6 / 5
|
Good : 3.3 / 5
|
| Standard Deviation over 25 Years |
8.13% |
Excellent : 4.9 / 5
|
Good : 3.8 / 5
|
| Maximum Drawdown over 25 Years |
-28.96% |
Excellent : 5 / 5
|
Good : 3.2 / 5
|
| Easy to manage | 8 ETFs |
Bad : 1.5 / 5
|
Bad : 1.5 / 5
|
| Rating assigned considering all the High Risk Portfolios | Rating assigned considering all the Portfolios in the database |
Capital Growth
An investment of 1000$, since January 1997, now would be worth 6270.37$, with a total return of 527.04% (7.62% annualized).
The Inflation Adjusted Capital now would be 3560.47$, with a net total return of 256.05% (5.21% annualized).
Drawdowns
Worst drawdowns since January 1997 - Chart and Data
Drawdown period |
Recovery period |
Total |
||||
|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months |
| -28.96% | Nov 2007 | Feb 2009 | 16 | Apr 2010 | 14 | 30 |
| -10.75% | Jan 2020 | Mar 2020 | 3 | Jul 2020 | 4 | 7 |
| -9.56% | May 2011 | Sep 2011 | 5 | Feb 2012 | 5 | 10 |
| -9.04% | May 1998 | Aug 1998 | 4 | Nov 1998 | 3 | 7 |
| -7.14% | Sep 2018 | Dec 2018 | 4 | Apr 2019 | 4 | 8 |
| -6.93% | Feb 2001 | Sep 2001 | 8 | Apr 2002 | 7 | 15 |
| -6.62% | Jun 2002 | Sep 2002 | 4 | May 2003 | 8 | 12 |
| -5.67% | May 2010 | Jun 2010 | 2 | Sep 2010 | 3 | 5 |
| -5.03% | Jun 2015 | Feb 2016 | 9 | Jun 2016 | 4 | 13 |
| -4.69% | Sep 2000 | Nov 2000 | 3 | Jan 2001 | 2 | 5 |
| -4.32% | May 2012 | May 2012 | 1 | Sep 2012 | 4 | 5 |
| -3.88% | Apr 2004 | Apr 2004 | 1 | Sep 2004 | 5 | 6 |
| -3.38% | Aug 1997 | Aug 1997 | 1 | Feb 1998 | 6 | 7 |
| -3.21% | Apr 2000 | May 2000 | 2 | Jun 2000 | 1 | 3 |
| -2.79% | Feb 2018 | Apr 2018 | 3 | Aug 2018 | 4 | 7 |
| -2.79% | May 2019 | May 2019 | 1 | Jun 2019 | 1 | 2 |
| -2.74% | Feb 1999 | Feb 1999 | 1 | Apr 1999 | 2 | 3 |
| -2.74% | Sep 2021 | Sep 2021 | 1 | Dec 2021 | 3 | 4 |
| -2.63% | May 2006 | May 2006 | 1 | Aug 2006 | 3 | 4 |
| -2.58% | Sep 2014 | Sep 2014 | 1 | Nov 2014 | 2 | 3 |
Rolling Returns ( more details)
Bob Clyatt Sandwich Portfolio: annualized rolling and average returns
| Return (*) | Negative Periods |
|||
|---|---|---|---|---|
| Rolling Period | Average | Best | Worst | |
| 1 Year |
+8.28% |
+35.08% Mar 2009 - Feb 2010 |
-24.75% Mar 2008 - Feb 2009 |
12.78% |
| 2 Years |
+7.77% |
+25.10% Mar 2009 - Feb 2011 |
-11.72% Mar 2007 - Feb 2009 |
7.97% |
| 3 Years |
+7.56% |
+17.78% Mar 2009 - Feb 2012 |
-4.49% Mar 2006 - Feb 2009 |
1.73% |
| 5 Years |
+7.42% |
+14.43% Nov 2002 - Oct 2007 |
+1.29% Mar 2004 - Feb 2009 |
0.00% |
| 7 Years |
+7.36% |
+10.24% Mar 2009 - Feb 2016 |
+4.52% Mar 2002 - Feb 2009 |
0.00% |
| 10 Years |
+7.52% |
+9.81% Jan 1995 - Dec 2004 |
+4.85% Mar 1999 - Feb 2009 |
0.00% |
| 15 Years |
+7.42% |
+8.65% Feb 2003 - Jan 2018 |
+5.98% Apr 2005 - Mar 2020 |
0.00% |
| 20 Years |
+7.36% |
+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
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.
| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Win % |
0.45 63% |
0.30 63% |
0.79 78% |
1.51 85% |
0.43 67% |
0.52 63% |
0.70 63% |
0.11 63% |
0.34 59% |
0.59 63% |
1.11 74% |
1.29 78% |
| Best Year |
5.2 2019 |
3.9 1998 |
5.3 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 |
For further information about the seasonality, check the Asset Class Seasonality page.
Monthly/Yearly Returns
Bob Clyatt Sandwich 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 |
+9.88 | +2.57 | 0.4 | 1.4 | 1.3 | 2.5 | 1.0 | 0.5 | 0.6 | 1.3 | -2.7 | 2.4 | -1.5 | 2.5 |
| 2020 |
+10.59 | +9.17 | -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 | +14.22 | 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 | -6.57 | 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 | +11.05 | 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 | +4.49 | -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 | -0.16 | 0.4 | 2.1 | 0.0 | 0.8 | 0.2 | -1.2 | 0.6 | -3.4 | -0.9 | 3.4 | -0.1 | -1.1 |
| 2014 |
+4.84 | +4.16 | -1.4 | 2.7 | 0.1 | 0.4 | 1.4 | 1.2 | -1.2 | 1.9 | -2.6 | 2.1 | 0.7 | -0.4 |
| 2013 |
+12.69 | +11.01 | 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 | +8.67 | 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 | -2.29 | 0.8 | 1.5 | 0.4 | 2.8 | -0.2 | -1.0 | -0.1 | -3.1 | -5.4 | 5.9 | -0.6 | 0.2 |
| 2010 |
+13.17 | +11.56 | -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 | +15.78 | -6.4 | -5.9 | 5.3 | 6.8 | 4.6 | -0.4 | 5.4 | 2.8 | 3.6 | -1.9 | 3.5 | 1.2 |
| 2008 |
-16.79 | -16.77 | -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 | +3.62 | 1.2 | 0.2 | 1.2 | 2.1 | 1.3 | -0.8 | -0.8 | 1.2 | 2.7 | 2.5 | -2.2 | -0.9 |
| 2006 |
+13.86 | +11.05 | 3.4 | -0.1 | 1.5 | 1.0 | -2.6 | 0.1 | 0.7 | 2.0 | 1.1 | 2.8 | 2.5 | 0.8 |
| 2005 |
+8.69 | +5.18 | -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 | +9.47 | 2.0 | 1.7 | 1.0 | -3.9 | 0.6 | 1.9 | -1.5 | 1.6 | 1.5 | 1.8 | 3.2 | 2.7 |
| 2003 |
+24.10 | +21.63 | -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 | -2.70 | -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 | -1.45 | 2.7 | -2.8 | -2.9 | 3.4 | 0.4 | -0.3 | 0.0 | -0.6 | -4.3 | 2.3 | 1.7 | 0.6 |
| 2000 |
+2.38 | -1.02 | -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 | +9.08 | 0.7 | -2.7 | 2.8 | 4.4 | -1.5 | 2.9 | -0.9 | -0.5 | -0.4 | 1.6 | 1.4 | 3.8 |
| 1998 |
+9.62 | +7.88 | 1.2 | 3.9 | 2.2 | 0.1 | -1.4 | 0.4 | -1.2 | -7.0 | 3.7 | 3.4 | 2.6 | 1.8 |
| 1997 |
+10.10 | +8.26 | 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 | +6.44 | 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 | +16.44 | 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