Bob Clyatt Sandwich Portfolio: ETF allocation and returns

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.

Readings that may interest you

The 7 Habits of Highly Effective People (30th Anniversary Edition)

The Almanack of Naval Ravikant: A Guide to Wealth and Happiness

Summary of Principles: Life and Work: By Ray Dalio

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

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:

Worst drawdowns since October 1996 - Chart and Data

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	Drawdown period			Recovery period		Total
Drawdown	Start	Bottom	#Months	End	#Months	#Months
-28.96%	Nov 2007	Feb 2009	16	Apr 2010	14	30
-10.74%	Jan 2020	Mar 2020	3	Jul 2020	4	7
-9.57%	May 2011	Sep 2011	5	Feb 2012	5	10
-9.04%	May 1998	Aug 1998	4	Nov 1998	3	7
-7.13%	Sep 2018	Dec 2018	4	Apr 2019	4	8
-6.92%	Feb 2001	Sep 2001	8	Apr 2002	7	15
-6.61%	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
-2.80%	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	in progress		1
-2.63%	May 2006	May 2006	1	Aug 2006	3	4
-2.58%	Sep 2014	Sep 2014	1	Nov 2014	2	3

Worst drawdowns since January 1995 - Chart and Data

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	Drawdown period			Recovery period		Total
Drawdown	Start	Bottom	#Months	End	#Months	#Months
-28.96%	Nov 2007	Feb 2009	16	Apr 2010	14	30
-10.74%	Jan 2020	Mar 2020	3	Jul 2020	4	7
-9.57%	May 2011	Sep 2011	5	Feb 2012	5	10
-9.04%	May 1998	Aug 1998	4	Nov 1998	3	7
-7.13%	Sep 2018	Dec 2018	4	Apr 2019	4	8
-6.92%	Feb 2001	Sep 2001	8	Apr 2002	7	15
-6.61%	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
-2.80%	Feb 2018	Apr 2018	3	Aug 2018	4	7
-2.79%	May 2019	May 2019	1	Jun 2019	1	2
-2.74%	Sep 2021	Sep 2021	1	in progress		1
-2.74%	Feb 1999	Feb 1999	1	Apr 1999	2	3
-2.63%	Jul 1996	Jul 1996	1	Sep 1996	2	3
-2.63%	May 2006	May 2006	1	Aug 2006	3	4

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	Negative Periods
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.

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	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