Data Source: from January 1995 to December 2021

Last Update: 31 December 2021

The Burton Malkiel Late Sixties and Beyond Portfolio is exposed for 71% 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 9.81% compound annual return, with a 9.59% standard deviation.

In the last 25 years, a 8.63% compound annual return, with a 11.74% standard deviation.

Asset Allocation and ETFs

The Burton Malkiel Late Sixties and Beyond Portfolio has the following asset allocation:

71% Stocks
29% Fixed Income
0% Commodities

The Burton Malkiel Late Sixties and Beyond Portfolio can be replicated with the following ETFs:

Weight Ticker ETF Name Investment Themes
20.00 % VTI Vanguard Total Stock Market Equity, U.S., Large Cap
16.00 % VIG Vanguard Dividend Appreciation Equity, U.S., Large Cap
15.00 % VNQ Vanguard Real Estate Real Estate, U.S.
10.00 % EEM iShares MSCI Emerging Markets Equity, Emerging Markets, Large Cap
10.00 % EFA iShares MSCI EAFE Equity, EAFE, Large Cap
10.00 % BIL SPDR Blmbg Barclays 1-3 Mth T-Bill Bond, U.S., Ultra Short-Term
9.50 % EMB iShares JP Morgan USD Em Mkts Bd Bond, Emerging Markets, All-Term
9.50 % LQD iShares Investment Grade Corporate Bond Bond, U.S., 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 Burton Malkiel Late Sixties and Beyond Portfolio guaranteed the following returns.

BURTON MALKIEL LATE SIXTIES AND BEYOND PORTFOLIO RETURNS (%)
Last Update: 31 December 2021
Swipe left to see all data
1M 3M 6M 1Y 3Y(*) 5Y(*) 10Y(*) 20Y(*) 25Y(*)
Burton Malkiel Late Sixties and Beyond Portfolio +4.34 +6.70 +5.58 +15.40 +15.88 +11.27 +9.81 +8.72 +8.63
--- Inflation Adjusted return +3.85 +4.40 +2.11 +7.73 +11.93 +8.11 +7.53 +6.26 +6.20
Components
VTI
Vanguard Total Stock Market
+3.79 +9.11 +9.08 +25.67 +25.73 +17.96 +16.29 +9.91 +9.88
VIG
Vanguard Dividend Appreciation
+6.52 +12.34 +11.98 +23.77 +22.79 +17.25 +14.44 +10.05 +10.22
VNQ
Vanguard Real Estate
+9.69 +15.03 +15.74 +40.52 +19.96 +11.22 +11.50 +10.89 +9.94
EEM
iShares MSCI Emerging Markets
+1.53 -1.57 -10.09 -3.61 +10.06 +9.16 +4.73 +8.87 +5.94
EFA
iShares MSCI EAFE
+4.41 +2.84 +1.71 +11.46 +13.53 +9.55 +7.92 +6.26 +5.22
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
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
LQD
iShares Investment Grade Corporate Bond
-0.03 +0.38 -0.08 -1.85 +8.53 +5.66 +4.94 +5.65 +5.93
(*) 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

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 2.25% dividend yield. If you are interested in getting periodic income, please refer to the Burton Malkiel Late Sixties and Beyond Portfolio: Dividend Yield page.

Historical Returns

Historical returns and stats of Burton Malkiel Late Sixties and Beyond Portfolio. Total Returns and Inflation Adjusted Returns are both mentioned.

BURTON MALKIEL LATE SIXTIES AND BEYOND PORTFOLIO
Last Update: 31 December 2021
Swipe left to see all data
Period Return
Dec 2021
update
Return
Inflation
Adjusted
Standard
Deviation(*)
Max
Drawdown
Months
Pos - Neg
1M
Dec 2021
+4.34%
+3.85%
0.00%
1 - 0
3M
+6.70%
+4.40%
-1.89%
Nov 2021 - Nov 2021
2 - 1
6M
+5.58%
+2.11%
-3.79%
Sep 2021 - Sep 2021
4 - 2
YTD
+15.40%
+7.73%
8.04%
-3.79%
Sep 2021 - Sep 2021
9 - 3
75% pos
1Y
+15.40%
+7.73%
8.04%
-3.79%
Sep 2021 - Sep 2021
9 - 3
75% pos
3Y
+15.88%
annualized
+11.93%
annualized
12.67%
-16.82%
Jan 2020 - Mar 2020
27 - 9
75% pos
5Y
+11.27%
annualized
+8.11%
annualized
10.95%
-16.82%
Jan 2020 - Mar 2020
46 - 14
77% pos
10Y
+9.81%
annualized
+7.53%
annualized
9.59%
-16.82%
Jan 2020 - Mar 2020
84 - 36
70% pos
20Y
+8.72%
annualized
+6.26%
annualized
11.66%
-41.80%
Nov 2007 - Feb 2009
164 - 76
68% pos
25Y
+8.63%
annualized
+6.20%
annualized
11.74%
-41.80%
Nov 2007 - Feb 2009
201 - 99
67% pos
MAX
01 Jan 1995
+9.40%
annualized
+6.90%
annualized
11.43%
-41.80%
Nov 2007 - Feb 2009
221 - 103
68% pos
(*)Annualized St.Dev. of monthly returns

Portfolio efficiency

Is the Burton Malkiel Late Sixties and Beyond 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
Lazy Portfolio
David Swensen
+8.41% -40.88% 70 30 0 Compare

See all portfolios

Our overall ratings, assigned to the Burton Malkiel Late Sixties and Beyond Portfolio. The portfolio is classified as High Risk.

Very High Risk
Bond weight:
Less than 25%
High Risk
Bond weight:
25% - 49.99%
Medium Risk
Bond weight:
50% - 74.99%
Low Risk
Bond weight:
At least 75%
High Risk
Portfolios
All
Portfolios
25 Years Ann. Return
(Inflation Adjusted)
+8.63%
(+6.20%)
Excellent : 4.2 / 5
Good : 4 / 5
Standard Deviation
over 25 Years
11.74%
Bad : 1.2 / 5
Average : 3 / 5
Maximum Drawdown
over 25 Years
-41.80%
Poor : 1 / 5
Average : 2.3 / 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

Time Range:

An investment of 1000$, since January 1997, now would be worth 7915.90$, with a total return of 691.59% (8.63% annualized).

The Inflation Adjusted Capital now would be 4494.84$, with a net total return of 349.48% (6.20% annualized).

Drawdowns

Time Range:

Worst drawdowns since January 1997 - Chart and Data

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-41.80% Nov 2007 Feb 2009 16 Dec 2010 22 38
-16.82% Jan 2020 Mar 2020 3 Aug 2020 5 8
-16.48% May 1998 Aug 1998 4 Apr 1999 8 12
-13.38% May 2011 Sep 2011 5 Feb 2012 5 10
-12.20% May 2002 Sep 2002 5 May 2003 8 13
-9.27% Feb 2001 Sep 2001 8 Feb 2002 5 13
-8.08% Feb 2018 Dec 2018 11 Feb 2019 2 13
-7.72% Mar 2015 Sep 2015 7 Jun 2016 9 16
-7.04% Apr 2004 Apr 2004 1 Oct 2004 6 7
-6.12% Sep 2000 Nov 2000 3 Jan 2001 2 5
-5.09% May 2012 May 2012 1 Aug 2012 3 4
-4.83% Oct 1997 Oct 1997 1 Feb 1998 4 5
-4.31% Jun 2007 Jul 2007 2 Sep 2007 2 4
-4.06% Jul 1999 Sep 1999 3 Dec 1999 3 6
-4.03% May 2013 Aug 2013 4 Oct 2013 2 6
-3.79% Sep 2021 Sep 2021 1 Oct 2021 1 2
-3.71% Aug 1997 Aug 1997 1 Sep 1997 1 2
-3.27% Sep 2020 Oct 2020 2 Nov 2020 1 3
-3.12% May 2019 May 2019 1 Jun 2019 1 2
-3.10% Sep 2014 Sep 2014 1 Nov 2014 2 3

Rolling Returns ( more details)

Burton Malkiel Late Sixties and Beyond Portfolio: annualized rolling and average returns

Swipe left to see all data
Return (*) Negative
Periods
Rolling Period Average Best Worst
1 Year
+9.82% +49.65%
Mar 2009 - Feb 2010
-35.62%
Mar 2008 - Feb 2009
16.29%
2 Years
+9.00% +33.68%
Mar 2009 - Feb 2011
-20.08%
Mar 2007 - Feb 2009
9.63%
3 Years
+8.61% +23.17%
Mar 2009 - Feb 2012
-9.76%
Mar 2006 - Feb 2009
8.30%
5 Years
+8.35% +17.95%
Mar 2009 - Feb 2014
-1.13%
Mar 2004 - Feb 2009
0.75%
7 Years
+8.22% +12.90%
Apr 2009 - Mar 2016
+2.45%
Mar 2002 - Feb 2009
0.00%
10 Years
+8.31% +12.02%
Mar 2009 - Feb 2019
+4.07%
Mar 1999 - Feb 2009
0.00%
15 Years
+8.10% +9.65%
Feb 2003 - Jan 2018
+6.42%
Apr 2005 - Mar 2020
0.00%
20 Years
+8.21% +9.70%
Mar 1995 - Feb 2015
+6.85%
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 Burton Malkiel Late Sixties and Beyond Portfolio: Rolling Returns page.

Seasonality

Burton Malkiel Late Sixties and Beyond 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 %
0.42
48%
0.21
67%
0.92
78%
2.13
89%
0.48
59%
0.58
70%
1.07
63%
-0.09
67%
0.09
59%
0.64
63%
1.36
70%
1.90
85%
Best
Year
7.0
2019
4.4
1998
6.5
2016
10.8
2009
5.9
2009
4.6
2019
7.1
2009
3.7
2009
6.0
2010
8.9
2011
8.4
2020
7.6
2008
Worst
Year
-8.6
2009
-9.3
2009
-12.1
2020
-7.0
2004
-5.9
2010
-6.6
2008
-6.5
2002
-13.3
1998
-8.0
2001
-17.1
2008
-5.1
2008
-5.1
2018
Statistics calculated for the period Jan 1995 - Dec 2021

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

Monthly/Yearly Returns

Burton Malkiel Late Sixties and Beyond Portfolio monthly and yearly returns: how is the distribution of the returns recorded so far?

MONTHLY RETURNS HISTOGRAM
221 Positive Months (68%) - 103 Negative Months (32%)
Jan 1995 - Dec 2021
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021
+15.40 +7.73 -0.6 1.2 2.5 3.7 1.2 1.2 1.2 1.6 -3.8 4.2 -1.9 4.3
2020
+10.03 +8.61 -0.3 -5.1 -12.1 7.5 3.5 2.3 4.1 3.1 -1.8 -1.5 8.4 3.2
2019
+22.55 +19.84 7.0 1.7 1.8 2.0 -3.1 4.6 0.6 0.2 1.2 1.4 1.0 2.4
2018
-5.90 -7.67 2.4 -4.0 0.0 -0.4 0.9 0.0 2.5 0.8 0.1 -5.1 2.2 -5.1
2017
+16.49 +14.09 1.8 2.5 0.4 1.2 1.2 0.7 1.8 0.5 1.1 1.2 1.7 1.3
2016
+8.48 +6.30 -3.1 0.0 6.5 0.3 0.4 2.4 3.0 -0.3 0.0 -2.2 -0.3 1.8
2015
-1.63 -2.25 0.5 2.4 -0.6 0.3 -0.2 -2.4 1.2 -4.9 -1.2 5.0 -0.2 -1.1
2014
+9.01 +8.30 -2.1 3.9 0.7 1.2 2.0 1.3 -1.1 2.5 -3.1 3.0 1.3 -0.6
2013
+12.49 +10.81 2.5 0.4 1.8 2.8 -1.7 -2.3 3.1 -3.1 3.8 3.4 0.1 1.2
2012
+14.20 +12.22 4.3 2.5 1.3 0.1 -5.1 3.7 1.5 1.3 1.6 -0.5 0.9 2.1
2011
+1.01 -1.99 0.9 2.5 0.4 3.3 -0.5 -1.2 -0.7 -4.3 -7.3 8.9 -1.2 1.1
2010
+14.47 +12.85 -3.1 2.3 5.3 1.9 -5.9 -2.5 6.6 -1.8 6.0 2.8 -1.5 4.4
2009
+25.30 +21.87 -8.6 -9.3 6.3 10.8 5.9 -0.4 7.1 3.7 4.6 -2.1 4.7 2.1
2008
-26.02 -26.01 -3.5 -1.2 0.8 4.0 0.6 -6.6 -0.2 0.1 -6.9 -17.1 -5.1 7.6
2007
+5.18 +1.03 2.1 -1.0 0.8 2.5 1.8 -1.8 -2.6 1.9 4.1 2.7 -3.8 -1.4
2006
+20.06 +17.10 4.2 1.2 1.4 0.7 -2.7 0.7 1.9 2.5 0.6 3.8 3.4 1.0
2005
+9.86 +6.31 -1.5 2.1 -3.0 0.8 2.6 2.5 3.4 0.3 1.1 -2.3 3.2 0.5
2004
+14.78 +11.07 2.5 0.9 1.3 -7.0 1.9 1.5 -1.2 3.3 1.8 2.4 3.4 3.5
2003
+29.73 +27.14 -0.9 0.3 0.7 7.1 4.3 2.6 1.9 -0.2 0.7 3.9 1.9 4.1
2002
-5.70 -7.98 -0.1 1.0 3.4 0.1 -0.2 -2.8 -6.5 2.3 -5.4 1.3 1.5 0.1
2001
+5.85 +4.18 6.0 -4.0 -2.9 4.0 0.8 1.0 -0.6 0.5 -8.0 2.7 5.6 1.5
2000
+2.46 -0.95 -2.5 0.2 2.9 -0.6 -0.7 3.0 1.5 2.2 -1.3 -1.7 -3.2 2.9
1999
+12.48 +9.55 -1.0 -1.2 2.3 5.3 -1.5 2.3 -2.4 -0.5 -1.3 2.5 1.2 6.3
1998
+5.92 +4.25 -0.2 4.4 3.3 0.0 -2.6 0.3 -1.5 -13.3 4.8 5.1 4.4 2.5
1997
+15.13 +13.21 2.5 0.7 -2.5 1.6 4.8 3.7 4.3 -3.7 5.0 -4.8 1.6 1.6
1996
+18.95 +15.07 2.9 -0.2 0.9 1.9 1.5 0.4 -2.7 2.4 3.6 1.1 4.7 1.1
1995
+20.20 +17.24 -0.8 1.3 1.2 2.6 3.6 1.5 2.5 0.4 2.3 -1.4 2.6 2.9

* 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:

  • VTI - Vanguard Total Stock Market: simulated historical serie, up to December 2001
  • VIG - Vanguard Dividend Appreciation: simulated historical serie, up to December 2006
  • VNQ - Vanguard Real Estate: simulated historical serie, up to December 2004
  • EEM - iShares MSCI Emerging Markets: simulated historical serie, up to December 2003
  • EFA - iShares MSCI EAFE: simulated historical serie, up to December 2001
  • BIL - SPDR Blmbg Barclays 1-3 Mth T-Bill: simulated historical serie, up to December 2007
  • EMB - iShares JP Morgan USD Em Mkts Bd: simulated historical serie, up to December 2007
  • LQD - iShares Investment Grade Corporate Bond: simulated historical serie, up to December 2002
Share this page