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:
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 |
Portfolio and ETF Returns
The Burton Malkiel Late Sixties and Beyond Portfolio guaranteed the following returns.
| 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 |
- 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.
| 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
|
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 | |
Our overall ratings, assigned to the Burton Malkiel Late Sixties and Beyond 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) |
+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
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
Worst drawdowns since January 1997 - Chart and 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
| 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.
| 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 |
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?
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