Data Source: from January 1995 to September 2021

Last Update: 30 September 2021

The Burton Malkiel Late Thirties to Early Forties Portfolio is exposed for 85% on the Stock Market.

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

In the last 10 years, the portfolio obtained a 11.03% compound annual return, with a 11.42% standard deviation.

In the last 25 years, a 8.63% compound annual return, with a 13.75% standard deviation.

In 2020, the portfolio granted a 2.11% dividend yield. If you are interested in getting periodic income, please refer to the Burton Malkiel Late Thirties to Early Forties Portfolio: Dividend Yield page.

Asset Allocation and ETFs

The Burton Malkiel Late Thirties to Early Forties Portfolio has the following asset allocation:

85% Stocks
15% Fixed Income
0% Commodities

The Burton Malkiel Late Thirties to Early Forties Portfolio can be replicated with the following ETFs:

Weight Ticker ETF Name Investment Themes
32.50 % VTI Vanguard Total Stock Market Equity, U.S., Large Cap
16.25 % EEM iShares MSCI Emerging Markets Equity, Emerging Markets, Large Cap
16.25 % EFA iShares MSCI EAFE Equity, EAFE, Large Cap
10.00 % VIG Vanguard Dividend Appreciation Equity, U.S., Large Cap
10.00 % VNQ Vanguard Real Estate Real Estate, U.S.
5.00 % EMB iShares JP Morgan USD Em Mkts Bd Bond, Emerging Markets, All-Term
5.00 % BIL SPDR Blmbg Barclays 1-3 Mth T-Bill Bond, U.S., Ultra Short-Term
5.00 % 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 Thirties to Early Forties Portfolio guaranteed the following returns.

BURTON MALKIEL LATE THIRTIES TO EARLY FORTIES PORTFOLIO RETURNS (%)
Last Update: 30 September 2021
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1M 3M 6M 1Y 3Y(*) 5Y(*) 10Y(*) 20Y(*) 25Y(*)
Burton Malkiel Late Thirties to Early Forties Portfolio -3.97 -1.59 +4.67 +22.84 +11.15 +11.12 +11.03 +9.31 +8.63
Components
VTI
Vanguard Total Stock Market
-4.46 -0.03 +8.10 +32.16 +16.05 +16.88 +16.60 +10.07 +9.79
EEM
iShares MSCI Emerging Markets
-3.87 -8.65 -5.14 +15.96 +7.76 +8.29 +5.81 +10.20 +6.12
EFA
iShares MSCI EAFE
-3.26 -1.10 +4.22 +25.44 +7.53 +8.64 +8.13 +6.44 +5.10
VIG
Vanguard Dividend Appreciation
-4.99 -0.32 +5.37 +21.46 +13.62 +15.04 +14.48 +10.31 +10.00
VNQ
Vanguard Real Estate
-5.68 +0.62 +12.29 +33.49 +11.96 +7.52 +11.52 +10.37 +10.07
EMB
iShares JP Morgan USD Em Mkts Bd
-2.64 -1.22 +3.01 +3.20 +5.43 +3.36 +5.14 +8.56 +9.45
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
LQD
iShares Investment Grade Corporate Bond
-1.51 -0.45 +3.45 +1.11 +8.18 +4.75 +5.18 +5.62 +6.06
(*) 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 Burton Malkiel Late Thirties to Early Forties Portfolio: Dividend Yield page.

Historical Returns

Burton Malkiel Late Thirties to Early Forties Portfolio - Historical returns and stats.

BURTON MALKIEL LATE THIRTIES TO EARLY FORTIES PORTFOLIO
Last Update: 30 September 2021
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Period Returns
Sep 2021
Standard
Deviation *
Max
Drawdown
Months
Pos - Neg
1M
-3.97%
-3.97%
Sep 2021 - Sep 2021
0 - 1
3M
-1.59%
-3.97%
Sep 2021 - Sep 2021
2 - 1
6M
+4.67%
-3.97%
Sep 2021 - Sep 2021
5 - 1
YTD
+8.94%
-3.97%
Sep 2021 - Sep 2021
7 - 2
1Y
+22.84%
11.23%
-3.97%
Sep 2021 - Sep 2021
9 - 3
3Y
+11.15%
annualized
15.37%
-19.37%
Jan 2020 - Mar 2020
25 - 11
5Y
+11.12%
annualized
12.45%
-19.37%
Jan 2020 - Mar 2020
44 - 16
10Y
+11.03%
annualized
11.42%
-19.37%
Jan 2020 - Mar 2020
82 - 38
20Y
+9.31%
annualized
13.53%
-48.28%
Nov 2007 - Feb 2009
159 - 81
25Y
+8.63%
annualized
13.75%
-48.28%
Nov 2007 - Feb 2009
193 - 107
MAX
01 Jan 1995
+9.21%
annualized
13.41%
-48.28%
Nov 2007 - Feb 2009
210 - 111
* Annualized St.Dev. of monthly returns

Best Classic Portfolios, with Very High Risk, ordered by 25 Years annualized return.

25 Years Stats
% Allocation
Portfolio Return Drawdown Stocks Bonds Comm.
Technology
+13.30% -81.08% 100 0 0 Compare
US Stocks
+9.79% -50.84% 100 0 0 Compare
Warren Buffett
+9.32% -45.53% 90 10 0 Compare
Aggressive Global Income
+9.18% -52.62% 80 20 0 Compare
Stocks/Bonds 80/20
+9.12% -41.09% 80 20 0 Compare

See all portfolios

Capital Growth

Time Range:

Drawdowns

Time Range:

Rolling Returns ( more details)

Burton Malkiel Late Thirties to Early Forties Portfolio: annualized rolling and average returns

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Return (*) Negative
Periods
Rolling Period Average Best Worst
1 Year
+10.04% +57.14%
Mar 2009 - Feb 2010
-41.31%
Mar 2008 - Feb 2009
21.61%
2 Years
+8.99% +37.96%
Mar 2009 - Feb 2011
-22.98%
Mar 2007 - Feb 2009
15.44%
3 Years
+8.50% +25.05%
Mar 2009 - Feb 2012
-11.83%
Mar 2006 - Feb 2009
13.99%
5 Years
+8.18% +19.97%
Nov 2002 - Oct 2007
-1.97%
Mar 2004 - Feb 2009
1.15%
7 Years
+7.97% +13.39%
Mar 2009 - Feb 2016
+1.83%
Mar 2002 - Feb 2009
0.00%
10 Years
+8.15% +12.91%
Mar 2009 - Feb 2019
+2.84%
Mar 1999 - Feb 2009
0.00%
15 Years
+7.97% +10.43%
Feb 2003 - Jan 2018
+6.41%
Apr 2005 - Mar 2020
0.00%
20 Years
+7.94% +9.44%
Mar 1995 - Feb 2015
+6.06%
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 Thirties to Early Forties Portfolio: Rolling Returns page.

Seasonality and Yearly/Monthly Returns

Burton Malkiel Late Thirties to Early Forties 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 %
0.29
44%
0.24
67%
1.03
78%
2.40
78%
0.35
59%
0.54
63%
0.99
59%
-0.39
56%
0.02
63%
0.70
62%
1.73
77%
1.95
81%
Best
Year
7.8
2019
6.0
1998
8.1
2009
11.8
2009
7.8
2009
5.4
2019
8.2
2009
4.2
2020
7.8
2010
10.4
2011
9.9
2020
7.9
1999
Worst
Year
-9.3
2009
-9.6
2009
-13.2
2020
-6.2
2004
-7.3
2010
-7.6
2008
-7.5
2002
-14.9
1998
-9.3
2001
-18.7
2008
-6.6
2008
-6.1
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 Burton Malkiel Late Thirties to Early Forties Portfolio

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Months
Year Return Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021
+8.94% -0.2 1.8 2.5 3.7 1.3 1.2 0.6 1.9 -4.0
2020
+12.75% -1.1 -6.0 -13.2 8.6 4.1 2.8 4.7 4.2 -2.2 -1.5 9.9 4.2
2019
+24.10% 7.8 1.9 1.6 2.6 -4.5 5.4 0.2 -0.9 1.6 2.0 1.5 3.1
2018
-7.61% 3.9 -4.4 -0.4 -0.3 0.7 -0.4 2.9 0.7 0.1 -6.3 2.4 -6.1
2017
+20.64% 2.5 2.6 0.9 1.4 1.6 0.7 2.4 0.5 1.4 1.7 1.7 1.5
2016
+8.99% -4.1 -0.4 7.5 0.5 0.2 1.8 3.6 0.0 0.4 -2.1 0.1 1.7
2015
-2.65% -0.3 3.7 -0.9 1.3 -0.3 -2.4 0.7 -5.9 -2.1 6.0 -0.3 -1.7
2014
+7.18% -3.3 4.3 0.9 1.0 2.1 1.7 -1.2 2.7 -3.5 2.6 1.2 -1.1
2013
+16.37% 3.1 0.2 2.0 2.7 -1.3 -2.4 3.8 -3.0 4.6 3.7 0.7 1.6
2012
+15.81% 5.4 3.4 1.2 -0.5 -6.6 4.3 1.1 1.7 2.2 -0.6 1.1 2.7
2011
-2.39% 0.8 2.7 0.7 3.5 -1.0 -1.4 -1.3 -5.7 -8.9 10.4 -1.2 0.3
2010
+14.99% -4.0 2.3 6.1 1.3 -7.3 -3.2 7.7 -2.8 7.8 3.3 -1.6 5.7
2009
+31.14% -9.3 -9.6 8.1 11.8 7.8 -0.6 8.2 3.3 5.2 -2.5 5.3 2.4
2008
-32.91% -5.1 -1.2 0.0 4.9 1.2 -7.6 -1.1 -0.6 -8.5 -18.7 -6.6 6.8
2007
+8.39% 1.9 -1.3 1.5 3.1 2.6 -1.1 -2.5 1.5 5.1 3.8 -4.6 -1.5
2006
+21.40% 5.3 0.3 1.9 1.7 -3.9 0.5 1.5 2.4 0.7 4.2 3.5 1.7
2005
+11.93% -1.7 3.1 -3.3 -0.3 2.6 2.3 4.1 0.4 2.2 -2.9 3.7 1.5
2004
+16.16% 2.4 1.5 0.7 -6.2 1.8 1.8 -2.3 2.5 2.3 2.5 4.7 3.8
2003
+34.34% -1.5 -0.8 0.1 8.0 5.1 2.7 2.7 1.3 0.6 5.3 1.9 5.0
2002
-10.16% -0.6 0.6 3.9 -0.7 -0.4 -4.2 -7.5 1.6 -7.4 3.1 3.3 -1.6
2001
-1.34% 5.6 -6.0 -4.8 5.8 0.5 -0.3 -1.6 -1.2 -9.3 3.0 6.2 2.1
2000
-4.91% -3.5 1.2 3.3 -2.6 -1.8 3.7 -0.3 3.0 -2.8 -2.4 -5.2 3.0
1999
+22.20% -0.1 -1.5 3.8 6.4 -2.1 3.8 -2.1 -0.4 -1.2 3.6 2.9 7.9
1998
+8.06% -0.5 6.0 3.7 0.2 -3.3 0.1 -1.3 -14.9 4.8 6.9 5.0 3.0
1997
+13.64% 2.8 0.8 -2.8 1.7 5.6 4.0 4.5 -5.1 5.2 -5.9 1.4 1.5
1996
+17.87% 3.4 0.2 1.1 2.3 1.5 0.1 -3.8 2.4 3.7 0.7 4.9 0.4
1995
+19.80% -1.6 1.2 1.9 2.9 3.4 1.4 3.2 -0.1 2.3 -1.7 2.8 2.8

* 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
  • EEM - iShares MSCI Emerging Markets: simulated historical serie, up to December 2003
  • EFA - iShares MSCI EAFE: 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
  • EMB - iShares JP Morgan USD Em Mkts Bd: simulated historical serie, up to December 2007
  • BIL - SPDR Blmbg Barclays 1-3 Mth T-Bill: simulated historical serie, up to December 2007
  • LQD - iShares Investment Grade Corporate Bond: simulated historical serie, up to December 2002
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