Last Update: 31 January 2020
The David Swensen Lazy Portfolio is exposed for 70% on the Stock Market.
It's a High Risk portfolio and it can be replicated with 6 ETFs.
In the last 10 years, the portfolio obtained a 8.87% compound annual return, with a 8.88% standard deviation.
Asset Allocation and ETFs
The David Swensen Lazy Portfolio has the following asset allocation:
The David Swensen Lazy Portfolio can be replicated with the following ETFs:
| Weight | Ticker | ETF Name | Investment Themes | |
|---|---|---|---|---|
| 30.00 % | VTI | Vanguard Total Stock Market | Equity, U.S., Large Cap | |
| 20.00 % | VNQ | Vanguard Real Estate | Real Estate, U.S. | |
| 15.00 % | VEU | Vanguard FTSE All-World ex-US | Equity, Global ex-US, Large Cap | |
| 5.00 % | EEM | iShares MSCI Emerging Markets | Equity, Emerging Markets, Large Cap | |
| 15.00 % | IEI | iShares 3-7 Year Treasury Bond | Bond, U.S., Intermediate-Term | |
| 15.00 % | TIP | iShares TIPS Bond | Bond, U.S., All-Term |
Historical Returns
David Swensen Lazy Portfolio - Historical returns and stats.
Returns, capital growth, stats are calculated assuming a rebalancing of the portfolio at the beginning of each year (i.e. at every January 1st).
| Period | Returns Jan 2020 |
Standard Deviation * |
Max Drawdown |
Months Pos - Neg |
|---|---|---|---|---|
|
1M
|
+0.01%
|
0.00%
|
1 - 0 | |
|
3M
|
+3.12%
|
0.00%
|
3 - 0 | |
|
6M
|
+6.30%
|
0.00%
|
6 - 0 | |
|
YTD
|
+0.01%
|
0.00%
|
1 - 0 | |
|
1Y
|
+13.47%
|
5.23%
|
-2.73%
May 2019 - May 2019
|
11 - 1 |
|
3Y
|
+8.64%
annualized
|
7.37%
|
-8.19%
Sep 2018 - Dec 2018
|
31 - 5 |
|
5Y
|
+6.54%
annualized
|
7.68%
|
-8.19%
Sep 2018 - Dec 2018
|
43 - 17 |
|
10Y
|
+8.87%
annualized
|
8.88%
|
-12.40%
May 2011 - Sep 2011
|
84 - 36 |
|
MAX
01 Jan 2001
|
+7.53%
annualized
|
10.71%
|
-40.88%
Nov 2007 - Feb 2009
|
156 - 73 |
* Annualized St.Dev. of monthly returns
Best High Risk Porftolios, ordered by 10Y annualized return.
| Portfolio | 10Y Return ▾ | #ETF | Stocks | Bonds | Comm. | |
|---|---|---|---|---|---|---|
| Simple Path to Wealth JL Collins |
+11.40% | 2 | 75 | 25 | 0 | |
| Talmud Portfolio Roger Gibson |
+10.25% | 3 | 66.67 | 33.33 | 0 | |
| Stocks/Bonds 60/40 |
+9.90% | 2 | 60 | 40 | 0 | |
| Yale Endowment David Swensen |
+9.79% | 6 | 70 | 30 | 0 | |
| Edge Select Moderately Aggressive Merrill Lynch |
+9.02% | 12 | 69 | 31 | 0 |
Capital Growth
Drawdowns
Rolling Returns
David Swensen Lazy Portfolio: annualized rolling and average returns
| Return (*) | Negative Periods |
|||
|---|---|---|---|---|
| Rolling Period | Average | Best | Worst | |
| 1 Year |
+8.46% |
+48.80% Mar 2009 - Feb 2010 |
-35.77% Mar 2008 - Feb 2009 |
19.27% |
| 2 Years |
+8.27% |
+34.03% Mar 2009 - Feb 2011 |
-19.80% Mar 2007 - Feb 2009 |
12.62% |
| 3 Years |
+8.32% |
+23.62% Mar 2009 - Feb 2012 |
-9.57% Mar 2006 - Feb 2009 |
10.82% |
| 5 Years |
+7.96% |
+17.95% Mar 2009 - Feb 2014 |
-1.29% Mar 2004 - Feb 2009 |
1.18% |
| 7 Years |
+7.59% |
+12.97% Mar 2009 - Feb 2016 |
+2.61% Mar 2002 - Feb 2009 |
0.00% |
| 10 Years |
+7.80% |
+11.76% Mar 2009 - Feb 2019 |
+5.34% Dec 2006 - Nov 2016 |
0.00% |
| 15 Years |
+7.98% |
+9.34% Feb 2003 - Jan 2018 |
+6.84% Feb 2001 - Jan 2016 |
0.00% |
* Annualized rolling and average returns over full calendar month periods
Yearly Returns - Monthly Returns Heatmap
| Months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Return | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2020 |
+0.01% | 0.0 | |||||||||||
| 2019 |
+21.27% | 6.9 | 1.3 | 2.0 | 1.8 | -2.7 | 3.9 | 0.4 | 0.2 | 1.2 | 1.6 | 1.0 | 2.1 |
| 2018 |
-5.67% | 1.7 | -4.0 | 0.3 | 0.1 | 1.3 | 0.6 | 1.6 | 1.3 | -0.7 | -4.8 | 2.2 | -5.0 |
| 2017 |
+13.94% | 1.7 | 2.2 | 0.2 | 1.0 | 0.9 | 0.7 | 1.8 | 0.5 | 0.8 | 1.0 | 1.5 | 1.0 |
| 2016 |
+7.74% | -2.9 | -0.2 | 6.3 | 0.1 | 0.5 | 2.2 | 3.1 | -0.8 | 0.2 | -2.3 | -0.2 | 1.8 |
| 2015 |
-0.95% | 1.3 | 1.6 | -0.3 | 0.1 | -0.2 | -2.2 | 1.4 | -4.8 | -1.0 | 4.7 | -0.3 | -1.0 |
| 2014 |
+9.97% | -0.9 | 3.5 | 0.3 | 1.2 | 2.0 | 1.4 | -0.8 | 2.4 | -3.5 | 3.4 | 1.2 | -0.5 |
| 2013 |
+10.89% | 2.6 | 0.4 | 1.9 | 2.7 | -2.0 | -2.3 | 3.0 | -3.2 | 3.8 | 3.1 | -0.2 | 0.8 |
| 2012 |
+13.49% | 4.8 | 2.0 | 1.5 | 0.4 | -4.7 | 3.4 | 1.1 | 1.2 | 1.2 | -0.6 | 0.7 | 2.1 |
| 2011 |
+2.21% | 1.3 | 2.5 | 0.2 | 3.6 | -0.4 | -1.4 | 0.1 | -4.3 | -7.0 | 8.6 | -1.2 | 0.9 |
| 2010 |
+15.37% | -2.9 | 2.3 | 5.2 | 2.4 | -5.3 | -2.6 | 6.2 | -1.8 | 5.8 | 3.3 | -1.4 | 4.1 |
| 2009 |
+24.86% | -8.5 | -9.0 | 6.7 | 10.3 | 5.5 | -1.0 | 6.8 | 4.4 | 4.5 | -2.3 | 5.0 | 2.2 |
| 2008 |
-25.53% | -2.6 | -0.8 | 1.0 | 3.4 | 0.7 | -5.9 | -0.3 | 0.2 | -5.4 | -16.8 | -6.5 | 6.0 |
| 2007 |
+5.59% | 2.5 | -0.7 | 0.6 | 2.1 | 1.4 | -2.1 | -2.1 | 2.0 | 3.8 | 2.9 | -3.2 | -1.5 |
| 2006 |
+17.84% | 4.2 | 0.1 | 1.8 | 0.6 | -2.8 | 1.1 | 1.5 | 2.4 | 1.2 | 3.4 | 3.0 | 0.3 |
| 2005 |
+8.97% | -2.7 | 2.2 | -1.8 | 0.6 | 2.3 | 1.7 | 3.1 | -0.1 | 1.5 | -2.5 | 3.0 | 1.5 |
| 2004 |
+16.10% | 2.3 | 1.8 | 1.3 | -5.9 | 2.2 | 1.6 | -1.4 | 2.6 | 1.2 | 2.6 | 3.6 | 3.4 |
| 2003 |
+26.85% | -1.9 | 0.2 | 0.0 | 5.1 | 5.2 | 1.5 | 1.4 | 1.9 | 1.7 | 3.6 | 1.8 | 3.8 |
| 2002 |
-3.41% | -0.7 | 0.6 | 3.0 | -0.3 | 0.4 | -1.9 | -4.6 | 1.3 | -4.4 | 1.1 | 3.2 | -0.7 |
| 2001 |
-1.71% | 2.5 | -4.4 | -3.1 | 4.2 | 0.5 | 0.2 | -0.9 | -1.0 | -4.9 | 1.3 | 3.3 | 1.2 |
* 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
VNQ - Vanguard Real Estate: simulated historical serie, up to December 2004
VEU - Vanguard FTSE All-World ex-US: simulated historical serie, up to December 2007
EEM - iShares MSCI Emerging Markets: simulated historical serie, up to December 2003
IEI - iShares 3-7 Year Treasury Bond: simulated historical serie, up to December 2007
TIP - iShares TIPS Bond: simulated historical serie, up to December 2003