Data Source: from January 1995 to December 2021
Last Update: 31 December 2021
The High Yield Bonds Income Portfolio is exposed for 0% on the Stock Market.
It's a Low Risk portfolio and it can be replicated with 4 ETFs.
In the last 10 years, the portfolio obtained a 5.34% compound annual return, with a 6.96% standard deviation.
In the last 25 years, a 6.94% compound annual return, with a 8.64% standard deviation.
Asset Allocation and ETFs
The High Yield Bonds Income Portfolio has the following asset allocation:
The High Yield Bonds Income Portfolio can be replicated with the following ETFs:
| Weight | Ticker | ETF Name | Investment Themes | |
|---|---|---|---|---|
| 25.00 % | SPLB | SPDR Portfolio Long Term Corporate Bond ETF | Bond, U.S., Long-Term | |
| 25.00 % | EMB | iShares JP Morgan USD Em Mkts Bd | Bond, Emerging Markets, All-Term | |
| 25.00 % | JNK | SPDR Barclays High Yield Bond ETF | Bond, U.S., Intermediate-Term | |
| 25.00 % | HYG | iShares iBoxx $ High Yield Corporate Bond | Bond, U.S., Intermediate-Term |
Portfolio and ETF Returns
The High Yield Bonds Income Portfolio guaranteed the following returns.
| 1M | 3M | 6M | 1Y | 3Y(*) | 5Y(*) | 10Y(*) | 20Y(*) | 25Y(*) | |
|---|---|---|---|---|---|---|---|---|---|
| High Yield Bonds Income Portfolio | +1.50 | +0.80 | +0.57 | +0.88 | +8.11 | +5.59 | +5.34 | +6.74 | +6.94 |
| --- Inflation Adjusted return | +1.03 | -1.37 | -2.73 | -5.83 | +4.43 | +2.59 | +3.16 | +4.33 | +4.55 |
| Components | |||||||||
|
SPLB SPDR Portfolio Long Term Corporate Bond ETF |
-0.82 | +1.36 | +0.76 | -2.00 | +11.15 | +7.39 | +6.07 | +7.03 | +7.10 |
|
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 |
|
JNK SPDR Barclays High Yield Bond ETF |
+2.36 | +0.70 | +1.19 | +3.99 | +7.83 | +5.25 | +5.21 | +5.70 | +5.42 |
|
HYG iShares iBoxx $ High Yield Corporate Bond |
+2.28 | +0.77 | +1.12 | +3.75 | +7.34 | +5.14 | +5.23 | +5.81 | +5.51 |
- 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 3.76% dividend yield. If you are interested in getting periodic income, please refer to the High Yield Bonds Income Portfolio: Dividend Yield page.
Historical Returns
Historical returns and stats of High Yield Bonds Income 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
|
+1.50%
|
+1.03%
|
0.00%
|
1 - 0
|
|
|
3M
|
+0.80%
|
-1.37%
|
-1.00%
Nov 2021 - Nov 2021
|
2 - 1
|
|
|
6M
|
+0.57%
|
-2.73%
|
-2.06%
Sep 2021 - Nov 2021
|
4 - 2
|
|
|
YTD
|
+0.88%
|
-5.83%
|
3.96%
|
-3.16%
Jan 2021 - Mar 2021
|
7 - 5
58% pos
|
|
1Y
|
+0.88%
|
-5.83%
|
3.96%
|
-3.16%
Jan 2021 - Mar 2021
|
7 - 5
58% pos
|
|
3Y
|
+8.11%
annualized
|
+4.43%
annualized
|
9.52%
|
-11.99%
Feb 2020 - Mar 2020
|
24 - 12
67% pos
|
|
5Y
|
+5.59%
annualized
|
+2.59%
annualized
|
7.77%
|
-11.99%
Feb 2020 - Mar 2020
|
37 - 23
62% pos
|
|
10Y
|
+5.34%
annualized
|
+3.16%
annualized
|
6.96%
|
-11.99%
Feb 2020 - Mar 2020
|
75 - 45
63% pos
|
|
20Y
|
+6.74%
annualized
|
+4.33%
annualized
|
8.98%
|
-23.97%
Nov 2007 - Oct 2008
|
155 - 85
65% pos
|
|
25Y
|
+6.94%
annualized
|
+4.55%
annualized
|
8.64%
|
-23.97%
Nov 2007 - Oct 2008
|
193 - 107
64% pos
|
|
MAX
01 Jan 1995
|
+7.75%
annualized
|
+5.29%
annualized
|
8.46%
|
-23.97%
Nov 2007 - Oct 2008
|
214 - 110
66% pos
|
Portfolio efficiency
Is the High Yield Bonds Income Portfolio actually efficient, compared to other Lazy Portfolios?
Best Classic Portfolios, with Low Risk, ordered by 25 Years annualized return.
25 Years Stats |
% Allocation |
||||||
|---|---|---|---|---|---|---|---|
| Portfolio | Return▾ | Drawdown | Stocks | Bonds | Comm. | ||
| High Yield Bonds Income |
+6.94% | -23.98% | 0 | 100 | 0 | ||
| All Country World 20/80 |
+6.13% | -14.04% | 20 | 80 | 0 | Compare | |
| Stocks/Bonds 20/80 |
+6.06% | -8.42% | 20 | 80 | 0 | Compare | |
| Vanguard LifeStrategy Income Fund Vanguard |
+5.87% | -10.54% | 20 | 80 | 0 | Compare | |
| US Inflation Protection |
+5.79% | -11.79% | 0 | 100 | 0 | Compare | |
Our overall ratings, assigned to the High Yield Bonds Income Portfolio. The portfolio is classified as Low Risk.
Less than 25%
25% - 49.99%
50% - 74.99%
At least 75%
| Low Risk Portfolios |
All Portfolios |
||
|---|---|---|---|
| 25 Years Ann. Return (Inflation Adjusted) |
+6.94%
(+4.55%) |
Excellent : 5 / 5
|
Average : 2.9 / 5
|
| Standard Deviation over 25 Years |
8.64% |
Poor : 1 / 5
|
Good : 3.7 / 5
|
| Maximum Drawdown over 25 Years |
-23.97% |
Poor : 1 / 5
|
Good : 3.6 / 5
|
| Easy to manage | 4 ETFs |
Good : 3.5 / 5
|
Good : 3.5 / 5
|
| Rating assigned considering all the Low Risk Portfolios | Rating assigned considering all the Portfolios in the database |
Capital Growth
An investment of 1000$, since January 1997, now would be worth 5356.49$, with a total return of 435.65% (6.94% annualized).
The Inflation Adjusted Capital now would be 3041.55$, with a net total return of 204.15% (4.55% annualized).
Drawdowns
Worst drawdowns since January 1997 - Chart and Data
Drawdown period |
Recovery period |
Total |
||||
|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months |
| -23.97% | Nov 2007 | Oct 2008 | 12 | Jul 2009 | 9 | 21 |
| -11.99% | Feb 2020 | Mar 2020 | 2 | Jul 2020 | 4 | 6 |
| -8.48% | Aug 1998 | Aug 1998 | 1 | Apr 1999 | 8 | 9 |
| -7.79% | Mar 2015 | Jan 2016 | 11 | Jun 2016 | 5 | 16 |
| -6.71% | May 2013 | Aug 2013 | 4 | Feb 2014 | 6 | 10 |
| -6.70% | May 2002 | Jul 2002 | 3 | Nov 2002 | 4 | 7 |
| -4.56% | Apr 2004 | May 2004 | 2 | Aug 2004 | 3 | 5 |
| -4.53% | Jan 2018 | Dec 2018 | 12 | Feb 2019 | 2 | 14 |
| -4.40% | Aug 2011 | Sep 2011 | 2 | Oct 2011 | 1 | 3 |
| -3.93% | Oct 2016 | Nov 2016 | 2 | Feb 2017 | 3 | 5 |
| -3.91% | Jul 2003 | Jul 2003 | 1 | Sep 2003 | 2 | 3 |
| -3.84% | May 2007 | Jul 2007 | 3 | Oct 2007 | 3 | 6 |
| -3.60% | May 1999 | Aug 1999 | 4 | Nov 1999 | 3 | 7 |
| -3.49% | Sep 2001 | Sep 2001 | 1 | Nov 2001 | 2 | 3 |
| -3.24% | May 2010 | May 2010 | 1 | Jul 2010 | 2 | 3 |
| -3.16% | Jan 2021 | Mar 2021 | 3 | Jun 2021 | 3 | 6 |
| -3.14% | Sep 2000 | Nov 2000 | 3 | Jan 2001 | 2 | 5 |
| -2.69% | Mar 2006 | Jun 2006 | 4 | Aug 2006 | 2 | 6 |
| -2.54% | Mar 1997 | Mar 1997 | 1 | May 1997 | 2 | 3 |
| -2.45% | Nov 2011 | Nov 2011 | 1 | Dec 2011 | 1 | 2 |
Rolling Returns ( more details)
High Yield Bonds Income Portfolio: annualized rolling and average returns
| Return (*) | Negative Periods |
|||
|---|---|---|---|---|
| Rolling Period | Average | Best | Worst | |
| 1 Year |
+7.91% |
+41.19% Dec 2008 - Nov 2009 |
-23.97% Nov 2007 - Oct 2008 |
12.46% |
| 2 Years |
+7.59% |
+27.64% Nov 2008 - Oct 2010 |
-10.66% Dec 2006 - Nov 2008 |
3.65% |
| 3 Years |
+7.39% |
+20.32% Nov 2008 - Oct 2011 |
-4.59% Dec 2005 - Nov 2008 |
2.08% |
| 5 Years |
+7.27% |
+14.58% Nov 2008 - Oct 2013 |
+0.18% Mar 2004 - Feb 2009 |
0.00% |
| 7 Years |
+7.29% |
+11.05% Nov 2008 - Oct 2015 |
+3.02% Apr 2013 - Mar 2020 |
0.00% |
| 10 Years |
+7.37% |
+10.98% Jan 1995 - Dec 2004 |
+4.62% Dec 1998 - Nov 2008 |
0.00% |
| 15 Years |
+7.31% |
+9.07% Apr 1995 - Mar 2010 |
+5.41% Apr 2005 - Mar 2020 |
0.00% |
| 20 Years |
+7.28% |
+8.77% Feb 1995 - Jan 2015 |
+6.50% 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 High Yield Bonds Income Portfolio: Rolling Returns page.
Seasonality
High Yield Bonds Income 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 % |
0.65 67% |
0.36 74% |
-0.08 48% |
1.66 81% |
0.34 48% |
0.55 63% |
1.08 74% |
0.59 70% |
0.24 59% |
0.14 67% |
0.59 56% |
1.73 85% |
| Best Year |
4.7 2019 |
2.6 2014 |
3.5 2016 |
9.7 2009 |
4.6 1995 |
3.8 2012 |
6.1 2009 |
4.2 2002 |
4.9 2009 |
6.5 2011 |
4.5 1998 |
16.0 2008 |
| Worst Year |
-3.8 2009 |
-7.1 2009 |
-11.5 2020 |
-3.4 2004 |
-3.7 2013 |
-3.1 2002 |
-3.9 2003 |
-8.5 1998 |
-7.8 2008 |
-14.8 2008 |
-2.5 2016 |
-1.8 2015 |
For further information about the seasonality, check the Asset Class Seasonality page.
Monthly/Yearly Returns
High Yield Bonds Income 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 |
+0.88 | -5.83 | -1.4 | -1.6 | -0.2 | 1.3 | 0.4 | 1.8 | 0.8 | 0.4 | -1.4 | 0.3 | -1.0 | 1.5 |
| 2020 |
+7.08 | +5.71 | 1.1 | -0.6 | -11.5 | 5.5 | 3.5 | 1.3 | 5.0 | -0.9 | -1.1 | -0.1 | 4.4 | 1.5 |
| 2019 |
+16.98 | +14.40 | 4.7 | 0.6 | 2.1 | 0.8 | -0.3 | 3.5 | 0.5 | 2.3 | -0.4 | 0.2 | 0.3 | 1.7 |
| 2018 |
-4.53 | -6.33 | -0.4 | -2.0 | 0.3 | -0.9 | -0.2 | -0.5 | 1.9 | -0.3 | 0.7 | -2.5 | -0.6 | 0.0 |
| 2017 |
+8.78 | +6.54 | 1.0 | 1.6 | -0.2 | 1.3 | 1.3 | 0.1 | 1.1 | 0.8 | 0.3 | 0.3 | -0.2 | 1.0 |
| 2016 |
+12.01 | +9.76 | -1.0 | 1.6 | 3.5 | 2.8 | 0.1 | 3.1 | 1.8 | 1.4 | 0.2 | -1.5 | -2.5 | 1.9 |
| 2015 |
-3.94 | -4.55 | 2.4 | 0.8 | -0.5 | 0.1 | -0.5 | -2.3 | 0.3 | -1.7 | -1.7 | 2.6 | -1.5 | -1.8 |
| 2014 |
+6.28 | +5.59 | 0.8 | 2.6 | 0.5 | 1.2 | 1.8 | 0.5 | -1.1 | 2.3 | -2.3 | 1.4 | -0.5 | -1.0 |
| 2013 |
-0.40 | -1.88 | -1.1 | 1.0 | 0.0 | 2.9 | -3.7 | -3.1 | 1.5 | -1.5 | 1.2 | 2.7 | -0.5 | 0.4 |
| 2012 |
+12.61 | +10.66 | 1.5 | 1.8 | -1.2 | 1.7 | -1.9 | 3.8 | 2.7 | 0.8 | 0.8 | 1.0 | 0.3 | 0.7 |
| 2011 |
+9.07 | +5.83 | 0.2 | 1.1 | 0.3 | 1.9 | 1.3 | -0.8 | 2.0 | -1.2 | -3.3 | 6.5 | -2.5 | 3.5 |
| 2010 |
+11.52 | +9.94 | -0.4 | 1.1 | 2.2 | 1.8 | -3.2 | 2.0 | 4.1 | 1.4 | 1.9 | 1.3 | -2.3 | 1.3 |
| 2009 |
+23.52 | +20.14 | -3.8 | -7.1 | 3.1 | 9.7 | 4.1 | 2.7 | 6.1 | 0.7 | 4.9 | -0.9 | 1.4 | 1.5 |
| 2008 |
-10.54 | -10.52 | -0.8 | -1.6 | 0.4 | 2.1 | -0.5 | -2.1 | -0.4 | 0.2 | -7.8 | -14.8 | 0.9 | 16.0 |
| 2007 |
+3.36 | -0.72 | -0.1 | 2.0 | -0.1 | 1.2 | -0.1 | -1.9 | -1.9 | 1.4 | 2.4 | 1.1 | -0.7 | 0.2 |
| 2006 |
+7.28 | +4.64 | 0.5 | 1.2 | -1.5 | -0.3 | -0.8 | -0.1 | 1.7 | 2.1 | 1.2 | 1.2 | 1.8 | 0.1 |
| 2005 |
+5.61 | +2.20 | 0.8 | 0.5 | -2.3 | 0.9 | 2.3 | 1.5 | -0.2 | 1.4 | -0.7 | -1.3 | 1.1 | 1.6 |
| 2004 |
+9.55 | +6.01 | 1.2 | 0.4 | 1.3 | -3.4 | -1.2 | 1.3 | 1.6 | 3.1 | 1.3 | 1.7 | 0.0 | 2.0 |
| 2003 |
+18.30 | +15.94 | 1.4 | 2.4 | 1.4 | 4.1 | 2.5 | 0.5 | -3.9 | 1.7 | 3.2 | 0.5 | 1.2 | 2.2 |
| 2002 |
+7.38 | +4.78 | 1.4 | 1.1 | -0.1 | 1.7 | -0.2 | -3.1 | -3.5 | 4.2 | -1.0 | 1.0 | 3.4 | 2.6 |
| 2001 |
+10.89 | +9.14 | 4.1 | 0.5 | -0.5 | -0.3 | 1.2 | -0.5 | 1.8 | 2.2 | -3.5 | 3.1 | 2.2 | 0.2 |
| 2000 |
+6.15 | +2.62 | -0.9 | 1.7 | 0.6 | -0.5 | -1.4 | 3.2 | 1.6 | 2.1 | -0.9 | -1.1 | -1.1 | 2.9 |
| 1999 |
+6.34 | +3.56 | 0.3 | -0.8 | 2.1 | 2.8 | -2.8 | 0.2 | -0.4 | -0.6 | 1.4 | 1.0 | 1.5 | 1.5 |
| 1998 |
+2.17 | +0.56 | 1.3 | 0.9 | 1.2 | 0.4 | -0.1 | -0.2 | 0.6 | -8.5 | 3.3 | -0.5 | 4.5 | -0.2 |
| 1997 |
+13.61 | +11.72 | 1.1 | 1.6 | -2.5 | 2.0 | 2.6 | 2.0 | 3.6 | -0.7 | 2.3 | -2.1 | 1.2 | 2.0 |
| 1996 |
+14.28 | +10.54 | 2.3 | -2.6 | -0.3 | 0.7 | 0.5 | 1.3 | 1.1 | 1.5 | 3.5 | 1.6 | 3.4 | 0.5 |
| 1995 |
+22.64 | +19.61 | 1.4 | 1.4 | -0.2 | 3.4 | 4.6 | 0.8 | 0.5 | 1.3 | 1.7 | 1.1 | 1.6 | 3.0 |
* Note: Portofolio Returns, up to March 2009, 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:
- SPLB - SPDR Portfolio Long Term Corporate Bond ETF: simulated historical serie, up to March 2009
- EMB - iShares JP Morgan USD Em Mkts Bd: simulated historical serie, up to December 2007
- JNK - SPDR Barclays High Yield Bond ETF: simulated historical serie, up to December 2007
- HYG - iShares iBoxx $ High Yield Corporate Bond: simulated historical serie, up to December 2007