Data Source: from January 1994 to December 2021

Last Update: 31 December 2021

The Stocks/Bonds 60/40 Momentum Portfolio is exposed for 60% on the Stock Market.

It's a High Risk portfolio and it can be replicated with 2 ETFs.

In the last 10 years, the portfolio obtained a 10.35% compound annual return, with a 8.74% standard deviation.

In the last 25 years, a 7.84% compound annual return, with a 9.82% standard deviation.

Asset Allocation and ETFs

The Stocks/Bonds 60/40 Momentum Portfolio has the following asset allocation:

60% Stocks
40% Fixed Income
0% Commodities

The Stocks/Bonds 60/40 Momentum Portfolio can be replicated with the following ETFs:

Weight Ticker ETF Name Investment Themes
60.00 % PDP Invesco DWA Momentum ETF Equity, U.S., Growth
40.00 % BND Vanguard Total Bond Market 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 Stocks/Bonds 60/40 Momentum Portfolio guaranteed the following returns.

STOCKS/BONDS 60/40 MOMENTUM PORTFOLIO RETURNS (%)
Last Update: 31 December 2021
Swipe left to see all data
1M 3M 6M 1Y 3Y(*) 5Y(*) 10Y(*) 20Y(*) 25Y(*)
Stocks/Bonds 60/40 Momentum Portfolio -0.69 +3.43 +3.30 +3.88 +17.04 +12.26 +10.35 +7.37 +7.84
--- Inflation Adjusted return -1.15 +1.20 -0.10 -3.02 +13.05 +9.08 +8.06 +4.94 +5.42
Components
PDP
Invesco DWA Momentum ETF
-0.91 +5.66 +5.47 +7.72 +25.12 +17.83 +15.17 +8.55 +8.94
BND
Vanguard Total Bond Market
-0.31 -0.04 -0.08 -1.86 +4.78 +3.54 +2.75 +4.09 +4.73
(*) 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 0.82% dividend yield. If you are interested in getting periodic income, please refer to the Stocks/Bonds 60/40 Momentum Portfolio: Dividend Yield page.

Historical Returns

Historical returns and stats of Stocks/Bonds 60/40 Momentum Portfolio. Total Returns and Inflation Adjusted Returns are both mentioned.

STOCKS/BONDS 60/40 MOMENTUM 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
-0.69%
-1.15%
-0.69%
Dec 2021 - Dec 2021
0 - 1
3M
+3.43%
+1.20%
-2.08%
Nov 2021 - Dec 2021
1 - 2
6M
+3.30%
-0.10%
-3.54%
Sep 2021 - Sep 2021
3 - 3
YTD
+3.88%
-3.02%
8.28%
-3.54%
Sep 2021 - Sep 2021
6 - 6
50% pos
1Y
+3.88%
-3.02%
8.28%
-3.54%
Sep 2021 - Sep 2021
6 - 6
50% pos
3Y
+17.04%
annualized
+13.05%
annualized
11.15%
-10.76%
Feb 2020 - Mar 2020
24 - 12
67% pos
5Y
+12.26%
annualized
+9.08%
annualized
10.37%
-11.65%
Sep 2018 - Dec 2018
40 - 20
67% pos
10Y
+10.35%
annualized
+8.06%
annualized
8.74%
-11.65%
Sep 2018 - Dec 2018
77 - 43
64% pos
20Y
+7.37%
annualized
+4.94%
annualized
9.60%
-34.55%
Nov 2007 - Feb 2009
152 - 88
63% pos
25Y
+7.84%
annualized
+5.42%
annualized
9.82%
-34.55%
Nov 2007 - Feb 2009
187 - 113
62% pos
MAX
01 Jan 1994
+8.48%
annualized
+5.99%
annualized
9.59%
-34.55%
Nov 2007 - Feb 2009
215 - 121
64% pos
(*)Annualized St.Dev. of monthly returns

Portfolio efficiency

Is the Stocks/Bonds 60/40 Momentum Portfolio actually efficient, compared to other Lazy Portfolios?

Similar portfolios, ordered by 5 Years annualized return.

These portfolios share asset allocation strategy and/or similar asset weights. Comparing their returns and drawdowns, you can get an idea of the risk you are facing implementing one of them.

5 Years Stats
% Allocation
Portfolio Return Drawdown Stocks Bonds Comm.
Stocks/Bonds 60/40 2x Leveraged
+21.71% -18.11% 60 40 0 Compare
Stocks/Bonds 60/40 with Bitcoin
+18.19% -12.83% 59 39 2 Compare
Stocks/Bonds 60/40
+12.32% -12.29% 60 40 0 Compare
Stocks/Bonds 60/40 Momentum
+12.26% -11.66% 60 40 0
Stocks/Bonds 60/40 ESG
+10.68% -10.58% 60 40 0 Compare

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 Compare
Lazy Portfolio
David Swensen
+8.41% -40.88% 70 30 0 Compare

See all portfolios

Our overall ratings, assigned to the Stocks/Bonds 60/40 Momentum 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)
+7.84%
(+5.42%)
Average : 2.9 / 5
Good : 3.5 / 5
Standard Deviation
over 25 Years
9.82%
Good : 3.2 / 5
Good : 3.4 / 5
Maximum Drawdown
over 25 Years
-34.55%
Good : 3.2 / 5
Average : 2.8 / 5
Easy to manage 2 ETFs
Excellent : 4.5 / 5
Excellent : 4.5 / 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$, since January 1997, now would be worth 6592.04$, with a total return of 559.20% (7.84% annualized).

The Inflation Adjusted Capital now would be 3743.13$, with a net total return of 274.31% (5.42% 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
-34.55% Nov 2007 Feb 2009 16 Nov 2010 21 37
-22.10% Sep 2000 Sep 2002 25 Oct 2004 25 50
-11.65% Sep 2018 Dec 2018 4 Apr 2019 4 8
-10.76% Feb 2020 Mar 2020 2 May 2020 2 4
-8.93% Jun 2011 Sep 2011 4 Feb 2012 5 9
-8.82% Jul 1998 Aug 1998 2 Nov 1998 3 5
-7.45% Aug 2015 Jan 2016 6 Jul 2016 6 12
-3.66% Aug 1997 Aug 1997 1 Nov 1997 3 4
-3.54% Sep 2021 Sep 2021 1 Oct 2021 1 2
-3.46% Jan 2000 Feb 2000 2 Mar 2000 1 3
-3.34% Jul 1999 Sep 1999 3 Oct 1999 1 4
-3.28% Apr 2000 May 2000 2 Aug 2000 3 5
-3.25% Jan 2021 Mar 2021 3 Jun 2021 3 6
-3.23% May 2012 May 2012 1 Sep 2012 4 5
-3.09% Mar 1997 Mar 1997 1 Apr 1997 1 2
-2.99% Feb 2018 Apr 2018 3 May 2018 1 4
-2.98% Aug 2016 Oct 2016 3 Feb 2017 4 7
-2.64% Feb 1999 Feb 1999 1 Mar 1999 1 2
-2.64% Jun 2007 Jul 2007 2 Sep 2007 2 4
-2.25% May 2013 Jun 2013 2 Jul 2013 1 3

Rolling Returns ( more details)

Stocks/Bonds 60/40 Momentum Portfolio: annualized rolling and average returns

Swipe left to see all data
Return (*) Negative
Periods
Rolling Period Average Best Worst
1 Year
+9.32% +35.11%
Mar 2009 - Feb 2010
-29.76%
Mar 2008 - Feb 2009
17.23%
2 Years
+8.79% +27.74%
Mar 2009 - Feb 2011
-15.94%
Mar 2007 - Feb 2009
14.70%
3 Years
+8.35% +22.99%
Apr 1995 - Mar 1998
-8.21%
Mar 2006 - Feb 2009
14.62%
5 Years
+7.62% +20.12%
Jan 1995 - Dec 1999
-2.95%
Mar 2004 - Feb 2009
2.89%
7 Years
+7.05% +14.01%
May 1994 - Apr 2001
-0.62%
Mar 2002 - Feb 2009
0.79%
10 Years
+6.91% +11.47%
Mar 2009 - Feb 2019
+0.11%
Mar 1999 - Feb 2009
0.00%
15 Years
+6.52% +8.33%
Aug 2006 - Jul 2021
+4.84%
Feb 2001 - Jan 2016
0.00%
20 Years
+6.92% +8.82%
Dec 1994 - Nov 2014
+5.09%
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 Stocks/Bonds 60/40 Momentum Portfolio: Rolling Returns page.

Seasonality

Stocks/Bonds 60/40 Momentum 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 %
0.64
64%
0.42
61%
0.57
64%
1.62
71%
0.85
61%
0.39
64%
0.90
61%
0.32
61%
-0.14
50%
0.82
68%
1.47
79%
0.77
64%
Best
Year
5.4
2019
4.8
2010
6.2
2000
8.1
2020
5.9
2020
4.2
2019
6.5
2009
4.4
2000
6.6
2010
5.6
2021
7.3
2020
5.1
2008
Worst
Year
-5.5
2009
-5.5
2009
-7.6
2020
-2.8
2002
-4.1
2010
-4.1
2002
-4.2
2002
-8.1
1998
-10.1
2008
-11.9
2008
-3.6
2000
-4.9
2018
Statistics calculated for the period Jan 1994 - Dec 2021

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

Monthly/Yearly Returns

Stocks/Bonds 60/40 Momentum Portfolio monthly and yearly returns: how is the distribution of the returns recorded so far?

MONTHLY RETURNS HISTOGRAM
215 Positive Months (64%) - 121 Negative Months (36%)
Jan 1994 - 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
+3.88 -3.02 -1.8 0.3 -1.8 2.0 -0.6 2.5 1.8 1.7 -3.5 5.6 -1.4 -0.7
2020
+25.05 +23.44 2.3 -3.4 -7.6 8.1 5.9 1.0 5.9 3.2 -1.0 -1.1 7.3 3.2
2019
+23.41 +20.68 5.4 2.9 2.6 2.3 -1.3 4.2 1.5 1.5 -1.5 0.2 2.5 1.0
2018
-3.62 -5.44 3.3 -2.7 0.0 -0.3 3.4 -0.1 0.9 4.3 -0.4 -7.4 0.7 -4.9
2017
+15.40 +13.03 1.3 3.4 0.2 1.0 1.6 0.1 1.6 1.0 0.1 2.7 1.5 -0.2
2016
+2.42 +0.36 -3.9 0.9 3.4 -0.3 1.6 1.7 1.6 -0.5 -0.4 -2.1 0.0 0.5
2015
+0.90 +0.26 0.8 2.7 0.6 -1.5 1.0 -0.7 1.8 -3.7 -1.6 3.9 -0.6 -1.7
2014
+9.65 +8.94 -0.5 3.8 -1.4 -0.2 2.7 1.1 -1.6 3.8 -1.5 1.9 2.1 -0.7
2013
+18.17 +16.41 2.6 1.0 2.7 2.1 -0.5 -1.7 3.4 -1.7 3.9 1.9 2.0 1.3
2012
+12.17 +10.23 3.3 3.4 1.9 1.7 -3.2 0.4 0.7 2.2 0.5 -0.4 1.5 -0.2
2011
+4.09 +0.99 1.8 2.1 1.5 2.7 0.0 -0.8 -0.3 -2.7 -5.4 5.6 0.2 -0.4
2010
+18.42 +16.75 -2.7 4.8 4.1 3.1 -4.1 -3.5 4.9 -2.2 6.6 3.3 1.3 2.1
2009
+18.27 +15.03 -5.5 -5.5 4.2 4.6 1.1 1.5 6.5 2.8 4.7 -3.2 3.9 2.7
2008
-24.98 -24.96 -5.0 0.3 -0.7 3.2 2.4 -3.1 -3.6 -1.2 -10.1 -11.9 -2.4 5.1
2007
+5.85 +1.67 0.9 -0.6 0.7 2.9 1.8 -1.1 -1.6 1.3 2.6 1.2 -1.6 -0.6
2006
+11.22 +8.48 1.4 0.5 0.6 0.7 -1.9 0.2 0.8 2.0 2.0 2.2 1.7 0.6
2005
+3.85 +0.50 -1.1 1.0 -1.3 -0.6 2.3 0.3 1.9 0.0 0.0 -1.7 2.8 0.3
2004
+8.12 +4.62 1.5 1.2 -0.5 -2.2 0.9 1.3 -1.6 0.9 0.7 1.1 2.3 2.2
2003
+18.49 +16.13 -1.5 -0.2 0.1 5.3 4.0 0.6 -0.2 1.5 0.3 3.0 0.8 3.5
2002
-9.65 -11.84 -0.3 -0.7 1.4 -2.8 0.0 -4.1 -4.2 1.1 -4.9 3.8 3.3 -2.1
2001
-3.68 -5.20 3.4 -5.4 -3.0 4.6 0.0 -1.2 0.4 -2.9 -4.1 1.6 3.5 0.0
2000
-1.28 -4.56 -3.1 -0.4 6.2 -2.3 -1.0 2.0 -0.6 4.4 -3.0 0.0 -3.6 0.5
1999
+11.93 +9.01 2.4 -2.6 2.7 2.5 -1.7 3.2 -2.1 -0.4 -0.9 4.1 1.1 3.4
1998
+20.65 +18.74 1.3 4.1 3.1 1.0 -0.9 3.0 -0.8 -8.1 4.5 4.6 3.6 4.2
1997
+23.86 +21.80 3.8 0.6 -3.1 4.4 4.2 3.0 6.1 -3.7 3.6 -1.1 2.6 1.6
1996
+14.93 +11.17 2.4 -0.5 0.8 0.5 1.3 1.0 -2.7 1.1 4.1 2.9 5.3 -1.8
1995
+30.10 +26.89 2.8 3.3 2.0 2.3 4.0 1.5 1.9 0.7 3.0 0.4 3.3 1.5
1994
-0.82 -3.33 2.6 -2.5 -3.4 0.3 1.0 -1.5 2.7 2.4 -2.1 1.7 -2.5 0.8

* 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:

  • PDP - Invesco DWA Momentum ETF: simulated historical serie, up to December 2007
  • BND - Vanguard Total Bond Market: simulated historical serie, up to December 2007
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