Data Source: from January 1987 to September 2021

Last Update: 30 September 2021

The Stocks/Bonds 60/40 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 11.16% compound annual return, with a 8.31% standard deviation.

In the last 25 years, a 8.27% compound annual return, with a 9.39% standard deviation.

In 2020, the portfolio granted a 2.04% dividend yield. If you are interested in getting periodic income, please refer to the Stocks/Bonds 60/40 Portfolio: Dividend Yield page.

Asset Allocation and ETFs

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

60% Stocks
40% Fixed Income
0% Commodities

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

Weight Ticker ETF Name Investment Themes
60.00 % VTI Vanguard Total Stock Market Equity, U.S., Large Cap
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 Portfolio guaranteed the following returns.

STOCKS/BONDS 60/40 PORTFOLIO RETURNS (%)
Last Update: 30 September 2021
Swipe left to see all data
1M 3M 6M 1Y 3Y(*) 5Y(*) 10Y(*) 20Y(*) 25Y(*)
Stocks/Bonds 60/40 Portfolio -3.24 -0.03 +5.76 +18.27 +11.92 +11.35 +11.16 +8.07 +8.27
Components
VTI
Vanguard Total Stock Market
-4.46 -0.03 +8.10 +32.16 +16.05 +16.88 +16.60 +10.07 +9.79
BND
Vanguard Total Bond Market
-1.01 -0.05 +1.88 -1.04 +5.36 +2.88 +2.88 +4.09 +4.86
(*) 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 Stocks/Bonds 60/40 Portfolio: Dividend Yield page.

Historical Returns

Stocks/Bonds 60/40 Portfolio - Historical returns and stats.

STOCKS/BONDS 60/40 PORTFOLIO
Last Update: 30 September 2021
Swipe left to see all data
Period Returns
Sep 2021
Standard
Deviation *
Max
Drawdown
Months
Pos - Neg
1M
-3.24%
-3.24%
Sep 2021 - Sep 2021
0 - 1
3M
-0.03%
-3.24%
Sep 2021 - Sep 2021
2 - 1
6M
+5.76%
-3.24%
Sep 2021 - Sep 2021
5 - 1
YTD
+8.37%
-3.24%
Sep 2021 - Sep 2021
7 - 2
1Y
+18.27%
8.87%
-3.24%
Sep 2021 - Sep 2021
9 - 3
3Y
+11.92%
annualized
11.80%
-12.29%
Feb 2020 - Mar 2020
26 - 10
5Y
+11.35%
annualized
9.56%
-12.29%
Feb 2020 - Mar 2020
45 - 15
10Y
+11.16%
annualized
8.31%
-12.29%
Feb 2020 - Mar 2020
90 - 30
20Y
+8.07%
annualized
8.89%
-30.54%
Nov 2007 - Feb 2009
166 - 74
25Y
+8.27%
annualized
9.39%
-30.54%
Nov 2007 - Feb 2009
200 - 100
MAX
01 Jan 1987
+9.19%
annualized
9.42%
-30.54%
Nov 2007 - Feb 2009
283 - 134
* Annualized St.Dev. of monthly returns

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 with Bitcoin
+18.06% -12.92% 59 39 2 Compare
Stocks/Bonds 60/40
+11.35% -12.29% 60 40 0
Stocks/Bonds 60/40 Momentum
+11.15% -11.66% 60 40 0 Compare
Stocks/Bonds 60/40 ESG
+9.61% -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.
Yale Endowment
David Swensen
+8.94% -39.46% 70 30 0 Compare
Simple Path to Wealth
JL Collins
+8.92% -38.54% 75 25 0 Compare
Talmud Portfolio
Roger Gibson
+8.85% -40.18% 66.67 33.33 0 Compare
Late Sixties and Beyond
Burton Malkiel
+8.64% -41.80% 71 29 0 Compare
Lazy Portfolio
David Swensen
+8.43% -40.88% 70 30 0 Compare

See all portfolios

Capital Growth

Time Range:

Drawdowns

Time Range:

Rolling Returns ( more details)

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

Swipe left to see all data
Return (*) Negative
Periods
Rolling Period Average Best Worst
1 Year
+9.45% +35.19%
Mar 2009 - Feb 2010
-25.46%
Mar 2008 - Feb 2009
16.75%
2 Years
+9.18% +25.48%
Mar 2009 - Feb 2011
-13.47%
Mar 2007 - Feb 2009
10.41%
3 Years
+8.99% +22.00%
Apr 1995 - Mar 1998
-6.40%
Mar 2006 - Feb 2009
8.12%
5 Years
+8.87% +19.17%
Jan 1995 - Dec 1999
-1.44%
Mar 2004 - Feb 2009
0.56%
7 Years
+8.71% +15.78%
Oct 1990 - Sep 1997
+0.82%
Mar 2002 - Feb 2009
0.00%
10 Years
+8.54% +14.59%
Oct 1990 - Sep 2000
+1.34%
Mar 1999 - Feb 2009
0.00%
15 Years
+7.86% +11.00%
Jan 1987 - Dec 2001
+5.21%
Sep 2000 - Aug 2015
0.00%
20 Years
+7.86% +10.43%
Dec 1987 - Nov 2007
+5.43%
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 Portfolio: Rolling Returns page.

Seasonality and Yearly/Monthly Returns

Stocks/Bonds 60/40 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 %
0.93
63%
0.56
66%
0.55
69%
1.33
77%
0.91
71%
0.54
66%
1.09
63%
0.23
63%
0.10
57%
0.29
62%
1.24
74%
1.52
85%
Best
Year
8.2
1987
4.5
1991
5.1
2009
8.3
2020
6.4
1990
4.8
2019
5.9
1997
4.8
2000
5.4
2010
6.4
2011
7.5
2020
7.7
1991
Worst
Year
-5.7
2009
-6.4
2009
-8.6
2020
-3.3
2000
-4.4
2010
-4.8
2008
-4.5
2002
-9.0
1998
-5.5
2008
-13.9
1987
-5.0
2000
-4.9
2018
Statistics calculated for the period Jan 1987 - Sep 2021

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

Monthly Returns of Stocks/Bonds 60/40 Portfolio

Swipe left to see all data
Months
Year Return Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021
+8.37% -0.6 1.3 1.7 3.5 0.4 1.9 1.5 1.8 -3.2
2020
+15.70% 0.8 -4.1 -8.6 8.3 3.3 1.6 3.9 3.8 -2.2 -1.4 7.5 2.9
2019
+21.94% 5.6 2.2 1.6 2.4 -3.4 4.8 0.9 -0.3 0.9 1.4 2.4 1.8
2018
-3.17% 2.6 -2.7 -0.9 -0.1 1.9 0.4 2.0 2.4 -0.1 -5.0 1.5 -4.9
2017
+14.15% 1.2 2.5 0.0 1.0 0.9 0.6 1.3 0.4 1.3 1.3 1.9 0.9
2016
+8.71% -3.0 0.4 4.5 0.6 1.0 1.0 2.6 0.0 0.2 -1.7 1.7 1.4
2015
+0.44% -0.7 2.8 -0.5 0.2 0.6 -1.5 1.4 -3.8 -1.4 4.6 0.2 -1.4
2014
+9.85% -1.3 3.1 0.2 0.4 1.7 1.6 -1.3 3.0 -1.5 2.0 1.8 0.0
2013
+19.23% 3.0 1.0 2.5 1.4 0.8 -1.5 3.8 -2.3 2.9 3.1 1.7 1.6
2012
+11.13% 3.3 2.6 1.7 0.0 -3.5 2.5 1.0 1.7 1.6 -1.2 0.6 0.5
2011
+3.75% 1.3 2.4 0.2 2.3 -0.2 -1.2 -0.7 -3.0 -4.1 6.4 -0.2 1.1
2010
+12.93% -1.6 2.2 3.7 1.8 -4.4 -2.9 4.4 -2.1 5.4 2.5 0.0 3.8
2009
+18.79% -5.7 -6.4 5.1 6.5 3.6 0.5 5.2 2.7 3.0 -1.6 4.1 1.3
2008
-19.44% -3.2 -1.4 -0.3 2.7 0.8 -4.8 -0.4 1.2 -5.5 -10.9 -2.1 3.5
2007
+5.99% 1.1 -0.4 0.7 2.6 2.0 -1.2 -1.9 1.4 2.6 1.5 -2.0 -0.3
2006
+11.12% 1.9 0.3 0.9 0.5 -2.0 0.1 0.5 2.0 1.7 2.4 1.9 0.6
2005
+4.74% -1.2 1.0 -1.3 -0.8 2.7 0.7 2.2 -0.1 0.0 -1.7 3.0 0.4
2004
+9.37% 1.9 1.3 -0.3 -2.4 0.7 1.5 -1.8 0.8 1.1 1.4 2.5 2.5
2003
+20.04% -1.6 -0.4 0.4 5.4 4.3 1.0 0.2 1.7 0.3 3.4 1.1 2.9
2002
-8.98% -0.3 -0.7 1.6 -2.0 -0.5 -3.9 -4.5 1.2 -4.7 3.5 3.2 -1.8
2001
-3.21% 3.0 -5.3 -3.7 4.4 0.9 -0.7 0.0 -2.9 -4.5 2.2 3.4 0.7
2000
-1.79% -2.6 2.0 3.9 -3.3 -2.1 3.5 -0.8 4.8 -2.5 -1.0 -5.0 1.8
1999
+13.98% 2.5 -3.0 2.6 3.0 -1.6 3.0 -2.2 -0.6 -1.0 4.0 2.2 4.6
1998
+17.39% 0.8 4.4 3.2 0.9 -1.3 2.5 -1.3 -9.0 4.7 4.2 3.9 4.1
1997
+22.37% 3.4 0.0 -3.1 3.3 4.7 3.2 5.9 -2.7 4.2 -1.7 2.2 1.5
1996
+14.01% 1.9 0.3 0.4 1.3 1.6 -0.1 -3.3 1.8 4.0 1.7 4.9 -1.1
1995
+28.74% 2.1 3.3 1.9 2.0 3.7 2.1 2.4 1.1 2.6 -0.2 3.2 1.5
1994
-1.16% 2.4 -2.1 -3.6 0.2 0.6 -1.7 2.6 2.7 -1.7 0.9 -2.3 1.1
1993
+10.25% 1.3 1.1 1.6 -1.4 1.9 1.1 0.1 3.0 0.2 1.1 -1.4 1.3
1992
+8.32% -0.6 1.0 -1.7 1.1 1.1 -0.6 3.1 -0.8 1.2 0.2 2.5 1.7
1991
+25.53% 3.4 4.5 2.1 0.6 2.7 -2.9 3.5 2.4 0.0 1.4 -2.1 7.7
1990
-0.19% -5.0 1.3 1.5 -2.1 6.4 0.3 -0.2 -5.8 -2.7 0.0 4.5 2.3
1989
+22.33% 4.3 -1.4 1.4 3.7 3.4 1.0 5.5 0.8 0.0 -0.9 1.3 1.4
1988
+13.33% 3.9 3.6 -1.3 0.5 -0.4 4.1 -0.6 -1.7 3.1 1.6 -1.3 1.4
1987
+2.18% 8.2 3.2 1.2 -2.1 0.2 3.2 3.0 2.3 -2.1 -13.9 -4.1 5.0

* 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
  • BND - Vanguard Total Bond Market: simulated historical serie, up to December 2007
Share this page