Data Source: from August 2009 to December 2021

Last Update: 31 December 2021

The Developed World ex-US 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 6.85% compound annual return, with a 7.67% standard deviation.

Asset Allocation and ETFs

The Developed World ex-US 60/40 Momentum Portfolio has the following asset allocation:

60% Stocks
40% Fixed Income
0% Commodities

The Developed World ex-US 60/40 Momentum Portfolio can be replicated with the following ETFs:

Weight Ticker ETF Name Investment Themes
60.00 % IMTM iShares MSCI Intl Momentum Factor ETF Equity, EAFE, Large Cap
40.00 % BNDX Vanguard Total International Bond Bond, Developed Markets, 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 Developed World ex-US 60/40 Momentum Portfolio guaranteed the following returns.

DEVELOPED WORLD EX-US 60/40 MOMENTUM PORTFOLIO RETURNS (%)
Last Update: 31 December 2021
Swipe left to see all data
1M 3M 6M 1Y 3Y(*) 5Y(*) 10Y(*)
Developed World ex-US 60/40 Momentum Portfolio +2.44 +2.74 +1.75 +3.05 +11.83 +8.51 +6.85
--- Inflation Adjusted return +1.96 +0.52 -1.60 -3.80 +8.01 +5.43 +4.63
Components
IMTM
iShares MSCI Intl Momentum Factor ETF 		+4.49 +4.57 +2.95 +6.60 +17.48 +11.76 +8.47
BNDX
Vanguard Total International Bond 		-0.74 -0.14 -0.17 -2.28 +3.32 +3.03 +3.80
(*) 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%

In 2021, the portfolio granted a 4.73% dividend yield. If you are interested in getting periodic income, please refer to the Developed World ex-US 60/40 Momentum Portfolio: Dividend Yield page.

Readings that may interest you
The Complete Guide to ETF Portfolio Management: The Essential Toolkit for ...
Principles: Life and Work
Vanderbilt: The Rise and Fall of an American Dynasty

Historical Returns

Historical returns and stats of Developed World ex-US 60/40 Momentum Portfolio. Total Returns and Inflation Adjusted Returns are both mentioned.

DEVELOPED WORLD EX-US 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
+2.44%
+1.96%
0.00%
1 - 0
3M
+2.74%
+0.52%
-2.48%
Nov 2021 - Nov 2021
2 - 1
6M
+1.75%
-1.60%
-2.69%
Sep 2021 - Sep 2021
4 - 2
YTD
+3.05%
-3.80%
6.04%
-2.69%
Sep 2021 - Sep 2021
7 - 5
58% pos
1Y
+3.05%
-3.80%
6.04%
-2.69%
Sep 2021 - Sep 2021
7 - 5
58% pos
3Y
+11.83%
annualized
+8.01%
annualized
8.87%
-10.46%
Feb 2020 - Mar 2020
26 - 10
72% pos
5Y
+8.51%
annualized
+5.43%
annualized
8.14%
-10.52%
Feb 2018 - Dec 2018
42 - 18
70% pos
10Y
+6.85%
annualized
+4.63%
annualized
7.67%
-10.52%
Feb 2018 - Dec 2018
80 - 40
67% pos
MAX
01 Aug 2009
+6.72%
annualized
+4.45%
annualized
8.81%
-15.10%
May 2011 - Sep 2011
95 - 54
64% pos
(*)Annualized St.Dev. of monthly returns

Portfolio efficiency

Is the Developed World ex-US 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.
Developed World ex-US 60/40 Momentum
 +8.51% -10.53% 60 40 0
Developed World ex-US 60/40
 +7.53% -14.55% 60 40 0 Compare

Best Classic Portfolios, with High Risk, ordered by 10 Years annualized return.

10 Years Stats
% Allocation
Portfolio Return▾ Drawdown Stocks Bonds Comm.
Simple Path to Wealth
JL Collins		 +13.01% -15.47% 75 25 0 Compare
Stocks/Bonds 60/40
 +11.01% -12.29% 60 40 0 Compare
Talmud Portfolio
Roger Gibson		 +10.45% -15.15% 66.67 33.33 0 Compare
Edge Select Moderately Aggressive
Merrill Lynch		 +10.43% -14.28% 69 31 0 Compare
Jane Bryant Quinn's Portfolio
Jane Bryant Quinn		 +10.43% -15.08% 70 30 0 Compare

See all portfolios

Capital Growth

Time Range:

An investment of 1000$, since January 2012, now would be worth 1939.47$, with a total return of 93.95% (6.85% annualized).

The Inflation Adjusted Capital now would be 1572.83$, with a net total return of 57.28% (4.63% annualized).

Drawdowns

Time Range:

Worst drawdowns since January 2012 - Chart and Data

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-10.52% Feb 2018 Dec 2018 11 Jun 2019 6 17
-10.46% Feb 2020 Mar 2020 2 Jun 2020 3 5
-7.73% May 2015 Sep 2015 5 Jul 2016 10 15
-5.64% May 2013 Jun 2013 2 Sep 2013 3 5
-5.21% Aug 2016 Nov 2016 4 Mar 2017 4 8
-4.84% May 2012 May 2012 1 Jul 2012 2 3
-4.02% Jul 2014 Dec 2014 6 Apr 2015 4 10
-2.69% Sep 2021 Sep 2021 1 Oct 2021 1 2
-2.52% Jan 2014 Jan 2014 1 Feb 2014 1 2
-2.48% Nov 2021 Nov 2021 1 in progress 1 2
-2.13% Oct 2020 Oct 2020 1 Nov 2020 1 2
-1.30% Jan 2021 Feb 2021 2 Apr 2021 2 4
-0.97% Jun 2021 Jun 2021 1 Jul 2021 1 2
-0.80% Mar 2014 Apr 2014 2 May 2014 1 3
-0.39% Nov 2017 Nov 2017 1 Dec 2017 1 2
-0.35% Jul 2019 Jul 2019 1 Aug 2019 1 2

Rolling Returns ( more details)

Developed World ex-US 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
 +6.81% +25.60%
Apr 2020 - Mar 2021 		-8.76%
Jun 2011 - May 2012 		22.46%
2 Years
 +5.98% +16.49%
Jan 2019 - Dec 2020 		-2.47%
Mar 2014 - Feb 2016 		8.73%
3 Years
 +5.86% +11.83%
Jan 2019 - Dec 2021 		-0.22%
Dec 2013 - Nov 2016 		1.75%
5 Years
 +5.44% +8.56%
Feb 2016 - Jan 2021 		+1.39%
Jan 2014 - Dec 2018 		0.00%
7 Years
 +5.30% +6.83%
Oct 2011 - Sep 2018 		+3.05%
Apr 2013 - Mar 2020 		0.00%
10 Years
 +5.89% +7.07%
Oct 2011 - Sep 2021 		+4.40%
Apr 2010 - 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 Developed World ex-US 60/40 Momentum Portfolio: Rolling Returns page.

Seasonality

Developed World ex-US 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 %		 0.77
67% 		0.43
67% 		0.65
67% 		1.73
83% 		-0.85
42% 		0.84
58% 		1.48
75% 		-0.25
54% 		0.42
62% 		0.49
62% 		0.22
54% 		1.05
77%
Best
Year		 4.5
2019 		2.7
2014 		5.4
2010 		4.8
2020 		4.0
2020 		4.6
2019 		6.3
2010 		3.3
2009 		7.0
2010 		5.7
2011 		5.8
2020 		4.3
2010
Worst
Year		 -3.5
2010 		-3.9
2020 		-6.8
2020 		-0.3
2010 		-6.6
2010 		-1.5
2013 		-1.4
2014 		-5.7
2011 		-7.6
2011 		-5.8
2018 		-2.5
2021 		-2.8
2018
Statistics calculated for the period Aug 2009 - Dec 2021

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

Monthly/Yearly Returns

Developed World ex-US 60/40 Momentum Portfolio monthly and yearly returns: how is the distribution of the returns recorded so far?

MONTHLY RETURNS HISTOGRAM
95 Positive Months (64%) - 54 Negative Months (36%)
Aug 2009 - 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
 +3.05 -3.80 -0.9 -0.4 0.3 2.2 1.1 -1.0 1.3 0.5 -2.7 2.8 -2.5 2.4
2020
 +15.15 +13.68 1.4 -3.9 -6.8 4.8 4.0 2.9 3.4 1.7 0.2 -2.1 5.8 3.6
2019
 +17.85 +15.24 4.5 1.7 1.8 1.1 -1.0 4.6 -0.4 0.7 0.1 1.3 0.5 1.8
2018
 -7.45 -9.20 3.4 -2.8 -0.1 0.4 -0.4 -1.0 0.9 -0.2 0.9 -5.8 0.1 -2.8
2017
 +16.24 +13.84 2.8 0.6 1.9 0.9 2.0 0.6 1.8 0.8 2.1 1.6 -0.4 0.5
2016
 +2.13 +0.08 -2.0 -0.4 3.2 1.7 0.8 1.4 1.5 -0.2 -0.3 -2.8 -2.0 1.5
2015
 -0.48 -1.11 0.8 2.2 0.3 1.6 -1.1 0.1 0.1 -4.1 -2.9 3.0 0.0 -0.3
2014
 -2.02 -2.65 -2.5 2.7 -0.6 -0.2 1.7 1.1 -1.4 1.0 -2.2 -0.4 0.3 -1.4
2013
 +12.99 +11.31 2.7 0.4 1.8 4.0 -4.2 -1.5 2.7 -2.2 5.7 1.5 0.6 1.2
2012
 +14.58 +12.59 2.2 2.3 0.7 0.6 -4.8 3.5 1.8 2.1 1.8 0.4 1.7 1.7
2011
 -5.18 -7.99 0.3 2.1 -0.1 4.0 -1.7 -0.6 -0.3 -5.7 -7.6 5.7 -1.5 0.8
2010
 +11.89 +10.31 -3.5 0.7 5.4 -0.3 -6.6 0.0 6.3 -0.9 7.0 2.3 -2.5 4.3
2009
 - - 3.3 3.5 -1.1 2.8 0.2

* Note:
Portofolio Returns, up to January 2015, 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:

  • IMTM - iShares MSCI Intl Momentum Factor ETF: simulated historical serie, up to January 2015
  • BNDX - Vanguard Total International Bond: simulated historical serie, up to December 2013
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