Data Source: from January 1993 to December 2021

Last Update: 31 December 2021

The Developed World ex-US 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 6.80% compound annual return, with a 8.57% standard deviation.

In the last 25 years, a 5.91% compound annual return, with a 10.13% standard deviation.

Asset Allocation and ETFs

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

60% Stocks
40% Fixed Income
0% Commodities

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

Weight Ticker ETF Name Investment Themes
60.00 % VEA Vanguard FTSE Developed Markets 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 Portfolio guaranteed the following returns.

DEVELOPED WORLD EX-US 60/40 PORTFOLIO RETURNS (%)
Last Update: 31 December 2021
Swipe left to see all data
1M 3M 6M 1Y 3Y(*) 5Y(*) 10Y(*) 20Y(*) 25Y(*)
Developed World ex-US 60/40 Portfolio +2.41 +1.64 +0.59 +6.09 +10.07 +7.53 +6.80 +6.43 +5.91
--- Inflation Adjusted return +1.93 -0.56 -2.71 -0.97 +6.32 +4.48 +4.59 +4.02 +3.54
Components
VEA
Vanguard FTSE Developed Markets
+4.34 +2.70 +1.04 +11.67 +14.54 +10.12 +8.44 +6.66 +5.54
BNDX
Vanguard Total International Bond
-0.74 -0.14 -0.17 -2.28 +3.32 +3.03 +3.80 +4.96 +5.22
(*) 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 3.50% dividend yield. If you are interested in getting periodic income, please refer to the Developed World ex-US 60/40 Portfolio: Dividend Yield page.

Historical Returns

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

DEVELOPED WORLD EX-US 60/40 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
+2.41%
+1.93%
0.00%
1 - 0
3M
+1.64%
-0.56%
-2.55%
Nov 2021 - Nov 2021
2 - 1
6M
+0.59%
-2.71%
-3.26%
Sep 2021 - Nov 2021
4 - 2
YTD
+6.09%
-0.97%
5.71%
-3.26%
Sep 2021 - Nov 2021
8 - 4
67% pos
1Y
+6.09%
-0.97%
5.71%
-3.26%
Sep 2021 - Nov 2021
8 - 4
67% pos
3Y
+10.07%
annualized
+6.32%
annualized
10.41%
-14.56%
Jan 2020 - Mar 2020
24 - 12
67% pos
5Y
+7.53%
annualized
+4.48%
annualized
9.02%
-14.56%
Jan 2020 - Mar 2020
42 - 18
70% pos
10Y
+6.80%
annualized
+4.59%
annualized
8.57%
-14.56%
Jan 2020 - Mar 2020
79 - 41
66% pos
20Y
+6.43%
annualized
+4.02%
annualized
10.15%
-37.49%
Nov 2007 - Feb 2009
150 - 90
63% pos
25Y
+5.91%
annualized
+3.54%
annualized
10.13%
-37.49%
Nov 2007 - Feb 2009
185 - 115
62% pos
MAX
01 Jan 1993
+6.53%
annualized
+4.07%
annualized
9.96%
-37.49%
Nov 2007 - Feb 2009
215 - 133
62% pos
(*)Annualized St.Dev. of monthly returns

Portfolio efficiency

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

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 Developed World ex-US 60/40 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)
+5.91%
(+3.54%)
Poor : 1 / 5
Average : 2.2 / 5
Standard Deviation
over 25 Years
10.13%
Average : 2.9 / 5
Good : 3.3 / 5
Maximum Drawdown
over 25 Years
-37.49%
Bad : 2 / 5
Average : 2.6 / 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$, since January 1997, now would be worth 4205.45$, with a total return of 320.55% (5.91% annualized).

The Inflation Adjusted Capital now would be 2387.96$, with a net total return of 138.80% (3.54% 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
-37.49% Nov 2007 Feb 2009 16 Apr 2011 26 42
-22.54% Apr 2000 Sep 2002 30 Dec 2003 15 45
-14.56% Jan 2020 Mar 2020 3 Nov 2020 8 11
-13.28% May 2011 Sep 2011 5 Nov 2012 14 19
-10.09% Feb 2018 Dec 2018 11 Sep 2019 9 20
-9.44% May 2015 Feb 2016 10 Feb 2017 12 22
-7.06% Jul 1997 Dec 1997 6 Mar 1998 3 9
-6.93% Jun 1998 Aug 1998 3 Oct 1998 2 5
-5.09% May 2013 Jun 2013 2 Sep 2013 3 5
-4.52% Jan 1997 Apr 1997 4 May 1997 1 5
-4.31% Jul 2014 Dec 2014 6 Feb 2015 2 8
-4.08% Jan 2000 Jan 2000 1 Mar 2000 2 3
-3.26% Sep 2021 Nov 2021 3 in progress 1 4
-3.20% May 1999 May 1999 1 Jul 1999 2 3
-2.55% Jan 2014 Jan 2014 1 Feb 2014 1 2
-2.26% May 2006 Jun 2006 2 Aug 2006 2 4
-2.01% Oct 2005 Oct 2005 1 Dec 2005 2 3
-2.01% Jul 2004 Jul 2004 1 Sep 2004 2 3
-1.97% Apr 2004 Apr 2004 1 Jun 2004 2 3
-1.90% Feb 1999 Feb 1999 1 Mar 1999 1 2

Rolling Returns ( more details)

Developed World ex-US 60/40 Portfolio: annualized rolling and average returns

Swipe left to see all data
Return (*) Negative
Periods
Rolling Period Average Best Worst
1 Year
+6.75% +39.00%
Mar 2009 - Feb 2010
-33.11%
Mar 2008 - Feb 2009
26.11%
2 Years
+6.10% +26.31%
Mar 2009 - Feb 2011
-16.73%
Mar 2007 - Feb 2009
17.23%
3 Years
+5.98% +20.05%
Apr 2003 - Mar 2006
-8.00%
Apr 2000 - Mar 2003
12.14%
5 Years
+5.91% +16.08%
Nov 2002 - Oct 2007
-0.70%
Jun 2007 - May 2012
0.35%
7 Years
+5.83% +10.99%
Jan 1993 - Dec 1999
+1.82%
Apr 1996 - Mar 2003
0.00%
10 Years
+5.91% +9.01%
Dec 1997 - Nov 2007
+2.71%
Mar 1999 - Feb 2009
0.00%
15 Years
+5.88% +8.50%
Jan 1993 - Dec 2007
+3.51%
Mar 1994 - Feb 2009
0.00%
20 Years
+5.84% +6.89%
Feb 1993 - Jan 2013
+4.11%
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 Developed World ex-US 60/40 Portfolio: Rolling Returns page.

Seasonality

Developed World ex-US 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 %
-0.09
52%
0.24
59%
0.82
66%
2.01
79%
0.10
55%
0.15
45%
0.92
66%
-0.14
59%
0.03
62%
0.69
66%
0.44
62%
1.67
72%
Best
Year
6.0
1994
4.4
1998
6.2
1993
7.2
2009
8.2
2009
4.2
2012
7.6
2009
3.9
1993
5.4
2010
7.2
1998
8.3
2020
6.5
2008
Worst
Year
-7.9
2009
-6.0
2009
-9.8
2020
-3.1
2000
-6.6
2012
-5.5
2008
-5.5
2002
-6.8
1998
-8.5
2008
-12.4
2008
-5.9
1993
-2.7
2018
Statistics calculated for the period Jan 1993 - Dec 2021

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

Monthly/Yearly Returns

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

MONTHLY RETURNS HISTOGRAM
215 Positive Months (62%) - 133 Negative Months (38%)
Jan 1993 - 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
+6.09 -0.97 -0.7 0.8 1.7 1.8 2.2 -0.5 0.9 0.7 -2.5 1.9 -2.6 2.4
2020
+7.71 +6.32 -1.0 -4.2 -9.8 4.6 3.2 2.2 1.9 2.6 -0.7 -1.9 8.3 3.5
2019
+16.72 +14.14 4.9 1.5 1.0 1.8 -2.8 4.2 -0.8 -0.3 1.7 1.8 0.6 2.1
2018
-7.73 -9.47 2.6 -3.0 0.2 0.7 -0.9 -0.8 1.4 -1.0 0.3 -5.1 0.5 -2.7
2017
+16.81 +14.41 1.8 1.0 1.9 1.6 2.4 0.2 1.9 0.4 1.5 1.4 0.6 1.2
2016
+3.45 +1.37 -2.8 -1.3 4.4 1.3 0.1 -0.4 2.8 0.3 1.0 -1.9 -1.4 1.6
2015
+0.25 -0.39 1.1 3.6 -0.6 1.9 -0.2 -2.3 1.4 -4.7 -2.1 4.2 -0.4 -1.3
2014
-0.09 -0.74 -2.6 3.7 -0.1 1.2 1.4 0.9 -1.2 0.7 -2.5 0.0 0.4 -1.8
2013
+12.77 +11.09 2.2 -0.4 1.0 3.6 -2.7 -2.5 3.4 -1.2 5.1 2.3 0.5 1.1
2012
+14.95 +12.96 3.9 3.0 0.4 -1.0 -6.6 4.2 0.9 2.3 2.2 0.7 2.0 2.7
2011
-3.94 -6.80 1.4 2.4 -1.5 4.1 -1.3 -0.9 -0.6 -4.8 -6.2 5.5 -1.4 0.0
2010
+8.42 +6.88 -2.5 0.6 3.9 -1.1 -6.4 -0.3 6.5 -0.8 5.4 2.3 -3.3 4.5
2009
+22.61 +19.26 -7.9 -6.0 4.8 7.2 8.2 -0.4 7.6 3.7 3.1 -1.4 2.8 0.4
2008
-25.33 -25.31 -3.4 0.0 -0.3 2.7 0.3 -5.5 -1.6 -2.0 -8.5 -12.4 -3.4 6.5
2007
+8.69 +4.40 0.7 0.6 1.6 2.4 1.1 -0.2 -0.8 -0.3 3.7 3.1 -2.0 -1.3
2006
+16.94 +14.06 3.6 -0.3 2.0 3.0 -2.1 -0.2 1.0 2.1 0.4 2.6 2.3 1.5
2005
+10.15 +6.59 -0.9 2.4 -1.2 -0.7 0.1 1.0 1.8 2.3 2.4 -2.0 1.3 3.5
2004
+14.59 +10.89 1.0 1.9 0.6 -2.0 0.4 1.7 -2.0 0.8 1.7 2.3 4.5 3.0
2003
+24.77 +22.28 -2.1 -0.7 -1.3 5.8 4.3 1.4 0.9 1.4 2.5 3.6 1.5 5.5
2002
-5.65 -7.94 -3.0 0.6 3.0 0.7 1.2 -2.0 -5.5 0.3 -5.5 2.9 2.7 -0.9
2001
-8.83 -10.27 0.8 -4.1 -3.1 4.0 -2.2 -2.4 0.3 -0.9 -5.1 2.7 1.2 0.2
2000
-4.89 -8.05 -4.1 2.2 2.8 -3.1 -1.2 2.7 -2.1 0.6 -2.3 -1.2 -1.5 2.4
1999
+22.89 +19.69 1.4 -1.9 3.1 3.6 -3.2 2.5 2.2 0.9 1.2 2.5 3.3 5.5
1998
+16.75 +14.90 2.8 4.4 1.3 1.2 0.1 -0.2 0.1 -6.8 1.3 7.2 1.9 2.9
1997
-2.77 -4.39 -4.0 0.5 -0.8 -0.3 5.9 3.4 -0.4 -4.0 3.6 -3.5 -2.4 -0.5
1996
+4.67 +1.25 -0.4 0.2 1.2 2.5 -0.8 0.4 -1.0 0.3 1.3 0.0 2.4 -1.3
1995
+10.88 +8.14 -2.1 -2.8 3.7 3.1 0.5 -1.3 4.1 -1.2 1.5 -0.8 3.2 2.7
1994
+2.94 +0.33 6.0 -0.7 -2.5 1.7 -0.6 0.6 0.5 0.8 -1.8 1.9 -3.0 0.4
1993
+24.52 +21.11 0.3 3.0 6.2 6.2 2.6 -1.1 3.3 3.9 -1.8 1.4 -5.9 4.7

* Note:
Portofolio Returns, up to December 2013, 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:

  • VEA - Vanguard FTSE Developed Markets: simulated historical serie, up to December 2007
  • BNDX - Vanguard Total International Bond: simulated historical serie, up to December 2013
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