Last Update: 31 December 2021

The best performing Asset Class in the last 25 years is US Small Cap Blend, that granded a +10.37% annualized return.

The worst is US Cash, with a +1.86% annualized return in the last 25 years.

Asset Classes can be easily replicated by ETFs. Some of them are the main components of the most efficient Lazy Portfolios.

Asset Class Historical Returns

Asset Class Returns, for last 1,3,6 Months and 1,3,5,10,25 years.

Columns are sortable, Asset Classes are pre-ordered by 25 year return.

ASSET CLASSES - HISTORICAL RETURNS (%)
Last Update: 31 December 2021
Cells with red background indicate returns lower than the US Inflation recorded in the same period. Inflation is updated to Dec 2021. Current inflation (annualized) is 1Y: 7.12% , 3Y: 3.53% , 5Y: 2.92% , 10Y: 2.12% , 25Y: 2.29%
ETF 1M 3M 6M 1Y 3Y(*) 5Y(*) 10Y(*) 25Y(*) ▾
US Small Cap Blend (IJR) +4.50 +5.57 +2.49 +26.60 +20.05 +12.37 +14.47 +10.37
US REITs (VNQ) +9.69 +15.03 +15.74 +40.52 +19.96 +11.22 +11.50 +9.94
US Total Stock Market (VTI) +3.79 +9.11 +9.08 +25.67 +25.73 +17.96 +16.29 +9.88
US Large Cap Blend (SPY) +4.63 +11.07 +11.71 +28.74 +25.99 +18.36 +16.45 +9.67
Emerging Market Bonds (EMB) +2.16 +0.40 -0.82 -2.24 +5.98 +4.41 +4.59 +9.09
Long Term Treasuries (TLT) -2.01 +3.18 +3.55 -4.60 +8.75 +6.68 +4.51 +7.00
Latin America (FLLA) +5.32 -4.13 -18.41 -9.34 -2.71 +1.94 -2.18 +6.70
World All Countries (VT) +3.81 +6.30 +4.89 +18.27 +20.48 +14.46 +12.06 +6.55
Europe (VGK) +5.20 +5.08 +3.11 +16.88 +15.69 +10.84 +8.67 +6.50
Gold (GLD) +3.30 +4.10 +3.22 -4.15 +12.13 +9.30 +1.18 +6.30
Preferred Stocks (PFF) +3.32 +3.01 +2.80 +7.13 +10.09 +6.59 +6.85 +6.19
Emerging Markets (EEM) +1.53 -1.57 -10.09 -3.61 +10.06 +9.16 +4.73 +5.94
Investment Grade Bonds (LQD) -0.03 +0.38 -0.08 -1.85 +8.53 +5.66 +4.94 +5.93
TIPS (TIP) +0.40 +2.39 +4.14 +5.67 +8.26 +5.18 +2.93 +5.79
High Yield Bonds (HYG) +2.28 +0.77 +1.12 +3.75 +7.34 +5.14 +5.23 +5.51
EAFE Stocks (EFA) +4.41 +2.84 +1.71 +11.46 +13.53 +9.55 +7.92 +5.22
International Bond Market (BNDX) -0.74 -0.14 -0.17 -2.28 +3.32 +3.03 +3.80 +5.22
US Total Bond Market (BND) -0.31 -0.04 -0.08 -1.86 +4.78 +3.54 +2.75 +4.73
Pacific (VPL) +3.01 -1.90 -2.99 +1.12 +11.71 +8.99 +7.95 +3.51
Commodities (DBC) +6.67 +2.97 +7.95 +41.36 +13.37 +6.19 -2.24 +2.40
US Cash (BIL) 0.00 -0.03 -0.04 -0.10 +0.77 +0.95 +0.45 +1.86
Stocks Bonds Commodities
(*) annualized

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

Asset Class Yearly Returns

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ASSET CLASSES - YEARLY RETURNS (%)
Last Update: 31 December 2021
Cells with red background indicate returns lower than the US Inflation recorded in the same period. Inflation is updated to Dec 2021.
ETF 2021(*) 2020 2019 2018
US Small Cap Blend (IJR) +26.60 +11.28 +22.82 -8.49
US REITs (VNQ) +40.52 -4.68 +28.87 -6.02
US Total Stock Market (VTI) +25.67 +21.03 +30.67 -5.21
US Large Cap Blend (SPY) +28.74 +18.37 +31.22 -4.56
Emerging Market Bonds (EMB) -2.24 +5.42 +15.48 -5.47
Long Term Treasuries (TLT) -4.60 +18.15 +14.12 -1.61
Latin America (FLLA) -9.34 -15.02 +19.53 -6.47
World All Countries (VT) +18.27 +16.61 +26.82 -9.76
Europe (VGK) +16.88 +6.11 +24.86 -14.91
Gold (GLD) -4.15 +24.81 +17.86 -1.94
Preferred Stocks (PFF) +7.13 +7.44 +15.92 -4.63
Emerging Markets (EEM) -3.61 +17.03 +18.20 -15.31
Investment Grade Bonds (LQD) -1.85 +10.97 +17.37 -3.79
TIPS (TIP) +5.67 +10.84 +8.35 -1.42
High Yield Bonds (HYG) +3.75 +4.48 +14.09 -2.03
EAFE Stocks (EFA) +11.46 +7.59 +22.03 -13.81
International Bond Market (BNDX) -2.28 +4.65 +7.87 +2.81
US Total Bond Market (BND) -1.86 +7.71 +8.83 -0.12
Pacific (VPL) +1.12 +16.67 +18.16 -14.40
Commodities (DBC) +41.36 -7.84 +11.84 -11.62
US Cash (BIL) -0.10 +0.40 +2.03 +1.74
Stocks Bonds Commodities
(*)YTD - 31 December 2021

Asset Class Drawdowns

Asset Class Maximum Drawdowns, in last 5,10,25 years.

The following table represents Asset Class total returns and maximum drawdown in the same period. Columns are sortable.

ASSET CLASSES - TOTAL RETURNS vs DRAWDOWNS (%)
Return: Total Return (%) - DD: Maximum Drawdown (%)
Last Update: 31 December 2021
5Y
10Y
25Y
ETF Return DD Return DD Return DD
US Small Cap Blend (IJR) +79.15 -36.12 +286.38 -36.12 +1077.08 -51.79
US REITs (VNQ) +70.19 -25.08 +196.98 -25.08 +969.22 -68.31
US Total Stock Market (VTI) +128.34 -20.84 +352.22 -20.84 +953.65 -50.84
US Large Cap Blend (SPY) +132.29 -19.43 +358.68 -19.43 +904.79 -50.79
Emerging Market Bonds (EMB) +24.07 -16.03 +56.61 -16.03 +779.68 -31.43
Long Term Treasuries (TLT) +38.19 -20.10 +55.41 -20.10 +443.02 -21.79
Latin America (FLLA) +10.06 -46.32 -19.82 -52.53 +405.53 -64.59
World All Countries (VT) +96.48 -22.15 +212.37 -22.15 +389.02 -57.05
Europe (VGK) +67.33 -25.66 +129.64 -25.66 +383.33 -59.77
Gold (GLD) +55.97 -13.73 +12.48 -40.97 +360.46 -42.90
Preferred Stocks (PFF) +37.56 -16.19 +94.05 -16.19 +348.48 -58.42
Emerging Markets (EEM) +55.01 -29.72 +58.74 -30.19 +323.39 -60.44
Investment Grade Bonds (LQD) +31.68 -6.31 +61.95 -6.38 +322.36 -15.11
TIPS (TIP) +28.75 -2.48 +33.54 -9.25 +308.82 -11.79
High Yield Bonds (HYG) +28.51 -11.61 +66.56 -11.61 +282.62 -30.84
EAFE Stocks (EFA) +57.78 -23.02 +114.26 -23.02 +257.07 -57.38
International Bond Market (BNDX) +16.12 -2.91 +45.23 -4.25 +256.47 -10.04
US Total Bond Market (BND) +19.01 -3.88 +31.12 -4.01 +217.52 -4.01
Pacific (VPL) +53.78 -23.42 +114.95 -23.42 +137.13 -53.17
Commodities (DBC) +35.04 -37.77 -20.31 -61.72 +80.93 -74.53
US Cash (BIL) +4.83 -0.14 +4.60 -0.30 +58.71 -0.39
Stocks Bonds Commodities
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