All Country World 60/40 To EUR Hedged Portfolio vs Fulvio Marchese In Saecula Saeculorum To EUR Bond Hedged Portfolio Portfolio Comparison

Simulation Settings
Period: August 1974 - May 2025 (~51 years)
Consolidated Returns as of 31 May 2025
Rebalancing: at every Jan 1st
Currency: EUR
Inflation: Eurozone
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Results
30 Years
All (since August 1974)
Inflation Adjusted:
All Country World 60/40 To EUR Hedged Portfolio
1.00€
Initial Capital
June 1995
6.26€
Final Capital
May 2025
6.31%
Yearly Return
9.47%
Std Deviation
-32.45%
Max Drawdown
36months
Recovery Period
1.00€
Initial Capital
June 1995
3.41€
Final Capital
May 2025
4.18%
Yearly Return
9.47%
Std Deviation
-33.84%
Max Drawdown
40months
Recovery Period
1.00€
Initial Capital
August 1974
65.87€
Final Capital
May 2025
8.59%
Yearly Return
9.85%
Std Deviation
-32.45%
Max Drawdown
36months
Recovery Period
1.00€
Initial Capital
August 1974
18.19€
Final Capital
May 2025
5.87%
Yearly Return
9.85%
Std Deviation
-33.84%
Max Drawdown
40months
Recovery Period
Fulvio Marchese In Saecula Saeculorum To EUR Bond Hedged Portfolio
1.00€
Initial Capital
June 1995
9.90€
Final Capital
May 2025
7.94%
Yearly Return
7.80%
Std Deviation
-16.77%
Max Drawdown
57months
Recovery Period
1.00€
Initial Capital
June 1995
5.39€
Final Capital
May 2025
5.78%
Yearly Return
7.80%
Std Deviation
-21.78%
Max Drawdown
114months
Recovery Period
1.00€
Initial Capital
August 1974
85.12€
Final Capital
May 2025
9.14%
Yearly Return
8.99%
Std Deviation
-17.93%
Max Drawdown
18months
Recovery Period
1.00€
Initial Capital
August 1974
23.51€
Final Capital
May 2025
6.41%
Yearly Return
8.99%
Std Deviation
-21.78%
Max Drawdown
114months
Recovery Period
This portfolio is built with ETFs not denominated in EUR. Returns are calculated using exchange rates or, if applicable, interest rate differentials for currency hedging.

As of May 2025, in the previous 30 Years, the All Country World 60/40 To EUR Hedged Portfolio obtained a 6.31% compound annual return, with a 9.47% standard deviation. It suffered a maximum drawdown of -32.45% that required 36 months to be recovered.

As of May 2025, in the previous 30 Years, the Fulvio Marchese In Saecula Saeculorum To EUR Bond Hedged Portfolio obtained a 7.94% compound annual return, with a 7.80% standard deviation. It suffered a maximum drawdown of -16.77% that required 57 months to be recovered.

Disclaimer: The simulations on this website are provided in good faith but should NOT be taken as investment advice. We are not liable for any errors or actions based on this information. The authors of the website are not affiliated with the portfolio creators, who are the sole owners of their intellectual property. The translation of asset allocations into ETFs is based on the interpretation of LazyPortfolioETF.com and may not exactly reflect the original intent of the portfolio creators. Content is for informational, educational, illustrative, and entertainment purposes only.
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Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

All Country World 60/40 To EUR Hedged Portfolio
Weight
(%)		 Ticker Name
60.00
SPP1.DE
SPDR MSCI ACWI EUR Hedged
40.00
EUNA.DE
iShares Core Global Aggregate Bond EUR Hedged
Fulvio Marchese In Saecula Saeculorum To EUR Bond Hedged Portfolio
Weight
(%)		 Ticker Name
45.00
VTI
Vanguard Total Stock Market
20.00
IEF
iShares 7-10 Year Treasury Bond
15.00
LQD
iShares Investment Grade Corporate Bond
10.00
SHY
iShares 1-3 Year Treasury Bond
10.00
GLD
SPDR Gold Trust
• Not denominated in EUR.
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Portfolio Returns as of May 31, 2025

Returns are calculated in EUR, assuming:
  • no fees or capital gain taxes.
  • rebalancing: at every Jan 1st.
  • dividend reinvestment, when applicable.
RETURN COMPARISON
Period: 1 August 1974 - 31 May 2025 (~51 years)
Swipe left to see all data
Return (%) as of May 31, 2025
YTD
(5M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~51Y)
http://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_world.webp All Country World 60/40 • Hedged
-- Market Benchmark 		1.06 3.22 -0.26 8.51 6.58 4.81 6.31 8.59
http://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_fulvio_marchese2.webp In Saecula Saeculorum • Bond Hedged
Fulvio Marchese 		-1.65 1.90 -3.16 8.86 7.03 6.60 7.94 9.14
Return over 1 year are annualized.
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Capital Growth as of May 31, 2025

All Country World 60/40 To EUR Hedged Portfolio: an investment of 1€, since June 1995, now would be worth 6.26€, with a total return of 526.38% (6.31% annualized).

Fulvio Marchese In Saecula Saeculorum To EUR Bond Hedged Portfolio: an investment of 1€, since June 1995, now would be worth 9.90€, with a total return of 889.53% (7.94% annualized).


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All Country World 60/40 To EUR Hedged Portfolio: an investment of 1€, since August 1974, now would be worth 65.87€, with a total return of 6487.15% (8.59% annualized).

Fulvio Marchese In Saecula Saeculorum To EUR Bond Hedged Portfolio: an investment of 1€, since August 1974, now would be worth 85.12€, with a total return of 8412.49% (9.14% annualized).


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Portfolio Metrics as of May 31, 2025

The following metrics, updated as of 31 May 2025, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON
Period: 1 June 2024 - 31 May 2025 (1 year)
Period: 1 June 2020 - 31 May 2025 (5 years)
Period: 1 June 2015 - 31 May 2025 (10 years)
Period: 1 June 1995 - 31 May 2025 (30 years)
Period: 1 August 1974 - 31 May 2025 (~51 years)
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All Country World 60/40 To EUR Hedged In Saecula Saeculorum To EUR Bond Hedged
Author Fulvio Marchese
ASSET ALLOCATION
Stocks 60% 45%
Fixed Income 40% 45%
Commodities 0% 10%
PERFORMANCES
Annualized Return (%) 8.51 8.86
Infl. Adjusted Return (%) 6.43 6.78
DRAWDOWN
Deepest Drawdown Depth (%) -4.35 -5.86
Start to Recovery (months) 4* 3*
Longest Drawdown Depth (%) -4.35 -5.86
Start to Recovery (months) 4* 3*
Longest Negative Period (months) 7 6
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 6.73 7.85
Sharpe Ratio 0.56 0.53
Sortino Ratio 0.77 0.71
Ulcer Index 1.77 2.28
Ratio: Return / Standard Deviation 1.26 1.13
Ratio: Return / Deepest Drawdown 1.96 1.51
Metrics calculated over the period 1 June 2024 - 31 May 2025
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All Country World 60/40 To EUR Hedged In Saecula Saeculorum To EUR Bond Hedged
Author Fulvio Marchese
ASSET ALLOCATION
Stocks 60% 45%
Fixed Income 40% 45%
Commodities 0% 10%
PERFORMANCES
Annualized Return (%) 6.58 7.03
Infl. Adjusted Return (%) 2.38 2.81
DRAWDOWN
Deepest Drawdown Depth (%) -18.26 -12.69
Start to Recovery (months) 27 25
Longest Drawdown Depth (%) -18.26 -12.69
Start to Recovery (months) 27 25
Longest Negative Period (months) 35 28
RISK INDICATORS
Standard Deviation (%) 8.94 8.44
Sharpe Ratio 0.44 0.52
Sortino Ratio 0.58 0.70
Ulcer Index 7.31 5.11
Ratio: Return / Standard Deviation 0.74 0.83
Ratio: Return / Deepest Drawdown 0.36 0.55
Metrics calculated over the period 1 June 2020 - 31 May 2025
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All Country World 60/40 To EUR Hedged In Saecula Saeculorum To EUR Bond Hedged
Author Fulvio Marchese
ASSET ALLOCATION
Stocks 60% 45%
Fixed Income 40% 45%
Commodities 0% 10%
PERFORMANCES
Annualized Return (%) 4.81 6.60
Infl. Adjusted Return (%) 2.25 4.00
DRAWDOWN
Deepest Drawdown Depth (%) -18.26 -12.69
Start to Recovery (months) 27 25
Longest Drawdown Depth (%) -18.26 -12.69
Start to Recovery (months) 27 25
Longest Negative Period (months) 35 28
RISK INDICATORS
Standard Deviation (%) 9.56 8.02
Sharpe Ratio 0.32 0.60
Sortino Ratio 0.40 0.82
Ulcer Index 5.94 3.93
Ratio: Return / Standard Deviation 0.50 0.82
Ratio: Return / Deepest Drawdown 0.26 0.52
Metrics calculated over the period 1 June 2015 - 31 May 2025
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All Country World 60/40 To EUR Hedged In Saecula Saeculorum To EUR Bond Hedged
Author Fulvio Marchese
ASSET ALLOCATION
Stocks 60% 45%
Fixed Income 40% 45%
Commodities 0% 10%
PERFORMANCES
Annualized Return (%) 6.31 7.94
Infl. Adjusted Return (%) 4.18 5.78
DRAWDOWN
Deepest Drawdown Depth (%) -32.45 -16.77
Start to Recovery (months) 36 57
Longest Drawdown Depth (%) -23.45 -16.77
Start to Recovery (months) 40 57
Longest Negative Period (months) 61 56
RISK INDICATORS
Standard Deviation (%) 9.47 7.80
Sharpe Ratio 0.43 0.73
Sortino Ratio 0.55 0.99
Ulcer Index 7.42 4.70
Ratio: Return / Standard Deviation 0.67 1.02
Ratio: Return / Deepest Drawdown 0.19 0.47
Metrics calculated over the period 1 June 1995 - 31 May 2025
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All Country World 60/40 To EUR Hedged In Saecula Saeculorum To EUR Bond Hedged
Author Fulvio Marchese
ASSET ALLOCATION
Stocks 60% 45%
Fixed Income 40% 45%
Commodities 0% 10%
PERFORMANCES
Annualized Return (%) 8.59 9.14
Infl. Adjusted Return (%) 5.87 6.41
DRAWDOWN
Deepest Drawdown Depth (%) -32.45 -17.93
Start to Recovery (months) 36 18
Longest Drawdown Depth (%) -23.45 -16.77
Start to Recovery (months) 40 57
Longest Negative Period (months) 61 56
RISK INDICATORS
Standard Deviation (%) 9.85 8.99
Sharpe Ratio 0.44 0.54
Sortino Ratio 0.59 0.74
Ulcer Index 6.29 4.58
Ratio: Return / Standard Deviation 0.87 1.02
Ratio: Return / Deepest Drawdown 0.26 0.51
Metrics calculated over the period 1 August 1974 - 31 May 2025
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Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

DRAWDOWN COMPARISON
Period: 1 June 1995 - 31 May 2025 (30 years)
Period: 1 August 1974 - 31 May 2025 (~51 years)

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All Country World 60/40 To EUR Hedged In Saecula Saeculorum To EUR Bond Hedged
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-32.45 36 Nov 2007
Oct 2010
-23.45 40 Sep 2000
Dec 2003
-18.26 27 Jan 2022
Mar 2024
-16.77 57 Sep 2000
May 2005
-14.73 9 Mar 2020
Nov 2020
-13.86 25 Nov 2007
Nov 2009
-12.69 25 Jan 2022
Jan 2024
-11.67 11 May 2011
Mar 2012
-10.05 21 Feb 2018
Oct 2019
-9.90 5 Jul 1998
Nov 1998
-9.55 6 Jul 1998
Dec 1998
-8.39 4 Feb 2020
May 2020
-7.78 15 May 2015
Jul 2016
-6.52 15 Apr 2015
Jun 2016
-5.86 3* Mar 2025
In progress

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All Country World 60/40 To EUR Hedged In Saecula Saeculorum To EUR Bond Hedged
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-32.45 36 Nov 2007
Oct 2010
-23.45 40 Sep 2000
Dec 2003
-18.26 27 Jan 2022
Mar 2024
-17.93 18 Aug 1987
Jan 1989
-17.79 24 Sep 1989
Aug 1991
-17.24 13 Sep 1987
Sep 1988
-16.77 57 Sep 2000
May 2005
-15.62 19 Sep 1989
Mar 1991
-14.73 9 Mar 2020
Nov 2020
-13.86 25 Nov 2007
Nov 2009
-12.69 25 Jan 2022
Jan 2024
-11.67 11 May 2011
Mar 2012
-10.88 9 Sep 1978
May 1979
-10.19 3 Aug 1974
Oct 1974
-10.05 21 Feb 2018
Oct 2019

Rolling Returns

By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the Simulation Settings.

You can explore the Rolling Returns for a single portfolio, or check the return differential, by switching on "Head To Head" toggle.

Rolling Returns Comparison
Annualized Rolling Returns Chart
Rolling Returns Chart - Inflation Adjusted
Time Period: 1 August 1974 - 31 May 2025 (~51 years)


Head To Head (Ptf 1 vs Ptf 2):
Eurozone Inflation Adjusted:

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Yearly Returns

For each year, the following table provides the return and intra-year drawdown. The highlighted returns represent the highest values for that specific year.

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All Country World 60/40 To EUR Hedged In Saecula Saeculorum To EUR Bond Hedged
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 1.06 -4.35 -1.65 -5.86
2024
 12.31 -2.06 17.18 -2.47
2023
 12.86 -6.57 13.09 -4.33
2022
 -15.65 -18.26 -12.69 -12.69
2021
 11.74 -2.37 14.82 -1.95
2020
 8.54 -14.73 10.03 -8.39
2019
 15.04 -3.47 20.55 -2.01
2018
 -7.60 -10.05 -1.33 -5.55
2017
 14.02 0.00 3.65 -3.14
2016
 5.62 -3.24 9.47 -1.28
2015
 -1.11 -7.21 5.20 -6.52
2014
 5.09 -2.15 16.58 -0.16
2013
 13.71 -3.03 8.05 -3.08
2012
 12.68 -5.54 9.40 -1.88
2011
 -1.62 -11.67 8.38 -1.64
2010
 10.04 -6.73 19.12 -1.67
2009
 22.16 -11.67 14.05 -4.96
2008
 -22.08 -23.18 -9.02 -10.42
2007
 8.10 -2.07 2.42 -3.13
2006
 12.17 -1.60 3.12 -3.93
2005
 7.41 -1.44 13.44 -1.51
2004
 12.62 -1.57 3.75 -2.18
2003
 23.91 -0.79 7.14 -3.43
2002
 -6.68 -12.63 -7.92 -11.02
2001
 -6.64 -13.54 1.42 -7.57
2000
 -4.83 -7.13 2.89 -7.71
1999
 13.30 -3.58 18.87 -3.96
1998
 16.19 -9.90 10.70 -9.55
1997
 12.94 -4.69 25.02 -4.21
1996
 12.21 -3.18 10.66 -4.27
1995
 16.85 -0.74 22.73 -0.64
1994
 0.16 -5.90 -6.81 -9.19
1993
 25.07 0.00 18.98 -1.47
1992
 6.10 -2.34 15.79 -3.83
1991
 19.90 -3.90 24.71 -2.89
1990
 -10.34 -14.17 -6.20 -11.80
1989
 9.49 -4.43 16.93 -4.33
1988
 17.78 -1.78 15.40 -4.09
1987
 12.37 -17.24 -7.53 -17.93
1986
 27.14 -4.32 4.73 -4.65
1985
 25.67 -1.66 10.31 -6.90
1984
 4.01 -5.89 12.00 -7.99
1983
 14.51 -2.15 21.27 -2.16
1982
 16.43 -5.59 31.67 -1.64
1981
 0.94 -8.25 4.19 -8.24
1980
 17.42 -7.77 22.59 -8.05
1979
 3.23 -6.70 16.94 -5.19
1978
 11.21 -4.99 -0.95 -10.88
1977
 6.60 -2.65 -2.46 -3.01
1976
 16.02 -0.96 18.75 -0.83
1975
 28.68 -8.32 22.85 -1.86
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