As of May 2026, in the previous 30 Years, the Burton Malkiel Late Sixties and Beyond Portfolio obtained a 8.52% compound annual return, with a 11.78% standard deviation. It suffered a maximum drawdown of -41.80% that required 38 months to be recovered.

As of May 2026, in the previous 30 Years, the Merrill Lynch Edge Select Moderately Aggressive Portfolio obtained a 8.25% compound annual return, with a 11.27% standard deviation. It suffered a maximum drawdown of -38.23% that required 38 months to be recovered.

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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.

Table of contents

Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

Burton Malkiel
Burton Malkiel Late Sixties and Beyond Portfolio
Weight
(%)		 Ticker Name
20.00
VTI
Vanguard Total Stock Market
16.00
VIG
Vanguard Dividend Appreciation
15.00
VNQ
Vanguard Real Estate
10.00
EEM
iShares MSCI Emerging Markets
10.00
EFA
iShares MSCI EAFE
10.00
BIL
SPDR Blmbg Barclays 1-3 Mth T-Bill
9.50
EMB
iShares JP Morgan USD Em Mkts Bd
9.50
LQD
iShares Investment Grade Corporate Bond
Merrill Lynch
Merrill Lynch Edge Select Moderately Aggressive Portfolio
Weight
(%)		 Ticker Name
25.00
VUG
Vanguard Growth
17.00
VEU
Vanguard FTSE All-World ex-US
16.00
VTV
Vanguard Value
7.00
EEM
iShares MSCI Emerging Markets
2.00
IJS
iShares S&P Small-Cap 600 Value
2.00
IJT
iShares S&P Small-Cap 600 Growth
9.00
IEI
iShares 3-7 Year Treasury Bond
9.00
LQD
iShares Investment Grade Corporate Bond
7.00
MBB
iShares MBS
3.00
HYG
iShares iBoxx $ High Yield Corporate Bond
2.00
BIL
SPDR Blmbg Barclays 1-3 Mth T-Bill
1.00
BNDX
Vanguard Total International Bond

Portfolio Returns as of May 31, 2026

Return Comparison
Capital Growth
Inflation Adj:
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Return (%) as of May 31, 2026
YTD
(5M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~41Y)
http://www.lazyportfolioetf.com/wp-content/lzp-assets/img/author/avatar_burton_malkiel.webp Late Sixties and Beyond
Burton Malkiel 		8.69 2.59 8.78 20.53 7.17 8.95 8.52 10.04
http://www.lazyportfolioetf.com/wp-content/lzp-assets/img/author/avatar_merrill_lynch.webp Edge Select Moderately Aggressive
Merrill Lynch 		9.47 3.68 10.11 23.90 8.69 10.50 8.25 10.22
Returns over 1 year are annualized.

Portfolio Metrics as of May 31, 2026

The following metrics, updated as of 31 May 2026, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON
1Y
5Y
10Y
30Y
MAX
Period: ()
Swipe left to see all data
Late Sixties and Beyond Edge Select Moderately Aggressive
Author Burton Malkiel Merrill Lynch
ASSET ALLOCATION
Stocks 71% 69%
Fixed Income 29% 31%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 20.53 23.90
Infl. Adjusted (%) 15.69 18.93
DRAWDOWN
Deepest Drawdown Depth (%) -5.08 -4.80
Start to Recovery (months) 2 2
Longest Drawdown Depth (%) -5.08 -4.80
Start to Recovery (months) 2 2
Longest Negative Period (months) 4 5
RISK INDICATORS
Standard Deviation (%) 8.89 9.24
Sharpe Ratio 1.87 2.17
Sortino Ratio 2.37 2.84
Ulcer Index 1.41 1.33
Ratio: Return / Standard Deviation 2.31 2.59
Ratio: Return / Deepest Drawdown 4.04 4.98
Metrics calculated over the period 1 June 2025 - 31 May 2026
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Late Sixties and Beyond Edge Select Moderately Aggressive
Author Burton Malkiel Merrill Lynch
ASSET ALLOCATION
Stocks 71% 69%
Fixed Income 29% 31%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 7.17 8.69
Infl. Adjusted (%) 2.59 4.04
DRAWDOWN
Deepest Drawdown Depth (%) -22.44 -22.31
Start to Recovery (months) 30 26
Longest Drawdown Depth (%) -22.44 -22.31
Start to Recovery (months) 30 26
Longest Negative Period (months) 32 30
RISK INDICATORS
Standard Deviation (%) 12.10 11.93
Sharpe Ratio 0.31 0.44
Sortino Ratio 0.42 0.59
Ulcer Index 8.17 7.72
Ratio: Return / Standard Deviation 0.59 0.73
Ratio: Return / Deepest Drawdown 0.32 0.39
Metrics calculated over the period 1 June 2021 - 31 May 2026
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Late Sixties and Beyond Edge Select Moderately Aggressive
Author Burton Malkiel Merrill Lynch
ASSET ALLOCATION
Stocks 71% 69%
Fixed Income 29% 31%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 8.95 10.50
Infl. Adjusted (%) 5.39 6.89
DRAWDOWN
Deepest Drawdown Depth (%) -22.44 -22.31
Start to Recovery (months) 30 26
Longest Drawdown Depth (%) -22.44 -22.31
Start to Recovery (months) 30 26
Longest Negative Period (months) 34 34
RISK INDICATORS
Standard Deviation (%) 11.41 11.19
Sharpe Ratio 0.59 0.74
Sortino Ratio 0.77 0.98
Ulcer Index 6.30 5.90
Ratio: Return / Standard Deviation 0.78 0.94
Ratio: Return / Deepest Drawdown 0.40 0.47
Metrics calculated over the period 1 June 2016 - 31 May 2026
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Late Sixties and Beyond Edge Select Moderately Aggressive
Author Burton Malkiel Merrill Lynch
ASSET ALLOCATION
Stocks 71% 69%
Fixed Income 29% 31%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 8.52 8.25
Infl. Adjusted (%) 5.81 5.55
DRAWDOWN
Deepest Drawdown Depth (%) -41.80 -38.23
Start to Recovery (months) 38 38
Longest Drawdown Depth (%) -41.80 -25.60
Start to Recovery (months) 38 41
Longest Negative Period (months) 62 110
RISK INDICATORS
Standard Deviation (%) 11.78 11.27
Sharpe Ratio 0.53 0.53
Sortino Ratio 0.69 0.70
Ulcer Index 7.72 8.51
Ratio: Return / Standard Deviation 0.72 0.73
Ratio: Return / Deepest Drawdown 0.20 0.22
Metrics calculated over the period 1 June 1996 - 31 May 2026
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Late Sixties and Beyond Edge Select Moderately Aggressive
Author Burton Malkiel Merrill Lynch
ASSET ALLOCATION
Stocks 71% 69%
Fixed Income 29% 31%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 10.04 10.22
Infl. Adjusted (%) 7.02 7.19
DRAWDOWN
Deepest Drawdown Depth (%) -41.80 -38.23
Start to Recovery (months) 38 38
Longest Drawdown Depth (%) -41.80 -25.60
Start to Recovery (months) 38 41
Longest Negative Period (months) 62 110
RISK INDICATORS
Standard Deviation (%) 11.50 11.20
Sharpe Ratio 0.60 0.63
Sortino Ratio 0.77 0.83
Ulcer Index 6.96 7.58
Ratio: Return / Standard Deviation 0.87 0.91
Ratio: Return / Deepest Drawdown 0.24 0.27
Metrics calculated over the period 1 January 1985 - 31 May 2026
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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
Inflation Adj:

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

Time to Target

What it shows: Months to reach your target capital from each historical entry point, accounting for your initial investment and periodic contributions.

Time to Target Comparison
Time to reach your Target Capital

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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Late Sixties and Beyond Edge Select Moderately Aggressive
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2026
 8.69 -5.08 9.47 -4.80
2025
 15.21 -2.53 17.70 -2.56
2024
 10.33 -3.56 13.17 -3.06
2023
 14.40 -8.53 19.24 -8.08
2022
 -16.23 -22.44 -17.08 -22.31
2021
 15.40 -3.79 12.88 -3.28
2020
 10.03 -16.82 16.02 -14.29
2019
 22.55 -3.12 22.30 -4.24
2018
 -5.90 -8.08 -5.68 -9.25
2017
 16.49 0.00 18.60 0.00
2016
 8.48 -3.07 8.18 -3.80
2015
 -1.63 -7.72 -1.40 -7.75
2014
 9.01 -3.10 6.31 -2.65
2013
 12.49 -4.03 16.88 -2.57
2012
 14.20 -5.09 13.59 -5.96
2011
 1.01 -13.38 -0.71 -13.38
2010
 14.47 -8.21 13.09 -8.24
2009
 25.30 -17.05 26.40 -13.32
2008
 -26.02 -31.57 -25.92 -29.30
2007
 5.18 -5.15 9.49 -3.81
2006
 20.06 -2.71 14.56 -3.15
2005
 9.86 -2.99 8.32 -3.32
2004
 14.78 -7.04 11.86 -3.19
2003
 29.73 -0.86 25.92 -2.76
2002
 -5.70 -12.20 -9.91 -15.72
2001
 5.85 -9.27 -6.23 -15.50
2000
 2.46 -6.12 -5.49 -9.00
1999
 12.48 -4.06 18.91 -2.47
1998
 5.92 -16.48 16.84 -10.89
1997
 15.13 -4.83 16.20 -5.14
1996
 18.95 -2.65 13.20 -3.20
1995
 20.20 -1.35 23.22 -0.43
1994
 -3.17 -7.20 0.12 -6.49
1993
 23.51 -2.85 19.47 -2.68
1992
 4.84 -2.71 3.95 -3.09
1991
 33.86 -3.74 31.55 -3.84
1990
 -5.42 -13.63 -3.49 -13.23
1989
 26.07 -1.94 26.95 -1.61
1988
 16.73 -2.39 16.80 -3.01
1987
 -0.94 -19.08 4.39 -19.36
1986
 18.93 -4.58 23.79 -5.19
1985
 27.52 -2.25 32.17 -2.00
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