Burton Malkiel Mid-Twenties Portfolio vs US Stocks Portfolio Portfolio Comparison

Simulation Settings
Period: January 1985 - May 2025 (~40 years)
Consolidated Returns as of 31 May 2025
Initial Amount: 1$
Rebalancing: at every Jan 1st
Currency: USD
Inflation: US
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Results
30 Years
(1995/06 - 2025/05)
All Data
(1985/01 - 2025/05)
Inflation Adjusted:
Burton Malkiel Mid-Twenties Portfolio
1.00$
Invested Capital
June 1995
11.56$
Final Capital
May 2025
8.50%
Yearly Return
13.89%
Std Deviation
-49.50%
Max Drawdown
42months
Recovery Period
1.00$
Invested Capital
June 1995
5.48$
Final Capital
May 2025
5.84%
Yearly Return
13.89%
Std Deviation
-50.33%
Max Drawdown
65months
Recovery Period
1.00$
Invested Capital
January 1985
52.92$
Final Capital
May 2025
10.32%
Yearly Return
13.91%
Std Deviation
-49.50%
Max Drawdown
42months
Recovery Period
1.00$
Invested Capital
January 1985
17.41$
Final Capital
May 2025
7.33%
Yearly Return
13.91%
Std Deviation
-50.33%
Max Drawdown
65months
Recovery Period
US Stocks Portfolio
1.00$
Invested Capital
June 1995
18.85$
Final Capital
May 2025
10.28%
Yearly Return
15.64%
Std Deviation
-50.84%
Max Drawdown
53months
Recovery Period
1.00$
Invested Capital
June 1995
8.94$
Final Capital
May 2025
7.57%
Yearly Return
15.64%
Std Deviation
-51.65%
Max Drawdown
63months
Recovery Period
1.00$
Invested Capital
January 1985
75.84$
Final Capital
May 2025
11.30%
Yearly Return
15.43%
Std Deviation
-50.84%
Max Drawdown
53months
Recovery Period
1.00$
Invested Capital
January 1985
24.95$
Final Capital
May 2025
8.28%
Yearly Return
15.43%
Std Deviation
-51.65%
Max Drawdown
63months
Recovery Period

As of May 2025, in the previous 30 Years, the Burton Malkiel Mid-Twenties Portfolio obtained a 8.50% compound annual return, with a 13.89% standard deviation. It suffered a maximum drawdown of -49.50% that required 42 months to be recovered.

As of May 2025, in the previous 30 Years, the US Stocks Portfolio obtained a 10.28% compound annual return, with a 15.64% standard deviation. It suffered a maximum drawdown of -50.84% that required 53 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.

Burton Malkiel Mid-Twenties Portfolio
Weight
(%)		 Ticker Name
35.00
VTI
Vanguard Total Stock Market
17.50
EEM
iShares MSCI Emerging Markets
17.50
EFA
iShares MSCI EAFE
10.00
VNQ
Vanguard Real Estate
7.00
VIG
Vanguard Dividend Appreciation
5.00
BIL
SPDR Blmbg Barclays 1-3 Mth T-Bill
4.00
EMB
iShares JP Morgan USD Em Mkts Bd
4.00
LQD
iShares Investment Grade Corporate Bond
US Stocks Portfolio
Weight
(%)		 Ticker Name
100.00
VTI
Vanguard Total Stock Market
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Portfolio Returns as of May 31, 2025

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • rebalancing: at every Jan 1st.
  • dividend reinvestment, when applicable.
Return Comparison
Capital Growth
30 Years
(1995/06 - 2025/05)
All Data
(1985/01 - 2025/05)
Inflation Adjusted:
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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Burton Malkiel Mid-Twenties
Burton Malkiel 		1 $ 11.56 $ 1 055.63% 8.50%
US Stocks
 1 $ 18.85 $ 1 784.61% 10.28%
Jun 1995 May 2025

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Burton Malkiel Mid-Twenties
Burton Malkiel 		1 $ 5.48 $ 448.15% 5.84%
US Stocks
 1 $ 8.94 $ 793.93% 7.57%
Jun 1995 May 2025

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Burton Malkiel Mid-Twenties
Burton Malkiel 		1 $ 52.92 $ 5 192.22% 10.32%
US Stocks
 1 $ 75.84 $ 7 484.10% 11.30%
Jan 1985 May 2025

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Burton Malkiel Mid-Twenties
Burton Malkiel 		1 $ 17.41 $ 1 641.17% 7.33%
US Stocks
 1 $ 24.95 $ 2 395.22% 8.28%
Jan 1985 May 2025

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Return (%) as of May 31, 2025
YTD
(5M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~40Y)
http://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_burton_malkiel.webp Mid-Twenties
Burton Malkiel 		5.30 4.13 1.94 11.88 10.46 7.75 8.50 10.32
http://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_us_author.webp US Stocks
-- Market Benchmark 		0.38 6.25 -2.68 12.80 15.23 12.15 10.28 11.30
Returns over 1 year are 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 January 1985 - 31 May 2025 (~40 years)
1 Year
5 Years
10 Years
30 Years
All (1985/01 - 2025/05)
Swipe left to see all data
Mid-Twenties US Stocks
Author Burton Malkiel
ASSET ALLOCATION
Stocks 87% 100%
Fixed Income 13% 0%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 11.88 12.80
Infl. Adjusted (%) 9.28 10.18
DRAWDOWN
Deepest Drawdown Depth (%) -3.20 -8.40
Start to Recovery (months) 3 6*
Longest Drawdown Depth (%) -3.20 -8.40
Start to Recovery (months) 3 6*
Longest Negative Period (months) 7 8
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 8.04 12.22
Sharpe Ratio 0.89 0.66
Sortino Ratio 1.13 0.90
Ulcer Index 1.44 3.41
Ratio: Return / Standard Deviation 1.48 1.05
Ratio: Return / Deepest Drawdown 3.72 1.52
Metrics calculated over the period 1 June 2024 - 31 May 2025
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Mid-Twenties US Stocks
Author Burton Malkiel
ASSET ALLOCATION
Stocks 87% 100%
Fixed Income 13% 0%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 10.46 15.23
Infl. Adjusted (%) 5.58 10.14
DRAWDOWN
Deepest Drawdown Depth (%) -24.50 -24.81
Start to Recovery (months) 27 24
Longest Drawdown Depth (%) -24.50 -24.81
Start to Recovery (months) 27 24
Longest Negative Period (months) 34 30
RISK INDICATORS
Standard Deviation (%) 13.67 16.41
Sharpe Ratio 0.57 0.77
Sortino Ratio 0.79 1.04
Ulcer Index 8.55 8.64
Ratio: Return / Standard Deviation 0.76 0.93
Ratio: Return / Deepest Drawdown 0.43 0.61
Metrics calculated over the period 1 June 2020 - 31 May 2025
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Mid-Twenties US Stocks
Author Burton Malkiel
ASSET ALLOCATION
Stocks 87% 100%
Fixed Income 13% 0%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 7.75 12.15
Infl. Adjusted (%) 4.54 8.81
DRAWDOWN
Deepest Drawdown Depth (%) -24.50 -24.81
Start to Recovery (months) 27 24
Longest Drawdown Depth (%) -24.50 -24.81
Start to Recovery (months) 27 24
Longest Negative Period (months) 34 30
RISK INDICATORS
Standard Deviation (%) 13.21 15.86
Sharpe Ratio 0.45 0.65
Sortino Ratio 0.60 0.87
Ulcer Index 7.12 7.03
Ratio: Return / Standard Deviation 0.59 0.77
Ratio: Return / Deepest Drawdown 0.32 0.49
Metrics calculated over the period 1 June 2015 - 31 May 2025
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Mid-Twenties US Stocks
Author Burton Malkiel
ASSET ALLOCATION
Stocks 87% 100%
Fixed Income 13% 0%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 8.50 10.28
Infl. Adjusted (%) 5.84 7.57
DRAWDOWN
Deepest Drawdown Depth (%) -49.50 -50.84
Start to Recovery (months) 42 53
Longest Drawdown Depth (%) -49.50 -43.94
Start to Recovery (months) 42 67
Longest Negative Period (months) 63 139
RISK INDICATORS
Standard Deviation (%) 13.89 15.64
Sharpe Ratio 0.45 0.51
Sortino Ratio 0.58 0.67
Ulcer Index 10.39 14.32
Ratio: Return / Standard Deviation 0.61 0.66
Ratio: Return / Deepest Drawdown 0.17 0.20
Metrics calculated over the period 1 June 1995 - 31 May 2025
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Mid-Twenties US Stocks
Author Burton Malkiel
ASSET ALLOCATION
Stocks 87% 100%
Fixed Income 13% 0%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 10.32 11.30
Infl. Adjusted (%) 7.33 8.28
DRAWDOWN
Deepest Drawdown Depth (%) -49.50 -50.84
Start to Recovery (months) 42 53
Longest Drawdown Depth (%) -49.50 -43.94
Start to Recovery (months) 42 67
Longest Negative Period (months) 63 139
RISK INDICATORS
Standard Deviation (%) 13.91 15.43
Sharpe Ratio 0.51 0.53
Sortino Ratio 0.67 0.69
Ulcer Index 9.44 12.85
Ratio: Return / Standard Deviation 0.74 0.73
Ratio: Return / Deepest Drawdown 0.21 0.22
Metrics calculated over the period 1 January 1985 - 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 January 1985 - 31 May 2025 (~40 years)
30 Years
(1995/06 - 2025/05)

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Mid-Twenties US Stocks
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-50.84 53 Nov 2007
Mar 2012
-49.50 42 Nov 2007
Apr 2011
-43.94 67 Sep 2000
Mar 2006
-24.81 24 Jan 2022
Dec 2023
-24.51 38 Sep 2000
Oct 2003
-24.50 27 Jan 2022
Mar 2024
-20.84 7 Jan 2020
Jul 2020
-19.79 8 Jan 2020
Aug 2020
-18.97 11 May 1998
Mar 1999
-17.88 17 May 2011
Sep 2012
-17.57 5 Jul 1998
Nov 1998
-14.20 7 Oct 2018
Apr 2019
-11.51 15 Feb 2018
Apr 2019
-11.15 15 May 2015
Jul 2016
-8.84 12 Jun 2015
May 2016

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Mid-Twenties US Stocks
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-50.84 53 Nov 2007
Mar 2012
-49.50 42 Nov 2007
Apr 2011
-43.94 67 Sep 2000
Mar 2006
-29.34 21 Sep 1987
May 1989
-24.81 24 Jan 2022
Dec 2023
-24.51 38 Sep 2000
Oct 2003
-24.50 27 Jan 2022
Mar 2024
-23.37 17 Sep 1987
Jan 1989
-20.84 7 Jan 2020
Jul 2020
-19.79 8 Jan 2020
Aug 2020
-18.97 11 May 1998
Mar 1999
-17.89 7 Aug 1990
Feb 1991
-17.88 17 May 2011
Sep 2012
-17.57 5 Jul 1998
Nov 1998
-16.20 9 Jun 1990
Feb 1991

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 January 1985 - 31 May 2025 (~40 years)


Head To Head (Ptf 1 vs Ptf 2):
US 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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Mid-Twenties US Stocks
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 5.30 -2.37 0.38 -8.31
2024
 12.27 -3.43 23.81 -4.34
2023
 17.13 -9.53 26.05 -9.11
2022
 -17.64 -24.50 -19.51 -24.81
2021
 15.90 -3.98 25.67 -4.46
2020
 12.95 -19.79 21.03 -20.84
2019
 24.15 -4.70 30.67 -6.45
2018
 -7.95 -11.51 -5.21 -14.20
2017
 21.11 0.00 21.21 0.00
2016
 8.95 -4.88 12.83 -5.73
2015
 -2.79 -10.12 0.36 -8.84
2014
 6.93 -3.65 12.54 -3.17
2013
 16.66 -3.65 33.45 -3.03
2012
 16.07 -7.38 16.45 -6.82
2011
 -3.11 -17.88 0.97 -17.58
2010
 15.09 -10.53 17.42 -13.26
2009
 32.24 -18.21 28.89 -17.72
2008
 -34.16 -38.26 -36.98 -38.08
2007
 8.80 -6.22 5.37 -5.23
2006
 21.60 -4.18 15.69 -3.22
2005
 12.41 -3.72 6.31 -4.48
2004
 16.58 -5.93 12.79 -3.56
2003
 35.10 -2.72 30.75 -4.27
2002
 -10.76 -18.40 -20.47 -27.18
2001
 -3.19 -17.61 -10.97 -23.65
2000
 -6.29 -10.77 -10.57 -15.87
1999
 24.62 -3.51 23.81 -6.42
1998
 7.96 -18.97 23.26 -17.57
1997
 13.00 -6.45 30.99 -4.56
1996
 17.62 -3.90 20.96 -6.17
1995
 19.21 -1.83 35.79 -1.17
1994
 -3.04 -8.81 -0.17 -7.43
1993
 30.82 -3.51 10.62 -2.77
1992
 1.63 -4.41 9.11 -2.40
1991
 40.42 -4.81 32.39 -4.47
1990
 -7.96 -17.89 -6.08 -16.20
1989
 33.68 -2.83 28.12 -3.05
1988
 20.54 -3.36 17.32 -3.42
1987
 -1.94 -23.37 2.61 -29.34
1986
 22.60 -5.37 14.57 -7.92
1985
 31.86 -2.95 31.27 -4.77
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