The Lazy Team Dynamic 60/40 Income Portfolio vs Roger Gibson Talmud Portfolio Portfolio Comparison

Simulation Settings

Period: January 1992 - June 2025 (~34 years)
Consolidated Returns as of 30 June 2025

Initial Amount: 1$

Rebalancing: at every Jan 1^st

Currency: USD

Inflation: US

(Change Settings)

Results

30 Years
(1995/07 - 2025/06)

All Data
(1992/01 - 2025/06)

Inflation Adjusted:

The Lazy Team Dynamic 60/40 Income Portfolio

1.00$
Invested Capital
July 1995
7.89$
Final Capital
June 2025
7.13%
Yearly Return
9.40%
Std Deviation
-41.44%
Max Drawdown
40months
Recovery Period

1.00$
Invested Capital
July 1995
3.75$
Final Capital
June 2025
4.50%
Yearly Return
9.40%
Std Deviation
-43.24%
Max Drawdown
49months
Recovery Period

1.00$
Invested Capital
January 1992
11.06$
Final Capital
June 2025
7.44%
Yearly Return
9.05%
Std Deviation
-41.44%
Max Drawdown
40months
Recovery Period

1.00$
Invested Capital
January 1992
4.77$
Final Capital
June 2025
4.77%
Yearly Return
9.05%
Std Deviation
-43.24%
Max Drawdown
49months
Recovery Period

Roger Gibson Talmud Portfolio

1.00$
Invested Capital
July 1995
11.33$
Final Capital
June 2025
8.43%
Yearly Return
10.93%
Std Deviation
-40.17%
Max Drawdown
41months
Recovery Period

1.00$
Invested Capital
July 1995
5.38$
Final Capital
June 2025
5.77%
Yearly Return
10.93%
Std Deviation
-42.21%
Max Drawdown
49months
Recovery Period

1.00$
Invested Capital
January 1992
15.19$
Final Capital
June 2025
8.46%
Yearly Return
10.56%
Std Deviation
-40.17%
Max Drawdown
41months
Recovery Period

1.00$
Invested Capital
January 1992
6.55$
Final Capital
June 2025
5.77%
Yearly Return
10.56%
Std Deviation
-42.21%
Max Drawdown
49months
Recovery Period

As of June 2025, in the previous 30 Years, the The Lazy Team Dynamic 60/40 Income Portfolio obtained a 7.13% compound annual return, with a 9.40% standard deviation. It suffered a maximum drawdown of -41.44% that required 40 months to be recovered.

As of June 2025, in the previous 30 Years, the Roger Gibson Talmud Portfolio obtained a 8.43% compound annual return, with a 10.93% standard deviation. It suffered a maximum drawdown of -40.17% that required 41 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.

The Lazy Team Dynamic 60/40 Income Portfolio

Weight (%)	Ticker	Name
20.00	PFF	iShares Preferred and Income Securities ETF
20.00	VTI	Vanguard Total Stock Market
20.00	VNQ	Vanguard Real Estate
20.00	SHY	iShares 1-3 Year Treasury Bond
20.00	HYG	iShares iBoxx $ High Yield Corporate Bond

Roger Gibson Talmud Portfolio

Weight (%)	Ticker	Name
33.34	VTI	Vanguard Total Stock Market
33.33	VNQ	Vanguard Real Estate
33.33	BND	Vanguard Total Bond Market

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Portfolio Returns as of Jun 30, 2025

Returns are calculated in USD, assuming:

no fees or capital gain taxes.
rebalancing: at every Jan 1^st.
dividend reinvestment, when applicable.

Return Comparison

Capital Growth

30 Years
(1995/07 - 2025/06)

All Data
(1992/01 - 2025/06)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Dynamic 60/40 Income The Lazy Team	1 $	7.89 $	688.90%	7.13%
Talmud Portfolio Roger Gibson	1 $	11.33 $	1 032.50%	8.43%
	Jul 1995	Jun 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Dynamic 60/40 Income The Lazy Team	1 $	3.75 $	274.94%	4.50%
Talmud Portfolio Roger Gibson	1 $	5.38 $	438.24%	5.77%
	Jul 1995	Jun 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Dynamic 60/40 Income The Lazy Team	1 $	11.06 $	1 005.84%	7.44%
Talmud Portfolio Roger Gibson	1 $	15.19 $	1 419.19%	8.46%
	Jan 1992	Jun 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Dynamic 60/40 Income The Lazy Team	1 $	4.77 $	376.60%	4.77%
Talmud Portfolio Roger Gibson	1 $	6.55 $	554.74%	5.77%
	Jan 1992	Jun 2025

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		Return (%) as of Jun 30, 2025
		YTD (6M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~34Y)
	Dynamic 60/40 Income The Lazy Team	3.13	2.06	3.13	9.15	6.61	5.77	7.13	7.44
	Talmud Portfolio Roger Gibson	3.87	2.44	3.87	10.65	7.42	7.10	8.43	8.46
Returns over 1 year are annualized.

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Portfolio Metrics as of Jun 30, 2025

The following metrics, updated as of 30 June 2025, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON

Period: 1 July 2024 - 30 June 2025 (1 year)

Period: 1 July 2020 - 30 June 2025 (5 years)

Period: 1 July 2015 - 30 June 2025 (10 years)

Period: 1 July 1995 - 30 June 2025 (30 years)

Period: 1 January 1992 - 30 June 2025 (~34 years)

1 Year

5 Years

10 Years

30 Years

All (1992/01 - 2025/06)

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	Dynamic 60/40 Income	Talmud Portfolio
Author	The Lazy Team	Roger Gibson
ASSET ALLOCATION
Stocks	60%	66.67%
Fixed Income	40%	33.33%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	9.15	10.65
Infl. Adjusted (%)	6.56	8.02
DRAWDOWN
Deepest Drawdown Depth (%)	-3.96	-5.09
Start to Recovery (months)	7*	7*
Longest Drawdown Depth (%)	-3.96	-5.09
Start to Recovery (months)	7*	7*
Longest Negative Period (months)	8	8
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%)	7.00	9.21
Sharpe Ratio	0.64	0.65
Sortino Ratio	0.80	0.82
Ulcer Index	1.90	2.59
Ratio: Return / Standard Deviation	1.31	1.16
Ratio: Return / Deepest Drawdown	2.31	2.09
Metrics calculated over the period 1 July 2024 - 30 June 2025

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	Dynamic 60/40 Income	Talmud Portfolio
Author	The Lazy Team	Roger Gibson
ASSET ALLOCATION
Stocks	60%	66.67%
Fixed Income	40%	33.33%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	6.61	7.42
Infl. Adjusted (%)	2.00	2.77
DRAWDOWN
Deepest Drawdown Depth (%)	-18.21	-22.88
Start to Recovery (months)	31	32
Longest Drawdown Depth (%)	-18.21	-22.88
Start to Recovery (months)	31	32
Longest Negative Period (months)	35	35
RISK INDICATORS
Standard Deviation (%)	10.29	12.95
Sharpe Ratio	0.38	0.37
Sortino Ratio	0.52	0.50
Ulcer Index	7.72	9.90
Ratio: Return / Standard Deviation	0.64	0.57
Ratio: Return / Deepest Drawdown	0.36	0.32
Metrics calculated over the period 1 July 2020 - 30 June 2025

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	Dynamic 60/40 Income	Talmud Portfolio
Author	The Lazy Team	Roger Gibson
ASSET ALLOCATION
Stocks	60%	66.67%
Fixed Income	40%	33.33%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	5.77	7.10
Infl. Adjusted (%)	2.65	3.94
DRAWDOWN
Deepest Drawdown Depth (%)	-18.21	-22.88
Start to Recovery (months)	31	32
Longest Drawdown Depth (%)	-18.21	-22.88
Start to Recovery (months)	31	32
Longest Negative Period (months)	35	35
RISK INDICATORS
Standard Deviation (%)	9.40	11.58
Sharpe Ratio	0.42	0.46
Sortino Ratio	0.56	0.61
Ulcer Index	5.85	7.39
Ratio: Return / Standard Deviation	0.61	0.61
Ratio: Return / Deepest Drawdown	0.32	0.31
Metrics calculated over the period 1 July 2015 - 30 June 2025

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	Dynamic 60/40 Income	Talmud Portfolio
Author	The Lazy Team	Roger Gibson
ASSET ALLOCATION
Stocks	60%	66.67%
Fixed Income	40%	33.33%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	7.13	8.43
Infl. Adjusted (%)	4.50	5.77
DRAWDOWN
Deepest Drawdown Depth (%)	-41.44	-40.17
Start to Recovery (months)	40	41
Longest Drawdown Depth (%)	-41.44	-40.17
Start to Recovery (months)	40	41
Longest Negative Period (months)	87	65
RISK INDICATORS
Standard Deviation (%)	9.40	10.93
Sharpe Ratio	0.52	0.56
Sortino Ratio	0.68	0.73
Ulcer Index	6.69	7.45
Ratio: Return / Standard Deviation	0.76	0.77
Ratio: Return / Deepest Drawdown	0.17	0.21
Metrics calculated over the period 1 July 1995 - 30 June 2025

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	Dynamic 60/40 Income	Talmud Portfolio
Author	The Lazy Team	Roger Gibson
ASSET ALLOCATION
Stocks	60%	66.67%
Fixed Income	40%	33.33%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	7.44	8.46
Infl. Adjusted (%)	4.77	5.77
DRAWDOWN
Deepest Drawdown Depth (%)	-41.44	-40.17
Start to Recovery (months)	40	41
Longest Drawdown Depth (%)	-41.44	-40.17
Start to Recovery (months)	40	41
Longest Negative Period (months)	87	65
RISK INDICATORS
Standard Deviation (%)	9.05	10.56
Sharpe Ratio	0.55	0.57
Sortino Ratio	0.72	0.74
Ulcer Index	6.38	7.13
Ratio: Return / Standard Deviation	0.82	0.80
Ratio: Return / Deepest Drawdown	0.18	0.21
Metrics calculated over the period 1 January 1992 - 30 June 2025

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 July 1995 - 30 June 2025 (30 years)

Period: 1 January 1992 - 30 June 2025 (~34 years)

30 Years
(1995/07 - 2025/06)

Chart Table

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Dynamic 60/40 Income			Talmud Portfolio
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-41.44	40	Jun 2007 Sep 2010
			-40.17	41	Jun 2007 Oct 2010
			-22.88	32	Jan 2022 Aug 2024
-18.21	31	Jan 2022 Jul 2024
			-15.16	7	Feb 2020 Aug 2020
-14.24	10	Feb 2020 Nov 2020
			-10.50	8	Jun 2011 Jan 2012
			-10.43	6	Jul 1998 Dec 1998
-10.41	8	Jun 2011 Jan 2012
			-8.26	14	Apr 2002 May 2003
			-7.57	6	Sep 2018 Feb 2019
-7.02	6	Jul 1998 Dec 1998
-6.80	6	Sep 2018 Feb 2019
			-6.69	5	Apr 2004 Aug 2004
-6.19	13	Apr 2002 Apr 2003

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Dynamic 60/40 Income			Talmud Portfolio
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-41.44	40	Jun 2007 Sep 2010
			-40.17	41	Jun 2007 Oct 2010
			-22.88	32	Jan 2022 Aug 2024
-18.21	31	Jan 2022 Jul 2024
			-15.16	7	Feb 2020 Aug 2020
-14.24	10	Feb 2020 Nov 2020
			-10.50	8	Jun 2011 Jan 2012
			-10.43	6	Jul 1998 Dec 1998
-10.41	8	Jun 2011 Jan 2012
			-8.70	20	Oct 1993 May 1995
			-8.26	14	Apr 2002 May 2003
			-7.57	6	Sep 2018 Feb 2019
-7.02	6	Jul 1998 Dec 1998
-6.80	15	Feb 1994 Apr 1995
-6.80	6	Sep 2018 Feb 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 January 1992 - 30 June 2025 (~34 years)

Rolling Period:

Dynamic 60/40 Income
Talmud Portfolio

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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	Dynamic 60/40 Income		Talmud Portfolio
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2025	3.13	-3.10	3.87	-3.70
2024	9.55	-3.51	10.00	-4.87
2023	12.29	-6.45	14.42	-9.16
2022	-15.89	-18.21	-19.62	-22.88
2021	15.27	-2.58	21.44	-3.93
2020	6.26	-14.24	8.02	-15.16
2019	18.59	-1.55	22.79	-1.65
2018	-3.28	-6.80	-3.78	-7.57
2017	8.11	-0.39	9.90	-0.80
2016	7.39	-2.92	7.99	-4.84
2015	0.49	-4.42	1.11	-5.69
2014	11.87	-2.32	16.24	-3.05
2013	8.15	-3.78	11.22	-4.74
2012	12.84	-3.09	12.41	-3.41
2011	3.16	-10.41	5.83	-10.50
2010	14.75	-5.96	17.33	-7.24
2009	25.31	-19.50	20.87	-18.28
2008	-21.78	-30.14	-22.37	-28.90
2007	-3.54	-7.01	-1.40	-7.11
2006	14.28	-1.89	18.42	-3.01
2005	5.27	-2.10	6.88	-3.47
2004	12.11	-4.29	15.93	-6.69
2003	22.26	0.00	23.46	-1.81
2002	-0.78	-6.19	-2.82	-8.26
2001	5.55	-3.29	3.27	-5.08
2000	5.79	-3.60	9.05	-4.13
1999	4.89	-3.30	6.34	-4.64
1998	5.13	-7.02	5.18	-10.43
1997	16.74	-0.91	19.74	-1.89
1996	16.21	-0.78	19.46	-1.65
1995	20.42	-0.12	22.03	-0.94
1994	-3.20	-6.80	-3.74	-8.67
1993	14.00	-1.75	13.33	-2.90
1992	13.92	-0.48	10.28	-1.73

Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of Jun 30, 2025

Portfolio Metrics as of Jun 30, 2025

Drawdowns

Rolling Returns

Yearly Returns