Ray Dalio All Weather Portfolio vs The Lazy Team Simplified Permanent Portfolio 2x Leveraged Portfolio Comparison

Simulation Settings

Period: March 2010 - January 2026 (~16 years)
Consolidated Returns as of 31 January 2026

Initial Amount: 1$

Rebalancing: at every Jan 1^st

Currency: USD

Inflation: US

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Results

All Data
(2010/03 - 2026/01)

Inflation Adjusted:

Ray Dalio All Weather Portfolio

1.00$
Invested Capital
March 2010
2.89$
Final Capital
January 2026
6.90%
Yearly Return
7.45%
Std Deviation
-20.58%
Max Drawdown
42months
Recovery Period

1.00$
Invested Capital
March 2010
1.92$
Final Capital
January 2026
4.20%
Yearly Return
7.45%
Std Deviation
-27.85%
Max Drawdown
53months*
Recovery Period
* in progress

The Lazy Team Simplified Permanent Portfolio 2x Leveraged

1.00$
Invested Capital
March 2010
5.94$
Final Capital
January 2026
11.85%
Yearly Return
13.64%
Std Deviation
-31.96%
Max Drawdown
32months
Recovery Period

1.00$
Invested Capital
March 2010
3.95$
Final Capital
January 2026
9.02%
Yearly Return
13.64%
Std Deviation
-36.13%
Max Drawdown
58months
Recovery Period

As of January 2026, over the analyzed timeframe, the Ray Dalio All Weather Portfolio obtained a 6.90% compound annual return, with a 7.45% standard deviation. It suffered a maximum drawdown of -20.58% that required 42 months to be recovered.

As of January 2026, over the analyzed timeframe, the The Lazy Team Simplified Permanent Portfolio 2x Leveraged obtained a 11.85% compound annual return, with a 13.64% standard deviation. It suffered a maximum drawdown of -31.96% that required 32 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.

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Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

Ray Dalio All Weather Portfolio

Weight (%)	Ticker	Name
30.00	VTI	Vanguard Total Stock Market
40.00	TLT	iShares 20+ Year Treasury Bond
15.00	IEI	iShares 3-7 Year Treasury Bond
7.50	DBC	Invesco DB Commodity Tracking
7.50	GLD	SPDR Gold Trust

The Lazy Team Simplified Permanent Portfolio 2x Leveraged

Weight (%)	Ticker	Name
25.00	SSO	ProShares Ultra S&P 500
50.00	UST	ProShares Ultra 7-10 Year Treasury
25.00	UGL	ProShares Ultra Gold

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Portfolio Returns as of Jan 31, 2026

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

All Data
(2010/03 - 2026/01)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
All Weather Portfolio Ray Dalio	1 $	2.89 $	189.17%	6.90%
Simplified Permanent Portfolio 2x Leveraged The Lazy Team	1 $	5.94 $	494.50%	11.85%
	Mar 2010	Jan 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
All Weather Portfolio Ray Dalio	1 $	1.92 $	92.34%	4.20%
Simplified Permanent Portfolio 2x Leveraged The Lazy Team	1 $	3.95 $	295.42%	9.02%
	Mar 2010	Jan 2026

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		Return (%) as of Jan 31, 2026
		YTD (1M)	1M	6M	1Y	5Y	10Y	MAX (~16Y)
	All Weather Portfolio Ray Dalio	2.08	2.08	9.12	13.45	3.95	6.42	6.90
	Simplified Permanent Portfolio 2x Leveraged The Lazy Team	5.88	5.88	32.49	48.34	11.85	12.32	11.85
Returns over 1 year are annualized.

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Portfolio Metrics as of Jan 31, 2026

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

METRIC COMPARISON

Period: 1 February 2025 - 31 January 2026 (1 year)

Period: 1 February 2021 - 31 January 2026 (5 years)

Period: 1 February 2016 - 31 January 2026 (10 years)

Period: 1 March 2010 - 31 January 2026 (~16 years)

1 Year

5 Years

10 Years

All (2010/03 - 2026/01)

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	All Weather Portfolio	Simplified Permanent Portfolio 2x Leveraged
Author	Ray Dalio	The Lazy Team
ASSET ALLOCATION
Stocks	30%	25%
Fixed Income	55%	50%
Commodities	15%	25%
PERFORMANCES
Annualized Return (%)	13.45	48.34
Infl. Adjusted (%)	10.85	44.93
DRAWDOWN
Deepest Drawdown Depth (%)	-1.94	-0.29
Start to Recovery (months)	4	2
Longest Drawdown Depth (%)	-1.94	-0.29
Start to Recovery (months)	4	2
Longest Negative Period (months)	3	1
RISK INDICATORS
Standard Deviation (%)	5.10	8.94
Sharpe Ratio	1.84	4.95
Sortino Ratio	2.61	7.66
Ulcer Index	0.79	0.08
Ratio: Return / Standard Deviation	2.64	5.41
Ratio: Return / Deepest Drawdown	6.92	164.60
Metrics calculated over the period 1 February 2025 - 31 January 2026

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	All Weather Portfolio	Simplified Permanent Portfolio 2x Leveraged
Author	Ray Dalio	The Lazy Team
ASSET ALLOCATION
Stocks	30%	25%
Fixed Income	55%	50%
Commodities	15%	25%
PERFORMANCES
Annualized Return (%)	3.95	11.85
Infl. Adjusted (%)	-0.50	7.07
DRAWDOWN
Deepest Drawdown Depth (%)	-20.58	-31.96
Start to Recovery (months)	42	32
Longest Drawdown Depth (%)	-20.58	-31.96
Start to Recovery (months)	42	32
Longest Negative Period (months)	45	39
RISK INDICATORS
Standard Deviation (%)	10.10	16.85
Sharpe Ratio	0.08	0.52
Sortino Ratio	0.11	0.69
Ulcer Index	9.52	13.96
Ratio: Return / Standard Deviation	0.39	0.70
Ratio: Return / Deepest Drawdown	0.19	0.37
Metrics calculated over the period 1 February 2021 - 31 January 2026

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	All Weather Portfolio	Simplified Permanent Portfolio 2x Leveraged
Author	Ray Dalio	The Lazy Team
ASSET ALLOCATION
Stocks	30%	25%
Fixed Income	55%	50%
Commodities	15%	25%
PERFORMANCES
Annualized Return (%)	6.42	12.32
Infl. Adjusted (%)	3.09	8.80
DRAWDOWN
Deepest Drawdown Depth (%)	-20.58	-31.96
Start to Recovery (months)	42	32
Longest Drawdown Depth (%)	-20.58	-31.96
Start to Recovery (months)	42	32
Longest Negative Period (months)	46	50
RISK INDICATORS
Standard Deviation (%)	8.45	14.53
Sharpe Ratio	0.52	0.71
Sortino Ratio	0.70	0.97
Ulcer Index	6.91	10.49
Ratio: Return / Standard Deviation	0.76	0.85
Ratio: Return / Deepest Drawdown	0.31	0.39
Metrics calculated over the period 1 February 2016 - 31 January 2026

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	All Weather Portfolio	Simplified Permanent Portfolio 2x Leveraged
Author	Ray Dalio	The Lazy Team
ASSET ALLOCATION
Stocks	30%	25%
Fixed Income	55%	50%
Commodities	15%	25%
PERFORMANCES
Annualized Return (%)	6.90	11.85
Infl. Adjusted (%)	4.20	9.02
DRAWDOWN
Deepest Drawdown Depth (%)	-20.58	-31.96
Start to Recovery (months)	42	32
Longest Drawdown Depth (%)	-20.58	-31.96
Start to Recovery (months)	42	32
Longest Negative Period (months)	46	50
RISK INDICATORS
Standard Deviation (%)	7.45	13.64
Sharpe Ratio	0.76	0.78
Sortino Ratio	1.02	1.08
Ulcer Index	5.68	8.79
Ratio: Return / Standard Deviation	0.93	0.87
Ratio: Return / Deepest Drawdown	0.34	0.37
Metrics calculated over the period 1 March 2010 - 31 January 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

Period: 1 February 2016 - 31 January 2026 (10 years)

Period: 1 March 2010 - 31 January 2026 (~16 years)

Chart Table

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All Weather Portfolio			Simplified Permanent Portfolio 2x Leveraged
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-31.96	32	Jan 2022 Aug 2024
-20.58	42	Jan 2022 Jun 2025
			-13.44	13	Aug 2016 Aug 2017
			-12.86	17	Oct 2012 Feb 2014
			-11.33	14	Feb 2015 Mar 2016
			-9.99	14	Feb 2018 Mar 2019
			-8.58	9	Sep 2020 May 2021
			-7.47	5	Sep 2011 Jan 2012
-6.66	17	Feb 2015 Jun 2016
-6.42	13	Aug 2016 Aug 2017
			-5.95	4	Sep 2021 Dec 2021
-5.29	9	May 2013 Jan 2014
			-4.81	5	Sep 2014 Jan 2015
-4.71	7	Sep 2018 Mar 2019
			-4.11	3	Dec 2024 Feb 2025

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 March 2010 - 31 January 2026 (~16 years)

Rolling Period:

All Weather Portfolio
Simplified Permanent Portfolio 2x Leveraged

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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	All Weather Portfolio		Simplified Permanent Portfolio 2x Leveraged
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2026	2.08	0.00	5.88	0.00
2025	13.26	-1.94	46.07	-0.29
2024	6.36	-3.73	19.37	-4.11
2023	9.95	-9.25	15.62	-11.16
2022	-18.39	-20.58	-26.74	-31.96
2021	8.27	-3.74	8.10	-7.85
2020	15.88	-3.68	24.56	-6.86
2019	17.93	-0.83	30.31	-2.13
2018	-3.02	-4.71	-6.20	-9.99
2017	11.55	-0.49	18.32	-2.33
2016	6.50	-6.42	8.57	-13.44
2015	-3.23	-6.66	-4.99	-11.33
2014	12.89	-2.52	13.48	-4.81
2013	1.71	-5.29	-1.57	-11.75
2012	7.02	-1.33	13.11	-4.01
2011	15.64	-2.00	17.58	-7.47

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Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of Jan 31, 2026

Portfolio Metrics as of Jan 31, 2026

Drawdowns

Rolling Returns

Yearly Returns