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

Simulation Settings

Period: March 2010 - February 2026 (~16 years)
Consolidated Returns as of 28 February 2026

Initial Amount: 1$

Rebalancing: at every Jan 1^st

Currency: USD

Inflation: US

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Results

All Data
(2010/03 - 2026/02)

Inflation Adjusted:

The Lazy Team Simplified Permanent Portfolio

1.00$
Invested Capital
March 2010
3.28$
Final Capital
February 2026
7.70%
Yearly Return
6.98%
Std Deviation
-16.43%
Max Drawdown
27months
Recovery Period

1.00$
Invested Capital
March 2010
2.17$
Final Capital
February 2026
4.97%
Yearly Return
6.98%
Std Deviation
-23.36%
Max Drawdown
53months
Recovery Period

Ray Dalio All Weather Portfolio 2x Leveraged

1.00$
Invested Capital
March 2010
6.37$
Final Capital
February 2026
12.27%
Yearly Return
15.89%
Std Deviation
-37.02%
Max Drawdown
46months
Recovery Period

1.00$
Invested Capital
March 2010
4.23$
Final Capital
February 2026
9.43%
Yearly Return
15.89%
Std Deviation
-42.49%
Max Drawdown
50months*
Recovery Period
* in progress

As of February 2026, over the analyzed timeframe, the The Lazy Team Simplified Permanent Portfolio obtained a 7.70% compound annual return, with a 6.98% standard deviation. It suffered a maximum drawdown of -16.43% that required 27 months to be recovered.

As of February 2026, over the analyzed timeframe, the Ray Dalio All Weather Portfolio 2x Leveraged obtained a 12.27% compound annual return, with a 15.89% standard deviation. It suffered a maximum drawdown of -37.02% that required 46 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.

The Lazy Team Simplified Permanent Portfolio

Weight (%)	Ticker	Name
25.00	VTI	Vanguard Total Stock Market
50.00	IEF	iShares 7-10 Year Treasury Bond
25.00	GLD	SPDR Gold Trust

Ray Dalio All Weather Portfolio 2x Leveraged

Weight (%)	Ticker	Name
30.00	SSO	ProShares Ultra S&P 500
7.50	DIG	ProShares Ultra Oil & Gas
40.00	UBT	ProShares Ultra 20+ Year Treasury
15.00	UST	ProShares Ultra 7-10 Year Treasury
7.50	UGL	ProShares Ultra Gold

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Portfolio Returns as of Feb 28, 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 - 2026/02)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Simplified Permanent Portfolio The Lazy Team	1 $	3.28 $	227.69%	7.70%
All Weather Portfolio 2x Leveraged Ray Dalio	1 $	6.37 $	537.28%	12.27%
	Mar 2010	Feb 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Simplified Permanent Portfolio The Lazy Team	1 $	2.17 $	117.38%	4.97%
All Weather Portfolio 2x Leveraged Ray Dalio	1 $	4.23 $	322.75%	9.43%
	Mar 2010	Feb 2026

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		Return (%) as of Feb 28, 2026
		YTD (2M)	1M	6M	1Y	5Y	10Y	MAX (~16Y)
	Simplified Permanent Portfolio The Lazy Team	6.89	3.43	16.84	27.46	9.27	8.29	7.70
	All Weather Portfolio 2x Leveraged Ray Dalio	11.19	6.66	22.12	24.84	7.39	9.39	12.27
Returns over 1 year are annualized.

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Portfolio Metrics as of Feb 28, 2026

The following metrics, updated as of 28 February 2026, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON

Period: 1 March 2025 - 28 February 2026 (1 year)

Period: 1 March 2021 - 28 February 2026 (5 years)

Period: 1 March 2016 - 28 February 2026 (10 years)

Period: 1 March 2010 - 28 February 2026 (~16 years)

1 Year

5 Years

10 Years

All (2010/03 - 2026/02)

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	Simplified Permanent Portfolio	All Weather Portfolio 2x Leveraged
Author	The Lazy Team	Ray Dalio
ASSET ALLOCATION
Stocks	25%	37.5%
Fixed Income	50%	55%
Commodities	25%	7.5%
PERFORMANCES
Annualized Return (%)	27.46	24.84
Infl. Adjusted (%)	24.47	21.91
DRAWDOWN
Deepest Drawdown Depth (%)	0.00	-6.11
Start to Recovery (months)		6
Longest Drawdown Depth (%)	0.00	-6.11
Start to Recovery (months)		6
Longest Negative Period (months)	0	5
RISK INDICATORS
Standard Deviation (%)	4.41	11.90
Sharpe Ratio	5.32	1.75
Sortino Ratio	7.76	2.46
Ulcer Index	0.00	2.47
Ratio: Return / Standard Deviation	6.23	2.09
Ratio: Return / Deepest Drawdown	---	4.07
Metrics calculated over the period 1 March 2025 - 28 February 2026

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	Simplified Permanent Portfolio	All Weather Portfolio 2x Leveraged
Author	The Lazy Team	Ray Dalio
ASSET ALLOCATION
Stocks	25%	37.5%
Fixed Income	50%	55%
Commodities	25%	7.5%
PERFORMANCES
Annualized Return (%)	9.27	7.39
Infl. Adjusted (%)	4.63	2.82
DRAWDOWN
Deepest Drawdown Depth (%)	-16.43	-37.02
Start to Recovery (months)	27	46
Longest Drawdown Depth (%)	-16.43	-37.02
Start to Recovery (months)	27	46
Longest Negative Period (months)	32	48
RISK INDICATORS
Standard Deviation (%)	8.56	21.86
Sharpe Ratio	0.71	0.19
Sortino Ratio	0.94	0.25
Ulcer Index	5.89	17.45
Ratio: Return / Standard Deviation	1.08	0.34
Ratio: Return / Deepest Drawdown	0.56	0.20
Metrics calculated over the period 1 March 2021 - 28 February 2026

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	Simplified Permanent Portfolio	All Weather Portfolio 2x Leveraged
Author	The Lazy Team	Ray Dalio
ASSET ALLOCATION
Stocks	25%	37.5%
Fixed Income	50%	55%
Commodities	25%	7.5%
PERFORMANCES
Annualized Return (%)	8.29	9.39
Infl. Adjusted (%)	4.86	5.92
DRAWDOWN
Deepest Drawdown Depth (%)	-16.43	-37.02
Start to Recovery (months)	27	46
Longest Drawdown Depth (%)	-16.43	-37.02
Start to Recovery (months)	27	46
Longest Negative Period (months)	40	53
RISK INDICATORS
Standard Deviation (%)	7.38	18.07
Sharpe Ratio	0.84	0.40
Sortino Ratio	1.16	0.54
Ulcer Index	4.40	12.98
Ratio: Return / Standard Deviation	1.12	0.52
Ratio: Return / Deepest Drawdown	0.50	0.25
Metrics calculated over the period 1 March 2016 - 28 February 2026

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	Simplified Permanent Portfolio	All Weather Portfolio 2x Leveraged
Author	The Lazy Team	Ray Dalio
ASSET ALLOCATION
Stocks	25%	37.5%
Fixed Income	50%	55%
Commodities	25%	7.5%
PERFORMANCES
Annualized Return (%)	7.70	12.27
Infl. Adjusted (%)	4.97	9.43
DRAWDOWN
Deepest Drawdown Depth (%)	-16.43	-37.02
Start to Recovery (months)	27	46
Longest Drawdown Depth (%)	-16.43	-37.02
Start to Recovery (months)	27	46
Longest Negative Period (months)	40	53
RISK INDICATORS
Standard Deviation (%)	6.98	15.89
Sharpe Ratio	0.92	0.69
Sortino Ratio	1.28	0.92
Ulcer Index	3.72	10.77
Ratio: Return / Standard Deviation	1.10	0.77
Ratio: Return / Deepest Drawdown	0.47	0.33
Metrics calculated over the period 1 March 2010 - 28 February 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 March 2016 - 28 February 2026 (10 years)

Period: 1 March 2010 - 28 February 2026 (~16 years)

Chart Table

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Simplified Permanent Portfolio			All Weather Portfolio 2x Leveraged
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-37.02	46	Jan 2022 Oct 2025
-16.43	27	Jan 2022 Mar 2024
			-15.40	17	Feb 2015 Jun 2016
			-14.01	16	Aug 2016 Nov 2017
			-11.91	14	Feb 2018 Mar 2019
			-10.15	10	Aug 2020 May 2021
			-9.99	9	May 2013 Jan 2014
-6.69	11	Apr 2013 Feb 2014
-6.23	12	Aug 2016 Jul 2017
-5.27	14	Feb 2015 Mar 2016
			-4.76	3	Sep 2014 Nov 2014
			-4.36	2	Sep 2021 Oct 2021
			-3.82	2	Jun 2011 Jul 2011
-3.81	5	Jan 2021 May 2021
			-3.74	2	Mar 2020 Apr 2020

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 - 28 February 2026 (~16 years)

Rolling Period:

Simplified Permanent Portfolio
All Weather 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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	Simplified Permanent Portfolio		All Weather Portfolio 2x Leveraged
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2026	6.89	0.00	11.19	0.00
2025	24.21	0.00	20.73	-6.11
2024	12.30	-2.24	6.94	-8.21
2023	11.51	-5.16	12.73	-19.81
2022	-12.67	-16.43	-29.60	-36.33
2021	3.72	-3.81	19.72	-5.30
2020	16.46	-3.11	19.68	-10.15
2019	16.15	-0.99	34.09	-1.91
2018	-1.29	-3.68	-10.77	-11.91
2017	9.78	-0.96	21.37	-0.83
2016	5.72	-6.23	11.11	-14.01
2015	-1.82	-5.27	-8.24	-15.40
2014	7.12	-2.59	32.31	-4.76
2013	-1.76	-6.69	8.66	-9.99
2012	7.59	-1.89	12.34	-3.39
2011	10.45	-3.69	33.40	-3.82

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Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of Feb 28, 2026

Portfolio Metrics as of Feb 28, 2026

Drawdowns

Rolling Returns

Yearly Returns