Total Bond Developed World ex-US Portfolio vs Merrill Lynch Edge Select Conservative Portfolio Portfolio Comparison

Simulation Settings

Period: January 1985 - February 2026 (~41 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

30 Years
(1996/03 - 2026/02)

All Data
(1985/01 - 2026/02)

Inflation Adjusted:

Total Bond Developed World ex-US Portfolio

1.00$
Invested Capital
March 1996
3.92$
Final Capital
February 2026
4.66%
Yearly Return
4.40%
Std Deviation
-14.88%
Max Drawdown
62months
Recovery Period

1.00$
Invested Capital
March 1996
1.85$
Final Capital
February 2026
2.08%
Yearly Return
4.40%
Std Deviation
-26.14%
Max Drawdown
67months*
Recovery Period
* in progress

1.00$
Invested Capital
January 1985
13.34$
Final Capital
February 2026
6.50%
Yearly Return
5.02%
Std Deviation
-14.88%
Max Drawdown
62months
Recovery Period

1.00$
Invested Capital
January 1985
4.30$
Final Capital
February 2026
3.60%
Yearly Return
5.02%
Std Deviation
-26.14%
Max Drawdown
67months*
Recovery Period
* in progress

Merrill Lynch Edge Select Conservative Portfolio

1.00$
Invested Capital
March 1996
4.56$
Final Capital
February 2026
5.19%
Yearly Return
4.26%
Std Deviation
-12.44%
Max Drawdown
27months
Recovery Period

1.00$
Invested Capital
March 1996
2.16$
Final Capital
February 2026
2.60%
Yearly Return
4.26%
Std Deviation
-19.91%
Max Drawdown
62months*
Recovery Period
* in progress

1.00$
Invested Capital
January 1985
14.59$
Final Capital
February 2026
6.73%
Yearly Return
4.50%
Std Deviation
-12.44%
Max Drawdown
27months
Recovery Period

1.00$
Invested Capital
January 1985
4.70$
Final Capital
February 2026
3.83%
Yearly Return
4.50%
Std Deviation
-19.91%
Max Drawdown
62months*
Recovery Period
* in progress

As of February 2026, in the previous 30 Years, the Total Bond Developed World ex-US Portfolio obtained a 4.66% compound annual return, with a 4.40% standard deviation. It suffered a maximum drawdown of -14.88% that required 62 months to be recovered.

As of February 2026, in the previous 30 Years, the Merrill Lynch Edge Select Conservative Portfolio obtained a 5.19% compound annual return, with a 4.26% standard deviation. It suffered a maximum drawdown of -12.44% that required 27 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.

Resources & Extras

Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

Total Bond Developed World ex-US Portfolio

Weight (%)	Ticker	Name
100.00	BNDX	Vanguard Total International Bond

Merrill Lynch Edge Select Conservative Portfolio

Weight (%)	Ticker	Name
8.00	VTV	Vanguard Value
5.00	VUG	Vanguard Growth
5.00	VEU	Vanguard FTSE All-World ex-US
1.00	EEM	iShares MSCI Emerging Markets
1.00	IJS	iShares S&P Small-Cap 600 Value
1.00	IJT	iShares S&P Small-Cap 600 Growth
24.00	BIL	SPDR Blmbg Barclays 1-3 Mth T-Bill
17.00	IEI	iShares 3-7 Year Treasury Bond
12.00	MBB	iShares MBS
12.00	BNDX	Vanguard Total International Bond
10.00	LQD	iShares Investment Grade Corporate Bond
4.00	HYG	iShares iBoxx $ High Yield Corporate Bond

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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

30 Years
(1996/03 - 2026/02)

All Data
(1985/01 - 2026/02)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Total Bond Developed World ex-US	1 $	3.92 $	291.99%	4.66%
Edge Select Conservative Merrill Lynch	1 $	4.56 $	356.14%	5.19%
	Mar 1996	Feb 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Total Bond Developed World ex-US	1 $	1.85 $	85.50%	2.08%
Edge Select Conservative Merrill Lynch	1 $	2.16 $	115.85%	2.60%
	Mar 1996	Feb 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Total Bond Developed World ex-US	1 $	13.34 $	1 233.81%	6.50%
Edge Select Conservative Merrill Lynch	1 $	14.59 $	1 358.73%	6.73%
	Jan 1985	Feb 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Total Bond Developed World ex-US	1 $	4.30 $	329.61%	3.60%
Edge Select Conservative Merrill Lynch	1 $	4.70 $	369.85%	3.83%
	Jan 1985	Feb 2026

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		Return (%) as of Feb 28, 2026
		YTD (2M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~41Y)
	Total Bond Developed World ex-US -- Market Benchmark	2.06	1.53	2.90	3.81	0.63	2.02	4.66	6.50
	Edge Select Conservative Merrill Lynch	2.35	1.31	5.11	9.26	3.88	4.70	5.19	6.73
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 1996 - 28 February 2026 (30 years)

Period: 1 January 1985 - 28 February 2026 (~41 years)

1 Year

5 Years

10 Years

30 Years

All (1985/01 - 2026/02)

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	Total Bond Developed World ex-US	Edge Select Conservative
Author		Merrill Lynch
ASSET ALLOCATION
Stocks	0%	21%
Fixed Income	100%	79%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	3.81	9.26
Infl. Adjusted (%)	1.37	6.70
DRAWDOWN
Deepest Drawdown Depth (%)	-1.18	-0.75
Start to Recovery (months)	2	3
Longest Drawdown Depth (%)	-0.70	-0.75
Start to Recovery (months)	4	3
Longest Negative Period (months)	3	2
RISK INDICATORS
Standard Deviation (%)	2.74	2.30
Sharpe Ratio	-0.08	2.27
Sortino Ratio	-0.12	2.96
Ulcer Index	0.39	0.23
Ratio: Return / Standard Deviation	1.39	4.02
Ratio: Return / Deepest Drawdown	3.22	12.29
Metrics calculated over the period 1 March 2025 - 28 February 2026

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	Total Bond Developed World ex-US	Edge Select Conservative
Author		Merrill Lynch
ASSET ALLOCATION
Stocks	0%	21%
Fixed Income	100%	79%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	0.63	3.88
Infl. Adjusted (%)	-3.65	-0.53
DRAWDOWN
Deepest Drawdown Depth (%)	-14.32	-12.44
Start to Recovery (months)	51	27
Longest Drawdown Depth (%)	-14.32	-12.44
Start to Recovery (months)	51	27
Longest Negative Period (months)	54	34
RISK INDICATORS
Standard Deviation (%)	5.21	5.80
Sharpe Ratio	-0.50	0.12
Sortino Ratio	-0.71	0.15
Ulcer Index	7.36	4.54
Ratio: Return / Standard Deviation	0.12	0.67
Ratio: Return / Deepest Drawdown	0.04	0.31
Metrics calculated over the period 1 March 2021 - 28 February 2026

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	Total Bond Developed World ex-US	Edge Select Conservative
Author		Merrill Lynch
ASSET ALLOCATION
Stocks	0%	21%
Fixed Income	100%	79%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	2.02	4.70
Infl. Adjusted (%)	-1.21	1.38
DRAWDOWN
Deepest Drawdown Depth (%)	-14.88	-12.44
Start to Recovery (months)	62	27
Longest Drawdown Depth (%)	-14.88	-12.44
Start to Recovery (months)	62	27
Longest Negative Period (months)	77	39
RISK INDICATORS
Standard Deviation (%)	4.32	4.86
Sharpe Ratio	-0.02	0.54
Sortino Ratio	-0.02	0.71
Ulcer Index	5.61	3.28
Ratio: Return / Standard Deviation	0.47	0.97
Ratio: Return / Deepest Drawdown	0.14	0.38
Metrics calculated over the period 1 March 2016 - 28 February 2026

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	Total Bond Developed World ex-US	Edge Select Conservative
Author		Merrill Lynch
ASSET ALLOCATION
Stocks	0%	21%
Fixed Income	100%	79%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	4.66	5.19
Infl. Adjusted (%)	2.08	2.60
DRAWDOWN
Deepest Drawdown Depth (%)	-14.88	-12.44
Start to Recovery (months)	62	27
Longest Drawdown Depth (%)	-14.88	-12.44
Start to Recovery (months)	62	27
Longest Negative Period (months)	77	39
RISK INDICATORS
Standard Deviation (%)	4.40	4.26
Sharpe Ratio	0.55	0.69
Sortino Ratio	0.77	0.92
Ulcer Index	3.69	2.35
Ratio: Return / Standard Deviation	1.06	1.22
Ratio: Return / Deepest Drawdown	0.31	0.42
Metrics calculated over the period 1 March 1996 - 28 February 2026

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	Total Bond Developed World ex-US	Edge Select Conservative
Author		Merrill Lynch
ASSET ALLOCATION
Stocks	0%	21%
Fixed Income	100%	79%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	6.50	6.73
Infl. Adjusted (%)	3.60	3.83
DRAWDOWN
Deepest Drawdown Depth (%)	-14.88	-12.44
Start to Recovery (months)	62	27
Longest Drawdown Depth (%)	-14.88	-12.44
Start to Recovery (months)	62	27
Longest Negative Period (months)	77	39
RISK INDICATORS
Standard Deviation (%)	5.02	4.50
Sharpe Ratio	0.66	0.79
Sortino Ratio	0.95	1.08
Ulcer Index	3.42	2.12
Ratio: Return / Standard Deviation	1.30	1.49
Ratio: Return / Deepest Drawdown	0.44	0.54
Metrics calculated over the period 1 January 1985 - 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 1996 - 28 February 2026 (30 years)

Period: 1 January 1985 - 28 February 2026 (~41 years)

30 Years
(1996/03 - 2026/02)

Chart Table

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Total Bond Developed World ex-US			Edge Select Conservative
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-14.88	62	Jan 2021 Feb 2026
			-12.44	27	Jan 2022 Mar 2024
			-10.97	16	May 2008 Aug 2009
-10.03	17	Mar 2008 Jul 2009
-8.31	22	Dec 1996 Sep 1998
			-4.57	5	Feb 2020 Jun 2020
-4.24	13	May 2013 May 2014
-3.17	11	May 1999 Mar 2000
-3.03	14	Oct 2016 Nov 2017
-2.91	5	Mar 2020 Jul 2020
			-2.88	7	Jun 2011 Dec 2011
-2.88	10	Apr 2015 Jan 2016
			-2.46	11	May 2015 Mar 2016
			-2.43	3	Jul 1998 Sep 1998
-2.34	8	Jun 2003 Jan 2004

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Total Bond Developed World ex-US			Edge Select Conservative
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-14.88	62	Jan 2021 Feb 2026
			-12.44	27	Jan 2022 Mar 2024
			-10.97	16	May 2008 Aug 2009
-10.03	17	Mar 2008 Jul 2009
-8.68	18	Feb 1994 Jul 1995
-8.31	22	Dec 1996 Sep 1998
			-5.44	6	Sep 1987 Feb 1988
-4.82	9	Apr 1987 Dec 1987
			-4.57	5	Feb 2020 Jun 2020
-4.24	13	May 2013 May 2014
			-4.06	5	Aug 1990 Dec 1990
			-3.75	13	Feb 1994 Feb 1995
-3.70	3	Feb 1985 Apr 1985
-3.57	7	Dec 1989 Jun 1990
-3.35	3	May 1986 Jul 1986

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 - 28 February 2026 (~41 years)

Rolling Period:

Total Bond Developed World ex-US
Edge Select Conservative

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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	Total Bond Developed World ex-US		Edge Select Conservative
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2026	2.06	0.00	2.35	0.00
2025	2.87	-1.18	8.93	-0.75
2024	3.56	-1.42	5.96	-1.86
2023	8.78	-1.89	9.20	-3.89
2022	-12.76	-12.90	-9.59	-12.44
2021	-2.28	-2.58	3.46	-1.41
2020	4.65	-2.91	6.74	-4.57
2019	7.87	-1.68	11.07	-0.76
2018	2.81	-0.57	-1.01	-2.26
2017	2.40	-0.98	6.67	0.00
2016	4.61	-2.49	4.67	-1.32
2015	1.19	-2.88	-0.16	-2.46
2014	8.74	-0.13	4.82	-1.01
2013	-0.81	-4.24	5.12	-2.30
2012	9.54	0.00	6.74	-1.52
2011	8.60	-0.56	3.69	-2.88
2010	8.53	-1.97	7.47	-1.66
2009	15.30	-0.78	10.64	-5.42
2008	-2.35	-10.03	-5.32	-9.24
2007	4.99	-1.62	5.55	-0.80
2006	2.94	-0.81	7.57	-0.79
2005	4.98	-1.02	4.31	-1.00
2004	6.11	-0.89	6.35	-1.82
2003	3.93	-2.34	10.38	-1.16
2002	9.29	-1.02	2.13	-1.95
2001	10.83	-1.10	2.93	-1.89
2000	9.20	-0.42	5.85	-1.16
1999	0.29	-3.17	5.52	-1.57
1998	17.11	-2.26	10.67	-2.43
1997	-4.84	-7.85	9.16	-1.58
1996	4.66	-1.82	7.09	-0.68
1995	21.23	-0.60	17.99	0.00
1994	-7.29	-8.68	-0.59	-3.75
1993	16.41	0.00	11.76	-1.05
1992	11.90	-2.20	6.62	-1.08
1991	21.42	-0.43	18.00	-1.13
1990	7.20	-3.40	3.99	-4.06
1989	11.10	-2.18	14.88	-0.43
1988	8.79	-1.14	10.13	-0.73
1987	3.47	-4.82	4.09	-5.44
1986	16.37	-3.35	15.59	-2.24
1985	24.95	-3.70	22.07	-0.64

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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