Developed World ex-US 40/60 Portfolio vs Developed World ex-US 40/60 Momentum Portfolio Portfolio Comparison

Simulation Settings

Period: August 2009 - February 2026 (~17 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
(2009/08 - 2026/02)

Inflation Adjusted:

Developed World ex-US 40/60 Portfolio

1.00$
Invested Capital
August 2009
2.55$
Final Capital
February 2026
5.81%
Yearly Return
7.16%
Std Deviation
-19.57%
Max Drawdown
36months
Recovery Period

1.00$
Invested Capital
August 2009
1.67$
Final Capital
February 2026
3.15%
Yearly Return
7.16%
Std Deviation
-26.28%
Max Drawdown
57months
Recovery Period

Developed World ex-US 40/60 Momentum Portfolio

1.00$
Invested Capital
August 2009
2.60$
Final Capital
February 2026
5.94%
Yearly Return
6.84%
Std Deviation
-19.40%
Max Drawdown
35months
Recovery Period

1.00$
Invested Capital
August 2009
1.71$
Final Capital
February 2026
3.27%
Yearly Return
6.84%
Std Deviation
-27.53%
Max Drawdown
62months*
Recovery Period
* in progress

As of February 2026, over the analyzed timeframe, the Developed World ex-US 40/60 Portfolio obtained a 5.81% compound annual return, with a 7.16% standard deviation. It suffered a maximum drawdown of -19.57% that required 36 months to be recovered.

As of February 2026, over the analyzed timeframe, the Developed World ex-US 40/60 Momentum Portfolio obtained a 5.94% compound annual return, with a 6.84% standard deviation. It suffered a maximum drawdown of -19.40% that required 35 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.

Developed World ex-US 40/60 Portfolio

Weight (%)	Ticker	Name
40.00	VEA	Vanguard FTSE Developed Markets
60.00	BNDX	Vanguard Total International Bond

Developed World ex-US 40/60 Momentum Portfolio

Weight (%)	Ticker	Name
40.00	IMTM	iShares MSCI Intl Momentum Factor ETF
60.00	BNDX	Vanguard Total International 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

All Data
(2009/08 - 2026/02)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Developed World ex-US 40/60	1 $	2.55 $	155.23%	5.81%
Developed World ex-US 40/60 Momentum	1 $	2.60 $	160.23%	5.94%
	Aug 2009	Feb 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Developed World ex-US 40/60	1 $	1.67 $	67.32%	3.15%
Developed World ex-US 40/60 Momentum	1 $	1.71 $	70.60%	3.27%
	Aug 2009	Feb 2026

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		Return (%) as of Feb 28, 2026
		YTD (2M)	1M	6M	1Y	5Y	10Y	MAX (~17Y)
	Developed World ex-US 40/60 -- Market Benchmark	6.21	3.42	10.84	18.94	5.09	5.78	5.81
	Developed World ex-US 40/60 Momentum -- Market Benchmark	5.19	2.54	8.89	17.40	4.90	5.90	5.94
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 August 2009 - 28 February 2026 (~17 years)

1 Year

5 Years

10 Years

All (2009/08 - 2026/02)

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	Developed World ex-US 40/60	Developed World ex-US 40/60 Momentum
Author
ASSET ALLOCATION
Stocks	40%	40%
Fixed Income	60%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	18.94	17.40
Infl. Adjusted (%)	16.14	14.65
DRAWDOWN
Deepest Drawdown Depth (%)	-0.70	-0.97
Start to Recovery (months)	2	2
Longest Drawdown Depth (%)	-0.70	-0.80
Start to Recovery (months)	2	2
Longest Negative Period (months)	1	1
RISK INDICATORS
Standard Deviation (%)	4.27	4.56
Sharpe Ratio	3.49	2.93
Sortino Ratio	4.58	3.89
Ulcer Index	0.27	0.35
Ratio: Return / Standard Deviation	4.43	3.82
Ratio: Return / Deepest Drawdown	27.09	17.89
Metrics calculated over the period 1 March 2025 - 28 February 2026

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	Developed World ex-US 40/60	Developed World ex-US 40/60 Momentum
Author
ASSET ALLOCATION
Stocks	40%	40%
Fixed Income	60%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	5.09	4.90
Infl. Adjusted (%)	0.63	0.44
DRAWDOWN
Deepest Drawdown Depth (%)	-19.57	-19.40
Start to Recovery (months)	36	35
Longest Drawdown Depth (%)	-19.57	-19.40
Start to Recovery (months)	36	35
Longest Negative Period (months)	41	36
RISK INDICATORS
Standard Deviation (%)	8.54	8.08
Sharpe Ratio	0.22	0.21
Sortino Ratio	0.30	0.28
Ulcer Index	7.20	7.43
Ratio: Return / Standard Deviation	0.60	0.61
Ratio: Return / Deepest Drawdown	0.26	0.25
Metrics calculated over the period 1 March 2021 - 28 February 2026

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	Developed World ex-US 40/60	Developed World ex-US 40/60 Momentum
Author
ASSET ALLOCATION
Stocks	40%	40%
Fixed Income	60%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	5.78	5.90
Infl. Adjusted (%)	2.42	2.54
DRAWDOWN
Deepest Drawdown Depth (%)	-19.57	-19.40
Start to Recovery (months)	36	35
Longest Drawdown Depth (%)	-19.57	-19.40
Start to Recovery (months)	36	35
Longest Negative Period (months)	59	56
RISK INDICATORS
Standard Deviation (%)	7.51	7.06
Sharpe Ratio	0.49	0.54
Sortino Ratio	0.65	0.70
Ulcer Index	5.35	5.46
Ratio: Return / Standard Deviation	0.77	0.84
Ratio: Return / Deepest Drawdown	0.30	0.30
Metrics calculated over the period 1 March 2016 - 28 February 2026

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	Developed World ex-US 40/60	Developed World ex-US 40/60 Momentum
Author
ASSET ALLOCATION
Stocks	40%	40%
Fixed Income	60%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	5.81	5.94
Infl. Adjusted (%)	3.15	3.27
DRAWDOWN
Deepest Drawdown Depth (%)	-19.57	-19.40
Start to Recovery (months)	36	35
Longest Drawdown Depth (%)	-19.57	-19.40
Start to Recovery (months)	36	35
Longest Negative Period (months)	59	56
RISK INDICATORS
Standard Deviation (%)	7.16	6.84
Sharpe Ratio	0.64	0.69
Sortino Ratio	0.85	0.91
Ulcer Index	4.41	4.52
Ratio: Return / Standard Deviation	0.81	0.87
Ratio: Return / Deepest Drawdown	0.30	0.31
Metrics calculated over the period 1 August 2009 - 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 August 2009 - 28 February 2026 (~17 years)

Chart Table

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Developed World ex-US 40/60			Developed World ex-US 40/60 Momentum
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-19.57	36	Sep 2021 Aug 2024
			-19.40	35	Sep 2021 Jul 2024
-9.84	11	Jan 2020 Nov 2020
			-8.94	15	May 2011 Jul 2012
			-7.72	5	Feb 2020 Jun 2020
-7.71	10	May 2011 Feb 2012
			-6.00	14	Feb 2018 Mar 2019
-5.69	14	Feb 2018 Mar 2019
-5.53	15	May 2015 Jul 2016
			-5.38	14	May 2015 Jun 2016
			-5.17	6	May 2013 Oct 2013
-4.79	5	May 2013 Sep 2013
-4.63	5	Apr 2012 Aug 2012
			-4.27	8	Aug 2016 Mar 2017
-4.11	4	Apr 2010 Jul 2010

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 August 2009 - 28 February 2026 (~17 years)

Rolling Period:

Developed World ex-US 40/60
Developed World ex-US 40/60 Momentum

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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	Developed World ex-US 40/60		Developed World ex-US 40/60 Momentum
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2026	6.21	0.00	5.19	0.00
2025	15.79	-0.70	15.52	-0.97
2024	3.39	-3.31	7.00	-2.55
2023	12.45	-5.52	10.83	-4.47
2022	-13.80	-18.75	-14.37	-19.07
2021	3.30	-2.38	1.27	-2.17
2020	6.69	-9.84	11.65	-7.72
2019	13.77	-1.47	14.52	-0.27
2018	-4.22	-5.69	-4.03	-6.00
2017	12.01	-0.03	11.62	-0.20
2016	3.84	-3.04	2.96	-4.27
2015	0.56	-5.49	0.07	-5.38
2014	2.85	-1.71	1.57	-1.52
2013	8.25	-4.79	8.39	-5.17
2012	13.14	-4.63	12.90	-3.09
2011	0.24	-7.71	-0.59	-8.94
2010	8.45	-4.11	10.77	-4.04

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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