Managing the All Country World 40/60 with Bitcoin Portfolio with a yearly rebalancing, you would have obtained a 84.10% compound annual return in the last 10 Years.
With a quarterly rebalancing, over the same period, the return would have been 7.30%.
How do returns and drawdowns change, implementing different rebalancing strategies?
Rebalancing Strategies
In order to keep risk under control, you should rebalance assets quotes from time to time, so to keep them at the original percentage of the asset allocation.
At fixed time intervals:
- Yearly: Jan 1st
- Half Yearly: Jan 1st, Jul 1st
- Quarterly: Jan 1st, Apr 1st, Jul 1st, Oct 1st
Portfolio Returns as of Sep 30, 2025
Implementing different rebalancing strategies, the All Country World 40/60 with Bitcoin Portfolio guaranteed the following returns.
Portfolio returns are calculated in EUR, assuming:
- No fees or capital gain taxes
- the reinvestment of dividends, if existing
- the adjustment for actual currency exchange rates (simulation derived from original US returns)
| Return (%) and number of rebalances as of Sep 30, 2025 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Rebalancing Strategy | 1Y | 5Y | 10Y |
MAX (~15Y) |
||||
| No Rebalancing | 70.79 | (0) | 61.22 | (0) | 84.10 | (0) | 86.96 | (0) |
| Yearly Rebalancing | 4.66 | (1) | 6.36 | (5) | 8.57 | (10) | 15.87 | (15) |
| Half Yearly Rebalancing | 4.01 | (2) | 5.88 | (10) | 7.30 | (20) | 14.15 | (30) |
| Quarterly Rebalancing | 4.15 | (4) | 5.96 | (20) | 7.12 | (40) | 11.14 | (59) |
| 5% Tolerance per asset | 4.40 | (0) | 5.79 | (3) | 6.48 | (5) | 10.87 | (11) |
| 10% Tolerance per asset | 4.56 | (1) | 6.53 | (2) | 7.41 | (3) | 13.59 | (6) |
In order to have complete information about the portfolio, please refer to the All Country World 40/60 with Bitcoin Portfolio: ETF allocation and returns page.
Performances as of Sep 30, 2025
Historical returns and stats of All Country World 40/60 with Bitcoin Portfolio, after implementing different rebalancing strategies.
|
Standard Deviation
|
Max Drawdown (%)
|
|||||
|---|---|---|---|---|---|---|
| Rebalancing Strategy | Return % | Std Dev(%) | Ret. / Std Dev | MaxDD(%) | Ret. / MaxDD | |
| No Rebalancing | 86.96 | (0) | 138.73 | 0.63 | -75.69 | 1.15 |
| Yearly Rebalancing | 15.87 | (15) | 34.93 | 0.45 | -39.48 | 0.40 |
| Half Yearly Rebalancing | 14.15 | (30) | 14.90 | 0.95 | -12.90 | 1.10 |
| Quarterly Rebalancing | 11.14 | (59) | 10.17 | 1.10 | -12.84 | 0.87 |
| 5% Tolerance per asset | 10.87 | (11) | 10.33 | 1.05 | -12.62 | 0.86 |
| 10% Tolerance per asset | 13.59 | (6) | 16.95 | 0.80 | -12.70 | 1.07 |
Drawdowns as of Sep 30, 2025
Historical Drawdowns of All Country World 40/60 with Bitcoin Portfolio, after implementing different rebalancing strategies.
|
Rebalancing
|
Tolerance per asset
|
||||
|---|---|---|---|---|---|
| No Rebalancing | Yearly | Half Yearly | Quarterly | 5% | 10% |
|
-75.69
Dec 2013 - Dec 2016
|
-39.48
Jul 2011 - Oct 2013
|
-12.90
Jan 2022 - Mar 2024
|
-12.84
Jan 2022 - Mar 2024
|
-12.62
Jan 2022 - Mar 2024
|
-12.70
Jan 2022 - Mar 2024
|
|
-74.30
Jan 2018 - Oct 2020
|
-23.97
Dec 2013 - Jul 2016
|
-8.38
Feb 2020 - Nov 2020
|
-8.38
Feb 2020 - Nov 2020
|
-8.62
Feb 2020 - Nov 2020
|
-8.62
Feb 2020 - Nov 2020
|
|
-70.90
Nov 2021 - Feb 2024
|
-12.85
Jan 2022 - Feb 2024
|
-8.30
Dec 2013 - Aug 2014
|
-7.80
Feb 2025 - In progress
|
-8.12
Feb 2025 - In progress
|
-7.84
Apr 2015 - Jun 2016
|
|
-41.16
Apr 2021 - Oct 2021
|
-8.38
Feb 2020 - Nov 2020
|
-7.80
Feb 2025 - In progress
|
-7.57
Apr 2015 - Nov 2015
|
-7.84
Apr 2015 - Jun 2016
|
-7.80
Feb 2025 - In progress
|
|
-39.48
Jul 2011 - Sep 2012
|
-7.80
Feb 2025 - In progress
|
-7.60
Apr 2015 - Nov 2015
|
-6.61
Dec 2013 - Jul 2014
|
-4.29
Sep 2018 - Feb 2019
|
-5.15
Jul 2011 - Dec 2011
|
| 5 Worst Drawdowns - Average | |||||
| -60.30 | -18.50 | -9.00 | -8.64 | -8.30 | -8.42 |
| 10 Worst Drawdowns - Average | |||||
| -38.60 | -10.69 | -6.73 | -6.16 | -5.60 | -5.93 |
For a deeper insight, please refer to the All Country World 40/60 with Bitcoin Portfolio: ETF allocation and returns page.
