Bill Bernstein Sheltered Sam 0/100 Portfolio: Rebalancing Strategy
Managing the Bill Bernstein Sheltered Sam 0/100 Portfolio with a yearly rebalancing, you would have obtained a 4.04% compound annual return in the last 30 Years.
With a quarterly rebalancing, over the same period, the return would have been 3.78%.
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 Jun 30, 2026
Implementing different rebalancing strategies, the Bill Bernstein Sheltered Sam 0/100 Portfolio guaranteed the following returns.
Portfolio returns are calculated in USD, assuming:
- No fees or capital gain taxes
- the reinvestment of dividends, if existing
| Return (%) and number of rebalances as of Jun 30, 2026 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Rebalancing Strategy | 1Y | 5Y | 10Y | 30Y |
MAX (~42Y) |
|||||
| No Rebalancing | 3.05 | (0) | 0.98 | (0) | 2.00 | (0) | 4.04 | (0) | 5.45 | (0) |
| Yearly Rebalancing | 2.96 | (1) | 1.29 | (5) | 1.89 | (10) | 3.79 | (30) | 5.25 | (42) |
| Half Yearly Rebalancing | 2.96 | (2) | 1.28 | (10) | 1.88 | (20) | 3.78 | (60) | 5.24 | (83) |
| Quarterly Rebalancing | 2.96 | (4) | 1.28 | (20) | 1.88 | (40) | 3.77 | (120) | 5.24 | (166) |
| 5% Tolerance per asset | 2.96 | (0) | 1.23 | (0) | 1.86 | (0) | 3.80 | (3) | 5.26 | (4) |
| 10% Tolerance per asset | 2.96 | (0) | 1.23 | (0) | 1.87 | (0) | 3.85 | (2) | 5.31 | (2) |
In order to have complete information about the portfolio, please refer to the Bill Bernstein Sheltered Sam 0/100 Portfolio: ETF allocation and returns page.
Performances as of Jun 30, 2026
Historical returns and stats of Bill Bernstein Sheltered Sam 0/100 Portfolio, after implementing different rebalancing strategies.
|
Standard Deviation
|
Max Drawdown (%)
|
|||||
|---|---|---|---|---|---|---|
| Rebalancing Strategy | Return % | Std Dev(%) | Ret. / Std Dev | MaxDD(%) | Ret. / MaxDD | |
| No Rebalancing | 5.45 | (0) | 4.12 | 1.32 | -11.08 | 0.49 |
| Yearly Rebalancing | 5.25 | (42) | 3.60 | 1.46 | -8.61 | 0.61 |
| Half Yearly Rebalancing | 5.24 | (83) | 3.60 | 1.46 | -8.68 | 0.60 |
| Quarterly Rebalancing | 5.24 | (166) | 3.60 | 1.45 | -8.69 | 0.60 |
| 5% Tolerance per asset | 5.26 | (4) | 3.68 | 1.43 | -8.99 | 0.59 |
| 10% Tolerance per asset | 5.31 | (2) | 3.78 | 1.41 | -9.04 | 0.59 |
Drawdowns as of Jun 30, 2026
Historical Drawdowns of Bill Bernstein Sheltered Sam 0/100 Portfolio, after implementing different rebalancing strategies.
|
Rebalancing
|
Tolerance per asset
|
||||
|---|---|---|---|---|---|
| No Rebalancing | Yearly | Half Yearly | Quarterly | 5% | 10% |
|
-11.08
Jan 2022 - Aug 2025
|
-8.61
Jan 2022 - Feb 2025
|
-8.68
Jan 2022 - Feb 2025
|
-8.69
Jan 2022 - Feb 2025
|
-8.99
Jan 2022 - Feb 2025
|
-9.04
Jan 2022 - Feb 2025
|
|
-5.87
Feb 1994 - Apr 1995
|
-5.22
Feb 1994 - Mar 1995
|
-5.22
Feb 1994 - Mar 1995
|
-5.25
Feb 1994 - Mar 1995
|
-5.43
Feb 1994 - Mar 1995
|
-5.87
Feb 1994 - Apr 1995
|
|
-5.80
Sep 2008 - Mar 2009
|
-3.71
Mar 1987 - Nov 1987
|
-3.76
Mar 1987 - Nov 1987
|
-3.76
Mar 1987 - Nov 1987
|
-4.11
Mar 1987 - Dec 1987
|
-4.40
Sep 2008 - Mar 2009
|
|
-5.56
Dec 2012 - Jul 2016
|
-3.67
Sep 2008 - Dec 2008
|
-3.66
May 2013 - Jun 2016
|
-3.68
Sep 2008 - Dec 2008
|
-3.66
May 2013 - Jun 2016
|
-4.11
Mar 1987 - Dec 1987
|
|
-4.11
Mar 1987 - Dec 1987
|
-3.63
May 2013 - Jun 2016
|
-3.56
Sep 2008 - Dec 2008
|
-3.66
May 2013 - Jun 2016
|
-3.66
Sep 2008 - Dec 2008
|
-3.71
May 2013 - Jun 2016
|
| 5 Worst Drawdowns - Average | |||||
| -6.48 | -4.97 | -4.98 | -5.01 | -5.17 | -5.43 |
| 10 Worst Drawdowns - Average | |||||
| -4.69 | -3.70 | -3.70 | -3.72 | -3.87 | -4.06 |
For a deeper insight, please refer to the Bill Bernstein Sheltered Sam 0/100 Portfolio: ETF allocation and returns page.