Bill Bernstein Sheltered Sam 50/50 Portfolio: ETF allocation and returns

Data Source: from January 1985 to April 2024 (~39 years)
Consolidated Returns as of 30 April 2024
Live Update: May 23 2024, 12:00PM Eastern Time Currency: USD
PORTFOLIO • LIVE PERFORMANCE (USD currency)
0.27%
1 Day
May 23 2024, 12:00PM Eastern Time
2.63%
Current Month
May 2024

The Bill Bernstein Sheltered Sam 50/50 Portfolio is a Medium Risk portfolio and can be implemented with 12 ETFs.

It's exposed for 48.5% on the Stock Market and for 1.5% on Commodities.

In the last 30 Years, the Bill Bernstein Sheltered Sam 50/50 Portfolio obtained a 6.86% compound annual return, with a 7.81% standard deviation.

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Asset Allocation and ETFs

The Bill Bernstein Sheltered Sam 50/50 Portfolio has the following asset allocation:

48.5% Stocks
50% Fixed Income
1.5% Commodities

The Bill Bernstein Sheltered Sam 50/50 Portfolio can be implemented with the following ETFs:

Weight
(%)
Investment Themes (Orig.Currency) ETF
Ticker
ETF
Currency
ETF Name
12.50 Equity, U.S., Large Cap, Value (USD)
VTV
USD Vanguard Value
10.00 Equity, U.S., Large Cap (USD)
VV
USD Vanguard Large-Cap
7.50 Equity, U.S., Small Cap, Value (USD)
IJS
USD iShares S&P Small-Cap 600 Value
5.00 Real Estate, U.S. (USD)
VNQ
USD Vanguard Real Estate
3.50 Equity, EAFE, Large Cap, Value (USD)
EFV
USD iShares MSCI EAFE Value
2.50 Equity, Emerging Markets, Large Cap (USD)
EEM
USD iShares MSCI Emerging Markets
2.50 Equity, U.S., Small Cap (USD)
IJR
USD iShares Core S&P Small-Cap
2.50 Equity, Developed Europe, Large Cap (USD)
VGK
USD Vanguard FTSE Europe
2.50 Equity, Developed Asia Pacific, Large Cap (USD)
VPL
USD Vanguard FTSE Pacific
30.00 Bond, U.S., Short Term (USD)
SHY
USD iShares 1-3 Year Treasury Bond
20.00 Bond, U.S., All-Term (USD)
TIP
USD iShares TIPS Bond
1.50 Commodity, Broad Precious Metals (USD)
GLTR
USD Aberdeen Standard Physical Precious Metals Basket Shares

Most of Lazy Portfolios are made of common components (asset classes), very simple and well defined. For a more complete view, find out the most common ETFs you can use to build your portfolio.

Portfolio and ETF Returns as of Apr 30, 2024

The Bill Bernstein Sheltered Sam 50/50 Portfolio guaranteed the following returns.

Returns are calculated in USD, assuming: May 2024 return is calculated on the hypothesis of a newly built portfolio, with the starting asset allocation.
BILL BERNSTEIN SHELTERED SAM 50/50 PORTFOLIO
Consolidated returns as of 30 April 2024
Live Update: May 23 2024, 12:00PM Eastern Time
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Apr 30, 2024
  1 Day Time ET(*) May 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~39Y)
Bill Bernstein Sheltered Sam 50/50 Portfolio -0.27 2.63 -2.60 9.61 6.16 4.77 4.74 6.86 8.38
US Inflation Adjusted return -2.90 7.63 2.71 0.57 1.83 4.20 5.42
Components
VTV
USD Vanguard Value -0.50 12:00PM, May 23 2024 3.28 -3.91 18.08 14.28 9.90 9.90 9.48 10.88
VV
USD Vanguard Large-Cap 0.29 11:57AM, May 23 2024 5.95 -3.99 20.72 22.87 12.96 12.23 10.48 11.46
IJS
USD iShares S&P Small-Cap 600 Value -1.10 11:51AM, May 23 2024 3.60 -6.50 15.66 6.86 6.19 7.28 10.18 11.64
VNQ
USD Vanguard Real Estate -0.77 12:00PM, May 23 2024 4.21 -7.94 10.51 -1.24 1.82 4.89 8.45 8.94
EFV
USD iShares MSCI EAFE Value -0.09 12:00PM, May 23 2024 4.08 -1.71 15.35 11.47 5.40 2.91 5.36 8.93
EEM
USD iShares MSCI Emerging Markets -0.20 11:59AM, May 23 2024 5.23 -0.22 13.84 7.61 0.91 2.14 4.84 8.69
IJR
USD iShares Core S&P Small-Cap -0.68 12:00PM, May 23 2024 4.08 -5.55 18.10 12.63 7.02 8.43 9.90 10.81
VGK
USD Vanguard FTSE Europe 0.33 11:58AM, May 23 2024 6.26 -2.55 18.38 7.06 6.78 4.15 6.87 9.83
VPL
USD Vanguard FTSE Pacific -0.05 11:59AM, May 23 2024 2.25 -4.76 14.20 9.75 4.59 4.89 2.70 6.15
SHY
USD iShares 1-3 Year Treasury Bond -0.04 11:59AM, May 23 2024 0.56 -0.44 1.99 2.09 0.85 0.86 3.07 4.31
TIP
USD iShares TIPS Bond -0.31 11:59AM, May 23 2024 1.48 -1.69 3.42 -2.11 1.57 1.58 5.16 6.63
GLTR
USD Aberdeen Standard Physical Precious Metals Basket Shares -1.23 11:53AM, May 23 2024 6.29 3.47 12.22 6.01 9.25 3.67 6.08 7.20
Returns over 1 year are annualized | Available data source: since Jan 1985
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Apr 2024. Current inflation (annualized) is 1Y: 3.36% , 5Y: 4.18% , 10Y: 2.85% , 30Y: 2.55%

In 2023, the Bill Bernstein Sheltered Sam 50/50 Portfolio granted a 2.78% dividend yield. If you are interested in getting periodic income, please refer to the Bill Bernstein Sheltered Sam 50/50 Portfolio: Dividend Yield page.

Capital Growth as of Apr 30, 2024

An investment of 1$, since May 1994, now would be worth 7.32$, with a total return of 631.85% (6.86% annualized).

The Inflation Adjusted Capital now would be 3.44$, with a net total return of 243.95% (4.20% annualized).
An investment of 1$, since January 1985, now would be worth 23.68$, with a total return of 2268.05% (8.38% annualized).

The Inflation Adjusted Capital now would be 7.98$, with a net total return of 697.65% (5.42% annualized).

Portfolio Metrics as of Apr 30, 2024

Metrics of Bill Bernstein Sheltered Sam 50/50 Portfolio, updated as of 30 April 2024.

Metrics are calculated based on monthly returns, assuming:
BILL BERNSTEIN SHELTERED SAM 50/50 PORTFOLIO
Advanced Metrics
Data Source: 1 January 1985 - 30 April 2024 (~39 years)
Swipe left to see all data
Metrics as of Apr 30, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~39Y)
Investment Return (%) -2.60 0.67 9.61 6.16 1.23 4.77 4.74 5.79 6.86 8.38
Infl. Adjusted Return (%) details -2.90 -0.46 7.63 2.71 -4.05 0.57 1.83 3.11 4.20 5.42
US Inflation (%) 0.31 1.14 1.85 3.36 5.50 4.18 2.85 2.60 2.55 2.81
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -6.00 -15.17 -15.17 -15.17 -28.23 -28.23 -28.23
Start to Recovery (# months) details 5 27 27 27 36 36 36
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 11 2007 11 2007 11
Start to Bottom (# months) 3 9 9 9 16 16 16
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2009 02 2009 02
Bottom to End (# months) 2 18 18 18 20 20 20
End (yyyy mm) 2023 12 2024 03 2024 03 2024 03 2010 10 2010 10 2010 10
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 11 2007 11 2007 11
Start to Bottom (# months) 3 9 9 9 16 16 16
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2009 02 2009 02
Bottom to End (# months) 2 18 18 18 20 20 20
End (yyyy mm) 2023 12 2024 03 2024 03 2024 03 2010 10 2010 10 2010 10
Longest negative period (# months) details 6 31 32 32 53 53 53
Period Start (yyyy mm) 2023 05 2021 05 2021 03 2021 03 2004 10 2004 10 2004 10
Period End (yyyy mm) 2023 10 2023 11 2023 10 2023 10 2009 02 2009 02 2009 02
Annualized Return (%) -6.20 -0.23 -0.43 -0.43 -0.09 -0.09 -0.09
Deepest Drawdown Depth (%) -6.89 -20.43 -20.43 -20.43 -29.42 -29.42 -29.42
Start to Recovery (# months) details 5 32* 32* 32* 39 39 39
Start (yyyy mm) 2023 08 2021 09 2021 09 2021 09 2007 11 2007 11 2007 11
Start to Bottom (# months) 3 13 13 13 16 16 16
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2009 02 2009 02
Bottom to End (# months) 2 19 19 19 23 23 23
End (yyyy mm) 2023 12 - - - 2011 01 2011 01 2011 01
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 08 2021 09 2021 09 2021 09 2007 11 2007 11 2007 11
Start to Bottom (# months) 3 13 13 13 16 16 16
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2009 02 2009 02
Bottom to End (# months) 2 19 19 19 23 23 23
End (yyyy mm) 2023 12 - - - 2011 01 2011 01 2011 01
Longest negative period (# months) details 6 36* 54 75 75 75 75
Period Start (yyyy mm) 2023 05 2021 05 2019 05 2017 08 2017 08 2017 08 2017 08
Period End (yyyy mm) 2023 10 2024 04 2023 10 2023 10 2023 10 2023 10 2023 10
Annualized Return (%) -8.92 -4.05 -1.00 -0.10 -0.10 -0.10 -0.10
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 9.05 9.63 9.75 7.93 8.20 7.81 7.97
Sharpe Ratio 0.10 -0.15 0.29 0.44 0.54 0.59 0.55
Sortino Ratio 0.14 -0.21 0.39 0.58 0.70 0.76 0.72
Ulcer Index 2.33 6.33 5.36 4.05 5.45 4.65 4.33
Ratio: Return / Standard Deviation 0.68 0.13 0.49 0.60 0.71 0.88 1.05
Ratio: Return / Deepest Drawdown 1.03 0.08 0.31 0.31 0.21 0.24 0.30
% Positive Months details 50% 55% 61% 66% 66% 66% 68%
Positive Months 6 20 37 80 160 241 323
Negative Months 6 16 23 40 80 119 149
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 4.74 8.65 10.17 12.72
Worst 10 Years Return (%) - Annualized 4.16 4.09 4.09
Best 10 Years Return (%) - Annualized 1.83 6.77 7.50 9.07
Worst 10 Years Return (%) - Annualized 1.34 1.34 1.34
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 31.79 16.20 13.05 10.17 8.15 6.86
Worst Rolling Return (%) - Annualized -25.19 -5.25 0.21 4.09 5.51
% Positive Periods 84% 96% 100% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 86.44 29.50 18.65 10.52 6.85 6.82
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 1.44 3.07 4.84
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 29.02 13.53 10.77 7.50 5.69 4.20
Worst Rolling Return (%) - Annualized -25.19 -7.26 -2.37 1.34 2.89
% Positive Periods 78% 84% 97% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 86.44 29.50 18.65 10.52 6.85 6.82
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 1.44 3.07 4.84
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1985 - Apr 2024)
Best Rolling Return (%) - Annualized 33.29 18.07 16.36 12.72 11.34 9.53
Worst Rolling Return (%) - Annualized -25.19 -5.25 0.21 4.09 5.51 6.47
% Positive Periods 85% 97% 100% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 86.44 29.50 18.65 10.52 6.85 6.35
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 1.44 3.07 4.39
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 30.48 14.68 12.25 9.07 8.06 6.63
Worst Rolling Return (%) - Annualized -25.19 -7.26 -2.37 1.34 2.89 3.85
% Positive Periods 77% 88% 98% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 86.44 29.50 18.65 10.52 6.85 6.35
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 1.44 3.07 4.39
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Portfolio Components Correlation

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.
COMPONENTS MONTHLY CORRELATIONS
Monthly correlations as of 30 April 2024
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If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

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.

BILL BERNSTEIN SHELTERED SAM 50/50 PORTFOLIO
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 May 1994 - 30 April 2024 (30 Years)
Data Source: 1 January 1985 - 30 April 2024 (~39 years)
Inflation Adjusted:
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Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

BILL BERNSTEIN SHELTERED SAM 50/50 PORTFOLIO
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 May 1994 - 30 April 2024 (30 Years)
Data Source: 1 January 1985 - 30 April 2024 (~39 years)
Inflation Adjusted:

If you need a deeper detail about rolling returns, please refer to the Bill Bernstein Sheltered Sam 50/50 Portfolio: Rolling Returns page.

Seasonality

In which months is it better to invest in Bill Bernstein Sheltered Sam 50/50 Portfolio?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
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Monthly Returns

This section provides a visual/tabular representation of the performance variability in the Bill Bernstein Sheltered Sam 50/50 Portfolio over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

BILL BERNSTEIN SHELTERED SAM 50/50 PORTFOLIO
Monthly Returns Distribution
Data Source: 1 May 1994 - 30 April 2024 (30 Years)
Data Source: 1 January 1985 - 30 April 2024 (~39 years)
241 Positive Months (67%) - 119 Negative Months (33%)
323 Positive Months (68%) - 149 Negative Months (32%)
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(Scroll down to see all data)
Investment Returns, up to December 2010, have been derived using the historical series of equivalent ETFs / Assets, instead of the actual ETFs of the portfolio.
You can find additional information on extended Data Sources here.

In particular, the series derived from equivalent datasets are:
  • VTV - Vanguard Value (VTV), up to December 2004
  • VV - Vanguard Large-Cap (VV), up to December 2004
  • IJS - iShares S&P Small-Cap 600 Value (IJS), up to December 2000
  • VNQ - Vanguard Real Estate (VNQ), up to December 2004
  • EFV - iShares MSCI EAFE Value (EFV), up to December 2005
  • EEM - iShares MSCI Emerging Markets (EEM), up to December 2003
  • IJR - iShares Core S&P Small-Cap (IJR), up to December 2000
  • VGK - Vanguard FTSE Europe (VGK), up to December 2005
  • VPL - Vanguard FTSE Pacific (VPL), up to December 2005
  • SHY - iShares 1-3 Year Treasury Bond (SHY), up to December 2002
  • TIP - iShares TIPS Bond (TIP), up to December 2003
  • GLTR - Aberdeen Standard Physical Precious Metals Basket Shares (GLTR), up to December 2010

Portfolio efficiency

The following portfolios granted a higher return over 30 Years and a less severe drawdown at the same time.

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In the following table, you can compare the current portfolio with a list of famous portfolios. Metrics are calculated over the last 30 Years.

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