Dedalo Invest Dedalo Eleven 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 08 2024
PORTFOLIO • LIVE PERFORMANCE (USD currency)
0.12%
1 Day
May 08 2024
2.70%
Current Month
May 2024

The Dedalo Invest Dedalo Eleven Portfolio is a Very High Risk portfolio and can be implemented with 9 ETFs.

It's exposed for 80% on the Stock Market.

In the last 30 Years, the Dedalo Invest Dedalo Eleven Portfolio obtained a 8.33% compound annual return, with a 12.72% standard deviation.

Table of contents
Mastering Etf Investing
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Mastering ETF Investing
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About the Author

Dedalo Invest offers a wide range of tools for portfolio analysis and replication. Dedalo Invest’s database includes both actively and passively managed funds, such as ETFs. Users can access all articles, some ebooks, and many analysis services for free (with some limitations).

The main services of Dedalo Invest are:

  • Hourly-based financial consulting, which minimizes potential conflicts of interest between the client and the consultant/coach;
  • Dollar cost averaging (DCA) and Value Averaging (VA) analysis, linear correlation analysis, relative strength analysis and many others.
  • Model portfolios.

Portfolio Overview

The Dedalo Eleven Lazy portfolio, in its original composition for EU investors, is composed by 11 ETFs. In its US version, it can be implemented with only 9 ETFs.

The portfolio is described in detail in the official Dedalo Invest page.

Asset Allocation and ETFs

The Dedalo Invest Dedalo Eleven Portfolio has the following asset allocation:

80% Stocks
20% Fixed Income
0% Commodities

The Dedalo Invest Dedalo Eleven Portfolio can be implemented with the following ETFs:

Weight
(%)		 Investment Themes (Orig.Currency) ETF
Ticker		 ETF
Currency		 ETF Name
56.00 Equity, U.S., Large Cap (USD)
VTI
USD Vanguard Total Stock Market
8.00 Equity, Emerging Markets, Large Cap (USD)
EEM
USD iShares MSCI Emerging Markets
4.00 Equity, Broad Asia, Large Cap (USD)
AAXJ
USD iShares MSCI All Country Asia ex-Japan ETF
4.00 Equity, Japan, Large Cap (USD)
EWJ
USD iShares MSCI Japan ETF
4.00 Equity, Switzerland, Large Cap (USD)
EWL
USD iShares MSCI Switzerland ETF
4.00 Equity, United Kingdom, Large Cap (USD)
EWU
USD iShares MSCI United Kingdom ETF
7.00 Bond, Developed Markets, All-Term (USD)
WIP
USD SPDR FTSE International Govt Infl-Protd Bond ETF
7.00 Bond, Developed Markets, All-Term (USD)
BNDX
USD Vanguard Total International Bond
6.00 Bond, U.S., All-Term (USD)
BND
USD Vanguard Total Bond Market

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 Dedalo Invest Dedalo Eleven 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.
DEDALO INVEST DEDALO ELEVEN PORTFOLIO
Consolidated returns as of 30 April 2024
Live Update: May 08 2024
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)
Dedalo Invest Dedalo Eleven Portfolio -0.12 2.70 -3.28 15.88 13.73 7.73 7.69 8.33 9.98
US Inflation Adjusted return -3.28 14.14 10.38 3.47 4.74 5.65 6.99
Components
VTI
USD Vanguard Total Stock Market -0.07 May 08 2024 3.09 -4.34 20.73 21.94 12.27 11.72 10.29 11.15
EEM
USD iShares MSCI Emerging Markets 0.02 May 08 2024 3.15 -0.22 13.84 7.61 0.91 2.14 4.84 8.69
AAXJ
USD iShares MSCI All Country Asia ex-Japan ETF -0.06 May 08 2024 3.16 0.58 12.88 4.53 0.67 3.30 4.35 7.51
EWJ
USD iShares MSCI Japan ETF -1.26 May 08 2024 1.14 -5.72 15.70 16.76 5.76 5.94 1.66 4.18
EWL
USD iShares MSCI Switzerland ETF 0.68 May 08 2024 4.01 -4.71 8.21 -3.56 6.68 4.87 7.66 9.91
EWU
USD iShares MSCI United Kingdom ETF 0.25 May 08 2024 3.05 1.43 16.39 6.65 4.40 2.04 5.49 7.09
WIP
USD SPDR FTSE International Govt Infl-Protd Bond ETF -0.69 May 08 2024 1.61 -2.75 4.61 -2.75 -1.32 -0.91 3.46 5.15
BNDX
USD Vanguard Total International Bond -0.10 May 08 2024 0.99 -1.40 5.25 3.50 0.01 1.97 4.85 6.54
BND
USD Vanguard Total Bond Market -0.24 May 08 2024 1.33 -2.41 4.92 -1.40 -0.16 1.16 4.25 5.63
Returns over 1 year are annualized | Available data source: since Jan 1985
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Mar 2024. Pending updates, the monthly inflation is set at 0% for the subsequent periods. Current inflation (annualized) is 1Y: 3.04% , 5Y: 4.11% , 10Y: 2.82% , 30Y: 2.54%
Live update: World Markets and Indexes

In 2023, the Dedalo Invest Dedalo Eleven Portfolio granted a 2.70% dividend yield. If you are interested in getting periodic income, please refer to the Dedalo Invest Dedalo Eleven Portfolio: Dividend Yield page.

Capital Growth as of Apr 30, 2024

An investment of 1$, since May 1994, now would be worth 11.02$, with a total return of 1002.13% (8.33% annualized).

The Inflation Adjusted Capital now would be 5.20$, with a net total return of 419.59% (5.65% annualized).
An investment of 1$, since January 1985, now would be worth 42.15$, with a total return of 4115.11% (9.98% annualized).

The Inflation Adjusted Capital now would be 14.24$, with a net total return of 1324.25% (6.99% annualized).
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Portfolio Metrics as of Apr 30, 2024

Metrics of Dedalo Invest Dedalo Eleven Portfolio, updated as of 30 April 2024.

Metrics are calculated based on monthly returns, assuming:
DEDALO INVEST DEDALO ELEVEN 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 (%) -3.28 2.66 15.88 13.73 2.40 7.73 7.69 7.96 8.33 9.98
Infl. Adjusted Return (%) details -3.28 1.83 14.14 10.38 -2.83 3.47 4.74 5.24 5.65 6.99
US Inflation (%) 0.00 0.82 1.53 3.04 5.39 4.11 2.82 2.59 2.54 2.80
Pending updates, the monthly inflation after Mar 2024 is set at 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -8.80 -23.40 -23.40 -23.40 -44.63 -44.63 -44.63
Start to Recovery (# months) details 5 26 26 26 40 40 40
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 17 17 17 24 24 24
End (yyyy mm) 2023 12 2024 02 2024 02 2024 02 2011 02 2011 02 2011 02
Longest Drawdown Depth (%)
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest		 -31.29 -31.29
Start to Recovery (# months) details 56 56
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 11 2000 04 2000 04
Start to Bottom (# months) 3 9 9 9 16 30 30
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2002 09 2002 09
Bottom to End (# months) 2 17 17 17 24 26 26
End (yyyy mm) 2023 12 2024 02 2024 02 2024 02 2011 02 2004 11 2004 11
Longest negative period (# months) details 6 30 34 34 59 116 116
Period Start (yyyy mm) 2023 05 2021 05 2021 01 2021 01 2004 05 1999 07 1999 07
Period End (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2009 03 2009 02 2009 02
Annualized Return (%) -3.68 -3.00 -0.24 -0.24 -0.53 -0.24 -0.24
Deepest Drawdown Depth (%) -9.66 -28.18 -28.18 -28.18 -45.55 -45.55 -45.55
Start to Recovery (# months) details 5 32* 32* 32* 63 63 63
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 47 47 47
End (yyyy mm) 2023 12 - - - 2013 01 2013 01 2013 01
Longest Drawdown Depth (%)
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest		 -35.01 -35.01
Start to Recovery (# months) details 69 69
Start (yyyy mm) 2023 08 2021 09 2021 09 2021 09 2007 11 2000 04 2000 04
Start to Bottom (# months) 3 13 13 13 16 30 30
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2002 09 2002 09
Bottom to End (# months) 2 19 19 19 47 39 39
End (yyyy mm) 2023 12 - - - 2013 01 2005 12 2005 12
Longest negative period (# months) details 6 36* 47 57 68 140 140
Period Start (yyyy mm) 2023 05 2021 05 2019 12 2018 01 2006 02 1997 07 1997 07
Period End (yyyy mm) 2023 10 2024 04 2023 10 2022 09 2011 09 2009 02 2009 02
Annualized Return (%) -6.48 -2.83 -0.11 -0.22 -0.19 -0.25 -0.25
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 12.88 14.50 15.09 12.50 12.87 12.72 12.74
Sharpe Ratio 0.66 -0.02 0.38 0.51 0.51 0.48 0.47
Sortino Ratio 0.95 -0.02 0.52 0.69 0.67 0.62 0.61
Ulcer Index 3.27 10.38 8.62 6.62 10.04 10.65 9.67
Ratio: Return / Standard Deviation 1.07 0.17 0.51 0.62 0.62 0.65 0.78
Ratio: Return / Deepest Drawdown 1.56 0.10 0.33 0.33 0.18 0.19 0.22
% Positive Months details 50% 55% 60% 64% 64% 63% 65%
Positive Months 6 20 36 77 154 230 308
Negative Months 6 16 24 43 86 130 164
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 7.69 12.97 12.97 15.51
Worst 10 Years Return (%) - Annualized 5.49 0.92 0.92
Best 10 Years Return (%) - Annualized 4.74 11.02 11.02 12.31
Worst 10 Years Return (%) - Annualized 3.65 -1.63 -1.63
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 50.89 23.30 19.40 12.97 9.08 8.33
Worst Rolling Return (%) - Annualized -38.28 -10.97 -2.65 0.92 5.14
% Positive Periods 77% 86% 97% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 76.06 25.73 16.19 8.97 5.59 7.45
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.50 6.01
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 47.72 20.42 16.86 11.02 6.69 5.65
Worst Rolling Return (%) - Annualized -38.28 -13.10 -5.16 -1.63 3.00
% Positive Periods 73% 79% 87% 97% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 76.06 25.73 16.19 8.97 5.59 7.45
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.50 6.01
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 50.89 23.30 19.40 15.51 12.36 10.71
Worst Rolling Return (%) - Annualized -38.28 -10.97 -2.65 0.92 5.14 7.83
% Positive Periods 79% 89% 98% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 76.06 25.73 16.19 8.97 5.59 6.83
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.50 5.39
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 47.72 20.42 16.86 12.31 9.06 7.77
Worst Rolling Return (%) - Annualized -38.28 -13.10 -5.16 -1.63 3.00 5.18
% Positive Periods 75% 84% 90% 98% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 76.06 25.73 16.19 8.97 5.59 6.83
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.50 5.39
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
Swipe left to see all data

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.

DEDALO INVEST DEDALO ELEVEN 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.

DEDALO INVEST DEDALO ELEVEN 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 Dedalo Invest Dedalo Eleven Portfolio: Rolling Returns page.

Seasonality

In which months is it better to invest in Dedalo Invest Dedalo Eleven 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 Dedalo Invest Dedalo Eleven Portfolio over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

DEDALO INVEST DEDALO ELEVEN PORTFOLIO
Monthly Returns Distribution
Data Source: 1 May 1994 - 30 April 2024 (30 Years)
Data Source: 1 January 1985 - 30 April 2024 (~39 years)
230 Positive Months (64%) - 130 Negative Months (36%)
308 Positive Months (65%) - 164 Negative Months (35%)
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(Scroll down to see all data)
Investment Returns, up to December 2013, 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:
  • VTI - Vanguard Total Stock Market (VTI), up to December 2001
  • EEM - iShares MSCI Emerging Markets (EEM), up to December 2003
  • AAXJ - iShares MSCI All Country Asia ex-Japan ETF (AAXJ), up to August 2008
  • EWJ - iShares MSCI Japan ETF (EWJ), up to December 1996
  • EWL - iShares MSCI Switzerland ETF (EWL), up to December 1996
  • EWU - iShares MSCI United Kingdom ETF (EWU), up to December 1996
  • WIP - SPDR FTSE International Govt Infl-Protd Bond ETF (WIP), up to March 2008
  • BNDX - Vanguard Total International Bond (BNDX), up to December 2013
  • BND - Vanguard Total Bond Market (BND), up to December 2007

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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