Dynamic 60/40 Income Portfolio: ETF allocation and returns

Data Source: from January 1992 to November 2023 (~32 years)
Consolidated Returns as of 30 November 2023
Live Update: Dec 01 2023
PORTFOLIO • LIVE PERFORMANCE (USD currency)
1.10%
1 Day
Dec 01 2023
1.10%
Current Month
December 2023

The Dynamic 60/40 Income Portfolio is a High Risk portfolio and can be implemented with 5 ETFs.

It's exposed for 60% on the Stock Market.

In the last 30 Years, the Dynamic 60/40 Income Portfolio obtained a 6.84% compound annual return, with a 9.33% standard deviation.

Table of contents

Asset Allocation and ETFs

The Dynamic 60/40 Income Portfolio has the following asset allocation:

60% Stocks
40% Fixed Income
0% Commodities

The Dynamic 60/40 Income Portfolio can be implemented with the following ETFs:

Weight (%) Ticker Currency ETF Name Investment Themes
20.00
PFF
USD iShares Preferred and Income Securities ETF Preferred Stock, U.S.
20.00
VTI
USD Vanguard Total Stock Market Equity, U.S., Large Cap
20.00
VNQ
USD Vanguard Real Estate Real Estate, U.S.
20.00
SHY
USD iShares 1-3 Year Treasury Bond Bond, U.S., Short Term
20.00
HYG
USD iShares iBoxx $ High Yield Corporate Bond Bond, U.S., Intermediate-Term

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 Nov 30, 2023

The Dynamic 60/40 Income Portfolio guaranteed the following returns.

Returns are calculated in USD, assuming: December 2023 return is calculated on the hypothesis of a newly built portfolio, with the starting asset allocation.
DYNAMIC 60/40 INCOME PORTFOLIO
Consolidated returns as of 30 November 2023
Live Update: Dec 01 2023
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Nov 30, 2023
  1 Day Time ET(*) Dec 2023 1M 6M 1Y 5Y 10Y 30Y MAX
(~32Y)
Dynamic 60/40 Income Portfolio 1.10 1.10 6.99 5.09 4.22 4.74 5.24 6.84 7.26
US Inflation Adjusted return 6.99 3.88 0.85 0.65 2.36 4.21 4.60
Components
PFF
USD iShares Preferred and Income Securities ETF 1.10 Dec 01 2023 1.10 7.92 3.92 1.66 2.39 3.44 5.55 6.39
VTI
USD Vanguard Total Stock Market 0.84 Dec 01 2023 0.84 9.42 10.04 12.72 11.71 11.16 9.90 9.86
VNQ
USD Vanguard Real Estate 2.46 Dec 01 2023 2.46 12.08 4.30 -2.99 3.66 6.41 8.34 8.90
SHY
USD iShares 1-3 Year Treasury Bond 0.29 Dec 01 2023 0.29 1.05 1.53 2.96 1.04 0.77 3.00 3.21
HYG
USD iShares iBoxx $ High Yield Corporate Bond 0.83 Dec 01 2023 0.83 4.88 5.29 5.68 3.00 3.09 5.33 5.96
Returns over 1 year are annualized | Available data source: since Jan 1992
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Oct 2023. Waiting for updates, inflation of Nov 2023 is set to 0%. Current inflation (annualized) is 1Y: 3.35% , 5Y: 4.07% , 10Y: 2.82% , 30Y: 2.52%

In 2022, the Dynamic 60/40 Income Portfolio granted a 2.82% dividend yield. If you are interested in getting periodic income, please refer to the Dynamic 60/40 Income Portfolio: Dividend Yield page.

Capital Growth as of Nov 30, 2023

An investment of 1$, since December 1993, now would be worth 7.27$, with a total return of 627.15% (6.84% annualized).

The Inflation Adjusted Capital now would be 3.45$, with a net total return of 244.58% (4.21% annualized).
An investment of 1$, since January 1992, now would be worth 9.37$, with a total return of 837.49% (7.26% annualized).

The Inflation Adjusted Capital now would be 4.20$, with a net total return of 320.19% (4.60% annualized).

Portfolio Metrics as of Nov 30, 2023

Metrics of Dynamic 60/40 Income Portfolio, updated as of 30 November 2023.

Metrics are calculated based on monthly returns, assuming:
DYNAMIC 60/40 INCOME PORTFOLIO
Advanced Metrics
Data Source: 1 January 1992 - 30 November 2023 (~32 years)
Swipe left to see all data
Metrics as of Nov 30, 2023
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~32Y)
Investment Return (%) 6.99 1.28 5.09 4.22 2.23 4.74 5.24 5.87 6.84 7.26
Infl. Adjusted Return (%) details 6.99 1.07 3.88 0.85 -3.32 0.65 2.36 3.19 4.21 4.60
US Inflation (%) 0.00 0.21 1.17 3.35 5.74 4.07 2.82 2.59 2.52 2.55
Waiting for updates, inflation of Nov 2023 is temporarily set to 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -6.45 -18.21 -18.21 -18.21 -41.44 -41.44 -41.44
Start to Recovery (# months) details 4 23* 23* 23* 40 40 40
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 06 2007 06 2007 06
Start to Bottom (# months) 3 9 9 9 21 21 21
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2009 02 2009 02
Bottom to End (# months) 1 14 14 14 19 19 19
End (yyyy mm) 2023 11 - - - 2010 09 2010 09 2010 09
Longest Drawdown Depth (%) -3.78
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details 6
Start (yyyy mm) 2023 02 2022 01 2022 01 2022 01 2007 06 2007 06 2007 06
Start to Bottom (# months) 4 9 9 9 21 21 21
Bottom (yyyy mm) 2023 05 2022 09 2022 09 2022 09 2009 02 2009 02 2009 02
Bottom to End (# months) 2 14 14 14 19 19 19
End (yyyy mm) 2023 07 - - - 2010 09 2010 09 2010 09
Longest negative period (# months) details 11 35 35 35 64 87 87
Period Start (yyyy mm) 2022 12 2020 12 2020 12 2020 12 2003 12 2001 12 2001 12
Period End (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2009 03 2009 02 2009 02
Annualized Return (%) -2.82 -0.05 -0.05 -0.05 -2.15 -0.01 -0.01
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -8.10 -23.38 -23.38 -23.38 -43.39 -43.39 -43.39
Start to Recovery (# months) details 10* 23* 23* 23* 49 49 49
Start (yyyy mm) 2023 02 2022 01 2022 01 2022 01 2007 02 2007 02 2007 02
Start to Bottom (# months) 9 22 22 22 25 25 25
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2009 02 2009 02 2009 02
Bottom to End (# months) 1 1 1 1 24 24 24
End (yyyy mm) - - - - 2011 02 2011 02 2011 02
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 02 2022 01 2022 01 2022 01 2007 02 2007 02 2007 02
Start to Bottom (# months) 9 22 22 22 25 25 25
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2009 02 2009 02 2009 02
Bottom to End (# months) 1 1 1 1 24 24 24
End (yyyy mm) - - - - 2011 02 2011 02 2011 02
Longest negative period (# months) details 11 36* 59 87 87 139 139
Period Start (yyyy mm) 2022 12 2020 12 2018 12 2016 08 2016 08 1997 08 1997 08
Period End (yyyy mm) 2023 10 2023 11 2023 10 2023 10 2023 10 2009 02 2009 02
Annualized Return (%) -6.24 -3.32 -0.72 -0.10 -0.10 -0.25 -0.25
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 11.73 11.40 11.79 9.11 10.69 9.33 9.12
Sharpe Ratio -0.06 0.03 0.26 0.46 0.43 0.49 0.36
Sortino Ratio -0.09 0.04 0.35 0.62 0.56 0.65 0.47
Ulcer Index 2.88 9.65 7.93 5.75 8.07 6.70 6.50
Ratio: Return / Standard Deviation 0.36 0.20 0.40 0.58 0.55 0.73 0.80
Ratio: Return / Deepest Drawdown 0.65 0.12 0.26 0.29 0.14 0.16 0.18
% Positive Months details 41% 55% 63% 66% 66% 67% 67%
Positive Months 5 20 38 80 159 242 260
Negative Months 7 16 22 40 81 118 123
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 5.24 11.81 11.81 11.81
Worst 10 Years Return (%) - Annualized 4.51 1.60 1.60
Best 10 Years Return (%) - Annualized 2.36 9.87 9.87 9.87
Worst 10 Years Return (%) - Annualized 1.67 -0.96 -0.96
ROLLING PERIOD RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 57.27 24.89 18.49 11.81 8.51 6.84
Worst Rolling Return (%) - Annualized -36.55 -12.45 -4.51 1.60 5.59
% Positive Periods 85% 93% 98% 100% 100% 100%
Best Rolling Return (%) - Annualized 53.97 21.99 16.12 9.87 6.07 4.21
Worst Rolling Return (%) - Annualized -36.69 -14.35 -6.97 -0.96 2.93
% Positive Periods 79% 85% 93% 99% 100% 100%
Over all the available data source (Jan 1992 - Nov 2023)
Best Rolling Return (%) - Annualized 57.27 24.89 18.49 11.81 8.51 8.11
Worst Rolling Return (%) - Annualized -36.55 -12.45 -4.51 1.60 5.59 6.53
% Positive Periods 85% 93% 98% 100% 100% 100%
Best Rolling Return (%) - Annualized 53.97 21.99 16.12 9.87 6.07 5.60
Worst Rolling Return (%) - Annualized -36.69 -14.35 -6.97 -0.96 2.93 3.91
% Positive Periods 79% 86% 93% 99% 100% 100%
WITHDRAWAL RATES (WR)
1Y 3Y 5Y 10Y 20Y 30Y MAX
Safe WR (%) 33.01 21.72 12.19 7.03 6.49 7.60
Perpetual WR (%) 0.00 0.64 2.31 3.10 4.04 4.40
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 original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
  • Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).
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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 November 2023
Swipe left to see all data
Asset
PFF
VTI
VNQ
SHY
HYG
PFF
-
0.80
0.92
0.27
0.81
VTI
0.80
-
0.93
0.39
0.92
VNQ
0.92
0.93
-
0.40
0.93
SHY
0.27
0.39
0.40
-
0.67
HYG
0.81
0.92
0.93
0.67
-
Asset
PFF
VTI
VNQ
SHY
HYG
PFF
-
0.81
0.85
0.18
0.85
VTI
0.81
-
0.87
0.08
0.86
VNQ
0.85
0.87
-
0.10
0.81
SHY
0.18
0.08
0.10
-
0.27
HYG
0.85
0.86
0.81
0.27
-
Asset
PFF
VTI
VNQ
SHY
HYG
PFF
-
0.73
0.77
0.18
0.78
VTI
0.73
-
0.75
0.01
0.82
VNQ
0.77
0.75
-
0.16
0.69
SHY
0.18
0.01
0.16
-
0.23
HYG
0.78
0.82
0.69
0.23
-
Asset
PFF
VTI
VNQ
SHY
HYG
PFF
-
0.47
0.52
0.09
0.65
VTI
0.47
-
0.63
-0.14
0.69
VNQ
0.52
0.63
-
-0.02
0.69
SHY
0.09
-0.14
-0.02
-
0.02
HYG
0.65
0.69
0.69
0.02
-
Asset
PFF
VTI
VNQ
SHY
HYG
PFF
-
0.46
0.52
0.10
0.65
VTI
0.46
-
0.63
-0.13
0.68
VNQ
0.52
0.63
-
0.00
0.68
SHY
0.10
-0.13
0.00
-
0.05
HYG
0.65
0.68
0.68
0.05
-

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.

DYNAMIC 60/40 INCOME PORTFOLIO
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1992 - 30 November 2023 (~32 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-41.44% Jun 2007 Feb 2009 21 Sep 2010 19 40 16.67
-18.21% Jan 2022 Sep 2022 9 in progress 14 23 11.96
-14.24% Feb 2020 Mar 2020 2 Nov 2020 8 10 5.81
-10.41% Jun 2011 Sep 2011 4 Jan 2012 4 8 4.57
-7.02% Jul 1998 Aug 1998 2 Dec 1998 4 6 3.48
-6.80% Feb 1994 Nov 1994 10 Apr 1995 5 15 3.87
-6.80% Sep 2018 Dec 2018 4 Feb 2019 2 6 3.15
-6.19% Apr 2002 Oct 2002 7 Apr 2003 6 13 2.86
-4.42% Apr 2015 Sep 2015 6 Mar 2016 6 12 2.43
-4.29% Apr 2004 Apr 2004 1 Sep 2004 5 6 2.49
-3.78% May 2013 Aug 2013 4 Oct 2013 2 6 2.06
-3.60% Sep 2000 Nov 2000 3 Jan 2001 2 5 1.70
-3.30% Jul 1999 Sep 1999 3 Dec 1999 3 6 1.93
-3.29% Sep 2001 Sep 2001 1 Nov 2001 2 3 2.05
-3.09% May 2012 May 2012 1 Jun 2012 1 2 1.78
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-43.39% Feb 2007 Feb 2009 25 Feb 2011 24 49 17.64
-23.38% Jan 2022 Oct 2023 22 in progress 1 23 17.68
-14.29% Feb 2020 Mar 2020 2 Nov 2020 8 10 5.80
-10.94% May 2011 Sep 2011 5 Jan 2012 4 9 4.59
-8.98% Feb 1994 Nov 1994 10 May 1995 6 16 5.32
-7.48% Apr 2002 Oct 2002 7 Apr 2003 6 13 3.90
-7.24% Jul 1998 Aug 1998 2 Jan 1999 5 7 3.50
-6.46% Sep 2018 Dec 2018 4 Feb 2019 2 6 3.09
-5.68% Mar 2015 Sep 2015 7 Jun 2016 9 16 2.97
-4.59% Apr 2004 Apr 2004 1 Oct 2004 6 7 2.92
-4.34% May 2013 Aug 2013 4 Oct 2013 2 6 2.43
-4.32% Sep 2000 Nov 2000 3 Jan 2001 2 5 2.16
-4.28% Jul 1999 Sep 1999 3 Jun 2000 9 12 2.13
-3.90% Aug 2005 Oct 2005 3 Jan 2006 3 6 1.80
-3.73% Sep 2001 Sep 2001 1 Nov 2001 2 3 2.26
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-41.44% Jun 2007 Feb 2009 21 Sep 2010 19 40 16.67
-18.21% Jan 2022 Sep 2022 9 in progress 14 23 11.96
-14.24% Feb 2020 Mar 2020 2 Nov 2020 8 10 5.81
-10.41% Jun 2011 Sep 2011 4 Jan 2012 4 8 4.57
-7.02% Jul 1998 Aug 1998 2 Dec 1998 4 6 3.48
-6.80% Feb 1994 Nov 1994 10 Apr 1995 5 15 3.87
-6.80% Sep 2018 Dec 2018 4 Feb 2019 2 6 3.15
-6.19% Apr 2002 Oct 2002 7 Apr 2003 6 13 2.86
-4.42% Apr 2015 Sep 2015 6 Mar 2016 6 12 2.43
-4.29% Apr 2004 Apr 2004 1 Sep 2004 5 6 2.49
-3.78% May 2013 Aug 2013 4 Oct 2013 2 6 2.06
-3.60% Sep 2000 Nov 2000 3 Jan 2001 2 5 1.70
-3.30% Jul 1999 Sep 1999 3 Dec 1999 3 6 1.93
-3.29% Sep 2001 Sep 2001 1 Nov 2001 2 3 2.05
-3.09% May 2012 May 2012 1 Jun 2012 1 2 1.78
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-43.39% Feb 2007 Feb 2009 25 Feb 2011 24 49 17.64
-23.38% Jan 2022 Oct 2023 22 in progress 1 23 17.68
-14.29% Feb 2020 Mar 2020 2 Nov 2020 8 10 5.80
-10.94% May 2011 Sep 2011 5 Jan 2012 4 9 4.59
-8.98% Feb 1994 Nov 1994 10 May 1995 6 16 5.32
-7.48% Apr 2002 Oct 2002 7 Apr 2003 6 13 3.90
-7.24% Jul 1998 Aug 1998 2 Jan 1999 5 7 3.50
-6.46% Sep 2018 Dec 2018 4 Feb 2019 2 6 3.09
-5.68% Mar 2015 Sep 2015 7 Jun 2016 9 16 2.97
-4.59% Apr 2004 Apr 2004 1 Oct 2004 6 7 2.92
-4.34% May 2013 Aug 2013 4 Oct 2013 2 6 2.43
-4.32% Sep 2000 Nov 2000 3 Jan 2001 2 5 2.16
-4.28% Jul 1999 Sep 1999 3 Jun 2000 9 12 2.13
-3.90% Aug 2005 Oct 2005 3 Jan 2006 3 6 1.80
-3.73% Sep 2001 Sep 2001 1 Nov 2001 2 3 2.26

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.

DYNAMIC 60/40 INCOME PORTFOLIO
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1992 - 30 November 2023 (~32 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -36.55 03/2008
02/2009
0.63$ -0.12 0.99$ 7.39 1.07$ 16.05 1.16$ 57.27 03/2009
02/2010
1.57$ 4.22 14.90%
2Y -22.81 03/2007
02/2009
0.59$ 2.84 1.05$ 7.60 1.15$ 12.25 1.26$ 36.22 03/2009
02/2011
1.85$ -2.97 9.20%
3Y -12.45 03/2006
02/2009
0.67$ 3.74 1.11$ 7.27 1.23$ 12.05 1.40$ 24.89 03/2009
02/2012
1.94$ 2.23 6.77%
5Y -4.51 03/2004
02/2009
0.79$ 3.93 1.21$ 7.19 1.41$ 10.35 1.63$ 18.49 03/2009
02/2014
2.33$ 4.74 1.66%
7Y -0.10 03/2002
02/2009
0.99$ 5.05 1.41$ 6.92 1.59$ 8.81 1.80$ 13.85 03/2009
02/2016
2.47$ 4.91 0.36%
10Y 1.60 03/1999
02/2009
1.17$ 5.51 1.70$ 6.81 1.93$ 9.21 2.41$ 11.81 03/2009
02/2019
3.05$ 5.24 0.00%
15Y 4.43 03/1994
02/2009
1.91$ 5.82 2.33$ 6.67 2.63$ 7.34 2.89$ 8.18 12/2008
11/2023
3.25$ 8.18 0.00%
20Y 5.59 11/2003
10/2023
2.96$ 6.40 3.45$ 6.88 3.78$ 7.69 4.40$ 8.51 12/1994
11/2014
5.12$ 5.87 0.00%
30Y 6.84 12/1993
11/2023
7.27$ 6.84 7.27$ 6.84 7.27$ 6.84 7.27$ 6.84 12/1993
11/2023
7.27$ 6.84 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -36.69 03/2008
02/2009
0.63$ -2.59 0.97$ 5.18 1.05$ 13.06 1.13$ 53.97 03/2009
02/2010
1.53$ 0.85 20.92%
2Y -24.41 03/2007
02/2009
0.57$ 0.36 1.00$ 5.25 1.10$ 9.81 1.20$ 33.39 03/2009
02/2011
1.77$ -7.77 14.24%
3Y -14.35 03/2006
02/2009
0.62$ 1.01 1.03$ 5.23 1.16$ 9.48 1.31$ 21.99 03/2009
02/2012
1.81$ -3.32 14.15%
5Y -6.97 03/2004
02/2009
0.69$ 0.83 1.04$ 5.11 1.28$ 7.81 1.45$ 16.12 03/2009
02/2014
2.11$ 0.65 6.98%
7Y -2.59 03/2002
02/2009
0.83$ 2.58 1.19$ 4.89 1.39$ 6.42 1.54$ 12.05 03/2009
02/2016
2.21$ 1.34 1.81%
10Y -0.96 03/1999
02/2009
0.90$ 3.06 1.35$ 4.41 1.54$ 6.56 1.88$ 9.87 03/2009
02/2019
2.56$ 2.36 0.83%
15Y 1.89 03/1994
02/2009
1.32$ 3.64 1.70$ 4.36 1.89$ 4.95 2.06$ 5.54 12/2008
11/2023
2.24$ 5.54 0.00%
20Y 2.93 11/2003
10/2023
1.78$ 4.00 2.19$ 4.64 2.47$ 5.36 2.83$ 6.07 02/1995
01/2015
3.24$ 3.19 0.00%
30Y 4.21 12/1993
11/2023
3.44$ 4.21 3.44$ 4.21 3.44$ 4.21 3.44$ 4.21 12/1993
11/2023
3.44$ 4.21 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -36.55 03/2008
02/2009
0.63$ 0.01 1.00$ 7.57 1.07$ 16.34 1.16$ 57.27 03/2009
02/2010
1.57$ 4.22 14.78%
2Y -22.81 03/2007
02/2009
0.59$ 3.05 1.06$ 7.44 1.15$ 12.25 1.26$ 36.22 03/2009
02/2011
1.85$ -2.97 8.61%
3Y -12.45 03/2006
02/2009
0.67$ 3.93 1.12$ 7.62 1.24$ 11.69 1.39$ 24.89 03/2009
02/2012
1.94$ 2.23 6.32%
5Y -4.51 03/2004
02/2009
0.79$ 4.07 1.22$ 7.38 1.42$ 10.90 1.67$ 18.49 03/2009
02/2014
2.33$ 4.74 1.54%
7Y -0.10 03/2002
02/2009
0.99$ 5.17 1.42$ 7.10 1.61$ 9.37 1.87$ 13.85 03/2009
02/2016
2.47$ 4.91 0.33%
10Y 1.60 03/1999
02/2009
1.17$ 5.54 1.71$ 6.88 1.94$ 9.22 2.41$ 11.81 03/2009
02/2019
3.05$ 5.24 0.00%
15Y 4.43 03/1994
02/2009
1.91$ 5.96 2.38$ 6.77 2.67$ 7.64 3.01$ 9.93 02/1992
01/2007
4.13$ 8.18 0.00%
20Y 5.59 11/2003
10/2023
2.96$ 6.45 3.48$ 7.02 3.88$ 7.97 4.63$ 8.51 12/1994
11/2014
5.12$ 5.87 0.00%
30Y 6.53 11/1993
10/2023
6.67$ 6.83 7.25$ 7.02 7.65$ 7.60 9.01$ 8.11 01/1992
12/2021
10.36$ 6.84 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -36.69 03/2008
02/2009
0.63$ -2.46 0.97$ 5.31 1.05$ 13.36 1.13$ 53.97 03/2009
02/2010
1.53$ 0.85 20.97%
2Y -24.41 03/2007
02/2009
0.57$ 0.58 1.01$ 5.14 1.10$ 9.73 1.20$ 33.39 03/2009
02/2011
1.77$ -7.77 13.33%
3Y -14.35 03/2006
02/2009
0.62$ 1.24 1.03$ 5.25 1.16$ 9.29 1.30$ 21.99 03/2009
02/2012
1.81$ -3.32 13.22%
5Y -6.97 03/2004
02/2009
0.69$ 1.07 1.05$ 5.36 1.29$ 8.46 1.50$ 16.12 03/2009
02/2014
2.11$ 0.65 6.48%
7Y -2.59 03/2002
02/2009
0.83$ 2.67 1.20$ 4.97 1.40$ 6.80 1.58$ 12.05 03/2009
02/2016
2.21$ 1.34 1.67%
10Y -0.96 03/1999
02/2009
0.90$ 3.19 1.36$ 4.53 1.55$ 6.57 1.88$ 9.87 03/2009
02/2019
2.56$ 2.36 0.76%
15Y 1.89 03/1994
02/2009
1.32$ 3.77 1.74$ 4.44 1.91$ 5.12 2.11$ 7.17 01/1992
12/2006
2.82$ 5.54 0.00%
20Y 2.93 11/2003
10/2023
1.78$ 4.10 2.23$ 4.79 2.54$ 5.41 2.86$ 6.07 02/1995
01/2015
3.24$ 3.19 0.00%
30Y 3.91 11/1993
10/2023
3.16$ 4.20 3.43$ 4.42 3.65$ 5.02 4.34$ 5.60 01/1992
12/2021
5.12$ 4.21 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the Dynamic 60/40 Income Portfolio: Rolling Returns page.

Seasonality

In which months is it better to invest in Dynamic 60/40 Income 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.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.65
60%
-1.33
40%
-0.96
60%
1.38
80%
-0.05
60%
0.52
80%
2.83
100%
-0.18
60%
-2.44
20%
0.59
60%
3.16
80%
0.18
60%
Best 6.4
2023
1.2
2019
2.6
2021
6.9
2020
2.3
2020
3.2
2023
6.0
2022
1.9
2020
1.0
2019
3.2
2021
7.0
2023
4.1
2021
Worst -4.5
2022
-4.1
2020
-10.6
2020
-4.8
2022
-1.5
2019
-5.5
2022
1.0
2019
-3.7
2022
-6.1
2022
-2.3
2023
-1.4
2021
-4.1
2018
Monthly Seasonality over the period Feb 1992 - Nov 2023
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.92
60%
-0.28
60%
0.02
70%
0.85
80%
0.45
80%
0.61
80%
1.92
90%
-0.02
60%
-1.57
20%
0.50
60%
1.83
70%
0.31
70%
Best 6.4
2023
2.9
2014
4.4
2016
6.9
2020
2.3
2020
3.2
2023
6.0
2022
2.3
2014
1.0
2019
3.7
2015
7.0
2023
4.1
2021
Worst -4.5
2022
-4.1
2020
-10.6
2020
-4.8
2022
-1.5
2019
-5.5
2022
-1.0
2014
-3.7
2022
-6.1
2022
-3.0
2018
-1.4
2021
-4.1
2018
Monthly Seasonality over the period Feb 1992 - Nov 2023
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.82
75%
-0.01
69%
0.69
72%
1.30
72%
0.55
66%
0.38
69%
1.27
72%
0.25
66%
-0.29
50%
0.29
56%
0.83
66%
1.40
84%
Best 6.4
2023
2.9
2010
6.2
2009
13.5
2009
5.9
2009
3.3
2012
7.5
2009
2.7
2004
4.5
2009
7.8
2011
7.0
2023
8.3
2008
Worst -7.7
2009
-12.7
2009
-10.6
2020
-4.8
2022
-4.4
2010
-6.4
2008
-3.2
2007
-5.4
1998
-8.5
2008
-11.8
2008
-8.0
2008
-4.1
2018
Monthly Seasonality over the period Feb 1992 - Nov 2023

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the Dynamic 60/40 Income Portfolio over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

DYNAMIC 60/40 INCOME PORTFOLIO
Monthly Returns Distribution
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1992 - 30 November 2023 (~32 years)
242 Positive Months (67%) - 118 Negative Months (33%)
260 Positive Months (68%) - 123 Negative Months (32%)
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(Scroll down to see all data)
Investment Returns, up to December 2007, are simulated.
They have been derived using the historical series of equivalent ETFs / Assets, instead of the actual ETFs of the portfolio.

In particular, the series derived from equivalent datasets are:
  • PFF - iShares Preferred and Income Securities ETF, up to December 2007
  • VTI - Vanguard Total Stock Market, up to December 2001
  • VNQ - Vanguard Real Estate, up to December 2004
  • SHY - iShares 1-3 Year Treasury Bond, up to December 2002
  • HYG - iShares iBoxx $ High Yield Corporate Bond, 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.

Swipe left to see all data
30 Years Stats (%)
% Allocation
Portfolio Author Return Dev.Std Drawdown Stocks Bonds Comm
Stocks/Bonds 60/40 Momentum +9.34 9.56 -32.52 60 40 0
Stocks/Bonds 80/20 +9.02 12.49 -41.09 80 20 0
Simple Path to Wealth JL Collins +8.78 11.75 -38.53 75 25 0
Aim Bold Strategy Aim Ways +8.24 9.93 -30.09 45 40 15
Weird Portfolio Value Stock Geek +8.02 10.75 -32.97 60 20 20
Talmud Portfolio Roger Gibson +8.01 10.81 -40.17 66.7 33.3 0
Stocks/Bonds 60/40 +7.99 9.61 -30.55 60 40 0
Yale Endowment David Swensen +7.98 10.99 -39.48 70 30 0
Seven Value Scott Burns +7.96 11.31 -41.22 71.5 28.5 0
Couch Potato Scott Burns +7.83 8.76 -27.04 50 50 0
Edge Select Moderately Aggressive Merrill Lynch +7.83 11.16 -38.23 69 31 0
Stocks/Bonds 40/60 Momentum +7.75 6.99 -21.11 40 60 0
Lazy Portfolio David Swensen +7.71 10.88 -40.89 70 30 0
Six Ways from Sunday Scott Burns +7.71 10.91 -39.14 66.7 33.3 0
Sheltered Sam 70/30 Bill Bernstein +7.69 10.70 -39.73 67.9 30 2.1
Jane Bryant Quinn Portfolio Jane Bryant Quinn +7.69 10.78 -39.55 70 30 0
Family Taxable Portfolio Ted Aronson +7.54 11.65 -38.46 70 30 0
Golden Butterfly Tyler +7.46 7.68 -17.79 40 40 20
No Brainer Portfolio Bill Bernstein +7.44 11.73 -40.40 75 25 0
Coffeehouse Bill Schultheis +7.41 9.68 -33.93 60 40 0
Tilt Toward Value Time Inc +7.30 9.42 -34.63 60 40 0
Marc Faber Portfolio Marc Faber +7.22 9.65 -28.82 50 25 25
Dimensional 2030 Retirement Income DFA +7.22 9.25 -31.78 55.9 44.1 0
Pinwheel +7.22 10.50 -36.89 65 25 10
Sheltered Sam 60/40 Bill Bernstein +7.22 9.24 -34.12 58.2 40 1.8
Edge Select Moderate Merrill Lynch +7.20 8.97 -29.58 53 47 0
Five Fold Scott Burns +7.19 9.74 -37.94 60 40 0
All Weather Portfolio Ray Dalio +7.19 7.39 -20.58 30 55 15
Margaritaville Scott Burns +7.18 10.84 -38.70 67 33 0
Robo Advisor 50 Betterment +7.16 9.32 -30.72 49.9 50.1 0
Simple and Cheap Time Inc +7.10 9.41 -34.84 60 40 0
Nano Portfolio John Wasik +7.07 9.66 -36.66 60 40 0
LifeStrategy Moderate Growth Vanguard +7.01 9.53 -33.52 60 40 0
Simple Money Portfolio Tim Maurer +6.99 9.10 -32.39 60 40 0
Sandwich Portfolio Bob Clyatt +6.97 8.32 -28.96 55 45 0
Coward's Portfolio Bill Bernstein +6.93 9.11 -32.68 60 40 0
One-Decision Portfolio Marvin Appel +6.85 8.38 -31.96 50 50 0
Dynamic 40/60 Income +6.84 8.11 -29.84 40 60 0
Dynamic 60/40 Income +6.84 9.33 -41.44 60 40 0

Here's a list containing the Best Classic Portfolios, with the highest returns over 30 Years and High Risk categorization.

Swipe left to see all data
30 Years Stats (%)
% Allocation
Portfolio Author Return Dev.Std Drawdown Stocks Bonds Comm
Stocks/Bonds 60/40 Momentum +9.34 9.56 -32.52 60 40 0
Simple Path to Wealth JL Collins +8.78 11.75 -38.53 75 25 0
Aim Bold Strategy Aim Ways +8.24 9.93 -30.09 45 40 15
Late Sixties and Beyond Burton Malkiel +8.13 11.69 -41.80 71 29 0
Talmud Portfolio Roger Gibson +8.01 10.81 -40.17 66.7 33.3 0
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