Data Source: from January 1985 to November 2023 (~39 years)
Consolidated Returns as of 30 November 2023
Live Update: Dec 01 2023
Consolidated Returns as of 30 November 2023
Live Update: Dec 01 2023
PORTFOLIO • LIVE PERFORMANCE (USD currency)
1.19%
1 Day
Dec 01 2023
1.19%
Current Month
December 2023
The High Yield Bonds Income Portfolio is a Low Risk portfolio and can be implemented with 4 ETFs.
It's exposed for 0% on the Stock Market.
In the last 30 Years, the High Yield Bonds Income Portfolio obtained a 6.42% compound annual return, with a 8.80% standard deviation.
Table of contents
Asset Allocation and ETFs
The High Yield Bonds Income Portfolio has the following asset allocation:
0% Stocks
100% Fixed Income
0% Commodities
The High Yield Bonds Income Portfolio can be implemented with the following ETFs:
| Weight (%) | Ticker | Currency | ETF Name | Investment Themes |
|---|---|---|---|---|
| 25.00 |
EMB
|
USD | iShares JP Morgan USD Em Mkts Bd | Bond, Emerging Markets, All-Term |
| 25.00 |
JNK
|
USD | SPDR Barclays High Yield Bond ETF | Bond, U.S., Intermediate-Term |
| 25.00 |
SPLB
|
USD | SPDR Portfolio Long Term Corporate Bond ETF | Bond, U.S., Long-Term |
| 25.00 |
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 High Yield Bonds Income Portfolio guaranteed the following returns.
Returns are calculated in USD, assuming:
- no fees or capital gain taxes.
- a rebalancing of the components at every January 1st. How do returns change with different rebalancing strategies?
- the reinvestment of dividends.
HIGH YIELD BONDS 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
(~39Y) |
|||
| High Yield Bonds Income Portfolio | 1.19 | 1.19 | 6.64 | 3.70 | 4.49 | 2.24 | 2.92 | 6.42 | 7.68 | |||
| US Inflation Adjusted return | 6.64 | 2.50 | 1.11 | -1.76 | 0.10 | 3.80 | 4.75 | |||||
| Components | ||||||||||||
|
EMB
|
USD | iShares JP Morgan USD Em Mkts Bd | 1.53 | Dec 01 2023 | 1.53 | 6.23 | 3.86 | 4.00 | 0.79 | 2.25 | 8.75 | 9.37 |
|
JNK
|
USD | SPDR Barclays High Yield Bond ETF | 0.84 | Dec 01 2023 | 0.84 | 4.81 | 5.52 | 6.72 | 3.18 | 2.93 | 5.24 | 6.76 |
|
SPLB
|
USD | SPDR Portfolio Long Term Corporate Bond ETF | 1.55 | Dec 01 2023 | 1.55 | 11.01 | 0.16 | 1.52 | 1.72 | 3.11 | 5.66 | 7.16 |
|
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 | 6.82 |
Returns over 1 year are annualized | Available data source: since Jan 1985
(*) 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%
Live update: World Markets and Indexes
In 2022, the High Yield Bonds Income Portfolio granted a 4.25% dividend yield. If you are interested in getting periodic income, please refer to the High Yield Bonds Income Portfolio: Dividend Yield page.
Capital Growth as of Nov 30, 2023
An investment of 1$, since December 1993,
now would be worth 6.46$, with a total return of 546.13% (6.42% annualized).
The Inflation Adjusted Capital now would be 3.06$, with a net total return of 206.19% (3.80% annualized).
The Inflation Adjusted Capital now would be 3.06$, with a net total return of 206.19% (3.80% annualized).
An investment of 1$, since January 1985,
now would be worth 17.80$, with a total return of 1679.78% (7.68% annualized).
The Inflation Adjusted Capital now would be 6.09$, with a net total return of 509.13% (4.75% annualized).
The Inflation Adjusted Capital now would be 6.09$, with a net total return of 509.13% (4.75% annualized).
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Portfolio Metrics as of Nov 30, 2023
Metrics of High Yield Bonds Income Portfolio, updated as of 30 November 2023.
Metrics are calculated based on monthly returns, assuming:
- no fees or capital gain taxes.
- a rebalancing of the components at every January 1st. How do returns change with different rebalancing strategies?
- the reinvestment of dividends.
HIGH YIELD BONDS INCOME PORTFOLIO
Advanced Metrics
Data Source: 1 January 1985 - 30 November 2023 (~39 years)
Swipe left to see all data
| Metrics as of Nov 30, 2023 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | 20Y | 30Y |
MAX
(~39Y) |
|
| Investment Return (%) | 6.64 | 1.57 | 3.70 | 4.49 | -3.25 | 2.24 | 2.92 | 4.94 | 6.42 | 7.68 |
| Infl. Adjusted Return (%) details | 6.64 | 1.35 | 2.50 | 1.11 | -8.50 | -1.76 | 0.10 | 2.29 | 3.80 | 4.75 |
| US Inflation (%) | 0.00 | 0.21 | 1.17 | 3.35 | 5.74 | 4.07 | 2.82 | 2.59 | 2.52 | 2.79 |
| 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 (%) | -5.58 | -21.84 | -21.84 | -21.84 | -23.97 | -23.97 | -23.97 | |||
| Start to Recovery (# months) details | 4 | 27* | 27* | 27* | 21 | 21 | 21 | |||
| 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 | 12 | 12 | 12 | |||
| Bottom (yyyy mm) | 2023 10 | 2022 09 | 2022 09 | 2022 09 | 2008 10 | 2008 10 | 2008 10 | |||
| Bottom to End (# months) | 1 | 14 | 14 | 14 | 9 | 9 | 9 | |||
| End (yyyy mm) | 2023 11 | - | - | - | 2009 07 | 2009 07 | 2009 07 | |||
| Longest Drawdown Depth (%) | -3.28 |
same as deepest |
same as deepest |
same as deepest |
-21.84 | -21.84 | -21.84 | |||
| Start to Recovery (# months) details | 6 | 27* | 27* | 27* | ||||||
| Start (yyyy mm) | 2023 02 | 2021 09 | 2021 09 | 2021 09 | 2021 09 | 2021 09 | 2021 09 | |||
| Start to Bottom (# months) | 1 | 13 | 13 | 13 | 13 | 13 | 13 | |||
| Bottom (yyyy mm) | 2023 02 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | |||
| Bottom to End (# months) | 5 | 14 | 14 | 14 | 14 | 14 | 14 | |||
| End (yyyy mm) | 2023 07 | - | - | - | - | - | - | |||
| Longest negative period (# months) details | 11 | 36* | 56 | 65 | 65 | 65 | 65 | |||
| Period Start (yyyy mm) | 2022 12 | 2020 12 | 2019 03 | 2017 05 | 2017 05 | 2017 05 | 2017 05 | |||
| Period End (yyyy mm) | 2023 10 | 2023 11 | 2023 10 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | |||
| Annualized Return (%) | -2.20 | -3.25 | -0.11 | -0.11 | -0.11 | -0.11 | -0.11 | |||
| Drawdowns / Negative periods marked with * are in progress | ||||||||||
| Deepest Drawdown Depth (%) | -7.38 | -30.40 | -30.40 | -30.40 | -30.40 | -30.40 | -30.40 | |||
| Start to Recovery (# months) details | 10* | 35* | 35* | 35* | 35* | 35* | 35* | |||
| Start (yyyy mm) | 2023 02 | 2021 01 | 2021 01 | 2021 01 | 2021 01 | 2021 01 | 2021 01 | |||
| Start to Bottom (# months) | 9 | 21 | 21 | 21 | 21 | 21 | 21 | |||
| Bottom (yyyy mm) | 2023 10 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | |||
| Bottom to End (# months) | 1 | 14 | 14 | 14 | 14 | 14 | 14 | |||
| End (yyyy mm) | - | - | - | - | - | - | - | |||
| 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 | 2021 01 | 2021 01 | 2021 01 | 2021 01 | 2021 01 | 2021 01 | |||
| Start to Bottom (# months) | 9 | 21 | 21 | 21 | 21 | 21 | 21 | |||
| Bottom (yyyy mm) | 2023 10 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | |||
| Bottom to End (# months) | 1 | 14 | 14 | 14 | 14 | 14 | 14 | |||
| End (yyyy mm) | - | - | - | - | - | - | - | |||
| Longest negative period (# months) details | 11 | 36* | 60* | 119 | 140 | 140 | 140 | |||
| Period Start (yyyy mm) | 2022 12 | 2020 12 | 2018 12 | 2013 12 | 2012 03 | 2012 03 | 2012 03 | |||
| Period End (yyyy mm) | 2023 10 | 2023 11 | 2023 11 | 2023 10 | 2023 10 | 2023 10 | 2023 10 | |||
| Annualized Return (%) | -5.64 | -8.50 | -1.76 | -0.55 | 0.00 | 0.00 | 0.00 | |||
| Drawdowns / Negative periods marked with * are in progress | ||||||||||
|
RISK INDICATORS
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Standard Deviation (%) | 10.32 | 10.82 | 11.14 | 8.66 | 9.62 | 8.80 | 8.21 | |||
| Sharpe Ratio | -0.04 | -0.48 | 0.05 | 0.22 | 0.38 | 0.47 | 0.45 | |||
| Sortino Ratio | -0.06 | -0.69 | 0.07 | 0.29 | 0.52 | 0.64 | 0.60 | |||
| Ulcer Index | 2.25 | 11.73 | 9.34 | 6.89 | 5.98 | 5.12 | 4.61 | |||
| Ratio: Return / Standard Deviation | 0.44 | -0.30 | 0.20 | 0.34 | 0.51 | 0.73 | 0.94 | |||
| Ratio: Return / Deepest Drawdown | 0.80 | -0.15 | 0.10 | 0.13 | 0.21 | 0.27 | 0.32 | |||
| % Positive Months details | 50% | 50% | 56% | 58% | 61% | 63% | 67% | |||
| Positive Months | 6 | 18 | 34 | 70 | 148 | 230 | 313 | |||
| Negative Months | 6 | 18 | 26 | 50 | 92 | 130 | 154 | |||
|
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Best 10 Years Return (%) - Annualized | 2.92 | 8.96 | 10.98 | 11.95 | ||||||
| Worst 10 Years Return (%) - Annualized | 1.84 | 1.84 | 1.84 | |||||||
| Best 10 Years Return (%) - Annualized | 0.10 | 7.28 | 8.35 | 8.83 | ||||||
| Worst 10 Years Return (%) - Annualized | -0.69 | -0.69 | -0.69 | |||||||
|
ROLLING PERIOD RETURNS
Inflation Adjusted:
Inflation Adjusted:
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Over the latest 30Y | ||||||||||
| Best Rolling Return (%) - Annualized | 41.19 | 20.32 | 14.58 | 10.98 | 8.86 | 6.42 | ||||
| Worst Rolling Return (%) - Annualized | -23.97 | -4.61 | -0.82 | 1.84 | 4.66 | |||||
| % Positive Periods | 83% | 92% | 99% | 100% | 100% | 100% | ||||
| Best Rolling Return (%) - Annualized | 40.78 | 18.55 | 12.86 | 8.35 | 6.39 | 3.80 | ||||
| Worst Rolling Return (%) - Annualized | -26.75 | -9.14 | -4.41 | -0.69 | 2.03 | |||||
| % Positive Periods | 73% | 88% | 91% | 95% | 100% | 100% | ||||
| Over all the available data source (Jan 1985 - Nov 2023) | ||||||||||
| Best Rolling Return (%) - Annualized | 41.19 | 20.32 | 14.75 | 11.95 | 10.67 | 9.32 | ||||
| Worst Rolling Return (%) - Annualized | -23.97 | -4.61 | -0.82 | 1.84 | 4.66 | 6.17 | ||||
| % Positive Periods | 84% | 94% | 99% | 100% | 100% | 100% | ||||
| Best Rolling Return (%) - Annualized | 40.78 | 18.55 | 12.86 | 8.83 | 7.46 | 6.46 | ||||
| Worst Rolling Return (%) - Annualized | -26.75 | -9.14 | -4.41 | -0.69 | 2.03 | 3.56 | ||||
| % Positive Periods | 74% | 90% | 93% | 96% | 100% | 100% | ||||
|
WITHDRAWAL RATES (WR)
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Safe WR (%) | 29.68 | 21.24 | 11.20 | 7.08 | 6.70 | 7.81 | ||||
| Perpetual WR (%) | 0.00 | 0.00 | 0.10 | 2.24 | 3.66 | 4.54 | ||||
- 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).
Analyze your Portfolio: Backtest Now!
Explore historical data since 1871 and fine-tune your investment strategy for better results.
Explore historical data since 1871 and fine-tune your investment strategy for better results.
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.
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 |
EMB
|
JNK
|
SPLB
|
HYG
|
|---|---|---|---|---|
|
EMB
|
-
|
0.95
|
0.96
|
0.96
|
|
JNK
|
0.95
|
-
|
0.96
|
1.00
|
|
SPLB
|
0.96
|
0.96
|
-
|
0.97
|
|
HYG
|
0.96
|
1.00
|
0.97
|
-
|
| Asset |
EMB
|
JNK
|
SPLB
|
HYG
|
|---|---|---|---|---|
|
EMB
|
-
|
0.86
|
0.85
|
0.85
|
|
JNK
|
0.86
|
-
|
0.75
|
1.00
|
|
SPLB
|
0.85
|
0.75
|
-
|
0.76
|
|
HYG
|
0.85
|
1.00
|
0.76
|
-
|
| Asset |
EMB
|
JNK
|
SPLB
|
HYG
|
|---|---|---|---|---|
|
EMB
|
-
|
0.82
|
0.82
|
0.82
|
|
JNK
|
0.82
|
-
|
0.70
|
1.00
|
|
SPLB
|
0.82
|
0.70
|
-
|
0.71
|
|
HYG
|
0.82
|
1.00
|
0.71
|
-
|
| Asset |
EMB
|
JNK
|
SPLB
|
HYG
|
|---|---|---|---|---|
|
EMB
|
-
|
0.65
|
0.58
|
0.64
|
|
JNK
|
0.65
|
-
|
0.55
|
0.98
|
|
SPLB
|
0.58
|
0.55
|
-
|
0.56
|
|
HYG
|
0.64
|
0.98
|
0.56
|
-
|
| Asset |
EMB
|
JNK
|
SPLB
|
HYG
|
|---|---|---|---|---|
|
EMB
|
-
|
0.64
|
0.60
|
0.63
|
|
JNK
|
0.64
|
-
|
0.55
|
0.98
|
|
SPLB
|
0.60
|
0.55
|
-
|
0.56
|
|
HYG
|
0.63
|
0.98
|
0.56
|
-
|
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.
HIGH YIELD BONDS INCOME PORTFOLIO
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1985 - 30 November 2023 (~39 years)
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
|||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -23.97% | Nov 2007 | Oct 2008 | 12 | Jul 2009 | 9 | 21 | 10.67 |
| -21.84% | Sep 2021 | Sep 2022 | 13 | in progress | 14 | 27 | 13.45 |
| -11.99% | Feb 2020 | Mar 2020 | 2 | Jul 2020 | 4 | 6 | 5.58 |
| -8.48% | Aug 1998 | Aug 1998 | 1 | Apr 1999 | 8 | 9 | 3.89 |
| -7.79% | Mar 2015 | Jan 2016 | 11 | Jun 2016 | 5 | 16 | 4.03 |
| -7.41% | Feb 1994 | Jun 1994 | 5 | May 1995 | 11 | 16 | 5.26 |
| -6.71% | May 2013 | Aug 2013 | 4 | Feb 2014 | 6 | 10 | 4.26 |
| -6.70% | May 2002 | Jul 2002 | 3 | Nov 2002 | 4 | 7 | 3.27 |
| -4.56% | Apr 2004 | May 2004 | 2 | Aug 2004 | 3 | 5 | 2.79 |
| -4.53% | Jan 2018 | Dec 2018 | 12 | Feb 2019 | 2 | 14 | 2.74 |
| -4.40% | Aug 2011 | Sep 2011 | 2 | Oct 2011 | 1 | 3 | 2.28 |
| -3.93% | Oct 2016 | Nov 2016 | 2 | Feb 2017 | 3 | 5 | 1.97 |
| -3.91% | Jul 2003 | Jul 2003 | 1 | Sep 2003 | 2 | 3 | 2.27 |
| -3.84% | May 2007 | Jul 2007 | 3 | Oct 2007 | 3 | 6 | 1.91 |
| -3.60% | May 1999 | Aug 1999 | 4 | Nov 1999 | 3 | 7 | 2.32 |
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
|||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -30.40% | Jan 2021 | Sep 2022 | 21 | in progress | 14 | 35 | 19.74 |
| -27.19% | Mar 2007 | Oct 2008 | 20 | Sep 2009 | 11 | 31 | 10.59 |
| -12.04% | Feb 2020 | Mar 2020 | 2 | Jul 2020 | 4 | 6 | 5.44 |
| -8.87% | Feb 1994 | Nov 1994 | 10 | May 1995 | 6 | 16 | 6.86 |
| -8.70% | May 1998 | Aug 1998 | 4 | Apr 1999 | 8 | 12 | 3.73 |
| -8.65% | Mar 2015 | Jan 2016 | 11 | Jun 2016 | 5 | 16 | 4.98 |
| -7.25% | May 2013 | Aug 2013 | 4 | May 2014 | 9 | 13 | 4.11 |
| -6.85% | May 2002 | Jul 2002 | 3 | Dec 2002 | 5 | 8 | 3.35 |
| -6.57% | Jan 2018 | Nov 2018 | 11 | Jun 2019 | 7 | 18 | 3.91 |
| -5.42% | Apr 2004 | May 2004 | 2 | Aug 2004 | 3 | 5 | 3.45 |
| -4.81% | Aug 2011 | Sep 2011 | 2 | Oct 2011 | 1 | 3 | 2.51 |
| -4.71% | Mar 2006 | Jun 2006 | 4 | Sep 2006 | 3 | 7 | 2.95 |
| -4.12% | May 1999 | Aug 1999 | 4 | Dec 1999 | 4 | 8 | 2.57 |
| -4.02% | Jul 2003 | Jul 2003 | 1 | Sep 2003 | 2 | 3 | 2.44 |
| -3.92% | Sep 2016 | Nov 2016 | 3 | Apr 2017 | 5 | 8 | 1.70 |
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
|||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -23.97% | Nov 2007 | Oct 2008 | 12 | Jul 2009 | 9 | 21 | 10.67 |
| -21.84% | Sep 2021 | Sep 2022 | 13 | in progress | 14 | 27 | 13.45 |
| -11.99% | Feb 2020 | Mar 2020 | 2 | Jul 2020 | 4 | 6 | 5.58 |
| -8.48% | Aug 1998 | Aug 1998 | 1 | Apr 1999 | 8 | 9 | 3.89 |
| -7.89% | Aug 1990 | Sep 1990 | 2 | Feb 1991 | 5 | 7 | 4.98 |
| -7.79% | Mar 2015 | Jan 2016 | 11 | Jun 2016 | 5 | 16 | 4.03 |
| -7.63% | Mar 1987 | Oct 1987 | 8 | Feb 1988 | 4 | 12 | 4.16 |
| -7.41% | Feb 1994 | Jun 1994 | 5 | May 1995 | 11 | 16 | 5.26 |
| -6.71% | May 2013 | Aug 2013 | 4 | Feb 2014 | 6 | 10 | 4.26 |
| -6.70% | May 2002 | Jul 2002 | 3 | Nov 2002 | 4 | 7 | 3.27 |
| -4.56% | Apr 2004 | May 2004 | 2 | Aug 2004 | 3 | 5 | 2.79 |
| -4.53% | Jan 2018 | Dec 2018 | 12 | Feb 2019 | 2 | 14 | 2.74 |
| -4.40% | Aug 2011 | Sep 2011 | 2 | Oct 2011 | 1 | 3 | 2.28 |
| -3.93% | Oct 2016 | Nov 2016 | 2 | Feb 2017 | 3 | 5 | 1.97 |
| -3.91% | Jul 2003 | Jul 2003 | 1 | Sep 2003 | 2 | 3 | 2.27 |
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
|||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -30.40% | Jan 2021 | Sep 2022 | 21 | in progress | 14 | 35 | 19.74 |
| -27.19% | Mar 2007 | Oct 2008 | 20 | Sep 2009 | 11 | 31 | 10.59 |
| -12.04% | Feb 2020 | Mar 2020 | 2 | Jul 2020 | 4 | 6 | 5.44 |
| -11.32% | Aug 1989 | Oct 1990 | 15 | Apr 1991 | 6 | 21 | 5.56 |
| -10.60% | Mar 1987 | Oct 1987 | 8 | May 1989 | 19 | 27 | 4.61 |
| -8.87% | Feb 1994 | Nov 1994 | 10 | May 1995 | 6 | 16 | 6.86 |
| -8.70% | May 1998 | Aug 1998 | 4 | Apr 1999 | 8 | 12 | 3.73 |
| -8.65% | Mar 2015 | Jan 2016 | 11 | Jun 2016 | 5 | 16 | 4.98 |
| -7.25% | May 2013 | Aug 2013 | 4 | May 2014 | 9 | 13 | 4.11 |
| -6.85% | May 2002 | Jul 2002 | 3 | Dec 2002 | 5 | 8 | 3.35 |
| -6.57% | Jan 2018 | Nov 2018 | 11 | Jun 2019 | 7 | 18 | 3.91 |
| -5.42% | Apr 2004 | May 2004 | 2 | Aug 2004 | 3 | 5 | 3.45 |
| -4.81% | Aug 2011 | Sep 2011 | 2 | Oct 2011 | 1 | 3 | 2.51 |
| -4.71% | Mar 2006 | Jun 2006 | 4 | Sep 2006 | 3 | 7 | 2.95 |
| -4.12% | May 1999 | Aug 1999 | 4 | Dec 1999 | 4 | 8 | 2.57 |
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.
HIGH YIELD BONDS INCOME PORTFOLIO
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1985 - 30 November 2023 (~39 years)
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| 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 | -23.97 |
11/2007 10/2008 |
0.76$ | -0.53 | 0.99$ | 7.38 | 1.07$ | 14.32 | 1.14$ | 41.19 |
12/2008 11/2009 |
1.41$ | 4.49 | 16.91% |
| 2Y | -10.66 |
12/2006 11/2008 |
0.79$ | 2.77 | 1.05$ | 6.88 | 1.14$ | 12.28 | 1.26$ | 27.64 |
11/2008 10/2010 |
1.62$ | -5.25 | 9.20% |
| 3Y | -4.61 |
10/2019 09/2022 |
0.86$ | 3.43 | 1.10$ | 6.90 | 1.22$ | 11.23 | 1.37$ | 20.32 |
11/2008 10/2011 |
1.74$ | -3.25 | 7.08% |
| 5Y | -0.82 |
10/2017 09/2022 |
0.95$ | 4.28 | 1.23$ | 7.05 | 1.40$ | 10.02 | 1.61$ | 14.58 |
11/2008 10/2013 |
1.97$ | 2.24 | 0.66% |
| 7Y | 1.13 |
11/2016 10/2023 |
1.08$ | 4.75 | 1.38$ | 7.35 | 1.64$ | 9.23 | 1.85$ | 11.05 |
11/2008 10/2015 |
2.08$ | 2.43 | 0.00% |
| 10Y | 1.84 |
10/2012 09/2022 |
1.19$ | 5.51 | 1.71$ | 7.13 | 1.99$ | 9.01 | 2.36$ | 10.98 |
01/1995 12/2004 |
2.83$ | 2.92 | 0.00% |
| 15Y | 3.95 |
10/2007 09/2022 |
1.78$ | 5.80 | 2.32$ | 7.22 | 2.84$ | 8.20 | 3.26$ | 9.07 |
04/1995 03/2010 |
3.67$ | 6.56 | 0.00% |
| 20Y | 4.66 |
11/2003 10/2023 |
2.48$ | 5.76 | 3.06$ | 7.07 | 3.92$ | 8.10 | 4.74$ | 8.86 |
07/1994 06/2014 |
5.46$ | 4.94 | 0.00% |
| 30Y | 6.42 |
12/1993 11/2023 |
6.46$ | 6.42 | 6.46$ | 6.42 | 6.46$ | 6.42 | 6.46$ | 6.42 |
12/1993 11/2023 |
6.46$ | 6.42 | 0.00% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
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| 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 | -26.75 |
10/2021 09/2022 |
0.73$ | -3.31 | 0.96$ | 5.01 | 1.05$ | 11.93 | 1.11$ | 40.78 |
11/2008 10/2009 |
1.40$ | 1.11 | 26.36% |
| 2Y | -14.23 |
10/2020 09/2022 |
0.73$ | 0.59 | 1.01$ | 4.45 | 1.09$ | 9.92 | 1.20$ | 27.01 |
11/2008 10/2010 |
1.61$ | -9.94 | 12.76% |
| 3Y | -9.14 |
11/2020 10/2023 |
0.75$ | 1.41 | 1.04$ | 4.53 | 1.14$ | 8.77 | 1.28$ | 18.55 |
11/2008 10/2011 |
1.66$ | -8.50 | 11.08% |
| 5Y | -4.41 |
10/2017 09/2022 |
0.79$ | 2.35 | 1.12$ | 4.71 | 1.25$ | 7.25 | 1.41$ | 12.86 |
11/2008 10/2013 |
1.83$ | -1.76 | 8.31% |
| 7Y | -2.29 |
11/2016 10/2023 |
0.85$ | 2.95 | 1.22$ | 5.02 | 1.40$ | 6.56 | 1.56$ | 9.58 |
11/2008 10/2015 |
1.89$ | -1.06 | 6.86% |
| 10Y | -0.69 |
11/2012 10/2022 |
0.93$ | 3.57 | 1.41$ | 4.84 | 1.60$ | 6.43 | 1.86$ | 8.35 |
01/1995 12/2004 |
2.22$ | 0.10 | 4.56% |
| 15Y | 1.53 |
11/2007 10/2022 |
1.25$ | 3.68 | 1.71$ | 5.03 | 2.08$ | 5.67 | 2.28$ | 6.47 |
04/1995 03/2010 |
2.55$ | 3.96 | 0.00% |
| 20Y | 2.03 |
11/2003 10/2023 |
1.49$ | 3.28 | 1.90$ | 4.89 | 2.59$ | 5.70 | 3.02$ | 6.39 |
02/1995 01/2015 |
3.45$ | 2.29 | 0.00% |
| 30Y | 3.80 |
12/1993 11/2023 |
3.06$ | 3.80 | 3.06$ | 3.80 | 3.06$ | 3.80 | 3.06$ | 3.80 |
12/1993 11/2023 |
3.06$ | 3.80 | 0.00% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
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| 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 | -23.97 |
11/2007 10/2008 |
0.76$ | -0.04 | 0.99$ | 7.89 | 1.07$ | 16.79 | 1.16$ | 41.19 |
12/2008 11/2009 |
1.41$ | 4.49 | 15.13% |
| 2Y | -10.66 |
12/2006 11/2008 |
0.79$ | 3.22 | 1.06$ | 7.32 | 1.15$ | 13.84 | 1.29$ | 27.64 |
11/2008 10/2010 |
1.62$ | -5.25 | 6.98% |
| 3Y | -4.61 |
10/2019 09/2022 |
0.86$ | 4.09 | 1.12$ | 7.63 | 1.24$ | 11.67 | 1.39$ | 20.32 |
11/2008 10/2011 |
1.74$ | -3.25 | 5.32% |
| 5Y | -0.82 |
10/2017 09/2022 |
0.95$ | 4.63 | 1.25$ | 8.26 | 1.48$ | 11.25 | 1.70$ | 14.75 |
02/1991 01/1996 |
1.98$ | 2.24 | 0.49% |
| 7Y | 1.13 |
11/2016 10/2023 |
1.08$ | 5.01 | 1.40$ | 8.34 | 1.75$ | 10.60 | 2.02$ | 14.83 |
10/1990 09/1997 |
2.63$ | 2.43 | 0.00% |
| 10Y | 1.84 |
10/2012 09/2022 |
1.19$ | 5.92 | 1.77$ | 8.17 | 2.19$ | 10.58 | 2.73$ | 11.95 |
10/1987 09/1997 |
3.09$ | 2.92 | 0.00% |
| 15Y | 3.95 |
10/2007 09/2022 |
1.78$ | 6.13 | 2.44$ | 8.05 | 3.19$ | 10.17 | 4.27$ | 11.23 |
10/1990 09/2005 |
4.93$ | 6.56 | 0.00% |
| 20Y | 4.66 |
11/2003 10/2023 |
2.48$ | 6.80 | 3.73$ | 8.27 | 4.89$ | 9.54 | 6.18$ | 10.67 |
01/1985 12/2004 |
7.59$ | 4.94 | 0.00% |
| 30Y | 6.17 |
11/1993 10/2023 |
6.03$ | 6.89 | 7.37$ | 8.26 | 10.83$ | 8.61 | 11.91$ | 9.32 |
03/1985 02/2015 |
14.46$ | 6.42 | 0.00% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
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| 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 | -26.75 |
10/2021 09/2022 |
0.73$ | -2.78 | 0.97$ | 5.05 | 1.05$ | 13.89 | 1.13$ | 40.78 |
11/2008 10/2009 |
1.40$ | 1.11 | 25.88% |
| 2Y | -14.23 |
10/2020 09/2022 |
0.73$ | 0.70 | 1.01$ | 4.47 | 1.09$ | 10.78 | 1.22$ | 27.01 |
11/2008 10/2010 |
1.61$ | -9.94 | 11.94% |
| 3Y | -9.14 |
11/2020 10/2023 |
0.75$ | 1.63 | 1.04$ | 4.96 | 1.15$ | 8.98 | 1.29$ | 18.55 |
11/2008 10/2011 |
1.66$ | -8.50 | 9.26% |
| 5Y | -4.41 |
10/2017 09/2022 |
0.79$ | 2.59 | 1.13$ | 5.70 | 1.31$ | 8.20 | 1.48$ | 12.86 |
11/2008 10/2013 |
1.83$ | -1.76 | 6.13% |
| 7Y | -2.29 |
11/2016 10/2023 |
0.85$ | 3.31 | 1.25$ | 5.64 | 1.46$ | 7.18 | 1.62$ | 11.68 |
10/1990 09/1997 |
2.16$ | -1.06 | 4.95% |
| 10Y | -0.69 |
11/2012 10/2022 |
0.93$ | 3.88 | 1.46$ | 5.72 | 1.74$ | 7.41 | 2.04$ | 8.83 |
10/1990 09/2000 |
2.33$ | 0.10 | 3.16% |
| 15Y | 1.53 |
11/2007 10/2022 |
1.25$ | 3.97 | 1.79$ | 5.56 | 2.25$ | 7.08 | 2.78$ | 8.27 |
10/1990 09/2005 |
3.29$ | 3.96 | 0.00% |
| 20Y | 2.03 |
11/2003 10/2023 |
1.49$ | 4.50 | 2.41$ | 5.64 | 2.99$ | 6.57 | 3.57$ | 7.46 |
11/1990 10/2010 |
4.21$ | 2.29 | 0.00% |
| 30Y | 3.56 |
11/1993 10/2023 |
2.85$ | 4.28 | 3.51$ | 5.63 | 5.16$ | 5.95 | 5.65$ | 6.46 |
03/1985 02/2015 |
6.53$ | 3.80 | 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 High Yield Bonds Income Portfolio: Rolling Returns page.
Seasonality
In which months is it better to invest in High Yield Bonds 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.
For further information about the seasonality, check the Asset Class Seasonality page.
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| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency |
1.14
60% |
-1.49
20% |
-1.75
40% |
0.33
80% |
0.67
60% |
0.44
80% |
2.57
100% |
-0.65
40% |
-2.28
0% |
-0.06
60% |
3.34
80% |
0.58
60% |
| Best |
4.8 2023 |
0.6 2019 |
2.6 2023 |
5.5 2020 |
3.5 2020 |
3.5 2019 |
5.7 2022 |
2.3 2019 |
-0.4 2019 |
1.2 2022 |
6.6 2023 |
1.7 2019 |
| Worst |
-3.5 2022 |
-3.3 2023 |
-11.5 2020 |
-6.2 2022 |
-1.6 2023 |
-6.4 2022 |
0.5 2019 |
-4.2 2022 |
-5.5 2022 |
-1.8 2023 |
-1.0 2021 |
-1.8 2022 |
Monthly Seasonality over the period Feb 1985 - Nov 2023
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| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency |
0.85
60% |
-0.29
50% |
-0.51
50% |
0.61
80% |
0.59
60% |
0.30
70% |
1.69
90% |
-0.07
50% |
-1.41
30% |
0.00
60% |
1.15
40% |
0.34
60% |
| Best |
4.8 2023 |
2.6 2014 |
3.5 2016 |
5.5 2020 |
3.5 2020 |
3.5 2019 |
5.7 2022 |
2.3 2014 |
0.7 2018 |
2.6 2015 |
6.6 2023 |
1.9 2016 |
| Worst |
-3.5 2022 |
-3.3 2023 |
-11.5 2020 |
-6.2 2022 |
-1.6 2023 |
-6.4 2022 |
-1.1 2014 |
-4.2 2022 |
-5.5 2022 |
-2.5 2018 |
-2.5 2016 |
-1.8 2015 |
Monthly Seasonality over the period Feb 1985 - Nov 2023
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| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency |
0.90
72% |
0.37
69% |
0.02
51% |
1.03
74% |
0.53
51% |
0.66
69% |
1.18
79% |
0.41
67% |
-0.13
54% |
0.21
69% |
0.98
62% |
1.63
87% |
| Best |
4.8 2023 |
4.2 1986 |
3.5 2016 |
9.7 2009 |
4.6 1995 |
3.8 2012 |
6.1 2009 |
4.2 2002 |
4.9 2009 |
6.5 2011 |
6.6 2023 |
16.0 2008 |
| Worst |
-3.8 2009 |
-7.1 2009 |
-11.5 2020 |
-6.2 2022 |
-3.7 2013 |
-6.4 2022 |
-3.9 2003 |
-8.5 1998 |
-7.8 2008 |
-14.8 2008 |
-2.5 2016 |
-1.8 2015 |
Monthly Seasonality over the period Feb 1985 - Nov 2023
Monthly Returns
This section provides a visual/tabular representation of the performance variability in the High Yield Bonds Income Portfolio over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.
HIGH YIELD BONDS INCOME PORTFOLIO
Monthly Returns Distribution
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1985 - 30 November 2023 (~39 years)
230 Positive Months (64%) - 130 Negative Months (36%)
313 Positive Months (67%) - 154 Negative Months (33%)
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Investment Returns, up to March 2009, 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:
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:
- EMB - iShares JP Morgan USD Em Mkts Bd, up to December 2007
- JNK - SPDR Barclays High Yield Bond ETF, up to December 2007
- SPLB - SPDR Portfolio Long Term Corporate Bond ETF, up to March 2009
- 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.
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30 Years Stats (%) |
% Allocation |
|||||||
|---|---|---|---|---|---|---|---|---|
| Portfolio | Return▾ | Dev.Std | Drawdown | Stocks | Bonds | Comm | ||
| Stocks/Bonds 40/60 Momentum | +7.75 | 6.99 | -21.11 | 40 | 60 | 0 | ||
| Golden Butterfly | +7.46 | 7.68 | -17.79 | 40 | 40 | 20 | ||
| All Weather Portfolio | +7.19 | 7.39 | -20.58 | 30 | 55 | 15 | ||
| Stocks/Bonds 40/60 | +6.83 | 6.98 | -19.17 | 40 | 60 | 0 | ||
| Simplified Permanent Portfolio | +6.75 | 6.88 | -16.43 | 25 | 50 | 25 | ||
| Zefiro Portfolio | +6.52 | 7.48 | -20.61 | 20 | 50 | 30 | ||
| Edge Select Moderately Conservative | +6.49 | 6.86 | -20.48 | 37 | 63 | 0 | ||
| Desert Portfolio | +6.48 | 5.50 | -14.72 | 30 | 60 | 10 | ||
| High Yield Bonds Income | +6.42 | 8.80 | -23.97 | 0 | 100 | 0 | ||
Here's a list containing the Best Classic Portfolios, with the highest returns over 30 Years and Low Risk categorization.
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30 Years Stats (%) |
% Allocation |
|||||||
|---|---|---|---|---|---|---|---|---|
| Portfolio | Return▾ | Dev.Std | Drawdown | Stocks | Bonds | Comm | ||
| High Yield Bonds Income | +6.42 | 8.80 | -23.97 | 0 | 100 | 0 | ||
| Stocks/Bonds 20/80 Momentum | +6.01 | 4.94 | -17.91 | 20 | 80 | 0 | ||
| All Country World 20/80 | +5.64 | 5.63 | -17.97 | 20 | 80 | 0 | ||
| Stocks/Bonds 20/80 | +5.54 | 4.90 | -16.57 | 20 | 80 | 0 | ||
| Dimensional Retirement Income Fund | +5.36 | 4.79 | -12.91 | 20.4 | 79.6 | 0 | ||
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