High Yield Bonds Income Portfolio: ETF allocation and returns

Data Source: from January 1985 to January 2024 (~39 years)
Consolidated Returns as of 31 January 2024
Live Update: Feb 27 2024, 03:00PM Eastern Time
PORTFOLIO • LIVE PERFORMANCE (USD currency)
0.05%
1 Day
Feb 27 2024, 03:00PM Eastern Time
0.62%
Current Month
February 2024

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 6.44% compound annual return, with a 8.83% standard deviation.

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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 Jan 31, 2024

The High Yield Bonds Income Portfolio guaranteed the following returns.

Returns are calculated in USD, assuming: February 2024 return is calculated on the hypothesis of a newly built portfolio, with the starting asset allocation.
HIGH YIELD BONDS INCOME PORTFOLIO
Consolidated returns as of 31 January 2024
Live Update: Feb 27 2024, 03:00PM Eastern Time
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jan 31, 2024
  1 Day Time ET(*) Feb 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~39Y)
High Yield Bonds Income Portfolio -0.05 -0.62 -0.42 4.78 5.70 2.13 3.20 6.44 7.75
US Inflation Adjusted return -0.72 3.07 2.51 -1.95 0.40 3.81 4.83
Components
EMB
USD iShares JP Morgan USD Em Mkts Bd -0.14 02:59PM, Feb 27 2024 0.18 -1.21 2.87 4.77 0.12 2.64 8.70 9.42
JNK
USD SPDR Barclays High Yield Bond ETF 0.05 02:59PM, Feb 27 2024 0.13 0.15 5.78 8.21 3.32 3.17 5.25 6.82
SPLB
USD SPDR Portfolio Long Term Corporate Bond ETF -0.20 02:59PM, Feb 27 2024 -2.89 -0.71 4.79 2.73 1.65 3.36 5.79 7.30
HYG
USD iShares iBoxx $ High Yield Corporate Bond 0.08 03:00PM, Feb 27 2024 0.09 0.12 5.69 7.20 3.11 3.34 5.33 6.88
Returns over 1 year are annualized | Available data source: since Jan 1985
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Current inflation (annualized) is 1Y: 3.11% , 5Y: 4.16% , 10Y: 2.79% , 30Y: 2.53%

In 2023, the High Yield Bonds Income Portfolio granted a 5.80% 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 Jan 31, 2024

An investment of 1$, since February 1994, now would be worth 6.50$, with a total return of 549.79% (6.44% annualized).

The Inflation Adjusted Capital now would be 3.07$, with a net total return of 206.97% (3.81% annualized).
An investment of 1$, since January 1985, now would be worth 18.52$, with a total return of 1752.11% (7.75% annualized).

The Inflation Adjusted Capital now would be 6.31$, with a net total return of 530.95% (4.83% annualized).

Portfolio Metrics as of Jan 31, 2024

Metrics of High Yield Bonds Income Portfolio, updated as of 31 January 2024.

Metrics are calculated based on monthly returns, assuming:
HIGH YIELD BONDS INCOME PORTFOLIO
Advanced Metrics
Data Source: 1 January 1985 - 31 January 2024 (~39 years)
Swipe left to see all data
Metrics as of Jan 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~39Y)
Investment Return (%) -0.42 10.97 4.78 5.70 -1.99 2.13 3.20 4.97 6.44 7.75
Infl. Adjusted Return (%) details -0.72 10.20 3.07 2.51 -7.24 -1.95 0.40 2.34 3.81 4.83
US Inflation (%) 0.31 0.70 1.66 3.11 5.66 4.16 2.79 2.57 2.53 2.79
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 29* 29* 29* 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 16 16 16 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 29* 29* 29*
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 16 16 16 16 16 16
End (yyyy mm) 2023 07 - - - - - -
Longest negative period (# months) details 9 36* 56 65 65 65 65
Period Start (yyyy mm) 2023 02 2021 02 2019 03 2017 05 2017 05 2017 05 2017 05
Period End (yyyy mm) 2023 10 2024 01 2023 10 2022 09 2022 09 2022 09 2022 09
Annualized Return (%) -6.28 -1.99 -0.11 -0.11 -0.11 -0.11 -0.11
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -6.97 -28.76 -29.88 -29.88 -29.88 -29.88 -29.88
Start to Recovery (# months) details 11 36* 37* 37* 37* 37* 37*
Start (yyyy mm) 2023 02 2021 02 2021 01 2021 01 2021 01 2021 01 2021 01
Start to Bottom (# months) 9 20 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) 2 16 16 16 16 16 16
End (yyyy mm) 2023 12 - - - - - -
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 02 2021 01 2021 01 2021 01 2021 01 2021 01
Start to Bottom (# months) 9 20 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) 2 16 16 16 16 16 16
End (yyyy mm) 2023 12 - - - - - -
Longest negative period (# months) details 10 36* 60* 117 136 136 136
Period Start (yyyy mm) 2023 02 2021 02 2019 02 2014 02 2012 07 2012 07 2012 07
Period End (yyyy mm) 2023 11 2024 01 2024 01 2023 10 2023 10 2023 10 2023 10
Annualized Return (%) -1.15 -7.24 -1.95 -0.58 -0.17 -0.17 -0.17
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 9.98 11.09 11.13 8.77 9.66 8.83 8.21
Sharpe Ratio 0.06 -0.38 0.03 0.24 0.38 0.47 0.46
Sortino Ratio 0.10 -0.55 0.04 0.32 0.52 0.64 0.61
Ulcer Index 2.19 11.87 9.46 6.97 6.03 5.15 4.63
Ratio: Return / Standard Deviation 0.57 -0.18 0.19 0.36 0.51 0.73 0.94
Ratio: Return / Deepest Drawdown 1.02 -0.09 0.10 0.15 0.21 0.27 0.32
% Positive Months details 50% 50% 56% 57% 61% 63% 66%
Positive Months 6 18 34 69 147 229 314
Negative Months 6 18 26 51 93 131 155
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 3.20 8.96 10.98 11.95
Worst 10 Years Return (%) - Annualized 1.84 1.84 1.84
Best 10 Years Return (%) - Annualized 0.40 7.30 8.30 8.82
Worst 10 Years Return (%) - Annualized -0.68 -0.68 -0.68
ROLLING PERIODS
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 6.44
Worst Rolling Return (%) - Annualized -23.97 -4.61 -0.82 1.84 4.66
% Positive Periods 83% 92% 99% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 84.09 27.42 19.81 10.67 6.92 6.58
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.36 4.43
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 40.84 18.57 12.89 8.30 6.38 3.81
Worst Rolling Return (%) - Annualized -26.75 -9.14 -4.41 -0.68 2.03
% Positive Periods 74% 88% 91% 95% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 84.09 27.42 19.81 10.67 6.92 6.58
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.36 4.43
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1985 - Jan 2024)
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%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 84.09 27.42 19.81 10.67 6.92 6.53
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.36 4.33
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 40.84 18.57 12.89 8.82 7.44 6.46
Worst Rolling Return (%) - Annualized -26.75 -9.14 -4.41 -0.68 2.03 3.56
% Positive Periods 74% 90% 93% 96% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 84.09 27.42 19.81 10.67 6.92 6.53
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.36 4.33
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 31 January 2024
Swipe left to see all data
Asset
EMB
JNK
SPLB
HYG
EMB
-
0.96
0.95
0.96
JNK
0.96
-
0.97
1.00
SPLB
0.95
0.97
-
0.98
HYG
0.96
1.00
0.98
-
Asset
EMB
JNK
SPLB
HYG
EMB
-
0.87
0.85
0.87
JNK
0.87
-
0.77
1.00
SPLB
0.85
0.77
-
0.78
HYG
0.87
1.00
0.78
-
Asset
EMB
JNK
SPLB
HYG
EMB
-
0.82
0.83
0.82
JNK
0.82
-
0.70
1.00
SPLB
0.83
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 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1985 - 31 January 2024 (~39 years)
Inflation Adjusted:
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 16 29 13.17
-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 (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 146 2.5 Months 40.44%
 
DD = 0% 40.44%
 
0% < DD <= -5% 157 2.3 Months 43.49%
 
DD <= -5% 83.93%
 
-5% < DD <= -10% 29 12.4 Months 8.03%
 
DD <= -10% 91.97%
 
-10% < DD <= -15% 15 24.1 Months 4.16%
 
DD <= -15% 96.12%
 
-15% < DD <= -20% 9 40.1 Months 2.49%
 
DD <= -20% 98.61%
 
-20% < DD <= -25% 5 72.2 Months 1.39%
 
DD <= -25% 100.00%
 
-25% < DD <= -30% 0 - 0.00%
 
DD <= -30% 100.00%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-29.88% Jan 2021 Sep 2022 21 in progress 16 37 19.43
-27.25% May 2007 Oct 2008 18 Sep 2009 11 29 10.87
-11.73% Feb 2020 Mar 2020 2 Jul 2020 4 6 5.18
-8.87% Feb 1994 Nov 1994 10 May 1995 6 16 6.80
-8.87% May 1998 Aug 1998 4 Apr 1999 8 12 3.88
-8.69% Mar 2015 Jan 2016 11 Jun 2016 5 16 4.79
-7.37% May 2013 Aug 2013 4 May 2014 9 13 4.31
-7.06% May 2002 Jul 2002 3 Dec 2002 5 8 3.49
-6.40% Jan 2018 Dec 2018 12 Mar 2019 3 15 3.84
-5.12% Apr 2004 May 2004 2 Aug 2004 3 5 3.29
-4.91% Aug 2011 Sep 2011 2 Oct 2011 1 3 2.57
-4.31% Sep 2016 Nov 2016 3 Apr 2017 5 8 1.96
-4.29% May 1999 Aug 1999 4 Dec 1999 4 8 2.68
-4.23% Jul 2003 Jul 2003 1 Oct 2003 3 4 2.33
-3.97% Sep 2000 Nov 2000 3 Jan 2001 2 5 2.13
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 118 3.1 Months 32.69%
 
DD = 0% 32.69%
 
0% < DD <= -5% 167 2.2 Months 46.26%
 
DD <= -5% 78.95%
 
-5% < DD <= -10% 43 8.4 Months 11.91%
 
DD <= -10% 90.86%
 
-10% < DD <= -15% 4 90.3 Months 1.11%
 
DD <= -15% 91.97%
 
-15% < DD <= -20% 4 90.3 Months 1.11%
 
DD <= -20% 93.07%
 
-20% < DD <= -25% 13 27.8 Months 3.60%
 
DD <= -25% 96.68%
 
-25% < DD <= -30% 12 30.1 Months 3.32%
 
DD <= -30% 100.00%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
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 16 29 13.17
-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 (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 215 2.2 Months 45.74%
 
DD = 0% 45.74%
 
0% < DD <= -5% 191 2.5 Months 40.64%
 
DD <= -5% 86.38%
 
-5% < DD <= -10% 35 13.4 Months 7.45%
 
DD <= -10% 93.83%
 
-10% < DD <= -15% 15 31.3 Months 3.19%
 
DD <= -15% 97.02%
 
-15% < DD <= -20% 9 52.2 Months 1.91%
 
DD <= -20% 98.94%
 
-20% < DD <= -25% 5 94.0 Months 1.06%
 
DD <= -25% 100.00%
 
-25% < DD <= -30% 0 - 0.00%
 
DD <= -30% 100.00%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-29.88% Jan 2021 Sep 2022 21 in progress 16 37 19.43
-27.25% May 2007 Oct 2008 18 Sep 2009 11 29 10.87
-11.73% Feb 2020 Mar 2020 2 Jul 2020 4 6 5.18
-11.19% Aug 1989 Oct 1990 15 Apr 1991 6 21 5.49
-10.20% Mar 1987 Oct 1987 8 May 1989 19 27 4.45
-8.87% Feb 1994 Nov 1994 10 May 1995 6 16 6.80
-8.87% May 1998 Aug 1998 4 Apr 1999 8 12 3.88
-8.69% Mar 2015 Jan 2016 11 Jun 2016 5 16 4.79
-7.37% May 2013 Aug 2013 4 May 2014 9 13 4.31
-7.06% May 2002 Jul 2002 3 Dec 2002 5 8 3.49
-6.40% Jan 2018 Dec 2018 12 Mar 2019 3 15 3.84
-5.12% Apr 2004 May 2004 2 Aug 2004 3 5 3.29
-4.91% Aug 2011 Sep 2011 2 Oct 2011 1 3 2.57
-4.31% Sep 2016 Nov 2016 3 Apr 2017 5 8 1.96
-4.29% May 1999 Aug 1999 4 Dec 1999 4 8 2.68
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 172 2.7 Months 36.60%
 
DD = 0% 36.60%
 
0% < DD <= -5% 207 2.3 Months 44.04%
 
DD <= -5% 80.64%
 
-5% < DD <= -10% 55 8.5 Months 11.70%
 
DD <= -10% 92.34%
 
-10% < DD <= -15% 7 67.1 Months 1.49%
 
DD <= -15% 93.83%
 
-15% < DD <= -20% 4 117.5 Months 0.85%
 
DD <= -20% 94.68%
 
-20% < DD <= -25% 13 36.2 Months 2.77%
 
DD <= -25% 97.45%
 
-25% < DD <= -30% 12 39.2 Months 2.55%
 
DD <= -30% 100.00%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 

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 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1985 - 31 January 2024 (~39 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 -23.97 11/2007
10/2008
0.76$ -0.40 0.99$ 7.41 1.07$ 14.32 1.14$ 41.19 12/2008
11/2009
1.41$ 5.70 16.33%
2Y -10.66 12/2006
11/2008
0.79$ 2.70 1.05$ 6.87 1.14$ 12.28 1.26$ 27.64 11/2008
10/2010
1.62$ -2.36 9.79%
3Y -4.61 10/2019
09/2022
0.86$ 3.27 1.10$ 6.82 1.21$ 11.23 1.37$ 20.32 11/2008
10/2011
1.74$ -1.99 7.69%
5Y -0.82 10/2017
09/2022
0.95$ 4.20 1.22$ 6.95 1.39$ 10.02 1.61$ 14.58 11/2008
10/2013
1.97$ 2.13 0.66%
7Y 1.13 11/2016
10/2023
1.08$ 4.70 1.37$ 7.33 1.64$ 9.23 1.85$ 11.05 11/2008
10/2015
2.08$ 2.59 0.00%
10Y 1.84 10/2012
09/2022
1.19$ 5.45 1.70$ 7.00 1.96$ 8.96 2.35$ 10.98 01/1995
12/2004
2.83$ 3.20 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$ 6.07 0.00%
20Y 4.66 11/2003
10/2023
2.48$ 5.67 3.01$ 7.06 3.91$ 8.09 4.73$ 8.86 07/1994
06/2014
5.46$ 4.97 0.00%
30Y 6.44 02/1994
01/2024
6.49$ 6.44 6.49$ 6.44 6.49$ 6.44 6.49$ 6.44 02/1994
01/2024
6.49$ 6.44 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 -26.75 10/2021
09/2022
0.73$ -3.08 0.96$ 5.01 1.05$ 11.94 1.11$ 40.84 11/2008
10/2009
1.40$ 2.51 25.79%
2Y -14.26 01/2021
12/2022
0.73$ 0.49 1.00$ 4.38 1.08$ 9.93 1.20$ 27.04 11/2008
10/2010
1.61$ -6.76 13.35%
3Y -9.14 11/2020
10/2023
0.75$ 1.21 1.03$ 4.50 1.14$ 8.76 1.28$ 18.57 11/2008
10/2011
1.66$ -7.24 11.69%
5Y -4.41 10/2017
09/2022
0.79$ 2.29 1.11$ 4.69 1.25$ 7.26 1.41$ 12.89 11/2008
10/2013
1.83$ -1.95 8.97%
7Y -2.28 11/2016
10/2023
0.85$ 2.83 1.21$ 4.98 1.40$ 6.54 1.55$ 9.62 11/2008
10/2015
1.90$ -0.87 7.58%
10Y -0.68 11/2012
10/2022
0.93$ 3.50 1.41$ 4.82 1.60$ 6.39 1.85$ 8.30 01/1995
12/2004
2.21$ 0.40 4.56%
15Y 1.54 11/2007
10/2022
1.25$ 3.57 1.69$ 5.03 2.08$ 5.66 2.28$ 6.47 04/1995
03/2010
2.55$ 3.42 0.00%
20Y 2.03 11/2003
10/2023
1.49$ 3.08 1.83$ 4.85 2.57$ 5.60 2.97$ 6.38 02/1995
01/2015
3.44$ 2.34 0.00%
30Y 3.81 02/1994
01/2024
3.06$ 3.81 3.06$ 3.81 3.06$ 3.81 3.06$ 3.81 02/1994
01/2024
3.06$ 3.81 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 -23.97 11/2007
10/2008
0.76$ -0.01 0.99$ 7.89 1.07$ 16.76 1.16$ 41.19 12/2008
11/2009
1.41$ 5.70 15.07%
2Y -10.66 12/2006
11/2008
0.79$ 3.17 1.06$ 7.29 1.15$ 13.84 1.29$ 27.64 11/2008
10/2010
1.62$ -2.36 7.40%
3Y -4.61 10/2019
09/2022
0.86$ 4.08 1.12$ 7.56 1.24$ 11.67 1.39$ 20.32 11/2008
10/2011
1.74$ -1.99 5.76%
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$ 2.13 0.49%
7Y 1.13 11/2016
10/2023
1.08$ 4.97 1.40$ 8.32 1.74$ 10.60 2.02$ 14.83 10/1990
09/1997
2.63$ 2.59 0.00%
10Y 1.84 10/2012
09/2022
1.19$ 5.90 1.77$ 8.16 2.19$ 10.58 2.73$ 11.95 10/1987
09/1997
3.09$ 3.20 0.00%
15Y 3.95 10/2007
09/2022
1.78$ 6.11 2.43$ 8.05 3.19$ 10.17 4.27$ 11.23 10/1990
09/2005
4.93$ 6.07 0.00%
20Y 4.66 11/2003
10/2023
2.48$ 6.75 3.69$ 8.22 4.85$ 9.54 6.18$ 10.67 01/1985
12/2004
7.59$ 4.97 0.00%
30Y 6.17 11/1993
10/2023
6.03$ 6.83 7.26$ 8.26 10.82$ 8.61 11.91$ 9.32 03/1985
02/2015
14.46$ 6.44 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 -26.75 10/2021
09/2022
0.73$ -2.77 0.97$ 5.03 1.05$ 13.90 1.13$ 40.84 11/2008
10/2009
1.40$ 2.51 25.76%
2Y -14.26 01/2021
12/2022
0.73$ 0.66 1.01$ 4.45 1.09$ 10.79 1.22$ 27.04 11/2008
10/2010
1.61$ -6.76 12.33%
3Y -9.14 11/2020
10/2023
0.75$ 1.53 1.04$ 4.96 1.15$ 8.87 1.29$ 18.57 11/2008
10/2011
1.66$ -7.24 9.68%
5Y -4.41 10/2017
09/2022
0.79$ 2.59 1.13$ 5.71 1.31$ 8.21 1.48$ 12.89 11/2008
10/2013
1.83$ -1.95 6.59%
7Y -2.28 11/2016
10/2023
0.85$ 3.23 1.24$ 5.68 1.47$ 7.20 1.62$ 11.66 10/1990
09/1997
2.16$ -0.87 5.44%
10Y -0.68 11/2012
10/2022
0.93$ 3.86 1.46$ 5.69 1.73$ 7.45 2.05$ 8.82 10/1990
09/2000
2.32$ 0.40 3.14%
15Y 1.54 11/2007
10/2022
1.25$ 3.98 1.79$ 5.54 2.24$ 7.07 2.78$ 8.26 10/1990
09/2005
3.28$ 3.42 0.00%
20Y 2.03 11/2003
10/2023
1.49$ 4.47 2.39$ 5.62 2.98$ 6.55 3.55$ 7.44 11/1990
10/2010
4.20$ 2.34 0.00%
30Y 3.56 11/1993
10/2023
2.85$ 4.23 3.46$ 5.63 5.16$ 5.94 5.64$ 6.46 03/1985
02/2015
6.53$ 3.81 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.
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
0.12
40%
-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%
1.49
80%
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
4.5
2023
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 - Jan 2024
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
0.73
50%
-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%
0.75
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
4.5
2023
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 - Jan 2024
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
0.86
70%
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%
1.70
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 - Jan 2024

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 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1985 - 31 January 2024 (~39 years)
229 Positive Months (64%) - 131 Negative Months (36%)
314 Positive Months (67%) - 155 Negative Months (33%)
Swipe left to see all data
(Scroll down to see all data)
Investment Returns, up to March 2009, 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:
  • EMB - iShares JP Morgan USD Em Mkts Bd (EMB), up to December 2007
  • JNK - SPDR Barclays High Yield Bond ETF (JNK), up to December 2007
  • SPLB - SPDR Portfolio Long Term Corporate Bond ETF (SPLB), up to March 2009
  • HYG - iShares iBoxx $ High Yield Corporate Bond (HYG), 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
Shield Strategy Aim Ways +8.63 8.85 -19.36 42 38 20
Stocks/Bonds 40/60 Momentum +7.86 7.02 -21.11 40 60 0
In Saecula Saeculorum Fulvio Marchese +7.58 7.84 -20.39 45 45 10
Golden Butterfly Tyler +7.47 7.74 -17.79 40 40 20
Aim comfortable trip Aim Ways +7.34 7.60 -20.15 40 45 15
All Weather Portfolio Ray Dalio +7.22 7.43 -20.58 30 55 15
PISI Portfolio Davide Pisicchio +6.90 6.50 -18.36 30 60 10
Stocks/Bonds 40/60 +6.88 7.01 -19.17 40 60 0
Simplified Permanent Portfolio +6.77 6.90 -16.43 25 50 25
Ulcer Free Strategy Aim Ways +6.56 5.52 -17.05 7 82 11
Desert Portfolio Gyroscopic Investing +6.50 5.52 -14.72 30 60 10
Edge Select Moderately Conservative Merrill Lynch +6.45 6.87 -20.48 37 63 0
High Yield Bonds Income +6.44 8.83 -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.

Swipe left to see all data
30 Years Stats (%)
% Allocation
Portfolio Author Return Dev.Std Drawdown Stocks Bonds Comm
Ulcer Free Strategy Aim Ways +6.56 5.52 -17.05 7 82 11
High Yield Bonds Income +6.44 8.83 -23.97 0 100 0
Stocks/Bonds 20/80 Momentum +6.09 4.97 -17.91 20 80 0
All Country World 20/80 +5.61 5.65 -17.97 20 80 0
Stocks/Bonds 20/80 +5.59 4.93 -16.57 20 80 0
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