Marvin Appel One-Decision Portfolio: Rebalancing Strategy

Data Source: from January 1928 to February 2024
Consolidated Returns as of 29 February 2024

Managing the Marvin Appel One-Decision Portfolio with a yearly rebalancing, you would have obtained a 6.99% compound annual return in the last 30 Years.

With a quarterly rebalancing, over the same period, the return would have been 7.03%.

How do returns and drawdowns change, implementing different rebalancing strategies?

Rebalancing Strategies

In order to keep risk under control, you should rebalance assets quotes from time to time, so to keep them at the original percentage of the asset allocation.

Rebalancing can be performed in several ways.

At fixed time intervals:
  • Yearly: Jan 1st
  • Half Yearly: Jan 1st, Jul 1st
  • Quarterly: Jan 1st, Apr 1st, Jul 1st, Oct 1st
When a component (at least one) diverges from its original weight beyond a certain threshold (e.g. 5% or 10%).

Portfolio Returns as of Feb 29, 2024

Implementing different rebalancing strategies, the Marvin Appel One-Decision Portfolio guaranteed the following returns.

According to the available data source, we assume we built the portfolio on January 1928.

Portfolio returns are calculated in USD, assuming:
  • No fees or capital gain taxes
  • the reinvestment of dividends, if existing
MARVIN APPEL ONE-DECISION PORTFOLIO RETURNS
Period: January 1928 - February 2024
Annualized Returns
Swipe left to see all data
Return (%) and number of rebalances as of Feb 29, 2024
Rebalancing Strategy 1Y 5Y 10Y 30Y MAX
(~96Y)
Yearly Rebalancing 9.54 (1) 5.81 (5) 5.66 (10) 6.99 (30) 7.25 (97)
Half Yearly Rebalancing 9.47 (2) 5.78 (10) 5.64 (20) 6.89 (60) 7.25 (193)
Quarterly Rebalancing 9.64 (4) 5.93 (20) 5.73 (40) 7.03 (120) 7.30 (385)
5% Tolerance per asset 9.83 (0) 6.01 (3) 5.75 (5) 7.13 (16) 7.41 (49)
10% Tolerance per asset 9.87 (0) 5.97 (1) 5.83 (1) 7.14 (5) 7.45 (14)

In order to have complete information about the portfolio, please refer to the Marvin Appel One-Decision Portfolio: ETF allocation and returns page.

Performances as of Feb 29, 2024

Historical returns and stats of Marvin Appel One-Decision Portfolio, after implementing different rebalancing strategies.

MARVIN APPEL ONE-DECISION PORTFOLIO PERFORMANCES
Period: January 1928 - February 2024
Swipe left to see all data
Standard Deviation
Max Drawdown (%)
Rebalancing Strategy Return % Std Dev(%) Ret. / Std Dev MaxDD(%) Ret. / MaxDD
Yearly Rebalancing 7.25 (97) 9.39 0.77 -47.77 0.15
Half Yearly Rebalancing 7.25 (193) 9.58 0.76 -47.43 0.15
Quarterly Rebalancing 7.30 (385) 9.66 0.76 -47.99 0.15
5% Tolerance per asset 7.41 (49) 9.65 0.77 -48.54 0.15
10% Tolerance per asset 7.45 (14) 9.79 0.76 -48.01 0.16
(*) Since Jan 1928 (~96 yrs) | Annualized Returns (and number of rebalances)

Drawdowns as of Feb 29, 2024

Historical Drawdowns of Marvin Appel One-Decision Portfolio, after implementing different rebalancing strategies.

MARVIN APPEL ONE-DECISION PORTFOLIO DRAWDOWNS
Period: January 1928 - February 2024
Swipe left to see all data
Rebalancing
Tolerance per asset
Yearly Half Yearly Quarterly 5% 10%
-47.77
Sep 1929 - Jul 1936
-47.43
Sep 1929 - Dec 1935
-47.99
Sep 1929 - Oct 1935
-48.54
Sep 1929 - Jan 1936
-48.01
Sep 1929 - Feb 1936
-31.96
Jun 2007 - Oct 2010
-32.46
Jun 2007 - Oct 2010
-31.93
Jun 2007 - Sep 2010
-32.39
Jun 2007 - Apr 2010
-34.37
Jun 2007 - Feb 2011
-23.43
Aug 1937 - Jan 1943
-24.05
Aug 1937 - Jan 1943
-24.49
Aug 1937 - Jan 1943
-23.45
Aug 1937 - Feb 1943
-27.10
Mar 1937 - Mar 1943
-18.44
Dec 1972 - Jun 1975
-19.13
Dec 1972 - Jun 1975
-19.01
Dec 1972 - Jun 1975
-18.76
Dec 1972 - Jun 1975
-18.05
Dec 1972 - Jan 1976
-16.74
Jan 2022 - In progress
-17.06
Jan 2022 - In progress
-17.18
Jan 2022 - In progress
-17.03
Jan 2022 - In progress
-18.05
Jan 2022 - In progress
5 Worst Drawdowns - Average
-27.67 -28.03 -28.12 -28.04 -29.12
10 Worst Drawdowns - Average
-19.26 -19.30 -19.35 -19.57 -20.44

For a deeper insight, please refer to the Marvin Appel One-Decision Portfolio: ETF allocation and returns page.