Davide Pisicchio PISI Portfolio: Rebalancing Strategy
Managing the Davide Pisicchio PISI Portfolio with a yearly rebalancing, you would have obtained a 10.29% compound annual return in the last 30 Years.
With a quarterly rebalancing, over the same period, the return would have been 7.11%.
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.
At fixed time intervals:
- Yearly: Jan 1st
- Half Yearly: Jan 1st, Jul 1st
- Quarterly: Jan 1st, Apr 1st, Jul 1st, Oct 1st
Portfolio Returns as of Jun 30, 2026
Implementing different rebalancing strategies, the Davide Pisicchio PISI Portfolio guaranteed the following returns.
Portfolio returns are calculated in USD, assuming:
- No fees or capital gain taxes
- the reinvestment of dividends, if existing
| Return (%) and number of rebalances as of Jun 30, 2026 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Rebalancing Strategy | 1Y | 5Y | 10Y | 30Y |
MAX (~227Y) |
|||||
| No Rebalancing | 23.16 | (0) | 12.23 | (0) | 15.01 | (0) | 10.29 | (0) | 7.94 | (0) |
| Yearly Rebalancing | 11.24 | (1) | 5.08 | (5) | 6.31 | (10) | 7.24 | (30) | 6.02 | (227) |
| Half Yearly Rebalancing | 10.80 | (2) | 4.87 | (10) | 6.29 | (20) | 7.11 | (60) | 6.00 | (453) |
| Quarterly Rebalancing | 10.98 | (4) | 4.90 | (20) | 6.41 | (40) | 7.23 | (120) | 6.01 | (906) |
| 5% Tolerance per asset | 11.90 | (1) | 5.20 | (3) | 6.66 | (8) | 7.32 | (21) | 6.04 | (93) |
| 10% Tolerance per asset | 11.08 | (0) | 5.31 | (1) | 6.75 | (3) | 7.58 | (8) | 6.22 | (31) |
In order to have complete information about the portfolio, please refer to the Davide Pisicchio PISI Portfolio: ETF allocation and returns page.
Performances as of Jun 30, 2026
Historical returns and stats of Davide Pisicchio PISI Portfolio, after implementing different rebalancing strategies.
|
Standard Deviation
|
Max Drawdown (%)
|
|||||
|---|---|---|---|---|---|---|
| Rebalancing Strategy | Return % | Std Dev(%) | Ret. / Std Dev | MaxDD(%) | Ret. / MaxDD | |
| No Rebalancing | 7.94 | (0) | 12.60 | 0.63 | -80.28 | 0.10 |
| Yearly Rebalancing | 6.02 | (227) | 5.59 | 1.08 | -34.97 | 0.17 |
| Half Yearly Rebalancing | 6.00 | (453) | 5.64 | 1.06 | -34.63 | 0.17 |
| Quarterly Rebalancing | 6.01 | (906) | 5.67 | 1.06 | -35.09 | 0.17 |
| 5% Tolerance per asset | 6.04 | (93) | 5.69 | 1.06 | -35.37 | 0.17 |
| 10% Tolerance per asset | 6.22 | (31) | 5.76 | 1.08 | -31.68 | 0.20 |
Drawdowns as of Jun 30, 2026
Historical Drawdowns of Davide Pisicchio PISI Portfolio, after implementing different rebalancing strategies.
|
Rebalancing
|
Tolerance per asset
|
||||
|---|---|---|---|---|---|
| No Rebalancing | Yearly | Half Yearly | Quarterly | 5% | 10% |
|
-80.28
Sep 1929 - Nov 1944
|
-34.97
Sep 1929 - Apr 1935
|
-34.63
Sep 1929 - Jun 1933
|
-35.09
Sep 1929 - Jun 1933
|
-35.37
Sep 1929 - Jun 1933
|
-31.68
Sep 1929 - May 1933
|
|
-50.67
Nov 2007 - Feb 2012
|
-18.36
Jan 2022 - Jul 2024
|
-18.30
Jan 2022 - Jul 2024
|
-18.30
Jan 2022 - Jul 2024
|
-18.72
Jan 2022 - Jul 2024
|
-18.61
Jan 2022 - Jun 2024
|
|
-45.58
Jan 1973 - Dec 1976
|
-16.23
Mar 1937 - Oct 1939
|
-16.67
Mar 1937 - Oct 1939
|
-16.96
Mar 1937 - Sep 1939
|
-16.94
Mar 1937 - Oct 1939
|
-17.57
Mar 1937 - Jun 1941
|
|
-43.79
Sep 2000 - Mar 2006
|
-12.51
Mar 1974 - Feb 1975
|
-13.37
Mar 1974 - Feb 1975
|
-12.78
Mar 1974 - Feb 1975
|
-13.29
Mar 1974 - May 1975
|
-13.80
Mar 2008 - Aug 2009
|
|
-29.89
Dec 1968 - Mar 1971
|
-12.33
Dec 1968 - Nov 1970
|
-12.38
Dec 1968 - Nov 1970
|
-12.64
Mar 2008 - Sep 2009
|
-12.79
Dec 1968 - Dec 1970
|
-12.97
Dec 1968 - Dec 1970
|
| 5 Worst Drawdowns - Average | |||||
| -50.04 | -18.88 | -19.07 | -19.15 | -19.42 | -18.93 |
| 10 Worst Drawdowns - Average | |||||
| -37.26 | -15.11 | -15.27 | -15.34 | -15.38 | -15.30 |
For a deeper insight, please refer to the Davide Pisicchio PISI Portfolio: ETF allocation and returns page.