Stocks/Bonds 40/60 Momentum Portfolio: ETF allocation and returns

Data Source: from January 1982 to November 2023 (~42 years)
Consolidated Returns as of 30 November 2023
Live Update: Dec 01 2023
PORTFOLIO • LIVE PERFORMANCE (USD currency)
0.60%
1 Day
Dec 01 2023
0.60%
Current Month
December 2023

The Stocks/Bonds 40/60 Momentum Portfolio is a Medium Risk portfolio and can be implemented with 2 ETFs.

It's exposed for 40% on the Stock Market.

In the last 30 Years, the Stocks/Bonds 40/60 Momentum Portfolio obtained a 7.75% compound annual return, with a 6.99% standard deviation.

Table of contents

Asset Allocation and ETFs

The Stocks/Bonds 40/60 Momentum Portfolio has the following asset allocation:

40% Stocks
60% Fixed Income
0% Commodities

The Stocks/Bonds 40/60 Momentum Portfolio can be implemented with the following ETFs:

Weight (%) Ticker Currency ETF Name Investment Themes
40.00
MTUM
USD iShares Edge MSCI USA Momentum Fctr Equity, U.S., Large Cap, Growth
60.00
BND
USD Vanguard Total Bond Market Bond, U.S., All-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 Stocks/Bonds 40/60 Momentum 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.
STOCKS/BONDS 40/60 MOMENTUM 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
(~42Y)
Stocks/Bonds 40/60 Momentum Portfolio 0.60 0.60 6.39 3.99 0.67 3.80 5.44 7.75 9.56
US Inflation Adjusted return 6.39 2.79 -2.59 -0.26 2.55 5.10 6.50
Components
MTUM
USD iShares Edge MSCI USA Momentum Fctr 0.27 Dec 01 2023 0.27 9.23 11.55 0.11 8.09 11.25 12.01 13.29
BND
USD Vanguard Total Bond Market 0.82 Dec 01 2023 0.82 4.54 -0.60 0.97 0.72 1.33 4.12 6.43
Returns over 1 year are annualized | Available data source: since Jan 1982
(*) 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 Stocks/Bonds 40/60 Momentum Portfolio granted a 1.92% dividend yield. If you are interested in getting periodic income, please refer to the Stocks/Bonds 40/60 Momentum Portfolio: Dividend Yield page.

Capital Growth as of Nov 30, 2023

An investment of 1$, since December 1993, now would be worth 9.39$, with a total return of 839.07% (7.75% annualized).

The Inflation Adjusted Capital now would be 4.45$, with a net total return of 345.01% (5.10% annualized).
An investment of 1$, since January 1982, now would be worth 45.88$, with a total return of 4487.77% (9.56% annualized).

The Inflation Adjusted Capital now would be 14.02$, with a net total return of 1301.66% (6.50% annualized).

Portfolio Metrics as of Nov 30, 2023

Metrics of Stocks/Bonds 40/60 Momentum Portfolio, updated as of 30 November 2023.

Metrics are calculated based on monthly returns, assuming:
STOCKS/BONDS 40/60 MOMENTUM PORTFOLIO
Advanced Metrics
Data Source: 1 January 1982 - 30 November 2023 (~42 years)
Swipe left to see all data
Metrics as of Nov 30, 2023
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~42Y)
Investment Return (%) 6.39 1.15 3.99 0.67 -2.64 3.80 5.44 6.28 7.75 9.56
Infl. Adjusted Return (%) details 6.39 0.94 2.79 -2.59 -7.92 -0.26 2.55 3.59 5.10 6.50
US Inflation (%) 0.00 0.21 1.17 3.35 5.74 4.07 2.82 2.59 2.52 2.87
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 (%) -5.38 -21.11 -21.11 -21.11 -21.11 -21.11 -21.11
Start to Recovery (# months) details 12 25* 25* 25* 25* 25* 25*
Start (yyyy mm) 2022 12 2021 11 2021 11 2021 11 2021 11 2021 11 2021 11
Start to Bottom (# months) 11 11 11 11 11 11 11
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) 2023 11 - - - - - -
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest
-20.54 -20.54 -20.54
Start to Recovery (# months) details 30 30 30
Start (yyyy mm) 2022 12 2021 11 2021 11 2021 11 2007 11 2007 11 2007 11
Start to Bottom (# months) 11 11 11 11 16 16 16
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 14 14 14
End (yyyy mm) 2023 11 - - - 2010 04 2010 04 2010 04
Longest negative period (# months) details 11 36* 46 46 46 46 46
Period Start (yyyy mm) 2022 12 2020 12 2020 01 2020 01 2020 01 2020 01 2020 01
Period End (yyyy mm) 2023 10 2023 11 2023 10 2023 10 2023 10 2023 10 2023 10
Annualized Return (%) -5.86 -2.64 -0.12 -0.12 -0.12 -0.12 -0.12
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -8.44 -27.84 -27.84 -27.84 -27.84 -27.84 -27.84
Start to Recovery (# months) details 12* 25* 25* 25* 25* 25* 25*
Start (yyyy mm) 2022 12 2021 11 2021 11 2021 11 2021 11 2021 11 2021 11
Start to Bottom (# months) 11 24 24 24 24 24 24
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10
Bottom to End (# months) 1 1 1 1 1 1 1
End (yyyy mm) - - - - - - -
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest
-21.76 -12.46 -12.46
Start to Recovery (# months) details 38 40 40
Start (yyyy mm) 2022 12 2021 11 2021 11 2021 11 2007 11 2000 09 2000 09
Start to Bottom (# months) 11 24 24 24 16 25 25
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2009 02 2002 09 2002 09
Bottom to End (# months) 1 1 1 1 22 15 15
End (yyyy mm) - - - - 2010 12 2003 12 2003 12
Longest negative period (# months) details 12* 36* 60* 77 77 102 102
Period Start (yyyy mm) 2022 12 2020 12 2018 12 2017 06 2017 06 2000 09 2000 09
Period End (yyyy mm) 2023 11 2023 11 2023 11 2023 10 2023 10 2009 02 2009 02
Annualized Return (%) -2.59 -7.92 -0.26 -0.20 -0.20 -0.12 -0.12
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 9.56 9.92 9.72 7.77 7.06 6.99 7.43
Sharpe Ratio -0.44 -0.46 0.22 0.57 0.71 0.79 0.75
Sortino Ratio -0.68 -0.64 0.30 0.75 0.91 1.04 1.01
Ulcer Index 2.43 12.59 9.87 7.09 6.06 5.21 4.65
Ratio: Return / Standard Deviation 0.07 -0.27 0.39 0.70 0.89 1.11 1.29
Ratio: Return / Deepest Drawdown 0.12 -0.12 0.18 0.26 0.30 0.37 0.45
% Positive Months details 50% 50% 60% 62% 65% 66% 68%
Positive Months 6 18 36 75 157 241 344
Negative Months 6 18 24 45 83 119 159
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 5.44 9.65 12.17 15.39
Worst 10 Years Return (%) - Annualized 4.92 3.94 3.94
Best 10 Years Return (%) - Annualized 2.55 7.75 9.51 11.89
Worst 10 Years Return (%) - Annualized 2.07 1.33 1.33
ROLLING PERIOD RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 29.26 21.06 20.43 12.17 9.59 7.75
Worst Rolling Return (%) - Annualized -18.20 -3.20 1.79 3.94 5.98
% Positive Periods 83% 96% 100% 100% 100% 100%
Best Rolling Return (%) - Annualized 27.51 18.66 17.64 9.51 7.12 5.10
Worst Rolling Return (%) - Annualized -24.40 -8.46 -1.94 1.33 3.32
% Positive Periods 78% 83% 94% 100% 100% 100%
Over all the available data source (Jan 1982 - Nov 2023)
Best Rolling Return (%) - Annualized 40.48 23.14 20.66 15.39 13.50 11.14
Worst Rolling Return (%) - Annualized -18.20 -3.20 1.79 3.94 5.98 7.50
% Positive Periods 84% 97% 100% 100% 100% 100%
Best Rolling Return (%) - Annualized 36.95 19.54 17.64 11.89 9.95 7.90
Worst Rolling Return (%) - Annualized -24.40 -8.46 -1.94 1.33 3.32 4.85
% Positive Periods 78% 88% 96% 100% 100% 100%
WITHDRAWAL RATES (WR)
1Y 3Y 5Y 10Y 20Y 30Y MAX
Safe WR (%) 30.64 22.17 12.70 7.49 7.85 10.44
Perpetual WR (%) 0.00 0.00 2.49 3.47 4.85 6.10
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
MTUM
BND
MTUM
-
0.66
BND
0.66
-
Asset
MTUM
BND
MTUM
-
0.46
BND
0.46
-
Asset
MTUM
BND
MTUM
-
0.38
BND
0.38
-
Asset
MTUM
BND
MTUM
-
0.18
BND
0.18
-
Asset
MTUM
BND
MTUM
-
0.24
BND
0.24
-

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.

STOCKS/BONDS 40/60 MOMENTUM PORTFOLIO
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1982 - 30 November 2023 (~42 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-21.11% Nov 2021 Sep 2022 11 in progress 14 25 15.00
-20.54% Nov 2007 Feb 2009 16 Apr 2010 14 30 9.31
-8.48% Feb 2001 Sep 2002 20 May 2003 8 28 4.78
-7.10% Feb 2020 Mar 2020 2 May 2020 2 4 3.36
-5.91% Feb 1994 Jun 1994 5 Feb 1995 8 13 3.86
-5.89% Oct 2018 Dec 2018 3 Mar 2019 3 6 3.46
-4.13% Aug 1998 Aug 1998 1 Oct 1998 2 3 2.07
-3.77% Sep 2020 Oct 2020 2 Nov 2020 1 3 2.07
-3.62% Jun 2011 Sep 2011 4 Oct 2011 1 5 1.65
-3.61% Aug 2016 Nov 2016 4 Feb 2017 3 7 1.91
-3.48% May 2010 Jun 2010 2 Sep 2010 3 5 1.81
-3.33% Sep 2000 Nov 2000 3 Jan 2001 2 5 1.92
-2.95% Aug 2015 Sep 2015 2 Mar 2016 6 8 1.42
-2.69% Aug 1997 Aug 1997 1 Sep 1997 1 2 1.55
-2.55% Feb 2018 Apr 2018 3 Aug 2018 4 7 1.34
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-27.84% Nov 2021 Oct 2023 24 in progress 1 25 20.87
-21.76% Nov 2007 Feb 2009 16 Dec 2010 22 38 10.23
-12.46% Sep 2000 Sep 2002 25 Dec 2003 15 40 6.93
-7.16% Feb 2020 Mar 2020 2 May 2020 2 4 3.37
-7.05% Feb 1994 Jun 1994 5 Apr 1995 10 15 4.88
-5.46% Sep 2018 Dec 2018 4 Apr 2019 4 8 2.96
-4.24% Aug 1998 Aug 1998 1 Oct 1998 2 3 2.13
-4.13% May 2011 Sep 2011 5 Oct 2011 1 6 1.76
-3.94% Sep 2020 Oct 2020 2 Nov 2020 1 3 2.18
-3.90% Aug 2016 Nov 2016 4 Apr 2017 5 9 2.01
-3.89% Jan 2021 Mar 2021 3 Oct 2021 7 10 1.96
-3.59% Feb 2018 Apr 2018 3 Aug 2018 4 7 2.18
-3.41% Mar 2006 Jun 2006 4 Sep 2006 3 7 2.08
-2.92% Mar 2004 Apr 2004 2 Oct 2004 6 8 1.75
-2.87% Aug 1997 Aug 1997 1 Nov 1997 3 4 1.32
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-21.11% Nov 2021 Sep 2022 11 in progress 14 25 15.00
-20.54% Nov 2007 Feb 2009 16 Apr 2010 14 30 9.31
-13.77% Sep 1987 Nov 1987 3 Mar 1989 16 19 6.65
-8.48% Feb 2001 Sep 2002 20 May 2003 8 28 4.78
-7.10% Feb 2020 Mar 2020 2 May 2020 2 4 3.36
-6.28% Feb 1984 May 1984 4 Aug 1984 3 7 3.29
-5.91% Feb 1994 Jun 1994 5 Feb 1995 8 13 3.86
-5.89% Oct 2018 Dec 2018 3 Mar 2019 3 6 3.46
-5.29% Aug 1990 Sep 1990 2 Dec 1990 3 5 3.29
-4.37% Sep 1986 Sep 1986 1 Nov 1986 2 3 2.27
-4.13% Aug 1998 Aug 1998 1 Oct 1998 2 3 2.07
-3.77% Sep 2020 Oct 2020 2 Nov 2020 1 3 2.07
-3.66% Jan 1990 Jan 1990 1 May 1990 4 5 2.22
-3.62% Jun 2011 Sep 2011 4 Oct 2011 1 5 1.65
-3.61% Aug 2016 Nov 2016 4 Feb 2017 3 7 1.91
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-27.84% Nov 2021 Oct 2023 24 in progress 1 25 20.87
-21.76% Nov 2007 Feb 2009 16 Dec 2010 22 38 10.23
-14.52% Sep 1987 Nov 1987 3 Jun 1989 19 22 8.37
-12.46% Sep 2000 Sep 2002 25 Dec 2003 15 40 6.93
-9.44% May 1983 May 1984 13 Nov 1984 6 19 4.16
-7.16% Feb 2020 Mar 2020 2 May 2020 2 4 3.37
-7.05% Feb 1994 Jun 1994 5 Apr 1995 10 15 4.88
-6.93% Aug 1990 Sep 1990 2 Jan 1991 4 6 4.29
-5.46% Sep 2018 Dec 2018 4 Apr 2019 4 8 2.96
-4.85% Jan 1990 Apr 1990 4 May 1990 1 5 3.48
-4.80% Sep 1986 Sep 1986 1 Jan 1987 4 5 2.16
-4.24% Aug 1998 Aug 1998 1 Oct 1998 2 3 2.13
-4.13% May 2011 Sep 2011 5 Oct 2011 1 6 1.76
-3.94% Sep 2020 Oct 2020 2 Nov 2020 1 3 2.18
-3.90% Aug 2016 Nov 2016 4 Apr 2017 5 9 2.01

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.

STOCKS/BONDS 40/60 MOMENTUM PORTFOLIO
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1982 - 30 November 2023 (~42 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 -18.20 10/2021
09/2022
0.81$ -0.48 0.99$ 9.21 1.09$ 16.54 1.16$ 29.26 04/1997
03/1998
1.29$ 0.67 16.91%
2Y -10.41 11/2021
10/2023
0.80$ 0.86 1.01$ 8.88 1.18$ 14.91 1.32$ 24.04 04/1997
03/1999
1.53$ -6.82 13.65%
3Y -3.20 10/2020
09/2023
0.90$ 2.05 1.06$ 8.55 1.27$ 13.44 1.46$ 21.06 05/1996
04/1999
1.77$ -2.64 3.38%
5Y 1.79 03/2004
02/2009
1.09$ 4.60 1.25$ 7.58 1.44$ 10.62 1.65$ 20.43 01/1995
12/1999
2.53$ 3.80 0.00%
7Y 3.39 03/2002
02/2009
1.26$ 5.78 1.48$ 7.13 1.61$ 9.84 1.92$ 14.85 05/1994
04/2001
2.63$ 5.35 0.00%
10Y 3.94 03/1999
02/2009
1.47$ 5.78 1.75$ 7.11 1.98$ 9.84 2.55$ 12.17 01/1995
12/2004
3.15$ 5.44 0.00%
15Y 5.33 10/2007
09/2022
2.17$ 6.19 2.46$ 7.26 2.86$ 8.49 3.39$ 9.59 12/1994
11/2009
3.95$ 6.98 0.00%
20Y 5.98 11/2003
10/2023
3.19$ 6.63 3.61$ 7.34 4.12$ 8.88 5.48$ 9.59 12/1994
11/2014
6.23$ 6.28 0.00%
30Y 7.75 12/1993
11/2023
9.39$ 7.75 9.39$ 7.75 9.39$ 7.75 9.39$ 7.75 12/1993
11/2023
9.39$ 7.75 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 -24.40 10/2021
09/2022
0.75$ -2.62 0.97$ 6.62 1.06$ 13.70 1.13$ 27.51 04/1997
03/1998
1.27$ -2.59 21.49%
2Y -15.05 11/2021
10/2023
0.72$ -1.42 0.97$ 6.38 1.13$ 12.00 1.25$ 22.15 04/1997
03/1999
1.49$ -11.43 17.80%
3Y -8.46 10/2020
09/2023
0.76$ -0.19 0.99$ 6.27 1.20$ 10.50 1.34$ 18.66 08/1996
07/1999
1.67$ -7.92 16.92%
5Y -1.94 10/2018
09/2023
0.90$ 2.02 1.10$ 5.68 1.31$ 8.36 1.49$ 17.64 01/1995
12/1999
2.25$ -0.26 5.32%
7Y 0.62 11/2016
10/2023
1.04$ 3.04 1.23$ 4.88 1.39$ 7.61 1.67$ 11.89 05/1994
04/2001
2.19$ 1.76 0.00%
10Y 1.33 03/1999
02/2009
1.14$ 3.10 1.35$ 4.81 1.59$ 7.34 2.03$ 9.51 01/1995
12/2004
2.48$ 2.55 0.00%
15Y 2.88 10/2007
09/2022
1.53$ 3.86 1.76$ 5.08 2.10$ 5.89 2.35$ 6.94 12/1994
11/2009
2.73$ 4.37 0.00%
20Y 3.32 11/2003
10/2023
1.92$ 4.15 2.25$ 5.08 2.69$ 6.40 3.46$ 7.12 12/1994
11/2014
3.95$ 3.59 0.00%
30Y 5.10 12/1993
11/2023
4.45$ 5.10 4.45$ 5.10 4.45$ 5.10 4.45$ 5.10 12/1993
11/2023
4.45$ 5.10 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 -18.20 10/2021
09/2022
0.81$ -0.05 0.99$ 9.92 1.09$ 18.76 1.18$ 40.48 07/1982
06/1983
1.40$ 0.67 15.04%
2Y -10.41 11/2021
10/2023
0.80$ 3.22 1.06$ 9.44 1.19$ 17.08 1.37$ 28.32 07/1984
06/1986
1.64$ -6.82 9.58%
3Y -3.20 10/2020
09/2023
0.90$ 3.86 1.12$ 9.41 1.30$ 15.83 1.55$ 23.14 08/1984
07/1987
1.86$ -2.64 2.35%
5Y 1.79 03/2004
02/2009
1.09$ 4.95 1.27$ 9.49 1.57$ 13.94 1.92$ 20.66 04/1982
03/1987
2.55$ 3.80 0.00%
7Y 3.39 03/2002
02/2009
1.26$ 5.97 1.50$ 8.92 1.81$ 14.13 2.52$ 16.62 08/1982
07/1989
2.93$ 5.35 0.00%
10Y 3.94 03/1999
02/2009
1.47$ 6.28 1.83$ 9.24 2.42$ 13.16 3.44$ 15.39 01/1982
12/1991
4.18$ 5.44 0.00%
15Y 5.33 10/2007
09/2022
2.17$ 6.56 2.59$ 8.61 3.45$ 13.15 6.37$ 15.14 07/1984
06/1999
8.28$ 6.98 0.00%
20Y 5.98 11/2003
10/2023
3.19$ 6.84 3.75$ 9.09 5.69$ 11.65 9.05$ 13.50 04/1982
03/2002
12.58$ 6.28 0.00%
30Y 7.50 11/1993
10/2023
8.75$ 8.64 12.02$ 9.37 14.69$ 10.30 18.95$ 11.14 04/1982
03/2012
23.74$ 7.75 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 -24.40 10/2021
09/2022
0.75$ -2.47 0.97$ 7.14 1.07$ 15.80 1.15$ 36.95 07/1982
06/1983
1.36$ -2.59 21.14%
2Y -15.05 11/2021
10/2023
0.72$ 1.02 1.02$ 6.76 1.13$ 13.05 1.27$ 24.87 07/1984
06/1986
1.55$ -11.43 13.54%
3Y -8.46 10/2020
09/2023
0.76$ 1.16 1.03$ 6.78 1.21$ 12.29 1.41$ 19.54 08/1984
07/1987
1.70$ -7.92 11.75%
5Y -1.94 10/2018
09/2023
0.90$ 2.52 1.13$ 6.78 1.38$ 10.30 1.63$ 17.64 01/1995
12/1999
2.25$ -0.26 3.60%
7Y 0.62 11/2016
10/2023
1.04$ 3.35 1.25$ 6.80 1.58$ 10.84 2.05$ 12.81 01/1993
12/1999
2.32$ 1.76 0.00%
10Y 1.33 03/1999
02/2009
1.14$ 3.78 1.44$ 7.08 1.98$ 9.39 2.45$ 11.89 09/1990
08/2000
3.07$ 2.55 0.00%
15Y 2.88 10/2007
09/2022
1.53$ 4.22 1.85$ 6.01 2.40$ 9.54 3.92$ 11.57 07/1984
06/1999
5.16$ 4.37 0.00%
20Y 3.32 11/2003
10/2023
1.92$ 4.59 2.45$ 6.39 3.45$ 8.35 4.97$ 9.95 03/1982
02/2002
6.66$ 3.59 0.00%
30Y 4.85 11/1993
10/2023
4.14$ 6.05 5.82$ 6.76 7.12$ 7.35 8.38$ 7.90 07/1982
06/2012
9.79$ 5.10 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 Stocks/Bonds 40/60 Momentum Portfolio: Rolling Returns page.

Seasonality

In which months is it better to invest in Stocks/Bonds 40/60 Momentum 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.
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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
0.59
80%
-1.36
20%
-0.52
60%
0.83
80%
0.02
60%
1.14
80%
1.92
100%
0.77
60%
-2.57
0%
0.86
60%
2.97
80%
-0.44
40%
Best 3.2
2019
1.3
2019
2.0
2019
6.0
2020
2.6
2020
3.3
2019
3.7
2020
3.3
2020
-0.8
2019
3.8
2022
6.4
2023
1.6
2020
Worst -4.9
2022
-3.3
2023
-5.3
2020
-7.4
2022
-2.6
2023
-3.4
2022
0.6
2023
-2.5
2022
-4.8
2022
-2.1
2020
-1.6
2021
-2.1
2018
Monthly Seasonality over the period Feb 1982 - 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
0.73
80%
-0.18
50%
-0.19
50%
0.49
60%
0.86
80%
0.83
70%
1.50
90%
0.69
60%
-1.24
30%
0.47
60%
1.73
70%
-0.07
50%
Best 3.2
2019
2.9
2014
2.6
2016
6.0
2020
2.6
2020
3.3
2019
3.7
2020
3.3
2020
1.0
2017
3.8
2022
6.4
2023
1.6
2020
Worst -4.9
2022
-3.3
2023
-5.3
2020
-7.4
2022
-2.6
2023
-3.4
2022
-0.6
2014
-2.7
2015
-4.8
2022
-4.8
2018
-1.8
2016
-2.1
2018
Monthly Seasonality over the period Feb 1982 - 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
0.97
74%
0.37
64%
0.51
64%
0.98
69%
0.86
71%
0.65
67%
1.03
69%
0.82
69%
0.09
60%
0.84
71%
1.25
71%
1.07
71%
Best 6.0
1987
5.1
1986
4.6
2000
6.0
2020
5.9
1985
3.3
2019
5.3
1989
7.8
1982
4.1
1998
7.4
1982
6.4
2023
6.5
1991
Worst -4.9
2022
-4.8
2009
-5.3
2020
-7.4
2022
-4.3
1984
-3.4
2022
-2.8
1983
-4.1
1998
-4.8
2022
-8.9
1987
-3.1
1987
-2.1
2018
Monthly Seasonality over the period Feb 1982 - Nov 2023

Monthly Returns

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

STOCKS/BONDS 40/60 MOMENTUM PORTFOLIO
Monthly Returns Distribution
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1982 - 30 November 2023 (~42 years)
241 Positive Months (67%) - 119 Negative Months (33%)
344 Positive Months (68%) - 159 Negative Months (32%)
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(Scroll down to see all data)
Investment Returns, up to December 2013, 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:
  • MTUM - iShares Edge MSCI USA Momentum Fctr, up to December 2013
  • BND - Vanguard Total Bond Market, up to December 2007

Portfolio efficiency

No other portfolio in our database 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 Author Return Dev.Std Drawdown Stocks Bonds Comm
Stocks/Bonds 40/60 Momentum +7.75 6.99 -21.11 40 60 0

The following portfolios share asset allocation strategy and/or similar asset weights.

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5 Years Stats (%)
% Allocation
Portfolio Author Return Dev.Std Drawdown Stocks Bonds Comm
Stocks/Bonds 40/60 with Bitcoin +7.06 10.64 -19.39 39 59 2
Stocks/Bonds 40/60 2x Leveraged +5.86 18.53 -36.46 40 60 0
Stocks/Bonds 40/60 ESG +5.73 9.85 -19.76 40 60 0
Stocks/Bonds 40/60 +5.34 9.96 -18.63 40 60 0
Stocks/Bonds 40/60 Momentum +3.80 9.72 -21.11 40 60 0

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

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30 Years Stats (%)
% Allocation
Portfolio Author Return Dev.Std Drawdown Stocks Bonds Comm
Couch Potato Scott Burns +7.83 8.76 -27.04 50 50 0
Stocks/Bonds 40/60 Momentum +7.75 6.99 -21.11 40 60 0
All Weather Portfolio Ray Dalio +7.19 7.39 -20.58 30 55 15
Robo Advisor 50 Betterment +7.16 9.32 -30.72 49.9 50.1 0
One-Decision Portfolio Marvin Appel +6.85 8.38 -31.96 50 50 0
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