Data Source: from January 1871 to November 2023 (~153 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)
0.83%
1 Day
Dec 01 2023
0.83%
Current Month
December 2023
The Stocks/Bonds 40/60 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 Portfolio obtained a 6.83% compound annual return, with a 6.98% standard deviation.
Table of contents
Asset Allocation and ETFs
The Stocks/Bonds 40/60 Portfolio has the following asset allocation:
40% Stocks
60% Fixed Income
0% Commodities
The Stocks/Bonds 40/60 Portfolio can be implemented with the following ETFs:
| Weight (%) | Ticker | Currency | ETF Name | Investment Themes |
|---|---|---|---|---|
| 40.00 |
VTI
|
USD | Vanguard Total Stock Market | Equity, U.S., Large Cap |
| 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 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.
STOCKS/BONDS 40/60 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
(~153Y) |
|||
| Stocks/Bonds 40/60 Portfolio | 0.83 | 0.83 | 6.63 | 3.81 | 5.92 | 5.34 | 5.41 | 6.83 | 6.71 | |||
| US Inflation Adjusted return | 6.63 | 2.61 | 2.49 | 1.22 | 2.52 | 4.20 | 4.50 | |||||
| Components | ||||||||||||
|
VTI
|
USD | Vanguard Total Stock Market | 0.84 | Dec 01 2023 | 0.84 | 9.42 | 10.04 | 12.72 | 11.71 | 11.16 | 9.90 | 9.08 |
|
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 | 4.48 |
Returns over 1 year are annualized | Available data source: since Jan 1871
(*) 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 Stocks/Bonds 40/60 Portfolio granted a 1.87% dividend yield. If you are interested in getting periodic income, please refer to the Stocks/Bonds 40/60 Portfolio: Dividend Yield page.
Capital Growth as of Nov 30, 2023
An investment of 1$, since December 1993,
now would be worth 7.26$, with a total return of 625.84% (6.83% annualized).
The Inflation Adjusted Capital now would be 3.44$, with a net total return of 243.96% (4.20% annualized).
The Inflation Adjusted Capital now would be 3.44$, with a net total return of 243.96% (4.20% annualized).
An investment of 1$, since January 1871,
now would be worth 20677.31$, with a total return of 2067630.65% (6.71% annualized).
The Inflation Adjusted Capital now would be 838.27$, with a net total return of 83727.13% (4.50% annualized).
The Inflation Adjusted Capital now would be 838.27$, with a net total return of 83727.13% (4.50% annualized).
Readings that may interest you
Portfolio Metrics as of Nov 30, 2023
Metrics of Stocks/Bonds 40/60 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.
STOCKS/BONDS 40/60 PORTFOLIO
Advanced Metrics
Data Source: 1 January 1871 - 30 November 2023 (~153 years)
Swipe left to see all data
| Metrics as of Nov 30, 2023 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | 20Y | 30Y |
MAX
(~153Y) |
|
| Investment Return (%) | 6.63 | 0.84 | 3.81 | 5.92 | 0.77 | 5.34 | 5.41 | 5.98 | 6.83 | 6.71 |
| Infl. Adjusted Return (%) details | 6.63 | 0.63 | 2.61 | 2.49 | -4.70 | 1.22 | 2.52 | 3.30 | 4.20 | 4.50 |
| US Inflation (%) | 0.00 | 0.21 | 1.17 | 3.35 | 5.74 | 4.07 | 2.82 | 2.59 | 2.52 | 2.12 |
| 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 (%) | -6.58 | -18.63 | -18.63 | -18.63 | -19.17 | -19.17 | -43.68 | |||
| Start to Recovery (# months) details | 4* | 23* | 23* | 23* | 25 | 25 | 73 | |||
| Start (yyyy mm) | 2023 08 | 2022 01 | 2022 01 | 2022 01 | 2007 11 | 2007 11 | 1929 09 | |||
| Start to Bottom (# months) | 3 | 9 | 9 | 9 | 16 | 16 | 33 | |||
| Bottom (yyyy mm) | 2023 10 | 2022 09 | 2022 09 | 2022 09 | 2009 02 | 2009 02 | 1932 05 | |||
| Bottom to End (# months) | 1 | 14 | 14 | 14 | 9 | 9 | 40 | |||
| End (yyyy mm) | - | - | - | - | 2009 11 | 2009 11 | 1935 09 | |||
| Longest Drawdown Depth (%) |
same as deepest |
same as deepest |
same as deepest |
same as deepest |
same as deepest |
-8.59 |
same as deepest |
|||
| Start to Recovery (# months) details | 33 | |||||||||
| Start (yyyy mm) | 2023 08 | 2022 01 | 2022 01 | 2022 01 | 2007 11 | 2000 09 | 1929 09 | |||
| Start to Bottom (# months) | 3 | 9 | 9 | 9 | 16 | 25 | 33 | |||
| Bottom (yyyy mm) | 2023 10 | 2022 09 | 2022 09 | 2022 09 | 2009 02 | 2002 09 | 1932 05 | |||
| Bottom to End (# months) | 1 | 14 | 14 | 14 | 9 | 8 | 40 | |||
| End (yyyy mm) | - | - | - | - | 2009 11 | 2003 05 | 1935 09 | |||
| Longest negative period (# months) details | 11 | 35 | 38 | 38 | 50 | 50 | 85 | |||
| Period Start (yyyy mm) | 2022 12 | 2020 12 | 2020 09 | 2020 09 | 2005 01 | 2005 01 | 1925 06 | |||
| Period End (yyyy mm) | 2023 10 | 2023 10 | 2023 10 | 2023 10 | 2009 02 | 2009 02 | 1932 06 | |||
| Annualized Return (%) | -0.73 | -1.40 | -0.47 | -0.47 | -0.46 | -0.46 | -0.01 | |||
| Drawdowns / Negative periods marked with * are in progress | ||||||||||
| Deepest Drawdown Depth (%) | -7.18 | -24.02 | -24.02 | -24.02 | -24.02 | -24.02 | -45.57 | |||
| Start to Recovery (# months) details | 4* | 27* | 27* | 27* | 27* | 27* | 108 | |||
| Start (yyyy mm) | 2023 08 | 2021 09 | 2021 09 | 2021 09 | 2021 09 | 2021 09 | 1916 01 | |||
| Start to Bottom (# months) | 3 | 13 | 13 | 13 | 13 | 13 | 54 | |||
| Bottom (yyyy mm) | 2023 10 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 1920 06 | |||
| Bottom to End (# months) | 1 | 14 | 14 | 14 | 14 | 14 | 54 | |||
| End (yyyy mm) | - | - | - | - | - | - | 1924 12 | |||
| Longest Drawdown Depth (%) | -3.23 |
same as deepest |
same as deepest |
same as deepest |
-20.41 | -12.73 | -30.32 | |||
| Start to Recovery (# months) details | 5 | 30 | 40 | 122 | ||||||
| Start (yyyy mm) | 2023 02 | 2021 09 | 2021 09 | 2021 09 | 2007 11 | 2000 09 | 1973 01 | |||
| Start to Bottom (# months) | 1 | 13 | 13 | 13 | 16 | 25 | 21 | |||
| Bottom (yyyy mm) | 2023 02 | 2022 09 | 2022 09 | 2022 09 | 2009 02 | 2002 09 | 1974 09 | |||
| Bottom to End (# months) | 4 | 14 | 14 | 14 | 14 | 15 | 101 | |||
| End (yyyy mm) | 2023 06 | - | - | - | 2010 04 | 2003 12 | 1983 02 | |||
| Longest negative period (# months) details | 11 | 36* | 59 | 71 | 71 | 116 | 281 | |||
| Period Start (yyyy mm) | 2022 12 | 2020 12 | 2018 12 | 2017 12 | 2017 12 | 1999 07 | 1897 08 | |||
| Period End (yyyy mm) | 2023 10 | 2023 11 | 2023 10 | 2023 10 | 2023 10 | 2009 02 | 1920 12 | |||
| Annualized Return (%) | -4.23 | -4.70 | -0.08 | -0.19 | -0.19 | -0.05 | -0.01 | |||
| Drawdowns / Negative periods marked with * are in progress | ||||||||||
|
RISK INDICATORS
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Standard Deviation (%) | 10.65 | 10.30 | 9.96 | 7.69 | 7.08 | 6.98 | 7.38 | |||
| Sharpe Ratio | 0.10 | -0.11 | 0.37 | 0.57 | 0.66 | 0.66 | 0.37 | |||
| Sortino Ratio | 0.15 | -0.15 | 0.50 | 0.76 | 0.87 | 0.87 | 0.52 | |||
| Ulcer Index | 2.51 | 9.35 | 7.39 | 5.34 | 4.82 | 4.25 | 5.46 | |||
| Ratio: Return / Standard Deviation | 0.56 | 0.08 | 0.54 | 0.70 | 0.84 | 0.98 | 0.91 | |||
| Ratio: Return / Deepest Drawdown | 0.90 | 0.04 | 0.29 | 0.29 | 0.31 | 0.36 | 0.15 | |||
| % Positive Months details | 50% | 55% | 63% | 67% | 68% | 67% | 63% | |||
| Positive Months | 6 | 20 | 38 | 81 | 165 | 244 | 1174 | |||
| Negative Months | 6 | 16 | 22 | 39 | 75 | 116 | 661 | |||
|
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Best 10 Years Return (%) - Annualized | 5.41 | 8.88 | 9.67 | 14.86 | ||||||
| Worst 10 Years Return (%) - Annualized | 4.85 | 2.89 | 2.03 | |||||||
| Best 10 Years Return (%) - Annualized | 2.52 | 7.00 | 7.07 | 12.38 | ||||||
| Worst 10 Years Return (%) - Annualized | 2.00 | 0.30 | -4.00 | |||||||
|
ROLLING PERIOD RETURNS
Inflation Adjusted:
Inflation Adjusted:
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Over the latest 30Y | ||||||||||
| Best Rolling Return (%) - Annualized | 25.63 | 17.79 | 15.33 | 9.67 | 8.13 | 6.83 | ||||
| Worst Rolling Return (%) - Annualized | -16.25 | -2.41 | 0.55 | 2.89 | 5.38 | |||||
| % Positive Periods | 85% | 97% | 100% | 100% | 100% | 100% | ||||
| Best Rolling Return (%) - Annualized | 23.87 | 15.00 | 12.66 | 7.07 | 5.69 | 4.20 | ||||
| Worst Rolling Return (%) - Annualized | -22.02 | -5.05 | -2.04 | 0.30 | 3.03 | |||||
| % Positive Periods | 78% | 86% | 97% | 100% | 100% | 100% | ||||
| Over all the available data source (Jan 1871 - Nov 2023) | ||||||||||
| Best Rolling Return (%) - Annualized | 54.88 | 21.82 | 20.32 | 14.86 | 13.30 | 11.12 | ||||
| Worst Rolling Return (%) - Annualized | -31.23 | -15.47 | -4.38 | 2.03 | 3.62 | 3.94 | ||||
| % Positive Periods | 81% | 96% | 97% | 100% | 100% | 100% | ||||
| Best Rolling Return (%) - Annualized | 65.85 | 18.67 | 16.38 | 12.38 | 9.08 | 7.42 | ||||
| Worst Rolling Return (%) - Annualized | -24.91 | -12.93 | -10.27 | -4.00 | -0.69 | 1.16 | ||||
| % Positive Periods | 69% | 82% | 86% | 89% | 98% | 100% | ||||
|
WITHDRAWAL RATES (WR)
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Safe WR (%) | 31.70 | 22.21 | 12.12 | 7.01 | 6.57 | 6.74 | ||||
| Perpetual WR (%) | 0.00 | 1.20 | 2.46 | 3.20 | 4.03 | 4.31 | ||||
- 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).
Talking about withdrawal rates, how would you manage your early retirement with the Stocks/Bonds 40/60 Portfolio? Read more here
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 |
VTI
|
BND
|
|---|---|---|
|
VTI
|
-
|
0.80
|
|
BND
|
0.80
|
-
|
| Asset |
VTI
|
BND
|
|---|---|---|
|
VTI
|
-
|
0.48
|
|
BND
|
0.48
|
-
|
| Asset |
VTI
|
BND
|
|---|---|---|
|
VTI
|
-
|
0.37
|
|
BND
|
0.37
|
-
|
| Asset |
VTI
|
BND
|
|---|---|---|
|
VTI
|
-
|
0.16
|
|
BND
|
0.16
|
-
|
| Asset |
VTI
|
BND
|
|---|---|---|
|
VTI
|
-
|
0.15
|
|
BND
|
0.15
|
-
|
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 PORTFOLIO
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1871 - 30 November 2023 (~153 years)
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
|||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -19.17% | Nov 2007 | Feb 2009 | 16 | Nov 2009 | 9 | 25 | 8.87 |
| -18.63% | Jan 2022 | Sep 2022 | 9 | in progress | 14 | 23 | 11.60 |
| -8.59% | Sep 2000 | Sep 2002 | 25 | May 2003 | 8 | 33 | 4.25 |
| -8.09% | Feb 2020 | Mar 2020 | 2 | May 2020 | 2 | 4 | 3.88 |
| -6.25% | Jul 1998 | Aug 1998 | 2 | Nov 1998 | 3 | 5 | 2.81 |
| -5.98% | Feb 1994 | Jun 1994 | 5 | Feb 1995 | 8 | 13 | 3.72 |
| -5.36% | Sep 2018 | Dec 2018 | 4 | Mar 2019 | 3 | 7 | 2.59 |
| -4.76% | Jun 2011 | Sep 2011 | 4 | Dec 2011 | 3 | 7 | 1.98 |
| -3.96% | May 2010 | Jun 2010 | 2 | Sep 2010 | 3 | 5 | 2.10 |
| -3.79% | Apr 2000 | May 2000 | 2 | Aug 2000 | 3 | 5 | 1.92 |
| -3.41% | Jun 2015 | Sep 2015 | 4 | Mar 2016 | 6 | 10 | 1.86 |
| -2.87% | Feb 2018 | Apr 2018 | 3 | Jul 2018 | 3 | 6 | 1.80 |
| -2.59% | Sep 2020 | Oct 2020 | 2 | Nov 2020 | 1 | 3 | 1.49 |
| -2.57% | Feb 1999 | Feb 1999 | 1 | Apr 1999 | 2 | 3 | 1.33 |
| -2.56% | Sep 2021 | Sep 2021 | 1 | Oct 2021 | 1 | 2 | 1.48 |
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
|||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -24.02% | Sep 2021 | Sep 2022 | 13 | in progress | 14 | 27 | 16.42 |
| -20.41% | Nov 2007 | Feb 2009 | 16 | Apr 2010 | 14 | 30 | 9.84 |
| -12.73% | Sep 2000 | Sep 2002 | 25 | Dec 2003 | 15 | 40 | 6.86 |
| -8.14% | Feb 2020 | Mar 2020 | 2 | May 2020 | 2 | 4 | 3.87 |
| -7.13% | Feb 1994 | Jun 1994 | 5 | Apr 1995 | 10 | 15 | 4.76 |
| -6.48% | Jul 1998 | Aug 1998 | 2 | Nov 1998 | 3 | 5 | 2.98 |
| -5.36% | May 2011 | Sep 2011 | 5 | Dec 2011 | 3 | 8 | 2.17 |
| -5.02% | Sep 2018 | Dec 2018 | 4 | Mar 2019 | 3 | 7 | 2.55 |
| -4.59% | Mar 2015 | Sep 2015 | 7 | Jun 2016 | 9 | 16 | 2.24 |
| -3.96% | Apr 2000 | May 2000 | 2 | Aug 2000 | 3 | 5 | 2.17 |
| -3.94% | May 2010 | Jun 2010 | 2 | Sep 2010 | 3 | 5 | 2.13 |
| -3.91% | Feb 2018 | Apr 2018 | 3 | Aug 2018 | 4 | 7 | 2.51 |
| -3.58% | Mar 2004 | May 2004 | 3 | Nov 2004 | 6 | 9 | 2.34 |
| -3.45% | Jan 2005 | Apr 2005 | 4 | Dec 2005 | 8 | 12 | 1.70 |
| -3.31% | Jul 1999 | Sep 1999 | 3 | Nov 1999 | 2 | 5 | 1.90 |
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
|||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -43.68% | Sep 1929 | May 1932 | 33 | Sep 1935 | 40 | 73 | 20.75 |
| -21.33% | Mar 1937 | Mar 1938 | 13 | Jul 1941 | 40 | 53 | 7.66 |
| -19.17% | Nov 2007 | Feb 2009 | 16 | Nov 2009 | 9 | 25 | 8.87 |
| -18.63% | Jan 2022 | Sep 2022 | 9 | in progress | 14 | 23 | 11.60 |
| -17.04% | Jan 1973 | Sep 1974 | 21 | May 1975 | 8 | 29 | 7.69 |
| -13.08% | Sep 1987 | Nov 1987 | 3 | Oct 1988 | 11 | 14 | 6.07 |
| -12.84% | Dec 1968 | Jun 1970 | 19 | Nov 1970 | 5 | 24 | 6.66 |
| -11.62% | Oct 1906 | Nov 1907 | 14 | Jul 1908 | 8 | 22 | 5.75 |
| -11.05% | Feb 1893 | Aug 1893 | 7 | Feb 1895 | 18 | 25 | 4.82 |
| -10.88% | Oct 1895 | Aug 1896 | 11 | Jun 1897 | 10 | 21 | 4.82 |
| -10.74% | Apr 1876 | Jun 1877 | 15 | Apr 1878 | 10 | 25 | 5.37 |
| -10.22% | Oct 1902 | Nov 1903 | 14 | Oct 1904 | 11 | 25 | 6.09 |
| -10.16% | Aug 1941 | Apr 1942 | 9 | Dec 1942 | 8 | 17 | 5.26 |
| -9.48% | Dec 1916 | Dec 1917 | 13 | Feb 1919 | 14 | 27 | 4.26 |
| -9.26% | Jun 1946 | Nov 1946 | 6 | Aug 1949 | 33 | 39 | 5.16 |
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
|||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -45.57% | Jan 1916 | Jun 1920 | 54 | Dec 1924 | 54 | 108 | 25.32 |
| -30.32% | Jan 1973 | Sep 1974 | 21 | Feb 1983 | 101 | 122 | 17.88 |
| -28.88% | Sep 1929 | May 1932 | 33 | Apr 1933 | 11 | 44 | 13.34 |
| -28.06% | Jun 1946 | Feb 1948 | 21 | Jan 1954 | 71 | 92 | 16.95 |
| -24.02% | Sep 2021 | Sep 2022 | 13 | in progress | 14 | 27 | 16.42 |
| -21.33% | Mar 1937 | Mar 1938 | 13 | Mar 1940 | 24 | 37 | 9.11 |
| -20.47% | Dec 1968 | Jun 1970 | 19 | Jan 1972 | 19 | 38 | 10.03 |
| -20.41% | Nov 2007 | Feb 2009 | 16 | Apr 2010 | 14 | 30 | 9.84 |
| -19.62% | Apr 1940 | Apr 1942 | 25 | Dec 1944 | 32 | 57 | 9.08 |
| -18.28% | Nov 1905 | Oct 1907 | 24 | Nov 1908 | 13 | 37 | 8.52 |
| -16.01% | Feb 1899 | Dec 1899 | 11 | Feb 1901 | 14 | 25 | 10.17 |
| -15.63% | Jul 1901 | Feb 1904 | 32 | Feb 1905 | 12 | 44 | 9.12 |
| -13.84% | Sep 1987 | Nov 1987 | 3 | May 1989 | 18 | 21 | 6.51 |
| -13.60% | Jul 1881 | Jun 1882 | 12 | Jul 1883 | 13 | 25 | 8.95 |
| -12.94% | Jul 1876 | May 1877 | 11 | Oct 1877 | 5 | 16 | 8.49 |
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 PORTFOLIO
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1871 - 30 November 2023 (~153 years)
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 | -16.25 |
03/2008 02/2009 |
0.83$ | 0.38 | 1.00$ | 8.08 | 1.08$ | 13.83 | 1.13$ | 25.63 |
03/2009 02/2010 |
1.25$ | 5.92 | 14.33% |
| 2Y | -7.31 |
03/2007 02/2009 |
0.85$ | 1.76 | 1.03$ | 7.26 | 1.15$ | 12.57 | 1.26$ | 18.91 |
03/2009 02/2011 |
1.41$ | -3.41 | 11.57% |
| 3Y | -2.41 |
03/2006 02/2009 |
0.92$ | 2.78 | 1.08$ | 6.92 | 1.22$ | 11.23 | 1.37$ | 17.79 |
01/1995 12/1997 |
1.63$ | 0.77 | 2.15% |
| 5Y | 0.55 |
03/2004 02/2009 |
1.02$ | 4.35 | 1.23$ | 6.31 | 1.35$ | 9.51 | 1.57$ | 15.33 |
01/1995 12/1999 |
2.04$ | 5.34 | 0.00% |
| 7Y | 2.31 |
03/2002 02/2009 |
1.17$ | 5.25 | 1.43$ | 6.40 | 1.54$ | 7.83 | 1.69$ | 11.54 |
07/1994 06/2001 |
2.14$ | 5.53 | 0.00% |
| 10Y | 2.89 |
03/1999 02/2009 |
1.32$ | 5.32 | 1.67$ | 6.55 | 1.88$ | 7.98 | 2.15$ | 9.67 |
01/1995 12/2004 |
2.51$ | 5.41 | 0.00% |
| 15Y | 5.22 |
10/2007 09/2022 |
2.14$ | 5.84 | 2.34$ | 6.41 | 2.53$ | 7.04 | 2.77$ | 7.82 |
12/1994 11/2009 |
3.09$ | 7.14 | 0.00% |
| 20Y | 5.38 |
04/2000 03/2020 |
2.85$ | 5.94 | 3.17$ | 6.44 | 3.48$ | 7.42 | 4.18$ | 8.13 |
12/1994 11/2014 |
4.77$ | 5.98 | 0.00% |
| 30Y | 6.83 |
12/1993 11/2023 |
7.25$ | 6.83 | 7.25$ | 6.83 | 7.25$ | 6.83 | 7.25$ | 6.83 |
12/1993 11/2023 |
7.25$ | 6.83 | 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 | -22.02 |
11/2021 10/2022 |
0.77$ | -2.50 | 0.97$ | 5.75 | 1.05$ | 10.98 | 1.10$ | 23.87 |
04/1997 03/1998 |
1.23$ | 2.49 | 21.20% |
| 2Y | -11.56 |
11/2021 10/2023 |
0.78$ | -0.59 | 0.98$ | 4.89 | 1.10$ | 9.89 | 1.20$ | 16.43 |
03/2009 02/2011 |
1.35$ | -8.19 | 15.73% |
| 3Y | -5.05 |
11/2020 10/2023 |
0.85$ | 0.17 | 1.00$ | 4.74 | 1.14$ | 8.65 | 1.28$ | 15.00 |
04/1995 03/1998 |
1.52$ | -4.70 | 13.54% |
| 5Y | -2.04 |
03/2004 02/2009 |
0.90$ | 1.66 | 1.08$ | 4.30 | 1.23$ | 7.38 | 1.42$ | 12.66 |
01/1995 12/1999 |
1.81$ | 1.22 | 2.99% |
| 7Y | -0.24 |
03/2002 02/2009 |
0.98$ | 2.27 | 1.17$ | 4.19 | 1.33$ | 5.92 | 1.49$ | 8.68 |
12/1994 11/2001 |
1.79$ | 1.93 | 0.36% |
| 10Y | 0.30 |
03/1999 02/2009 |
1.03$ | 2.62 | 1.29$ | 4.35 | 1.53$ | 6.00 | 1.79$ | 7.07 |
01/1995 12/2004 |
1.98$ | 2.52 | 0.00% |
| 15Y | 2.77 |
10/2007 09/2022 |
1.50$ | 3.44 | 1.66$ | 4.08 | 1.82$ | 4.78 | 2.01$ | 5.32 |
08/2006 07/2021 |
2.17$ | 4.52 | 0.00% |
| 20Y | 3.03 |
11/2003 10/2023 |
1.81$ | 3.60 | 2.02$ | 4.15 | 2.25$ | 5.00 | 2.65$ | 5.69 |
12/1994 11/2014 |
3.02$ | 3.30 | 0.00% |
| 30Y | 4.20 |
12/1993 11/2023 |
3.43$ | 4.20 | 3.43$ | 4.20 | 3.43$ | 4.20 | 3.43$ | 4.20 |
12/1993 11/2023 |
3.43$ | 4.20 | 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 | -31.23 |
07/1931 06/1932 |
0.68$ | -1.20 | 0.98$ | 6.97 | 1.06$ | 15.01 | 1.15$ | 54.88 |
07/1932 06/1933 |
1.54$ | 5.92 | 18.42% |
| 2Y | -22.53 |
06/1930 05/1932 |
0.60$ | 1.17 | 1.02$ | 6.72 | 1.13$ | 12.77 | 1.27$ | 27.88 |
07/1984 06/1986 |
1.63$ | -3.41 | 10.98% |
| 3Y | -15.47 |
07/1929 06/1932 |
0.60$ | 2.52 | 1.07$ | 6.50 | 1.20$ | 11.56 | 1.38$ | 21.82 |
08/1984 07/1987 |
1.80$ | 0.77 | 3.94% |
| 5Y | -4.38 |
06/1927 05/1932 |
0.79$ | 3.55 | 1.19$ | 6.48 | 1.36$ | 10.40 | 1.63$ | 20.32 |
04/1982 03/1987 |
2.52$ | 5.34 | 2.25% |
| 7Y | -0.11 |
07/1925 06/1932 |
0.99$ | 4.09 | 1.32$ | 6.36 | 1.53$ | 10.15 | 1.96$ | 17.94 |
04/1980 03/1987 |
3.17$ | 5.53 | 0.11% |
| 10Y | 2.03 |
09/1929 08/1939 |
1.22$ | 4.42 | 1.54$ | 6.41 | 1.86$ | 9.30 | 2.43$ | 14.86 |
10/1981 09/1991 |
3.99$ | 5.41 | 0.00% |
| 15Y | 2.53 |
09/1881 08/1896 |
1.45$ | 4.88 | 2.04$ | 6.22 | 2.47$ | 9.02 | 3.65$ | 13.88 |
08/1982 07/1997 |
7.02$ | 7.14 | 0.00% |
| 20Y | 3.62 |
07/1901 06/1921 |
2.03$ | 4.96 | 2.63$ | 6.40 | 3.45$ | 9.03 | 5.63$ | 13.30 |
04/1980 03/2000 |
12.14$ | 5.98 | 0.00% |
| 30Y | 3.94 |
06/1902 05/1932 |
3.18$ | 5.26 | 4.65$ | 6.49 | 6.59$ | 9.26 | 14.25$ | 11.12 |
07/1970 06/2000 |
23.63$ | 6.83 | 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 | -24.91 |
10/1973 09/1974 |
0.75$ | -4.67 | 0.95$ | 5.09 | 1.05$ | 14.82 | 1.14$ | 65.85 |
07/1932 06/1933 |
1.65$ | 2.49 | 30.32% |
| 2Y | -16.17 |
12/1916 11/1918 |
0.70$ | -2.07 | 0.95$ | 5.01 | 1.10$ | 11.38 | 1.24$ | 28.28 |
06/1877 05/1879 |
1.64$ | -8.19 | 22.41% |
| 3Y | -12.93 |
08/1917 07/1920 |
0.66$ | -0.73 | 0.97$ | 4.77 | 1.15$ | 10.56 | 1.35$ | 18.67 |
07/1932 06/1935 |
1.67$ | -4.70 | 17.44% |
| 5Y | -10.27 |
01/1916 12/1920 |
0.58$ | 0.23 | 1.01$ | 4.84 | 1.26$ | 8.98 | 1.53$ | 16.38 |
08/1982 07/1987 |
2.13$ | 1.22 | 13.68% |
| 7Y | -6.68 |
06/1913 05/1920 |
0.61$ | 0.81 | 1.05$ | 4.92 | 1.39$ | 8.47 | 1.76$ | 13.61 |
01/1921 12/1927 |
2.44$ | 1.93 | 11.13% |
| 10Y | -4.00 |
12/1910 11/1920 |
0.66$ | 1.04 | 1.10$ | 4.76 | 1.59$ | 7.92 | 2.14$ | 12.38 |
06/1920 05/1930 |
3.21$ | 2.52 | 10.55% |
| 15Y | -2.37 |
08/1905 07/1920 |
0.69$ | 1.54 | 1.25$ | 4.26 | 1.86$ | 7.00 | 2.75$ | 10.22 |
01/1921 12/1935 |
4.30$ | 4.52 | 3.86% |
| 20Y | -0.69 |
07/1901 06/1921 |
0.87$ | 2.27 | 1.56$ | 4.28 | 2.31$ | 6.49 | 3.51$ | 9.08 |
04/1980 03/2000 |
5.68$ | 3.30 | 1.19% |
| 30Y | 1.16 |
08/1890 07/1920 |
1.41$ | 2.95 | 2.39$ | 4.15 | 3.38$ | 5.63 | 5.17$ | 7.42 |
04/1871 03/1901 |
8.56$ | 4.20 | 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 Portfolio: Rolling Returns page.
Seasonality
In which months is it better to invest in Stocks/Bonds 40/60 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.
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 |
1.14
60% |
-0.95
40% |
-0.27
60% |
1.07
80% |
0.16
60% |
1.00
80% |
2.33
100% |
-0.07
60% |
-2.65
20% |
0.64
60% |
3.46
80% |
-0.15
60% |
| Best |
4.8 2023 |
1.4 2019 |
2.7 2023 |
6.3 2020 |
2.4 2020 |
3.7 2019 |
5.0 2022 |
2.2 2020 |
0.4 2019 |
3.0 2021 |
6.6 2023 |
2.0 2020 |
| Worst |
-3.7 2022 |
-2.7 2023 |
-6.1 2020 |
-6.0 2022 |
-1.8 2019 |
-4.2 2022 |
0.7 2019 |
-3.2 2022 |
-6.1 2022 |
-2.0 2023 |
-0.6 2021 |
-2.8 2022 |
Monthly Seasonality over the period Feb 1871 - Nov 2023
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 |
0.63
60% |
-0.09
60% |
0.15
50% |
0.70
80% |
0.55
80% |
0.68
80% |
1.62
90% |
0.16
60% |
-1.44
30% |
0.36
60% |
2.15
90% |
0.11
70% |
| Best |
4.8 2023 |
2.2 2014 |
3.3 2016 |
6.3 2020 |
2.4 2020 |
3.7 2019 |
5.0 2022 |
2.4 2014 |
0.7 2017 |
3.1 2015 |
6.6 2023 |
2.0 2020 |
| Worst |
-3.7 2022 |
-2.7 2023 |
-6.1 2020 |
-6.0 2022 |
-1.8 2019 |
-4.2 2022 |
-1.0 2014 |
-3.2 2022 |
-6.1 2022 |
-3.7 2018 |
-0.6 2021 |
-2.8 2022 |
Monthly Seasonality over the period Feb 1871 - Nov 2023
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 |
0.82
67% |
0.37
59% |
0.43
64% |
0.74
67% |
0.36
59% |
0.51
63% |
0.64
63% |
0.63
67% |
0.15
59% |
0.39
61% |
0.91
67% |
0.84
73% |
| Best |
6.0 1975 |
6.4 1970 |
4.7 1971 |
15.9 1933 |
8.2 1933 |
9.4 1938 |
11.7 1932 |
13.7 1932 |
4.4 1891 |
7.6 1982 |
7.0 1981 |
7.1 1873 |
| Worst |
-4.5 2009 |
-7.3 1933 |
-10.4 1938 |
-6.2 1970 |
-10.2 1940 |
-6.5 1930 |
-4.1 1933 |
-5.5 1998 |
-11.4 1931 |
-8.9 1987 |
-4.2 1948 |
-5.7 1931 |
Monthly Seasonality over the period Feb 1871 - Nov 2023
Monthly Returns
This section provides a visual/tabular representation of the performance variability in the Stocks/Bonds 40/60 Portfolio over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.
STOCKS/BONDS 40/60 PORTFOLIO
Monthly Returns Distribution
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1871 - 30 November 2023 (~153 years)
244 Positive Months (68%) - 116 Negative Months (32%)
1174 Positive Months (64%) - 661 Negative Months (36%)
Swipe left to see all data
(Scroll down to see all data)
Investment Returns, up to December 2007, 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:
- VTI - Vanguard Total Stock Market, up to December 2001
- BND - Vanguard Total Bond Market, 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 | Return▾ | Dev.Std | Drawdown | Stocks | Bonds | Comm | ||
| Golden Butterfly | +7.46 | 7.68 | -17.79 | 40 | 40 | 20 | ||
| Stocks/Bonds 40/60 | +6.83 | 6.98 | -19.17 | 40 | 60 | 0 | ||
The following portfolios share asset allocation strategy and/or similar asset weights.
Swipe left to see all data
5 Years Stats (%) |
% Allocation |
|||||||
|---|---|---|---|---|---|---|---|---|
| Portfolio | 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.
Swipe left to see all data
30 Years Stats (%) |
% Allocation |
|||||||
|---|---|---|---|---|---|---|---|---|
| Portfolio | Return▾ | Dev.Std | Drawdown | Stocks | Bonds | Comm | ||
| Couch Potato | +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 | +7.19 | 7.39 | -20.58 | 30 | 55 | 15 | ||
| Robo Advisor 50 | +7.16 | 9.32 | -30.72 | 49.9 | 50.1 | 0 | ||
| One-Decision Portfolio | +6.85 | 8.38 | -31.96 | 50 | 50 | 0 | ||
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.
