Developed World ex-US 60/40 Portfolio: ETF allocation and returns

Data Source: from January 1985 to November 2023 (~39 years)
Consolidated Returns as of 30 November 2023
Live Update: Dec 01 2023
PORTFOLIO • LIVE PERFORMANCE (USD currency)
0.86%
1 Day
Dec 01 2023
0.86%
Current Month
December 2023

The Developed World ex-US 60/40 Portfolio is a High Risk portfolio and can be implemented with 2 ETFs.

It's exposed for 60% on the Stock Market.

In the last 30 Years, the Developed World ex-US 60/40 Portfolio obtained a 5.46% compound annual return, with a 10.22% standard deviation.

Table of contents

Asset Allocation and ETFs

The Developed World ex-US 60/40 Portfolio has the following asset allocation:

60% Stocks
40% Fixed Income
0% Commodities

The Developed World ex-US 60/40 Portfolio can be implemented with the following ETFs:

Weight (%) Ticker Currency ETF Name Investment Themes
60.00
VEA
USD Vanguard FTSE Developed Markets Equity, EAFE, Large Cap
40.00
BNDX
USD Vanguard Total International Bond Bond, Developed Markets, 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 Developed World ex-US 60/40 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.
DEVELOPED WORLD EX-US 60/40 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
(~39Y)
Developed World ex-US 60/40 Portfolio 0.86 0.86 6.67 3.44 6.54 3.95 3.49 5.46 7.82
US Inflation Adjusted return 6.67 2.25 3.09 -0.12 0.65 2.86 4.89
Components
VEA
USD Vanguard FTSE Developed Markets 1.02 Dec 01 2023 1.02 8.81 4.66 9.27 6.03 4.14 5.23 7.81
BNDX
USD Vanguard Total International Bond 0.60 Dec 01 2023 0.60 3.43 1.56 2.49 0.52 2.06 4.69 6.57
Returns over 1 year are annualized | Available data source: since Jan 1985
(*) 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 Developed World ex-US 60/40 Portfolio granted a 1.98% dividend yield. If you are interested in getting periodic income, please refer to the Developed World ex-US 60/40 Portfolio: Dividend Yield page.

Capital Growth as of Nov 30, 2023

An investment of 1$, since December 1993, now would be worth 4.92$, with a total return of 392.10% (5.46% annualized).

The Inflation Adjusted Capital now would be 2.33$, with a net total return of 133.20% (2.86% annualized).
An investment of 1$, since January 1985, now would be worth 18.70$, with a total return of 1769.82% (7.82% annualized).

The Inflation Adjusted Capital now would be 6.40$, with a net total return of 539.94% (4.89% annualized).

Portfolio Metrics as of Nov 30, 2023

Metrics of Developed World ex-US 60/40 Portfolio, updated as of 30 November 2023.

Metrics are calculated based on monthly returns, assuming:
DEVELOPED WORLD EX-US 60/40 PORTFOLIO
Advanced Metrics
Data Source: 1 January 1985 - 30 November 2023 (~39 years)
Swipe left to see all data
Metrics as of Nov 30, 2023
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~39Y)
Investment Return (%) 6.67 1.27 3.44 6.54 0.91 3.95 3.49 5.49 5.46 7.82
Infl. Adjusted Return (%) details 6.67 1.06 2.25 3.09 -4.57 -0.12 0.65 2.83 2.86 4.89
US Inflation (%) 0.00 0.21 1.17 3.35 5.74 4.07 2.82 2.59 2.52 2.79
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 (%) -7.32 -22.40 -22.40 -22.40 -37.49 -37.49 -37.49
Start to Recovery (# months) details 4* 27* 27* 27* 42 42 42
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 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 26 26 26
End (yyyy mm) - - - - 2011 04 2011 04 2011 04
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
-22.54 -22.54
Start to Recovery (# months) details 45 45
Start (yyyy mm) 2023 08 2021 09 2021 09 2021 09 2007 11 2000 04 2000 04
Start to Bottom (# months) 3 13 13 13 16 30 30
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2002 09 2002 09
Bottom to End (# months) 1 14 14 14 26 15 15
End (yyyy mm) - - - - 2011 04 2003 12 2003 12
Longest negative period (# months) details 11 35 44 60 62 62 62
Period Start (yyyy mm) 2022 12 2020 12 2019 02 2017 10 2007 04 2007 04 2007 04
Period End (yyyy mm) 2023 10 2023 10 2022 09 2022 09 2012 05 2012 05 2012 05
Annualized Return (%) -0.13 -1.28 -0.11 -0.11 -0.01 -0.01 -0.01
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -7.92 -28.86 -28.86 -28.86 -38.45 -38.45 -38.45
Start to Recovery (# months) details 4* 30* 30* 30* 66 66 66
Start (yyyy mm) 2023 08 2021 06 2021 06 2021 06 2007 11 2007 11 2007 11
Start to Bottom (# months) 3 16 16 16 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 50 50 50
End (yyyy mm) - - - - 2013 04 2013 04 2013 04
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 08 2021 06 2021 06 2021 06 2007 11 2007 11 2007 11
Start to Bottom (# months) 3 16 16 16 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 50 50 50
End (yyyy mm) - - - - 2013 04 2013 04 2013 04
Longest negative period (# months) details 11 36* 60* 118 179 179 179
Period Start (yyyy mm) 2022 12 2020 12 2018 12 2014 01 2007 11 2007 11 2007 11
Period End (yyyy mm) 2023 10 2023 11 2023 11 2023 10 2022 09 2022 09 2022 09
Annualized Return (%) -3.65 -4.57 -0.12 -0.11 -0.12 -0.12 -0.12
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 11.78 12.11 12.18 9.84 10.69 10.22 11.00
Sharpe Ratio 0.14 -0.08 0.19 0.25 0.39 0.31 0.35
Sortino Ratio 0.22 -0.12 0.26 0.34 0.52 0.42 0.48
Ulcer Index 2.87 9.53 7.95 6.25 8.59 8.52 7.86
Ratio: Return / Standard Deviation 0.56 0.07 0.32 0.35 0.51 0.53 0.71
Ratio: Return / Deepest Drawdown 0.89 0.04 0.18 0.16 0.15 0.15 0.21
% Positive Months details 50% 52% 56% 60% 60% 60% 60%
Positive Months 6 19 34 72 145 217 284
Negative Months 6 17 26 48 95 143 183
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 3.49 8.56 9.01 15.14
Worst 10 Years Return (%) - Annualized 2.88 2.71 2.71
Best 10 Years Return (%) - Annualized 0.65 6.68 6.68 11.16
Worst 10 Years Return (%) - Annualized 0.08 0.08 0.08
ROLLING PERIOD RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 39.00 20.05 16.08 9.01 6.62 5.46
Worst Rolling Return (%) - Annualized -33.11 -8.00 -0.70 2.71 4.11
% Positive Periods 71% 87% 99% 100% 100% 100%
Best Rolling Return (%) - Annualized 36.09 16.84 12.83 6.68 4.29 2.86
Worst Rolling Return (%) - Annualized -33.27 -10.22 -3.72 0.08 1.99
% Positive Periods 63% 76% 85% 100% 100% 100%
Over all the available data source (Jan 1985 - Nov 2023)
Best Rolling Return (%) - Annualized 63.42 36.10 27.08 15.14 10.78 9.04
Worst Rolling Return (%) - Annualized -33.11 -8.00 -0.70 2.71 4.11 5.02
% Positive Periods 73% 89% 99% 100% 100% 100%
Best Rolling Return (%) - Annualized 60.89 32.05 22.58 11.16 7.55 6.16
Worst Rolling Return (%) - Annualized -33.27 -10.22 -3.72 0.08 1.45 2.43
% Positive Periods 66% 76% 87% 100% 100% 100%
WITHDRAWAL RATES (WR)
1Y 3Y 5Y 10Y 20Y 30Y MAX
Safe WR (%) 31.73 21.30 10.87 7.46 5.42 9.99
Perpetual WR (%) 0.00 0.00 0.65 2.75 2.78 4.66
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).
Analyze your Portfolio: Backtest Now!
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.
COMPONENTS MONTHLY CORRELATIONS
Monthly correlations as of 30 November 2023
Swipe left to see all data
Asset
VEA
BNDX
VEA
-
0.74
BNDX
0.74
-
Asset
VEA
BNDX
VEA
-
0.51
BNDX
0.51
-
Asset
VEA
BNDX
VEA
-
0.38
BNDX
0.38
-
Asset
VEA
BNDX
VEA
-
0.18
BNDX
0.18
-
Asset
VEA
BNDX
VEA
-
0.21
BNDX
0.21
-

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.

DEVELOPED WORLD EX-US 60/40 PORTFOLIO
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1985 - 30 November 2023 (~39 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-37.49% Nov 2007 Feb 2009 16 Apr 2011 26 42 16.83
-22.54% Apr 2000 Sep 2002 30 Dec 2003 15 45 13.10
-22.40% Sep 2021 Sep 2022 13 in progress 14 27 10.95
-14.56% Jan 2020 Mar 2020 3 Nov 2020 8 11 6.33
-13.28% May 2011 Sep 2011 5 Nov 2012 14 19 6.34
-10.09% Feb 2018 Dec 2018 11 Sep 2019 9 20 4.26
-9.44% May 2015 Feb 2016 10 Feb 2017 12 22 4.41
-7.55% Feb 1994 Feb 1995 13 Jul 1995 5 18 2.81
-7.06% Jul 1997 Dec 1997 6 Mar 1998 3 9 3.90
-6.93% Jun 1998 Aug 1998 3 Oct 1998 2 5 3.66
-5.78% Dec 1996 Apr 1997 5 Jun 1997 2 7 3.79
-5.09% May 2013 Jun 2013 2 Sep 2013 3 5 2.77
-4.31% Jul 2014 Dec 2014 6 Feb 2015 2 8 2.48
-4.08% Jan 2000 Jan 2000 1 Mar 2000 2 3 2.27
-3.20% May 1999 May 1999 1 Jul 1999 2 3 1.64
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-38.45% Nov 2007 Feb 2009 16 Apr 2013 50 66 16.39
-28.86% Jun 2021 Sep 2022 16 in progress 14 30 16.91
-28.30% Jan 2000 Mar 2003 39 Nov 2004 20 59 15.49
-14.93% Jan 2020 Mar 2020 3 Nov 2020 8 11 6.62
-11.29% Feb 2018 Dec 2018 11 Dec 2019 12 23 5.46
-10.43% Feb 1994 Feb 1995 13 Dec 1995 10 23 4.41
-9.64% May 2015 Feb 2016 10 Apr 2017 14 24 4.99
-7.64% Jul 1997 Dec 1997 6 Apr 1998 4 10 4.16
-7.36% May 1998 Aug 1998 4 Oct 1998 2 6 3.65
-6.72% Dec 1996 Apr 1997 5 Jun 1997 2 7 4.29
-5.48% May 2013 Jun 2013 2 Sep 2013 3 5 3.08
-3.26% Mar 2005 Apr 2005 2 Aug 2005 4 6 2.06
-3.20% May 1999 May 1999 1 Jul 1999 2 3 1.64
-2.94% May 2006 Jun 2006 2 Sep 2006 3 5 1.84
-2.91% Jan 2014 Jan 2014 1 Feb 2014 1 2 1.68
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-37.49% Nov 2007 Feb 2009 16 Apr 2011 26 42 16.83
-22.54% Apr 2000 Sep 2002 30 Dec 2003 15 45 13.10
-22.40% Sep 2021 Sep 2022 13 in progress 14 27 10.95
-18.51% Jan 1990 Sep 1990 9 Dec 1991 15 24 8.68
-14.56% Jan 2020 Mar 2020 3 Nov 2020 8 11 6.33
-13.28% May 2011 Sep 2011 5 Nov 2012 14 19 6.34
-10.09% Feb 2018 Dec 2018 11 Sep 2019 9 20 4.26
-9.44% May 2015 Feb 2016 10 Feb 2017 12 22 4.41
-8.82% Sep 1987 Oct 1987 2 Feb 1988 4 6 5.47
-8.78% Jan 1992 Apr 1992 4 Mar 1993 11 15 5.11
-7.55% Feb 1994 Feb 1995 13 Jul 1995 5 18 2.81
-7.06% Jul 1997 Dec 1997 6 Mar 1998 3 9 3.90
-6.93% Jun 1998 Aug 1998 3 Oct 1998 2 5 3.66
-6.35% Sep 1993 Nov 1993 3 Jan 1994 2 5 2.82
-5.90% Sep 1986 Oct 1986 2 Dec 1986 2 4 3.02
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-38.45% Nov 2007 Feb 2009 16 Apr 2013 50 66 16.39
-28.86% Jun 2021 Sep 2022 16 in progress 14 30 16.91
-28.30% Jan 2000 Mar 2003 39 Nov 2004 20 59 15.49
-22.57% Jan 1990 Sep 1990 9 May 1993 32 41 13.13
-14.93% Jan 2020 Mar 2020 3 Nov 2020 8 11 6.62
-11.29% Feb 2018 Dec 2018 11 Dec 2019 12 23 5.46
-10.43% Feb 1994 Feb 1995 13 Dec 1995 10 23 4.41
-9.64% May 2015 Feb 2016 10 Apr 2017 14 24 4.99
-9.53% Sep 1987 Oct 1987 2 Mar 1988 5 7 5.69
-7.64% Jul 1997 Dec 1997 6 Apr 1998 4 10 4.16
-7.36% May 1998 Aug 1998 4 Oct 1998 2 6 3.65
-6.99% Sep 1993 Nov 1993 3 Jan 1994 2 5 3.19
-6.86% May 1988 Aug 1988 4 Nov 1988 3 7 3.58
-6.72% Dec 1996 Apr 1997 5 Jun 1997 2 7 4.29
-6.41% Sep 1986 Oct 1986 2 Dec 1986 2 4 3.39

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.

DEVELOPED WORLD EX-US 60/40 PORTFOLIO
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1985 - 30 November 2023 (~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 -33.11 03/2008
02/2009
0.66$ -4.92 0.95$ 7.35 1.07$ 16.29 1.16$ 39.00 03/2009
02/2010
1.39$ 6.54 28.94%
2Y -16.73 03/2007
02/2009
0.69$ -2.68 0.94$ 5.85 1.12$ 13.70 1.29$ 26.31 03/2009
02/2011
1.59$ -2.12 21.36%
3Y -8.00 04/2000
03/2003
0.77$ 0.64 1.01$ 5.74 1.18$ 10.58 1.35$ 20.05 04/2003
03/2006
1.73$ 0.91 12.62%
5Y -0.70 06/2007
05/2012
0.96$ 2.71 1.14$ 5.00 1.27$ 8.75 1.52$ 16.08 11/2002
10/2007
2.10$ 3.95 0.66%
7Y 1.82 04/1996
03/2003
1.13$ 3.98 1.31$ 5.35 1.44$ 7.28 1.63$ 10.00 04/2003
03/2010
1.94$ 4.56 0.00%
10Y 2.71 03/1999
02/2009
1.30$ 4.09 1.49$ 5.84 1.76$ 7.52 2.06$ 9.01 12/1997
11/2007
2.36$ 3.49 0.00%
15Y 2.45 10/2007
09/2022
1.43$ 4.70 1.99$ 5.68 2.28$ 6.37 2.52$ 7.92 02/2003
01/2018
3.13$ 6.17 0.00%
20Y 4.11 04/2000
03/2020
2.23$ 5.35 2.83$ 5.90 3.15$ 6.30 3.39$ 6.62 03/1995
02/2015
3.60$ 5.49 0.00%
30Y 5.46 12/1993
11/2023
4.92$ 5.46 4.92$ 5.46 4.92$ 5.46 4.92$ 5.46 12/1993
11/2023
4.92$ 5.46 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 -33.27 03/2008
02/2009
0.66$ -7.72 0.92$ 4.60 1.04$ 13.10 1.13$ 36.09 03/2009
02/2010
1.36$ 3.09 36.10%
2Y -18.45 03/2007
02/2009
0.66$ -6.03 0.88$ 3.21 1.06$ 10.82 1.22$ 23.68 03/2009
02/2011
1.52$ -6.97 27.60%
3Y -10.22 04/2000
03/2003
0.72$ -2.37 0.93$ 3.44 1.10$ 7.97 1.25$ 16.84 04/2003
03/2006
1.59$ -4.57 23.38%
5Y -3.72 10/2017
09/2022
0.82$ -0.04 0.99$ 2.77 1.14$ 6.29 1.35$ 12.83 11/2002
10/2007
1.82$ -0.12 14.95%
7Y -0.78 11/2015
10/2022
0.94$ 1.43 1.10$ 3.34 1.25$ 4.72 1.38$ 7.41 04/2003
03/2010
1.64$ 1.00 3.25%
10Y 0.08 11/2013
10/2023
1.00$ 1.78 1.19$ 3.76 1.44$ 4.98 1.62$ 6.68 03/2009
02/2019
1.90$ 0.65 0.00%
15Y 0.07 10/2007
09/2022
1.01$ 2.33 1.41$ 3.41 1.65$ 3.98 1.79$ 5.71 02/2003
01/2018
2.30$ 3.58 0.00%
20Y 1.99 04/2000
03/2020
1.48$ 3.06 1.82$ 3.52 1.99$ 3.96 2.17$ 4.29 03/1995
02/2015
2.31$ 2.83 0.00%
30Y 2.86 12/1993
11/2023
2.33$ 2.86 2.33$ 2.86 2.33$ 2.86 2.33$ 2.86 12/1993
11/2023
2.33$ 2.86 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 -33.11 03/2008
02/2009
0.66$ -4.24 0.95$ 8.09 1.08$ 19.17 1.19$ 63.42 09/1985
08/1986
1.63$ 6.54 26.32%
2Y -16.73 03/2007
02/2009
0.69$ -0.84 0.98$ 6.44 1.13$ 15.16 1.32$ 51.97 05/1985
04/1987
2.30$ -2.12 18.02%
3Y -8.00 04/2000
03/2003
0.77$ 1.37 1.04$ 6.17 1.19$ 12.15 1.41$ 36.10 04/1985
03/1988
2.52$ 0.91 10.65%
5Y -0.70 06/2007
05/2012
0.96$ 3.07 1.16$ 5.73 1.32$ 9.85 1.59$ 27.08 01/1985
12/1989
3.31$ 3.95 0.49%
7Y 1.82 04/1996
03/2003
1.13$ 4.26 1.33$ 6.03 1.50$ 8.22 1.73$ 18.76 01/1985
12/1991
3.33$ 4.56 0.00%
10Y 2.71 03/1999
02/2009
1.30$ 4.17 1.50$ 6.28 1.83$ 7.88 2.13$ 15.14 01/1985
12/1994
4.09$ 3.49 0.00%
15Y 2.45 10/2007
09/2022
1.43$ 4.95 2.06$ 5.94 2.37$ 7.59 2.99$ 13.44 01/1985
12/1999
6.63$ 6.17 0.00%
20Y 4.11 04/2000
03/2020
2.23$ 5.45 2.88$ 6.10 3.26$ 7.34 4.12$ 10.78 01/1985
12/2004
7.75$ 5.49 0.00%
30Y 5.02 11/1993
10/2023
4.34$ 5.67 5.22$ 6.12 5.93$ 7.11 7.84$ 9.04 01/1985
12/2014
13.40$ 5.46 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 -33.27 03/2008
02/2009
0.66$ -6.91 0.93$ 5.46 1.05$ 15.27 1.15$ 60.89 09/1985
08/1986
1.60$ 3.09 33.77%
2Y -18.45 03/2007
02/2009
0.66$ -4.11 0.91$ 3.45 1.07$ 11.91 1.25$ 48.01 05/1985
04/1987
2.19$ -6.97 27.48%
3Y -10.22 04/2000
03/2003
0.72$ -2.06 0.93$ 3.73 1.11$ 9.51 1.31$ 32.05 04/1985
03/1988
2.30$ -4.57 23.38%
5Y -3.72 10/2017
09/2022
0.82$ 0.45 1.02$ 3.18 1.16$ 6.72 1.38$ 22.58 01/1985
12/1989
2.76$ -0.12 12.25%
7Y -0.78 11/2015
10/2022
0.94$ 1.89 1.14$ 3.62 1.28$ 5.50 1.45$ 14.27 01/1985
12/1991
2.54$ 1.00 2.34%
10Y 0.08 11/2013
10/2023
1.00$ 2.02 1.22$ 3.72 1.44$ 5.24 1.66$ 11.16 01/1985
12/1994
2.88$ 0.65 0.00%
15Y 0.07 10/2007
09/2022
1.01$ 2.34 1.41$ 3.50 1.67$ 4.92 2.05$ 9.95 01/1985
12/1999
4.14$ 3.58 0.00%
20Y 1.45 03/1989
02/2009
1.33$ 3.00 1.80$ 3.69 2.06$ 4.26 2.30$ 7.55 01/1985
12/2004
4.29$ 2.83 0.00%
30Y 2.43 11/1993
10/2023
2.05$ 3.12 2.51$ 3.51 2.81$ 4.32 3.55$ 6.16 01/1985
12/2014
6.01$ 2.86 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 Developed World ex-US 60/40 Portfolio: Rolling Returns page.

Seasonality

In which months is it better to invest in Developed World ex-US 60/40 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
1.33
40%
-1.34
40%
-1.01
60%
0.94
80%
0.23
60%
0.49
60%
1.66
80%
-0.86
40%
-2.27
20%
0.64
60%
4.24
80%
0.58
60%
Best 6.4
2023
1.5
2019
2.6
2023
4.6
2020
3.2
2020
4.2
2019
4.4
2022
2.6
2020
1.7
2019
3.6
2022
8.3
2020
3.5
2020
Worst -2.9
2022
-4.2
2020
-9.8
2020
-5.3
2022
-2.8
2019
-6.2
2022
-0.8
2019
-4.9
2022
-6.9
2022
-2.1
2023
-2.6
2021
-2.7
2018
Monthly Seasonality over the period Feb 1985 - 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
0.69
50%
-0.27
50%
0.08
60%
1.13
90%
0.38
60%
0.00
50%
1.45
80%
-0.87
50%
-1.33
40%
0.18
60%
2.10
70%
0.37
60%
Best 6.4
2023
3.7
2014
4.4
2016
4.6
2020
3.2
2020
4.2
2019
4.4
2022
2.6
2020
1.7
2019
4.2
2015
8.3
2020
3.5
2020
Worst -2.9
2022
-4.2
2020
-9.8
2020
-5.3
2022
-2.8
2019
-6.2
2022
-1.2
2014
-4.9
2022
-6.9
2022
-5.1
2018
-2.6
2021
-2.7
2018
Monthly Seasonality over the period Feb 1985 - 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
0.48
56%
0.48
59%
0.87
62%
1.74
77%
0.36
54%
0.02
44%
1.30
69%
-0.21
54%
-0.29
54%
0.63
62%
1.01
67%
1.79
74%
Best 7.8
1987
8.1
1986
9.1
1986
7.2
2009
8.2
2009
5.7
1986
7.8
1989
5.9
1986
5.4
2010
9.4
1990
8.3
2020
6.5
2008
Worst -7.9
2009
-6.0
2009
-9.8
2020
-5.3
2022
-6.6
2012
-6.2
2022
-5.5
2002
-7.1
1990
-8.5
2008
-12.4
2008
-5.9
1993
-2.7
2018
Monthly Seasonality over the period Feb 1985 - Nov 2023

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the Developed World ex-US 60/40 Portfolio over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

DEVELOPED WORLD EX-US 60/40 PORTFOLIO
Monthly Returns Distribution
Data Source: 1 December 1993 - 30 November 2023 (30 Years)
Data Source: 1 January 1985 - 30 November 2023 (~39 years)
217 Positive Months (60%) - 143 Negative Months (40%)
284 Positive Months (61%) - 183 Negative Months (39%)
Swipe left to see all data
(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:
  • VEA - Vanguard FTSE Developed Markets, up to December 2007
  • BNDX - Vanguard Total International Bond, up to December 2013

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
Stocks/Bonds 60/40 Momentum +9.34 9.56 -32.52 60 40 0
Aim Bold Strategy Aim Ways +8.24 9.93 -30.09 45 40 15
Weird Portfolio Value Stock Geek +8.02 10.75 -32.97 60 20 20
Stocks/Bonds 60/40 +7.99 9.61 -30.55 60 40 0
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
Golden Butterfly Tyler +7.46 7.68 -17.79 40 40 20
Coffeehouse Bill Schultheis +7.41 9.68 -33.93 60 40 0
Tilt Toward Value Time Inc +7.30 9.42 -34.63 60 40 0
Marc Faber Portfolio Marc Faber +7.22 9.65 -28.82 50 25 25
Dimensional 2030 Retirement Income DFA +7.22 9.25 -31.78 55.9 44.1 0
Pinwheel +7.22 10.50 -36.89 65 25 10
Sheltered Sam 60/40 Bill Bernstein +7.22 9.24 -34.12 58.2 40 1.8
Edge Select Moderate Merrill Lynch +7.20 8.97 -29.58 53 47 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
Simple and Cheap Time Inc +7.10 9.41 -34.84 60 40 0
Nano Portfolio John Wasik +7.07 9.66 -36.66 60 40 0
LifeStrategy Moderate Growth Vanguard +7.01 9.53 -33.52 60 40 0
Simple Money Portfolio Tim Maurer +6.99 9.10 -32.39 60 40 0
Sandwich Portfolio Bob Clyatt +6.97 8.32 -28.96 55 45 0
Coward's Portfolio Bill Bernstein +6.93 9.11 -32.68 60 40 0
One-Decision Portfolio Marvin Appel +6.85 8.38 -31.96 50 50 0
Dynamic 40/60 Income +6.84 8.11 -29.84 40 60 0
Global Market Portfolio Credit Suisse +6.84 8.29 -25.90 45 55 0
Stocks/Bonds 40/60 +6.83 6.98 -19.17 40 60 0
Big Rocks Portfolio Larry Swedroe +6.83 9.15 -33.80 60 40 0
Ultimate Buy&Hold FundAdvice +6.82 9.29 -34.23 60 40 0
GAA Global Asset Allocation Mebane Faber +6.77 8.06 -24.91 40.5 49.5 10
Simplified Permanent Portfolio +6.75 6.88 -16.43 25 50 25
Sheltered Sam 50/50 Bill Bernstein +6.71 7.82 -28.23 48.5 50 1.5
Four Square Scott Burns +6.66 8.45 -29.95 50 50 0
Zefiro Portfolio Zefiro SCF +6.52 7.48 -20.61 20 50 30
Edge Select Moderately Conservative Merrill Lynch +6.49 6.86 -20.48 37 63 0
Desert Portfolio Gyroscopic Investing +6.48 5.50 -14.72 30 60 10
Andrew Tobias Portfolio Andrew Tobias +6.47 9.96 -36.42 66.7 33.3 0
Rob Arnott Portfolio Rob Arnott +6.46 7.22 -24.27 30 60 10
High Yield Bonds Income +6.42 8.80 -23.97 0 100 0
Permanent Portfolio Harry Browne +6.37 6.58 -15.92 25 50 25
Lifepath Fund iShares +6.37 7.00 -21.23 40.4 59.6 0
All Country World 60/40 +6.34 10.09 -36.70 60 40 0
LifeStrategy Conservative Growth Vanguard +6.23 6.89 -21.90 40 60 0
Sheltered Sam 40/60 Bill Bernstein +6.18 6.47 -22.05 38.8 60 1.2
All Country World 40/60 +6.06 7.63 -25.16 40 60 0
Paul Boyer Portfolio Paul Boyer +6.05 7.50 -18.04 25 50 25
Stocks/Bonds 20/80 Momentum +6.01 4.94 -17.91 20 80 0
Larry Portfolio Larry Swedroe +5.81 5.57 -15.96 30 70 0
All Country World 20/80 +5.64 5.63 -17.97 20 80 0
Sheltered Sam 30/70 Bill Bernstein +5.62 5.22 -16.58 29.1 70 0.9
Stocks/Bonds 20/80 +5.54 4.90 -16.57 20 80 0
Developed World ex-US 60/40 +5.46 10.22 -37.49 60 40 0

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

Swipe left to see all data
5 Years Stats (%)
% Allocation
Portfolio Author Return Dev.Std Drawdown Stocks Bonds Comm
Developed World ex-US 60/40 Momentum +4.51 10.92 -22.23 60 40 0
Developed World ex-US 60/40 +3.95 12.18 -22.40 60 40 0

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

Swipe left to see all data
30 Years Stats (%)
% Allocation
Portfolio Author Return Dev.Std Drawdown Stocks Bonds Comm
Stocks/Bonds 60/40 Momentum +9.34 9.56 -32.52 60 40 0
Simple Path to Wealth JL Collins +8.78 11.75 -38.53 75 25 0
Aim Bold Strategy Aim Ways +8.24 9.93 -30.09 45 40 15
Late Sixties and Beyond Burton Malkiel +8.13 11.69 -41.80 71 29 0
Talmud Portfolio Roger Gibson +8.01 10.81 -40.17 66.7 33.3 0
Analyze your Portfolio: Backtest Now!
Explore historical data since 1871 and fine-tune your investment strategy for better results.