Zefiro SCF Zefiro Portfolio: Rebalancing Strategy

Data Source: from January 1985 to April 2024
Consolidated Returns as of 30 April 2024

Managing the Zefiro SCF Zefiro Portfolio with a yearly rebalancing, you would have obtained a 6.78% compound annual return in the last 30 Years.

With a quarterly rebalancing, over the same period, the return would have been 6.73%.

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 Apr 30, 2024

Implementing different rebalancing strategies, the Zefiro SCF Zefiro Portfolio guaranteed the following returns.

According to the available data source, we assume we built the portfolio on January 1985.

Portfolio returns are calculated in USD, assuming:
  • No fees or capital gain taxes
  • the reinvestment of dividends, if existing
ZEFIRO SCF ZEFIRO PORTFOLIO RETURNS
Period: January 1985 - April 2024
Annualized Returns
Swipe left to see all data
Return (%) and number of rebalances as of Apr 30, 2024
Rebalancing Strategy 1Y 5Y 10Y 30Y MAX
(~39Y)
Yearly Rebalancing 4.75 (1) 5.54 (5) 3.76 (10) 6.78 (30) 7.89 (40)
Half Yearly Rebalancing 4.60 (2) 5.74 (10) 3.94 (20) 6.78 (60) 7.90 (79)
Quarterly Rebalancing 5.10 (4) 5.88 (20) 3.95 (40) 6.73 (120) 7.93 (158)
5% Tolerance per asset 5.04 (1) 6.42 (4) 4.19 (7) 7.03 (22) 8.21 (27)
10% Tolerance per asset 6.92 (1) 5.55 (1) 4.07 (2) 6.92 (7) 8.10 (8)

In order to have complete information about the portfolio, please refer to the Zefiro SCF Zefiro Portfolio: ETF allocation and returns page.

Performances as of Apr 30, 2024

Historical returns and stats of Zefiro SCF Zefiro Portfolio, after implementing different rebalancing strategies.

ZEFIRO SCF ZEFIRO PORTFOLIO PERFORMANCES
Period: January 1985 - April 2024
Swipe left to see all data
Standard Deviation
Max Drawdown (%)
Rebalancing Strategy Return % Std Dev(%) Ret. / Std Dev MaxDD(%) Ret. / MaxDD
Yearly Rebalancing 7.89 (40) 7.24 1.09 -20.61 0.38
Half Yearly Rebalancing 7.90 (79) 7.19 1.10 -18.72 0.42
Quarterly Rebalancing 7.93 (158) 7.23 1.10 -20.40 0.39
5% Tolerance per asset 8.21 (27) 7.21 1.14 -20.20 0.41
10% Tolerance per asset 8.10 (8) 7.54 1.07 -21.66 0.37
(*) Since Jan 1985 (~39 yrs) | Annualized Returns (and number of rebalances)

Drawdowns as of Apr 30, 2024

Historical Drawdowns of Zefiro SCF Zefiro Portfolio, after implementing different rebalancing strategies.

ZEFIRO SCF ZEFIRO PORTFOLIO DRAWDOWNS
Period: January 1985 - April 2024
Swipe left to see all data
Rebalancing
Tolerance per asset
Yearly Half Yearly Quarterly 5% 10%
-20.61
Jul 2008 - Aug 2010
-18.72
Jul 2008 - Apr 2010
-20.40
Jul 2008 - Aug 2010
-20.20
Jul 2008 - Aug 2010
-21.66
Jul 2008 - Sep 2010
-15.09
Apr 2022 - In progress
-14.87
Apr 2022 - In progress
-15.48
Apr 2022 - In progress
-15.31
Apr 2022 - In progress
-15.75
Apr 2022 - Mar 2024
-11.32
Sep 2014 - Aug 2017
-11.46
Sep 2014 - Aug 2017
-12.08
Sep 2014 - Oct 2017
-11.61
Sep 2014 - Aug 2017
-9.58
Sep 2014 - Jul 2016
-7.24
Oct 2012 - Apr 2014
-7.29
Oct 2012 - May 2014
-7.55
Oct 2012 - May 2014
-6.88
Feb 1994 - Apr 1995
-7.36
Feb 1994 - Apr 1995
-6.78
Feb 1994 - Apr 1995
-6.59
Feb 1994 - Apr 1995
-6.69
Feb 1994 - Apr 1995
-6.64
May 2013 - Apr 2014
-6.68
Oct 2012 - May 2014
5 Worst Drawdowns - Average
-12.21 -11.79 -12.44 -12.13 -12.21
10 Worst Drawdowns - Average
-8.84 -8.60 -8.90 -8.65 -9.02

For a deeper insight, please refer to the Zefiro SCF Zefiro Portfolio: ETF allocation and returns page.