Ferdinando Ametrano New Talmud Portfolio vs Ray Dalio All Weather Portfolio To EUR Bond Hedged Portfolio Comparison

Simulation Settings
Period: January 2011 - February 2026 (~15 years)
Consolidated Returns as of 28 February 2026
Initial Amount: 1$
Rebalancing: at every Jan 1st
Currency: USD
Inflation: US
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Results
All Data
(2011/01 - 2026/02)
Inflation Adjusted:
JP Morgan JP Morgan Balanced Portfolio
1.00$
Invested Capital
January 2011
2.99$
Final Capital
February 2026
7.48%
Yearly Return
9.53%
Std Deviation
-18.85%
Max Drawdown
27months
Recovery Period
1.00$
Invested Capital
January 2011
2.01$
Final Capital
February 2026
4.71%
Yearly Return
9.53%
Std Deviation
-23.53%
Max Drawdown
48months
Recovery Period
Ray Dalio Ray Dalio All Weather Portfolio To EUR Bond Hedged
1.00€
Invested Capital
January 2011
2.60€
Final Capital
February 2026
6.51%
Yearly Return
7.02%
Std Deviation
-18.77%
Max Drawdown
38months
Recovery Period
1.00€
Invested Capital
January 2011
1.91€
Final Capital
February 2026
4.36%
Yearly Return
7.02%
Std Deviation
-28.01%
Max Drawdown
50months*
Recovery Period
* in progress

As of February 2026, over the analyzed timeframe, the JP Morgan Balanced Portfolio obtained a 7.48% compound annual return, with a 9.53% standard deviation. It suffered a maximum drawdown of -18.85% that required 27 months to be recovered.

As of February 2026, over the analyzed timeframe, the Ray Dalio All Weather Portfolio To EUR Bond Hedged obtained a 6.51% compound annual return, with a 7.02% standard deviation. It suffered a maximum drawdown of -18.77% that required 38 months to be recovered.

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Disclaimer: The simulations on this website are provided in good faith but should NOT be taken as investment advice. We are not liable for any errors or actions based on this information. The authors of the website are not affiliated with the portfolio creators, who are the sole owners of their intellectual property. The translation of asset allocations into ETFs is based on the interpretation of LazyPortfolioETF.com and may not exactly reflect the original intent of the portfolio creators. Content is for informational, educational, illustrative, and entertainment purposes only.

Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

JP Morgan
JP Morgan Balanced Portfolio
Weight
(%)		 Ticker Name
25.00
SPY
SPDR S&P 500
15.00
EFA
iShares MSCI EAFE
10.00
IJR
iShares Core S&P Small-Cap
5.00
EEM
iShares MSCI Emerging Markets
5.00
VNQ
Vanguard Real Estate
25.00
BND
Vanguard Total Bond Market
5.00
BIL
SPDR Blmbg Barclays 1-3 Mth T-Bill
5.00
HYG
iShares iBoxx $ High Yield Corporate Bond
5.00
DBC
Invesco DB Commodity Tracking
Ray Dalio
Ray Dalio All Weather Portfolio To EUR Bond Hedged
Weight
(%)		 Ticker Name
30.00
XD9U.DE
Xtrackers MSCI USA
40.00
IUSV.DE
iShares USD Treasury Bond 20+yr EUR Hedged
15.00
CBUE.DE
iShares USD Treasury Bond 3-7yr Eur Hedged
7.50
PHAU
WisdomTree Physical Gold
7.50
UIQK.DE
UBS CMCI Composite SF
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Portfolio Returns as of Feb 28, 2026

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • rebalancing: at every Jan 1st.
  • dividend reinvestment, when applicable.
Return Comparison
Capital Growth
All Data
(2011/01 - 2026/02)
Inflation Adjusted:
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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
JP Morgan JP Morgan Balanced Portfolio
JP Morgan 		1 $ 2.99 $ 198.79% 7.48%
Ray Dalio All Weather Portfolio To EUR Bond Hedged
Ray Dalio 		1 $ 2.60 $ 160.33% 6.51%
Jan 2011 Feb 2026

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
JP Morgan JP Morgan Balanced Portfolio
JP Morgan 		1 $ 2.01 $ 101.11% 4.71%
Ray Dalio All Weather Portfolio To EUR Bond Hedged
Ray Dalio 		1 $ 1.91 $ 91.01% 4.36%
Jan 2011 Feb 2026

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Return (%) as of Feb 28, 2026
YTD
(2M) 		1M 6M 1Y 5Y 10Y MAX
(~15Y)
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_jpmorgan.webp JP Morgan Balanced Portfolio
JP Morgan 		4.65 1.84 9.21 16.65 7.69 8.91 7.48
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_ray_dalio.webp All Weather Portfolio • Bond Hedged
Ray Dalio 		3.05 2.23 8.90 6.53 4.21 5.13 6.51
Returns over 1 year are annualized.
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Portfolio Metrics as of Feb 28, 2026

The following metrics, updated as of 28 February 2026, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON
Period: 1 March 2025 - 28 February 2026 (1 year)
Period: 1 March 2021 - 28 February 2026 (5 years)
Period: 1 March 2016 - 28 February 2026 (10 years)
Period: 1 January 2011 - 28 February 2026 (~15 years)
1 Year
5 Years
10 Years
All (2011/01 - 2026/02)
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JP Morgan Balanced Portfolio All Weather Portfolio To EUR Bond Hedged
Author JP Morgan Ray Dalio
ASSET ALLOCATION
Stocks 60% 30%
Fixed Income 35% 55%
Commodities 5% 15%
PERFORMANCES
Annualized Return (%) 16.65 6.53
Infl. Adjusted (%) 13.91 5.25
DRAWDOWN
Deepest Drawdown Depth (%) -2.36 -4.85
Start to Recovery (months) 3 7
Longest Drawdown Depth (%) -2.36 -4.85
Start to Recovery (months) 3 7
Longest Negative Period (months) 2 6
RISK INDICATORS
Standard Deviation (%) 5.12 6.11
Sharpe Ratio 2.46 0.41
Sortino Ratio 3.22 0.55
Ulcer Index 0.84 2.40
Ratio: Return / Standard Deviation 3.25 1.07
Ratio: Return / Deepest Drawdown 7.07 1.35
Metrics calculated over the period 1 March 2025 - 28 February 2026
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JP Morgan Balanced Portfolio All Weather Portfolio To EUR Bond Hedged
Author JP Morgan Ray Dalio
ASSET ALLOCATION
Stocks 60% 30%
Fixed Income 35% 55%
Commodities 5% 15%
PERFORMANCES
Annualized Return (%) 7.69 4.21
Infl. Adjusted (%) 3.11 0.14
DRAWDOWN
Deepest Drawdown Depth (%) -18.85 -18.77
Start to Recovery (months) 27 38
Longest Drawdown Depth (%) -18.85 -18.77
Start to Recovery (months) 27 38
Longest Negative Period (months) 32 45
RISK INDICATORS
Standard Deviation (%) 10.33 8.29
Sharpe Ratio 0.43 0.12
Sortino Ratio 0.57 0.17
Ulcer Index 6.26 8.63
Ratio: Return / Standard Deviation 0.74 0.51
Ratio: Return / Deepest Drawdown 0.41 0.22
Metrics calculated over the period 1 March 2021 - 28 February 2026
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JP Morgan Balanced Portfolio All Weather Portfolio To EUR Bond Hedged
Author JP Morgan Ray Dalio
ASSET ALLOCATION
Stocks 60% 30%
Fixed Income 35% 55%
Commodities 5% 15%
PERFORMANCES
Annualized Return (%) 8.91 5.13
Infl. Adjusted (%) 5.46 2.39
DRAWDOWN
Deepest Drawdown Depth (%) -18.85 -18.77
Start to Recovery (months) 27 38
Longest Drawdown Depth (%) -18.85 -18.77
Start to Recovery (months) 27 38
Longest Negative Period (months) 32 45
RISK INDICATORS
Standard Deviation (%) 10.09 7.05
Sharpe Ratio 0.68 0.43
Sortino Ratio 0.88 0.62
Ulcer Index 5.04 6.24
Ratio: Return / Standard Deviation 0.88 0.73
Ratio: Return / Deepest Drawdown 0.47 0.27
Metrics calculated over the period 1 March 2016 - 28 February 2026
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JP Morgan Balanced Portfolio All Weather Portfolio To EUR Bond Hedged
Author JP Morgan Ray Dalio
ASSET ALLOCATION
Stocks 60% 30%
Fixed Income 35% 55%
Commodities 5% 15%
PERFORMANCES
Annualized Return (%) 7.48 6.51
Infl. Adjusted (%) 4.71 4.36
DRAWDOWN
Deepest Drawdown Depth (%) -18.85 -18.77
Start to Recovery (months) 27 38
Longest Drawdown Depth (%) -18.85 -18.77
Start to Recovery (months) 27 38
Longest Negative Period (months) 32 45
RISK INDICATORS
Standard Deviation (%) 9.53 7.02
Sharpe Ratio 0.64 0.73
Sortino Ratio 0.85 1.05
Ulcer Index 4.52 5.29
Ratio: Return / Standard Deviation 0.79 0.93
Ratio: Return / Deepest Drawdown 0.40 0.35
Metrics calculated over the period 1 January 2011 - 28 February 2026
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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.

DRAWDOWN COMPARISON
Period: 1 March 2016 - 28 February 2026 (10 years)
Period: 1 January 2011 - 28 February 2026 (~15 years)

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JP Morgan Balanced Portfolio All Weather Portfolio To EUR Bond Hedged
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-18.85 27 Jan 2022
Mar 2024
-18.77 38 Jan 2022
Feb 2025
-15.47 8 Jan 2020
Aug 2020
-12.53 10 May 2011
Feb 2012
-9.17 8 Sep 2018
Apr 2019
-8.03 14 Jun 2015
Jul 2016
-6.98 15 Apr 2015
Jun 2016
-5.50 5 Apr 2012
Aug 2012
-4.85 7 Mar 2025
Sep 2025
-4.83 10 May 2013
Feb 2014
-4.34 17 Aug 2016
Dec 2017
-4.10 9 Aug 2012
Apr 2013
-3.69 2 May 2019
Jun 2019
-3.64 6 Sep 2018
Feb 2019
-3.40 5 Jan 2018
May 2018

Rolling Returns

By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the Simulation Settings.

You can explore the Rolling Returns for a single portfolio, or check the return differential, by switching on "Head To Head" toggle.

Rolling Returns Comparison
Annualized Rolling Returns Chart
Rolling Returns Chart - Inflation Adjusted
Time Period: 1 January 2011 - 28 February 2026 (~15 years)


Head To Head (Ptf 1 vs Ptf 2):
US Inflation Adjusted:

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Yearly Returns

For each year, the following table provides the return and intra-year drawdown. The highlighted returns represent the highest values for that specific year.

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JP Morgan Balanced Portfolio All Weather Portfolio To EUR Bond Hedged
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2026
 4.65 0.00 3.05 0.00
2025
 14.43 -2.36 6.63 -4.85
2024
 9.29 -3.04 9.20 -2.72
2023
 13.79 -7.82 7.27 -7.13
2022
 -13.45 -18.85 -16.88 -16.88
2021
 15.19 -2.45 12.42 -2.13
2020
 9.26 -15.47 10.90 -2.94
2019
 19.35 -3.69 17.78 -1.22
2018
 -5.75 -9.17 -2.31 -3.64
2017
 14.09 0.00 4.53 -2.25
2016
 9.08 -3.28 6.21 -4.34
2015
 -2.23 -6.99 2.08 -6.98
2014
 4.48 -2.74 20.10 -0.33
2013
 14.73 -2.28 -0.32 -4.83
2012
 11.83 -5.50 6.15 -3.34
2011
 0.39 -12.53 17.77 -2.26
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