All Country World Bonds To EUR Hedged Portfolio vs Aim Ways Ulcer Free Strategy To EUR Bond Hedged Portfolio Portfolio Comparison

Simulation Settings
Period: January 1994 - May 2025 (~31 years)
Consolidated Returns as of 31 May 2025
Rebalancing: at every Jan 1st
Currency: EUR
Inflation: Eurozone
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Results
30 Years
All (since January 1994)
Inflation Adjusted:
All Country World Bonds To EUR Hedged Portfolio
1.00€
Initial Capital
June 1995
3.18€
Final Capital
May 2025
3.93%
Yearly Return
3.53%
Std Deviation
-17.08%
Max Drawdown
58months*
Recovery Period
* in progress
1.00€
Initial Capital
June 1995
1.73€
Final Capital
May 2025
1.85%
Yearly Return
3.53%
Std Deviation
-30.22%
Max Drawdown
54months*
Recovery Period
* in progress
1.00€
Initial Capital
January 1994
2.96€
Final Capital
May 2025
3.52%
Yearly Return
3.69%
Std Deviation
-17.08%
Max Drawdown
58months*
Recovery Period
* in progress
1.00€
Initial Capital
January 1994
1.55€
Final Capital
May 2025
1.40%
Yearly Return
3.69%
Std Deviation
-30.22%
Max Drawdown
54months*
Recovery Period
* in progress
Aim Ways Ulcer Free Strategy To EUR Bond Hedged Portfolio
1.00€
Initial Capital
June 1995
6.84€
Final Capital
May 2025
6.62%
Yearly Return
5.37%
Std Deviation
-15.00%
Max Drawdown
33months
Recovery Period
1.00€
Initial Capital
June 1995
3.72€
Final Capital
May 2025
4.48%
Yearly Return
5.37%
Std Deviation
-24.01%
Max Drawdown
53months*
Recovery Period
* in progress
1.00€
Initial Capital
January 1994
6.69€
Final Capital
May 2025
6.23%
Yearly Return
5.42%
Std Deviation
-15.00%
Max Drawdown
33months
Recovery Period
1.00€
Initial Capital
January 1994
3.50€
Final Capital
May 2025
4.06%
Yearly Return
5.42%
Std Deviation
-24.01%
Max Drawdown
53months*
Recovery Period
* in progress

As of May 2025, in the previous 30 Years, the All Country World Bonds To EUR Hedged Portfolio obtained a 3.93% compound annual return, with a 3.53% standard deviation. It suffered a maximum drawdown of -17.08% which has been ongoing for 58 months and is still in progress.

As of May 2025, in the previous 30 Years, the Aim Ways Ulcer Free Strategy To EUR Bond Hedged Portfolio obtained a 6.62% compound annual return, with a 5.37% standard deviation. It suffered a maximum drawdown of -15.00% that required 33 months to be recovered.

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.
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Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

All Country World Bonds To EUR Hedged Portfolio
Weight
(%)		 Ticker Name
100.00
EUNA.DE
iShares Core Global Aggregate Bond EUR Hedged
Aim Ways Ulcer Free Strategy To EUR Bond Hedged Portfolio
Weight
(%)		 Ticker Name
11.00
SXRV.DE
iShares Nasdaq 100
34.00
EUNA.DE
iShares Core Global Aggregate Bond EUR Hedged
28.00
IBB1.DE
iShares USD Treasury Bond 7-10yr Eur Hedged
15.00
SPF1.DE
SPDR Refinitiv Global Convertible Bond EUR Hedged
12.00
PHAU
WisdomTree Physical Gold
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Portfolio Returns as of May 31, 2025

Returns are calculated in EUR, assuming:
  • no fees or capital gain taxes.
  • rebalancing: at every Jan 1st.
  • dividend reinvestment, when applicable.
RETURN COMPARISON
Period: 1 January 1994 - 31 May 2025 (~31 years)
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Return (%) as of May 31, 2025
YTD
(5M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~31Y)
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_world.webp All Country World Bonds • Hedged
-- Market Benchmark 		0.71 -0.80 -0.28 3.82 -1.77 0.01 3.93 3.52
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_aim_ways2.webp Ulcer Free Strategy • Bond Hedged
Aim Ways 		2.75 0.60 1.75 10.00 2.87 3.70 6.62 6.23
Return over 1 year are annualized.
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Capital Growth as of May 31, 2025

All Country World Bonds To EUR Hedged Portfolio: an investment of 1€, since June 1995, now would be worth 3.18€, with a total return of 218.15% (3.93% annualized).

Aim Ways Ulcer Free Strategy To EUR Bond Hedged Portfolio: an investment of 1€, since June 1995, now would be worth 6.84€, with a total return of 583.60% (6.62% annualized).


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All Country World Bonds To EUR Hedged Portfolio: an investment of 1€, since January 1994, now would be worth 2.96€, with a total return of 196.05% (3.52% annualized).

Aim Ways Ulcer Free Strategy To EUR Bond Hedged Portfolio: an investment of 1€, since January 1994, now would be worth 6.69€, with a total return of 568.59% (6.23% annualized).


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Portfolio Metrics as of May 31, 2025

The following metrics, updated as of 31 May 2025, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON
Period: 1 June 2024 - 31 May 2025 (1 year)
Period: 1 June 2020 - 31 May 2025 (5 years)
Period: 1 June 2015 - 31 May 2025 (10 years)
Period: 1 June 1995 - 31 May 2025 (30 years)
Period: 1 January 1994 - 31 May 2025 (~31 years)
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All Country World Bonds To EUR Hedged Ulcer Free Strategy To EUR Bond Hedged
Author Aim Ways
ASSET ALLOCATION
Stocks 0% 11%
Fixed Income 100% 77%
Commodities 0% 12%
PERFORMANCES
Annualized Return (%) 3.82 10.00
Infl. Adjusted Return (%) 1.83 7.90
DRAWDOWN
Deepest Drawdown Depth (%) -1.58 -0.98
Start to Recovery (months) 7 2
Longest Drawdown Depth (%) -1.58 -0.75
Start to Recovery (months) 7 3
Longest Negative Period (months) 8* 2
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 3.40 3.52
Sharpe Ratio -0.26 1.51
Sortino Ratio -0.33 2.07
Ulcer Index 0.73 0.36
Ratio: Return / Standard Deviation 1.12 2.85
Ratio: Return / Deepest Drawdown 2.41 10.25
Metrics calculated over the period 1 June 2024 - 31 May 2025
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All Country World Bonds To EUR Hedged Ulcer Free Strategy To EUR Bond Hedged
Author Aim Ways
ASSET ALLOCATION
Stocks 0% 11%
Fixed Income 100% 77%
Commodities 0% 12%
PERFORMANCES
Annualized Return (%) -1.77 2.87
Infl. Adjusted Return (%) -5.64 -1.18
DRAWDOWN
Deepest Drawdown Depth (%) -17.08 -15.00
Start to Recovery (months) 58* 33
Longest Drawdown Depth (%) -17.08 -15.00
Start to Recovery (months) 58* 33
Longest Negative Period (months) 60* 45
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 4.86 6.01
Sharpe Ratio -0.90 0.04
Sortino Ratio -1.25 0.06
Ulcer Index 10.23 6.75
Ratio: Return / Standard Deviation -0.36 0.48
Ratio: Return / Deepest Drawdown -0.10 0.19
Metrics calculated over the period 1 June 2020 - 31 May 2025
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All Country World Bonds To EUR Hedged Ulcer Free Strategy To EUR Bond Hedged
Author Aim Ways
ASSET ALLOCATION
Stocks 0% 11%
Fixed Income 100% 77%
Commodities 0% 12%
PERFORMANCES
Annualized Return (%) 0.01 3.70
Infl. Adjusted Return (%) -2.43 1.17
DRAWDOWN
Deepest Drawdown Depth (%) -17.08 -15.00
Start to Recovery (months) 58* 33
Longest Drawdown Depth (%) -17.08 -15.00
Start to Recovery (months) 58* 33
Longest Negative Period (months) 116 45
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 3.98 5.17
Sharpe Ratio -0.45 0.37
Sortino Ratio -0.61 0.52
Ulcer Index 7.46 4.86
Ratio: Return / Standard Deviation 0.00 0.72
Ratio: Return / Deepest Drawdown 0.00 0.25
Metrics calculated over the period 1 June 2015 - 31 May 2025
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All Country World Bonds To EUR Hedged Ulcer Free Strategy To EUR Bond Hedged
Author Aim Ways
ASSET ALLOCATION
Stocks 0% 11%
Fixed Income 100% 77%
Commodities 0% 12%
PERFORMANCES
Annualized Return (%) 3.93 6.62
Infl. Adjusted Return (%) 1.85 4.48
DRAWDOWN
Deepest Drawdown Depth (%) -17.08 -15.00
Start to Recovery (months) 58* 33
Longest Drawdown Depth (%) -17.08 -15.00
Start to Recovery (months) 58* 33
Longest Negative Period (months) 131 45
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 3.53 5.37
Sharpe Ratio 0.47 0.81
Sortino Ratio 0.65 1.16
Ulcer Index 4.40 3.22
Ratio: Return / Standard Deviation 1.11 1.23
Ratio: Return / Deepest Drawdown 0.23 0.44
Metrics calculated over the period 1 June 1995 - 31 May 2025
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All Country World Bonds To EUR Hedged Ulcer Free Strategy To EUR Bond Hedged
Author Aim Ways
ASSET ALLOCATION
Stocks 0% 11%
Fixed Income 100% 77%
Commodities 0% 12%
PERFORMANCES
Annualized Return (%) 3.52 6.23
Infl. Adjusted Return (%) 1.40 4.06
DRAWDOWN
Deepest Drawdown Depth (%) -17.08 -15.00
Start to Recovery (months) 58* 33
Longest Drawdown Depth (%) -17.08 -15.00
Start to Recovery (months) 58* 33
Longest Negative Period (months) 131 45
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 3.69 5.42
Sharpe Ratio 0.31 0.71
Sortino Ratio 0.43 1.02
Ulcer Index 4.75 3.54
Ratio: Return / Standard Deviation 0.95 1.15
Ratio: Return / Deepest Drawdown 0.21 0.42
Metrics calculated over the period 1 January 1994 - 31 May 2025
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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 June 1995 - 31 May 2025 (30 years)
Period: 1 January 1994 - 31 May 2025 (~31 years)

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All Country World Bonds To EUR Hedged Ulcer Free Strategy To EUR Bond Hedged
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-17.08 58* Aug 2020
In progress
-15.00 33 Jan 2022
Sep 2024
-7.02 32 Sep 2000
Apr 2003
-6.69 11 Mar 2008
Jan 2009
-4.93 35 Aug 2016
Jun 2019
-4.63 5 Apr 2000
Aug 2000
-4.05 10 Apr 2013
Jan 2014
-3.84 15 May 1999
Jul 2000
-3.64 9 Nov 2010
Jul 2011
-3.54 3 Jul 1998
Sep 1998
-3.30 11 Apr 2015
Feb 2016
-3.19 9 Aug 2016
Apr 2017
-2.88 6 Aug 1997
Jan 1998
-2.75 10 May 2013
Feb 2014
-2.69 5 May 1999
Sep 1999

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All Country World Bonds To EUR Hedged Ulcer Free Strategy To EUR Bond Hedged
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-17.08 58* Aug 2020
In progress
-15.00 33 Jan 2022
Sep 2024
-12.11 23 Feb 1994
Dec 1995
-10.20 19 Feb 1994
Aug 1995
-7.02 32 Sep 2000
Apr 2003
-6.69 11 Mar 2008
Jan 2009
-4.93 35 Aug 2016
Jun 2019
-4.63 5 Apr 2000
Aug 2000
-4.05 10 Apr 2013
Jan 2014
-3.84 15 May 1999
Jul 2000
-3.64 9 Nov 2010
Jul 2011
-3.54 3 Jul 1998
Sep 1998
-3.30 11 Apr 2015
Feb 2016
-3.19 9 Aug 2016
Apr 2017
-2.88 6 Aug 1997
Jan 1998

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 1994 - 31 May 2025 (~31 years)


Head To Head (Ptf 1 vs Ptf 2):
Eurozone 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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All Country World Bonds To EUR Hedged Ulcer Free Strategy To EUR Bond Hedged
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 0.71 -0.80 2.75 -0.75
2024
 1.60 -2.07 8.89 -1.43
2023
 4.36 -3.95 10.40 -3.55
2022
 -13.52 -14.03 -15.00 -15.00
2021
 -2.37 -2.55 2.63 -2.26
2020
 3.70 -1.12 13.77 -1.61
2019
 5.06 -1.90 12.30 -0.92
2018
 -1.40 -2.60 -1.11 -1.73
2017
 0.87 -0.66 3.35 -1.22
2016
 2.51 -3.32 4.08 -3.19
2015
 0.69 -2.33 2.79 -3.30
2014
 7.75 -0.29 11.66 -0.92
2013
 -0.23 -2.75 0.86 -4.05
2012
 5.37 -0.24 6.80 -1.65
2011
 6.17 -0.64 8.04 -0.95
2010
 4.64 -1.87 11.05 -2.71
2009
 4.98 -1.03 14.45 -0.24
2008
 6.82 -1.52 -0.32 -6.69
2007
 4.17 -1.32 8.04 -0.58
2006
 1.34 -1.79 3.18 -2.35
2005
 3.19 -1.35 8.30 -1.02
2004
 5.53 -1.54 3.98 -2.64
2003
 3.87 -2.19 8.34 -0.67
2002
 10.17 -0.94 3.11 -3.34
2001
 7.32 -1.35 1.12 -3.68
2000
 8.11 -0.37 2.25 -5.18
1999
 -1.50 -3.84 19.11 -2.69
1998
 8.51 -0.52 16.30 -3.54
1997
 11.65 -1.20 12.16 -2.88
1996
 12.39 -1.76 11.33 -1.80
1995
 13.75 -0.82 17.44 -0.17
1994
 -10.65 -12.11 -8.41 -10.20
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