Andrew Tobias Portfolio vs Stocks/Bonds 40/60 Momentum Portfolio Portfolio Comparison

Simulation Settings
Period: January 1982 - April 2025 (~43 years)
Consolidated Returns as of 30 April 2025
Rebalancing: at every Jan 1st
Currency: USD
Inflation: US
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Results
30 Years
All (since January 1982)
Inflation Adjusted:
Andrew Tobias Portfolio
1.00$
Initial Capital
May 1995
6.92$
Final Capital
April 2025
6.66%
Yearly Return
9.97%
Std Deviation
-36.42%
Max Drawdown
42months
Recovery Period
1.00$
Initial Capital
May 1995
3.29$
Final Capital
April 2025
4.05%
Yearly Return
9.97%
Std Deviation
-37.47%
Max Drawdown
66months
Recovery Period
1.00$
Initial Capital
January 1982
36.89$
Final Capital
April 2025
8.68%
Yearly Return
10.03%
Std Deviation
-36.42%
Max Drawdown
42months
Recovery Period
1.00$
Initial Capital
January 1982
10.86$
Final Capital
April 2025
5.66%
Yearly Return
10.03%
Std Deviation
-37.47%
Max Drawdown
66months
Recovery Period
Stocks/Bonds 40/60 Momentum Portfolio
1.00$
Initial Capital
May 1995
10.51$
Final Capital
April 2025
8.16%
Yearly Return
7.10%
Std Deviation
-21.11%
Max Drawdown
35months
Recovery Period
1.00$
Initial Capital
May 1995
4.99$
Final Capital
April 2025
5.50%
Yearly Return
7.10%
Std Deviation
-27.85%
Max Drawdown
42months*
Recovery Period
* in progress
1.00$
Initial Capital
January 1982
55.73$
Final Capital
April 2025
9.72%
Yearly Return
7.46%
Std Deviation
-21.11%
Max Drawdown
35months
Recovery Period
1.00$
Initial Capital
January 1982
16.40$
Final Capital
April 2025
6.67%
Yearly Return
7.46%
Std Deviation
-27.85%
Max Drawdown
42months*
Recovery Period
* in progress

As of April 2025, in the previous 30 Years, the Andrew Tobias Portfolio obtained a 6.66% compound annual return, with a 9.97% standard deviation. It suffered a maximum drawdown of -36.42% that required 42 months to be recovered.

As of April 2025, in the previous 30 Years, the Stocks/Bonds 40/60 Momentum Portfolio obtained a 8.16% compound annual return, with a 7.10% standard deviation. It suffered a maximum drawdown of -21.11% that required 35 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.

Andrew Tobias Portfolio
Weight
(%)		 Ticker Name
33.34
VTI
Vanguard Total Stock Market
33.33
EFA
iShares MSCI EAFE
33.33
SHY
iShares 1-3 Year Treasury Bond
Stocks/Bonds 40/60 Momentum Portfolio
Weight
(%)		 Ticker Name
40.00
MTUM
iShares Edge MSCI USA Momentum Fctr
60.00
BND
Vanguard Total Bond Market
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Portfolio Returns as of Apr 30, 2025

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • rebalancing: at every Jan 1st.
  • dividend reinvestment, when applicable.
RETURN COMPARISON
Period: 1 January 1982 - 30 April 2025 (~43 years)
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Return (%) as of Apr 30, 2025
YTD
(4M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~43Y)
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_andrew_tobias.webp Andrew Tobias Portfolio
Andrew Tobias 		2.98 1.35 3.36 10.91 9.39 6.42 6.66 8.68
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_us_author.webp Stocks/Bonds 40/60 Momentum
-- Market Benchmark 		2.44 1.68 3.30 12.98 4.94 6.27 8.16 9.72
Return over 1 year are annualized.
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Capital Growth as of Apr 30, 2025

Andrew Tobias Portfolio: an investment of 1$, since May 1995, now would be worth 6.92$, with a total return of 592.21% (6.66% annualized).

Stocks/Bonds 40/60 Momentum Portfolio: an investment of 1$, since May 1995, now would be worth 10.51$, with a total return of 951.11% (8.16% annualized).


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Andrew Tobias Portfolio: an investment of 1$, since January 1982, now would be worth 36.89$, with a total return of 3588.55% (8.68% annualized).

Stocks/Bonds 40/60 Momentum Portfolio: an investment of 1$, since January 1982, now would be worth 55.73$, with a total return of 5473.10% (9.72% annualized).


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Portfolio Metrics as of Apr 30, 2025

The following metrics, updated as of 30 April 2025, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON
Period: 1 May 2024 - 30 April 2025 (1 year)
Period: 1 May 2020 - 30 April 2025 (5 years)
Period: 1 May 2015 - 30 April 2025 (10 years)
Period: 1 May 1995 - 30 April 2025 (30 years)
Period: 1 January 1982 - 30 April 2025 (~43 years)
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Andrew Tobias Portfolio Stocks/Bonds 40/60 Momentum
Author Andrew Tobias
ASSET ALLOCATION
Stocks 66.67% 40%
Fixed Income 33.33% 60%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 10.91 12.98
Infl. Adjusted Return (%) 8.65 10.69
DRAWDOWN
Deepest Drawdown Depth (%) -2.23 -3.03
Start to Recovery (months) 2 2*
Longest Drawdown Depth (%) -1.70 -2.82
Start to Recovery (months) 2* 3
Longest Negative Period (months) 6 5*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 6.37 7.65
Sharpe Ratio 0.96 1.07
Sortino Ratio 1.22 1.32
Ulcer Index 0.96 1.28
Ratio: Return / Standard Deviation 1.71 1.70
Ratio: Return / Deepest Drawdown 4.90 4.29
Metrics calculated over the period 1 May 2024 - 30 April 2025
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Andrew Tobias Portfolio Stocks/Bonds 40/60 Momentum
Author Andrew Tobias
ASSET ALLOCATION
Stocks 66.67% 40%
Fixed Income 33.33% 60%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 9.39 4.94
Infl. Adjusted Return (%) 4.65 0.39
DRAWDOWN
Deepest Drawdown Depth (%) -18.85 -21.11
Start to Recovery (months) 24 35
Longest Drawdown Depth (%) -18.85 -21.11
Start to Recovery (months) 24 35
Longest Negative Period (months) 31 42
RISK INDICATORS
Standard Deviation (%) 10.53 9.75
Sharpe Ratio 0.65 0.25
Sortino Ratio 0.89 0.33
Ulcer Index 5.87 10.15
Ratio: Return / Standard Deviation 0.89 0.51
Ratio: Return / Deepest Drawdown 0.50 0.23
Metrics calculated over the period 1 May 2020 - 30 April 2025
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Andrew Tobias Portfolio Stocks/Bonds 40/60 Momentum
Author Andrew Tobias
ASSET ALLOCATION
Stocks 66.67% 40%
Fixed Income 33.33% 60%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 6.42 6.27
Infl. Adjusted Return (%) 3.25 3.10
DRAWDOWN
Deepest Drawdown Depth (%) -18.85 -21.11
Start to Recovery (months) 24 35
Longest Drawdown Depth (%) -18.85 -21.11
Start to Recovery (months) 24 35
Longest Negative Period (months) 31 46
RISK INDICATORS
Standard Deviation (%) 9.87 8.26
Sharpe Ratio 0.47 0.55
Sortino Ratio 0.63 0.72
Ulcer Index 4.97 7.32
Ratio: Return / Standard Deviation 0.65 0.76
Ratio: Return / Deepest Drawdown 0.34 0.30
Metrics calculated over the period 1 May 2015 - 30 April 2025
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Andrew Tobias Portfolio Stocks/Bonds 40/60 Momentum
Author Andrew Tobias
ASSET ALLOCATION
Stocks 66.67% 40%
Fixed Income 33.33% 60%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 6.66 8.16
Infl. Adjusted Return (%) 4.05 5.50
DRAWDOWN
Deepest Drawdown Depth (%) -36.42 -21.11
Start to Recovery (months) 42 35
Longest Drawdown Depth (%) -25.91 -21.11
Start to Recovery (months) 55 35
Longest Negative Period (months) 111 46
RISK INDICATORS
Standard Deviation (%) 9.97 7.10
Sharpe Ratio 0.44 0.83
Sortino Ratio 0.58 1.09
Ulcer Index 8.57 5.26
Ratio: Return / Standard Deviation 0.67 1.15
Ratio: Return / Deepest Drawdown 0.18 0.39
Metrics calculated over the period 1 May 1995 - 30 April 2025
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Andrew Tobias Portfolio Stocks/Bonds 40/60 Momentum
Author Andrew Tobias
ASSET ALLOCATION
Stocks 66.67% 40%
Fixed Income 33.33% 60%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 8.68 9.72
Infl. Adjusted Return (%) 5.66 6.67
DRAWDOWN
Deepest Drawdown Depth (%) -36.42 -21.11
Start to Recovery (months) 42 35
Longest Drawdown Depth (%) -25.91 -21.11
Start to Recovery (months) 55 35
Longest Negative Period (months) 111 46
RISK INDICATORS
Standard Deviation (%) 10.03 7.46
Sharpe Ratio 0.51 0.82
Sortino Ratio 0.68 1.10
Ulcer Index 7.39 4.66
Ratio: Return / Standard Deviation 0.87 1.30
Ratio: Return / Deepest Drawdown 0.24 0.46
Metrics calculated over the period 1 January 1982 - 30 April 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 May 1995 - 30 April 2025 (30 years)
Period: 1 January 1982 - 30 April 2025 (~43 years)

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Andrew Tobias Portfolio Stocks/Bonds 40/60 Momentum
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-36.42 42 Nov 2007
Apr 2011
-25.91 55 Apr 2000
Oct 2004
-21.11 35 Nov 2021
Sep 2024
-20.54 30 Nov 2007
Apr 2010
-18.85 24 Jan 2022
Dec 2023
-13.71 8 Jan 2020
Aug 2020
-13.69 20 May 2011
Dec 2012
-9.73 5 Jul 1998
Nov 1998
-8.88 15 Feb 2018
Apr 2019
-8.81 19 Jun 2015
Dec 2016
-8.48 28 Feb 2001
May 2003
-7.10 4 Feb 2020
May 2020
-5.89 6 Oct 2018
Mar 2019
-4.13 3 Aug 1998
Oct 1998
-3.79 2 May 2019
Jun 2019

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Andrew Tobias Portfolio Stocks/Bonds 40/60 Momentum
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-36.42 42 Nov 2007
Apr 2011
-25.91 55 Apr 2000
Oct 2004
-21.11 35 Nov 2021
Sep 2024
-20.54 30 Nov 2007
Apr 2010
-18.85 24 Jan 2022
Dec 2023
-14.68 15 Sep 1987
Nov 1988
-13.77 19 Sep 1987
Mar 1989
-13.71 8 Jan 2020
Aug 2020
-13.69 20 May 2011
Dec 2012
-12.76 14 Jan 1990
Feb 1991
-9.73 5 Jul 1998
Nov 1998
-8.88 15 Feb 2018
Apr 2019
-8.81 19 Jun 2015
Dec 2016
-8.48 28 Feb 2001
May 2003
-8.27 9 Jan 1982
Sep 1982

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 1982 - 30 April 2025 (~43 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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Andrew Tobias Portfolio Stocks/Bonds 40/60 Momentum
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 2.98 -1.70 2.44 -3.03
2024
 10.41 -2.74 13.98 -3.77
2023
 16.14 -6.53 6.90 -5.19
2022
 -12.58 -18.85 -15.17 -19.48
2021
 12.14 -2.75 4.23 -2.38
2020
 10.55 -13.71 16.57 -7.10
2019
 18.69 -3.79 16.20 -0.81
2018
 -5.85 -8.88 -0.73 -5.89
2017
 15.52 0.00 17.14 0.00
2016
 5.01 -4.55 3.51 -3.61
2015
 -0.07 -7.19 3.91 -2.95
2014
 2.26 -2.72 9.34 -1.49
2013
 18.36 -1.78 12.57 -1.74
2012
 11.85 -6.75 7.87 -2.05
2011
 -3.28 -13.69 7.13 -3.62
2010
 9.28 -8.62 10.93 -3.48
2009
 18.73 -13.67 9.16 -9.41
2008
 -23.80 -25.97 -12.27 -15.80
2007
 7.55 -3.36 11.21 -0.82
2006
 15.13 -2.38 6.78 -1.50
2005
 7.05 -2.58 9.09 -0.93
2004
 10.80 -2.56 9.22 -2.12
2003
 24.42 -3.85 12.78 -1.27
2002
 -9.29 -13.73 0.04 -5.36
2001
 -8.37 -14.61 -1.88 -6.89
2000
 -5.34 -8.80 2.99 -3.33
1999
 21.21 -2.27 15.71 -1.69
1998
 15.71 -9.73 24.65 -4.13
1997
 12.04 -3.41 20.41 -2.69
1996
 10.01 -2.86 14.08 -1.52
1995
 17.29 -0.92 27.84 0.00
1994
 3.04 -3.64 -2.03 -5.91
1993
 15.62 -4.17 11.10 -0.87
1992
 0.36 -4.79 6.01 -2.11
1991
 17.79 -3.72 23.91 -1.79
1990
 -6.98 -12.76 5.79 -5.29
1989
 17.49 -1.63 25.29 -1.01
1988
 16.22 -2.96 7.24 -2.95
1987
 12.63 -14.68 1.86 -13.77
1986
 29.43 -4.56 18.14 -4.37
1985
 33.71 -1.51 26.30 -0.74
1984
 7.84 -4.83 8.68 -6.28
1983
 18.09 -2.37 9.91 -2.81
1982
 13.56 -8.27 30.86 -1.48
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with Lazy Portfolios and Passive Investing
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