Ben Felix Five Factor Model 80/20 Portfolio vs Gold To CAD Portfolio Portfolio Comparison

Simulation Settings
Period: January 1988 - May 2026 (~38 years)
Consolidated Returns as of 31 May 2026
Initial Amount: 1$
Rebalancing: at every Jan 1st
Currency: CAD
Inflation: Canada
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The minimum date range must be at least 12 months. 'Date To' cannot be beyond May 2026.
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Results
30 Years
(1996/06 - 2026/05)
All Data
(1988/01 - 2026/05)
Inflation Adjusted:
Ben Felix Ben Felix Five Factor Model 80/20 Portfolio
1.00$
Invested Capital
June 1996
11.08$
Final Capital
May 2026
8.35%
Yearly Return
10.43%
Std Deviation
-33.91%
Max Drawdown
45months
Recovery Period
1.00$
Invested Capital
June 1996
5.87$
Final Capital
May 2026
6.08%
Yearly Return
10.43%
Std Deviation
-35.70%
Max Drawdown
73months
Recovery Period
1.00$
Invested Capital
January 1988
29.73$
Final Capital
May 2026
9.23%
Yearly Return
10.25%
Std Deviation
-33.91%
Max Drawdown
45months
Recovery Period
1.00$
Invested Capital
January 1988
12.32$
Final Capital
May 2026
6.75%
Yearly Return
10.25%
Std Deviation
-35.70%
Max Drawdown
73months
Recovery Period
This portfolio includes ETFs not denominated in CAD. Returns are calculated using exchange rates or, if applicable, interest rate differentials for currency hedging.
Gold To CAD Portfolio
1.00$
Invested Capital
June 1996
10.70$
Final Capital
May 2026
8.22%
Yearly Return
15.33%
Std Deviation
-29.03%
Max Drawdown
94months
Recovery Period
1.00$
Invested Capital
June 1996
5.67$
Final Capital
May 2026
5.95%
Yearly Return
15.33%
Std Deviation
-32.16%
Max Drawdown
118months
Recovery Period
1.00$
Invested Capital
January 1988
9.10$
Final Capital
May 2026
5.92%
Yearly Return
14.78%
Std Deviation
-39.52%
Max Drawdown
217months
Recovery Period
1.00$
Invested Capital
January 1988
3.77$
Final Capital
May 2026
3.51%
Yearly Return
14.78%
Std Deviation
-54.88%
Max Drawdown
252months
Recovery Period

As of May 2026, in the previous 30 Years, the Ben Felix Five Factor Model 80/20 Portfolio obtained a 8.35% compound annual return, with a 10.43% standard deviation. It suffered a maximum drawdown of -33.91% that required 45 months to be recovered.

As of May 2026, in the previous 30 Years, the Gold To CAD Portfolio obtained a 8.22% compound annual return, with a 15.33% standard deviation. It suffered a maximum drawdown of -29.03% that required 94 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.

Ben Felix
Ben Felix Five Factor Model 80/20 Portfolio
Weight
(%)		 Ticker Name
24.00
VUN.TO
Vanguard US Total Market Index
24.00
XIC.TO
iShares Core S&P/TSX Capped Composite Index
12.80
XEF.TO
iShares Core MSCI EAFE IMI Index
8.00
AVUV
Avantis US Small Cap Value ETF
6.40
XEC.TO
iShares Core MSCI Emerging Markets IMI Index
4.80
AVDV
Avantis International Small Cap Value ETF
20.00
ZAG.TO
BMO Aggregate Bond Index
• Not denominated in CAD.
Gold To CAD Portfolio
Weight
(%)		 Ticker Name
100.00
ZGLD.TO
BMO Gold Bullion ETF CAD Units
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Portfolio Returns as of May 31, 2026

Returns are calculated in CAD, assuming:
  • no fees or capital gain taxes.
  • rebalancing: at every Jan 1st.
  • dividend reinvestment, when applicable.
Return Comparison
Capital Growth
30 Years
(1996/06 - 2026/05)
All Data
(1988/01 - 2026/05)
Inflation Adjusted:
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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Ben Felix Five Factor Model 80/20
Ben Felix 		1 $ 11.08 $ 1 007.70% 8.35%
Gold To CAD
 1 $ 10.70 $ 970.02% 8.22%
Jun 1996 May 2026

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Ben Felix Five Factor Model 80/20
Ben Felix 		1 $ 5.87 $ 486.82% 6.08%
Gold To CAD
 1 $ 5.67 $ 466.86% 5.95%
Jun 1996 May 2026

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Ben Felix Five Factor Model 80/20
Ben Felix 		1 $ 29.73 $ 2 873.03% 9.23%
Gold To CAD
 1 $ 9.10 $ 809.99% 5.92%
Jan 1988 May 2026

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Ben Felix Five Factor Model 80/20
Ben Felix 		1 $ 12.32 $ 1 131.68% 6.75%
Gold To CAD
 1 $ 3.77 $ 276.99% 3.51%
Jan 1988 May 2026

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Return (%) as of May 31, 2026
YTD
(5M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~38Y)
https://www.lazyportfolioetf.com/wp-content/lzp-assets/img/author/avatar_ben_felix.webp Five Factor Model 80/20
Ben Felix 		11.07 3.89 10.70 27.93 11.67 10.77 8.35 9.23
https://www.lazyportfolioetf.com/wp-content/lzp-assets/img/author/avatar_gold.webp Gold
-- Market Benchmark 		5.88 -0.07 7.24 38.18 21.73 14.24 8.22 5.92
Returns over 1 year are annualized.
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Portfolio Metrics as of May 31, 2026

The following metrics, updated as of 31 May 2026, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON
Period: 1 June 2025 - 31 May 2026 (1 year)
Period: 1 June 2021 - 31 May 2026 (5 years)
Period: 1 June 2016 - 31 May 2026 (10 years)
Period: 1 June 1996 - 31 May 2026 (30 years)
Period: 1 January 1988 - 31 May 2026 (~38 years)
1 Year
5 Years
10 Years
30 Years
All (1988/01 - 2026/05)
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Five Factor Model 80/20 Gold To CAD
Author Ben Felix
ASSET ALLOCATION
Stocks 80% 0%
Fixed Income 20% 0%
Commodities 0% 100%
PERFORMANCES
Annualized Return (%) 27.93 38.18
Infl. Adjusted (%) 25.12 35.14
DRAWDOWN
Deepest Drawdown Depth (%) -3.91 -12.80
Start to Recovery (months) 2 3*
Longest Drawdown Depth (%) -0.34 -12.80
Start to Recovery (months) 2 3*
Longest Negative Period (months) 2 4*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 7.88 21.02
Sharpe Ratio 3.05 1.63
Sortino Ratio 3.66 2.32
Ulcer Index 1.09 5.62
Ratio: Return / Standard Deviation 3.55 1.82
Ratio: Return / Deepest Drawdown 7.15 2.98
Metrics calculated over the period 1 June 2025 - 31 May 2026
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Five Factor Model 80/20 Gold To CAD
Author Ben Felix
ASSET ALLOCATION
Stocks 80% 0%
Fixed Income 20% 0%
Commodities 0% 100%
PERFORMANCES
Annualized Return (%) 11.67 21.73
Infl. Adjusted (%) 7.83 17.54
DRAWDOWN
Deepest Drawdown Depth (%) -14.87 -12.80
Start to Recovery (months) 23 3*
Longest Drawdown Depth (%) -14.87 -9.02
Start to Recovery (months) 23 8
Longest Negative Period (months) 28 17
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 10.53 15.10
Sharpe Ratio 0.79 1.21
Sortino Ratio 1.06 1.84
Ulcer Index 4.55 3.82
Ratio: Return / Standard Deviation 1.11 1.44
Ratio: Return / Deepest Drawdown 0.79 1.70
Metrics calculated over the period 1 June 2021 - 31 May 2026
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Five Factor Model 80/20 Gold To CAD
Author Ben Felix
ASSET ALLOCATION
Stocks 80% 0%
Fixed Income 20% 0%
Commodities 0% 100%
PERFORMANCES
Annualized Return (%) 10.77 14.24
Infl. Adjusted (%) 7.87 11.24
DRAWDOWN
Deepest Drawdown Depth (%) -16.76 -19.23
Start to Recovery (months) 7 33
Longest Drawdown Depth (%) -14.87 -13.41
Start to Recovery (months) 23 35
Longest Negative Period (months) 35 38
RISK INDICATORS
Standard Deviation (%) 10.71 14.33
Sharpe Ratio 0.80 0.84
Sortino Ratio 1.07 1.26
Ulcer Index 4.03 7.94
Ratio: Return / Standard Deviation 1.01 0.99
Ratio: Return / Deepest Drawdown 0.64 0.74
Metrics calculated over the period 1 June 2016 - 31 May 2026
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Five Factor Model 80/20 Gold To CAD
Author Ben Felix
ASSET ALLOCATION
Stocks 80% 0%
Fixed Income 20% 0%
Commodities 0% 100%
PERFORMANCES
Annualized Return (%) 8.35 8.22
Infl. Adjusted (%) 6.08 5.95
DRAWDOWN
Deepest Drawdown Depth (%) -33.91 -29.03
Start to Recovery (months) 45 94
Longest Drawdown Depth (%) -27.26 -29.03
Start to Recovery (months) 52 94
Longest Negative Period (months) 108 111
RISK INDICATORS
Standard Deviation (%) 10.43 15.33
Sharpe Ratio 0.59 0.39
Sortino Ratio 0.77 0.60
Ulcer Index 8.26 12.53
Ratio: Return / Standard Deviation 0.80 0.54
Ratio: Return / Deepest Drawdown 0.25 0.28
Metrics calculated over the period 1 June 1996 - 31 May 2026
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Five Factor Model 80/20 Gold To CAD
Author Ben Felix
ASSET ALLOCATION
Stocks 80% 0%
Fixed Income 20% 0%
Commodities 0% 100%
PERFORMANCES
Annualized Return (%) 9.23 5.92
Infl. Adjusted (%) 6.75 3.51
DRAWDOWN
Deepest Drawdown Depth (%) -33.91 -39.52
Start to Recovery (months) 45 217
Longest Drawdown Depth (%) -27.26 -39.52
Start to Recovery (months) 52 217
Longest Negative Period (months) 108 216
RISK INDICATORS
Standard Deviation (%) 10.25 14.78
Sharpe Ratio 0.62 0.20
Sortino Ratio 0.81 0.31
Ulcer Index 7.52 19.49
Ratio: Return / Standard Deviation 0.90 0.40
Ratio: Return / Deepest Drawdown 0.27 0.15
Metrics calculated over the period 1 January 1988 - 31 May 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 June 1996 - 31 May 2026 (30 years)
Period: 1 January 1988 - 31 May 2026 (~38 years)
30 Years
(1996/06 - 2026/05)

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Five Factor Model 80/20 Gold To CAD
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-33.91 45 Jun 2007
Feb 2011
-29.03 94 Sep 2011
Jun 2019
-28.88 79 Jun 1996
Dec 2002
-27.26 52 Sep 2000
Dec 2004
-19.23 33 Aug 2020
Apr 2023
-16.76 7 Feb 2020
Aug 2020
-16.64 34 Feb 2003
Nov 2005
-14.87 23 Jan 2022
Nov 2023
-14.68 9 Mar 2009
Nov 2009
-14.17 9 May 1998
Jan 1999
-12.80 3* Mar 2026
In progress
-11.90 10 Mar 2007
Dec 2007
-10.80 10 Jun 2011
Mar 2012
-9.83 8 Sep 2018
Apr 2019
-9.39 6 Dec 2009
May 2010

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Five Factor Model 80/20 Gold To CAD
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-39.52 217 Jan 1988
Jan 2006
-33.91 45 Jun 2007
Feb 2011
-29.03 94 Sep 2011
Jun 2019
-27.26 52 Sep 2000
Dec 2004
-19.23 33 Aug 2020
Apr 2023
-16.76 7 Feb 2020
Aug 2020
-16.36 17 Jan 1990
May 1991
-14.87 23 Jan 2022
Nov 2023
-14.68 9 Mar 2009
Nov 2009
-14.17 9 May 1998
Jan 1999
-12.80 3* Mar 2026
In progress
-11.90 10 Mar 2007
Dec 2007
-10.80 10 Jun 2011
Mar 2012
-9.83 8 Sep 2018
Apr 2019
-9.39 6 Dec 2009
May 2010

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 1988 - 31 May 2026 (~38 years)


Head To Head (Ptf 1 vs Ptf 2):
Canada 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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Five Factor Model 80/20 Gold To CAD
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2026
 11.07 -3.91 5.88 -12.80
2025
 17.85 -5.07 55.82 -0.94
2024
 19.00 -2.01 38.13 -1.77
2023
 14.82 -5.43 9.81 -7.04
2022
 -9.38 -14.87 6.41 -9.02
2021
 16.12 -2.64 -4.87 -11.53
2020
 9.72 -16.76 22.35 -12.88
2019
 17.88 -4.04 12.23 -4.35
2018
 -4.33 -9.83 6.32 -10.27
2017
 10.78 -3.32 5.64 -8.61
2016
 9.95 -3.84 4.84 -12.40
2015
 6.83 -7.23 6.41 -13.34
2014
 12.44 -2.09 7.00 -10.12
2013
 23.13 -2.14 -23.28 -23.28
2012
 10.51 -5.01 3.75 -7.72
2011
 -3.02 -10.80 12.02 -10.84
2010
 11.27 -7.01 22.51 -8.20
2009
 19.11 -10.75 7.23 -14.68
2008
 -21.24 -24.44 28.09 -8.65
2007
 -2.17 -5.98 11.57 -11.90
2006
 16.93 -4.97 22.85 -8.54
2005
 12.22 -2.66 13.81 -5.50
2004
 10.22 -3.61 -2.94 -6.60
2003
 17.79 -6.50 -1.14 -16.64
2002
 -9.50 -17.38 24.05 -3.86
2001
 -3.38 -14.86 7.01 -6.37
2000
 -0.64 -11.03 -1.99 -5.74
1999
 19.26 -3.77 -4.72 -13.69
1998
 11.12 -14.17 6.18 -4.49
1997
 14.79 -3.26 -18.04 -18.04
1996
 16.63 -4.17 -4.13 -9.91
1995
 15.85 -1.55 -1.73 -6.43
1994
 0.82 -6.72 3.77 -3.52
1993
 30.25 -1.90 22.35 -8.15
1992
 8.39 -2.81 3.70 -4.11
1991
 24.59 -3.99 -8.89 -11.45
1990
 -10.65 -16.36 -2.99 -16.86
1989
 21.15 -2.66 -5.54 -13.25
1988
 10.90 -2.76 -22.24 -23.25
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A practical guide to build wealth with Lazy Portfolios and passive investing
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