Ben Felix Five Factor Model 80/20 Portfolio vs Vanguard Conservative 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 1^st

Currency: CAD

Inflation: Canada

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Results

30 Years
(1996/06 - 2026/05)

All Data
(1988/01 - 2026/05)

Inflation Adjusted:

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.

Vanguard Conservative Portfolio

1.00$
Invested Capital
June 1996
6.34$
Final Capital
May 2026
6.35%
Yearly Return
6.05%
Std Deviation
-15.05%
Max Drawdown
16months
Recovery Period

1.00$
Invested Capital
June 1996
3.36$
Final Capital
May 2026
4.12%
Yearly Return
6.05%
Std Deviation
-19.45%
Max Drawdown
48months
Recovery Period

1.00$
Invested Capital
January 1988
15.15$
Final Capital
May 2026
7.33%
Yearly Return
6.17%
Std Deviation
-15.05%
Max Drawdown
16months
Recovery Period

1.00$
Invested Capital
January 1988
6.27$
Final Capital
May 2026
4.90%
Yearly Return
6.17%
Std Deviation
-19.45%
Max Drawdown
48months
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 Vanguard Conservative Portfolio obtained a 6.35% compound annual return, with a 6.05% standard deviation. It suffered a maximum drawdown of -15.05% that required 16 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.

Resources & Extras

Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

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.

Vanguard Conservative Portfolio

Weight (%)	Ticker	Name
18.00	VUN.TO	Vanguard US Total Market Index
12.00	VCN.TO	Vanguard FTSE Canada All Cap Index
7.20	VIU.TO	Vanguard FTSE Developed All Cap ex North Amer Idx
2.80	VEE.TO	Vanguard FTSE Emerging Markets All Cap Index
36.00	VAB.TO	Vanguard Canadian Aggregate Bond Index
12.00	VBG.NE	Vanguard Global ex-US Aggregate Bond Index CAD-hedged
12.00	VBU.NE	Vanguard US Aggregate Bond Index CAD-hedged

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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 1^st.
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 (%)
Five Factor Model 80/20 Ben Felix	1 $	11.08 $	1 007.70%	8.35%
Vanguard Conservative Vanguard	1 $	6.34 $	533.56%	6.35%
	Jun 1996	May 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Five Factor Model 80/20 Ben Felix	1 $	5.87 $	486.82%	6.08%
Vanguard Conservative Vanguard	1 $	3.36 $	235.64%	4.12%
	Jun 1996	May 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Five Factor Model 80/20 Ben Felix	1 $	29.73 $	2 873.03%	9.23%
Vanguard Conservative Vanguard	1 $	15.15 $	1 414.63%	7.33%
	Jan 1988	May 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Five Factor Model 80/20 Ben Felix	1 $	12.32 $	1 131.68%	6.75%
Vanguard Conservative Vanguard	1 $	6.27 $	527.49%	4.90%
	Jan 1988	May 2026

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		Return (%) as of May 31, 2026
		YTD (5M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~38Y)
	Five Factor Model 80/20 Ben Felix	11.07	3.89	10.70	27.93	11.67	10.77	8.35	9.23
	Vanguard Conservative Vanguard	5.37	2.72	4.53	13.65	5.84	6.04	6.35	7.33
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	Vanguard Conservative
Author	Ben Felix	Vanguard
ASSET ALLOCATION
Stocks	80%	40%
Fixed Income	20%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	27.93	13.65
Infl. Adjusted (%)	25.12	11.14
DRAWDOWN
Deepest Drawdown Depth (%)	-3.91	-3.08
Start to Recovery (months)	2	3
Longest Drawdown Depth (%)	-0.34	-3.08
Start to Recovery (months)	2	3
Longest Negative Period (months)	2	5
RISK INDICATORS
Standard Deviation (%)	7.88	5.59
Sharpe Ratio	3.05	1.75
Sortino Ratio	3.66	2.11
Ulcer Index	1.09	0.90
Ratio: Return / Standard Deviation	3.55	2.44
Ratio: Return / Deepest Drawdown	7.15	4.43
Metrics calculated over the period 1 June 2025 - 31 May 2026

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	Five Factor Model 80/20	Vanguard Conservative
Author	Ben Felix	Vanguard
ASSET ALLOCATION
Stocks	80%	40%
Fixed Income	20%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	11.67	5.84
Infl. Adjusted (%)	7.83	2.20
DRAWDOWN
Deepest Drawdown Depth (%)	-14.87	-14.47
Start to Recovery (months)	23	27
Longest Drawdown Depth (%)	-14.87	-14.47
Start to Recovery (months)	23	27
Longest Negative Period (months)	28	32
RISK INDICATORS
Standard Deviation (%)	10.53	7.67
Sharpe Ratio	0.79	0.32
Sortino Ratio	1.06	0.43
Ulcer Index	4.55	5.68
Ratio: Return / Standard Deviation	1.11	0.76
Ratio: Return / Deepest Drawdown	0.79	0.40
Metrics calculated over the period 1 June 2021 - 31 May 2026

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	Five Factor Model 80/20	Vanguard Conservative
Author	Ben Felix	Vanguard
ASSET ALLOCATION
Stocks	80%	40%
Fixed Income	20%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	10.77	6.04
Infl. Adjusted (%)	7.87	3.26
DRAWDOWN
Deepest Drawdown Depth (%)	-16.76	-14.47
Start to Recovery (months)	7	27
Longest Drawdown Depth (%)	-14.87	-14.47
Start to Recovery (months)	23	27
Longest Negative Period (months)	35	39
RISK INDICATORS
Standard Deviation (%)	10.71	6.86
Sharpe Ratio	0.80	0.56
Sortino Ratio	1.07	0.77
Ulcer Index	4.03	4.17
Ratio: Return / Standard Deviation	1.01	0.88
Ratio: Return / Deepest Drawdown	0.64	0.42
Metrics calculated over the period 1 June 2016 - 31 May 2026

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	Five Factor Model 80/20	Vanguard Conservative
Author	Ben Felix	Vanguard
ASSET ALLOCATION
Stocks	80%	40%
Fixed Income	20%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	8.35	6.35
Infl. Adjusted (%)	6.08	4.12
DRAWDOWN
Deepest Drawdown Depth (%)	-33.91	-15.05
Start to Recovery (months)	45	16
Longest Drawdown Depth (%)	-27.26	-8.56
Start to Recovery (months)	52	38
Longest Negative Period (months)	108	45
RISK INDICATORS
Standard Deviation (%)	10.43	6.05
Sharpe Ratio	0.59	0.68
Sortino Ratio	0.77	0.91
Ulcer Index	8.26	3.52
Ratio: Return / Standard Deviation	0.80	1.05
Ratio: Return / Deepest Drawdown	0.25	0.42
Metrics calculated over the period 1 June 1996 - 31 May 2026

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	Five Factor Model 80/20	Vanguard Conservative
Author	Ben Felix	Vanguard
ASSET ALLOCATION
Stocks	80%	40%
Fixed Income	20%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	9.23	7.33
Infl. Adjusted (%)	6.75	4.90
DRAWDOWN
Deepest Drawdown Depth (%)	-33.91	-15.05
Start to Recovery (months)	45	16
Longest Drawdown Depth (%)	-27.26	-8.56
Start to Recovery (months)	52	38
Longest Negative Period (months)	108	45
RISK INDICATORS
Standard Deviation (%)	10.25	6.17
Sharpe Ratio	0.62	0.71
Sortino Ratio	0.81	0.96
Ulcer Index	7.52	3.33
Ratio: Return / Standard Deviation	0.90	1.19
Ratio: Return / Deepest Drawdown	0.27	0.49
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)

Chart Table

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Five Factor Model 80/20			Vanguard Conservative
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-33.91	45	Jun 2007 Feb 2011
-27.26	52	Sep 2000 Dec 2004
-16.76	7	Feb 2020 Aug 2020
			-15.05	16	Jun 2008 Sep 2009
-14.87	23	Jan 2022 Nov 2023
			-14.47	27	Jan 2022 Mar 2024
-14.17	9	May 1998 Jan 1999
-10.80	10	Jun 2011 Mar 2012
-9.83	8	Sep 2018 Apr 2019
			-8.56	38	Sep 2000 Oct 2003
			-8.32	5	Feb 2020 Jun 2020
-7.23	12	Aug 2015 Jul 2016
			-6.68	4	Jul 1998 Oct 1998
-5.07	5	Feb 2025 Jun 2025
-5.01	6	Apr 2012 Sep 2012

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Five Factor Model 80/20			Vanguard Conservative
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-33.91	45	Jun 2007 Feb 2011
-27.26	52	Sep 2000 Dec 2004
-16.76	7	Feb 2020 Aug 2020
-16.36	17	Jan 1990 May 1991
			-15.05	16	Jun 2008 Sep 2009
-14.87	23	Jan 2022 Nov 2023
			-14.47	27	Jan 2022 Mar 2024
-14.17	9	May 1998 Jan 1999
-10.80	10	Jun 2011 Mar 2012
-9.83	8	Sep 2018 Apr 2019
			-8.56	38	Sep 2000 Oct 2003
			-8.32	5	Feb 2020 Jun 2020
			-8.18	16	Feb 1994 May 1995
			-7.24	6	Aug 1990 Jan 1991
-7.23	12	Aug 2015 Jul 2016

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)

Rolling Period:

Five Factor Model 80/20
Vanguard Conservative

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		Vanguard Conservative
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2026	11.07	-3.91	5.37	-3.08
2025	17.85	-5.07	9.65	-2.66
2024	19.00	-2.01	11.69	-2.02
2023	14.82	-5.43	11.01	-4.00
2022	-9.38	-14.87	-11.93	-14.47
2021	16.12	-2.64	6.56	-2.31
2020	9.72	-16.76	8.93	-8.32
2019	17.88	-4.04	12.30	-1.12
2018	-4.33	-9.83	-1.02	-3.75
2017	10.78	-3.32	6.93	-2.64
2016	9.95	-3.84	5.18	-1.58
2015	6.83	-7.23	4.88	-4.29
2014	12.44	-2.09	11.14	-1.01
2013	23.13	-2.14	10.43	-1.93
2012	10.51	-5.01	7.59	-1.43
2011	-3.02	-10.80	4.01	-2.80
2010	11.27	-7.01	8.31	-2.04
2009	19.11	-10.75	13.13	-5.50
2008	-21.24	-24.44	-9.21	-12.47
2007	-2.17	-5.98	1.59	-1.20
2006	16.93	-4.97	9.52	-2.68
2005	12.22	-2.66	7.99	-1.57
2004	10.22	-3.61	7.10	-2.07
2003	17.79	-6.50	9.73	-3.35
2002	-9.50	-17.38	-1.99	-6.33
2001	-3.38	-14.86	1.14	-5.87
2000	-0.64	-11.03	3.58	-4.87
1999	19.26	-3.77	9.58	-2.62
1998	11.12	-14.17	12.33	-6.68
1997	14.79	-3.26	11.39	-2.33
1996	16.63	-4.17	12.66	-1.07
1995	15.85	-1.55	18.08	-0.39
1994	0.82	-6.72	-2.99	-8.18
1993	30.25	-1.90	22.62	-1.06
1992	8.39	-2.81	7.96	-1.99
1991	24.59	-3.99	20.93	-2.28
1990	-10.65	-16.36	-0.76	-7.24
1989	21.15	-2.66	16.39	-0.97
1988	10.90	-2.76	8.86	-2.01

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Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of May 31, 2026

Portfolio Metrics as of May 31, 2026

Drawdowns

Rolling Returns

Yearly Returns