Bill Bernstein No Brainer vs Stocks/Bonds 60/40 Momentum Portfolio Comparison

Last Update: 29 February 2024

The Bill Bernstein No Brainer Portfolio obtained a 7.48% compound annual return, with a 11.75% standard deviation, in the last 30 Years.

The Stocks/Bonds 60/40 Momentum Portfolio obtained a 9.77% compound annual return, with a 9.60% standard deviation, in the last 30 Years.

Summary

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Bill Bernstein No Brainer Portfolio Stocks/Bonds 60/40 Momentum Portfolio
Portfolio Risk High High
Asset Allocation Stocks 75% 60%
Fixed Income 25% 40%
Commodities 0% 0%
30 Years Stats Return +7.48% +9.77%
Std Dev 11.75% 9.60%
Max Drawdown -40.40% -32.52%
All time Stats
(Since Jan 1982)
Return +9.53% +11.21%
Std Dev 11.73% 9.90%
Max Drawdown -40.40% -32.52%
Last Update: 29 February 2024

Historical Returns as of Feb 29, 2024

Comparison period starts from January 1982

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1M 6M 1Y 5Y 10Y 30Y MAX
Bill Bernstein No Brainer Portfolio +2.81 +7.97 +13.50 +7.50 +6.76 +7.48 +9.53
Stocks/Bonds 60/40 Momentum Portfolio +5.60 +15.48 +20.57 +7.54 +8.28 +9.77 +11.21
Return over 1 year are annualized.

Capital Growth as of Feb 29, 2024

Bill Bernstein No Brainer Portfolio: an investment of 1$, since March 1994, now would be worth 8.71$, with a total return of 770.61% (7.48% annualized).

Stocks/Bonds 60/40 Momentum Portfolio: an investment of 1$, since March 1994, now would be worth 16.39$, with a total return of 1539.44% (9.77% annualized).

Bill Bernstein No Brainer Portfolio: an investment of 1$, since January 1982, now would be worth 46.38$, with a total return of 4537.82% (9.53% annualized).

Stocks/Bonds 60/40 Momentum Portfolio: an investment of 1$, since January 1982, now would be worth 88.14$, with a total return of 8713.62% (11.21% annualized).

Drawdowns

Drawdown comparison chart since March 1994.

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Bill Bernstein No Brainer Portfolio
Stocks/Bonds 60/40 Momentum Portfolio
Drawdown Start Bottom
Date (#Months)
Recovery
Date (#Months)
Ulcer
Index
Drawdown Start Bottom
Date (#Months)
Recovery
Date (#Months)
Ulcer
Index
-40.40% Nov 2007 Feb 2009 (16) Feb 2011 (40) 18.40
-32.52% Nov 2007 Feb 2009 (16) Feb 2011 (40) 15.23
-24.46% Apr 2000 Sep 2002 (30) Dec 2003 (45) 13.30
-24.21% Nov 2021 Sep 2022 (11) In progress (28) 16.52
-21.14% Sep 2000 Sep 2002 (25) Jan 2004 (41) 12.11
-19.76% Jan 2022 Sep 2022 (9) Feb 2024 (26) 9.75
-18.24% Jan 2020 Mar 2020 (3) Aug 2020 (8) 8.70
-16.20% May 2011 Sep 2011 (5) Sep 2012 (17) 6.47
-13.95% May 1998 Aug 1998 (4) Dec 1998 (8) 6.45
-11.92% Sep 2018 Dec 2018 (4) Oct 2019 (14) 4.83
-10.73% Feb 2020 Mar 2020 (2) Jun 2020 (5) 4.89
-9.29% Oct 2018 Dec 2018 (3) Jun 2019 (9) 4.52
-9.17% Jun 2015 Feb 2016 (9) Jul 2016 (14) 4.70
-7.14% May 2011 Sep 2011 (5) Jan 2012 (9) 2.68
-6.78% Aug 1998 Aug 1998 (1) Oct 1998 (3) 3.54
-5.20% Sep 2020 Oct 2020 (2) Nov 2020 (3) 2.87
-4.66% Jun 1996 Jul 1996 (2) Sep 1996 (4) 2.42
-4.61% Aug 2015 Sep 2015 (2) Mar 2016 (8) 2.30
-4.07% Mar 2005 Apr 2005 (2) Jul 2005 (5) 1.92
-4.06% Oct 1997 Oct 1997 (1) Feb 1998 (5) 2.29

Drawdown comparison chart since January 1982.

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Bill Bernstein No Brainer Portfolio
Stocks/Bonds 60/40 Momentum Portfolio
Drawdown Start Bottom
Date (#Months)
Recovery
Date (#Months)
Ulcer
Index
Drawdown Start Bottom
Date (#Months)
Recovery
Date (#Months)
Ulcer
Index
-40.40% Nov 2007 Feb 2009 (16) Feb 2011 (40) 18.40
-32.52% Nov 2007 Feb 2009 (16) Feb 2011 (40) 15.23
-24.46% Apr 2000 Sep 2002 (30) Dec 2003 (45) 13.30
-24.21% Nov 2021 Sep 2022 (11) In progress (28) 16.52
-21.14% Sep 2000 Sep 2002 (25) Jan 2004 (41) 12.11
-20.08% Sep 1987 Nov 1987 (3) May 1989 (21) 11.04
-19.76% Jan 2022 Sep 2022 (9) Feb 2024 (26) 9.75
-19.71% Sep 1987 Nov 1987 (3) Jan 1989 (17) 9.28
-18.24% Jan 2020 Mar 2020 (3) Aug 2020 (8) 8.70
-16.20% May 2011 Sep 2011 (5) Sep 2012 (17) 6.47
-14.76% Jan 1990 Sep 1990 (9) Feb 1991 (14) 7.56
-13.95% May 1998 Aug 1998 (4) Dec 1998 (8) 6.45
-11.92% Sep 2018 Dec 2018 (4) Oct 2019 (14) 4.83
-10.73% Feb 2020 Mar 2020 (2) Jun 2020 (5) 4.89
-9.29% Oct 2018 Dec 2018 (3) Jun 2019 (9) 4.52
-9.17% Jun 2015 Feb 2016 (9) Jul 2016 (14) 4.70
-8.02% Jan 1982 Jul 1982 (7) Aug 1982 (8) 5.11
-7.66% Aug 1990 Sep 1990 (2) Jan 1991 (6) 4.58
-7.54% Dec 1983 May 1984 (6) Aug 1984 (9) 3.90
-7.24% Jul 1983 May 1984 (11) Aug 1984 (14) 3.50

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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Year Return Drawdown Return Drawdown
2024
+1.91%
-0.87%
+9.07%
0.00%
2023
+15.77%
-8.54%
+7.66%
-5.48%
2022
-13.89%
-19.76%
-16.20%
-21.97%
2021
+15.39%
-2.73%
+7.27%
-2.88%
2020
+11.61%
-18.24%
+20.99%
-10.73%
2019
+19.82%
-5.15%
+19.89%
-0.92%
2018
-6.41%
-11.92%
-1.04%
-9.29%
2017
+15.70%
-0.29%
+23.93%
0.00%
2016
+11.03%
-4.44%
+4.01%
-3.57%
2015
-1.35%
-7.81%
+5.58%
-4.61%
2014
+3.78%
-3.16%
+11.10%
-2.40%
2013
+22.10%
-1.89%
+19.91%
-2.13%
2012
+12.91%
-6.94%
+10.22%
-3.51%
2011
-2.59%
-16.20%
+6.73%
-7.14%
2010
+14.15%
-9.69%
+13.29%
-6.43%
2009
+22.80%
-15.37%
+11.92%
-12.79%
2008
-26.26%
-28.63%
-21.83%
-24.08%
2007
+7.14%
-4.50%
+13.35%
-1.41%
2006
+15.27%
-3.41%
+8.04%
-2.23%
2005
+7.66%
-4.07%
+12.44%
-0.99%
2004
+13.66%
-3.04%
+11.72%
-2.06%
2003
+27.39%
-4.14%
+17.18%
-1.95%
2002
-10.88%
-16.92%
-4.07%
-11.25%
2001
-4.49%
-14.84%
-7.04%
-13.57%
2000
-4.63%
-10.08%
-1.21%
-6.50%
1999
+18.99%
-3.58%
+23.95%
-1.65%
1998
+12.24%
-13.95%
+32.69%
-6.78%
1997
+15.88%
-4.06%
+25.89%
-3.48%
1996
+12.52%
-4.66%
+19.33%
-2.32%
1995
+20.57%
-1.62%
+32.67%
0.00%
1994
+2.49%
-4.18%
-1.72%
-6.35%
1993
+16.21%
-3.68%
+11.81%
-0.99%
1992
+4.40%
-3.33%
+5.45%
-2.52%
1991
+24.11%
-4.26%
+28.24%
-2.57%
1990
-9.08%
-14.76%
+4.36%
-7.66%
1989
+18.78%
-2.53%
+31.11%
-1.20%
1988
+17.83%
-3.06%
+7.18%
-3.36%
1987
+8.39%
-19.71%
+2.02%
-20.08%
1986
+25.39%
-4.13%
+19.66%
-5.55%
1985
+32.35%
-2.40%
+28.33%
-1.52%
1984
+4.70%
-6.54%
+5.51%
-7.11%
1983
+21.16%
-2.72%
+12.26%
-3.09%
1982
+17.74%
-8.02%
+30.72%
-2.23%