Bill Bernstein Sheltered Sam 0/100 Portfolio vs Stocks/Bonds 20/80 Portfolio Portfolio Comparison

Simulation Settings
Period: January 1985 - June 2025 (~41 years)
Consolidated Returns as of 30 June 2025
Initial Amount: 1$
Rebalancing: at every Jan 1st
Currency: USD
Inflation: US
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Results
30 Years
(1995/07 - 2025/06)
All Data
(1985/01 - 2025/06)
Inflation Adjusted:
Bill Bernstein Sheltered Sam 0/100 Portfolio
1.00$
Invested Capital
July 1995
3.09$
Final Capital
June 2025
3.84%
Yearly Return
3.08%
Std Deviation
-8.61%
Max Drawdown
38months
Recovery Period
1.00$
Invested Capital
July 1995
1.47$
Final Capital
June 2025
1.29%
Yearly Return
3.08%
Std Deviation
-19.97%
Max Drawdown
59months*
Recovery Period
* in progress
1.00$
Invested Capital
January 1985
8.12$
Final Capital
June 2025
5.31%
Yearly Return
3.64%
Std Deviation
-8.61%
Max Drawdown
38months
Recovery Period
1.00$
Invested Capital
January 1985
2.67$
Final Capital
June 2025
2.46%
Yearly Return
3.64%
Std Deviation
-19.97%
Max Drawdown
59months*
Recovery Period
* in progress
Stocks/Bonds 20/80 Portfolio
1.00$
Invested Capital
July 1995
5.21$
Final Capital
June 2025
5.65%
Yearly Return
4.93%
Std Deviation
-16.57%
Max Drawdown
33months
Recovery Period
1.00$
Invested Capital
July 1995
2.47$
Final Capital
June 2025
3.07%
Yearly Return
4.93%
Std Deviation
-24.58%
Max Drawdown
54months*
Recovery Period
* in progress
1.00$
Invested Capital
January 1985
15.74$
Final Capital
June 2025
7.04%
Yearly Return
5.23%
Std Deviation
-16.57%
Max Drawdown
33months
Recovery Period
1.00$
Invested Capital
January 1985
5.18$
Final Capital
June 2025
4.14%
Yearly Return
5.23%
Std Deviation
-24.58%
Max Drawdown
54months*
Recovery Period
* in progress

As of June 2025, in the previous 30 Years, the Bill Bernstein Sheltered Sam 0/100 Portfolio obtained a 3.84% compound annual return, with a 3.08% standard deviation. It suffered a maximum drawdown of -8.61% that required 38 months to be recovered.

As of June 2025, in the previous 30 Years, the Stocks/Bonds 20/80 Portfolio obtained a 5.65% compound annual return, with a 4.93% standard deviation. It suffered a maximum drawdown of -16.57% 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.

Bill Bernstein Sheltered Sam 0/100 Portfolio
Weight
(%)		 Ticker Name
60.00
SHY
iShares 1-3 Year Treasury Bond
40.00
TIP
iShares TIPS Bond
Stocks/Bonds 20/80 Portfolio
Weight
(%)		 Ticker Name
20.00
VTI
Vanguard Total Stock Market
80.00
BND
Vanguard Total Bond Market
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Portfolio Returns as of Jun 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
Capital Growth
30 Years
(1995/07 - 2025/06)
All Data
(1985/01 - 2025/06)
Inflation Adjusted:
Swipe left to see all data
Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Bill Bernstein Sheltered Sam 0/100
Bill Bernstein 		1 $ 3.09 $ 209.36% 3.84%
Stocks/Bonds 20/80
 1 $ 5.21 $ 420.65% 5.65%
Jul 1995 Jun 2025

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Bill Bernstein Sheltered Sam 0/100
Bill Bernstein 		1 $ 1.47 $ 47.03% 1.29%
Stocks/Bonds 20/80
 1 $ 2.47 $ 147.45% 3.07%
Jul 1995 Jun 2025

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Bill Bernstein Sheltered Sam 0/100
Bill Bernstein 		1 $ 8.12 $ 712.38% 5.31%
Stocks/Bonds 20/80
 1 $ 15.74 $ 1 474.39% 7.04%
Jan 1985 Jun 2025

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Bill Bernstein Sheltered Sam 0/100
Bill Bernstein 		1 $ 2.67 $ 167.28% 2.46%
Stocks/Bonds 20/80
 1 $ 5.18 $ 417.98% 4.14%
Jan 1985 Jun 2025

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Return (%) as of Jun 30, 2025
YTD
(6M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~41Y)
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_bernstein.webp Sheltered Sam 0/100
Bill Bernstein 		3.52 0.73 3.52 5.62 1.18 1.85 3.84 5.31
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_us_author.webp Stocks/Bonds 20/80
-- Market Benchmark 		4.35 2.23 4.35 8.04 2.56 4.08 5.65 7.04
Returns over 1 year are annualized.
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Portfolio Metrics as of Jun 30, 2025

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

METRIC COMPARISON
Period: 1 July 2024 - 30 June 2025 (1 year)
Period: 1 July 2020 - 30 June 2025 (5 years)
Period: 1 July 2015 - 30 June 2025 (10 years)
Period: 1 July 1995 - 30 June 2025 (30 years)
Period: 1 January 1985 - 30 June 2025 (~41 years)
1 Year
5 Years
10 Years
30 Years
All (1985/01 - 2025/06)
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Sheltered Sam 0/100 Stocks/Bonds 20/80
Author Bill Bernstein
ASSET ALLOCATION
Stocks 0% 20%
Fixed Income 100% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 5.62 8.04
Infl. Adjusted (%) 3.12 5.48
DRAWDOWN
Deepest Drawdown Depth (%) -1.27 -2.07
Start to Recovery (months) 5 2
Longest Drawdown Depth (%) -1.27 -1.15
Start to Recovery (months) 5 4
Longest Negative Period (months) 4 7
RISK INDICATORS
Standard Deviation (%) 2.56 5.30
Sharpe Ratio 0.39 0.64
Sortino Ratio 0.48 0.80
Ulcer Index 0.54 0.94
Ratio: Return / Standard Deviation 2.20 1.52
Ratio: Return / Deepest Drawdown 4.42 3.88
Metrics calculated over the period 1 July 2024 - 30 June 2025
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Sheltered Sam 0/100 Stocks/Bonds 20/80
Author Bill Bernstein
ASSET ALLOCATION
Stocks 0% 20%
Fixed Income 100% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 1.18 2.56
Infl. Adjusted (%) -3.20 -1.88
DRAWDOWN
Deepest Drawdown Depth (%) -8.61 -16.57
Start to Recovery (months) 38 33
Longest Drawdown Depth (%) -8.61 -16.57
Start to Recovery (months) 38 33
Longest Negative Period (months) 47 45
RISK INDICATORS
Standard Deviation (%) 3.44 7.60
Sharpe Ratio -0.43 -0.02
Sortino Ratio -0.57 -0.02
Ulcer Index 3.94 7.33
Ratio: Return / Standard Deviation 0.34 0.34
Ratio: Return / Deepest Drawdown 0.14 0.15
Metrics calculated over the period 1 July 2020 - 30 June 2025
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Sheltered Sam 0/100 Stocks/Bonds 20/80
Author Bill Bernstein
ASSET ALLOCATION
Stocks 0% 20%
Fixed Income 100% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 1.85 4.08
Infl. Adjusted (%) -1.16 1.01
DRAWDOWN
Deepest Drawdown Depth (%) -8.61 -16.57
Start to Recovery (months) 38 33
Longest Drawdown Depth (%) -8.61 -16.57
Start to Recovery (months) 38 33
Longest Negative Period (months) 48 50
RISK INDICATORS
Standard Deviation (%) 2.77 6.12
Sharpe Ratio 0.01 0.37
Sortino Ratio 0.01 0.50
Ulcer Index 2.82 5.25
Ratio: Return / Standard Deviation 0.67 0.67
Ratio: Return / Deepest Drawdown 0.21 0.25
Metrics calculated over the period 1 July 2015 - 30 June 2025
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Sheltered Sam 0/100 Stocks/Bonds 20/80
Author Bill Bernstein
ASSET ALLOCATION
Stocks 0% 20%
Fixed Income 100% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 3.84 5.65
Infl. Adjusted (%) 1.29 3.07
DRAWDOWN
Deepest Drawdown Depth (%) -8.61 -16.57
Start to Recovery (months) 38 33
Longest Drawdown Depth (%) -3.63 -16.57
Start to Recovery (months) 38 33
Longest Negative Period (months) 49 50
RISK INDICATORS
Standard Deviation (%) 3.08 4.93
Sharpe Ratio 0.51 0.69
Sortino Ratio 0.71 0.92
Ulcer Index 1.87 3.21
Ratio: Return / Standard Deviation 1.24 1.15
Ratio: Return / Deepest Drawdown 0.45 0.34
Metrics calculated over the period 1 July 1995 - 30 June 2025
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Sheltered Sam 0/100 Stocks/Bonds 20/80
Author Bill Bernstein
ASSET ALLOCATION
Stocks 0% 20%
Fixed Income 100% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 5.31 7.04
Infl. Adjusted (%) 2.46 4.14
DRAWDOWN
Deepest Drawdown Depth (%) -8.61 -16.57
Start to Recovery (months) 38 33
Longest Drawdown Depth (%) -3.63 -16.57
Start to Recovery (months) 38 33
Longest Negative Period (months) 49 50
RISK INDICATORS
Standard Deviation (%) 3.64 5.23
Sharpe Ratio 0.59 0.74
Sortino Ratio 0.85 1.02
Ulcer Index 1.79 2.90
Ratio: Return / Standard Deviation 1.46 1.35
Ratio: Return / Deepest Drawdown 0.62 0.42
Metrics calculated over the period 1 January 1985 - 30 June 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 July 1995 - 30 June 2025 (30 years)
Period: 1 January 1985 - 30 June 2025 (~41 years)
30 Years
(1995/07 - 2025/06)

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Sheltered Sam 0/100 Stocks/Bonds 20/80
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-16.57 33 Jan 2022
Sep 2024
-8.61 38 Jan 2022
Feb 2025
-8.42 15 May 2008
Jul 2009
-3.92 3 Feb 2020
Apr 2020
-3.67 4 Sep 2008
Dec 2008
-3.63 38 May 2013
Jun 2016
-3.19 9 Feb 1996
Oct 1996
-2.67 5 Sep 2018
Jan 2019
-2.60 5 Apr 2004
Aug 2004
-2.58 6 Apr 2004
Sep 2004
-2.56 6 May 2013
Oct 2013
-2.40 9 Aug 2016
Apr 2017
-2.40 4 Jun 2003
Sep 2003
-2.23 3 Apr 2000
Jun 2000
-2.17 3 Feb 1999
Apr 1999

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Sheltered Sam 0/100 Stocks/Bonds 20/80
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-16.57 33 Jan 2022
Sep 2024
-8.61 38 Jan 2022
Feb 2025
-8.42 15 May 2008
Jul 2009
-6.14 6 Sep 1987
Feb 1988
-5.50 13 Feb 1994
Feb 1995
-5.22 14 Feb 1994
Mar 1995
-3.92 3 Feb 2020
Apr 2020
-3.71 9 Mar 1987
Nov 1987
-3.67 4 Sep 2008
Dec 2008
-3.63 38 May 2013
Jun 2016
-3.19 9 Feb 1996
Oct 1996
-3.14 3 Sep 1986
Nov 1986
-3.09 4 Aug 1990
Nov 1990
-2.99 4 Apr 1987
Jul 1987
-2.91 5 Jan 1990
May 1990

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 1985 - 30 June 2025 (~41 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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Sheltered Sam 0/100 Stocks/Bonds 20/80
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 3.52 -0.41 4.35 -1.15
2024
 3.01 -1.27 5.87 -2.83
2023
 3.69 -2.11 9.53 -5.62
2022
 -7.57 -8.61 -14.39 -16.57
2021
 1.84 -0.85 3.64 -1.82
2020
 6.16 -0.46 10.38 -3.92
2019
 5.37 -0.54 13.20 -0.07
2018
 0.31 -0.98 -1.13 -2.67
2017
 1.33 -0.45 7.10 -0.02
2016
 2.37 -1.38 4.58 -2.40
2015
 -0.44 -2.08 0.52 -1.90
2014
 1.71 -1.12 7.16 -0.89
2013
 -3.27 -3.63 5.01 -2.56
2012
 2.72 -0.71 5.82 -0.62
2011
 6.17 -0.06 6.53 -0.88
2010
 3.82 -1.48 8.44 -0.76
2009
 3.79 -1.37 8.69 -5.67
2008
 3.99 -3.67 -1.91 -8.42
2007
 9.18 -0.57 6.61 -0.76
2006
 2.45 -0.88 6.55 -1.09
2005
 1.92 -1.22 3.18 -1.84
2004
 3.71 -2.60 5.95 -2.58
2003
 4.53 -2.40 9.33 -2.13
2002
 11.46 -1.53 2.51 -2.13
2001
 7.72 -2.01 4.55 -1.99
2000
 12.36 -0.07 7.00 -2.23
1999
 -0.68 -1.98 4.16 -2.17
1998
 8.12 -0.19 11.52 -2.15
1997
 8.99 -0.99 13.75 -1.70
1996
 3.17 -3.19 7.06 -1.44
1995
 16.47 -0.04 21.70 0.00
1994
 -2.79 -5.22 -2.16 -5.50
1993
 10.08 -0.67 9.87 -1.10
1992
 7.54 -1.65 7.53 -1.25
1991
 14.34 -0.03 18.68 -1.05
1990
 9.23 -1.24 5.70 -3.09
1989
 13.20 -1.60 16.54 -0.87
1988
 6.01 -1.98 9.35 -2.17
1987
 2.77 -3.71 1.75 -6.14
1986
 13.57 -1.99 15.00 -3.14
1985
 18.72 -1.78 24.05 -1.20
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