Bogleheads Three Funds vs Stocks/Bonds 60/40 Portfolio Comparison

Last Update: 29 February 2024

The Bogleheads Three Funds Portfolio obtained a 7.78% compound annual return, with a 12.39% standard deviation, in the last 30 Years.

The Stocks/Bonds 60/40 Portfolio obtained a 8.22% compound annual return, with a 9.62% standard deviation, in the last 30 Years.

Summary

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Bogleheads Three Funds Portfolio Stocks/Bonds 60/40 Portfolio
Portfolio Risk Very High High
Asset Allocation Stocks 80% 60%
Fixed Income 20% 40%
Commodities 0% 0%
30 Years Stats Return +7.78% +8.22%
Std Dev 12.39% 9.62%
Max Drawdown -43.68% -30.55%
All time Stats
(Since Jan 1970)
Return +9.53% +9.36%
Std Dev 12.60% 10.17%
Max Drawdown -43.68% -30.55%
Last Update: 29 February 2024

Historical Returns as of Feb 29, 2024

Comparison period starts from January 1970

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1M 6M 1Y 5Y 10Y 30Y MAX
Bogleheads Three Funds Portfolio +3.34 +9.67 +18.81 +8.89 +7.67 +7.78 +9.53
Stocks/Bonds 60/40 Portfolio +2.65 +9.22 +18.40 +8.67 +7.85 +8.22 +9.36
Return over 1 year are annualized.

Capital Growth as of Feb 29, 2024

Bogleheads Three Funds Portfolio: an investment of 1$, since March 1994, now would be worth 9.46$, with a total return of 845.59% (7.78% annualized).

Stocks/Bonds 60/40 Portfolio: an investment of 1$, since March 1994, now would be worth 10.68$, with a total return of 968.39% (8.22% annualized).

Bogleheads Three Funds Portfolio: an investment of 1$, since January 1970, now would be worth 138.19$, with a total return of 13718.61% (9.53% annualized).

Stocks/Bonds 60/40 Portfolio: an investment of 1$, since January 1970, now would be worth 127.34$, with a total return of 12633.65% (9.36% annualized).

Drawdowns

Drawdown comparison chart since March 1994.

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Bogleheads Three Funds Portfolio
Stocks/Bonds 60/40 Portfolio
Drawdown Start Bottom
Date (#Months)
Recovery
Date (#Months)
Ulcer
Index
Drawdown Start Bottom
Date (#Months)
Recovery
Date (#Months)
Ulcer
Index
-43.68% Nov 2007 Feb 2009 (16) Apr 2011 (42) 20.19
-33.38% Apr 2000 Sep 2002 (30) Dec 2004 (57) 17.93
-30.55% Nov 2007 Feb 2009 (16) Oct 2010 (36) 13.38
-23.18% Jan 2022 Sep 2022 (9) Feb 2024 (26) 11.76
-21.56% Sep 2000 Sep 2002 (25) Jan 2004 (41) 11.96
-20.69% Jan 2022 Sep 2022 (9) Feb 2024 (26) 11.44
-17.01% Jan 2020 Mar 2020 (3) Jul 2020 (7) 7.68
-15.77% May 2011 Sep 2011 (5) Sep 2012 (17) 6.20
-12.46% Jul 1998 Aug 1998 (2) Nov 1998 (5) 6.66
-12.29% Feb 2020 Mar 2020 (2) Jul 2020 (6) 5.29
-10.53% Feb 2018 Dec 2018 (11) Apr 2019 (15) 4.26
-10.18% Jul 1998 Aug 1998 (2) Nov 1998 (5) 4.93
-9.88% Jun 2015 Feb 2016 (9) Jul 2016 (14) 5.19
-9.00% May 2011 Sep 2011 (5) Jan 2012 (9) 3.76
-8.38% Sep 2018 Dec 2018 (4) Mar 2019 (7) 3.89
-5.35% Apr 2000 May 2000 (2) Aug 2000 (5) 2.94
-5.24% Jun 2015 Sep 2015 (4) Apr 2016 (11) 2.81
-4.68% May 2019 May 2019 (1) Jun 2019 (2) 2.70
-4.61% Aug 1997 Aug 1997 (1) Sep 1997 (2) 2.66
-4.50% Mar 1994 Jun 1994 (4) Aug 1994 (6) 2.85

Drawdown comparison chart since January 1970.

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Bogleheads Three Funds Portfolio
Stocks/Bonds 60/40 Portfolio
Drawdown Start Bottom
Date (#Months)
Recovery
Date (#Months)
Ulcer
Index
Drawdown Start Bottom
Date (#Months)
Recovery
Date (#Months)
Ulcer
Index
-43.68% Nov 2007 Feb 2009 (16) Apr 2011 (42) 20.19
-34.07% Jan 1973 Sep 1974 (21) Jan 1976 (37) 15.02
-33.38% Apr 2000 Sep 2002 (30) Dec 2004 (57) 17.93
-30.55% Nov 2007 Feb 2009 (16) Oct 2010 (36) 13.38
-27.28% Jan 1973 Sep 1974 (21) Jan 1976 (37) 11.90
-23.18% Jan 2022 Sep 2022 (9) Feb 2024 (26) 11.76
-21.56% Sep 2000 Sep 2002 (25) Jan 2004 (41) 11.96
-20.69% Jan 2022 Sep 2022 (9) Feb 2024 (26) 11.44
-19.21% Sep 1987 Nov 1987 (3) Jan 1989 (17) 8.97
-19.17% Sep 1987 Nov 1987 (3) Jan 1989 (17) 9.40
-17.24% Jan 1970 Jun 1970 (6) Dec 1970 (12) 8.65
-17.01% Jan 2020 Mar 2020 (3) Jul 2020 (7) 7.68
-15.77% May 2011 Sep 2011 (5) Sep 2012 (17) 6.20
-15.31% Jan 1990 Sep 1990 (9) Feb 1991 (14) 7.86
-14.03% Dec 1980 Jul 1982 (20) Oct 1982 (23) 6.99
-12.46% Jul 1998 Aug 1998 (2) Nov 1998 (5) 6.66
-12.29% Feb 2020 Mar 2020 (2) Jul 2020 (6) 5.29
-11.52% Mar 1970 Jun 1970 (4) Nov 1970 (9) 5.99
-10.53% Feb 2018 Dec 2018 (11) Apr 2019 (15) 4.26
-10.43% Feb 1980 Mar 1980 (2) Jun 1980 (5) 4.80

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
+3.37%
0.00%
+3.27%
0.00%
2023
+18.86%
-8.74%
+17.79%
-7.47%
2022
-17.06%
-23.18%
-16.95%
-20.69%
2021
+14.95%
-3.53%
+14.66%
-3.24%
2020
+15.39%
-17.01%
+15.70%
-12.29%
2019
+23.65%
-4.68%
+21.94%
-3.41%
2018
-6.89%
-10.53%
-3.17%
-8.38%
2017
+19.54%
0.00%
+14.15%
0.00%
2016
+8.39%
-4.82%
+8.71%
-2.95%
2015
-1.14%
-8.74%
+0.44%
-5.24%
2014
+6.07%
-3.01%
+9.85%
-1.50%
2013
+20.56%
-2.36%
+19.23%
-2.27%
2012
+14.53%
-7.09%
+11.13%
-3.54%
2011
-2.14%
-15.77%
+3.75%
-9.00%
2010
+13.50%
-9.82%
+12.93%
-7.13%
2009
+26.45%
-15.70%
+18.79%
-11.70%
2008
-30.15%
-33.07%
-19.44%
-22.19%
2007
+8.73%
-4.35%
+5.99%
-3.07%
2006
+16.69%
-3.08%
+11.12%
-2.03%
2005
+8.30%
-3.34%
+4.74%
-2.34%
2004
+13.49%
-2.83%
+9.37%
-2.68%
2003
+28.27%
-3.88%
+20.04%
-1.99%
2002
-13.11%
-18.90%
-8.98%
-13.74%
2001
-9.84%
-18.61%
-3.21%
-11.68%
2000
-7.69%
-11.84%
-1.79%
-8.27%
1999
+20.73%
-2.88%
+13.98%
-3.76%
1998
+18.03%
-12.46%
+17.39%
-10.18%
1997
+17.15%
-4.61%
+22.37%
-3.12%
1996
+12.60%
-3.77%
+14.01%
-3.33%
1995
+22.72%
-1.03%
+28.74%
-0.20%
1994
+2.31%
-4.84%
-1.16%
-6.47%
1993
+16.23%
-4.16%
+10.25%
-1.36%
1992
+1.54%
-4.66%
+8.32%
-1.65%
1991
+22.09%
-4.27%
+25.53%
-2.86%
1990
-8.74%
-15.31%
-0.19%
-8.52%
1989
+20.64%
-2.08%
+22.33%
-1.36%
1988
+17.83%
-3.20%
+13.33%
-2.24%
1987
+10.76%
-19.21%
+2.18%
-19.17%
1986
+29.32%
-4.89%
+14.79%
-5.58%
1985
+35.27%
-2.34%
+27.66%
-2.15%
1984
+4.95%
-7.57%
+7.32%
-6.58%
1983
+19.49%
-2.98%
+15.69%
-2.85%
1982
+16.05%
-10.52%
+24.75%
-4.29%
1981
-1.38%
-10.40%
+1.27%
-8.82%
1980
+24.15%
-10.43%
+21.05%
-9.57%
1979
+15.99%
-7.03%
+16.69%
-6.65%
1978
+13.84%
-7.76%
+5.53%
-7.92%
1977
+3.33%
-3.91%
-1.60%
-4.89%
1976
+16.66%
-2.66%
+21.38%
-1.34%
1975
+29.64%
-10.48%
+25.64%
-8.13%
1974
-18.66%
-25.61%
-14.41%
-20.38%
1973
-11.64%
-12.71%
-9.12%
-9.87%
1972
+21.03%
-1.21%
+11.66%
-1.45%
1971
+20.20%
-5.15%
+14.37%
-5.73%
1970
+1.50%
-17.24%
+9.77%
-11.52%