David Swensen Yale Endowment Portfolio vs Aim Ways Gold Pivot Ptf Portfolio Portfolio Comparison

Simulation Settings

Period: January 1985 - April 2026 (~41 years)
Consolidated Returns as of 30 April 2026

Initial Amount: 1$

Rebalancing: at every Jan 1^st

Currency: USD

Inflation: US

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Results

30 Years
(1996/05 - 2026/04)

All Data
(1985/01 - 2026/04)

Inflation Adjusted:

David Swensen Yale Endowment Portfolio

1.00$
Invested Capital
May 1996
10.57$
Final Capital
April 2026
8.18%
Yearly Return
10.96%
Std Deviation
-40.68%
Max Drawdown
38months
Recovery Period

1.00$
Invested Capital
May 1996
4.96$
Final Capital
April 2026
5.48%
Yearly Return
10.96%
Std Deviation
-41.66%
Max Drawdown
42months
Recovery Period

1.00$
Invested Capital
January 1985
45.31$
Final Capital
April 2026
9.67%
Yearly Return
10.68%
Std Deviation
-40.68%
Max Drawdown
38months
Recovery Period

1.00$
Invested Capital
January 1985
14.38$
Final Capital
April 2026
6.66%
Yearly Return
10.68%
Std Deviation
-41.66%
Max Drawdown
42months
Recovery Period

Aim Ways Gold Pivot Ptf Portfolio

1.00$
Invested Capital
May 1996
12.07$
Final Capital
April 2026
8.66%
Yearly Return
8.41%
Std Deviation
-19.49%
Max Drawdown
18months
Recovery Period

1.00$
Invested Capital
May 1996
5.67$
Final Capital
April 2026
5.95%
Yearly Return
8.41%
Std Deviation
-22.26%
Max Drawdown
43months
Recovery Period

1.00$
Invested Capital
January 1985
35.66$
Final Capital
April 2026
9.03%
Yearly Return
7.84%
Std Deviation
-19.49%
Max Drawdown
18months
Recovery Period

1.00$
Invested Capital
January 1985
11.32$
Final Capital
April 2026
6.05%
Yearly Return
7.84%
Std Deviation
-22.26%
Max Drawdown
43months
Recovery Period

As of April 2026, in the previous 30 Years, the David Swensen Yale Endowment Portfolio obtained a 8.18% compound annual return, with a 10.96% standard deviation. It suffered a maximum drawdown of -40.68% that required 38 months to be recovered.

As of April 2026, in the previous 30 Years, the Aim Ways Gold Pivot Ptf Portfolio obtained a 8.66% compound annual return, with a 8.41% standard deviation. It suffered a maximum drawdown of -19.49% that required 18 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.

David Swensen Yale Endowment Portfolio

Weight (%)	Ticker	Name
30.00	VTI	Vanguard Total Stock Market
20.00	VNQ	Vanguard Real Estate
15.00	VEA	Vanguard FTSE Developed Markets
5.00	EEM	iShares MSCI Emerging Markets
15.00	IEI	iShares 3-7 Year Treasury Bond
15.00	TIP	iShares TIPS Bond

Aim Ways Gold Pivot Ptf Portfolio

Weight (%)	Ticker	Name
16.00	QQQ	Invesco QQQ Trust
6.00	USMV	iShares Edge MSCI Min Vol USA
31.00	BNDX	Vanguard Total International Bond
13.00	HYG	iShares iBoxx $ High Yield Corporate Bond
34.00	GLD	SPDR Gold Trust

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Portfolio Returns as of Apr 30, 2026

Returns are calculated in USD, assuming:

no fees or capital gain taxes.
rebalancing: at every Jan 1^st.
dividend reinvestment, when applicable.

Return Comparison

Capital Growth

30 Years
(1996/05 - 2026/04)

All Data
(1985/01 - 2026/04)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Yale Endowment David Swensen	1 $	10.57 $	956.69%	8.18%
Gold Pivot Ptf Aim Ways	1 $	12.07 $	1 107.20%	8.66%
	May 1996	Apr 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Yale Endowment David Swensen	1 $	4.96 $	396.10%	5.48%
Gold Pivot Ptf Aim Ways	1 $	5.67 $	466.76%	5.95%
	May 1996	Apr 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Yale Endowment David Swensen	1 $	45.31 $	4 430.78%	9.67%
Gold Pivot Ptf Aim Ways	1 $	35.66 $	3 466.06%	9.03%
	Jan 1985	Apr 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Yale Endowment David Swensen	1 $	14.38 $	1 337.62%	6.66%
Gold Pivot Ptf Aim Ways	1 $	11.32 $	1 031.52%	6.05%
	Jan 1985	Apr 2026

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		Return (%) as of Apr 30, 2026
		YTD (4M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~41Y)
	Yale Endowment David Swensen	6.41	6.71	7.32	20.30	6.50	8.32	8.18	9.67
	Gold Pivot Ptf Aim Ways	4.00	2.14	6.99	22.13	11.15	10.07	8.66	9.03
Returns over 1 year are annualized.

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Portfolio Metrics as of Apr 30, 2026

The following metrics, updated as of 30 April 2026, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON

Period: 1 May 2025 - 30 April 2026 (1 year)

Period: 1 May 2021 - 30 April 2026 (5 years)

Period: 1 May 2016 - 30 April 2026 (10 years)

Period: 1 May 1996 - 30 April 2026 (30 years)

Period: 1 January 1985 - 30 April 2026 (~41 years)

1 Year

5 Years

10 Years

30 Years

All (1985/01 - 2026/04)

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	Yale Endowment	Gold Pivot Ptf
Author	David Swensen	Aim Ways
ASSET ALLOCATION
Stocks	70%	22%
Fixed Income	30%	44%
Commodities	0%	34%
PERFORMANCES
Annualized Return (%)	20.30	22.13
Infl. Adjusted (%)	15.93	17.69
DRAWDOWN
Deepest Drawdown Depth (%)	-5.05	-5.96
Start to Recovery (months)	2	2*
Longest Drawdown Depth (%)	-5.05	-5.96
Start to Recovery (months)	2	2*
Longest Negative Period (months)	4	3*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%)	9.00	9.59
Sharpe Ratio	1.82	1.90
Sortino Ratio	2.34	2.29
Ulcer Index	1.40	1.98
Ratio: Return / Standard Deviation	2.25	2.31
Ratio: Return / Deepest Drawdown	4.02	3.71
Metrics calculated over the period 1 May 2025 - 30 April 2026

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	Yale Endowment	Gold Pivot Ptf
Author	David Swensen	Aim Ways
ASSET ALLOCATION
Stocks	70%	22%
Fixed Income	30%	44%
Commodities	0%	34%
PERFORMANCES
Annualized Return (%)	6.50	11.15
Infl. Adjusted (%)	1.91	6.36
DRAWDOWN
Deepest Drawdown Depth (%)	-22.63	-15.46
Start to Recovery (months)	31	23
Longest Drawdown Depth (%)	-22.63	-15.46
Start to Recovery (months)	31	23
Longest Negative Period (months)	34	29
RISK INDICATORS
Standard Deviation (%)	12.11	8.93
Sharpe Ratio	0.26	0.87
Sortino Ratio	0.35	1.14
Ulcer Index	8.67	4.84
Ratio: Return / Standard Deviation	0.54	1.25
Ratio: Return / Deepest Drawdown	0.29	0.72
Metrics calculated over the period 1 May 2021 - 30 April 2026

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	Yale Endowment	Gold Pivot Ptf
Author	David Swensen	Aim Ways
ASSET ALLOCATION
Stocks	70%	22%
Fixed Income	30%	44%
Commodities	0%	34%
PERFORMANCES
Annualized Return (%)	8.32	10.07
Infl. Adjusted (%)	4.80	6.49
DRAWDOWN
Deepest Drawdown Depth (%)	-22.63	-15.46
Start to Recovery (months)	31	23
Longest Drawdown Depth (%)	-22.63	-15.46
Start to Recovery (months)	31	23
Longest Negative Period (months)	34	33
RISK INDICATORS
Standard Deviation (%)	11.08	8.19
Sharpe Ratio	0.56	0.97
Sortino Ratio	0.73	1.33
Ulcer Index	6.53	3.68
Ratio: Return / Standard Deviation	0.75	1.23
Ratio: Return / Deepest Drawdown	0.37	0.65
Metrics calculated over the period 1 May 2016 - 30 April 2026

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	Yale Endowment	Gold Pivot Ptf
Author	David Swensen	Aim Ways
ASSET ALLOCATION
Stocks	70%	22%
Fixed Income	30%	44%
Commodities	0%	34%
PERFORMANCES
Annualized Return (%)	8.18	8.66
Infl. Adjusted (%)	5.48	5.95
DRAWDOWN
Deepest Drawdown Depth (%)	-40.68	-19.49
Start to Recovery (months)	38	18
Longest Drawdown Depth (%)	-40.68	-12.99
Start to Recovery (months)	38	39
Longest Negative Period (months)	62	39
RISK INDICATORS
Standard Deviation (%)	10.96	8.41
Sharpe Ratio	0.54	0.76
Sortino Ratio	0.70	1.06
Ulcer Index	7.44	4.23
Ratio: Return / Standard Deviation	0.75	1.03
Ratio: Return / Deepest Drawdown	0.20	0.44
Metrics calculated over the period 1 May 1996 - 30 April 2026

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	Yale Endowment	Gold Pivot Ptf
Author	David Swensen	Aim Ways
ASSET ALLOCATION
Stocks	70%	22%
Fixed Income	30%	44%
Commodities	0%	34%
PERFORMANCES
Annualized Return (%)	9.67	9.03
Infl. Adjusted (%)	6.66	6.05
DRAWDOWN
Deepest Drawdown Depth (%)	-40.68	-19.49
Start to Recovery (months)	38	18
Longest Drawdown Depth (%)	-40.68	-12.99
Start to Recovery (months)	38	39
Longest Negative Period (months)	62	39
RISK INDICATORS
Standard Deviation (%)	10.68	7.84
Sharpe Ratio	0.61	0.75
Sortino Ratio	0.79	1.03
Ulcer Index	6.65	3.76
Ratio: Return / Standard Deviation	0.91	1.15
Ratio: Return / Deepest Drawdown	0.24	0.46
Metrics calculated over the period 1 January 1985 - 30 April 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 May 1996 - 30 April 2026 (30 years)

Period: 1 January 1985 - 30 April 2026 (~41 years)

30 Years
(1996/05 - 2026/04)

Chart Table

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Yale Endowment			Gold Pivot Ptf
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-40.68	38	Nov 2007 Dec 2010
-22.63	31	Jan 2022 Jul 2024
			-19.49	18	Mar 2008 Aug 2009
			-15.46	23	Jan 2022 Nov 2023
-14.79	7	Feb 2020 Aug 2020
			-12.99	39	Mar 2000 May 2003
-12.17	10	May 2011 Feb 2012
-10.97	9	Apr 1998 Dec 1998
-10.82	33	Sep 2000 May 2003
			-9.18	17	Oct 2012 Feb 2014
-8.41	7	Sep 2018 Mar 2019
-6.50	15	Mar 2015 May 2016
			-6.06	5	May 1998 Sep 1998
			-5.96	2*	Mar 2026 In progress
-5.84	6	Apr 2004 Sep 2004

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Yale Endowment			Gold Pivot Ptf
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-40.68	38	Nov 2007 Dec 2010
-22.63	31	Jan 2022 Jul 2024
			-19.49	18	Mar 2008 Aug 2009
-16.20	16	Sep 1987 Dec 1988
			-15.46	23	Jan 2022 Nov 2023
-14.79	7	Feb 2020 Aug 2020
			-12.99	39	Mar 2000 May 2003
-12.63	14	Jan 1990 Feb 1991
-12.17	10	May 2011 Feb 2012
-10.97	9	Apr 1998 Dec 1998
-10.82	33	Sep 2000 May 2003
			-9.18	17	Oct 2012 Feb 2014
-8.41	7	Sep 2018 Mar 2019
-8.21	16	Feb 1994 May 1995
			-7.14	15	Dec 1989 Feb 1991

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 April 2026 (~41 years)

Rolling Period:

Yale Endowment
Gold Pivot Ptf

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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	Yale Endowment		Gold Pivot Ptf
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2026	6.41	-5.05	4.00	-5.96
2025	14.81	-2.00	27.44	0.00
2024	9.42	-3.92	16.24	-1.11
2023	14.45	-8.62	17.87	-4.11
2022	-17.82	-22.63	-11.42	-15.46
2021	17.84	-3.58	4.01	-4.11
2020	10.35	-14.79	18.54	-5.61
2019	21.39	-2.68	18.24	-1.03
2018	-5.76	-8.41	0.01	-2.56
2017	13.79	0.00	12.25	-1.32
2016	7.40	-3.21	7.68	-5.47
2015	-0.29	-6.50	-2.07	-5.55
2014	9.76	-3.40	6.26	-2.55
2013	12.04	-4.27	-1.77	-8.02
2012	13.44	-4.70	10.26	-3.78
2011	2.46	-12.17	8.11	-5.71
2010	14.85	-7.93	18.24	-1.29
2009	23.34	-16.98	26.47	-2.40
2008	-25.11	-30.37	-9.56	-19.49
2007	4.93	-4.58	15.46	-1.98
2006	17.78	-2.66	11.68	-3.60
2005	8.67	-2.69	8.58	-2.17
2004	16.01	-5.84	7.13	-3.73
2003	26.59	-1.98	19.35	-2.07
2002	-3.49	-9.34	4.89	-6.10
2001	-1.98	-9.29	-1.82	-7.75
2000	3.33	-5.76	-4.73	-8.07
1999	13.91	-2.69	17.47	-3.69
1998	8.26	-10.97	20.77	-6.06
1997	15.25	-3.44	-2.12	-5.62
1996	15.04	-2.41	8.83	-1.21
1995	20.31	-1.03	18.41	-0.12
1994	-2.86	-8.21	-2.97	-5.11
1993	20.71	-3.68	15.87	-1.82
1992	5.36	-3.21	5.39	-3.33
1991	29.05	-3.46	19.63	-1.36
1990	-6.06	-12.63	-1.37	-6.49
1989	21.59	-1.39	9.05	-0.91
1988	15.34	-2.25	2.41	-2.76
1987	2.49	-16.20	11.67	-6.76
1986	23.31	-3.94	15.85	-0.90
1985	30.22	-1.80	20.28	-2.71

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Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of Apr 30, 2026

Portfolio Metrics as of Apr 30, 2026

Drawdowns

Rolling Returns

Yearly Returns