Emerging Markets Stocks Portfolio vs Bogleheads Three Funds Portfolio Portfolio Comparison

Simulation Settings
Period: January 1976 - May 2025 (~49 years)
Consolidated Returns as of 31 May 2025
Initial Amount: 1$
Rebalancing: at every Jan 1st
Currency: USD
Inflation: US
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Results
30 Years
(1995/06 - 2025/05)
All Data
(1976/01 - 2025/05)
Inflation Adjusted:
Emerging Markets Stocks Portfolio
1.00$
Invested Capital
June 1995
4.92$
Final Capital
May 2025
5.45%
Yearly Return
22.01%
Std Deviation
-60.44%
Max Drawdown
120months
Recovery Period
1.00$
Invested Capital
June 1995
2.33$
Final Capital
May 2025
2.87%
Yearly Return
22.01%
Std Deviation
-61.09%
Max Drawdown
159months
Recovery Period
1.00$
Invested Capital
January 1976
36.40$
Final Capital
May 2025
7.55%
Yearly Return
23.76%
Std Deviation
-60.44%
Max Drawdown
120months
Recovery Period
1.00$
Invested Capital
January 1976
6.31$
Final Capital
May 2025
3.80%
Yearly Return
23.76%
Std Deviation
-62.18%
Max Drawdown
131months
Recovery Period
Bogleheads Three Funds Portfolio
1.00$
Invested Capital
June 1995
10.08$
Final Capital
May 2025
8.01%
Yearly Return
12.43%
Std Deviation
-43.68%
Max Drawdown
42months
Recovery Period
1.00$
Invested Capital
June 1995
4.78$
Final Capital
May 2025
5.35%
Yearly Return
12.43%
Std Deviation
-44.61%
Max Drawdown
63months
Recovery Period
1.00$
Invested Capital
January 1976
116.01$
Final Capital
May 2025
10.10%
Yearly Return
12.29%
Std Deviation
-43.68%
Max Drawdown
42months
Recovery Period
1.00$
Invested Capital
January 1976
20.12$
Final Capital
May 2025
6.26%
Yearly Return
12.29%
Std Deviation
-44.61%
Max Drawdown
63months
Recovery Period

As of May 2025, in the previous 30 Years, the Emerging Markets Stocks Portfolio obtained a 5.45% compound annual return, with a 22.01% standard deviation. It suffered a maximum drawdown of -60.44% that required 120 months to be recovered.

As of May 2025, in the previous 30 Years, the Bogleheads Three Funds Portfolio obtained a 8.01% compound annual return, with a 12.43% standard deviation. It suffered a maximum drawdown of -43.68% that required 42 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.

Emerging Markets Stocks Portfolio
Weight
(%)		 Ticker Name
100.00
EEM
iShares MSCI Emerging Markets
Bogleheads Three Funds Portfolio
Weight
(%)		 Ticker Name
50.00
VTI
Vanguard Total Stock Market
30.00
VEU
Vanguard FTSE All-World ex-US
20.00
BND
Vanguard Total Bond Market
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Portfolio Returns as of May 31, 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
(1995/06 - 2025/05)
All Data
(1976/01 - 2025/05)
Inflation Adjusted:
Swipe left to see all data
Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Emerging Markets Stocks
 1 $ 4.92 $ 392.04% 5.45%
Bogleheads Three Funds
Bogleheads 		1 $ 10.08 $ 908.05% 8.01%
Jun 1995 May 2025

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Emerging Markets Stocks
 1 $ 2.33 $ 133.39% 2.87%
Bogleheads Three Funds
Bogleheads 		1 $ 4.78 $ 378.15% 5.35%
Jun 1995 May 2025

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Emerging Markets Stocks
 1 $ 36.40 $ 3 540.40% 7.55%
Bogleheads Three Funds
Bogleheads 		1 $ 116.01 $ 11 501.36% 10.10%
Jan 1976 May 2025

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Emerging Markets Stocks
 1 $ 6.31 $ 531.21% 3.80%
Bogleheads Three Funds
Bogleheads 		1 $ 20.12 $ 1 911.57% 6.26%
Jan 1976 May 2025

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Return (%) as of May 31, 2025
YTD
(5M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~49Y)
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_world.webp Emerging Markets Stocks
-- Market Benchmark 		8.85 4.02 7.00 11.53 6.12 3.28 5.45 7.55
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_bogleheads.webp Three Funds
Bogleheads 		4.88 4.31 2.07 11.93 10.68 8.23 8.01 10.10
Returns over 1 year are annualized.
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Portfolio Metrics as of May 31, 2025

The following metrics, updated as of 31 May 2025, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON
Period: 1 June 2024 - 31 May 2025 (1 year)
Period: 1 June 2020 - 31 May 2025 (5 years)
Period: 1 June 2015 - 31 May 2025 (10 years)
Period: 1 June 1995 - 31 May 2025 (30 years)
Period: 1 January 1976 - 31 May 2025 (~49 years)
1 Year
5 Years
10 Years
30 Years
All (1976/01 - 2025/05)
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Emerging Markets Stocks Three Funds
Author Bogleheads
ASSET ALLOCATION
Stocks 100% 80%
Fixed Income 0% 20%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 11.53 11.93
Infl. Adjusted (%) 8.94 9.33
DRAWDOWN
Deepest Drawdown Depth (%) -7.27 -2.75
Start to Recovery (months) 8 3
Longest Drawdown Depth (%) -7.27 -2.68
Start to Recovery (months) 8 3
Longest Negative Period (months) 7 7
RISK INDICATORS
Standard Deviation (%) 8.59 7.96
Sharpe Ratio 0.79 0.91
Sortino Ratio 1.12 1.17
Ulcer Index 3.49 1.36
Ratio: Return / Standard Deviation 1.34 1.50
Ratio: Return / Deepest Drawdown 1.59 4.33
Metrics calculated over the period 1 June 2024 - 31 May 2025
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Emerging Markets Stocks Three Funds
Author Bogleheads
ASSET ALLOCATION
Stocks 100% 80%
Fixed Income 0% 20%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 6.12 10.68
Infl. Adjusted (%) 1.44 5.79
DRAWDOWN
Deepest Drawdown Depth (%) -36.52 -23.18
Start to Recovery (months) 47* 26
Longest Drawdown Depth (%) -36.52 -23.18
Start to Recovery (months) 47* 26
Longest Negative Period (months) 53 34
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 16.10 13.06
Sharpe Ratio 0.22 0.62
Sortino Ratio 0.32 0.84
Ulcer Index 18.51 7.90
Ratio: Return / Standard Deviation 0.38 0.82
Ratio: Return / Deepest Drawdown 0.17 0.46
Metrics calculated over the period 1 June 2020 - 31 May 2025
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Emerging Markets Stocks Three Funds
Author Bogleheads
ASSET ALLOCATION
Stocks 100% 80%
Fixed Income 0% 20%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 3.28 8.23
Infl. Adjusted (%) 0.20 5.01
DRAWDOWN
Deepest Drawdown Depth (%) -36.52 -23.18
Start to Recovery (months) 47* 26
Longest Drawdown Depth (%) -36.52 -23.18
Start to Recovery (months) 47* 26
Longest Negative Period (months) 89 34
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 16.95 12.41
Sharpe Ratio 0.09 0.52
Sortino Ratio 0.12 0.69
Ulcer Index 16.58 6.43
Ratio: Return / Standard Deviation 0.19 0.66
Ratio: Return / Deepest Drawdown 0.09 0.36
Metrics calculated over the period 1 June 2015 - 31 May 2025
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Emerging Markets Stocks Three Funds
Author Bogleheads
ASSET ALLOCATION
Stocks 100% 80%
Fixed Income 0% 20%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 5.45 8.01
Infl. Adjusted (%) 2.87 5.35
DRAWDOWN
Deepest Drawdown Depth (%) -60.44 -43.68
Start to Recovery (months) 120 42
Longest Drawdown Depth (%) -60.44 -33.38
Start to Recovery (months) 120 57
Longest Negative Period (months) 195 118
RISK INDICATORS
Standard Deviation (%) 22.01 12.43
Sharpe Ratio 0.14 0.46
Sortino Ratio 0.20 0.60
Ulcer Index 21.50 10.83
Ratio: Return / Standard Deviation 0.25 0.64
Ratio: Return / Deepest Drawdown 0.09 0.18
Metrics calculated over the period 1 June 1995 - 31 May 2025
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Emerging Markets Stocks Three Funds
Author Bogleheads
ASSET ALLOCATION
Stocks 100% 80%
Fixed Income 0% 20%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 7.55 10.10
Infl. Adjusted (%) 3.80 6.26
DRAWDOWN
Deepest Drawdown Depth (%) -60.44 -43.68
Start to Recovery (months) 120 42
Longest Drawdown Depth (%) -54.22 -33.38
Start to Recovery (months) 120 57
Longest Negative Period (months) 195 118
RISK INDICATORS
Standard Deviation (%) 23.76 12.29
Sharpe Ratio 0.14 0.48
Sortino Ratio 0.19 0.64
Ulcer Index 22.65 8.88
Ratio: Return / Standard Deviation 0.32 0.82
Ratio: Return / Deepest Drawdown 0.12 0.23
Metrics calculated over the period 1 January 1976 - 31 May 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 June 1995 - 31 May 2025 (30 years)
Period: 1 January 1976 - 31 May 2025 (~49 years)
30 Years
(1995/06 - 2025/05)

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Emerging Markets Stocks Three Funds
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-60.44 120 Nov 2007
Oct 2017
-53.99 78 Aug 1997
Jan 2004
-43.68 42 Nov 2007
Apr 2011
-36.52 47* Jul 2021
In progress
-33.38 57 Apr 2000
Dec 2004
-29.69 34 Feb 2018
Nov 2020
-23.18 26 Jan 2022
Feb 2024
-17.01 7 Jan 2020
Jul 2020
-15.77 17 May 2011
Sep 2012
-12.46 5 Jul 1998
Nov 1998
-11.25 7 Apr 2004
Oct 2004
-11.14 7 May 2006
Nov 2006
-10.53 15 Feb 2018
Apr 2019
-9.88 14 Jun 2015
Jul 2016
-9.06 5 Mar 2005
Jul 2005

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Emerging Markets Stocks Three Funds
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-60.44 120 Nov 2007
Oct 2017
-55.33 31 Mar 1987
Sep 1989
-55.05 66 Dec 1980
May 1986
-54.22 120 Feb 1994
Jan 2004
-43.68 42 Nov 2007
Apr 2011
-36.52 47* Jul 2021
In progress
-34.47 7 Aug 1990
Feb 1991
-33.38 57 Apr 2000
Dec 2004
-29.69 34 Feb 2018
Nov 2020
-23.18 26 Jan 2022
Feb 2024
-23.01 11 Jun 1992
Apr 1993
-19.21 17 Sep 1987
Jan 1989
-17.01 7 Jan 2020
Jul 2020
-15.77 17 May 2011
Sep 2012
-15.31 14 Jan 1990
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 1976 - 31 May 2025 (~49 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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Emerging Markets Stocks Three Funds
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 8.85 0.00 4.88 -2.75
2024
 6.49 -7.27 13.85 -3.44
2023
 8.95 -12.51 18.86 -8.74
2022
 -20.56 -29.40 -17.06 -23.18
2021
 -3.61 -11.44 14.95 -3.53
2020
 17.03 -23.94 15.39 -17.01
2019
 18.20 -7.82 23.65 -4.68
2018
 -15.31 -22.75 -6.89 -10.53
2017
 37.28 -0.39 19.54 0.00
2016
 10.87 -5.81 8.39 -4.82
2015
 -16.18 -23.20 -1.14 -8.74
2014
 -3.93 -11.58 6.07 -3.01
2013
 -3.69 -13.17 20.56 -2.36
2012
 19.10 -14.96 14.53 -7.09
2011
 -18.82 -29.09 -2.14 -15.77
2010
 16.51 -10.81 13.50 -9.82
2009
 68.93 -14.98 26.45 -15.70
2008
 -48.88 -53.98 -30.15 -33.07
2007
 33.31 -8.97 8.73 -4.35
2006
 31.19 -11.14 16.69 -3.08
2005
 32.62 -9.06 8.30 -3.34
2004
 24.63 -11.25 13.49 -2.83
2003
 57.65 -5.76 28.27 -3.88
2002
 -7.43 -24.27 -13.11 -18.90
2001
 -2.88 -30.79 -9.84 -18.61
2000
 -27.56 -31.63 -7.69 -11.84
1999
 61.57 -4.87 20.73 -2.88
1998
 -18.12 -40.98 18.03 -12.46
1997
 -16.82 -27.85 17.15 -4.61
1996
 15.83 -6.73 12.60 -3.77
1995
 0.56 -11.22 22.72 -1.03
1994
 -20.17 -25.83 2.31 -4.84
1993
 100.42 -5.91 16.23 -4.16
1992
 -10.90 -23.01 1.54 -4.66
1991
 111.70 -7.61 22.09 -4.27
1990
 -1.92 -34.47 -8.74 -15.31
1989
 98.20 -6.54 20.64 -2.08
1988
 36.81 -6.67 17.83 -3.20
1987
 -46.69 -55.33 10.76 -19.21
1986
 11.58 -9.07 29.32 -4.89
1985
 27.58 -4.87 35.27 -2.34
1984
 16.85 -4.31 4.95 -7.57
1983
 14.20 -3.85 19.49 -2.98
1982
 -31.65 -40.30 16.05 -10.52
1981
 -20.21 -22.51 -1.38 -10.40
1980
 6.80 -13.68 24.15 -10.43
1979
 19.35 -6.39 15.99 -7.03
1978
 14.19 -7.84 13.84 -7.76
1977
 6.78 -3.89 3.33 -3.91
1976
 6.79 -7.97 16.66 -2.66
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