Emerging Markets Stocks Portfolio vs Burton Malkiel Late Sixties and Beyond 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 1^st

Currency: USD

Inflation: US

(Change Settings)

Results

30 Years
(1995/07 - 2025/06)

All Data
(1985/01 - 2025/06)

Inflation Adjusted:

Emerging Markets Stocks Portfolio

1.00$
Invested Capital
July 1995
5.29$
Final Capital
June 2025
5.71%
Yearly Return
22.04%
Std Deviation
-60.44%
Max Drawdown
120months
Recovery Period

1.00$
Invested Capital
July 1995
2.51$
Final Capital
June 2025
3.11%
Yearly Return
22.04%
Std Deviation
-61.09%
Max Drawdown
159months
Recovery Period

1.00$
Invested Capital
January 1985
32.25$
Final Capital
June 2025
8.95%
Yearly Return
25.14%
Std Deviation
-60.44%
Max Drawdown
120months
Recovery Period

1.00$
Invested Capital
January 1985
10.58$
Final Capital
June 2025
6.00%
Yearly Return
25.14%
Std Deviation
-61.09%
Max Drawdown
159months
Recovery Period

Burton Malkiel Late Sixties and Beyond Portfolio

1.00$
Invested Capital
July 1995
11.69$
Final Capital
June 2025
8.54%
Yearly Return
11.70%
Std Deviation
-41.80%
Max Drawdown
38months
Recovery Period

1.00$
Invested Capital
July 1995
5.54$
Final Capital
June 2025
5.87%
Yearly Return
11.70%
Std Deviation
-42.76%
Max Drawdown
42months
Recovery Period

1.00$
Invested Capital
January 1985
45.03$
Final Capital
June 2025
9.86%
Yearly Return
11.55%
Std Deviation
-41.80%
Max Drawdown
38months
Recovery Period

1.00$
Invested Capital
January 1985
14.77$
Final Capital
June 2025
6.87%
Yearly Return
11.55%
Std Deviation
-42.76%
Max Drawdown
42months
Recovery Period

As of June 2025, in the previous 30 Years, the Emerging Markets Stocks Portfolio obtained a 5.71% compound annual return, with a 22.04% standard deviation. It suffered a maximum drawdown of -60.44% that required 120 months to be recovered.

As of June 2025, in the previous 30 Years, the Burton Malkiel Late Sixties and Beyond Portfolio obtained a 8.54% compound annual return, with a 11.70% standard deviation. It suffered a maximum drawdown of -41.80% that required 38 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

Burton Malkiel Late Sixties and Beyond Portfolio

Weight (%)	Ticker	Name
20.00	VTI	Vanguard Total Stock Market
16.00	VIG	Vanguard Dividend Appreciation
15.00	VNQ	Vanguard Real Estate
10.00	EEM	iShares MSCI Emerging Markets
10.00	EFA	iShares MSCI EAFE
10.00	BIL	SPDR Blmbg Barclays 1-3 Mth T-Bill
9.50	EMB	iShares JP Morgan USD Em Mkts Bd
9.50	LQD	iShares Investment Grade Corporate Bond

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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 1^st.
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 (%)
Emerging Markets Stocks	1 $	5.29 $	429.40%	5.71%
Late Sixties and Beyond Burton Malkiel	1 $	11.69 $	1 069.31%	8.54%
	Jul 1995	Jun 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Emerging Markets Stocks	1 $	2.51 $	150.88%	3.11%
Late Sixties and Beyond Burton Malkiel	1 $	5.54 $	454.14%	5.87%
	Jul 1995	Jun 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Emerging Markets Stocks	1 $	32.25 $	3 124.53%	8.95%
Late Sixties and Beyond Burton Malkiel	1 $	45.03 $	4 402.97%	9.86%
	Jan 1985	Jun 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Emerging Markets Stocks	1 $	10.58 $	957.85%	6.00%
Late Sixties and Beyond Burton Malkiel	1 $	14.77 $	1 377.27%	6.87%
	Jan 1985	Jun 2025

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		Return (%) as of Jun 30, 2025
		YTD (6M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~41Y)
	Emerging Markets Stocks -- Market Benchmark	16.47	7.00	16.47	16.29	6.20	4.29	5.71	8.95
	Late Sixties and Beyond Burton Malkiel	7.21	3.19	7.21	12.60	8.74	7.52	8.54	9.86
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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	Emerging Markets Stocks	Late Sixties and Beyond
Author		Burton Malkiel
ASSET ALLOCATION
Stocks	100%	71%
Fixed Income	0%	29%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	16.29	12.60
Infl. Adjusted (%)	13.21	9.61
DRAWDOWN
Deepest Drawdown Depth (%)	-7.27	-3.43
Start to Recovery (months)	8	6
Longest Drawdown Depth (%)	-7.27	-3.43
Start to Recovery (months)	8	6
Longest Negative Period (months)	7	7
RISK INDICATORS
Standard Deviation (%)	10.30	8.08
Sharpe Ratio	1.13	0.99
Sortino Ratio	1.72	1.22
Ulcer Index	3.49	1.53
Ratio: Return / Standard Deviation	1.58	1.56
Ratio: Return / Deepest Drawdown	2.24	3.67
Metrics calculated over the period 1 July 2024 - 30 June 2025

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	Emerging Markets Stocks	Late Sixties and Beyond
Author		Burton Malkiel
ASSET ALLOCATION
Stocks	100%	71%
Fixed Income	0%	29%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	6.20	8.74
Infl. Adjusted (%)	1.54	3.97
DRAWDOWN
Deepest Drawdown Depth (%)	-36.52	-22.44
Start to Recovery (months)	48*	30
Longest Drawdown Depth (%)	-36.52	-22.44
Start to Recovery (months)	48*	30
Longest Negative Period (months)	53	34
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%)	16.13	12.32
Sharpe Ratio	0.22	0.49
Sortino Ratio	0.32	0.67
Ulcer Index	18.51	8.16
Ratio: Return / Standard Deviation	0.38	0.71
Ratio: Return / Deepest Drawdown	0.17	0.39
Metrics calculated over the period 1 July 2020 - 30 June 2025

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	Emerging Markets Stocks	Late Sixties and Beyond
Author		Burton Malkiel
ASSET ALLOCATION
Stocks	100%	71%
Fixed Income	0%	29%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	4.29	7.52
Infl. Adjusted (%)	1.18	4.32
DRAWDOWN
Deepest Drawdown Depth (%)	-36.52	-22.44
Start to Recovery (months)	48*	30
Longest Drawdown Depth (%)	-36.52	-22.44
Start to Recovery (months)	48*	30
Longest Negative Period (months)	85	34
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%)	17.04	11.52
Sharpe Ratio	0.14	0.49
Sortino Ratio	0.21	0.65
Ulcer Index	16.27	6.37
Ratio: Return / Standard Deviation	0.25	0.65
Ratio: Return / Deepest Drawdown	0.12	0.34
Metrics calculated over the period 1 July 2015 - 30 June 2025

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	Emerging Markets Stocks	Late Sixties and Beyond
Author		Burton Malkiel
ASSET ALLOCATION
Stocks	100%	71%
Fixed Income	0%	29%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	5.71	8.54
Infl. Adjusted (%)	3.11	5.87
DRAWDOWN
Deepest Drawdown Depth (%)	-60.44	-41.80
Start to Recovery (months)	120	38
Longest Drawdown Depth (%)	-60.44	-41.80
Start to Recovery (months)	120	38
Longest Negative Period (months)	195	62
RISK INDICATORS
Standard Deviation (%)	22.04	11.70
Sharpe Ratio	0.16	0.54
Sortino Ratio	0.21	0.69
Ulcer Index	21.50	7.71
Ratio: Return / Standard Deviation	0.26	0.73
Ratio: Return / Deepest Drawdown	0.09	0.20
Metrics calculated over the period 1 July 1995 - 30 June 2025

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	Emerging Markets Stocks	Late Sixties and Beyond
Author		Burton Malkiel
ASSET ALLOCATION
Stocks	100%	71%
Fixed Income	0%	29%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	8.95	9.86
Infl. Adjusted (%)	6.00	6.87
DRAWDOWN
Deepest Drawdown Depth (%)	-60.44	-41.80
Start to Recovery (months)	120	38
Longest Drawdown Depth (%)	-54.22	-41.80
Start to Recovery (months)	120	38
Longest Negative Period (months)	195	62
RISK INDICATORS
Standard Deviation (%)	25.14	11.55
Sharpe Ratio	0.23	0.58
Sortino Ratio	0.32	0.75
Ulcer Index	21.72	7.04
Ratio: Return / Standard Deviation	0.36	0.85
Ratio: Return / Deepest Drawdown	0.15	0.24
Metrics calculated over the period 1 January 1985 - 30 June 2025

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)

Chart Table

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Emerging Markets Stocks			Late Sixties and Beyond
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-60.44	120	Nov 2007 Oct 2017
-53.99	78	Aug 1997 Jan 2004
			-41.80	38	Nov 2007 Dec 2010
-36.52	48*	Jul 2021 In progress
-29.69	34	Feb 2018 Nov 2020
			-22.44	30	Jan 2022 Jun 2024
			-16.82	8	Jan 2020 Aug 2020
			-16.48	12	May 1998 Apr 1999
			-13.38	10	May 2011 Feb 2012
			-12.20	13	May 2002 May 2003
-11.25	7	Apr 2004 Oct 2004
-11.14	7	May 2006 Nov 2006
			-9.27	13	Feb 2001 Feb 2002
-9.06	5	Mar 2005 Jul 2005
			-8.08	13	Feb 2018 Feb 2019

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Emerging Markets Stocks			Late Sixties and Beyond
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-60.44	120	Nov 2007 Oct 2017
-55.33	31	Mar 1987 Sep 1989
-54.22	120	Feb 1994 Jan 2004
			-41.80	38	Nov 2007 Dec 2010
-36.52	48*	Jul 2021 In progress
-34.47	7	Aug 1990 Feb 1991
-29.69	34	Feb 2018 Nov 2020
-23.01	11	Jun 1992 Apr 1993
			-22.44	30	Jan 2022 Jun 2024
			-19.08	17	Sep 1987 Jan 1989
			-16.82	8	Jan 2020 Aug 2020
			-16.48	12	May 1998 Apr 1999
			-13.63	7	Aug 1990 Feb 1991
			-13.38	10	May 2011 Feb 2012
			-12.20	13	May 2002 May 2003

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)

Rolling Period:

Emerging Markets Stocks
Late Sixties and Beyond

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		Late Sixties and Beyond
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2025	16.47	0.00	7.21	-2.53
2024	6.49	-7.27	10.33	-3.56
2023	8.95	-12.51	14.40	-8.53
2022	-20.56	-29.40	-16.23	-22.44
2021	-3.61	-11.44	15.40	-3.79
2020	17.03	-23.94	10.03	-16.82
2019	18.20	-7.82	22.55	-3.12
2018	-15.31	-22.75	-5.90	-8.08
2017	37.28	-0.39	16.49	0.00
2016	10.87	-5.81	8.48	-3.07
2015	-16.18	-23.20	-1.63	-7.72
2014	-3.93	-11.58	9.01	-3.10
2013	-3.69	-13.17	12.49	-4.03
2012	19.10	-14.96	14.20	-5.09
2011	-18.82	-29.09	1.01	-13.38
2010	16.51	-10.81	14.47	-8.21
2009	68.93	-14.98	25.30	-17.05
2008	-48.88	-53.98	-26.02	-31.57
2007	33.31	-8.97	5.18	-5.15
2006	31.19	-11.14	20.06	-2.71
2005	32.62	-9.06	9.86	-2.99
2004	24.63	-11.25	14.78	-7.04
2003	57.65	-5.76	29.73	-0.86
2002	-7.43	-24.27	-5.70	-12.20
2001	-2.88	-30.79	5.85	-9.27
2000	-27.56	-31.63	2.46	-6.12
1999	61.57	-4.87	12.48	-4.06
1998	-18.12	-40.98	5.92	-16.48
1997	-16.82	-27.85	15.13	-4.83
1996	15.83	-6.73	18.95	-2.65
1995	0.56	-11.22	20.20	-1.35
1994	-20.17	-25.83	-3.17	-7.20
1993	100.42	-5.91	23.51	-2.85
1992	-10.90	-23.01	4.84	-2.71
1991	111.70	-7.61	33.86	-3.74
1990	-1.92	-34.47	-5.42	-13.63
1989	98.20	-6.54	26.07	-1.94
1988	36.81	-6.67	16.73	-2.39
1987	-46.69	-55.33	-0.94	-19.08
1986	11.58	-9.07	18.93	-4.58
1985	27.58	-4.87	27.52	-2.25

Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of Jun 30, 2025

Portfolio Metrics as of Jun 30, 2025

Drawdowns

Rolling Returns

Yearly Returns