Emerging Markets Stocks Portfolio vs The Lazy Team Simplified Permanent Portfolio Portfolio Comparison

Simulation Settings

Period: January 1976 - July 2025 (~50 years)
Consolidated Returns as of 31 July 2025

Initial Amount: 1$

Rebalancing: at every Jan 1^st

Currency: USD

Inflation: US

(Change Settings)

Results

30 Years
(1995/08 - 2025/07)

All Data
(1976/01 - 2025/07)

Inflation Adjusted:

Emerging Markets Stocks Portfolio

1.00$
Invested Capital
August 1995
5.18$
Final Capital
July 2025
5.64%
Yearly Return
22.03%
Std Deviation
-60.44%
Max Drawdown
120months
Recovery Period

1.00$
Invested Capital
August 1995
2.45$
Final Capital
July 2025
3.04%
Yearly Return
22.03%
Std Deviation
-61.09%
Max Drawdown
159months
Recovery Period

1.00$
Invested Capital
January 1976
39.21$
Final Capital
July 2025
7.68%
Yearly Return
23.74%
Std Deviation
-60.44%
Max Drawdown
120months
Recovery Period

1.00$
Invested Capital
January 1976
6.77$
Final Capital
July 2025
3.93%
Yearly Return
23.74%
Std Deviation
-62.18%
Max Drawdown
131months
Recovery Period

The Lazy Team Simplified Permanent Portfolio

1.00$
Invested Capital
August 1995
8.22$
Final Capital
July 2025
7.27%
Yearly Return
6.90%
Std Deviation
-16.43%
Max Drawdown
27months
Recovery Period

1.00$
Invested Capital
August 1995
3.89$
Final Capital
July 2025
4.63%
Yearly Return
6.90%
Std Deviation
-23.36%
Max Drawdown
53months
Recovery Period

1.00$
Invested Capital
January 1976
60.30$
Final Capital
July 2025
8.62%
Yearly Return
7.81%
Std Deviation
-16.43%
Max Drawdown
27months
Recovery Period

1.00$
Invested Capital
January 1976
10.40$
Final Capital
July 2025
4.84%
Yearly Return
7.81%
Std Deviation
-25.39%
Max Drawdown
35months
Recovery Period

As of July 2025, in the previous 30 Years, the Emerging Markets Stocks Portfolio obtained a 5.64% compound annual return, with a 22.03% standard deviation. It suffered a maximum drawdown of -60.44% that required 120 months to be recovered.

As of July 2025, in the previous 30 Years, the The Lazy Team Simplified Permanent Portfolio obtained a 7.27% compound annual return, with a 6.90% standard deviation. It suffered a maximum drawdown of -16.43% that required 27 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

The Lazy Team Simplified Permanent Portfolio

Weight (%)	Ticker	Name
25.00	VTI	Vanguard Total Stock Market
50.00	IEF	iShares 7-10 Year Treasury Bond
25.00	GLD	SPDR Gold Trust

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Portfolio Returns as of Jul 31, 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
(1995/08 - 2025/07)

All Data
(1976/01 - 2025/07)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Emerging Markets Stocks	1 $	5.18 $	418.13%	5.64%
Simplified Permanent Portfolio The Lazy Team	1 $	8.22 $	721.57%	7.27%
	Aug 1995	Jul 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Emerging Markets Stocks	1 $	2.45 $	145.39%	3.04%
Simplified Permanent Portfolio The Lazy Team	1 $	3.89 $	289.09%	4.63%
	Aug 1995	Jul 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Emerging Markets Stocks	1 $	39.21 $	3 821.14%	7.68%
Simplified Permanent Portfolio The Lazy Team	1 $	60.30 $	5 929.74%	8.62%
	Jan 1976	Jul 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Emerging Markets Stocks	1 $	6.77 $	576.61%	3.93%
Simplified Permanent Portfolio The Lazy Team	1 $	10.40 $	940.46%	4.84%
	Jan 1976	Jul 2025

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		Return (%) as of Jul 31, 2025
		YTD (7M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~50Y)
	Emerging Markets Stocks -- Market Benchmark	17.24	0.66	14.77	16.08	4.67	5.04	5.64	7.68
	Simplified Permanent Portfolio The Lazy Team	10.58	0.09	7.61	13.68	5.08	6.71	7.27	8.62
Returns over 1 year are annualized.

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Portfolio Metrics as of Jul 31, 2025

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

METRIC COMPARISON

Period: 1 August 2024 - 31 July 2025 (1 year)

Period: 1 August 2020 - 31 July 2025 (5 years)

Period: 1 August 2015 - 31 July 2025 (10 years)

Period: 1 August 1995 - 31 July 2025 (30 years)

Period: 1 January 1976 - 31 July 2025 (~50 years)

1 Year

5 Years

10 Years

30 Years

All (1976/01 - 2025/07)

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	Emerging Markets Stocks	Simplified Permanent Portfolio
Author		The Lazy Team
ASSET ALLOCATION
Stocks	100%	25%
Fixed Income	0%	50%
Commodities	0%	25%
PERFORMANCES
Annualized Return (%)	16.08	13.68
Infl. Adjusted (%)	12.96	10.61
DRAWDOWN
Deepest Drawdown Depth (%)	-7.27	-2.24
Start to Recovery (months)	8	2
Longest Drawdown Depth (%)	-7.27	-0.55
Start to Recovery (months)	8	2
Longest Negative Period (months)	7	3
RISK INDICATORS
Standard Deviation (%)	10.31	4.69
Sharpe Ratio	1.12	1.95
Sortino Ratio	1.71	2.38
Ulcer Index	3.49	0.64
Ratio: Return / Standard Deviation	1.56	2.91
Ratio: Return / Deepest Drawdown	2.21	6.11
Metrics calculated over the period 1 August 2024 - 31 July 2025

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	Emerging Markets Stocks	Simplified Permanent Portfolio
Author		The Lazy Team
ASSET ALLOCATION
Stocks	100%	25%
Fixed Income	0%	50%
Commodities	0%	25%
PERFORMANCES
Annualized Return (%)	4.67	5.08
Infl. Adjusted (%)	0.15	0.54
DRAWDOWN
Deepest Drawdown Depth (%)	-36.52	-16.43
Start to Recovery (months)	49*	27
Longest Drawdown Depth (%)	-36.52	-16.43
Start to Recovery (months)	49*	27
Longest Negative Period (months)	53	40
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%)	15.76	8.40
Sharpe Ratio	0.12	0.28
Sortino Ratio	0.18	0.38
Ulcer Index	18.52	5.95
Ratio: Return / Standard Deviation	0.30	0.60
Ratio: Return / Deepest Drawdown	0.13	0.31
Metrics calculated over the period 1 August 2020 - 31 July 2025

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	Emerging Markets Stocks	Simplified Permanent Portfolio
Author		The Lazy Team
ASSET ALLOCATION
Stocks	100%	25%
Fixed Income	0%	50%
Commodities	0%	25%
PERFORMANCES
Annualized Return (%)	5.04	6.71
Infl. Adjusted (%)	1.91	3.53
DRAWDOWN
Deepest Drawdown Depth (%)	-36.52	-16.43
Start to Recovery (months)	49*	27
Longest Drawdown Depth (%)	-36.52	-16.43
Start to Recovery (months)	49*	27
Longest Negative Period (months)	85	40
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%)	16.91	7.26
Sharpe Ratio	0.19	0.67
Sortino Ratio	0.27	0.93
Ulcer Index	15.81	4.42
Ratio: Return / Standard Deviation	0.30	0.92
Ratio: Return / Deepest Drawdown	0.14	0.41
Metrics calculated over the period 1 August 2015 - 31 July 2025

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	Emerging Markets Stocks	Simplified Permanent Portfolio
Author		The Lazy Team
ASSET ALLOCATION
Stocks	100%	25%
Fixed Income	0%	50%
Commodities	0%	25%
PERFORMANCES
Annualized Return (%)	5.64	7.27
Infl. Adjusted (%)	3.04	4.63
DRAWDOWN
Deepest Drawdown Depth (%)	-60.44	-16.43
Start to Recovery (months)	120	27
Longest Drawdown Depth (%)	-60.44	-16.43
Start to Recovery (months)	120	27
Longest Negative Period (months)	195	40
RISK INDICATORS
Standard Deviation (%)	22.03	6.90
Sharpe Ratio	0.15	0.73
Sortino Ratio	0.21	1.01
Ulcer Index	21.50	3.15
Ratio: Return / Standard Deviation	0.26	1.05
Ratio: Return / Deepest Drawdown	0.09	0.44
Metrics calculated over the period 1 August 1995 - 31 July 2025

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	Emerging Markets Stocks	Simplified Permanent Portfolio
Author		The Lazy Team
ASSET ALLOCATION
Stocks	100%	25%
Fixed Income	0%	50%
Commodities	0%	25%
PERFORMANCES
Annualized Return (%)	7.68	8.62
Infl. Adjusted (%)	3.93	4.84
DRAWDOWN
Deepest Drawdown Depth (%)	-60.44	-16.43
Start to Recovery (months)	120	27
Longest Drawdown Depth (%)	-54.22	-16.43
Start to Recovery (months)	120	27
Longest Negative Period (months)	195	40
RISK INDICATORS
Standard Deviation (%)	23.74	7.81
Sharpe Ratio	0.15	0.56
Sortino Ratio	0.20	0.81
Ulcer Index	22.61	3.27
Ratio: Return / Standard Deviation	0.32	1.10
Ratio: Return / Deepest Drawdown	0.13	0.52
Metrics calculated over the period 1 January 1976 - 31 July 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 August 1995 - 31 July 2025 (30 years)

Period: 1 January 1976 - 31 July 2025 (~50 years)

30 Years
(1995/08 - 2025/07)

Chart Table

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Emerging Markets Stocks			Simplified Permanent Portfolio
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-60.44	120	Nov 2007 Oct 2017
-53.99	78	Aug 1997 Jan 2004
-36.52	49*	Jul 2021 In progress
-29.69	34	Feb 2018 Nov 2020
			-16.43	27	Jan 2022 Mar 2024
			-13.28	18	Mar 2008 Aug 2009
-11.25	7	Apr 2004 Oct 2004
-11.14	7	May 2006 Nov 2006
-9.06	5	Mar 2005 Jul 2005
-6.73	5	Jul 1996 Nov 1996
			-6.69	11	Apr 2013 Feb 2014
-6.44	6	Aug 1995 Jan 1996
-6.34	3	Oct 2005 Dec 2005
			-6.23	12	Aug 2016 Jul 2017
			-5.27	14	Feb 2015 Mar 2016

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Emerging Markets Stocks			Simplified Permanent Portfolio
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
-36.52	49*	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
			-16.43	27	Jan 2022 Mar 2024
			-14.34	21	Dec 1980 Aug 1982
-13.68	10	Feb 1980 Nov 1980
			-13.28	18	Mar 2008 Aug 2009
			-13.17	5	Feb 1980 Jun 1980
-11.25	7	Apr 2004 Oct 2004
-11.14	7	May 2006 Nov 2006

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 July 2025 (~50 years)

Rolling Period:

Emerging Markets Stocks
Simplified Permanent Portfolio

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		Simplified Permanent Portfolio
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2025	17.24	0.00	10.58	0.00
2024	6.49	-7.27	12.30	-2.24
2023	8.95	-12.51	11.51	-5.16
2022	-20.56	-29.40	-12.67	-16.43
2021	-3.61	-11.44	3.72	-3.81
2020	17.03	-23.94	16.46	-3.11
2019	18.20	-7.82	16.15	-0.99
2018	-15.31	-22.75	-1.29	-3.68
2017	37.28	-0.39	9.78	-0.96
2016	10.87	-5.81	5.72	-6.23
2015	-16.18	-23.20	-1.82	-5.27
2014	-3.93	-11.58	7.12	-2.59
2013	-3.69	-13.17	-1.76	-6.69
2012	19.10	-14.96	7.59	-1.89
2011	-18.82	-29.09	10.45	-3.69
2010	16.51	-10.81	16.36	-0.02
2009	68.93	-14.98	9.94	-4.96
2008	-48.88	-53.98	0.94	-13.28
2007	33.31	-8.97	14.14	-1.50
2006	31.19	-11.14	10.82	-2.47
2005	32.62	-9.06	7.34	-1.60
2004	24.63	-11.25	6.42	-4.79
2003	57.65	-5.76	15.31	-2.22
2002	-7.43	-24.27	9.00	-2.60
2001	-2.88	-30.79	0.15	-3.21
2000	-27.56	-31.63	4.63	-2.98
1999	61.57	-4.87	2.25	-5.09
1998	-18.12	-40.98	12.93	-4.63
1997	-16.82	-27.85	8.38	-2.87
1996	15.83	-6.73	4.09	-3.64
1995	0.56	-11.22	21.97	0.00
1994	-20.17	-25.83	-4.18	-5.67
1993	100.42	-5.91	13.56	-1.61
1992	-10.90	-23.01	4.46	-3.11
1991	111.70	-7.61	15.41	-1.06
1990	-1.92	-34.47	1.55	-5.66
1989	98.20	-6.54	15.24	-1.52
1988	36.81	-6.67	3.97	-2.03
1987	-46.69	-55.33	5.46	-5.83
1986	11.58	-9.07	19.06	-1.00
1985	27.58	-4.87	24.24	-2.66
1984	16.85	-4.31	3.14	-5.27
1983	14.20	-3.85	2.74	-3.74
1982	-31.65	-40.30	28.65	-5.77
1981	-20.21	-22.51	-6.55	-13.29
1980	6.80	-13.68	11.44	-13.17
1979	19.35	-6.39	38.61	-5.94
1978	14.19	-7.84	11.00	-5.48
1977	6.78	-3.89	5.09	-3.12
1976	6.79	-7.97	13.24	-2.32

Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of Jul 31, 2025

Portfolio Metrics as of Jul 31, 2025

Drawdowns

Rolling Returns

Yearly Returns