Gold Portfolio vs Ray Dalio All Weather Portfolio Portfolio Comparison

Simulation Settings
Period: January 1871 - March 2025 (~154 years)
Consolidated Returns as of 31 March 2025
Rebalancing: at every Jan 1st
Currency: USD
Inflation: US
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Results
30 Years
All (since January 1871)
Inflation Adjusted:
Gold Portfolio
1.00$
Initial Capital
April 1995
7.31$
Final Capital
March 2025
6.86%
Yearly Return
15.66%
Std Deviation
-42.91%
Max Drawdown
107months
Recovery Period
1.00$
Initial Capital
April 1995
3.46$
Final Capital
March 2025
4.22%
Yearly Return
15.66%
Std Deviation
-45.71%
Max Drawdown
158months
Recovery Period
1.00$
Initial Capital
January 1871
125.43$
Final Capital
March 2025
3.18%
Yearly Return
12.68%
Std Deviation
-61.78%
Max Drawdown
319months
Recovery Period
1.00$
Initial Capital
January 1871
4.90$
Final Capital
March 2025
1.04%
Yearly Return
12.68%
Std Deviation
-82.52%
Max Drawdown
542months
Recovery Period
Ray Dalio All Weather Portfolio
1.00$
Initial Capital
April 1995
8.88$
Final Capital
March 2025
7.55%
Yearly Return
7.47%
Std Deviation
-20.58%
Max Drawdown
39months*
Recovery Period
* in progress
1.00$
Initial Capital
April 1995
4.20$
Final Capital
March 2025
4.90%
Yearly Return
7.47%
Std Deviation
-27.85%
Max Drawdown
43months*
Recovery Period
* in progress
1.00$
Initial Capital
January 1871
12.7K$
Final Capital
March 2025
6.32%
Yearly Return
6.56%
Std Deviation
-37.02%
Max Drawdown
68months
Recovery Period
1.00$
Initial Capital
January 1871
497.39$
Final Capital
March 2025
4.11%
Yearly Return
6.56%
Std Deviation
-47.73%
Max Drawdown
124months
Recovery Period

As of March 2025, in the previous 30 Years, the Gold Portfolio obtained a 6.86% compound annual return, with a 15.66% standard deviation. It suffered a maximum drawdown of -42.91% that required 107 months to be recovered.

As of March 2025, in the previous 30 Years, the Ray Dalio All Weather Portfolio obtained a 7.55% compound annual return, with a 7.47% standard deviation. It suffered a maximum drawdown of -20.58% which has been ongoing for 39 months and is still in progress.

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.

Gold Portfolio
Weight
(%)		 ETF
Ticker		 Name
100.00
GLD
SPDR Gold Trust
Ray Dalio All Weather Portfolio
Weight
(%)		 ETF
Ticker		 Name
30.00
VTI
Vanguard Total Stock Market
40.00
TLT
iShares 20+ Year Treasury Bond
15.00
IEI
iShares 3-7 Year Treasury Bond
7.50
DBC
Invesco DB Commodity Tracking
7.50
GLD
SPDR Gold Trust
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Portfolio Returns as of Mar 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
Period: 1 January 1871 - 31 March 2025 (~154 years)
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Return (%) as of Mar 31, 2025
YTD
(3M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~154Y)
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_gold.webp Gold
-- Market Benchmark 		19.00 9.45 18.55 40.06 14.25 9.75 6.86 3.18
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_ray_dalio.webp All Weather Portfolio
Ray Dalio 		2.76 -1.21 -0.34 6.84 3.90 4.73 7.55 6.32
Return over 1 year are annualized.
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Capital Growth as of Mar 31, 2025

Gold Portfolio: an investment of 1$, since April 1995, now would be worth 7.31$, with a total return of 631.02% (6.86% annualized).

Ray Dalio All Weather Portfolio: an investment of 1$, since April 1995, now would be worth 8.88$, with a total return of 788.32% (7.55% annualized).


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Gold Portfolio: an investment of 1$, since January 1871, now would be worth 125.43$, with a total return of 12442.93% (3.18% annualized).

Ray Dalio All Weather Portfolio: an investment of 1$, since January 1871, now would be worth 12743.16$, with a total return of 1274216.49% (6.32% annualized).


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Portfolio Metrics as of Mar 31, 2025

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

METRIC COMPARISON
Period: 1 April 2024 - 31 March 2025 (1 year)
Period: 1 April 2020 - 31 March 2025 (5 years)
Period: 1 April 2015 - 31 March 2025 (10 years)
Period: 1 April 1995 - 31 March 2025 (30 years)
Period: 1 January 1871 - 31 March 2025 (~154 years)
Swipe left to see all data
Gold All Weather Portfolio
Author Ray Dalio
ASSET ALLOCATION
Stocks 0% 30%
Fixed Income 0% 55%
Commodities 100% 15%
PERFORMANCES
Annualized Return (%) 40.06 6.84
Infl. Adjusted Return (%) 36.79 4.35
DRAWDOWN
Deepest Drawdown Depth (%) -4.49 -3.73
Start to Recovery (months) 3 3
Longest Drawdown Depth (%) -4.49 -3.73
Start to Recovery (months) 3 3
Longest Negative Period (months) 3 6*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 11.76 8.19
Sharpe Ratio 2.99 0.24
Sortino Ratio 4.28 0.29
Ulcer Index 1.52 1.65
Ratio: Return / Standard Deviation 3.41 0.84
Ratio: Return / Deepest Drawdown 8.93 1.84
Metrics calculated over the period 1 April 2024 - 31 March 2025
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Gold All Weather Portfolio
Author Ray Dalio
ASSET ALLOCATION
Stocks 0% 30%
Fixed Income 0% 55%
Commodities 100% 15%
PERFORMANCES
Annualized Return (%) 14.25 3.90
Infl. Adjusted Return (%) 9.46 -0.45
DRAWDOWN
Deepest Drawdown Depth (%) -18.08 -20.58
Start to Recovery (months) 40 39*
Longest Drawdown Depth (%) -18.08 -20.58
Start to Recovery (months) 40 39*
Longest Negative Period (months) 39 45
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 14.86 10.47
Sharpe Ratio 0.79 0.14
Sortino Ratio 1.18 0.19
Ulcer Index 6.97 9.54
Ratio: Return / Standard Deviation 0.96 0.37
Ratio: Return / Deepest Drawdown 0.79 0.19
Metrics calculated over the period 1 April 2020 - 31 March 2025
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Gold All Weather Portfolio
Author Ray Dalio
ASSET ALLOCATION
Stocks 0% 30%
Fixed Income 0% 55%
Commodities 100% 15%
PERFORMANCES
Annualized Return (%) 9.75 4.73
Infl. Adjusted Return (%) 6.47 1.60
DRAWDOWN
Deepest Drawdown Depth (%) -18.08 -20.58
Start to Recovery (months) 40 39*
Longest Drawdown Depth (%) -18.08 -20.58
Start to Recovery (months) 40 39*
Longest Negative Period (months) 42 46
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 14.03 8.46
Sharpe Ratio 0.57 0.36
Sortino Ratio 0.86 0.49
Ulcer Index 6.65 6.99
Ratio: Return / Standard Deviation 0.69 0.56
Ratio: Return / Deepest Drawdown 0.54 0.23
Metrics calculated over the period 1 April 2015 - 31 March 2025
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Gold All Weather Portfolio
Author Ray Dalio
ASSET ALLOCATION
Stocks 0% 30%
Fixed Income 0% 55%
Commodities 100% 15%
PERFORMANCES
Annualized Return (%) 6.86 7.55
Infl. Adjusted Return (%) 4.22 4.90
DRAWDOWN
Deepest Drawdown Depth (%) -42.91 -20.58
Start to Recovery (months) 107 39*
Longest Drawdown Depth (%) -42.91 -20.58
Start to Recovery (months) 107 39*
Longest Negative Period (months) 145 46
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 15.66 7.47
Sharpe Ratio 0.29 0.70
Sortino Ratio 0.43 0.95
Ulcer Index 20.47 4.45
Ratio: Return / Standard Deviation 0.44 1.01
Ratio: Return / Deepest Drawdown 0.16 0.37
Metrics calculated over the period 1 April 1995 - 31 March 2025
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Gold All Weather Portfolio
Author Ray Dalio
ASSET ALLOCATION
Stocks 0% 30%
Fixed Income 0% 55%
Commodities 100% 15%
PERFORMANCES
Annualized Return (%) 3.18 6.32
Infl. Adjusted Return (%) 1.04 4.11
DRAWDOWN
Deepest Drawdown Depth (%) -61.78 -37.02
Start to Recovery (months) 319 68
Longest Drawdown Depth (%) -12.20 -37.02
Start to Recovery (months) 685 68
Longest Negative Period (months) 744 84
RISK INDICATORS
Standard Deviation (%) 12.68 6.56
Sharpe Ratio -0.06 0.35
Sortino Ratio -0.12 0.50
Ulcer Index 22.25 4.58
Ratio: Return / Standard Deviation 0.25 0.96
Ratio: Return / Deepest Drawdown 0.05 0.17
Metrics calculated over the period 1 January 1871 - 31 March 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 April 1995 - 31 March 2025 (30 years)
Period: 1 January 1871 - 31 March 2025 (~154 years)

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Gold All Weather Portfolio
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-42.91 107 Sep 2011
Jul 2020
-37.17 95 Feb 1996
Dec 2003
-25.83 15 Mar 2008
May 2009
-20.58 39* Jan 2022
In progress
-18.08 40 Aug 2020
Nov 2023
-11.57 9 Jan 2009
Sep 2009
-11.38 6 Jul 2008
Dec 2008
-8.64 10 Dec 2004
Sep 2005
-8.63 10 May 2006
Feb 2007
-8.37 6 Dec 2009
May 2010
-8.31 7 Apr 2004
Oct 2004
-6.66 17 Feb 2015
Jun 2016
-6.42 13 Aug 2016
Aug 2017
-6.38 3 Jan 2011
Mar 2011
-5.29 9 May 2013
Jan 2014

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Gold All Weather Portfolio
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-61.78 319 Oct 1980
Apr 2007
-44.24 43 Jan 1975
Jul 1978
-42.91 107 Sep 2011
Jul 2020
-37.02 68 Sep 1929
Apr 1935
-25.83 15 Mar 2008
May 2009
-24.27 5 Feb 1980
Jun 1980
-20.58 39* Jan 2022
In progress
-20.49 7 Jul 1973
Jan 1974
-20.28 4 Nov 1978
Feb 1979
-19.77 32 May 1969
Dec 1971
-18.25 255 Jan 1948
Mar 1969
-18.08 40 Aug 2020
Nov 2023
-17.43 37 Mar 1937
Mar 1940
-16.62 8 Apr 1974
Nov 1974
-12.98 25 Dec 1968
Dec 1970

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 1871 - 31 March 2025 (~154 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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Gold All Weather Portfolio
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 19.00 0.00 2.76 -1.21
2024
 26.66 -4.49 6.36 -3.73
2023
 12.69 -7.22 9.95 -9.25
2022
 -0.77 -15.91 -18.39 -20.58
2021
 -4.15 -10.32 8.27 -3.74
2020
 24.81 -10.12 15.88 -3.68
2019
 17.86 -4.10 17.93 -0.83
2018
 -1.94 -11.66 -3.02 -4.71
2017
 12.81 -4.09 11.55 -0.49
2016
 8.03 -15.02 6.50 -6.42
2015
 -10.67 -17.81 -3.23 -6.66
2014
 -2.19 -12.44 12.89 -2.52
2013
 -28.33 -28.33 1.71 -5.29
2012
 6.60 -10.45 7.02 -1.33
2011
 9.57 -14.48 15.64 -2.00
2010
 29.27 -5.09 12.88 -0.69
2009
 24.03 -7.20 2.71 -11.57
2008
 4.92 -25.83 2.38 -11.38
2007
 30.45 -4.20 11.88 -1.20
2006
 22.55 -8.63 6.93 -1.71
2005
 17.76 -4.91 8.55 -2.99
2004
 4.65 -8.31 9.41 -4.76
2003
 19.89 -8.88 13.96 -4.74
2002
 25.57 -6.72 7.77 -1.56
2001
 0.75 -6.10 -2.77 -4.61
2000
 -5.44 -9.93 10.15 -2.26
1999
 0.85 -11.47 6.28 -3.79
1998
 -0.83 -12.01 11.05 -4.83
1997
 -21.41 -21.41 13.54 -2.89
1996
 -4.59 -8.95 8.27 -2.11
1995
 0.98 -2.46 27.44 0.00
1994
 -2.17 -3.91 -3.28 -6.83
1993
 17.68 -11.51 12.02 -1.98
1992
 -5.73 -6.97 6.76 -2.23
1991
 -8.56 -10.05 17.98 -1.86
1990
 -3.11 -15.14 3.85 -5.51
1989
 -2.84 -12.30 20.45 -1.14
1988
 -15.26 -18.05 10.59 -1.93
1987
 24.53 -1.97 3.47 -8.78
1986
 18.96 -8.14 20.56 -3.75
1985
 6.00 -6.67 28.68 -2.13
1984
 -19.38 -21.80 8.03 -6.61
1983
 -16.31 -23.52 7.06 -3.16
1982
 14.94 -20.13 31.65 -3.13
1981
 -32.60 -32.60 -3.74 -11.76
1980
 15.19 -24.27 10.35 -10.89
1979
 126.55 -4.46 19.26 -6.57
1978
 37.01 -20.28 7.24 -3.43
1977
 22.64 -4.00 2.14 -2.83
1976
 -4.10 -25.85 15.78 -1.12
1975
 -24.80 -25.92 12.93 -5.16
1974
 66.15 -16.62 1.78 -11.04
1973
 72.96 -20.49 6.67 -2.66
1972
 49.02 -6.88 14.50 0.00
1971
 16.70 -3.48 14.60 -3.81
1970
 6.16 -1.56 10.73 -7.59
1969
 -16.07 -19.25 -7.07 -8.33
1968
 18.16 -7.38 5.61 -2.31
1967
 0.28 0.00 4.93 -2.43
1966
 -0.28 -0.28 -0.21 -6.05
1965
 0.42 0.00 4.08 -1.14
1964
 0.28 0.00 7.34 -0.33
1963
 -0.28 -0.28 6.73 -1.03
1962
 -0.42 -0.42 0.34 -6.12
1961
 -2.74 -2.74 7.57 -1.53
1960
 3.55 0.00 8.59 -1.47
1959
 0.00 0.00 1.91 -2.83
1958
 0.00 0.00 9.85 -0.95
1957
 0.14 0.00 1.56 -3.70
1956
 0.14 0.00 0.45 -3.72
1955
 -0.28 -0.28 6.44 -0.66
1954
 -0.70 -0.70 17.99 -1.18
1953
 -8.27 -8.27 0.83 -4.42
1952
 -3.25 -3.25 4.21 -1.76
1951
 -0.62 -0.62 4.78 -2.55
1950
 -0.62 -0.62 9.14 -1.91
1949
 -3.57 -3.57 8.58 -0.97
1948
 -2.33 -2.33 1.89 -3.09
1947
 12.42 0.00 1.53 -1.94
1946
 2.68 0.00 -0.92 -7.07
1945
 2.76 0.00 15.78 -0.88
1944
 -0.68 -0.68 7.97 -0.39
1943
 2.82 0.00 9.97 -2.77
1942
 0.00 0.00 6.45 -3.58
1941
 2.90 0.00 -1.20 -4.99
1940
 -1.43 -1.43 1.87 -7.70
1939
 0.00 0.00 2.79 -3.74
1938
 0.00 0.00 10.37 -7.91
1937
 0.00 0.00 -10.07 -12.18
1936
 0.00 0.00 14.42 -2.08
1935
 0.00 0.00 16.55 -1.39
1934
 8.29 0.00 8.27 -3.11
1933
 56.36 0.00 23.55 -7.04
1932
 0.00 0.00 5.54 -10.85
1931
 0.00 0.00 -17.79 -21.07
1930
 0.00 0.00 -5.90 -10.68
1929
 0.00 0.00 -1.20 -10.34
1928
 0.00 0.00 11.11 -1.64
1927
 0.00 0.00 14.04 -1.26
1926
 0.00 0.00 6.53 -2.18
1925
 0.00 0.00 10.80 -1.86
1924
 0.00 0.00 13.10 -0.48
1923
 0.00 0.00 4.44 -3.38
1922
 0.00 0.00 12.65 -1.45
1921
 0.00 0.00 9.83 -2.12
1920
 0.00 0.00 -5.55 -5.68
1919
 0.00 0.00 5.81 -2.69
1918
 0.00 0.00 7.85 -0.84
1917
 0.00 0.00 -7.65 -7.65
1916
 0.00 0.00 7.39 -0.65
1915
 0.00 0.00 14.08 -0.61
1914
 0.00 0.00 0.88 -4.99
1913
 0.00 0.00 -0.05 -2.01
1912
 0.00 0.00 3.48 -1.15
1911
 0.00 0.00 3.28 -2.93
1910
 0.00 0.00 0.15 -3.13
1909
 0.00 0.00 6.57 -0.53
1908
 0.00 0.00 16.74 -0.51
1907
 0.00 0.00 -8.40 -8.70
1906
 0.00 0.00 0.59 -3.33
1905
 0.00 0.00 7.83 -1.78
1904
 0.00 0.00 12.56 -0.84
1903
 0.00 0.00 -4.67 -7.60
1902
 0.00 0.00 3.24 -2.40
1901
 0.00 0.00 6.47 -2.76
1900
 0.00 0.00 8.45 -1.38
1899
 0.00 0.00 2.72 -2.13
1898
 0.00 0.00 11.99 -4.26
1897
 0.00 0.00 9.70 -0.85
1896
 0.00 0.00 2.87 -5.53
1895
 0.00 0.00 2.80 -4.23
1894
 0.00 0.00 4.58 -1.05
1893
 0.00 0.00 -4.72 -9.21
1892
 0.00 0.00 3.45 -0.93
1891
 0.00 0.00 7.45 -2.60
1890
 0.00 0.00 -1.50 -4.15
1889
 0.00 0.00 5.38 -0.71
1888
 0.00 0.00 4.41 -1.57
1887
 0.00 0.00 -0.36 -4.08
1886
 0.00 0.00 5.02 -1.39
1885
 0.00 0.00 11.99 -0.98
1884
 0.00 0.00 -1.97 -5.63
1883
 0.00 0.00 0.14 -2.08
1882
 0.00 0.00 3.24 -1.91
1881
 0.00 0.00 3.46 -3.20
1880
 0.00 0.00 12.13 -2.30
1879
 -0.10 -0.10 17.34 -0.47
1878
 -2.64 -2.64 7.44 -0.16
1877
 -4.71 -4.71 1.94 -4.81
1876
 -5.27 -5.27 -0.20 -3.96
1875
 1.95 0.00 7.61 -1.41
1874
 1.54 0.00 7.35 -1.45
1873
 -1.94 -1.94 1.49 -7.70
1872
 2.66 0.00 5.32 -2.48
1871
 -1.27 -1.27 8.01 -1.75
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