Gold Portfolio vs Ray Dalio All Weather Portfolio To EUR Hedged Portfolio Comparison

Simulation Settings
Period: January 1950 - April 2025 (~75 years)
Consolidated Returns as of 30 April 2025
Rebalancing: at every Jan 1st
Currency: USD
Inflation: US
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Results
30 Years
All (since January 1950)
Inflation Adjusted:
Gold Portfolio
1.00$
Initial Capital
May 1995
7.75$
Final Capital
April 2025
7.06%
Yearly Return
15.69%
Std Deviation
-42.91%
Max Drawdown
107months
Recovery Period
1.00$
Initial Capital
May 1995
3.68$
Final Capital
April 2025
4.44%
Yearly Return
15.69%
Std Deviation
-45.71%
Max Drawdown
158months
Recovery Period
1.00$
Initial Capital
January 1950
74.70$
Final Capital
April 2025
5.89%
Yearly Return
16.78%
Std Deviation
-61.78%
Max Drawdown
319months
Recovery Period
1.00$
Initial Capital
January 1950
5.52$
Final Capital
April 2025
2.29%
Yearly Return
16.78%
Std Deviation
-82.52%
Max Drawdown
542months
Recovery Period
Ray Dalio All Weather Portfolio To EUR Hedged
1.00€
Initial Capital
May 1995
6.75€
Final Capital
April 2025
6.57%
Yearly Return
7.34%
Std Deviation
-23.92%
Max Drawdown
40months*
Recovery Period
* in progress
1.00€
Initial Capital
May 1995
3.70€
Final Capital
April 2025
4.45%
Yearly Return
7.34%
Std Deviation
-33.12%
Max Drawdown
44months*
Recovery Period
* in progress
1.00€
Initial Capital
January 1950
225.56€
Final Capital
April 2025
7.46%
Yearly Return
7.20%
Std Deviation
-23.92%
Max Drawdown
40months*
Recovery Period
* in progress
1.00€
Initial Capital
January 1950
31.61€
Final Capital
April 2025
4.69%
Yearly Return
7.20%
Std Deviation
-33.12%
Max Drawdown
44months*
Recovery Period
* in progress

As of April 2025, in the previous 30 Years, the Gold Portfolio obtained a 7.06% compound annual return, with a 15.69% standard deviation. It suffered a maximum drawdown of -42.91% that required 107 months to be recovered.

As of April 2025, in the previous 30 Years, the Ray Dalio All Weather Portfolio To EUR Hedged obtained a 6.57% compound annual return, with a 7.34% standard deviation. It suffered a maximum drawdown of -23.92% which has been ongoing for 40 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 To EUR Hedged
Weight
(%)		 ETF
Ticker		 Name
30.00
XD9E.DE
Xtrackers MSCI USA EUR Hedged
40.00
IUSV.DE
iShares USD Treasury Bond 20+yr EUR Hedged
15.00
CBUE.DE
iShares USD Treasury Bond 3-7yr Eur Hedged
7.50
BCFE.DE
UBS CMCI Composite SF Eur Hedged
7.50
GBSE
WisdomTree Physical Gold EUR Hedged
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Portfolio Returns as of Apr 30, 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 1950 - 30 April 2025 (~75 years)
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Return (%) as of Apr 30, 2025
YTD
(4M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~75Y)
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_gold.webp Gold
-- Market Benchmark 		25.46 5.42 19.83 43.38 13.85 10.35 7.06 5.89
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_ray_dalio.webp All Weather Portfolio • Hedged
Ray Dalio 		1.43 -0.41 0.50 8.30 0.95 2.92 6.57 7.46
Return over 1 year are annualized.
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Capital Growth as of Apr 30, 2025

Gold Portfolio: an investment of 1$, since May 1995, now would be worth 7.75$, with a total return of 675.13% (7.06% annualized).

Ray Dalio All Weather Portfolio To EUR Hedged: an investment of 1€, since May 1995, now would be worth 6.75€, with a total return of 575.49% (6.57% annualized).


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Gold Portfolio: an investment of 1$, since January 1950, now would be worth 74.70$, with a total return of 7370.09% (5.89% annualized).

Ray Dalio All Weather Portfolio To EUR Hedged: an investment of 1€, since January 1950, now would be worth 225.56€, with a total return of 22456.49% (7.46% annualized).


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Portfolio Metrics as of Apr 30, 2025

The following metrics, updated as of 30 April 2025, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON
Period: 1 May 2024 - 30 April 2025 (1 year)
Period: 1 May 2020 - 30 April 2025 (5 years)
Period: 1 May 2015 - 30 April 2025 (10 years)
Period: 1 May 1995 - 30 April 2025 (30 years)
Period: 1 January 1950 - 30 April 2025 (~75 years)
Swipe left to see all data
Gold All Weather Portfolio To EUR Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 0% 30%
Fixed Income 0% 55%
Commodities 100% 15%
PERFORMANCES
Annualized Return (%) 43.38 8.30
Infl. Adjusted Return (%) 40.46 6.60
DRAWDOWN
Deepest Drawdown Depth (%) -4.49 -3.19
Start to Recovery (months) 3 7*
Longest Drawdown Depth (%) -4.49 -3.19
Start to Recovery (months) 3 7*
Longest Negative Period (months) 3 7*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 12.01 6.50
Sharpe Ratio 3.21 0.54
Sortino Ratio 4.47 0.67
Ulcer Index 1.52 1.30
Ratio: Return / Standard Deviation 3.61 1.28
Ratio: Return / Deepest Drawdown 9.66 2.60
Metrics calculated over the period 1 May 2024 - 30 April 2025
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Gold All Weather Portfolio To EUR Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 0% 30%
Fixed Income 0% 55%
Commodities 100% 15%
PERFORMANCES
Annualized Return (%) 13.85 0.95
Infl. Adjusted Return (%) 8.91 -2.90
DRAWDOWN
Deepest Drawdown Depth (%) -18.08 -23.92
Start to Recovery (months) 40 40*
Longest Drawdown Depth (%) -18.08 -23.92
Start to Recovery (months) 40 40*
Longest Negative Period (months) 39 57*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 14.73 9.82
Sharpe Ratio 0.77 -0.16
Sortino Ratio 1.14 -0.22
Ulcer Index 6.97 11.98
Ratio: Return / Standard Deviation 0.94 0.10
Ratio: Return / Deepest Drawdown 0.77 0.04
Metrics calculated over the period 1 May 2020 - 30 April 2025
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Gold All Weather Portfolio To EUR Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 0% 30%
Fixed Income 0% 55%
Commodities 100% 15%
PERFORMANCES
Annualized Return (%) 10.35 2.92
Infl. Adjusted Return (%) 7.06 0.44
DRAWDOWN
Deepest Drawdown Depth (%) -18.08 -23.92
Start to Recovery (months) 40 40*
Longest Drawdown Depth (%) -18.08 -23.92
Start to Recovery (months) 40 40*
Longest Negative Period (months) 41 57*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 14.10 8.07
Sharpe Ratio 0.61 0.14
Sortino Ratio 0.91 0.20
Ulcer Index 6.65 8.71
Ratio: Return / Standard Deviation 0.73 0.36
Ratio: Return / Deepest Drawdown 0.57 0.12
Metrics calculated over the period 1 May 2015 - 30 April 2025
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Gold All Weather Portfolio To EUR Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 0% 30%
Fixed Income 0% 55%
Commodities 100% 15%
PERFORMANCES
Annualized Return (%) 7.06 6.57
Infl. Adjusted Return (%) 4.44 4.45
DRAWDOWN
Deepest Drawdown Depth (%) -42.91 -23.92
Start to Recovery (months) 107 40*
Longest Drawdown Depth (%) -42.91 -23.92
Start to Recovery (months) 107 40*
Longest Negative Period (months) 145 57*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 15.69 7.34
Sharpe Ratio 0.31 0.59
Sortino Ratio 0.45 0.78
Ulcer Index 20.47 5.39
Ratio: Return / Standard Deviation 0.45 0.90
Ratio: Return / Deepest Drawdown 0.16 0.27
Metrics calculated over the period 1 May 1995 - 30 April 2025
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Gold All Weather Portfolio To EUR Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 0% 30%
Fixed Income 0% 55%
Commodities 100% 15%
PERFORMANCES
Annualized Return (%) 5.89 7.46
Infl. Adjusted Return (%) 2.29 4.69
DRAWDOWN
Deepest Drawdown Depth (%) -61.78 -23.92
Start to Recovery (months) 319 40*
Longest Drawdown Depth (%) -61.78 -23.92
Start to Recovery (months) 319 40*
Longest Negative Period (months) 329 68
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 16.78 7.20
Sharpe Ratio 0.11 0.47
Sortino Ratio 0.18 0.66
Ulcer Index 29.48 4.41
Ratio: Return / Standard Deviation 0.35 1.04
Ratio: Return / Deepest Drawdown 0.10 0.31
Metrics calculated over the period 1 January 1950 - 30 April 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 May 1995 - 30 April 2025 (30 years)
Period: 1 January 1950 - 30 April 2025 (~75 years)

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Gold All Weather Portfolio To EUR Hedged
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
-23.92 40* Jan 2022
In progress
-18.08 40 Aug 2020
Nov 2023
-11.36 9 Jan 2009
Sep 2009
-10.77 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
-7.11 17 Feb 2015
Jun 2016
-6.69 13 Aug 2016
Aug 2017
-6.41 14 Feb 2018
Mar 2019
-6.38 3 Jan 2011
Mar 2011

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Gold All Weather Portfolio To EUR Hedged
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
-25.83 15 Mar 2008
May 2009
-24.27 5 Feb 1980
Jun 1980
-23.92 40* 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
-18.08 40 Aug 2020
Nov 2023
-17.96 23 Dec 1980
Oct 1982
-16.62 8 Apr 1974
Nov 1974
-15.12 29 Sep 1968
Jan 1971
-13.21 221 Jan 1950
May 1968
-12.28 12 Mar 1974
Feb 1975

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 1950 - 30 April 2025 (~75 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 To EUR Hedged
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 25.46 0.00 1.43 -1.22
2024
 26.66 -4.49 4.95 -3.29
2023
 12.69 -7.22 7.48 -9.47
2022
 -0.77 -15.91 -20.52 -22.26
2021
 -4.15 -10.32 7.00 -4.48
2020
 24.81 -10.12 14.85 -3.46
2019
 17.86 -4.10 14.28 -1.05
2018
 -1.94 -11.66 -5.10 -6.41
2017
 12.81 -4.09 9.32 -0.64
2016
 8.03 -15.02 5.57 -6.69
2015
 -10.67 -17.81 -3.89 -7.11
2014
 -2.19 -12.44 12.56 -2.54
2013
 -28.33 -28.33 1.70 -5.38
2012
 6.60 -10.45 7.42 -1.31
2011
 9.57 -14.48 16.50 -1.94
2010
 29.27 -5.09 13.44 -0.65
2009
 24.03 -7.20 3.45 -11.36
2008
 4.92 -25.83 4.10 -10.77
2007
 30.45 -4.20 10.37 -1.46
2006
 22.55 -8.63 4.37 -2.74
2005
 17.76 -4.91 6.99 -3.31
2004
 4.65 -8.31 9.78 -4.70
2003
 19.89 -8.88 14.95 -4.63
2002
 25.57 -6.72 9.11 -1.36
2001
 0.75 -6.10 -2.55 -4.72
2000
 -5.44 -9.93 7.59 -2.69
1999
 0.85 -11.47 3.64 -3.95
1998
 -0.83 -12.01 9.91 -5.02
1997
 -21.41 -21.41 12.23 -3.07
1996
 -4.59 -8.95 7.36 -2.49
1995
 0.98 -2.46 27.04 0.00
1994
 -2.17 -3.91 -1.75 -5.84
1993
 17.68 -11.51 17.03 -1.71
1992
 -5.73 -6.97 12.69 -1.05
1991
 -8.56 -10.05 21.60 -1.64
1990
 -3.11 -15.14 3.69 -5.66
1989
 -2.84 -12.30 17.61 -1.45
1988
 -15.26 -18.05 7.43 -2.46
1987
 24.53 -1.97 1.54 -9.34
1986
 18.96 -8.14 19.04 -3.80
1985
 6.00 -6.67 25.64 -2.33
1984
 -19.38 -21.80 3.14 -8.07
1983
 -16.31 -23.52 3.11 -4.60
1982
 14.94 -20.13 26.66 -3.95
1981
 -32.60 -32.60 -10.25 -16.80
1980
 15.19 -24.27 5.64 -11.90
1979
 126.55 -4.46 12.78 -7.15
1978
 37.01 -20.28 2.49 -4.47
1977
 22.64 -4.00 0.59 -2.85
1976
 -4.10 -25.85 14.89 -1.20
1975
 -24.80 -25.92 12.43 -5.48
1974
 66.15 -16.62 -0.02 -12.28
1973
 72.96 -20.49 5.94 -2.85
1972
 49.02 -6.88 14.33 -0.07
1971
 16.70 -3.48 16.25 -3.36
1970
 6.16 -1.56 12.27 -7.31
1969
 -16.07 -19.25 -9.33 -9.68
1968
 18.16 -7.38 3.17 -2.59
1967
 0.28 0.00 4.57 -2.47
1966
 -0.28 -0.28 0.22 -5.81
1965
 0.42 0.00 4.41 -1.11
1964
 0.28 0.00 7.59 -0.31
1963
 -0.28 -0.28 7.31 -0.97
1962
 -0.42 -0.42 1.34 -5.86
1961
 -2.74 -2.74 9.61 -1.37
1960
 3.55 0.00 10.60 -1.41
1959
 0.00 0.00 2.42 -2.84
1958
 0.00 0.00 12.38 -0.77
1957
 0.14 0.00 3.48 -3.03
1956
 0.14 0.00 3.19 -2.97
1955
 -0.28 -0.28 8.68 -0.46
1954
 -0.70 -0.70 20.92 -0.98
1953
 -8.27 -8.27 3.22 -3.19
1952
 -3.25 -3.25 8.33 -1.22
1951
 -0.62 -0.62 9.78 -1.68
1950
 -0.62 -0.62 12.97 -1.66
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