Gold Portfolio vs Roger Gibson Talmud Portfolio Portfolio Comparison

Simulation Settings
Period: January 1928 - April 2025 (~97 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 1928)
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 1928
146.37$
Final Capital
April 2025
5.26%
Yearly Return
15.91%
Std Deviation
-61.78%
Max Drawdown
319months
Recovery Period
1.00$
Initial Capital
January 1928
7.92$
Final Capital
April 2025
2.15%
Yearly Return
15.91%
Std Deviation
-82.52%
Max Drawdown
542months
Recovery Period
Roger Gibson Talmud Portfolio
1.00$
Initial Capital
May 1995
11.45$
Final Capital
April 2025
8.47%
Yearly Return
10.94%
Std Deviation
-40.17%
Max Drawdown
41months
Recovery Period
1.00$
Initial Capital
May 1995
5.44$
Final Capital
April 2025
5.81%
Yearly Return
10.94%
Std Deviation
-42.21%
Max Drawdown
49months
Recovery Period
1.00$
Initial Capital
January 1928
1.4K$
Final Capital
April 2025
7.76%
Yearly Return
12.34%
Std Deviation
-57.05%
Max Drawdown
89months
Recovery Period
1.00$
Initial Capital
January 1928
78.34$
Final Capital
April 2025
4.58%
Yearly Return
12.34%
Std Deviation
-45.76%
Max Drawdown
46months
Recovery Period

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 Roger Gibson Talmud Portfolio obtained a 8.47% compound annual return, with a 10.94% standard deviation. It suffered a maximum drawdown of -40.17% that required 41 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.

Gold Portfolio
Weight
(%)		 Ticker Name
100.00
GLD
SPDR Gold Trust
Roger Gibson Talmud Portfolio
Weight
(%)		 Ticker Name
33.34
VTI
Vanguard Total Stock Market
33.33
VNQ
Vanguard Real Estate
33.33
BND
Vanguard Total Bond Market
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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 1928 - 30 April 2025 (~97 years)
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Return (%) as of Apr 30, 2025
YTD
(4M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~97Y)
//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 5.26
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_roger_gibson.webp Talmud Portfolio
Roger Gibson 		-0.72 -0.93 -1.15 11.83 7.35 6.37 8.47 7.76
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).

Roger Gibson Talmud Portfolio: an investment of 1$, since May 1995, now would be worth 11.45$, with a total return of 1045.13% (8.47% annualized).


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Gold Portfolio: an investment of 1$, since January 1928, now would be worth 146.37$, with a total return of 14537.01% (5.26% annualized).

Roger Gibson Talmud Portfolio: an investment of 1$, since January 1928, now would be worth 1447.09$, with a total return of 144609.43% (7.76% 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 1928 - 30 April 2025 (~97 years)
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Gold Talmud Portfolio
Author Roger Gibson
ASSET ALLOCATION
Stocks 0% 66.67%
Fixed Income 0% 33.33%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 43.38 11.83
Infl. Adjusted Return (%) 40.46 9.56
DRAWDOWN
Deepest Drawdown Depth (%) -4.49 -5.09
Start to Recovery (months) 3 5*
Longest Drawdown Depth (%) -4.49 -5.09
Start to Recovery (months) 3 5*
Longest Negative Period (months) 3 8*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 12.01 9.47
Sharpe Ratio 3.21 0.74
Sortino Ratio 4.47 0.94
Ulcer Index 1.52 2.43
Ratio: Return / Standard Deviation 3.61 1.25
Ratio: Return / Deepest Drawdown 9.66 2.32
Metrics calculated over the period 1 May 2024 - 30 April 2025
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Gold Talmud Portfolio
Author Roger Gibson
ASSET ALLOCATION
Stocks 0% 66.67%
Fixed Income 0% 33.33%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 13.85 7.35
Infl. Adjusted Return (%) 8.91 2.70
DRAWDOWN
Deepest Drawdown Depth (%) -18.08 -22.88
Start to Recovery (months) 40 32
Longest Drawdown Depth (%) -18.08 -22.88
Start to Recovery (months) 40 32
Longest Negative Period (months) 39 35
RISK INDICATORS
Standard Deviation (%) 14.73 12.94
Sharpe Ratio 0.77 0.37
Sortino Ratio 1.14 0.50
Ulcer Index 6.97 9.89
Ratio: Return / Standard Deviation 0.94 0.57
Ratio: Return / Deepest Drawdown 0.77 0.32
Metrics calculated over the period 1 May 2020 - 30 April 2025
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Gold Talmud Portfolio
Author Roger Gibson
ASSET ALLOCATION
Stocks 0% 66.67%
Fixed Income 0% 33.33%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 10.35 6.37
Infl. Adjusted Return (%) 7.06 3.20
DRAWDOWN
Deepest Drawdown Depth (%) -18.08 -22.88
Start to Recovery (months) 40 32
Longest Drawdown Depth (%) -18.08 -22.88
Start to Recovery (months) 40 32
Longest Negative Period (months) 41 35
RISK INDICATORS
Standard Deviation (%) 14.10 11.59
Sharpe Ratio 0.61 0.40
Sortino Ratio 0.91 0.53
Ulcer Index 6.65 7.39
Ratio: Return / Standard Deviation 0.73 0.55
Ratio: Return / Deepest Drawdown 0.57 0.28
Metrics calculated over the period 1 May 2015 - 30 April 2025
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Gold Talmud Portfolio
Author Roger Gibson
ASSET ALLOCATION
Stocks 0% 66.67%
Fixed Income 0% 33.33%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 7.06 8.47
Infl. Adjusted Return (%) 4.44 5.81
DRAWDOWN
Deepest Drawdown Depth (%) -42.91 -40.17
Start to Recovery (months) 107 41
Longest Drawdown Depth (%) -42.91 -40.17
Start to Recovery (months) 107 41
Longest Negative Period (months) 145 65
RISK INDICATORS
Standard Deviation (%) 15.69 10.94
Sharpe Ratio 0.31 0.57
Sortino Ratio 0.45 0.73
Ulcer Index 20.47 7.45
Ratio: Return / Standard Deviation 0.45 0.77
Ratio: Return / Deepest Drawdown 0.16 0.21
Metrics calculated over the period 1 May 1995 - 30 April 2025
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Gold Talmud Portfolio
Author Roger Gibson
ASSET ALLOCATION
Stocks 0% 66.67%
Fixed Income 0% 33.33%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 5.26 7.76
Infl. Adjusted Return (%) 2.15 4.58
DRAWDOWN
Deepest Drawdown Depth (%) -61.78 -57.05
Start to Recovery (months) 319 89
Longest Drawdown Depth (%) -61.78 -57.05
Start to Recovery (months) 319 89
Longest Negative Period (months) 433 160
RISK INDICATORS
Standard Deviation (%) 15.91 12.34
Sharpe Ratio 0.12 0.36
Sortino Ratio 0.21 0.49
Ulcer Index 26.44 10.05
Ratio: Return / Standard Deviation 0.33 0.63
Ratio: Return / Deepest Drawdown 0.09 0.14
Metrics calculated over the period 1 January 1928 - 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 1928 - 30 April 2025 (~97 years)

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Gold Talmud Portfolio
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-42.91 107 Sep 2011
Jul 2020
-40.17 41 Jun 2007
Oct 2010
-37.17 95 Feb 1996
Dec 2003
-25.83 15 Mar 2008
May 2009
-22.88 32 Jan 2022
Aug 2024
-18.08 40 Aug 2020
Nov 2023
-15.16 7 Feb 2020
Aug 2020
-10.50 8 Jun 2011
Jan 2012
-10.43 6 Jul 1998
Dec 1998
-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
-8.26 14 Apr 2002
May 2003
-7.57 6 Sep 2018
Feb 2019

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Gold Talmud Portfolio
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-61.78 319 Oct 1980
Apr 2007
-57.05 89 Sep 1929
Jan 1937
-44.24 43 Jan 1975
Jul 1978
-42.91 107 Sep 2011
Jul 2020
-40.17 41 Jun 2007
Oct 2010
-29.48 67 Aug 1937
Feb 1943
-25.83 15 Mar 2008
May 2009
-25.53 38 Dec 1972
Jan 1976
-24.27 5 Feb 1980
Jun 1980
-22.88 32 Jan 2022
Aug 2024
-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

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 1928 - 30 April 2025 (~97 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 Talmud Portfolio
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 25.46 0.00 -0.72 -3.70
2024
 26.66 -4.49 10.00 -4.87
2023
 12.69 -7.22 14.42 -9.16
2022
 -0.77 -15.91 -19.62 -22.88
2021
 -4.15 -10.32 21.44 -3.93
2020
 24.81 -10.12 8.02 -15.16
2019
 17.86 -4.10 22.79 -1.65
2018
 -1.94 -11.66 -3.78 -7.57
2017
 12.81 -4.09 9.90 -0.80
2016
 8.03 -15.02 7.99 -4.84
2015
 -10.67 -17.81 1.11 -5.69
2014
 -2.19 -12.44 16.24 -3.05
2013
 -28.33 -28.33 11.22 -4.74
2012
 6.60 -10.45 12.41 -3.41
2011
 9.57 -14.48 5.83 -10.50
2010
 29.27 -5.09 17.33 -7.24
2009
 24.03 -7.20 20.87 -18.28
2008
 4.92 -25.83 -22.37 -28.90
2007
 30.45 -4.20 -1.40 -7.11
2006
 22.55 -8.63 18.42 -3.01
2005
 17.76 -4.91 6.88 -3.47
2004
 4.65 -8.31 15.93 -6.69
2003
 19.89 -8.88 23.46 -1.81
2002
 25.57 -6.72 -2.82 -8.26
2001
 0.75 -6.10 3.27 -5.08
2000
 -5.44 -9.93 9.05 -4.13
1999
 0.85 -11.47 6.34 -4.64
1998
 -0.83 -12.01 5.18 -10.43
1997
 -21.41 -21.41 19.74 -1.89
1996
 -4.59 -8.95 19.46 -1.65
1995
 0.98 -2.46 22.03 -0.94
1994
 -2.17 -3.91 -3.74 -8.67
1993
 17.68 -11.51 13.33 -2.90
1992
 -5.73 -6.97 10.28 -1.73
1991
 -8.56 -10.05 27.78 -2.56
1990
 -3.11 -15.14 -4.26 -10.14
1989
 -2.84 -12.30 16.87 -1.33
1988
 -15.26 -18.05 12.71 -1.50
1987
 24.53 -1.97 0.17 -15.52
1986
 18.96 -8.14 16.28 -3.57
1985
 6.00 -6.67 24.20 -2.28
1984
 -19.38 -21.80 12.71 -4.02
1983
 -16.31 -23.52 19.51 -2.63
1982
 14.94 -20.13 24.41 -3.38
1981
 -32.60 -32.60 3.76 -8.59
1980
 15.19 -24.27 20.13 -9.71
1979
 126.55 -4.46 21.82 -8.78
1978
 37.01 -20.28 6.65 -7.13
1977
 22.64 -4.00 6.70 -1.95
1976
 -4.10 -25.85 29.26 -1.67
1975
 -24.80 -25.92 21.49 -7.79
1974
 66.15 -16.62 -14.51 -20.06
1973
 72.96 -20.49 -9.74 -10.13
1972
 49.02 -6.88 9.45 -2.27
1971
 16.70 -3.48 10.45 -6.96
1970
 6.16 -1.56 10.08 -12.17
1969
 -16.07 -19.25 -1.80 -6.18
1968
 18.16 -7.38 6.81 -3.69
1967
 0.28 0.00 9.72 -3.90
1966
 -0.28 -0.28 -0.84 -8.95
1965
 0.42 0.00 5.52 -3.72
1964
 0.28 0.00 7.19 -1.30
1963
 -0.28 -0.28 8.31 -2.46
1962
 -0.42 -0.42 -1.20 -12.80
1961
 -2.74 -2.74 9.75 -2.91
1960
 3.55 0.00 4.91 -4.48
1959
 0.00 0.00 3.73 -4.97
1958
 0.00 0.00 14.22 -2.11
1957
 0.14 0.00 0.45 -7.30
1956
 0.14 0.00 2.62 -6.16
1955
 -0.28 -0.28 8.32 -3.92
1954
 -0.70 -0.70 18.11 -3.79
1953
 -8.27 -8.27 5.28 -3.00
1952
 -3.25 -3.25 6.76 -3.14
1951
 -0.62 -0.62 8.95 -5.14
1950
 -0.62 -0.62 11.28 -4.60
1949
 -3.57 -3.57 8.15 -4.52
1948
 -2.33 -2.33 2.34 -7.33
1947
 12.42 0.00 8.22 -2.39
1946
 2.68 0.00 6.18 -10.61
1945
 2.76 0.00 18.38 -3.34
1944
 -0.68 -0.68 13.36 -1.14
1943
 2.82 0.00 13.94 -7.79
1942
 0.00 0.00 7.12 -9.40
1941
 2.90 0.00 -5.41 -8.93
1940
 -1.43 -1.43 0.15 -15.43
1939
 0.00 0.00 1.38 -9.87
1938
 0.00 0.00 10.63 -18.12
1937
 0.00 0.00 -10.14 -17.27
1936
 0.00 0.00 13.80 -5.89
1935
 0.00 0.00 19.99 -8.97
1934
 8.29 0.00 4.17 -10.97
1933
 56.36 0.00 18.79 -17.83
1932
 0.00 0.00 -2.29 -28.97
1931
 0.00 0.00 -18.11 -28.11
1930
 0.00 0.00 -8.30 -19.91
1929
 0.00 0.00 -3.04 -22.74
1928
 0.00 0.00 13.08 -4.68
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Mastering ETF Investing
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