Gold Portfolio vs Stocks/Bonds 20/80 Momentum Portfolio Portfolio Comparison

Simulation Settings
Period: January 1982 - January 2026 (~44 years)
Consolidated Returns as of 31 January 2026
Initial Amount: 1$
Rebalancing: at every Jan 1st
Currency: USD
Inflation: US
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The minimum date range must be at least 12 months. 'Date To' cannot be beyond January 2026.
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Results
30 Years
(1996/02 - 2026/01)
All Data
(1982/01 - 2026/01)
Inflation Adjusted:
Gold Portfolio
1.00$
Invested Capital
February 1996
10.91$
Final Capital
January 2026
8.29%
Yearly Return
15.98%
Std Deviation
-42.91%
Max Drawdown
107months
Recovery Period
1.00$
Invested Capital
February 1996
5.18$
Final Capital
January 2026
5.63%
Yearly Return
15.98%
Std Deviation
-45.71%
Max Drawdown
158months
Recovery Period
1.00$
Invested Capital
January 1982
11.13$
Final Capital
January 2026
5.62%
Yearly Return
16.01%
Std Deviation
-48.99%
Max Drawdown
275months
Recovery Period
1.00$
Invested Capital
January 1982
3.21$
Final Capital
January 2026
2.68%
Yearly Return
16.01%
Std Deviation
-71.32%
Max Drawdown
322months
Recovery Period
Stocks/Bonds 20/80 Momentum Portfolio
1.00$
Invested Capital
February 1996
5.82$
Final Capital
January 2026
6.05%
Yearly Return
4.97%
Std Deviation
-17.91%
Max Drawdown
40months
Recovery Period
1.00$
Invested Capital
February 1996
2.76$
Final Capital
January 2026
3.44%
Yearly Return
4.97%
Std Deviation
-28.23%
Max Drawdown
61months*
Recovery Period
* in progress
1.00$
Invested Capital
January 1982
31.83$
Final Capital
January 2026
8.17%
Yearly Return
5.49%
Std Deviation
-17.91%
Max Drawdown
40months
Recovery Period
1.00$
Invested Capital
January 1982
9.19$
Final Capital
January 2026
5.16%
Yearly Return
5.49%
Std Deviation
-28.23%
Max Drawdown
61months*
Recovery Period
* in progress

As of January 2026, in the previous 30 Years, the Gold Portfolio obtained a 8.29% compound annual return, with a 15.98% standard deviation. It suffered a maximum drawdown of -42.91% that required 107 months to be recovered.

As of January 2026, in the previous 30 Years, the Stocks/Bonds 20/80 Momentum Portfolio obtained a 6.05% compound annual return, with a 4.97% standard deviation. It suffered a maximum drawdown of -17.91% that required 40 months to be recovered.

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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.

Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

Gold Portfolio
Weight
(%)		 Ticker Name
100.00
GLD
SPDR Gold Trust
Stocks/Bonds 20/80 Momentum Portfolio
Weight
(%)		 Ticker Name
20.00
MTUM
iShares Edge MSCI USA Momentum Fctr
80.00
BND
Vanguard Total Bond Market
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Portfolio Returns as of Jan 31, 2026

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • rebalancing: at every Jan 1st.
  • dividend reinvestment, when applicable.
Return Comparison
Capital Growth
30 Years
(1996/02 - 2026/01)
All Data
(1982/01 - 2026/01)
Inflation Adjusted:
Swipe left to see all data
Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Gold
 1 $ 10.91 $ 991.14% 8.29%
Stocks/Bonds 20/80 Momentum
 1 $ 5.82 $ 482.20% 6.05%
Feb 1996 Jan 2026

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Gold
 1 $ 5.18 $ 417.61% 5.63%
Stocks/Bonds 20/80 Momentum
 1 $ 2.76 $ 176.18% 3.44%
Feb 1996 Jan 2026

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Gold
 1 $ 11.13 $ 1 013.24% 5.62%
Stocks/Bonds 20/80 Momentum
 1 $ 31.83 $ 3 083.19% 8.17%
Jan 1982 Jan 2026

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Gold
 1 $ 3.21 $ 221.22% 2.68%
Stocks/Bonds 20/80 Momentum
 1 $ 9.19 $ 818.51% 5.16%
Jan 1982 Jan 2026

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Return (%) as of Jan 31, 2026
YTD
(1M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~44Y)
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_gold.webp Gold
-- Market Benchmark 		12.27 12.27 46.87 72.09 20.85 15.32 8.29 5.62
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_us_author.webp Stocks/Bonds 20/80 Momentum
-- Market Benchmark 		0.62 0.62 4.07 8.97 2.00 4.60 6.05 8.17
Returns over 1 year are annualized.
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Portfolio Metrics as of Jan 31, 2026

The following metrics, updated as of 31 January 2026, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON
Period: 1 February 2025 - 31 January 2026 (1 year)
Period: 1 February 2021 - 31 January 2026 (5 years)
Period: 1 February 2016 - 31 January 2026 (10 years)
Period: 1 February 1996 - 31 January 2026 (30 years)
Period: 1 January 1982 - 31 January 2026 (~44 years)
1 Year
5 Years
10 Years
30 Years
All (1982/01 - 2026/01)
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Gold Stocks/Bonds 20/80 Momentum
Author
ASSET ALLOCATION
Stocks 0% 20%
Fixed Income 0% 80%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 72.09 8.97
Infl. Adjusted (%) 68.42 6.65
DRAWDOWN
Deepest Drawdown Depth (%) -0.61 -1.47
Start to Recovery (months) 2 3
Longest Drawdown Depth (%) -0.06 -1.47
Start to Recovery (months) 2 3
Longest Negative Period (months) 3 2
RISK INDICATORS
Standard Deviation (%) 14.70 3.49
Sharpe Ratio 4.63 1.40
Sortino Ratio 7.34 1.86
Ulcer Index 0.17 0.43
Ratio: Return / Standard Deviation 4.90 2.57
Ratio: Return / Deepest Drawdown 117.51 6.12
Metrics calculated over the period 1 February 2025 - 31 January 2026
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Gold Stocks/Bonds 20/80 Momentum
Author
ASSET ALLOCATION
Stocks 0% 20%
Fixed Income 0% 80%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 20.85 2.00
Infl. Adjusted (%) 15.72 -2.33
DRAWDOWN
Deepest Drawdown Depth (%) -15.91 -17.91
Start to Recovery (months) 12 40
Longest Drawdown Depth (%) -15.91 -17.91
Start to Recovery (months) 12 40
Longest Negative Period (months) 32 47
RISK INDICATORS
Standard Deviation (%) 14.98 7.38
Sharpe Ratio 1.18 -0.16
Sortino Ratio 1.77 -0.21
Ulcer Index 4.85 8.87
Ratio: Return / Standard Deviation 1.39 0.27
Ratio: Return / Deepest Drawdown 1.31 0.11
Metrics calculated over the period 1 February 2021 - 31 January 2026
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Gold Stocks/Bonds 20/80 Momentum
Author
ASSET ALLOCATION
Stocks 0% 20%
Fixed Income 0% 80%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 15.32 4.60
Infl. Adjusted (%) 11.73 1.34
DRAWDOWN
Deepest Drawdown Depth (%) -18.08 -17.91
Start to Recovery (months) 40 40
Longest Drawdown Depth (%) -18.08 -17.91
Start to Recovery (months) 40 40
Longest Negative Period (months) 39 53
RISK INDICATORS
Standard Deviation (%) 14.51 6.18
Sharpe Ratio 0.91 0.41
Sortino Ratio 1.39 0.54
Ulcer Index 6.38 6.35
Ratio: Return / Standard Deviation 1.06 0.74
Ratio: Return / Deepest Drawdown 0.85 0.26
Metrics calculated over the period 1 February 2016 - 31 January 2026
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Gold Stocks/Bonds 20/80 Momentum
Author
ASSET ALLOCATION
Stocks 0% 20%
Fixed Income 0% 80%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 8.29 6.05
Infl. Adjusted (%) 5.63 3.44
DRAWDOWN
Deepest Drawdown Depth (%) -42.91 -17.91
Start to Recovery (months) 107 40
Longest Drawdown Depth (%) -42.91 -17.91
Start to Recovery (months) 107 40
Longest Negative Period (months) 145 53
RISK INDICATORS
Standard Deviation (%) 15.98 4.97
Sharpe Ratio 0.38 0.77
Sortino Ratio 0.56 1.01
Ulcer Index 20.46 3.85
Ratio: Return / Standard Deviation 0.52 1.22
Ratio: Return / Deepest Drawdown 0.19 0.34
Metrics calculated over the period 1 February 1996 - 31 January 2026
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Gold Stocks/Bonds 20/80 Momentum
Author
ASSET ALLOCATION
Stocks 0% 20%
Fixed Income 0% 80%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 5.62 8.17
Infl. Adjusted (%) 2.68 5.16
DRAWDOWN
Deepest Drawdown Depth (%) -48.99 -17.91
Start to Recovery (months) 275 40
Longest Drawdown Depth (%) -48.99 -17.91
Start to Recovery (months) 275 40
Longest Negative Period (months) 274 53
RISK INDICATORS
Standard Deviation (%) 16.01 5.49
Sharpe Ratio 0.13 0.83
Sortino Ratio 0.19 1.14
Ulcer Index 25.17 3.31
Ratio: Return / Standard Deviation 0.35 1.49
Ratio: Return / Deepest Drawdown 0.11 0.46
Metrics calculated over the period 1 January 1982 - 31 January 2026
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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 February 1996 - 31 January 2026 (30 years)
Period: 1 January 1982 - 31 January 2026 (~44 years)
30 Years
(1996/02 - 2026/01)

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Gold Stocks/Bonds 20/80 Momentum
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
-18.08 40 Aug 2020
Nov 2023
-17.91 40 Nov 2021
Feb 2025
-9.00 20 Jan 2008
Aug 2009
-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
-6.38 3 Jan 2011
Mar 2011
-5.22 4 Jun 2009
Sep 2009
-5.09 2 Jul 2010
Aug 2010
-4.90 3 Jan 2004
Mar 2004
-4.49 3 Nov 2024
Jan 2025

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Gold Stocks/Bonds 20/80 Momentum
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-48.99 275 Feb 1983
Dec 2005
-42.91 107 Sep 2011
Jul 2020
-25.83 15 Mar 2008
May 2009
-20.13 8 Jan 1982
Aug 1982
-18.08 40 Aug 2020
Nov 2023
-17.91 40 Nov 2021
Feb 2025
-9.00 20 Jan 2008
Aug 2009
-8.63 10 May 2006
Feb 2007
-8.37 6 Dec 2009
May 2010
-6.53 6 Sep 1987
Feb 1988
-6.38 3 Jan 2011
Mar 2011
-5.47 7 Feb 1984
Aug 1984
-5.46 13 Feb 1994
Feb 1995
-5.22 4 Jun 2009
Sep 2009
-5.09 2 Jul 2010
Aug 2010

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 1982 - 31 January 2026 (~44 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 Stocks/Bonds 20/80 Momentum
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2026
 12.27 0.00 0.62 0.00
2025
 63.68 -0.61 10.10 -1.47
2024
 26.66 -4.49 7.68 -3.12
2023
 12.69 -7.22 6.16 -5.43
2022
 -0.77 -15.91 -14.14 -17.00
2021
 -4.15 -10.32 1.18 -2.95
2020
 24.81 -10.12 12.14 -3.46
2019
 17.86 -4.10 12.52 -0.69
2018
 -1.94 -11.66 -0.42 -3.12
2017
 12.81 -4.09 10.35 0.00
2016
 8.03 -15.02 3.02 -3.64
2015
 -10.67 -17.81 2.23 -1.48
2014
 -2.19 -12.44 7.58 -0.83
2013
 -28.33 -28.33 5.23 -2.48
2012
 6.60 -10.45 5.51 -0.69
2011
 9.57 -14.48 7.52 -0.70
2010
 29.27 -5.09 8.56 -0.70
2009
 24.03 -7.20 6.40 -6.03
2008
 4.92 -25.83 -2.70 -9.00
2007
 30.45 -4.20 9.07 -0.41
2006
 22.55 -8.63 5.53 -1.33
2005
 17.76 -4.91 5.74 -1.35
2004
 4.65 -8.31 6.73 -2.37
2003
 19.89 -8.88 8.38 -2.29
2002
 25.57 -6.72 4.15 -1.79
2001
 0.75 -6.10 3.27 -2.01
2000
 -5.44 -9.93 7.19 -1.52
1999
 0.85 -11.47 7.48 -1.73
1998
 -0.83 -12.01 16.62 -1.24
1997
 -21.41 -21.41 14.93 -1.81
1996
 -4.59 -8.95 8.83 -1.37
1995
 0.98 -2.46 23.01 0.00
1994
 -2.17 -3.91 -2.34 -5.46
1993
 17.68 -11.51 10.39 -0.92
1992
 -5.73 -6.97 6.58 -1.69
1991
 -8.56 -10.05 19.58 -0.95
1990
 -3.11 -15.14 7.22 -2.90
1989
 -2.84 -12.30 19.47 -0.82
1988
 -15.26 -18.05 7.30 -2.80
1987
 24.53 -1.97 1.70 -6.53
1986
 18.96 -8.14 16.62 -3.15
1985
 6.00 -6.67 24.27 -1.28
1984
 -19.38 -21.80 11.85 -5.47
1983
 -16.31 -23.52 7.57 -3.28
1982
 14.94 -20.13 31.00 -1.71
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