Gold Portfolio vs Developed World ex-US 60/40 Portfolio Portfolio Comparison

Simulation Settings
Period: January 1985 - April 2025 (~40 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 1985)
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 1985
9.80$
Final Capital
April 2025
5.82%
Yearly Return
15.09%
Std Deviation
-48.26%
Max Drawdown
217months
Recovery Period
1.00$
Initial Capital
January 1985
3.23$
Final Capital
April 2025
2.95%
Yearly Return
15.09%
Std Deviation
-65.71%
Max Drawdown
242months
Recovery Period
Developed World ex-US 60/40 Portfolio
1.00$
Initial Capital
May 1995
5.20$
Final Capital
April 2025
5.65%
Yearly Return
10.18%
Std Deviation
-37.49%
Max Drawdown
42months
Recovery Period
1.00$
Initial Capital
May 1995
2.47$
Final Capital
April 2025
3.06%
Yearly Return
10.18%
Std Deviation
-38.52%
Max Drawdown
66months
Recovery Period
1.00$
Initial Capital
January 1985
21.70$
Final Capital
April 2025
7.93%
Yearly Return
10.91%
Std Deviation
-37.49%
Max Drawdown
42months
Recovery Period
1.00$
Initial Capital
January 1985
7.16$
Final Capital
April 2025
5.00%
Yearly Return
10.91%
Std Deviation
-38.52%
Max Drawdown
66months
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 Developed World ex-US 60/40 Portfolio obtained a 5.65% compound annual return, with a 10.18% standard deviation. It suffered a maximum drawdown of -37.49% that required 42 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
Developed World ex-US 60/40 Portfolio
Weight
(%)		 Ticker Name
60.00
VEA
Vanguard FTSE Developed Markets
40.00
BNDX
Vanguard Total International Bond
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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 1985 - 30 April 2025 (~40 years)
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Return (%) as of Apr 30, 2025
YTD
(4M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~40Y)
//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 5.82
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_world.webp Developed World ex-US 60/40
-- Market Benchmark 		7.30 3.13 5.64 10.32 6.77 4.30 5.65 7.93
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).

Developed World ex-US 60/40 Portfolio: an investment of 1$, since May 1995, now would be worth 5.20$, with a total return of 420.46% (5.65% annualized).


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Gold Portfolio: an investment of 1$, since January 1985, now would be worth 9.80$, with a total return of 879.91% (5.82% annualized).

Developed World ex-US 60/40 Portfolio: an investment of 1$, since January 1985, now would be worth 21.70$, with a total return of 2069.70% (7.93% 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 1985 - 30 April 2025 (~40 years)
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Gold Developed World ex-US 60/40
Author
ASSET ALLOCATION
Stocks 0% 60%
Fixed Income 0% 40%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 43.38 10.32
Infl. Adjusted Return (%) 40.46 8.08
DRAWDOWN
Deepest Drawdown Depth (%) -4.49 -4.95
Start to Recovery (months) 3 7
Longest Drawdown Depth (%) -4.49 -4.95
Start to Recovery (months) 3 7
Longest Negative Period (months) 3 7
RISK INDICATORS
Standard Deviation (%) 12.01 7.23
Sharpe Ratio 3.21 0.76
Sortino Ratio 4.47 0.95
Ulcer Index 1.52 1.98
Ratio: Return / Standard Deviation 3.61 1.43
Ratio: Return / Deepest Drawdown 9.66 2.08
Metrics calculated over the period 1 May 2024 - 30 April 2025
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Gold Developed World ex-US 60/40
Author
ASSET ALLOCATION
Stocks 0% 60%
Fixed Income 0% 40%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 13.85 6.77
Infl. Adjusted Return (%) 8.91 2.14
DRAWDOWN
Deepest Drawdown Depth (%) -18.08 -22.40
Start to Recovery (months) 40 31
Longest Drawdown Depth (%) -18.08 -22.40
Start to Recovery (months) 40 31
Longest Negative Period (months) 39 35
RISK INDICATORS
Standard Deviation (%) 14.73 11.11
Sharpe Ratio 0.77 0.38
Sortino Ratio 1.14 0.53
Ulcer Index 6.97 7.53
Ratio: Return / Standard Deviation 0.94 0.61
Ratio: Return / Deepest Drawdown 0.77 0.30
Metrics calculated over the period 1 May 2020 - 30 April 2025
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Gold Developed World ex-US 60/40
Author
ASSET ALLOCATION
Stocks 0% 60%
Fixed Income 0% 40%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 10.35 4.30
Infl. Adjusted Return (%) 7.06 1.19
DRAWDOWN
Deepest Drawdown Depth (%) -18.08 -22.40
Start to Recovery (months) 40 31
Longest Drawdown Depth (%) -18.08 -22.40
Start to Recovery (months) 40 31
Longest Negative Period (months) 41 60
RISK INDICATORS
Standard Deviation (%) 14.10 10.03
Sharpe Ratio 0.61 0.25
Sortino Ratio 0.91 0.34
Ulcer Index 6.65 6.27
Ratio: Return / Standard Deviation 0.73 0.43
Ratio: Return / Deepest Drawdown 0.57 0.19
Metrics calculated over the period 1 May 2015 - 30 April 2025
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Gold Developed World ex-US 60/40
Author
ASSET ALLOCATION
Stocks 0% 60%
Fixed Income 0% 40%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 7.06 5.65
Infl. Adjusted Return (%) 4.44 3.06
DRAWDOWN
Deepest Drawdown Depth (%) -42.91 -37.49
Start to Recovery (months) 107 42
Longest Drawdown Depth (%) -42.91 -22.54
Start to Recovery (months) 107 45
Longest Negative Period (months) 145 62
RISK INDICATORS
Standard Deviation (%) 15.69 10.18
Sharpe Ratio 0.31 0.33
Sortino Ratio 0.45 0.44
Ulcer Index 20.47 8.51
Ratio: Return / Standard Deviation 0.45 0.56
Ratio: Return / Deepest Drawdown 0.16 0.15
Metrics calculated over the period 1 May 1995 - 30 April 2025
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Gold Developed World ex-US 60/40
Author
ASSET ALLOCATION
Stocks 0% 60%
Fixed Income 0% 40%
Commodities 100% 0%
PERFORMANCES
Annualized Return (%) 5.82 7.93
Infl. Adjusted Return (%) 2.95 5.00
DRAWDOWN
Deepest Drawdown Depth (%) -48.26 -37.49
Start to Recovery (months) 217 42
Longest Drawdown Depth (%) -48.26 -22.54
Start to Recovery (months) 217 45
Longest Negative Period (months) 224 62
RISK INDICATORS
Standard Deviation (%) 15.09 10.91
Sharpe Ratio 0.18 0.44
Sortino Ratio 0.26 0.60
Ulcer Index 24.18 7.73
Ratio: Return / Standard Deviation 0.39 0.73
Ratio: Return / Deepest Drawdown 0.12 0.21
Metrics calculated over the period 1 January 1985 - 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 1985 - 30 April 2025 (~40 years)

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Gold Developed World ex-US 60/40
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-42.91 107 Sep 2011
Jul 2020
-37.49 42 Nov 2007
Apr 2011
-37.17 95 Feb 1996
Dec 2003
-25.83 15 Mar 2008
May 2009
-22.54 45 Apr 2000
Dec 2003
-22.40 31 Sep 2021
Mar 2024
-18.08 40 Aug 2020
Nov 2023
-14.56 11 Jan 2020
Nov 2020
-13.28 19 May 2011
Nov 2012
-10.09 20 Feb 2018
Sep 2019
-9.44 22 May 2015
Feb 2017
-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

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Gold Developed World ex-US 60/40
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-48.26 217 Dec 1987
Dec 2005
-42.91 107 Sep 2011
Jul 2020
-37.49 42 Nov 2007
Apr 2011
-25.83 15 Mar 2008
May 2009
-22.54 45 Apr 2000
Dec 2003
-22.40 31 Sep 2021
Mar 2024
-18.51 24 Jan 1990
Dec 1991
-18.08 40 Aug 2020
Nov 2023
-14.56 11 Jan 2020
Nov 2020
-13.28 19 May 2011
Nov 2012
-10.09 20 Feb 2018
Sep 2019
-9.44 22 May 2015
Feb 2017
-8.82 6 Sep 1987
Feb 1988
-8.78 15 Jan 1992
Mar 1993
-8.63 10 May 2006
Feb 2007

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 1985 - 30 April 2025 (~40 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 Developed World ex-US 60/40
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 25.46 0.00 7.30 -0.46
2024
 26.66 -4.49 3.31 -4.95
2023
 12.69 -7.22 14.28 -7.32
2022
 -0.77 -15.91 -14.32 -21.67
2021
 -4.15 -10.32 6.09 -3.26
2020
 24.81 -10.12 7.71 -14.56
2019
 17.86 -4.10 16.72 -2.77
2018
 -1.94 -11.66 -7.73 -10.09
2017
 12.81 -4.09 16.81 0.00
2016
 8.03 -15.02 3.45 -4.03
2015
 -10.67 -17.81 0.25 -7.87
2014
 -2.19 -12.44 -0.09 -4.31
2013
 -28.33 -28.33 12.77 -5.09
2012
 6.60 -10.45 14.95 -7.61
2011
 9.57 -14.48 -3.94 -13.28
2010
 29.27 -5.09 8.42 -7.69
2009
 24.03 -7.20 22.61 -13.44
2008
 4.92 -25.83 -25.33 -29.87
2007
 30.45 -4.20 8.69 -3.28
2006
 22.55 -8.63 16.94 -2.26
2005
 17.76 -4.91 10.15 -2.01
2004
 4.65 -8.31 14.59 -2.01
2003
 19.89 -8.88 24.77 -4.07
2002
 25.57 -6.72 -5.65 -12.16
2001
 0.75 -6.10 -8.83 -13.08
2000
 -5.44 -9.93 -4.89 -7.85
1999
 0.85 -11.47 22.89 -3.20
1998
 -0.83 -12.01 16.75 -6.93
1997
 -21.41 -21.41 -2.77 -7.06
1996
 -4.59 -8.95 4.67 -1.39
1995
 0.98 -2.46 10.88 -4.80
1994
 -2.17 -3.91 2.94 -3.27
1993
 17.68 -11.51 24.52 -6.35
1992
 -5.73 -6.97 -4.11 -8.78
1991
 -8.56 -10.05 14.26 -5.21
1990
 -3.11 -15.14 -11.99 -18.51
1989
 -2.84 -12.30 12.15 -3.14
1988
 -15.26 -18.05 18.91 -5.35
1987
 24.53 -1.97 19.68 -8.82
1986
 18.96 -8.14 44.57 -5.90
1985
 6.00 -6.67 43.60 -0.36
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