Larry Swedroe Big Rocks Portfolio vs Davide Pisicchio Margherita Portfolio Portfolio Comparison

Simulation Settings

Period: January 1985 - July 2025 (~41 years)
Consolidated Returns as of 31 July 2025

Initial Amount: 1$

Rebalancing: at every Jan 1^st

Currency: USD

Inflation: US

(Change Settings)

Results

30 Years
(1995/08 - 2025/07)

All Data
(1985/01 - 2025/07)

Inflation Adjusted:

Larry Swedroe Big Rocks Portfolio

1.00$
Invested Capital
August 1995
7.57$
Final Capital
July 2025
6.98%
Yearly Return
9.21%
Std Deviation
-33.80%
Max Drawdown
38months
Recovery Period

1.00$
Invested Capital
August 1995
3.59$
Final Capital
July 2025
4.35%
Yearly Return
9.21%
Std Deviation
-34.89%
Max Drawdown
42months
Recovery Period

1.00$
Invested Capital
January 1985
28.62$
Final Capital
July 2025
8.62%
Yearly Return
9.21%
Std Deviation
-33.80%
Max Drawdown
38months
Recovery Period

1.00$
Invested Capital
January 1985
9.39$
Final Capital
July 2025
5.67%
Yearly Return
9.21%
Std Deviation
-34.89%
Max Drawdown
42months
Recovery Period

Davide Pisicchio Margherita Portfolio

1.00$
Invested Capital
August 1995
7.82$
Final Capital
July 2025
7.10%
Yearly Return
6.10%
Std Deviation
-15.89%
Max Drawdown
27months
Recovery Period

1.00$
Invested Capital
August 1995
3.71$
Final Capital
July 2025
4.47%
Yearly Return
6.10%
Std Deviation
-22.07%
Max Drawdown
47months
Recovery Period

1.00$
Invested Capital
January 1985
23.99$
Final Capital
July 2025
8.14%
Yearly Return
6.21%
Std Deviation
-15.89%
Max Drawdown
27months
Recovery Period

1.00$
Invested Capital
January 1985
7.87$
Final Capital
July 2025
5.21%
Yearly Return
6.21%
Std Deviation
-22.07%
Max Drawdown
47months
Recovery Period

As of July 2025, in the previous 30 Years, the Larry Swedroe Big Rocks Portfolio obtained a 6.98% compound annual return, with a 9.21% standard deviation. It suffered a maximum drawdown of -33.80% that required 38 months to be recovered.

As of July 2025, in the previous 30 Years, the Davide Pisicchio Margherita Portfolio obtained a 7.10% compound annual return, with a 6.10% standard deviation. It suffered a maximum drawdown of -15.89% that required 27 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.

Larry Swedroe Big Rocks Portfolio

Weight (%)	Ticker	Name
9.00	IJR	iShares Core S&P Small-Cap
9.00	IJS	iShares S&P Small-Cap 600 Value
9.00	VTV	Vanguard Value
9.00	VV	Vanguard Large-Cap
6.00	EFV	iShares MSCI EAFE Value
6.00	VNQ	Vanguard Real Estate
3.00	DLS	WisdomTree International SmallCp Div
3.00	EEM	iShares MSCI Emerging Markets
3.00	VEU	Vanguard FTSE All-World ex-US
3.00	SCZ	iShares MSCI EAFE Small-Cap
40.00	SHY	iShares 1-3 Year Treasury Bond

Davide Pisicchio Margherita Portfolio

Weight (%)	Ticker	Name
30.00	VTI	Vanguard Total Stock Market
40.00	IEI	iShares 3-7 Year Treasury Bond
5.00	BSV	Vanguard Short-Term Bond
5.00	CWB	SPDR Bloomberg Convertible Securities ETF
5.00	TIP	iShares TIPS Bond
5.00	LQD	iShares Investment Grade Corporate Bond
10.00	GLD	SPDR Gold Trust

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Portfolio Returns as of Jul 31, 2025

Returns are calculated in USD, assuming:

no fees or capital gain taxes.
rebalancing: at every Jan 1^st.
dividend reinvestment, when applicable.

Return Comparison

Capital Growth

30 Years
(1995/08 - 2025/07)

All Data
(1985/01 - 2025/07)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Big Rocks Portfolio Larry Swedroe	1 $	7.57 $	656.81%	6.98%
Margherita Portfolio Davide Pisicchio	1 $	7.82 $	682.31%	7.10%
	Aug 1995	Jul 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Big Rocks Portfolio Larry Swedroe	1 $	3.59 $	259.13%	4.35%
Margherita Portfolio Davide Pisicchio	1 $	3.71 $	271.23%	4.47%
	Aug 1995	Jul 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Big Rocks Portfolio Larry Swedroe	1 $	28.62 $	2 762.48%	8.62%
Margherita Portfolio Davide Pisicchio	1 $	23.99 $	2 298.80%	8.14%
	Jan 1985	Jul 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Big Rocks Portfolio Larry Swedroe	1 $	9.39 $	839.08%	5.67%
Margherita Portfolio Davide Pisicchio	1 $	7.87 $	686.96%	5.21%
	Jan 1985	Jul 2025

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		Return (%) as of Jul 31, 2025
		YTD (7M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~41Y)
	Big Rocks Portfolio Larry Swedroe	5.34	0.36	3.37	6.34	7.56	5.85	6.98	8.62
	Margherita Portfolio Davide Pisicchio	7.69	0.60	5.52	11.23	5.95	6.61	7.10	8.14
Returns over 1 year are annualized.

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Portfolio Metrics as of Jul 31, 2025

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

METRIC COMPARISON

Period: 1 August 2024 - 31 July 2025 (1 year)

Period: 1 August 2020 - 31 July 2025 (5 years)

Period: 1 August 2015 - 31 July 2025 (10 years)

Period: 1 August 1995 - 31 July 2025 (30 years)

Period: 1 January 1985 - 31 July 2025 (~41 years)

1 Year

5 Years

10 Years

30 Years

All (1985/01 - 2025/07)

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	Big Rocks Portfolio	Margherita Portfolio
Author	Larry Swedroe	Davide Pisicchio
ASSET ALLOCATION
Stocks	60%	30%
Fixed Income	40%	60%
Commodities	0%	10%
PERFORMANCES
Annualized Return (%)	6.34	11.23
Infl. Adjusted (%)	3.68	8.44
DRAWDOWN
Deepest Drawdown Depth (%)	-3.28	-1.90
Start to Recovery (months)	7	2
Longest Drawdown Depth (%)	-3.28	-0.82
Start to Recovery (months)	7	2
Longest Negative Period (months)	8	3
RISK INDICATORS
Standard Deviation (%)	6.69	4.61
Sharpe Ratio	0.27	1.45
Sortino Ratio	0.36	1.83
Ulcer Index	1.69	0.60
Ratio: Return / Standard Deviation	0.95	2.43
Ratio: Return / Deepest Drawdown	1.93	5.91
Metrics calculated over the period 1 August 2024 - 31 July 2025

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	Big Rocks Portfolio	Margherita Portfolio
Author	Larry Swedroe	Davide Pisicchio
ASSET ALLOCATION
Stocks	60%	30%
Fixed Income	40%	60%
Commodities	0%	10%
PERFORMANCES
Annualized Return (%)	7.56	5.95
Infl. Adjusted (%)	2.96	1.42
DRAWDOWN
Deepest Drawdown Depth (%)	-15.71	-15.89
Start to Recovery (months)	26	27
Longest Drawdown Depth (%)	-15.71	-15.89
Start to Recovery (months)	26	27
Longest Negative Period (months)	32	35
RISK INDICATORS
Standard Deviation (%)	9.90	7.74
Sharpe Ratio	0.49	0.41
Sortino Ratio	0.69	0.55
Ulcer Index	5.09	5.77
Ratio: Return / Standard Deviation	0.76	0.77
Ratio: Return / Deepest Drawdown	0.48	0.37
Metrics calculated over the period 1 August 2020 - 31 July 2025

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	Big Rocks Portfolio	Margherita Portfolio
Author	Larry Swedroe	Davide Pisicchio
ASSET ALLOCATION
Stocks	60%	30%
Fixed Income	40%	60%
Commodities	0%	10%
PERFORMANCES
Annualized Return (%)	5.85	6.61
Infl. Adjusted (%)	2.71	3.45
DRAWDOWN
Deepest Drawdown Depth (%)	-15.71	-15.89
Start to Recovery (months)	26	27
Longest Drawdown Depth (%)	-15.71	-15.89
Start to Recovery (months)	26	27
Longest Negative Period (months)	35	35
RISK INDICATORS
Standard Deviation (%)	9.49	6.71
Sharpe Ratio	0.42	0.71
Sortino Ratio	0.56	0.96
Ulcer Index	4.57	4.20
Ratio: Return / Standard Deviation	0.62	0.98
Ratio: Return / Deepest Drawdown	0.37	0.42
Metrics calculated over the period 1 August 2015 - 31 July 2025

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	Big Rocks Portfolio	Margherita Portfolio
Author	Larry Swedroe	Davide Pisicchio
ASSET ALLOCATION
Stocks	60%	30%
Fixed Income	40%	60%
Commodities	0%	10%
PERFORMANCES
Annualized Return (%)	6.98	7.10
Infl. Adjusted (%)	4.35	4.47
DRAWDOWN
Deepest Drawdown Depth (%)	-33.80	-15.89
Start to Recovery (months)	38	27
Longest Drawdown Depth (%)	-33.80	-15.89
Start to Recovery (months)	38	27
Longest Negative Period (months)	61	35
RISK INDICATORS
Standard Deviation (%)	9.21	6.10
Sharpe Ratio	0.51	0.79
Sortino Ratio	0.67	1.06
Ulcer Index	5.94	3.06
Ratio: Return / Standard Deviation	0.76	1.16
Ratio: Return / Deepest Drawdown	0.21	0.45
Metrics calculated over the period 1 August 1995 - 31 July 2025

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	Big Rocks Portfolio	Margherita Portfolio
Author	Larry Swedroe	Davide Pisicchio
ASSET ALLOCATION
Stocks	60%	30%
Fixed Income	40%	60%
Commodities	0%	10%
PERFORMANCES
Annualized Return (%)	8.62	8.14
Infl. Adjusted (%)	5.67	5.21
DRAWDOWN
Deepest Drawdown Depth (%)	-33.80	-15.89
Start to Recovery (months)	38	27
Longest Drawdown Depth (%)	-33.80	-15.89
Start to Recovery (months)	38	27
Longest Negative Period (months)	61	35
RISK INDICATORS
Standard Deviation (%)	9.21	6.21
Sharpe Ratio	0.59	0.80
Sortino Ratio	0.77	1.08
Ulcer Index	5.41	2.85
Ratio: Return / Standard Deviation	0.94	1.31
Ratio: Return / Deepest Drawdown	0.25	0.51
Metrics calculated over the period 1 January 1985 - 31 July 2025

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 August 1995 - 31 July 2025 (30 years)

Period: 1 January 1985 - 31 July 2025 (~41 years)

30 Years
(1995/08 - 2025/07)

Chart Table

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Big Rocks Portfolio			Margherita Portfolio
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-33.80	38	Nov 2007 Dec 2010
			-15.89	27	Jan 2022 Mar 2024
-15.71	26	Jan 2022 Feb 2024
-15.63	11	Jan 2020 Nov 2020
			-13.51	19	Mar 2008 Sep 2009
-12.59	17	May 2011 Sep 2012
-11.58	12	May 1998 Apr 1999
-10.99	13	Jun 2002 Jun 2003
-8.79	8	Sep 2018 Apr 2019
-7.30	14	Feb 2001 Mar 2002
-6.46	14	Jun 2015 Jul 2016
			-5.51	4	Feb 2020 May 2020
			-5.44	4	Jul 1998 Oct 1998
			-4.45	14	Feb 2001 Mar 2002
-4.07	4	Sep 2000 Dec 2000

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Big Rocks Portfolio			Margherita Portfolio
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-33.80	38	Nov 2007 Dec 2010
-16.69	14	Sep 1987 Oct 1988
			-15.89	27	Jan 2022 Mar 2024
-15.71	26	Jan 2022 Feb 2024
-15.63	11	Jan 2020 Nov 2020
			-13.51	19	Mar 2008 Sep 2009
-12.59	17	May 2011 Sep 2012
-11.58	12	May 1998 Apr 1999
-10.99	13	Jun 2002 Jun 2003
-9.79	7	Aug 1990 Feb 1991
			-9.29	14	Sep 1987 Oct 1988
-8.79	8	Sep 2018 Apr 2019
-7.30	14	Feb 2001 Mar 2002
-6.46	14	Jun 2015 Jul 2016
			-5.57	13	Feb 1994 Feb 1995

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 - 31 July 2025 (~41 years)

Rolling Period:

Big Rocks Portfolio
Margherita Portfolio

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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	Big Rocks Portfolio		Margherita Portfolio
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2025	5.34	-2.00	7.69	-0.62
2024	7.82	-3.15	11.35	-2.19
2023	11.05	-6.98	12.39	-4.63
2022	-10.13	-15.71	-12.60	-15.89
2021	13.59	-2.22	6.51	-2.35
2020	5.25	-15.63	15.56	-5.51
2019	15.98	-3.84	15.92	-1.36
2018	-5.45	-8.79	-1.50	-3.72
2017	11.28	-0.30	9.48	-0.01
2016	9.71	-3.10	6.29	-2.34
2015	-0.97	-5.87	-0.45	-3.36
2014	4.48	-2.69	5.86	-1.84
2013	16.68	-1.92	6.97	-2.88
2012	10.73	-5.29	8.06	-2.42
2011	-1.31	-12.59	5.48	-3.58
2010	12.32	-7.86	12.35	-2.39
2009	17.83	-14.02	13.68	-6.13
2008	-19.64	-22.16	-6.71	-12.27
2007	3.90	-4.18	9.75	-1.12
2006	15.44	-2.51	9.30	-1.67
2005	7.49	-2.54	5.23	-1.52
2004	13.68	-3.20	7.27	-3.30
2003	25.46	-2.67	15.00	-1.02
2002	-3.83	-10.99	2.90	-3.63
2001	1.46	-7.30	1.10	-4.45
2000	5.09	-4.07	4.49	-3.54
1999	10.77	-2.62	6.74	-2.84
1998	6.51	-11.58	12.00	-5.44
1997	12.72	-2.62	13.19	-2.47
1996	12.51	-2.90	7.86	-1.75
1995	18.49	-1.31	23.08	0.00
1994	-1.08	-5.17	-2.60	-5.57
1993	17.22	-1.90	12.32	-1.13
1992	9.42	-1.37	7.23	-1.87
1991	24.15	-3.18	19.48	-1.59
1990	-4.70	-9.79	2.58	-4.22
1989	19.42	-1.78	16.63	-1.09
1988	16.48	-1.57	7.47	-1.80
1987	4.41	-16.69	4.22	-9.29
1986	20.58	-3.51	15.43	-2.69
1985	27.95	-1.60	23.36	-1.15

Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of Jul 31, 2025

Portfolio Metrics as of Jul 31, 2025

Drawdowns

Rolling Returns

Yearly Returns