Larry Swedroe Eliminate Fat Tails Portfolio vs Stocks/Bonds 20/80 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
(Change Settings)
The minimum date range must be at least 12 months. 'Date To' cannot be beyond April 2025.
Reset settings
Close
Results
30 Years
All (since January 1985)
Inflation Adjusted:
Larry Swedroe Eliminate Fat Tails Portfolio
1.00$
Initial Capital
May 1995
4.95$
Final Capital
April 2025
5.48%
Yearly Return
6.25%
Std Deviation
-18.42%
Max Drawdown
18months
Recovery Period
1.00$
Initial Capital
May 1995
2.35$
Final Capital
April 2025
2.89%
Yearly Return
6.25%
Std Deviation
-20.82%
Max Drawdown
47months*
Recovery Period
* in progress
1.00$
Initial Capital
January 1985
15.85$
Final Capital
April 2025
7.09%
Yearly Return
6.93%
Std Deviation
-18.42%
Max Drawdown
18months
Recovery Period
1.00$
Initial Capital
January 1985
5.23$
Final Capital
April 2025
4.19%
Yearly Return
6.93%
Std Deviation
-20.82%
Max Drawdown
47months*
Recovery Period
* in progress
Stocks/Bonds 20/80 Portfolio
1.00$
Initial Capital
May 1995
5.32$
Final Capital
April 2025
5.73%
Yearly Return
4.96%
Std Deviation
-16.57%
Max Drawdown
33months
Recovery Period
1.00$
Initial Capital
May 1995
2.52$
Final Capital
April 2025
3.13%
Yearly Return
4.96%
Std Deviation
-24.58%
Max Drawdown
52months*
Recovery Period
* in progress
1.00$
Initial Capital
January 1985
15.31$
Final Capital
April 2025
7.00%
Yearly Return
5.24%
Std Deviation
-16.57%
Max Drawdown
33months
Recovery Period
1.00$
Initial Capital
January 1985
5.05$
Final Capital
April 2025
4.10%
Yearly Return
5.24%
Std Deviation
-24.58%
Max Drawdown
52months*
Recovery Period
* in progress

As of April 2025, in the previous 30 Years, the Larry Swedroe Eliminate Fat Tails Portfolio obtained a 5.48% compound annual return, with a 6.25% standard deviation. It suffered a maximum drawdown of -18.42% that required 18 months to be recovered.

As of April 2025, in the previous 30 Years, the Stocks/Bonds 20/80 Portfolio obtained a 5.73% compound annual return, with a 4.96% standard deviation. It suffered a maximum drawdown of -16.57% that required 33 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.
Mastering Etf Investing
The first official book of
Mastering ETF Investing
Build wealth
with Lazy Portfolios and Passive Investing
Set your goal
Use top metrics to evaluate
Join the passive investing strategy
Exclusive new asset allocations in EUR and USD
Buy now
English book
Buy now
Italian book

Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

Larry Swedroe Eliminate Fat Tails Portfolio
Weight
(%)		 Ticker Name
15.00
EEM
iShares MSCI Emerging Markets
15.00
IJR
iShares Core S&P Small-Cap
35.00
BIL
SPDR Blmbg Barclays 1-3 Mth T-Bill
35.00
TIP
iShares TIPS Bond
Stocks/Bonds 20/80 Portfolio
Weight
(%)		 Ticker Name
20.00
VTI
Vanguard Total Stock Market
80.00
BND
Vanguard Total Bond Market
Test Your Asset Allocation
Evaluate your portfolio strategy in 7 different currencies
Try the Backtest Tool

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)
Swipe left to see all data
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_larry_swedroe.webp Eliminate Fat Tails
Larry Swedroe 		0.78 -0.39 0.26 5.71 3.99 3.08 5.48 7.09
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_us_author.webp Stocks/Bonds 20/80
-- Market Benchmark 		1.44 0.18 1.74 8.95 2.48 3.64 5.73 7.00
Return over 1 year are annualized.
Explore All Lazy Portfolios
Tailored Portfolios for every Investment Strategy

Capital Growth as of Apr 30, 2025

Larry Swedroe Eliminate Fat Tails Portfolio: an investment of 1$, since May 1995, now would be worth 4.95$, with a total return of 395.07% (5.48% annualized).

Stocks/Bonds 20/80 Portfolio: an investment of 1$, since May 1995, now would be worth 5.32$, with a total return of 431.64% (5.73% annualized).


Loading data
Please wait
Larry Swedroe Eliminate Fat Tails Portfolio: an investment of 1$, since January 1985, now would be worth 15.85$, with a total return of 1484.52% (7.09% annualized).

Stocks/Bonds 20/80 Portfolio: an investment of 1$, since January 1985, now would be worth 15.31$, with a total return of 1430.56% (7.00% annualized).


Loading data
Please wait
Readings that may interest you

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)
Swipe left to see all data
Eliminate Fat Tails Stocks/Bonds 20/80
Author Larry Swedroe
ASSET ALLOCATION
Stocks 30% 20%
Fixed Income 70% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 5.71 8.95
Infl. Adjusted Return (%) 3.56 6.74
DRAWDOWN
Deepest Drawdown Depth (%) -2.04 -2.07
Start to Recovery (months) 5* 2
Longest Drawdown Depth (%) -2.04 -2.00
Start to Recovery (months) 5* 3
Longest Negative Period (months) 7* 7*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 4.54 5.37
Sharpe Ratio 0.20 0.77
Sortino Ratio 0.27 0.95
Ulcer Index 0.85 0.94
Ratio: Return / Standard Deviation 1.26 1.67
Ratio: Return / Deepest Drawdown 2.79 4.32
Metrics calculated over the period 1 May 2024 - 30 April 2025
Swipe left to see all data
Eliminate Fat Tails Stocks/Bonds 20/80
Author Larry Swedroe
ASSET ALLOCATION
Stocks 30% 20%
Fixed Income 70% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 3.99 2.48
Infl. Adjusted Return (%) -0.52 -1.97
DRAWDOWN
Deepest Drawdown Depth (%) -12.62 -16.57
Start to Recovery (months) 31 33
Longest Drawdown Depth (%) -12.62 -16.57
Start to Recovery (months) 31 33
Longest Negative Period (months) 39 45
RISK INDICATORS
Standard Deviation (%) 6.37 7.57
Sharpe Ratio 0.23 -0.01
Sortino Ratio 0.32 -0.01
Ulcer Index 4.80 7.33
Ratio: Return / Standard Deviation 0.63 0.33
Ratio: Return / Deepest Drawdown 0.32 0.15
Metrics calculated over the period 1 May 2020 - 30 April 2025
Swipe left to see all data
Eliminate Fat Tails Stocks/Bonds 20/80
Author Larry Swedroe
ASSET ALLOCATION
Stocks 30% 20%
Fixed Income 70% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 3.08 3.64
Infl. Adjusted Return (%) 0.01 0.55
DRAWDOWN
Deepest Drawdown Depth (%) -12.62 -16.57
Start to Recovery (months) 31 33
Longest Drawdown Depth (%) -12.62 -16.57
Start to Recovery (months) 31 33
Longest Negative Period (months) 39 50
RISK INDICATORS
Standard Deviation (%) 5.93 6.11
Sharpe Ratio 0.22 0.31
Sortino Ratio 0.30 0.42
Ulcer Index 3.89 5.25
Ratio: Return / Standard Deviation 0.52 0.60
Ratio: Return / Deepest Drawdown 0.24 0.22
Metrics calculated over the period 1 May 2015 - 30 April 2025
Swipe left to see all data
Eliminate Fat Tails Stocks/Bonds 20/80
Author Larry Swedroe
ASSET ALLOCATION
Stocks 30% 20%
Fixed Income 70% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 5.48 5.73
Infl. Adjusted Return (%) 2.89 3.13
DRAWDOWN
Deepest Drawdown Depth (%) -18.42 -16.57
Start to Recovery (months) 18 33
Longest Drawdown Depth (%) -12.62 -16.57
Start to Recovery (months) 31 33
Longest Negative Period (months) 39 50
RISK INDICATORS
Standard Deviation (%) 6.25 4.96
Sharpe Ratio 0.51 0.70
Sortino Ratio 0.68 0.93
Ulcer Index 3.39 3.21
Ratio: Return / Standard Deviation 0.88 1.16
Ratio: Return / Deepest Drawdown 0.30 0.35
Metrics calculated over the period 1 May 1995 - 30 April 2025
Swipe left to see all data
Eliminate Fat Tails Stocks/Bonds 20/80
Author Larry Swedroe
ASSET ALLOCATION
Stocks 30% 20%
Fixed Income 70% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 7.09 7.00
Infl. Adjusted Return (%) 4.19 4.10
DRAWDOWN
Deepest Drawdown Depth (%) -18.42 -16.57
Start to Recovery (months) 18 33
Longest Drawdown Depth (%) -12.62 -16.57
Start to Recovery (months) 31 33
Longest Negative Period (months) 39 50
RISK INDICATORS
Standard Deviation (%) 6.93 5.24
Sharpe Ratio 0.57 0.73
Sortino Ratio 0.77 1.00
Ulcer Index 3.46 2.90
Ratio: Return / Standard Deviation 1.02 1.34
Ratio: Return / Deepest Drawdown 0.38 0.42
Metrics calculated over the period 1 January 1985 - 30 April 2025
Mastering Etf Investing
The first official book of
Mastering ETF Investing
Build wealth
with Lazy Portfolios and Passive Investing
Buy now
English book
Buy now
Italian book

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)

Loading data
Please wait
Swipe left to see all data
Eliminate Fat Tails Stocks/Bonds 20/80
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-18.42 18 Jun 2008
Nov 2009
-16.57 33 Jan 2022
Sep 2024
-12.62 31 Jan 2022
Jul 2024
-8.68 12 May 1998
Apr 1999
-8.42 15 May 2008
Jul 2009
-7.91 7 Jan 2020
Jul 2020
-6.64 15 May 2015
Jul 2016
-6.05 6 Aug 2011
Jan 2012
-5.32 8 Sep 2018
Apr 2019
-4.47 6 Jul 2001
Dec 2001
-4.31 13 May 2002
May 2003
-3.92 3 Feb 2020
Apr 2020
-3.79 6 Apr 2004
Sep 2004
-3.62 6 Mar 2000
Aug 2000
-3.45 6 May 2013
Oct 2013

Loading data
Please wait
Swipe left to see all data
Eliminate Fat Tails Stocks/Bonds 20/80
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-18.42 18 Jun 2008
Nov 2009
-16.57 33 Jan 2022
Sep 2024
-13.68 23 Mar 1987
Jan 1989
-12.62 31 Jan 2022
Jul 2024
-8.81 6 Aug 1990
Jan 1991
-8.68 12 May 1998
Apr 1999
-8.42 15 May 2008
Jul 2009
-7.91 7 Jan 2020
Jul 2020
-7.61 17 Feb 1994
Jun 1995
-6.64 15 May 2015
Jul 2016
-6.14 6 Sep 1987
Feb 1988
-6.05 6 Aug 2011
Jan 2012
-5.50 13 Feb 1994
Feb 1995
-5.32 8 Sep 2018
Apr 2019
-4.47 6 Jul 2001
Dec 2001

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:

Loading data
Please wait

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.

Swipe left to see all data
Eliminate Fat Tails Stocks/Bonds 20/80
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 0.78 -0.74 1.44 -1.15
2024
 4.66 -2.04 5.87 -2.83
2023
 6.63 -5.10 9.53 -5.62
2022
 -9.61 -12.62 -14.39 -16.57
2021
 5.40 -1.26 3.64 -1.82
2020
 8.18 -7.91 10.38 -3.92
2019
 9.79 -1.93 13.20 -0.07
2018
 -3.46 -5.32 -1.13 -2.67
2017
 8.83 0.00 7.10 -0.02
2016
 7.30 -1.12 4.58 -2.40
2015
 -3.40 -5.77 0.52 -1.90
2014
 1.52 -2.92 7.16 -0.89
2013
 2.64 -3.45 5.01 -2.56
2012
 7.53 -2.29 5.82 -0.62
2011
 1.93 -6.05 6.53 -0.88
2010
 8.60 -3.33 8.44 -0.76
2009
 17.45 -6.28 8.69 -5.67
2008
 -11.49 -16.27 -1.91 -8.42
2007
 10.73 -1.33 6.61 -0.76
2006
 8.72 -2.40 6.55 -1.09
2005
 7.94 -2.01 3.18 -1.84
2004
 10.37 -3.79 5.95 -2.58
2003
 17.58 -0.78 9.33 -2.13
2002
 3.12 -4.31 2.51 -2.13
2001
 4.53 -4.47 4.55 -1.99
2000
 3.70 -3.62 7.00 -2.23
1999
 12.78 -1.79 4.16 -2.17
1998
 1.83 -8.68 11.52 -2.15
1997
 7.45 -2.49 13.75 -1.70
1996
 7.38 -2.25 7.06 -1.44
1995
 14.41 -0.69 21.70 0.00
1994
 -3.92 -7.61 -2.16 -5.50
1993
 24.39 -1.41 9.87 -1.10
1992
 5.38 -2.50 7.53 -1.25
1991
 32.01 -2.36 18.68 -1.05
1990
 2.61 -8.81 5.70 -3.09
1989
 26.09 -0.58 16.54 -0.87
1988
 13.59 -1.87 9.35 -2.17
1987
 -6.14 -13.68 1.75 -6.14
1986
 11.79 -3.42 15.00 -3.14
1985
 21.01 -1.07 24.05 -1.20
Mastering Etf Investing
The first official book of
Mastering ETF Investing
Build wealth
with Lazy Portfolios and Passive Investing
Buy now
English book
Buy now
Italian book