Larry Swedroe Larry Portfolio vs The Lazy Team Simplified Permanent Portfolio Portfolio Comparison

Simulation Settings
Period: January 1976 - April 2026 (~50 years)
Consolidated Returns as of 30 April 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 April 2026.
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Results
30 Years
(1996/05 - 2026/04)
All Data
(1976/01 - 2026/04)
Inflation Adjusted:
Larry Swedroe Larry Swedroe Larry Portfolio
1.00$
Invested Capital
May 1996
5.74$
Final Capital
April 2026
6.00%
Yearly Return
5.58%
Std Deviation
-15.96%
Max Drawdown
49months
Recovery Period
1.00$
Invested Capital
May 1996
2.70$
Final Capital
April 2026
3.36%
Yearly Return
5.58%
Std Deviation
-25.23%
Max Drawdown
59months*
Recovery Period
* in progress
1.00$
Invested Capital
January 1976
62.94$
Final Capital
April 2026
8.58%
Yearly Return
6.71%
Std Deviation
-15.96%
Max Drawdown
49months
Recovery Period
1.00$
Invested Capital
January 1976
10.53$
Final Capital
April 2026
4.79%
Yearly Return
6.71%
Std Deviation
-25.23%
Max Drawdown
59months*
Recovery Period
* in progress
The Lazy Team The Lazy Team Simplified Permanent Portfolio
1.00$
Invested Capital
May 1996
8.90$
Final Capital
April 2026
7.56%
Yearly Return
7.05%
Std Deviation
-16.43%
Max Drawdown
27months
Recovery Period
1.00$
Invested Capital
May 1996
4.18$
Final Capital
April 2026
4.88%
Yearly Return
7.05%
Std Deviation
-23.36%
Max Drawdown
53months
Recovery Period
1.00$
Invested Capital
January 1976
69.81$
Final Capital
April 2026
8.80%
Yearly Return
7.84%
Std Deviation
-16.43%
Max Drawdown
27months
Recovery Period
1.00$
Invested Capital
January 1976
11.67$
Final Capital
April 2026
5.00%
Yearly Return
7.84%
Std Deviation
-25.39%
Max Drawdown
35months
Recovery Period

As of April 2026, in the previous 30 Years, the Larry Swedroe Larry Portfolio obtained a 6.00% compound annual return, with a 5.58% standard deviation. It suffered a maximum drawdown of -15.96% that required 49 months to be recovered.

As of April 2026, in the previous 30 Years, the The Lazy Team Simplified Permanent Portfolio obtained a 7.56% compound annual return, with a 7.05% standard deviation. It suffered a maximum drawdown of -16.43% that required 27 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.

Larry Swedroe
Larry Swedroe Larry Portfolio
Weight
(%)		 Ticker Name
15.00
IJS
iShares S&P Small-Cap 600 Value
7.50
DLS
WisdomTree International SmallCp Div
7.50
EEM
iShares MSCI Emerging Markets
70.00
IEI
iShares 3-7 Year Treasury Bond
The Lazy Team
The Lazy Team Simplified Permanent Portfolio
Weight
(%)		 Ticker Name
25.00
VTI
Vanguard Total Stock Market
50.00
IEF
iShares 7-10 Year Treasury Bond
25.00
GLD
SPDR Gold Trust
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Portfolio Returns as of Apr 30, 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
(1996/05 - 2026/04)
All Data
(1976/01 - 2026/04)
Inflation Adjusted:
Swipe left to see all data
Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Larry Swedroe Larry Portfolio
Larry Swedroe 		1 $ 5.74 $ 474.20% 6.00%
The Lazy Team Simplified Permanent Portfolio
The Lazy Team 		1 $ 8.90 $ 790.04% 7.56%
May 1996 Apr 2026

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Larry Swedroe Larry Portfolio
Larry Swedroe 		1 $ 2.70 $ 169.58% 3.36%
The Lazy Team Simplified Permanent Portfolio
The Lazy Team 		1 $ 4.18 $ 317.86% 4.88%
May 1996 Apr 2026

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Larry Swedroe Larry Portfolio
Larry Swedroe 		1 $ 62.94 $ 6 194.43% 8.58%
The Lazy Team Simplified Permanent Portfolio
The Lazy Team 		1 $ 69.81 $ 6 880.98% 8.80%
Jan 1976 Apr 2026

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Larry Swedroe Larry Portfolio
Larry Swedroe 		1 $ 10.53 $ 952.57% 4.79%
The Lazy Team Simplified Permanent Portfolio
The Lazy Team 		1 $ 11.67 $ 1 067.37% 5.00%
Jan 1976 Apr 2026

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Return (%) as of Apr 30, 2026
YTD
(4M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~50Y)
https://www.lazyportfolioetf.com/wp-content/lzp-assets/img/author/avatar_larry_swedroe.webp Larry Portfolio
Larry Swedroe 		3.84 2.85 5.26 13.22 2.35 3.93 6.00 8.58
https://www.lazyportfolioetf.com/wp-content/lzp-assets/img/author/avatar_lzp.webp Simplified Permanent Portfolio
The Lazy Team 		3.07 1.98 5.71 19.18 8.01 7.60 7.56 8.80
Returns over 1 year are annualized.
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Portfolio Metrics as of Apr 30, 2026

The following metrics, updated as of 30 April 2026, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON
Period: 1 May 2025 - 30 April 2026 (1 year)
Period: 1 May 2021 - 30 April 2026 (5 years)
Period: 1 May 2016 - 30 April 2026 (10 years)
Period: 1 May 1996 - 30 April 2026 (30 years)
Period: 1 January 1976 - 30 April 2026 (~50 years)
1 Year
5 Years
10 Years
30 Years
All (1976/01 - 2026/04)
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Larry Portfolio Simplified Permanent Portfolio
Author Larry Swedroe The Lazy Team
ASSET ALLOCATION
Stocks 30% 25%
Fixed Income 70% 50%
Commodities 0% 25%
PERFORMANCES
Annualized Return (%) 13.22 19.18
Infl. Adjusted (%) 9.11 14.85
DRAWDOWN
Deepest Drawdown Depth (%) -2.98 -5.45
Start to Recovery (months) 2* 2*
Longest Drawdown Depth (%) -2.98 -5.45
Start to Recovery (months) 2* 2*
Longest Negative Period (months) 2 3*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 5.29 8.44
Sharpe Ratio 1.75 1.81
Sortino Ratio 2.18 2.11
Ulcer Index 0.83 1.81
Ratio: Return / Standard Deviation 2.50 2.27
Ratio: Return / Deepest Drawdown 4.44 3.52
Metrics calculated over the period 1 May 2025 - 30 April 2026
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Larry Portfolio Simplified Permanent Portfolio
Author Larry Swedroe The Lazy Team
ASSET ALLOCATION
Stocks 30% 25%
Fixed Income 70% 50%
Commodities 0% 25%
PERFORMANCES
Annualized Return (%) 2.35 8.01
Infl. Adjusted (%) -2.06 3.35
DRAWDOWN
Deepest Drawdown Depth (%) -15.96 -16.43
Start to Recovery (months) 49 27
Longest Drawdown Depth (%) -15.96 -16.43
Start to Recovery (months) 49 27
Longest Negative Period (months) 49 32
RISK INDICATORS
Standard Deviation (%) 7.35 8.95
Sharpe Ratio -0.13 0.52
Sortino Ratio -0.19 0.68
Ulcer Index 7.14 5.94
Ratio: Return / Standard Deviation 0.32 0.89
Ratio: Return / Deepest Drawdown 0.15 0.49
Metrics calculated over the period 1 May 2021 - 30 April 2026
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Larry Portfolio Simplified Permanent Portfolio
Author Larry Swedroe The Lazy Team
ASSET ALLOCATION
Stocks 30% 25%
Fixed Income 70% 50%
Commodities 0% 25%
PERFORMANCES
Annualized Return (%) 3.93 7.60
Infl. Adjusted (%) 0.55 4.10
DRAWDOWN
Deepest Drawdown Depth (%) -15.96 -16.43
Start to Recovery (months) 49 27
Longest Drawdown Depth (%) -15.96 -16.43
Start to Recovery (months) 49 27
Longest Negative Period (months) 52 40
RISK INDICATORS
Standard Deviation (%) 6.05 7.63
Sharpe Ratio 0.29 0.71
Sortino Ratio 0.40 0.97
Ulcer Index 5.15 4.44
Ratio: Return / Standard Deviation 0.65 1.00
Ratio: Return / Deepest Drawdown 0.25 0.46
Metrics calculated over the period 1 May 2016 - 30 April 2026
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Larry Portfolio Simplified Permanent Portfolio
Author Larry Swedroe The Lazy Team
ASSET ALLOCATION
Stocks 30% 25%
Fixed Income 70% 50%
Commodities 0% 25%
PERFORMANCES
Annualized Return (%) 6.00 7.56
Infl. Adjusted (%) 3.36 4.88
DRAWDOWN
Deepest Drawdown Depth (%) -15.96 -16.43
Start to Recovery (months) 49 27
Longest Drawdown Depth (%) -15.96 -16.43
Start to Recovery (months) 49 27
Longest Negative Period (months) 52 40
RISK INDICATORS
Standard Deviation (%) 5.58 7.05
Sharpe Ratio 0.68 0.76
Sortino Ratio 0.92 1.04
Ulcer Index 3.31 3.15
Ratio: Return / Standard Deviation 1.08 1.07
Ratio: Return / Deepest Drawdown 0.38 0.46
Metrics calculated over the period 1 May 1996 - 30 April 2026
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Larry Portfolio Simplified Permanent Portfolio
Author Larry Swedroe The Lazy Team
ASSET ALLOCATION
Stocks 30% 25%
Fixed Income 70% 50%
Commodities 0% 25%
PERFORMANCES
Annualized Return (%) 8.58 8.80
Infl. Adjusted (%) 4.79 5.00
DRAWDOWN
Deepest Drawdown Depth (%) -15.96 -16.43
Start to Recovery (months) 49 27
Longest Drawdown Depth (%) -15.96 -16.43
Start to Recovery (months) 49 27
Longest Negative Period (months) 52 40
RISK INDICATORS
Standard Deviation (%) 6.71 7.84
Sharpe Ratio 0.65 0.58
Sortino Ratio 0.91 0.84
Ulcer Index 2.97 3.25
Ratio: Return / Standard Deviation 1.28 1.12
Ratio: Return / Deepest Drawdown 0.54 0.54
Metrics calculated over the period 1 January 1976 - 30 April 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 May 1996 - 30 April 2026 (30 years)
Period: 1 January 1976 - 30 April 2026 (~50 years)
30 Years
(1996/05 - 2026/04)

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Larry Portfolio Simplified Permanent Portfolio
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-16.43 27 Jan 2022
Mar 2024
-15.96 49 Jun 2021
Jun 2025
-13.28 18 Mar 2008
Aug 2009
-11.47 16 Apr 2008
Jul 2009
-6.69 11 Apr 2013
Feb 2014
-6.23 12 Aug 2016
Jul 2017
-5.45 2* Mar 2026
In progress
-5.38 7 Jan 2020
Jul 2020
-5.27 14 Feb 2015
Mar 2016
-5.14 7 May 1998
Nov 1998
-5.09 9 Feb 1999
Oct 1999
-4.79 7 Apr 2004
Oct 2004
-4.63 3 Jul 1998
Sep 1998
-4.08 7 Sep 2018
Mar 2019
-3.98 6 Apr 2004
Sep 2004

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Larry Portfolio Simplified Permanent Portfolio
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-16.43 27 Jan 2022
Mar 2024
-15.96 49 Jun 2021
Jun 2025
-14.34 21 Dec 1980
Aug 1982
-13.28 18 Mar 2008
Aug 2009
-13.17 5 Feb 1980
Jun 1980
-11.47 16 Apr 2008
Jul 2009
-9.49 9 Sep 1979
May 1980
-9.16 10 Sep 1987
Jun 1988
-7.59 18 May 1983
Oct 1984
-7.44 16 Feb 1994
May 1995
-6.69 11 Apr 2013
Feb 2014
-6.63 6 Aug 1990
Jan 1991
-6.23 12 Aug 2016
Jul 2017
-5.94 3 Oct 1979
Dec 1979
-5.83 4 Jul 1981
Oct 1981

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 1976 - 30 April 2026 (~50 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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Larry Portfolio Simplified Permanent Portfolio
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2026
 3.84 -2.98 3.07 -5.45
2025
 10.96 -0.29 24.21 0.00
2024
 3.09 -2.61 12.30 -2.24
2023
 6.94 -6.22 11.51 -5.16
2022
 -11.20 -14.55 -12.67 -16.43
2021
 3.41 -2.64 3.72 -3.81
2020
 6.44 -5.38 16.46 -3.11
2019
 10.64 -1.45 16.15 -0.99
2018
 -3.54 -4.08 -1.29 -3.68
2017
 7.74 0.00 9.78 -0.96
2016
 6.87 -1.26 5.72 -6.23
2015
 -0.54 -3.22 -1.82 -5.27
2014
 2.38 -2.37 7.12 -2.59
2013
 6.31 -2.41 -1.76 -6.69
2012
 7.27 -2.25 7.59 -1.89
2011
 3.23 -3.97 10.45 -3.69
2010
 10.82 -2.16 16.36 -0.02
2009
 10.12 -7.76 9.94 -4.96
2008
 -2.44 -7.60 0.94 -13.28
2007
 8.99 -0.45 14.14 -1.50
2006
 9.57 -2.17 10.82 -2.47
2005
 6.71 -1.81 7.34 -1.60
2004
 10.23 -3.98 6.42 -4.79
2003
 16.93 -0.92 15.31 -2.22
2002
 7.68 -1.92 9.00 -2.60
2001
 6.47 -2.38 0.15 -3.21
2000
 10.81 -1.59 4.63 -2.98
1999
 4.08 -3.38 2.25 -5.09
1998
 6.06 -5.14 12.93 -4.63
1997
 8.62 -1.80 8.38 -2.87
1996
 5.81 -1.78 4.09 -3.64
1995
 18.99 0.00 21.97 0.00
1994
 -4.77 -7.44 -4.18 -5.67
1993
 20.95 -1.55 13.56 -1.61
1992
 9.36 -1.05 4.46 -3.11
1991
 26.47 -2.04 15.41 -1.06
1990
 1.93 -6.63 1.55 -5.66
1989
 22.14 0.00 15.24 -1.52
1988
 12.93 -1.48 3.97 -2.03
1987
 -0.86 -9.16 5.46 -5.83
1986
 17.85 -3.07 19.06 -1.00
1985
 27.10 -0.72 24.24 -2.66
1984
 12.87 -5.07 3.14 -5.27
1983
 13.15 -1.80 2.74 -3.74
1982
 24.76 -2.37 28.65 -5.77
1981
 7.24 -5.83 -6.55 -13.29
1980
 8.19 -8.91 11.44 -13.17
1979
 11.24 -7.04 38.61 -5.94
1978
 7.42 -5.66 11.00 -5.48
1977
 5.31 -1.98 5.09 -3.12
1976
 18.63 -1.58 13.24 -2.32
Mastering ETF Investing
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