Aleks Bleck Northern Finance Portfolio vs Aim Ways Shield Strategy To EUR Bond Hedged Portfolio Portfolio Comparison

Simulation Settings

Period: July 1987 - June 2025 (~38 years)
Consolidated Returns as of 30 June 2025

Initial Amount: 1€

Rebalancing: at every Jan 1^st

Currency: EUR

Inflation: Eurozone

(Change Settings)

Results

30 Years
(1995/07 - 2025/06)

All Data
(1987/07 - 2025/06)

Inflation Adjusted:

Aleks Bleck Northern Finance Portfolio

1.00€
Invested Capital
July 1995
11.67€
Final Capital
June 2025
8.53%
Yearly Return
14.83%
Std Deviation
-47.98%
Max Drawdown
57months
Recovery Period

1.00€
Invested Capital
July 1995
6.38€
Final Capital
June 2025
6.37%
Yearly Return
14.83%
Std Deviation
-49.24%
Max Drawdown
70months
Recovery Period

1.00€
Invested Capital
July 1987
25.50€
Final Capital
June 2025
8.90%
Yearly Return
16.27%
Std Deviation
-47.98%
Max Drawdown
57months
Recovery Period

1.00€
Invested Capital
July 1987
10.98€
Final Capital
June 2025
6.51%
Yearly Return
16.27%
Std Deviation
-49.24%
Max Drawdown
70months
Recovery Period

Aim Ways Shield Strategy To EUR Bond Hedged Portfolio

1.00€
Invested Capital
July 1995
13.24€
Final Capital
June 2025
8.99%
Yearly Return
8.54%
Std Deviation
-24.42%
Max Drawdown
65months
Recovery Period

1.00€
Invested Capital
July 1995
7.24€
Final Capital
June 2025
6.82%
Yearly Return
8.54%
Std Deviation
-28.97%
Max Drawdown
114months
Recovery Period

1.00€
Invested Capital
July 1987
24.70€
Final Capital
June 2025
8.80%
Yearly Return
9.05%
Std Deviation
-24.42%
Max Drawdown
65months
Recovery Period

1.00€
Invested Capital
July 1987
10.64€
Final Capital
June 2025
6.42%
Yearly Return
9.05%
Std Deviation
-28.97%
Max Drawdown
114months
Recovery Period

As of June 2025, in the previous 30 Years, the Aleks Bleck Northern Finance Portfolio obtained a 8.53% compound annual return, with a 14.83% standard deviation. It suffered a maximum drawdown of -47.98% that required 57 months to be recovered.

As of June 2025, in the previous 30 Years, the Aim Ways Shield Strategy To EUR Bond Hedged Portfolio obtained a 8.99% compound annual return, with a 8.54% standard deviation. It suffered a maximum drawdown of -24.42% that required 65 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.

Resources & Extras

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.

Aleks Bleck Northern Finance Portfolio

Weight (%)	Ticker	Name
50.00	IUSQ.DE	iShares MSCI ACWI
20.00	IS3N.DE	iShares Core MSCI Emerg. Markets
15.00	ZPRV.DE	SPDR MSCI USA Small Cap Value Weighted
10.00	SPY2.DE	SPDR Dow Jones Global Real Estate
5.00	SYBA.DE	SPDR Bloomberg Euro Aggregate Bond

Aim Ways Shield Strategy To EUR Bond Hedged Portfolio

Weight (%)	Ticker	Name
21.00	SXR8.DE	iShares Core S&P 500
16.00	SXRV.DE	iShares Nasdaq 100
5.00	IBCK.DE	iShares Edge S&P 500 Minimum Volatility
22.00	VDCE.DE	Vanguard USD Corporate Bond EUR Hedged
16.00	CBUE.DE	iShares USD Treasury Bond 3-7yr Eur Hedged
20.00	PHAU	WisdomTree Physical Gold

Test Your Asset Allocation

Evaluate your portfolio strategy in 7 different currencies

Try the Backtest Tool

Portfolio Returns as of Jun 30, 2025

Returns are calculated in EUR, assuming:

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

Return Comparison

Capital Growth

30 Years
(1995/07 - 2025/06)

All Data
(1987/07 - 2025/06)

Inflation Adjusted:

Swipe left to see all data

	Initial Amount €	Final Amount €	Total Return (%)	Annualized (%)
Northern Finance Aleks Bleck	1 €	11.67 €	1 066.99%	8.53%
Shield Strategy To EUR Bond Hedged Aim Ways	1 €	13.24 €	1 223.60%	8.99%
	Jul 1995	Jun 2025

Loading data
Please wait

Swipe left to see all data

	Initial Amount €	Final Amount €	Total Return (%)	Annualized (%)
Northern Finance Aleks Bleck	1 €	6.38 €	537.90%	6.37%
Shield Strategy To EUR Bond Hedged Aim Ways	1 €	7.24 €	623.51%	6.82%
	Jul 1995	Jun 2025

Loading data
Please wait

Swipe left to see all data

	Initial Amount €	Final Amount €	Total Return (%)	Annualized (%)
Northern Finance Aleks Bleck	1 €	25.50 €	2 449.89%	8.90%
Shield Strategy To EUR Bond Hedged Aim Ways	1 €	24.70 €	2 369.74%	8.80%
	Jul 1987	Jun 2025

Loading data
Please wait

Swipe left to see all data

	Initial Amount €	Final Amount €	Total Return (%)	Annualized (%)
Northern Finance Aleks Bleck	1 €	10.98 €	998.17%	6.51%
Shield Strategy To EUR Bond Hedged Aim Ways	1 €	10.64 €	963.65%	6.42%
	Jul 1987	Jun 2025

Loading data
Please wait

Swipe left to see all data

		Return (%) as of Jun 30, 2025
		YTD (6M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~38Y)
	Northern Finance Aleks Bleck	-3.31	1.04	-3.31	3.84	10.75	7.28	8.53	8.90
	Shield Strategy • Bond Hedged Aim Ways	0.95	0.21	0.95	9.18	8.76	8.74	8.99	8.80
Returns over 1 year are annualized.

Explore All Lazy Portfolios

Tailored Portfolios for every Investment Strategy

USD

CAD

EUR

Readings that may interest you

Portfolio Metrics as of Jun 30, 2025

The following metrics, updated as of 30 June 2025, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON

Period: 1 July 2024 - 30 June 2025 (1 year)

Period: 1 July 2020 - 30 June 2025 (5 years)

Period: 1 July 2015 - 30 June 2025 (10 years)

Period: 1 July 1995 - 30 June 2025 (30 years)

Period: 1 July 1987 - 30 June 2025 (~38 years)

1 Year

5 Years

10 Years

30 Years

All (1987/07 - 2025/06)

Swipe left to see all data

	Northern Finance	Shield Strategy To EUR Bond Hedged
Author	Aleks Bleck	Aim Ways
ASSET ALLOCATION
Stocks	95%	42%
Fixed Income	5%	38%
Commodities	0%	20%
PERFORMANCES
Annualized Return (%)	3.84	9.18
Infl. Adjusted (%)	2.12	7.38
DRAWDOWN
Deepest Drawdown Depth (%)	-12.23	-4.75
Start to Recovery (months)	5*	5*
Longest Drawdown Depth (%)	-12.23	-4.75
Start to Recovery (months)	5*	5*
Longest Negative Period (months)	10	5
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%)	12.48	6.47
Sharpe Ratio	-0.06	0.70
Sortino Ratio	-0.09	1.00
Ulcer Index	5.04	1.88
Ratio: Return / Standard Deviation	0.31	1.42
Ratio: Return / Deepest Drawdown	0.31	1.93
Metrics calculated over the period 1 July 2024 - 30 June 2025

Swipe left to see all data

	Northern Finance	Shield Strategy To EUR Bond Hedged
Author	Aleks Bleck	Aim Ways
ASSET ALLOCATION
Stocks	95%	42%
Fixed Income	5%	38%
Commodities	0%	20%
PERFORMANCES
Annualized Return (%)	10.75	8.76
Infl. Adjusted (%)	6.47	4.56
DRAWDOWN
Deepest Drawdown Depth (%)	-13.13	-12.28
Start to Recovery (months)	25	24
Longest Drawdown Depth (%)	-13.13	-12.28
Start to Recovery (months)	25	24
Longest Negative Period (months)	30	24
RISK INDICATORS
Standard Deviation (%)	12.20	7.55
Sharpe Ratio	0.66	0.81
Sortino Ratio	0.93	1.10
Ulcer Index	5.60	4.36
Ratio: Return / Standard Deviation	0.88	1.16
Ratio: Return / Deepest Drawdown	0.82	0.71
Metrics calculated over the period 1 July 2020 - 30 June 2025

Swipe left to see all data

	Northern Finance	Shield Strategy To EUR Bond Hedged
Author	Aleks Bleck	Aim Ways
ASSET ALLOCATION
Stocks	95%	42%
Fixed Income	5%	38%
Commodities	0%	20%
PERFORMANCES
Annualized Return (%)	7.28	8.74
Infl. Adjusted (%)	4.67	6.10
DRAWDOWN
Deepest Drawdown Depth (%)	-22.64	-12.28
Start to Recovery (months)	12	24
Longest Drawdown Depth (%)	-13.13	-12.28
Start to Recovery (months)	25	24
Longest Negative Period (months)	39	24
RISK INDICATORS
Standard Deviation (%)	13.23	7.43
Sharpe Ratio	0.41	0.93
Sortino Ratio	0.54	1.32
Ulcer Index	5.96	3.31
Ratio: Return / Standard Deviation	0.55	1.18
Ratio: Return / Deepest Drawdown	0.32	0.71
Metrics calculated over the period 1 July 2015 - 30 June 2025

Swipe left to see all data

	Northern Finance	Shield Strategy To EUR Bond Hedged
Author	Aleks Bleck	Aim Ways
ASSET ALLOCATION
Stocks	95%	42%
Fixed Income	5%	38%
Commodities	0%	20%
PERFORMANCES
Annualized Return (%)	8.53	8.99
Infl. Adjusted (%)	6.37	6.82
DRAWDOWN
Deepest Drawdown Depth (%)	-47.98	-24.42
Start to Recovery (months)	57	65
Longest Drawdown Depth (%)	-38.94	-24.42
Start to Recovery (months)	59	65
Longest Negative Period (months)	118	103
RISK INDICATORS
Standard Deviation (%)	14.83	8.54
Sharpe Ratio	0.42	0.79
Sortino Ratio	0.56	1.09
Ulcer Index	12.91	7.09
Ratio: Return / Standard Deviation	0.58	1.05
Ratio: Return / Deepest Drawdown	0.18	0.37
Metrics calculated over the period 1 July 1995 - 30 June 2025

Swipe left to see all data

	Northern Finance	Shield Strategy To EUR Bond Hedged
Author	Aleks Bleck	Aim Ways
ASSET ALLOCATION
Stocks	95%	42%
Fixed Income	5%	38%
Commodities	0%	20%
PERFORMANCES
Annualized Return (%)	8.90	8.80
Infl. Adjusted (%)	6.51	6.42
DRAWDOWN
Deepest Drawdown Depth (%)	-47.98	-24.42
Start to Recovery (months)	57	65
Longest Drawdown Depth (%)	-38.94	-24.42
Start to Recovery (months)	59	65
Longest Negative Period (months)	118	103
RISK INDICATORS
Standard Deviation (%)	16.27	9.05
Sharpe Ratio	0.37	0.65
Sortino Ratio	0.49	0.90
Ulcer Index	12.95	6.90
Ratio: Return / Standard Deviation	0.55	0.97
Ratio: Return / Deepest Drawdown	0.19	0.36
Metrics calculated over the period 1 July 1987 - 30 June 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 July 1995 - 30 June 2025 (30 years)

Period: 1 July 1987 - 30 June 2025 (~38 years)

30 Years
(1995/07 - 2025/06)

Chart Table

Loading data
Please wait

Swipe left to see all data

Northern Finance			Shield Strategy To EUR Bond Hedged
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-47.98	57	Nov 2007 Jul 2012
-38.94	59	Sep 2000 Jul 2005
-25.25	13	Apr 1998 Apr 1999
			-24.42	65	Sep 2000 Jan 2006
-22.64	12	Jan 2020 Dec 2020
-14.58	20	Apr 2015 Nov 2016
-13.13	25	Jan 2022 Jan 2024
-12.67	8	Aug 1997 Mar 1998
			-12.28	24	Jan 2022 Dec 2023
-12.23	5*	Feb 2025 In progress
			-12.05	23	Nov 2007 Sep 2009
-10.84	7	Sep 2018 Mar 2019
			-9.51	5	Jul 1998 Nov 1998
-8.10	5	Jul 1999 Nov 1999
-7.91	6	Jun 1996 Nov 1996

Loading data
Please wait

Swipe left to see all data

Northern Finance			Shield Strategy To EUR Bond Hedged
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-47.98	57	Nov 2007 Jul 2012
-38.94	59	Sep 2000 Jul 2005
-34.20	17	Sep 1987 Jan 1989
-32.22	21	Sep 1989 May 1991
-25.25	13	Apr 1998 Apr 1999
			-24.42	65	Sep 2000 Jan 2006
-22.64	12	Jan 2020 Dec 2020
-18.52	24	Feb 1994 Jan 1996
			-16.90	19	Sep 1989 Mar 1991
			-16.33	17	Sep 1987 Jan 1989
-14.95	6	Jun 1992 Nov 1992
-14.58	20	Apr 2015 Nov 2016
-13.13	25	Jan 2022 Jan 2024
-12.67	8	Aug 1997 Mar 1998
			-12.28	24	Jan 2022 Dec 2023

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 July 1987 - 30 June 2025 (~38 years)

Rolling Period:

Northern Finance
Shield Strategy To EUR Bond Hedged

Head To Head (Ptf 1 vs Ptf 2):

Eurozone 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

	Northern Finance		Shield Strategy To EUR Bond Hedged
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2025	-3.31	-12.23	0.95	-4.75
2024	18.08	-2.52	20.38	-0.85
2023	14.24	-7.38	16.38	-2.54
2022	-13.13	-13.13	-12.28	-12.28
2021	27.09	-1.42	16.11	-1.74
2020	1.91	-22.64	12.72	-6.38
2019	26.36	-5.15	23.54	-1.75
2018	-7.04	-10.84	-0.75	-4.98
2017	7.53	-3.54	4.99	-2.76
2016	13.68	-6.31	9.26	-1.32
2015	4.52	-14.58	6.32	-6.61
2014	18.35	-2.40	18.67	-0.90
2013	12.53	-3.73	5.00	-5.26
2012	14.97	-3.30	8.76	-4.16
2011	-5.51	-16.52	9.46	-1.66
2010	23.27	-4.72	17.58	-1.88
2009	34.21	-11.24	20.15	-3.48
2008	-37.14	-37.14	-9.66	-10.93
2007	1.03	-6.76	5.39	-2.38
2006	11.63	-7.89	2.84	-4.23
2005	30.63	-2.70	14.93	-1.28
2004	12.43	-2.34	2.68	-2.33
2003	17.37	-6.41	8.16	-2.96
2002	-24.73	-30.55	-9.58	-13.84
2001	-0.43	-21.21	-1.56	-9.23
2000	1.34	-12.95	-1.49	-12.50
1999	44.94	-8.10	32.92	-3.93
1998	-0.56	-25.25	18.59	-9.51
1997	27.28	-12.67	20.27	-6.78
1996	16.89	-7.91	13.35	-4.19
1995	11.23	-6.19	21.52	-0.55
1994	-9.82	-13.88	-6.89	-9.39
1993	50.13	-1.93	20.16	-3.15
1992	10.00	-14.95	14.24	-7.10
1991	43.99	-8.12	26.41	-2.92
1990	-23.80	-28.04	-7.65	-13.44
1989	30.64	-6.34	15.23	-3.99
1988	40.48	-5.63	12.67	-5.51

Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of Jun 30, 2025

Portfolio Metrics as of Jun 30, 2025

Drawdowns

Rolling Returns

Yearly Returns