Ray Dalio All Weather Portfolio To EUR Hedged vs Stocks/Bonds 80/20 To EUR Bond Hedged Portfolio Portfolio Comparison

Simulation Settings
Period: August 1953 - May 2025 (~72 years)
Consolidated Returns as of 31 May 2025
Rebalancing: at every Jan 1st
Currency: EUR
Inflation: Eurozone
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Results
30 Years
All (since August 1953)
Inflation Adjusted:
Ray Dalio All Weather Portfolio To EUR Hedged
1.00€
Initial Capital
June 1995
6.47€
Final Capital
May 2025
6.42%
Yearly Return
7.30%
Std Deviation
-23.92%
Max Drawdown
41months*
Recovery Period
* in progress
1.00€
Initial Capital
June 1995
3.52€
Final Capital
May 2025
4.29%
Yearly Return
7.30%
Std Deviation
-33.12%
Max Drawdown
45months*
Recovery Period
* in progress
1.00€
Initial Capital
August 1953
170.02€
Final Capital
May 2025
7.41%
Yearly Return
7.31%
Std Deviation
-23.92%
Max Drawdown
41months*
Recovery Period
* in progress
1.00€
Initial Capital
August 1953
25.61€
Final Capital
May 2025
4.62%
Yearly Return
7.31%
Std Deviation
-33.12%
Max Drawdown
45months*
Recovery Period
* in progress
Stocks/Bonds 80/20 To EUR Bond Hedged Portfolio
1.00€
Initial Capital
June 1995
16.24€
Final Capital
May 2025
9.74%
Yearly Return
12.82%
Std Deviation
-42.48%
Max Drawdown
137months
Recovery Period
1.00€
Initial Capital
June 1995
8.85€
Final Capital
May 2025
7.54%
Yearly Return
12.82%
Std Deviation
-51.88%
Max Drawdown
159months
Recovery Period
1.00€
Initial Capital
August 1953
1.2K€
Final Capital
May 2025
10.31%
Yearly Return
13.21%
Std Deviation
-42.48%
Max Drawdown
137months
Recovery Period
1.00€
Initial Capital
August 1953
173.50€
Final Capital
May 2025
7.44%
Yearly Return
13.21%
Std Deviation
-51.88%
Max Drawdown
159months
Recovery Period

As of May 2025, in the previous 30 Years, the Ray Dalio All Weather Portfolio To EUR Hedged obtained a 6.42% compound annual return, with a 7.30% standard deviation. It suffered a maximum drawdown of -23.92% which has been ongoing for 41 months and is still in progress.

As of May 2025, in the previous 30 Years, the Stocks/Bonds 80/20 To EUR Bond Hedged Portfolio obtained a 9.74% compound annual return, with a 12.82% standard deviation. It suffered a maximum drawdown of -42.48% that required 137 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.

Ray Dalio All Weather Portfolio To EUR Hedged
Weight
(%)		 Ticker Name
30.00
XD9E.DE
Xtrackers MSCI USA EUR Hedged
40.00
IUSV.DE
iShares USD Treasury Bond 20+yr EUR Hedged
15.00
CBUE.DE
iShares USD Treasury Bond 3-7yr Eur Hedged
7.50
BCFE.DE
UBS CMCI Composite SF Eur Hedged
7.50
GBSE
WisdomTree Physical Gold EUR Hedged
Stocks/Bonds 80/20 To EUR Bond Hedged Portfolio
Weight
(%)		 Ticker Name
80.00
XD9U.DE
Xtrackers MSCI USA
20.00
CEBW.DE
iShares US Aggregate Bond EUR Hedged
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Portfolio Returns as of May 31, 2025

Returns are calculated in EUR, assuming:
  • no fees or capital gain taxes.
  • rebalancing: at every Jan 1st.
  • dividend reinvestment, when applicable.
RETURN COMPARISON
Period: 1 August 1953 - 31 May 2025 (~72 years)
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Return (%) as of May 31, 2025
YTD
(5M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~72Y)
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_ray_dalio.webp All Weather Portfolio • Hedged
Ray Dalio 		1.61 0.17 -1.63 6.43 0.91 3.02 6.42 7.41
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_us_author.webp Stocks/Bonds 80/20 • Bond Hedged
-- Market Benchmark 		-5.96 5.25 -7.03 8.99 11.83 9.74 9.74 10.31
Return over 1 year are annualized.
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Capital Growth as of May 31, 2025

Ray Dalio All Weather Portfolio To EUR Hedged: an investment of 1€, since June 1995, now would be worth 6.47€, with a total return of 546.87% (6.42% annualized).

Stocks/Bonds 80/20 To EUR Bond Hedged Portfolio: an investment of 1€, since June 1995, now would be worth 16.24€, with a total return of 1523.86% (9.74% annualized).


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Ray Dalio All Weather Portfolio To EUR Hedged: an investment of 1€, since August 1953, now would be worth 170.02€, with a total return of 16902.36% (7.41% annualized).

Stocks/Bonds 80/20 To EUR Bond Hedged Portfolio: an investment of 1€, since August 1953, now would be worth 1151.75€, with a total return of 115075.33% (10.31% annualized).


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Portfolio Metrics as of May 31, 2025

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

METRIC COMPARISON
Period: 1 June 2024 - 31 May 2025 (1 year)
Period: 1 June 2020 - 31 May 2025 (5 years)
Period: 1 June 2015 - 31 May 2025 (10 years)
Period: 1 June 1995 - 31 May 2025 (30 years)
Period: 1 August 1953 - 31 May 2025 (~72 years)
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All Weather Portfolio To EUR Hedged Stocks/Bonds 80/20 To EUR Bond Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 80%
Fixed Income 55% 20%
Commodities 15% 0%
PERFORMANCES
Annualized Return (%) 6.43 8.99
Infl. Adjusted Return (%) 4.40 6.91
DRAWDOWN
Deepest Drawdown Depth (%) -3.19 -13.60
Start to Recovery (months) 8* 4*
Longest Drawdown Depth (%) -3.19 -13.60
Start to Recovery (months) 8* 4*
Longest Negative Period (months) 8* 10
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 6.38 14.39
Sharpe Ratio 0.27 0.30
Sortino Ratio 0.35 0.41
Ulcer Index 1.38 5.38
Ratio: Return / Standard Deviation 1.01 0.63
Ratio: Return / Deepest Drawdown 2.01 0.66
Metrics calculated over the period 1 June 2024 - 31 May 2025
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All Weather Portfolio To EUR Hedged Stocks/Bonds 80/20 To EUR Bond Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 80%
Fixed Income 55% 20%
Commodities 15% 0%
PERFORMANCES
Annualized Return (%) 0.91 11.83
Infl. Adjusted Return (%) -3.07 7.42
DRAWDOWN
Deepest Drawdown Depth (%) -23.92 -14.68
Start to Recovery (months) 41* 24
Longest Drawdown Depth (%) -23.92 -14.68
Start to Recovery (months) 41* 24
Longest Negative Period (months) 58* 26
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 9.82 12.25
Sharpe Ratio -0.17 0.75
Sortino Ratio -0.24 1.04
Ulcer Index 12.03 5.99
Ratio: Return / Standard Deviation 0.09 0.97
Ratio: Return / Deepest Drawdown 0.04 0.81
Metrics calculated over the period 1 June 2020 - 31 May 2025
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All Weather Portfolio To EUR Hedged Stocks/Bonds 80/20 To EUR Bond Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 80%
Fixed Income 55% 20%
Commodities 15% 0%
PERFORMANCES
Annualized Return (%) 3.02 9.74
Infl. Adjusted Return (%) 0.51 7.06
DRAWDOWN
Deepest Drawdown Depth (%) -23.92 -14.68
Start to Recovery (months) 41* 24
Longest Drawdown Depth (%) -23.92 -14.68
Start to Recovery (months) 41* 24
Longest Negative Period (months) 58* 26
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 8.06 12.25
Sharpe Ratio 0.15 0.65
Sortino Ratio 0.21 0.89
Ulcer Index 8.73 5.09
Ratio: Return / Standard Deviation 0.37 0.79
Ratio: Return / Deepest Drawdown 0.13 0.66
Metrics calculated over the period 1 June 2015 - 31 May 2025
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All Weather Portfolio To EUR Hedged Stocks/Bonds 80/20 To EUR Bond Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 80%
Fixed Income 55% 20%
Commodities 15% 0%
PERFORMANCES
Annualized Return (%) 6.42 9.74
Infl. Adjusted Return (%) 4.29 7.54
DRAWDOWN
Deepest Drawdown Depth (%) -23.92 -42.48
Start to Recovery (months) 41* 137
Longest Drawdown Depth (%) -23.92 -42.48
Start to Recovery (months) 41* 137
Longest Negative Period (months) 58* 141
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 7.30 12.82
Sharpe Ratio 0.57 0.58
Sortino Ratio 0.76 0.78
Ulcer Index 5.41 15.13
Ratio: Return / Standard Deviation 0.88 0.76
Ratio: Return / Deepest Drawdown 0.27 0.23
Metrics calculated over the period 1 June 1995 - 31 May 2025
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All Weather Portfolio To EUR Hedged Stocks/Bonds 80/20 To EUR Bond Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 80%
Fixed Income 55% 20%
Commodities 15% 0%
PERFORMANCES
Annualized Return (%) 7.41 10.31
Infl. Adjusted Return (%) 4.62 7.44
DRAWDOWN
Deepest Drawdown Depth (%) -23.92 -42.48
Start to Recovery (months) 41* 137
Longest Drawdown Depth (%) -23.92 -42.48
Start to Recovery (months) 41* 137
Longest Negative Period (months) 68 141
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 7.31 13.21
Sharpe Ratio 0.44 0.47
Sortino Ratio 0.62 0.64
Ulcer Index 4.52 12.01
Ratio: Return / Standard Deviation 1.01 0.78
Ratio: Return / Deepest Drawdown 0.31 0.24
Metrics calculated over the period 1 August 1953 - 31 May 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 June 1995 - 31 May 2025 (30 years)
Period: 1 August 1953 - 31 May 2025 (~72 years)

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All Weather Portfolio To EUR Hedged Stocks/Bonds 80/20 To EUR Bond Hedged
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-42.48 137 Sep 2000
Jan 2012
-23.92 41* Jan 2022
In progress
-16.10 6 Jul 1998
Dec 1998
-14.68 24 Jan 2022
Dec 2023
-14.32 7 Feb 2020
Aug 2020
-13.60 4* Feb 2025
In progress
-11.36 9 Jan 2009
Sep 2009
-10.77 6 Jul 2008
Dec 2008
-10.32 6 Oct 2018
Mar 2019
-9.11 8 Apr 2015
Nov 2015
-8.31 8 Dec 2015
Jul 2016
-7.78 5 Jul 1999
Nov 1999
-7.12 4 Jun 1996
Sep 1996
-7.11 17 Feb 2015
Jun 2016
-6.69 13 Aug 2016
Aug 2017

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All Weather Portfolio To EUR Hedged Stocks/Bonds 80/20 To EUR Bond Hedged
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-42.48 137 Sep 2000
Jan 2012
-41.03 39 Jan 1973
Mar 1976
-30.08 19 Sep 1987
Mar 1989
-26.35 20 Sep 1989
Apr 1991
-24.58 28 Dec 1968
Mar 1971
-23.92 41* Jan 2022
In progress
-17.96 23 Dec 1980
Oct 1982
-17.53 16 Jan 1962
Apr 1963
-16.10 6 Jul 1998
Dec 1998
-15.33 27 Jan 1977
Mar 1979
-15.12 29 Sep 1968
Jan 1971
-14.68 24 Jan 2022
Dec 2023
-14.32 7 Feb 2020
Aug 2020
-13.60 4* Feb 2025
In progress
-12.30 13 Jun 1986
Jun 1987

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 August 1953 - 31 May 2025 (~72 years)


Head To Head (Ptf 1 vs Ptf 2):
Eurozone 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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All Weather Portfolio To EUR Hedged Stocks/Bonds 80/20 To EUR Bond Hedged
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 1.61 -1.22 -5.96 -13.60
2024
 4.95 -3.29 25.80 -2.34
2023
 7.48 -9.47 18.54 -5.06
2022
 -20.52 -22.26 -14.68 -14.68
2021
 7.00 -4.48 30.07 -2.03
2020
 14.85 -3.46 8.93 -14.32
2019
 14.28 -1.05 28.99 -3.83
2018
 -5.10 -6.41 -1.50 -10.32
2017
 9.32 -0.64 5.85 -4.52
2016
 5.57 -6.69 11.94 -5.27
2015
 -3.89 -7.11 9.86 -9.11
2014
 12.56 -2.54 24.44 -0.74
2013
 1.70 -5.38 22.07 -2.17
2012
 7.42 -1.31 12.11 -2.11
2011
 16.50 -1.94 5.23 -8.46
2010
 13.44 -0.65 21.88 -5.02
2009
 3.45 -11.36 21.56 -7.91
2008
 4.10 -10.77 -25.65 -25.65
2007
 10.37 -1.46 -2.64 -8.07
2006
 4.37 -2.74 3.40 -6.26
2005
 6.99 -3.31 17.55 -2.09
2004
 9.78 -4.70 4.69 -3.12
2003
 14.95 -4.63 8.24 -5.51
2002
 9.11 -1.36 -24.10 -27.27
2001
 -2.55 -4.72 -2.92 -17.76
2000
 7.59 -2.69 -1.76 -15.02
1999
 3.64 -3.95 34.61 -7.78
1998
 9.91 -5.02 13.95 -16.10
1997
 12.23 -3.07 41.18 -6.21
1996
 7.36 -2.49 19.16 -7.12
1995
 27.04 0.00 27.87 -1.48
1994
 -1.75 -5.84 -7.77 -11.95
1993
 17.03 -1.71 18.71 -3.61
1992
 12.69 -1.05 19.48 -9.59
1991
 21.60 -1.64 32.05 -7.20
1990
 3.69 -5.66 -12.80 -19.86
1989
 17.61 -1.45 23.11 -8.68
1988
 7.43 -2.46 25.74 -6.31
1987
 1.54 -9.34 -12.87 -30.08
1986
 19.04 -3.80 -1.25 -12.30
1985
 25.64 -2.33 7.80 -11.84
1984
 3.14 -8.07 16.49 -9.36
1983
 3.11 -4.60 36.65 -2.35
1982
 26.66 -3.95 32.29 -2.23
1981
 -10.25 -16.80 11.91 -11.57
1980
 5.64 -11.90 37.46 -6.40
1979
 12.78 -7.15 18.24 -7.44
1978
 2.49 -4.47 -1.73 -10.35
1977
 0.59 -2.85 -8.06 -8.81
1976
 14.89 -1.20 25.80 -1.81
1975
 12.43 -5.48 42.85 -10.18
1974
 -0.02 -12.28 -26.01 -30.48
1973
 5.94 -2.85 -17.89 -21.77
1972
 14.33 -0.07 12.89 -1.89
1971
 16.25 -3.36 9.88 -7.74
1970
 12.27 -7.31 7.04 -14.74
1969
 -9.33 -9.68 -8.37 -9.31
1968
 3.17 -2.59 11.51 -3.72
1967
 4.57 -2.47 22.63 -3.90
1966
 0.22 -5.81 -5.74 -12.19
1965
 4.41 -1.11 11.73 -3.59
1964
 7.59 -0.31 13.99 -1.05
1963
 7.31 -0.97 17.30 -2.26
1962
 1.34 -5.86 -6.30 -17.53
1961
 9.61 -1.37 20.78 -2.30
1960
 10.60 -1.41 3.66 -5.41
1959
 2.42 -2.84 9.88 -4.61
1958
 12.38 -0.77 40.63 -1.06
1957
 3.48 -3.03 -1.80 -6.62
1956
 3.19 -2.97 6.76 -6.12
1955
 8.68 -0.46 21.68 -2.28
1954
 20.92 -0.98 40.95 -2.88
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