Ray Dalio All Weather Portfolio To EUR vs Stocks/Bonds 40/60 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
1.00€
Initial Capital
June 1995
9.51€
Final Capital
May 2025
7.80%
Yearly Return
9.51%
Std Deviation
-18.09%
Max Drawdown
59months
Recovery Period
1.00€
Initial Capital
June 1995
5.18€
Final Capital
May 2025
5.63%
Yearly Return
9.51%
Std Deviation
-24.54%
Max Drawdown
41months*
Recovery Period
* in progress
1.00€
Initial Capital
August 1953
274.69€
Final Capital
May 2025
8.13%
Yearly Return
9.95%
Std Deviation
-23.42%
Max Drawdown
32months
Recovery Period
1.00€
Initial Capital
August 1953
41.38€
Final Capital
May 2025
5.32%
Yearly Return
9.95%
Std Deviation
-24.54%
Max Drawdown
41months*
Recovery Period
* in progress
Stocks/Bonds 40/60 To EUR Bond Hedged Portfolio
1.00€
Initial Capital
June 1995
7.37€
Final Capital
May 2025
6.89%
Yearly Return
6.86%
Std Deviation
-14.66%
Max Drawdown
31months
Recovery Period
1.00€
Initial Capital
June 1995
4.02€
Final Capital
May 2025
4.74%
Yearly Return
6.86%
Std Deviation
-22.77%
Max Drawdown
41months*
Recovery Period
* in progress
1.00€
Initial Capital
August 1953
242.43€
Final Capital
May 2025
7.94%
Yearly Return
7.62%
Std Deviation
-20.48%
Max Drawdown
30months
Recovery Period
1.00€
Initial Capital
August 1953
36.52€
Final Capital
May 2025
5.14%
Yearly Return
7.62%
Std Deviation
-29.95%
Max Drawdown
122months
Recovery Period

As of May 2025, in the previous 30 Years, the Ray Dalio All Weather Portfolio To EUR obtained a 7.80% compound annual return, with a 9.51% standard deviation. It suffered a maximum drawdown of -18.09% that required 59 months to be recovered.

As of May 2025, in the previous 30 Years, the Stocks/Bonds 40/60 To EUR Bond Hedged Portfolio obtained a 6.89% compound annual return, with a 6.86% standard deviation. It suffered a maximum drawdown of -14.66% that required 31 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
Weight
(%)		 Ticker Name
30.00
XD9U.DE
Xtrackers MSCI USA
40.00
IS04.DE
iShares USD Treasury Bond 20+yr
15.00
SXRL.DE
iShares USD Treasury Bond 3-7yr
7.50
PHAU
WisdomTree Physical Gold
7.50
UIQK.DE
UBS CMCI Composite SF
Stocks/Bonds 40/60 To EUR Bond Hedged Portfolio
Weight
(%)		 Ticker Name
40.00
XD9U.DE
Xtrackers MSCI USA
60.00
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
Ray Dalio 		-4.38 0.30 -6.47 4.54 2.72 4.67 7.80 8.13
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_us_author.webp Stocks/Bonds 40/60 • Bond Hedged
-- Market Benchmark 		-2.21 1.94 -3.60 6.49 4.85 5.02 6.89 7.94
Return over 1 year are annualized.
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Capital Growth as of May 31, 2025

Ray Dalio All Weather Portfolio To EUR: an investment of 1€, since June 1995, now would be worth 9.51€, with a total return of 850.78% (7.80% annualized).

Stocks/Bonds 40/60 To EUR Bond Hedged Portfolio: an investment of 1€, since June 1995, now would be worth 7.37€, with a total return of 637.39% (6.89% annualized).


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Ray Dalio All Weather Portfolio To EUR: an investment of 1€, since August 1953, now would be worth 274.69€, with a total return of 27368.91% (8.13% annualized).

Stocks/Bonds 40/60 To EUR Bond Hedged Portfolio: an investment of 1€, since August 1953, now would be worth 242.43€, with a total return of 24143.15% (7.94% 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 Stocks/Bonds 40/60 To EUR Bond Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 40%
Fixed Income 55% 60%
Commodities 15% 0%
PERFORMANCES
Annualized Return (%) 4.54 6.49
Infl. Adjusted Return (%) 2.54 4.45
DRAWDOWN
Deepest Drawdown Depth (%) -7.91 -5.97
Start to Recovery (months) 3* 4*
Longest Drawdown Depth (%) -7.91 -5.97
Start to Recovery (months) 3* 4*
Longest Negative Period (months) 10* 8
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 9.29 7.53
Sharpe Ratio -0.02 0.24
Sortino Ratio -0.02 0.33
Ulcer Index 3.30 2.37
Ratio: Return / Standard Deviation 0.49 0.86
Ratio: Return / Deepest Drawdown 0.57 1.09
Metrics calculated over the period 1 June 2024 - 31 May 2025
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All Weather Portfolio To EUR Stocks/Bonds 40/60 To EUR Bond Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 40%
Fixed Income 55% 60%
Commodities 15% 0%
PERFORMANCES
Annualized Return (%) 2.72 4.85
Infl. Adjusted Return (%) -1.32 0.72
DRAWDOWN
Deepest Drawdown Depth (%) -14.85 -14.55
Start to Recovery (months) 33 30
Longest Drawdown Depth (%) -14.85 -14.55
Start to Recovery (months) 33 30
Longest Negative Period (months) 42* 35
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 8.16 7.91
Sharpe Ratio 0.01 0.28
Sortino Ratio 0.02 0.39
Ulcer Index 6.49 6.57
Ratio: Return / Standard Deviation 0.33 0.61
Ratio: Return / Deepest Drawdown 0.18 0.33
Metrics calculated over the period 1 June 2020 - 31 May 2025
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All Weather Portfolio To EUR Stocks/Bonds 40/60 To EUR Bond Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 40%
Fixed Income 55% 60%
Commodities 15% 0%
PERFORMANCES
Annualized Return (%) 4.67 5.02
Infl. Adjusted Return (%) 2.12 2.45
DRAWDOWN
Deepest Drawdown Depth (%) -14.85 -14.55
Start to Recovery (months) 33 30
Longest Drawdown Depth (%) -14.85 -14.55
Start to Recovery (months) 33 30
Longest Negative Period (months) 42 35
RISK INDICATORS
Standard Deviation (%) 7.67 7.19
Sharpe Ratio 0.38 0.45
Sortino Ratio 0.55 0.62
Ulcer Index 4.99 4.84
Ratio: Return / Standard Deviation 0.61 0.70
Ratio: Return / Deepest Drawdown 0.31 0.34
Metrics calculated over the period 1 June 2015 - 31 May 2025
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All Weather Portfolio To EUR Stocks/Bonds 40/60 To EUR Bond Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 40%
Fixed Income 55% 60%
Commodities 15% 0%
PERFORMANCES
Annualized Return (%) 7.80 6.89
Infl. Adjusted Return (%) 5.63 4.74
DRAWDOWN
Deepest Drawdown Depth (%) -18.09 -14.66
Start to Recovery (months) 59 31
Longest Drawdown Depth (%) -18.09 -12.03
Start to Recovery (months) 59 52
Longest Negative Period (months) 95 102
RISK INDICATORS
Standard Deviation (%) 9.51 6.86
Sharpe Ratio 0.58 0.67
Sortino Ratio 0.87 0.92
Ulcer Index 6.24 4.25
Ratio: Return / Standard Deviation 0.82 1.00
Ratio: Return / Deepest Drawdown 0.43 0.47
Metrics calculated over the period 1 June 1995 - 31 May 2025
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All Weather Portfolio To EUR Stocks/Bonds 40/60 To EUR Bond Hedged
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 40%
Fixed Income 55% 60%
Commodities 15% 0%
PERFORMANCES
Annualized Return (%) 8.13 7.94
Infl. Adjusted Return (%) 5.32 5.14
DRAWDOWN
Deepest Drawdown Depth (%) -23.42 -20.48
Start to Recovery (months) 32 30
Longest Drawdown Depth (%) -18.09 -12.03
Start to Recovery (months) 59 52
Longest Negative Period (months) 95 102
RISK INDICATORS
Standard Deviation (%) 9.95 7.62
Sharpe Ratio 0.40 0.50
Sortino Ratio 0.59 0.69
Ulcer Index 5.83 4.26
Ratio: Return / Standard Deviation 0.82 1.04
Ratio: Return / Deepest Drawdown 0.35 0.39
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 Stocks/Bonds 40/60 To EUR Bond Hedged
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-18.09 59 Nov 2000
Sep 2005
-14.85 33 Jan 2022
Sep 2024
-14.66 31 Jun 2007
Dec 2009
-14.55 30 Jan 2022
Jun 2024
-12.03 52 Sep 2000
Dec 2004
-9.54 33 Mar 2006
Nov 2008
-9.23 24 Aug 2012
Jul 2014
-8.50 14 Dec 2008
Jan 2010
-8.09 15 Apr 2015
Jun 2016
-7.91 3* Mar 2025
In progress
-7.77 7 Jul 1998
Jan 1999
-7.50 6 Jul 1998
Dec 1998
-7.30 13 Sep 2010
Sep 2011
-7.14 5 Feb 2020
Jun 2020
-6.83 18 Mar 2017
Aug 2018

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All Weather Portfolio To EUR Stocks/Bonds 40/60 To EUR Bond Hedged
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-23.42 32 Jun 1986
Jan 1989
-20.48 30 Jan 1973
Jun 1975
-20.14 20 Sep 1989
Apr 1991
-18.09 59 Nov 2000
Sep 2005
-16.57 22 Feb 1994
Nov 1995
-16.17 17 Sep 1987
Jan 1989
-14.85 33 Jan 2022
Sep 2024
-14.66 31 Jun 2007
Dec 2009
-14.55 30 Jan 2022
Jun 2024
-14.35 17 Feb 1974
Jun 1975
-13.94 25 Dec 1968
Dec 1970
-12.97 12 Jan 1973
Dec 1973
-12.60 25 Dec 1968
Dec 1970
-12.03 52 Sep 2000
Dec 2004
-11.28 27 Jan 1977
Mar 1979

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 Stocks/Bonds 40/60 To EUR Bond Hedged
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 -4.38 -7.91 -2.21 -5.97
2024
 12.32 -2.32 12.23 -2.69
2023
 7.25 -5.45 11.17 -4.92
2022
 -14.06 -14.06 -14.55 -14.55
2021
 16.23 -2.18 13.86 -1.59
2020
 6.82 -2.30 7.92 -7.14
2019
 21.06 -1.55 17.58 -1.30
2018
 0.53 -4.01 -1.90 -5.16
2017
 -0.07 -6.12 4.00 -1.37
2016
 8.08 -2.04 6.84 -2.06
2015
 6.64 -8.09 4.97 -5.11
2014
 27.36 0.00 14.95 0.00
2013
 -2.32 -7.08 10.00 -1.60
2012
 4.87 -6.96 7.82 -1.37
2011
 19.59 -4.90 6.97 -1.93
2010
 20.81 -7.08 14.30 -1.41
2009
 0.36 -7.51 12.97 -5.13
2008
 6.75 -6.37 -8.50 -9.68
2007
 1.21 -2.36 1.42 -2.69
2006
 -4.06 -8.39 2.59 -4.08
2005
 24.27 -2.09 9.23 -1.42
2004
 1.58 -5.37 4.64 -1.63
2003
 -4.94 -6.03 6.56 -1.98
2002
 -8.57 -12.50 -7.24 -10.31
2001
 2.85 -8.57 2.88 -6.53
2000
 17.75 -8.37 3.52 -5.95
1999
 23.67 -4.40 15.69 -4.27
1998
 4.11 -7.77 10.71 -7.50
1997
 29.52 -5.02 24.68 -3.23
1996
 10.34 -5.37 10.93 -3.31
1995
 22.37 -3.05 22.84 -0.41
1994
 -12.26 -16.57 -4.44 -8.05
1993
 21.25 -3.56 16.65 -1.21
1992
 18.48 -9.85 16.29 -1.66
1991
 20.64 -6.12 25.41 -2.19
1990
 -9.46 -13.83 -2.16 -8.04
1989
 18.59 -7.32 17.04 -3.03
1988
 23.59 -6.24 15.01 -3.49
1987
 -15.30 -20.23 -6.62 -16.17
1986
 -0.02 -9.58 6.20 -3.99
1985
 2.83 -10.14 13.58 -5.00
1984
 24.92 -9.13 13.15 -7.76
1983
 26.97 -2.02 18.99 -1.38
1982
 46.21 -0.90 29.23 -0.75
1981
 14.87 -7.87 6.96 -7.70
1980
 21.99 -5.27 17.97 -6.67
1979
 17.96 -6.16 8.93 -6.95
1978
 -2.44 -9.12 -2.53 -6.05
1977
 -4.83 -5.47 -4.28 -4.82
1976
 18.13 -2.57 19.34 -1.24
1975
 24.42 -5.34 24.86 -6.27
1974
 -6.20 -14.35 -11.09 -15.89
1973
 0.00 -12.97 -7.06 -12.15
1972
 12.41 -1.04 7.73 -0.94
1971
 6.77 -5.03 10.48 -6.06
1970
 9.98 -8.10 12.95 -8.76
1969
 -6.10 -7.67 -6.43 -7.73
1968
 6.42 -2.36 6.02 -3.25
1967
 5.85 -2.60 10.88 -2.40
1966
 0.01 -6.13 -0.16 -7.28
1965
 4.26 -1.03 6.39 -1.44
1964
 7.39 -0.31 9.07 -0.44
1963
 6.67 -1.04 9.74 -1.24
1962
 0.39 -6.18 0.23 -8.06
1961
 6.06 -1.51 12.01 -1.67
1960
 8.45 -1.46 9.40 -2.54
1959
 1.79 -2.76 4.34 -3.18
1958
 14.48 -1.12 20.03 -0.74
1957
 7.23 -2.18 4.41 -2.90
1956
 0.14 -3.61 3.94 -3.68
1955
 7.33 -0.56 11.50 -0.67
1954
 17.40 -1.49 23.16 -1.62
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