Ray Dalio All Weather Portfolio with Bitcoin vs Gold Portfolio Portfolio Comparison

Simulation Settings
Period: January 2011 - November 2025 (~15 years)
Consolidated Returns as of 30 November 2025
Initial Amount: 1$
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 November 2025.
Reset settings
Close
Results
All Data
(2011/01 - 2025/11)
Inflation Adjusted:
Ray Dalio All Weather Portfolio with Bitcoin
1.00$
Invested Capital
January 2011
10.13$
Final Capital
November 2025
16.79%
Yearly Return
35.60%
Std Deviation
-36.76%
Max Drawdown
28months
Recovery Period
1.00$
Invested Capital
January 2011
inf Q$
Final Capital
November 2025
inf%
Yearly Return
35.60%
Std Deviation
-37.42%
Max Drawdown
29months
Recovery Period
Gold Portfolio
1.00$
Invested Capital
January 2011
2.80$
Final Capital
November 2025
7.14%
Yearly Return
15.97%
Std Deviation
-42.91%
Max Drawdown
107months
Recovery Period
1.00$
Invested Capital
January 2011
inf Q$
Final Capital
November 2025
inf%
Yearly Return
15.97%
Std Deviation
-45.71%
Max Drawdown
158months
Recovery Period

As of November 2025, over the analyzed timeframe, the Ray Dalio All Weather Portfolio with Bitcoin obtained a 16.79% compound annual return, with a 35.60% standard deviation. It suffered a maximum drawdown of -36.76% that required 28 months to be recovered.

As of November 2025, over the analyzed timeframe, the Gold Portfolio obtained a 7.14% compound annual return, with a 15.97% standard deviation. It suffered a maximum drawdown of -42.91% that required 107 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.
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

Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

Weight
(%)
Ticker Name
30.00
VTI
Vanguard Total Stock Market
40.00
TLT
iShares 20+ Year Treasury Bond
15.00
IEI
iShares 3-7 Year Treasury Bond
6.50
DBC
Invesco DB Commodity Tracking
6.50
GLD
SPDR Gold Trust
2.00
^BTC
Bitcoin
Weight
(%)
Ticker Name
100.00
GLD
SPDR Gold Trust
Evaluate your portfolio strategy in 7 different currencies

Portfolio Returns as of Nov 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
Capital Growth
All Data
(2011/01 - 2025/11)
Inflation Adjusted:
Swipe left to see all data
Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Ray Dalio All Weather Portfolio with Bitcoin
Ray Dalio
1 $ 10.13 $ 912.69% 16.79%
Gold
1 $ 2.80 $ 179.61% 7.14%

Loading data
Please wait
Swipe left to see all data
Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
Ray Dalio All Weather Portfolio with Bitcoin
Ray Dalio
1 $ inf Q $ inf Q% inf Q%
Gold
1 $ inf Q $ inf Q% inf Q%

Loading data
Please wait
Swipe left to see all data
Return (%) as of Nov 30, 2025
YTD
(11M)
1M 6M 1Y 5Y 10Y MAX
(~15Y)
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_ray_dalio.webp All Weather Portfolio with Bitcoin
Ray Dalio
13.40 0.44 10.70 9.43 4.76 9.73 16.79
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_gold.webp Gold
-- Market Benchmark
60.19 5.37 27.76 57.94 18.40 14.30 7.14
Returns over 1 year are annualized.
Tailored Portfolios for every Investment Strategy

Portfolio Metrics as of Nov 30, 2025

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

METRIC COMPARISON
Period: 1 December 2024 - 30 November 2025 (1 year)
Period: 1 December 2020 - 30 November 2025 (5 years)
Period: 1 December 2015 - 30 November 2025 (10 years)
Period: 1 January 2011 - 30 November 2025 (~15 years)
1 Year
5 Years
10 Years
All (2011/01 - 2025/11)
Swipe left to see all data
All Weather Portfolio with Bitcoin Gold
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 0%
Fixed Income 55% 0%
Commodities 15% 100%
PERFORMANCES
Annualized Return (%) 9.43 57.94
Infl. Adjusted (%) inf inf
DRAWDOWN
Deepest Drawdown Depth (%) -3.51 -1.41
Start to Recovery (months) 3 2
Longest Drawdown Depth (%) -1.84 -1.41
Start to Recovery (months) 4 2
Longest Negative Period (months) 6 3
RISK INDICATORS
Standard Deviation (%) 6.40 13.69
Sharpe Ratio 0.81 3.93
Sortino Ratio 1.05 5.89
Ulcer Index 1.29 0.43
Ratio: Return / Standard Deviation 1.47 4.23
Ratio: Return / Deepest Drawdown 2.69 41.12
Metrics calculated over the period 1 December 2024 - 30 November 2025
Swipe left to see all data
All Weather Portfolio with Bitcoin Gold
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 0%
Fixed Income 55% 0%
Commodities 15% 100%
PERFORMANCES
Annualized Return (%) 4.76 18.40
Infl. Adjusted (%) inf inf
DRAWDOWN
Deepest Drawdown Depth (%) -21.82 -15.91
Start to Recovery (months) 37 12
Longest Drawdown Depth (%) -21.82 -15.91
Start to Recovery (months) 37 12
Longest Negative Period (months) 42 33
RISK INDICATORS
Standard Deviation (%) 10.65 14.56
Sharpe Ratio 0.16 1.06
Sortino Ratio 0.22 1.56
Ulcer Index 9.76 5.09
Ratio: Return / Standard Deviation 0.45 1.26
Ratio: Return / Deepest Drawdown 0.22 1.16
Metrics calculated over the period 1 December 2020 - 30 November 2025
Swipe left to see all data
All Weather Portfolio with Bitcoin Gold
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 0%
Fixed Income 55% 0%
Commodities 15% 100%
PERFORMANCES
Annualized Return (%) 9.73 14.30
Infl. Adjusted (%) inf inf
DRAWDOWN
Deepest Drawdown Depth (%) -21.82 -18.08
Start to Recovery (months) 37 40
Longest Drawdown Depth (%) -21.82 -18.08
Start to Recovery (months) 37 40
Longest Negative Period (months) 42 39
RISK INDICATORS
Standard Deviation (%) 9.65 14.16
Sharpe Ratio 0.80 0.87
Sortino Ratio 1.13 1.32
Ulcer Index 7.04 6.38
Ratio: Return / Standard Deviation 1.01 1.01
Ratio: Return / Deepest Drawdown 0.45 0.79
Metrics calculated over the period 1 December 2015 - 30 November 2025
Swipe left to see all data
All Weather Portfolio with Bitcoin Gold
Author Ray Dalio
ASSET ALLOCATION
Stocks 30% 0%
Fixed Income 55% 0%
Commodities 15% 100%
PERFORMANCES
Annualized Return (%) 16.79 7.14
Infl. Adjusted (%) inf inf
DRAWDOWN
Deepest Drawdown Depth (%) -36.76 -42.91
Start to Recovery (months) 28 107
Longest Drawdown Depth (%) -23.49 -42.91
Start to Recovery (months) 44 107
Longest Negative Period (months) 43 145
RISK INDICATORS
Standard Deviation (%) 35.60 15.97
Sharpe Ratio 0.43 0.36
Sortino Ratio 1.27 0.54
Ulcer Index 12.78 22.29
Ratio: Return / Standard Deviation 0.47 0.45
Ratio: Return / Deepest Drawdown 0.46 0.17
Metrics calculated over the period 1 January 2011 - 30 November 2025
Build wealth
with Lazy Portfolios and Passive Investing

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 December 2015 - 30 November 2025 (10 years)
Period: 1 January 2011 - 30 November 2025 (~15 years)

Loading data
Please wait
Swipe left to see all data
All Weather Portfolio with Bitcoin Gold
Drawdown
(%)
Recovery
(#Months)
From
To
Drawdown
(%)
Recovery
(#Months)
From
To
-42.91 107 Sep 2011
Jul 2020
-36.76 28 Jul 2011
Oct 2013
-23.49 44 Dec 2013
Jul 2017
-21.82 37 Nov 2021
Nov 2024
-18.08 40 Aug 2020
Nov 2023
-6.38 3 Jan 2011
Mar 2011
-4.85 7 Sep 2018
Mar 2019
-4.49 3 Nov 2024
Jan 2025
-4.18 3 May 2011
Jul 2011
-3.51 3 Dec 2024
Feb 2025
-2.97 4 Aug 2020
Nov 2020
-2.82 8 Jan 2018
Aug 2018
-2.65 2 Sep 2021
Oct 2021
-2.02 2 Mar 2020
Apr 2020
-1.84 4 Mar 2025
Jun 2025

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 2011 - 30 November 2025 (~15 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
All Weather Portfolio with Bitcoin Gold
Year Return
(%)
Drawdown
(%)
Return
(%)
Drawdown
(%)
2025
13.40 -1.84 60.19 -0.61
2024
8.49 -4.22 26.66 -4.49
2023
12.99 -8.52 12.69 -7.22
2022
-19.86 -21.79 -0.77 -15.91
2021
9.09 -2.65 -4.15 -10.32
2020
21.78 -2.97 24.81 -10.12
2019
19.48 -1.39 17.86 -4.10
2018
-4.35 -4.85 -1.94 -11.66
2017
38.75 -1.04 12.81 -4.09
2016
8.71 -5.80 8.03 -15.02
2015
-2.16 -6.22 -10.67 -17.81
2014
12.06 -2.72 -2.19 -12.44
2013
125.82 -23.49 -28.33 -28.33
2012
10.54 -1.68 6.60 -10.45
2011
45.03 -36.76 9.57 -14.48
Build wealth
with Lazy Portfolios and Passive Investing