Stocks/Bonds 20/80 Momentum Portfolio vs Ray Dalio All Weather Portfolio Portfolio Comparison

Simulation Settings

Period: January 1982 - March 2026 (~44 years)
Consolidated Returns as of 31 March 2026

Initial Amount: 1$

Rebalancing: at every Jan 1^st

Currency: USD

Inflation: US

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Results

30 Years
(1996/04 - 2026/03)

All Data
(1982/01 - 2026/03)

Inflation Adjusted:

Stocks/Bonds 20/80 Momentum Portfolio

1.00$
Invested Capital
April 1996
5.82$
Final Capital
March 2026
6.05%
Yearly Return
4.98%
Std Deviation
-17.91%
Max Drawdown
40months
Recovery Period

1.00$
Invested Capital
April 1996
2.76$
Final Capital
March 2026
3.45%
Yearly Return
4.98%
Std Deviation
-28.23%
Max Drawdown
63months*
Recovery Period
* in progress

1.00$
Invested Capital
January 1982
31.39$
Final Capital
March 2026
8.10%
Yearly Return
5.50%
Std Deviation
-17.91%
Max Drawdown
40months
Recovery Period

1.00$
Invested Capital
January 1982
9.02$
Final Capital
March 2026
5.10%
Yearly Return
5.50%
Std Deviation
-28.23%
Max Drawdown
63months*
Recovery Period
* in progress

Ray Dalio All Weather Portfolio

1.00$
Invested Capital
April 1996
8.34$
Final Capital
March 2026
7.33%
Yearly Return
7.49%
Std Deviation
-20.58%
Max Drawdown
42months
Recovery Period

1.00$
Invested Capital
April 1996
3.96$
Final Capital
March 2026
4.69%
Yearly Return
7.49%
Std Deviation
-27.85%
Max Drawdown
55months*
Recovery Period
* in progress

1.00$
Invested Capital
January 1982
48.77$
Final Capital
March 2026
9.18%
Yearly Return
7.65%
Std Deviation
-20.58%
Max Drawdown
42months
Recovery Period

1.00$
Invested Capital
January 1982
14.01$
Final Capital
March 2026
6.15%
Yearly Return
7.65%
Std Deviation
-27.85%
Max Drawdown
55months*
Recovery Period
* in progress

As of March 2026, in the previous 30 Years, the Stocks/Bonds 20/80 Momentum Portfolio obtained a 6.05% compound annual return, with a 4.98% standard deviation. It suffered a maximum drawdown of -17.91% that required 40 months to be recovered.

As of March 2026, in the previous 30 Years, the Ray Dalio All Weather Portfolio obtained a 7.33% compound annual return, with a 7.49% standard deviation. It suffered a maximum drawdown of -20.58% that required 42 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.

Resources & Extras

Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

Stocks/Bonds 20/80 Momentum Portfolio

Weight (%)	Ticker	Name
20.00	MTUM	iShares Edge MSCI USA Momentum Fctr
80.00	BND	Vanguard Total Bond Market

Ray Dalio All Weather Portfolio

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
7.50	DBC	Invesco DB Commodity Tracking
7.50	GLD	SPDR Gold Trust

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Portfolio Returns as of Mar 31, 2026

Returns are calculated in USD, assuming:

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

Return Comparison

Capital Growth

30 Years
(1996/04 - 2026/03)

All Data
(1982/01 - 2026/03)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Stocks/Bonds 20/80 Momentum	1 $	5.82 $	482.00%	6.05%
All Weather Portfolio Ray Dalio	1 $	8.34 $	733.77%	7.33%
	Apr 1996	Mar 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Stocks/Bonds 20/80 Momentum	1 $	2.76 $	176.30%	3.45%
All Weather Portfolio Ray Dalio	1 $	3.96 $	295.83%	4.69%
	Apr 1996	Mar 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Stocks/Bonds 20/80 Momentum	1 $	31.39 $	3 039.39%	8.10%
All Weather Portfolio Ray Dalio	1 $	48.77 $	4 777.00%	9.18%
	Jan 1982	Mar 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Stocks/Bonds 20/80 Momentum	1 $	9.02 $	801.92%	5.10%
All Weather Portfolio Ray Dalio	1 $	14.01 $	1 301.11%	6.15%
	Jan 1982	Mar 2026

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		Return (%) as of Mar 31, 2026
		YTD (3M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~44Y)
	Stocks/Bonds 20/80 Momentum -- Market Benchmark	-0.77	-2.39	-0.56	7.31	2.25	4.23	6.05	8.10
	All Weather Portfolio Ray Dalio	1.71	-3.08	3.58	12.10	4.34	5.93	7.33	9.18
Returns over 1 year are annualized.

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Portfolio Metrics as of Mar 31, 2026

The following metrics, updated as of 31 March 2026, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON

Period: 1 April 2025 - 31 March 2026 (1 year)

Period: 1 April 2021 - 31 March 2026 (5 years)

Period: 1 April 2016 - 31 March 2026 (10 years)

Period: 1 April 1996 - 31 March 2026 (30 years)

Period: 1 January 1982 - 31 March 2026 (~44 years)

1 Year

5 Years

10 Years

30 Years

All (1982/01 - 2026/03)

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	Stocks/Bonds 20/80 Momentum	All Weather Portfolio
Author		Ray Dalio
ASSET ALLOCATION
Stocks	20%	30%
Fixed Income	80%	55%
Commodities	0%	15%
PERFORMANCES
Annualized Return (%)	7.31	12.10
Infl. Adjusted (%)	4.74	9.41
DRAWDOWN
Deepest Drawdown Depth (%)	-2.39	-3.08
Start to Recovery (months)	1*	1*
Longest Drawdown Depth (%)	-0.12	-0.74
Start to Recovery (months)	2	3
Longest Negative Period (months)	6*	2
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%)	4.02	6.32
Sharpe Ratio	0.82	1.28
Sortino Ratio	1.03	1.68
Ulcer Index	0.67	0.91
Ratio: Return / Standard Deviation	1.82	1.91
Ratio: Return / Deepest Drawdown	3.05	3.93
Metrics calculated over the period 1 April 2025 - 31 March 2026

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	Stocks/Bonds 20/80 Momentum	All Weather Portfolio
Author		Ray Dalio
ASSET ALLOCATION
Stocks	20%	30%
Fixed Income	80%	55%
Commodities	0%	15%
PERFORMANCES
Annualized Return (%)	2.25	4.34
Infl. Adjusted (%)	-1.99	0.00
DRAWDOWN
Deepest Drawdown Depth (%)	-17.91	-20.58
Start to Recovery (months)	40	42
Longest Drawdown Depth (%)	-17.91	-20.58
Start to Recovery (months)	40	42
Longest Negative Period (months)	44	45
RISK INDICATORS
Standard Deviation (%)	7.42	10.23
Sharpe Ratio	-0.14	0.10
Sortino Ratio	-0.18	0.14
Ulcer Index	8.87	9.52
Ratio: Return / Standard Deviation	0.30	0.42
Ratio: Return / Deepest Drawdown	0.13	0.21
Metrics calculated over the period 1 April 2021 - 31 March 2026

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	Stocks/Bonds 20/80 Momentum	All Weather Portfolio
Author		Ray Dalio
ASSET ALLOCATION
Stocks	20%	30%
Fixed Income	80%	55%
Commodities	0%	15%
PERFORMANCES
Annualized Return (%)	4.23	5.93
Infl. Adjusted (%)	0.96	2.60
DRAWDOWN
Deepest Drawdown Depth (%)	-17.91	-20.58
Start to Recovery (months)	40	42
Longest Drawdown Depth (%)	-17.91	-20.58
Start to Recovery (months)	40	42
Longest Negative Period (months)	53	46
RISK INDICATORS
Standard Deviation (%)	6.23	8.53
Sharpe Ratio	0.34	0.45
Sortino Ratio	0.44	0.61
Ulcer Index	6.36	6.92
Ratio: Return / Standard Deviation	0.68	0.69
Ratio: Return / Deepest Drawdown	0.24	0.29
Metrics calculated over the period 1 April 2016 - 31 March 2026

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	Stocks/Bonds 20/80 Momentum	All Weather Portfolio
Author		Ray Dalio
ASSET ALLOCATION
Stocks	20%	30%
Fixed Income	80%	55%
Commodities	0%	15%
PERFORMANCES
Annualized Return (%)	6.05	7.33
Infl. Adjusted (%)	3.45	4.69
DRAWDOWN
Deepest Drawdown Depth (%)	-17.91	-20.58
Start to Recovery (months)	40	42
Longest Drawdown Depth (%)	-17.91	-20.58
Start to Recovery (months)	40	42
Longest Negative Period (months)	53	46
RISK INDICATORS
Standard Deviation (%)	4.98	7.49
Sharpe Ratio	0.77	0.68
Sortino Ratio	1.01	0.91
Ulcer Index	3.85	4.46
Ratio: Return / Standard Deviation	1.21	0.98
Ratio: Return / Deepest Drawdown	0.34	0.36
Metrics calculated over the period 1 April 1996 - 31 March 2026

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	Stocks/Bonds 20/80 Momentum	All Weather Portfolio
Author		Ray Dalio
ASSET ALLOCATION
Stocks	20%	30%
Fixed Income	80%	55%
Commodities	0%	15%
PERFORMANCES
Annualized Return (%)	8.10	9.18
Infl. Adjusted (%)	5.10	6.15
DRAWDOWN
Deepest Drawdown Depth (%)	-17.91	-20.58
Start to Recovery (months)	40	42
Longest Drawdown Depth (%)	-17.91	-20.58
Start to Recovery (months)	40	42
Longest Negative Period (months)	53	46
RISK INDICATORS
Standard Deviation (%)	5.50	7.65
Sharpe Ratio	0.82	0.73
Sortino Ratio	1.12	1.01
Ulcer Index	3.31	3.89
Ratio: Return / Standard Deviation	1.47	1.20
Ratio: Return / Deepest Drawdown	0.45	0.45
Metrics calculated over the period 1 January 1982 - 31 March 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 April 1996 - 31 March 2026 (30 years)

Period: 1 January 1982 - 31 March 2026 (~44 years)

30 Years
(1996/04 - 2026/03)

Chart Table

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Stocks/Bonds 20/80 Momentum			All Weather Portfolio
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-20.58	42	Jan 2022 Jun 2025
-17.91	40	Nov 2021 Feb 2025
			-11.57	9	Jan 2009 Sep 2009
			-11.38	6	Jul 2008 Dec 2008
-9.00	20	Jan 2008 Aug 2009
			-6.66	17	Feb 2015 Jun 2016
			-6.42	13	Aug 2016 Aug 2017
			-5.29	9	May 2013 Jan 2014
			-4.83	4	Jul 1998 Oct 1998
			-4.76	6	Apr 2004 Sep 2004
			-4.74	4	Jun 2003 Sep 2003
			-4.71	7	Sep 2018 Mar 2019
			-4.61	19	Feb 2001 Aug 2002
			-3.79	3	Feb 1999 Apr 1999
			-3.74	5	Jan 2021 May 2021

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Stocks/Bonds 20/80 Momentum			All Weather Portfolio
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-20.58	42	Jan 2022 Jun 2025
-17.91	40	Nov 2021 Feb 2025
			-11.57	9	Jan 2009 Sep 2009
			-11.38	6	Jul 2008 Dec 2008
-9.00	20	Jan 2008 Aug 2009
			-8.78	13	Sep 1987 Sep 1988
			-7.10	16	May 1983 Aug 1984
			-6.83	14	Feb 1994 Mar 1995
			-6.66	17	Feb 2015 Jun 2016
-6.53	6	Sep 1987 Feb 1988
			-6.42	13	Aug 2016 Aug 2017
			-5.51	7	Jan 1990 Jul 1990
-5.47	7	Feb 1984 Aug 1984
-5.46	13	Feb 1994 Feb 1995
			-5.29	9	May 2013 Jan 2014

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 1982 - 31 March 2026 (~44 years)

Rolling Period:

Stocks/Bonds 20/80 Momentum
All Weather Portfolio

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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	Stocks/Bonds 20/80 Momentum		All Weather Portfolio
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2026	-0.77	-2.39	1.71	-3.08
2025	10.10	-1.47	13.26	-1.94
2024	7.68	-3.12	6.36	-3.73
2023	6.16	-5.43	9.95	-9.25
2022	-14.14	-17.00	-18.39	-20.58
2021	1.18	-2.95	8.27	-3.74
2020	12.14	-3.46	15.88	-3.68
2019	12.52	-0.69	17.93	-0.83
2018	-0.42	-3.12	-3.02	-4.71
2017	10.35	0.00	11.55	-0.49
2016	3.02	-3.64	6.50	-6.42
2015	2.23	-1.48	-3.23	-6.66
2014	7.58	-0.83	12.89	-2.52
2013	5.23	-2.48	1.71	-5.29
2012	5.51	-0.69	7.02	-1.33
2011	7.52	-0.70	15.64	-2.00
2010	8.56	-0.70	12.88	-0.69
2009	6.40	-6.03	2.71	-11.57
2008	-2.70	-9.00	2.38	-11.38
2007	9.07	-0.41	11.88	-1.20
2006	5.53	-1.33	6.93	-1.71
2005	5.74	-1.35	8.55	-2.99
2004	6.73	-2.37	9.41	-4.76
2003	8.38	-2.29	13.96	-4.74
2002	4.15	-1.79	7.77	-1.56
2001	3.27	-2.01	-2.77	-4.61
2000	7.19	-1.52	10.15	-2.26
1999	7.48	-1.73	6.28	-3.79
1998	16.62	-1.24	11.05	-4.83
1997	14.93	-1.81	13.54	-2.89
1996	8.83	-1.37	8.27	-2.11
1995	23.01	0.00	27.44	0.00
1994	-2.34	-5.46	-3.28	-6.83
1993	10.39	-0.92	12.02	-1.98
1992	6.58	-1.69	6.76	-2.23
1991	19.58	-0.95	17.98	-1.86
1990	7.22	-2.90	3.85	-5.51
1989	19.47	-0.82	20.45	-1.14
1988	7.30	-2.80	10.59	-1.93
1987	1.70	-6.53	3.47	-8.78
1986	16.62	-3.15	20.56	-3.75
1985	24.27	-1.28	28.68	-2.13
1984	11.85	-5.47	8.03	-6.61
1983	7.57	-3.28	7.06	-3.16
1982	31.00	-1.71	31.65	-3.13

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Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of Mar 31, 2026

Portfolio Metrics as of Mar 31, 2026

Drawdowns

Rolling Returns

Yearly Returns