Stocks/Bonds 20/80 Portfolio vs Larry Swedroe Larry Portfolio Portfolio Comparison

Simulation Settings

Period: January 1976 - March 2026 (~50 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
(1976/01 - 2026/03)

Inflation Adjusted:

Stocks/Bonds 20/80 Portfolio

1.00$
Invested Capital
April 1996
5.02$
Final Capital
March 2026
5.53%
Yearly Return
4.94%
Std Deviation
-16.57%
Max Drawdown
33months
Recovery Period

1.00$
Invested Capital
April 1996
2.36$
Final Capital
March 2026
2.91%
Yearly Return
4.94%
Std Deviation
-24.58%
Max Drawdown
63months*
Recovery Period
* in progress

1.00$
Invested Capital
January 1976
39.05$
Final Capital
March 2026
7.57%
Yearly Return
5.92%
Std Deviation
-16.57%
Max Drawdown
33months
Recovery Period

1.00$
Invested Capital
January 1976
6.57$
Final Capital
March 2026
3.82%
Yearly Return
5.92%
Std Deviation
-26.42%
Max Drawdown
72months
Recovery Period

Larry Swedroe Larry Portfolio

1.00$
Invested Capital
April 1996
5.61$
Final Capital
March 2026
5.92%
Yearly Return
5.56%
Std Deviation
-15.96%
Max Drawdown
49months
Recovery Period

1.00$
Invested Capital
April 1996
2.64$
Final Capital
March 2026
3.29%
Yearly Return
5.56%
Std Deviation
-25.23%
Max Drawdown
58months*
Recovery Period
* in progress

1.00$
Invested Capital
January 1976
61.20$
Final Capital
March 2026
8.53%
Yearly Return
6.71%
Std Deviation
-15.96%
Max Drawdown
49months
Recovery Period

1.00$
Invested Capital
January 1976
10.30$
Final Capital
March 2026
4.75%
Yearly Return
6.71%
Std Deviation
-25.23%
Max Drawdown
58months*
Recovery Period
* in progress

As of March 2026, in the previous 30 Years, the Stocks/Bonds 20/80 Portfolio obtained a 5.53% compound annual return, with a 4.94% standard deviation. It suffered a maximum drawdown of -16.57% that required 33 months to be recovered.

As of March 2026, in the previous 30 Years, the Larry Swedroe Larry Portfolio obtained a 5.92% compound annual return, with a 5.56% standard deviation. It suffered a maximum drawdown of -15.96% that required 49 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 Portfolio

Weight (%)	Ticker	Name
20.00	VTI	Vanguard Total Stock Market
80.00	BND	Vanguard Total Bond Market

Larry Swedroe Larry Portfolio

Weight (%)	Ticker	Name
15.00	IJS	iShares S&P Small-Cap 600 Value
7.50	DLS	WisdomTree International SmallCp Div
7.50	EEM	iShares MSCI Emerging Markets
70.00	IEI	iShares 3-7 Year Treasury Bond

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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
(1976/01 - 2026/03)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Stocks/Bonds 20/80	1 $	5.02 $	402.46%	5.53%
Larry Portfolio Larry Swedroe	1 $	5.61 $	460.70%	5.92%
	Apr 1996	Mar 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Stocks/Bonds 20/80	1 $	2.36 $	136.49%	2.91%
Larry Portfolio Larry Swedroe	1 $	2.64 $	163.91%	3.29%
	Apr 1996	Mar 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Stocks/Bonds 20/80	1 $	39.05 $	3 805.05%	7.57%
Larry Portfolio Larry Swedroe	1 $	61.20 $	6 020.14%	8.53%
	Jan 1976	Mar 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Stocks/Bonds 20/80	1 $	6.57 $	557.19%	3.82%
Larry Portfolio Larry Swedroe	1 $	10.30 $	929.97%	4.75%
	Jan 1976	Mar 2026

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		Return (%) as of Mar 31, 2026
		YTD (3M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~50Y)
	Stocks/Bonds 20/80 -- Market Benchmark	-0.76	-2.39	0.46	6.91	2.51	4.16	5.53	7.57
	Larry Portfolio Larry Swedroe	0.96	-2.98	2.79	10.70	1.98	3.67	5.92	8.53
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 1976 - 31 March 2026 (~50 years)

1 Year

5 Years

10 Years

30 Years

All (1976/01 - 2026/03)

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	Stocks/Bonds 20/80	Larry Portfolio
Author		Larry Swedroe
ASSET ALLOCATION
Stocks	20%	30%
Fixed Income	80%	70%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	6.91	10.70
Infl. Adjusted (%)	3.46	7.12
DRAWDOWN
Deepest Drawdown Depth (%)	-2.39	-2.98
Start to Recovery (months)	1*	1*
Longest Drawdown Depth (%)	-0.24	-2.98
Start to Recovery (months)	2	1*
Longest Negative Period (months)	5*	2*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%)	3.83	4.96
Sharpe Ratio	0.76	1.35
Sortino Ratio	0.94	1.68
Ulcer Index	0.67	0.83
Ratio: Return / Standard Deviation	1.81	2.16
Ratio: Return / Deepest Drawdown	2.90	3.59
Metrics calculated over the period 1 April 2025 - 31 March 2026

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	Stocks/Bonds 20/80	Larry Portfolio
Author		Larry Swedroe
ASSET ALLOCATION
Stocks	20%	30%
Fixed Income	80%	70%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	2.51	1.98
Infl. Adjusted (%)	-1.92	-2.43
DRAWDOWN
Deepest Drawdown Depth (%)	-16.57	-15.96
Start to Recovery (months)	33	49
Longest Drawdown Depth (%)	-16.57	-15.96
Start to Recovery (months)	33	49
Longest Negative Period (months)	41	49
RISK INDICATORS
Standard Deviation (%)	7.51	7.26
Sharpe Ratio	-0.10	-0.18
Sortino Ratio	-0.14	-0.25
Ulcer Index	7.32	7.14
Ratio: Return / Standard Deviation	0.33	0.27
Ratio: Return / Deepest Drawdown	0.15	0.12
Metrics calculated over the period 1 April 2021 - 31 March 2026

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	Stocks/Bonds 20/80	Larry Portfolio
Author		Larry Swedroe
ASSET ALLOCATION
Stocks	20%	30%
Fixed Income	80%	70%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	4.16	3.67
Infl. Adjusted (%)	0.80	0.33
DRAWDOWN
Deepest Drawdown Depth (%)	-16.57	-15.96
Start to Recovery (months)	33	49
Longest Drawdown Depth (%)	-16.57	-15.96
Start to Recovery (months)	33	49
Longest Negative Period (months)	50	52
RISK INDICATORS
Standard Deviation (%)	6.14	6.00
Sharpe Ratio	0.33	0.26
Sortino Ratio	0.44	0.35
Ulcer Index	5.25	5.15
Ratio: Return / Standard Deviation	0.68	0.61
Ratio: Return / Deepest Drawdown	0.25	0.23
Metrics calculated over the period 1 April 2016 - 31 March 2026

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	Stocks/Bonds 20/80	Larry Portfolio
Author		Larry Swedroe
ASSET ALLOCATION
Stocks	20%	30%
Fixed Income	80%	70%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	5.53	5.92
Infl. Adjusted (%)	2.91	3.29
DRAWDOWN
Deepest Drawdown Depth (%)	-16.57	-15.96
Start to Recovery (months)	33	49
Longest Drawdown Depth (%)	-16.57	-15.96
Start to Recovery (months)	33	49
Longest Negative Period (months)	50	52
RISK INDICATORS
Standard Deviation (%)	4.94	5.56
Sharpe Ratio	0.67	0.66
Sortino Ratio	0.89	0.90
Ulcer Index	3.21	3.31
Ratio: Return / Standard Deviation	1.12	1.06
Ratio: Return / Deepest Drawdown	0.33	0.37
Metrics calculated over the period 1 April 1996 - 31 March 2026

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	Stocks/Bonds 20/80	Larry Portfolio
Author		Larry Swedroe
ASSET ALLOCATION
Stocks	20%	30%
Fixed Income	80%	70%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	7.57	8.53
Infl. Adjusted (%)	3.82	4.75
DRAWDOWN
Deepest Drawdown Depth (%)	-16.57	-15.96
Start to Recovery (months)	33	49
Longest Drawdown Depth (%)	-16.57	-15.96
Start to Recovery (months)	33	49
Longest Negative Period (months)	50	52
RISK INDICATORS
Standard Deviation (%)	5.92	6.71
Sharpe Ratio	0.56	0.64
Sortino Ratio	0.80	0.90
Ulcer Index	2.73	2.97
Ratio: Return / Standard Deviation	1.28	1.27
Ratio: Return / Deepest Drawdown	0.46	0.53
Metrics calculated over the period 1 January 1976 - 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 1976 - 31 March 2026 (~50 years)

30 Years
(1996/04 - 2026/03)

Chart Table

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Stocks/Bonds 20/80			Larry Portfolio
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-16.57	33	Jan 2022 Sep 2024
			-15.96	49	Jun 2021 Jun 2025
			-11.47	16	Apr 2008 Jul 2009
-8.42	15	May 2008 Jul 2009
			-5.38	7	Jan 2020 Jul 2020
			-5.14	7	May 1998 Nov 1998
			-4.08	7	Sep 2018 Mar 2019
			-3.98	6	Apr 2004 Sep 2004
			-3.97	6	Aug 2011 Jan 2012
-3.92	3	Feb 2020 Apr 2020
			-3.38	4	Jan 1999 Apr 1999
			-3.31	11	May 2015 Mar 2016
			-2.98	1*	Mar 2026 In progress
-2.67	5	Sep 2018 Jan 2019
-2.58	6	Apr 2004 Sep 2004

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Stocks/Bonds 20/80			Larry Portfolio
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
-16.57	33	Jan 2022 Sep 2024
			-15.96	49	Jun 2021 Jun 2025
			-11.47	16	Apr 2008 Jul 2009
			-9.49	9	Sep 1979 May 1980
			-9.16	10	Sep 1987 Jun 1988
-8.42	15	May 2008 Jul 2009
-7.75	7	Oct 1979 Apr 1980
			-7.44	16	Feb 1994 May 1995
			-6.63	6	Aug 1990 Jan 1991
-6.14	6	Sep 1987 Feb 1988
			-5.83	4	Jul 1981 Oct 1981
			-5.66	4	Oct 1978 Jan 1979
-5.50	13	Feb 1994 Feb 1995
			-5.38	7	Jan 2020 Jul 2020
-5.25	7	Feb 1984 Aug 1984

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 1976 - 31 March 2026 (~50 years)

Rolling Period:

Stocks/Bonds 20/80
Larry 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		Larry Portfolio
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2026	-0.76	-2.39	0.96	-2.98
2025	9.09	-1.15	10.96	-0.29
2024	5.87	-2.83	3.09	-2.61
2023	9.53	-5.62	6.94	-6.22
2022	-14.39	-16.57	-11.20	-14.55
2021	3.64	-1.82	3.41	-2.64
2020	10.38	-3.92	6.44	-5.38
2019	13.20	-0.07	10.64	-1.45
2018	-1.13	-2.67	-3.54	-4.08
2017	7.10	-0.02	7.74	0.00
2016	4.58	-2.40	6.87	-1.26
2015	0.52	-1.90	-0.54	-3.22
2014	7.16	-0.89	2.38	-2.37
2013	5.01	-2.56	6.31	-2.41
2012	5.82	-0.62	7.27	-2.25
2011	6.53	-0.88	3.23	-3.97
2010	8.44	-0.76	10.82	-2.16
2009	8.69	-5.67	10.12	-7.76
2008	-1.91	-8.42	-2.44	-7.60
2007	6.61	-0.76	8.99	-0.45
2006	6.55	-1.09	9.57	-2.17
2005	3.18	-1.84	6.71	-1.81
2004	5.95	-2.58	10.23	-3.98
2003	9.33	-2.13	16.93	-0.92
2002	2.51	-2.13	7.68	-1.92
2001	4.55	-1.99	6.47	-2.38
2000	7.00	-2.23	10.81	-1.59
1999	4.16	-2.17	4.08	-3.38
1998	11.52	-2.15	6.06	-5.14
1997	13.75	-1.70	8.62	-1.80
1996	7.06	-1.44	5.81	-1.78
1995	21.70	0.00	18.99	0.00
1994	-2.16	-5.50	-4.77	-7.44
1993	9.87	-1.10	20.95	-1.55
1992	7.53	-1.25	9.36	-1.05
1991	18.68	-1.05	26.47	-2.04
1990	5.70	-3.09	1.93	-6.63
1989	16.54	-0.87	22.14	0.00
1988	9.35	-2.17	12.93	-1.48
1987	1.75	-6.14	-0.86	-9.16
1986	15.00	-3.14	17.85	-3.07
1985	24.05	-1.20	27.10	-0.72
1984	12.45	-5.25	12.87	-5.07
1983	8.71	-2.55	13.15	-1.80
1982	29.01	-2.01	24.76	-2.37
1981	6.70	-4.80	7.24	-5.83
1980	8.94	-7.35	8.19	-8.91
1979	9.13	-6.01	11.24	-7.04
1978	2.61	-3.91	7.42	-5.66
1977	0.16	-3.03	5.31	-1.98
1976	16.30	-1.12	18.63	-1.58

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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