Stocks/Bonds 60/40 Portfolio vs Roger Gibson Talmud Portfolio Portfolio Comparison

Simulation Settings
Period: January 1928 - April 2025 (~97 years)
Consolidated Returns as of 30 April 2025
Rebalancing: at every Jan 1st
Currency: USD
Inflation: US
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Results
30 Years
All (since January 1928)
Inflation Adjusted:
Stocks/Bonds 60/40 Portfolio
1.00$
Initial Capital
May 1995
10.77$
Final Capital
April 2025
8.25%
Yearly Return
9.68%
Std Deviation
-30.55%
Max Drawdown
36months
Recovery Period
1.00$
Initial Capital
May 1995
5.12$
Final Capital
April 2025
5.59%
Yearly Return
9.68%
Std Deviation
-31.69%
Max Drawdown
38months
Recovery Period
1.00$
Initial Capital
January 1928
2.5K$
Final Capital
April 2025
8.35%
Yearly Return
11.54%
Std Deviation
-62.03%
Max Drawdown
83months
Recovery Period
1.00$
Initial Capital
January 1928
133.11$
Final Capital
April 2025
5.15%
Yearly Return
11.54%
Std Deviation
-52.05%
Max Drawdown
71months
Recovery Period
Roger Gibson Talmud Portfolio
1.00$
Initial Capital
May 1995
11.45$
Final Capital
April 2025
8.47%
Yearly Return
10.94%
Std Deviation
-40.17%
Max Drawdown
41months
Recovery Period
1.00$
Initial Capital
May 1995
5.44$
Final Capital
April 2025
5.81%
Yearly Return
10.94%
Std Deviation
-42.21%
Max Drawdown
49months
Recovery Period
1.00$
Initial Capital
January 1928
1.4K$
Final Capital
April 2025
7.76%
Yearly Return
12.34%
Std Deviation
-57.05%
Max Drawdown
89months
Recovery Period
1.00$
Initial Capital
January 1928
78.34$
Final Capital
April 2025
4.58%
Yearly Return
12.34%
Std Deviation
-45.76%
Max Drawdown
46months
Recovery Period

As of April 2025, in the previous 30 Years, the Stocks/Bonds 60/40 Portfolio obtained a 8.25% compound annual return, with a 9.68% standard deviation. It suffered a maximum drawdown of -30.55% that required 36 months to be recovered.

As of April 2025, in the previous 30 Years, the Roger Gibson Talmud Portfolio obtained a 8.47% compound annual return, with a 10.94% standard deviation. It suffered a maximum drawdown of -40.17% that required 41 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.

Stocks/Bonds 60/40 Portfolio
Weight
(%)		 Ticker Name
60.00
VTI
Vanguard Total Stock Market
40.00
BND
Vanguard Total Bond Market
Roger Gibson Talmud Portfolio
Weight
(%)		 Ticker Name
33.34
VTI
Vanguard Total Stock Market
33.33
VNQ
Vanguard Real Estate
33.33
BND
Vanguard Total Bond Market
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Portfolio Returns as of Apr 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
Period: 1 January 1928 - 30 April 2025 (~97 years)
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Return (%) as of Apr 30, 2025
YTD
(4M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~97Y)
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_us_author.webp Stocks/Bonds 60/40
-- Market Benchmark 		-2.04 -0.26 -0.11 10.43 8.80 7.74 8.25 8.35
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_roger_gibson.webp Talmud Portfolio
Roger Gibson 		-0.72 -0.93 -1.15 11.83 7.35 6.37 8.47 7.76
Return over 1 year are annualized.
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Capital Growth as of Apr 30, 2025

Stocks/Bonds 60/40 Portfolio: an investment of 1$, since May 1995, now would be worth 10.77$, with a total return of 977.34% (8.25% annualized).

Roger Gibson Talmud Portfolio: an investment of 1$, since May 1995, now would be worth 11.45$, with a total return of 1045.13% (8.47% annualized).


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Stocks/Bonds 60/40 Portfolio: an investment of 1$, since January 1928, now would be worth 2458.80$, with a total return of 245779.51% (8.35% annualized).

Roger Gibson Talmud Portfolio: an investment of 1$, since January 1928, now would be worth 1447.09$, with a total return of 144609.43% (7.76% annualized).


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Portfolio Metrics as of Apr 30, 2025

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

METRIC COMPARISON
Period: 1 May 2024 - 30 April 2025 (1 year)
Period: 1 May 2020 - 30 April 2025 (5 years)
Period: 1 May 2015 - 30 April 2025 (10 years)
Period: 1 May 1995 - 30 April 2025 (30 years)
Period: 1 January 1928 - 30 April 2025 (~97 years)
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Stocks/Bonds 60/40 Talmud Portfolio
Author Roger Gibson
ASSET ALLOCATION
Stocks 60% 66.67%
Fixed Income 40% 33.33%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 10.43 11.83
Infl. Adjusted Return (%) 8.18 9.56
DRAWDOWN
Deepest Drawdown Depth (%) -4.56 -5.09
Start to Recovery (months) 5* 5*
Longest Drawdown Depth (%) -4.56 -5.09
Start to Recovery (months) 5* 5*
Longest Negative Period (months) 7* 8*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 8.17 9.47
Sharpe Ratio 0.69 0.74
Sortino Ratio 0.91 0.94
Ulcer Index 1.94 2.43
Ratio: Return / Standard Deviation 1.28 1.25
Ratio: Return / Deepest Drawdown 2.29 2.32
Metrics calculated over the period 1 May 2024 - 30 April 2025
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Stocks/Bonds 60/40 Talmud Portfolio
Author Roger Gibson
ASSET ALLOCATION
Stocks 60% 66.67%
Fixed Income 40% 33.33%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 8.80 7.35
Infl. Adjusted Return (%) 4.08 2.70
DRAWDOWN
Deepest Drawdown Depth (%) -20.69 -22.88
Start to Recovery (months) 26 32
Longest Drawdown Depth (%) -20.69 -22.88
Start to Recovery (months) 26 32
Longest Negative Period (months) 34 35
RISK INDICATORS
Standard Deviation (%) 11.58 12.94
Sharpe Ratio 0.54 0.37
Sortino Ratio 0.73 0.50
Ulcer Index 7.71 9.89
Ratio: Return / Standard Deviation 0.76 0.57
Ratio: Return / Deepest Drawdown 0.43 0.32
Metrics calculated over the period 1 May 2020 - 30 April 2025
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Stocks/Bonds 60/40 Talmud Portfolio
Author Roger Gibson
ASSET ALLOCATION
Stocks 60% 66.67%
Fixed Income 40% 33.33%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 7.74 6.37
Infl. Adjusted Return (%) 4.53 3.20
DRAWDOWN
Deepest Drawdown Depth (%) -20.69 -22.88
Start to Recovery (months) 26 32
Longest Drawdown Depth (%) -20.69 -22.88
Start to Recovery (months) 26 32
Longest Negative Period (months) 34 35
RISK INDICATORS
Standard Deviation (%) 10.45 11.59
Sharpe Ratio 0.57 0.40
Sortino Ratio 0.76 0.53
Ulcer Index 5.81 7.39
Ratio: Return / Standard Deviation 0.74 0.55
Ratio: Return / Deepest Drawdown 0.37 0.28
Metrics calculated over the period 1 May 2015 - 30 April 2025
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Stocks/Bonds 60/40 Talmud Portfolio
Author Roger Gibson
ASSET ALLOCATION
Stocks 60% 66.67%
Fixed Income 40% 33.33%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 8.25 8.47
Infl. Adjusted Return (%) 5.59 5.81
DRAWDOWN
Deepest Drawdown Depth (%) -30.55 -40.17
Start to Recovery (months) 36 41
Longest Drawdown Depth (%) -21.56 -40.17
Start to Recovery (months) 41 41
Longest Negative Period (months) 110 65
RISK INDICATORS
Standard Deviation (%) 9.68 10.94
Sharpe Ratio 0.62 0.57
Sortino Ratio 0.81 0.73
Ulcer Index 6.91 7.45
Ratio: Return / Standard Deviation 0.85 0.77
Ratio: Return / Deepest Drawdown 0.27 0.21
Metrics calculated over the period 1 May 1995 - 30 April 2025
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Stocks/Bonds 60/40 Talmud Portfolio
Author Roger Gibson
ASSET ALLOCATION
Stocks 60% 66.67%
Fixed Income 40% 33.33%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 8.35 7.76
Infl. Adjusted Return (%) 5.15 4.58
DRAWDOWN
Deepest Drawdown Depth (%) -62.03 -57.05
Start to Recovery (months) 83 89
Longest Drawdown Depth (%) -62.03 -57.05
Start to Recovery (months) 83 89
Longest Negative Period (months) 154 160
RISK INDICATORS
Standard Deviation (%) 11.54 12.34
Sharpe Ratio 0.43 0.36
Sortino Ratio 0.60 0.49
Ulcer Index 10.89 10.05
Ratio: Return / Standard Deviation 0.72 0.63
Ratio: Return / Deepest Drawdown 0.13 0.14
Metrics calculated over the period 1 January 1928 - 30 April 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 May 1995 - 30 April 2025 (30 years)
Period: 1 January 1928 - 30 April 2025 (~97 years)

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Stocks/Bonds 60/40 Talmud Portfolio
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-40.17 41 Jun 2007
Oct 2010
-30.55 36 Nov 2007
Oct 2010
-22.88 32 Jan 2022
Aug 2024
-21.56 41 Sep 2000
Jan 2004
-20.69 26 Jan 2022
Feb 2024
-15.16 7 Feb 2020
Aug 2020
-12.29 6 Feb 2020
Jul 2020
-10.50 8 Jun 2011
Jan 2012
-10.43 6 Jul 1998
Dec 1998
-10.18 5 Jul 1998
Nov 1998
-9.00 9 May 2011
Jan 2012
-8.38 7 Sep 2018
Mar 2019
-8.26 14 Apr 2002
May 2003
-7.57 6 Sep 2018
Feb 2019
-6.69 5 Apr 2004
Aug 2004

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Stocks/Bonds 60/40 Talmud Portfolio
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-62.03 83 Sep 1929
Jul 1936
-57.05 89 Sep 1929
Jan 1937
-40.17 41 Jun 2007
Oct 2010
-31.73 71 Mar 1937
Jan 1943
-30.55 36 Nov 2007
Oct 2010
-29.48 67 Aug 1937
Feb 1943
-27.28 37 Jan 1973
Jan 1976
-25.53 38 Dec 1972
Jan 1976
-22.88 32 Jan 2022
Aug 2024
-21.56 41 Sep 2000
Jan 2004
-20.69 26 Jan 2022
Feb 2024
-19.17 17 Sep 1987
Jan 1989
-18.76 26 Dec 1968
Jan 1971
-15.52 17 Sep 1987
Jan 1989
-15.49 24 Dec 1968
Nov 1970

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 1928 - 30 April 2025 (~97 years)


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 60/40 Talmud Portfolio
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 -2.04 -4.02 -0.72 -3.70
2024
 14.84 -3.62 10.00 -4.87
2023
 17.79 -7.48 14.42 -9.16
2022
 -16.95 -20.69 -19.62 -22.88
2021
 14.66 -3.24 21.44 -3.93
2020
 15.70 -12.29 8.02 -15.16
2019
 21.94 -3.41 22.79 -1.65
2018
 -3.17 -8.38 -3.78 -7.57
2017
 14.15 0.00 9.90 -0.80
2016
 8.71 -2.95 7.99 -4.84
2015
 0.44 -5.24 1.11 -5.69
2014
 9.85 -1.50 16.24 -3.05
2013
 19.23 -2.27 11.22 -4.74
2012
 11.13 -3.54 12.41 -3.41
2011
 3.75 -9.00 5.83 -10.50
2010
 12.93 -7.13 17.33 -7.24
2009
 18.79 -11.70 20.87 -18.28
2008
 -19.44 -22.19 -22.37 -28.90
2007
 5.99 -3.07 -1.40 -7.11
2006
 11.12 -2.03 18.42 -3.01
2005
 4.74 -2.34 6.88 -3.47
2004
 9.37 -2.68 15.93 -6.69
2003
 20.04 -1.99 23.46 -1.81
2002
 -8.98 -13.74 -2.82 -8.26
2001
 -3.21 -11.68 3.27 -5.08
2000
 -1.79 -8.27 9.05 -4.13
1999
 13.98 -3.76 6.34 -4.64
1998
 17.39 -10.18 5.18 -10.43
1997
 22.37 -3.12 19.74 -1.89
1996
 14.01 -3.33 19.46 -1.65
1995
 28.74 -0.20 22.03 -0.94
1994
 -1.16 -6.47 -3.74 -8.67
1993
 10.25 -1.36 13.33 -2.90
1992
 8.32 -1.65 10.28 -1.73
1991
 25.53 -2.86 27.78 -2.56
1990
 -0.19 -8.52 -4.26 -10.14
1989
 22.33 -1.36 16.87 -1.33
1988
 13.33 -2.24 12.71 -1.50
1987
 2.18 -19.17 0.17 -15.52
1986
 14.79 -5.58 16.28 -3.57
1985
 27.66 -2.15 24.20 -2.28
1984
 7.32 -6.58 12.71 -4.02
1983
 15.69 -2.85 19.51 -2.63
1982
 24.75 -4.29 24.41 -3.38
1981
 1.27 -8.82 3.76 -8.59
1980
 21.05 -9.57 20.13 -9.71
1979
 16.69 -6.65 21.82 -8.78
1978
 5.53 -7.92 6.65 -7.13
1977
 -1.60 -4.89 6.70 -1.95
1976
 21.38 -1.34 29.26 -1.67
1975
 25.64 -8.13 21.49 -7.79
1974
 -14.41 -20.38 -14.51 -20.06
1973
 -9.12 -9.87 -9.74 -10.13
1972
 11.66 -1.45 9.45 -2.27
1971
 14.37 -5.73 10.45 -6.96
1970
 9.77 -11.52 10.08 -12.17
1969
 -7.02 -8.24 -1.80 -6.18
1968
 9.19 -3.30 6.81 -3.69
1967
 16.22 -2.87 9.72 -3.90
1966
 -3.25 -9.79 -0.84 -8.95
1965
 8.81 -2.63 5.52 -3.72
1964
 11.40 -0.78 7.19 -1.30
1963
 13.34 -1.77 8.31 -2.46
1962
 -3.49 -12.63 -1.20 -12.80
1961
 16.69 -2.07 9.75 -2.91
1960
 5.77 -4.00 4.91 -4.48
1959
 6.99 -3.96 3.73 -4.97
1958
 25.76 -0.76 14.22 -2.11
1957
 -2.53 -7.55 0.45 -7.30
1956
 4.48 -5.10 2.62 -6.16
1955
 15.12 -1.72 8.32 -3.92
1954
 31.48 -2.16 18.11 -3.79
1953
 1.85 -4.96 5.28 -3.00
1952
 9.07 -2.48 6.76 -3.14
1951
 12.47 -3.94 8.95 -5.14
1950
 18.15 -3.45 11.28 -4.60
1949
 13.74 -2.42 8.15 -4.52
1948
 2.46 -6.51 2.34 -7.33
1947
 2.12 -3.61 8.22 -2.39
1946
 -3.48 -13.30 6.18 -10.61
1945
 24.98 -2.30 18.38 -3.34
1944
 13.65 -0.91 13.36 -1.14
1943
 17.73 -5.22 13.94 -7.79
1942
 10.55 -7.45 7.12 -9.40
1941
 -5.16 -8.44 -5.41 -8.93
1940
 -2.58 -14.56 0.15 -15.43
1939
 2.64 -8.45 1.38 -9.87
1938
 18.78 -15.43 10.63 -18.12
1937
 -20.16 -23.31 -10.14 -17.27
1936
 22.00 -4.48 13.80 -5.89
1935
 29.34 -5.09 19.99 -8.97
1934
 4.30 -9.46 4.17 -10.97
1933
 35.51 -12.66 18.79 -17.83
1932
 -0.28 -25.51 -2.29 -28.97
1931
 -27.30 -34.34 -18.11 -28.11
1930
 -13.91 -22.76 -8.30 -19.91
1929
 -5.08 -21.42 -3.04 -22.74
1928
 22.84 -2.72 13.08 -4.68
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