US Stocks/Bonds 40/60 To CAD Bond Hedged Portfolio vs Vanguard Conservative Income Portfolio Portfolio Comparison

Simulation Settings
Period: January 1988 - July 2025 (~38 years)
Consolidated Returns as of 31 July 2025
Initial Amount: 1$
Rebalancing: at every Jan 1st
Currency: CAD
Inflation: Canada
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Results
30 Years
(1995/08 - 2025/07)
All Data
(1988/01 - 2025/07)
Inflation Adjusted:
US Stocks/Bonds 40/60 To CAD Bond Hedged Portfolio
1.00$
Invested Capital
August 1995
6.90$
Final Capital
July 2025
6.65%
Yearly Return
6.00%
Std Deviation
-16.22%
Max Drawdown
27months
Recovery Period
1.00$
Invested Capital
August 1995
3.69$
Final Capital
July 2025
4.45%
Yearly Return
6.00%
Std Deviation
-20.99%
Max Drawdown
43months*
Recovery Period
* in progress
1.00$
Invested Capital
January 1988
18.05$
Final Capital
July 2025
8.00%
Yearly Return
6.12%
Std Deviation
-16.22%
Max Drawdown
27months
Recovery Period
1.00$
Invested Capital
January 1988
7.64$
Final Capital
July 2025
5.56%
Yearly Return
6.12%
Std Deviation
-20.99%
Max Drawdown
43months*
Recovery Period
* in progress
Vanguard Conservative Income Portfolio
1.00$
Invested Capital
August 1995
4.83$
Final Capital
July 2025
5.39%
Yearly Return
4.56%
Std Deviation
-13.67%
Max Drawdown
32months
Recovery Period
1.00$
Invested Capital
August 1995
2.58$
Final Capital
July 2025
3.21%
Yearly Return
4.56%
Std Deviation
-22.12%
Max Drawdown
55months*
Recovery Period
* in progress
1.00$
Invested Capital
January 1988
9.88$
Final Capital
July 2025
6.28%
Yearly Return
4.83%
Std Deviation
-13.67%
Max Drawdown
32months
Recovery Period
1.00$
Invested Capital
January 1988
4.18$
Final Capital
July 2025
3.88%
Yearly Return
4.83%
Std Deviation
-22.12%
Max Drawdown
55months*
Recovery Period
* in progress

As of July 2025, in the previous 30 Years, the US Stocks/Bonds 40/60 To CAD Bond Hedged Portfolio obtained a 6.65% compound annual return, with a 6.00% standard deviation. It suffered a maximum drawdown of -16.22% that required 27 months to be recovered.

As of July 2025, in the previous 30 Years, the Vanguard Conservative Income Portfolio obtained a 5.39% compound annual return, with a 4.56% standard deviation. It suffered a maximum drawdown of -13.67% that required 32 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.

US Stocks/Bonds 40/60 To CAD Bond Hedged Portfolio
Weight
(%)		 Ticker Name
40.00
VUN.TO
Vanguard US Total Market Index
60.00
VBU.NE
Vanguard US Aggregate Bond Index CAD-hedged
Vanguard Conservative Income Portfolio
Weight
(%)		 Ticker Name
9.00
VUN.TO
Vanguard US Total Market Index
6.00
VCN.TO
Vanguard FTSE Canada All Cap Index
3.60
VIU.TO
Vanguard FTSE Developed All Cap ex North Amer Idx
1.40
VEE.TO
Vanguard FTSE Emerging Markets All Cap Index
48.00
VAB.TO
Vanguard Canadian Aggregate Bond Index
16.00
VBG.NE
Vanguard Global ex-US Aggregate Bond Index CAD-hedged
16.00
VBU.NE
Vanguard US Aggregate Bond Index CAD-hedged
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Portfolio Returns as of Jul 31, 2025

Returns are calculated in CAD, assuming:
  • no fees or capital gain taxes.
  • rebalancing: at every Jan 1st.
  • dividend reinvestment, when applicable.
Return Comparison
Capital Growth
30 Years
(1995/08 - 2025/07)
All Data
(1988/01 - 2025/07)
Inflation Adjusted:
Swipe left to see all data
Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
US Stocks/Bonds 40/60 To CAD Bond Hedged
 1 $ 6.90 $ 590.41% 6.65%
Vanguard Vanguard Conservative Income
Vanguard 		1 $ 4.83 $ 383.17% 5.39%
Aug 1995 Jul 2025

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
US Stocks/Bonds 40/60 To CAD Bond Hedged
 1 $ 3.69 $ 269.14% 4.45%
Vanguard Vanguard Conservative Income
Vanguard 		1 $ 2.58 $ 158.34% 3.21%
Aug 1995 Jul 2025

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
US Stocks/Bonds 40/60 To CAD Bond Hedged
 1 $ 18.05 $ 1 705.41% 8.00%
Vanguard Vanguard Conservative Income
Vanguard 		1 $ 9.88 $ 887.86% 6.28%
Jan 1988 Jul 2025

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Initial Amount $ Final Amount $ Total Return (%) Annualized (%)
US Stocks/Bonds 40/60 To CAD Bond Hedged
 1 $ 7.64 $ 664.33% 5.56%
Vanguard Vanguard Conservative Income
Vanguard 		1 $ 4.18 $ 318.22% 3.88%
Jan 1988 Jul 2025

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Return (%) as of Jul 31, 2025
YTD
(7M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~38Y)
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_us_author.webp US Stocks/Bonds 40/60 • Bond Hedged
-- Market Benchmark 		3.09 1.30 1.23 7.61 5.14 5.82 6.65 8.00
https://www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_vanguard.webp Vanguard Conservative Income
Vanguard 		2.40 0.00 1.05 5.25 1.73 3.09 5.39 6.28
Returns over 1 year are annualized.
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Portfolio Metrics as of Jul 31, 2025

The following metrics, updated as of 31 July 2025, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON
Period: 1 August 2024 - 31 July 2025 (1 year)
Period: 1 August 2020 - 31 July 2025 (5 years)
Period: 1 August 2015 - 31 July 2025 (10 years)
Period: 1 August 1995 - 31 July 2025 (30 years)
Period: 1 January 1988 - 31 July 2025 (~38 years)
1 Year
5 Years
10 Years
30 Years
All (1988/01 - 2025/07)
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US Stocks/Bonds 40/60 To CAD Bond Hedged Vanguard Conservative Income
Author Vanguard
ASSET ALLOCATION
Stocks 40% 20%
Fixed Income 60% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 7.61 5.25
Infl. Adjusted (%) 6.10 3.78
DRAWDOWN
Deepest Drawdown Depth (%) -4.37 -1.63
Start to Recovery (months) 5 4
Longest Drawdown Depth (%) -4.37 -1.63
Start to Recovery (months) 5 4
Longest Negative Period (months) 7 5
RISK INDICATORS
Standard Deviation (%) 6.61 3.92
Sharpe Ratio 0.46 0.18
Sortino Ratio 0.64 0.26
Ulcer Index 1.70 0.70
Ratio: Return / Standard Deviation 1.15 1.34
Ratio: Return / Deepest Drawdown 1.74 3.23
Metrics calculated over the period 1 August 2024 - 31 July 2025
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US Stocks/Bonds 40/60 To CAD Bond Hedged Vanguard Conservative Income
Author Vanguard
ASSET ALLOCATION
Stocks 40% 20%
Fixed Income 60% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 5.14 1.73
Infl. Adjusted (%) 1.41 -1.89
DRAWDOWN
Deepest Drawdown Depth (%) -16.22 -13.67
Start to Recovery (months) 27 32
Longest Drawdown Depth (%) -16.22 -13.67
Start to Recovery (months) 27 32
Longest Negative Period (months) 38 46
RISK INDICATORS
Standard Deviation (%) 8.13 6.43
Sharpe Ratio 0.29 -0.16
Sortino Ratio 0.40 -0.23
Ulcer Index 6.54 6.22
Ratio: Return / Standard Deviation 0.63 0.27
Ratio: Return / Deepest Drawdown 0.32 0.13
Metrics calculated over the period 1 August 2020 - 31 July 2025
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US Stocks/Bonds 40/60 To CAD Bond Hedged Vanguard Conservative Income
Author Vanguard
ASSET ALLOCATION
Stocks 40% 20%
Fixed Income 60% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 5.82 3.09
Infl. Adjusted (%) 3.14 0.49
DRAWDOWN
Deepest Drawdown Depth (%) -16.22 -13.67
Start to Recovery (months) 27 32
Longest Drawdown Depth (%) -16.22 -13.67
Start to Recovery (months) 27 32
Longest Negative Period (months) 38 52
RISK INDICATORS
Standard Deviation (%) 7.02 5.53
Sharpe Ratio 0.56 0.22
Sortino Ratio 0.77 0.31
Ulcer Index 4.75 4.49
Ratio: Return / Standard Deviation 0.83 0.56
Ratio: Return / Deepest Drawdown 0.36 0.23
Metrics calculated over the period 1 August 2015 - 31 July 2025
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US Stocks/Bonds 40/60 To CAD Bond Hedged Vanguard Conservative Income
Author Vanguard
ASSET ALLOCATION
Stocks 40% 20%
Fixed Income 60% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 6.65 5.39
Infl. Adjusted (%) 4.45 3.21
DRAWDOWN
Deepest Drawdown Depth (%) -16.22 -13.67
Start to Recovery (months) 27 32
Longest Drawdown Depth (%) -12.60 -13.67
Start to Recovery (months) 31 32
Longest Negative Period (months) 61 52
RISK INDICATORS
Standard Deviation (%) 6.00 4.56
Sharpe Ratio 0.73 0.69
Sortino Ratio 0.99 0.94
Ulcer Index 3.42 2.80
Ratio: Return / Standard Deviation 1.11 1.18
Ratio: Return / Deepest Drawdown 0.41 0.39
Metrics calculated over the period 1 August 1995 - 31 July 2025
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US Stocks/Bonds 40/60 To CAD Bond Hedged Vanguard Conservative Income
Author Vanguard
ASSET ALLOCATION
Stocks 40% 20%
Fixed Income 60% 80%
Commodities 0% 0%
PERFORMANCES
Annualized Return (%) 8.00 6.28
Infl. Adjusted (%) 5.56 3.88
DRAWDOWN
Deepest Drawdown Depth (%) -16.22 -13.67
Start to Recovery (months) 27 32
Longest Drawdown Depth (%) -12.60 -13.67
Start to Recovery (months) 31 32
Longest Negative Period (months) 61 52
RISK INDICATORS
Standard Deviation (%) 6.12 4.83
Sharpe Ratio 0.83 0.70
Sortino Ratio 1.14 0.96
Ulcer Index 3.12 2.80
Ratio: Return / Standard Deviation 1.31 1.30
Ratio: Return / Deepest Drawdown 0.49 0.46
Metrics calculated over the period 1 January 1988 - 31 July 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 August 1995 - 31 July 2025 (30 years)
Period: 1 January 1988 - 31 July 2025 (~38 years)
30 Years
(1995/08 - 2025/07)

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US Stocks/Bonds 40/60 To CAD Bond Hedged Vanguard Conservative Income
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-16.22 27 Jan 2022
Mar 2024
-13.67 32 Jan 2022
Aug 2024
-12.60 31 May 2007
Nov 2009
-7.62 14 Jun 2008
Jul 2009
-6.98 19 Apr 2002
Oct 2003
-6.18 4 Feb 2020
May 2020
-5.04 4 Feb 2020
May 2020
-4.43 3 Aug 1998
Oct 1998
-4.37 5 Mar 2025
Jul 2025
-4.35 7 Sep 2018
Mar 2019
-3.91 11 Feb 2001
Dec 2001
-3.65 4 Jul 1998
Oct 1998
-3.56 6 Apr 2006
Sep 2006
-3.28 5 Sep 2000
Jan 2001
-3.28 4 Aug 2015
Nov 2015

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US Stocks/Bonds 40/60 To CAD Bond Hedged Vanguard Conservative Income
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-16.22 27 Jan 2022
Mar 2024
-13.67 32 Jan 2022
Aug 2024
-12.60 31 May 2007
Nov 2009
-9.25 16 Feb 1994
May 1995
-7.62 14 Jun 2008
Jul 2009
-6.98 19 Apr 2002
Oct 2003
-6.18 4 Feb 2020
May 2020
-5.04 4 Feb 2020
May 2020
-4.94 5 Aug 1990
Dec 1990
-4.44 5 Aug 1990
Dec 1990
-4.43 3 Aug 1998
Oct 1998
-4.37 5 Mar 2025
Jul 2025
-4.35 7 Sep 2018
Mar 2019
-4.25 12 Feb 1994
Jan 1995
-4.04 5 Jan 1990
May 1990

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 1988 - 31 July 2025 (~38 years)


Head To Head (Ptf 1 vs Ptf 2):
Canada 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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US Stocks/Bonds 40/60 To CAD Bond Hedged Vanguard Conservative Income
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 3.09 -4.37 2.40 -1.63
2024
 13.57 -2.76 7.22 -2.05
2023
 12.27 -4.42 8.75 -4.25
2022
 -13.92 -16.22 -12.23 -13.67
2021
 8.58 -2.43 1.91 -2.42
2020
 11.00 -6.18 7.92 -5.04
2019
 14.01 -1.54 9.35 -1.11
2018
 0.18 -4.35 -0.17 -2.46
2017
 7.33 -2.02 4.75 -2.28
2016
 4.43 -1.48 3.50 -1.97
2015
 7.39 -3.28 3.70 -2.80
2014
 13.37 -0.13 9.81 -0.79
2013
 16.23 -0.92 4.37 -2.70
2012
 7.54 -0.27 6.12 0.00
2011
 6.36 -1.82 6.75 -0.61
2010
 8.30 -2.22 7.16 -0.71
2009
 6.69 -7.11 10.41 -3.16
2008
 -4.59 -8.18 -2.81 -7.62
2007
 -0.34 -2.73 2.53 -1.34
2006
 8.23 -3.56 6.32 -1.79
2005
 2.03 -2.93 6.38 -1.57
2004
 4.75 -2.09 6.39 -1.68
2003
 6.48 -3.01 7.73 -1.53
2002
 -3.28 -6.98 3.11 -1.42
2001
 2.93 -3.91 4.62 -1.80
2000
 3.27 -3.28 6.50 -1.33
1999
 5.97 -2.62 4.20 -2.18
1998
 17.57 -4.43 10.77 -3.65
1997
 18.78 -2.08 8.53 -1.66
1996
 10.05 -1.85 10.38 -1.30
1995
 24.33 0.00 18.08 0.00
1994
 1.04 -4.25 -5.24 -9.25
1993
 12.63 -0.72 20.37 -0.55
1992
 14.55 -0.87 8.49 -1.52
1991
 24.64 -1.89 19.17 -1.43
1990
 6.24 -4.94 3.20 -4.44
1989
 20.33 -0.58 13.72 -0.34
1988
 9.19 -2.32 8.42 -1.77
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