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

Simulation Settings

Period: January 1988 - August 2025 (~38 years)
Consolidated Returns as of 31 August 2025

Initial Amount: 1$

Rebalancing: at every Jan 1^st

Currency: CAD

Inflation: Canada

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Results

30 Years
(1995/09 - 2025/08)

All Data
(1988/01 - 2025/08)

Inflation Adjusted:

Vanguard Conservative Portfolio

1.00$
Invested Capital
September 1995
6.42$
Final Capital
August 2025
6.39%
Yearly Return
6.01%
Std Deviation
-15.05%
Max Drawdown
16months
Recovery Period

1.00$
Invested Capital
September 1995
3.41$
Final Capital
August 2025
4.18%
Yearly Return
6.01%
Std Deviation
-19.45%
Max Drawdown
48months
Recovery Period

1.00$
Invested Capital
January 1988
13.82$
Final Capital
August 2025
7.22%
Yearly Return
6.16%
Std Deviation
-15.05%
Max Drawdown
16months
Recovery Period

1.00$
Invested Capital
January 1988
5.83$
Final Capital
August 2025
4.79%
Yearly Return
6.16%
Std Deviation
-19.45%
Max Drawdown
48months
Recovery Period

US Stocks/Bonds 40/60 To CAD Bond Hedged Portfolio

1.00$
Invested Capital
September 1995
6.95$
Final Capital
August 2025
6.68%
Yearly Return
6.00%
Std Deviation
-16.22%
Max Drawdown
27months
Recovery Period

1.00$
Invested Capital
September 1995
3.70$
Final Capital
August 2025
4.45%
Yearly Return
6.00%
Std Deviation
-20.99%
Max Drawdown
44months*
Recovery Period
* in progress

1.00$
Invested Capital
January 1988
18.26$
Final Capital
August 2025
8.02%
Yearly Return
6.11%
Std Deviation
-16.22%
Max Drawdown
27months
Recovery Period

1.00$
Invested Capital
January 1988
7.71$
Final Capital
August 2025
5.57%
Yearly Return
6.11%
Std Deviation
-20.99%
Max Drawdown
44months*
Recovery Period
* in progress

As of August 2025, in the previous 30 Years, the Vanguard Conservative Portfolio obtained a 6.39% compound annual return, with a 6.01% standard deviation. It suffered a maximum drawdown of -15.05% that required 16 months to be recovered.

As of August 2025, in the previous 30 Years, the US Stocks/Bonds 40/60 To CAD Bond Hedged Portfolio obtained a 6.68% compound annual return, with a 6.00% standard deviation. It suffered a maximum drawdown of -16.22% that required 27 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.

Vanguard Conservative Portfolio

Weight (%)	Ticker	Name
18.00	VUN.TO	Vanguard US Total Market Index
12.00	VCN.TO	Vanguard FTSE Canada All Cap Index
7.20	VIU.TO	Vanguard FTSE Developed All Cap ex North Amer Idx
2.80	VEE.TO	Vanguard FTSE Emerging Markets All Cap Index
36.00	VAB.TO	Vanguard Canadian Aggregate Bond Index
12.00	VBG.NE	Vanguard Global ex-US Aggregate Bond Index CAD-hedged
12.00	VBU.NE	Vanguard US Aggregate Bond Index CAD-hedged

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

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Portfolio Returns as of Aug 31, 2025

Returns are calculated in CAD, assuming:

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

Return Comparison

Capital Growth

30 Years
(1995/09 - 2025/08)

All Data
(1988/01 - 2025/08)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Vanguard Conservative Vanguard	1 $	6.42 $	541.51%	6.39%
US Stocks/Bonds 40/60 To CAD Bond Hedged	1 $	6.95 $	594.95%	6.68%
	Sep 1995	Aug 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Vanguard Conservative Vanguard	1 $	3.41 $	241.18%	4.18%
US Stocks/Bonds 40/60 To CAD Bond Hedged	1 $	3.70 $	269.60%	4.45%
	Sep 1995	Aug 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Vanguard Conservative Vanguard	1 $	13.82 $	1 282.35%	7.22%
US Stocks/Bonds 40/60 To CAD Bond Hedged	1 $	18.26 $	1 725.66%	8.02%
	Jan 1988	Aug 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Vanguard Conservative Vanguard	1 $	5.83 $	483.45%	4.79%
US Stocks/Bonds 40/60 To CAD Bond Hedged	1 $	7.71 $	670.56%	5.57%
	Jan 1988	Aug 2025

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		Return (%) as of Aug 31, 2025
		YTD (8M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~38Y)
	Vanguard Conservative Vanguard	5.45	1.43	2.90	9.42	4.94	5.42	6.39	7.22
	US Stocks/Bonds 40/60 • Bond Hedged -- Market Benchmark	4.25	1.12	2.01	8.20	5.12	6.12	6.68	8.02
Returns over 1 year are annualized.

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Portfolio Metrics as of Aug 31, 2025

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

METRIC COMPARISON

Period: 1 September 2024 - 31 August 2025 (1 year)

Period: 1 September 2020 - 31 August 2025 (5 years)

Period: 1 September 2015 - 31 August 2025 (10 years)

Period: 1 September 1995 - 31 August 2025 (30 years)

Period: 1 January 1988 - 31 August 2025 (~38 years)

1 Year

5 Years

10 Years

30 Years

All (1988/01 - 2025/08)

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	Vanguard Conservative	US Stocks/Bonds 40/60 To CAD Bond Hedged
Author	Vanguard
ASSET ALLOCATION
Stocks	40%	40%
Fixed Income	60%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	9.42	8.20
Infl. Adjusted (%)	7.36	6.17
DRAWDOWN
Deepest Drawdown Depth (%)	-2.66	-4.37
Start to Recovery (months)	4	5
Longest Drawdown Depth (%)	-2.66	-4.37
Start to Recovery (months)	4	5
Longest Negative Period (months)	5	7
RISK INDICATORS
Standard Deviation (%)	5.18	6.62
Sharpe Ratio	0.96	0.57
Sortino Ratio	1.31	0.77
Ulcer Index	0.96	1.70
Ratio: Return / Standard Deviation	1.82	1.24
Ratio: Return / Deepest Drawdown	3.54	1.88
Metrics calculated over the period 1 September 2024 - 31 August 2025

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	Vanguard Conservative	US Stocks/Bonds 40/60 To CAD Bond Hedged
Author	Vanguard
ASSET ALLOCATION
Stocks	40%	40%
Fixed Income	60%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	4.94	5.12
Infl. Adjusted (%)	1.12	1.29
DRAWDOWN
Deepest Drawdown Depth (%)	-14.47	-16.22
Start to Recovery (months)	27	27
Longest Drawdown Depth (%)	-14.47	-16.22
Start to Recovery (months)	27	27
Longest Negative Period (months)	38	38
RISK INDICATORS
Standard Deviation (%)	7.50	8.13
Sharpe Ratio	0.28	0.28
Sortino Ratio	0.40	0.38
Ulcer Index	5.67	6.54
Ratio: Return / Standard Deviation	0.66	0.63
Ratio: Return / Deepest Drawdown	0.34	0.32
Metrics calculated over the period 1 September 2020 - 31 August 2025

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	Vanguard Conservative	US Stocks/Bonds 40/60 To CAD Bond Hedged
Author	Vanguard
ASSET ALLOCATION
Stocks	40%	40%
Fixed Income	60%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	5.42	6.12
Infl. Adjusted (%)	2.73	3.41
DRAWDOWN
Deepest Drawdown Depth (%)	-14.47	-16.22
Start to Recovery (months)	27	27
Longest Drawdown Depth (%)	-14.47	-16.22
Start to Recovery (months)	27	27
Longest Negative Period (months)	39	38
RISK INDICATORS
Standard Deviation (%)	6.73	6.99
Sharpe Ratio	0.52	0.60
Sortino Ratio	0.72	0.82
Ulcer Index	4.17	4.74
Ratio: Return / Standard Deviation	0.81	0.88
Ratio: Return / Deepest Drawdown	0.37	0.38
Metrics calculated over the period 1 September 2015 - 31 August 2025

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	Vanguard Conservative	US Stocks/Bonds 40/60 To CAD Bond Hedged
Author	Vanguard
ASSET ALLOCATION
Stocks	40%	40%
Fixed Income	60%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	6.39	6.68
Infl. Adjusted (%)	4.18	4.45
DRAWDOWN
Deepest Drawdown Depth (%)	-15.05	-16.22
Start to Recovery (months)	16	27
Longest Drawdown Depth (%)	-8.56	-12.60
Start to Recovery (months)	38	31
Longest Negative Period (months)	45	61
RISK INDICATORS
Standard Deviation (%)	6.01	6.00
Sharpe Ratio	0.69	0.74
Sortino Ratio	0.92	0.99
Ulcer Index	3.52	3.42
Ratio: Return / Standard Deviation	1.06	1.11
Ratio: Return / Deepest Drawdown	0.42	0.41
Metrics calculated over the period 1 September 1995 - 31 August 2025

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	Vanguard Conservative	US Stocks/Bonds 40/60 To CAD Bond Hedged
Author	Vanguard
ASSET ALLOCATION
Stocks	40%	40%
Fixed Income	60%	60%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	7.22	8.02
Infl. Adjusted (%)	4.79	5.57
DRAWDOWN
Deepest Drawdown Depth (%)	-15.05	-16.22
Start to Recovery (months)	16	27
Longest Drawdown Depth (%)	-8.56	-12.60
Start to Recovery (months)	38	31
Longest Negative Period (months)	45	61
RISK INDICATORS
Standard Deviation (%)	6.16	6.11
Sharpe Ratio	0.70	0.84
Sortino Ratio	0.94	1.15
Ulcer Index	3.36	3.11
Ratio: Return / Standard Deviation	1.17	1.31
Ratio: Return / Deepest Drawdown	0.48	0.49
Metrics calculated over the period 1 January 1988 - 31 August 2025

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 September 1995 - 31 August 2025 (30 years)

Period: 1 January 1988 - 31 August 2025 (~38 years)

30 Years
(1995/09 - 2025/08)

Chart Table

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Vanguard Conservative			US Stocks/Bonds 40/60 To CAD Bond Hedged
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-16.22	27	Jan 2022 Mar 2024
-15.05	16	Jun 2008 Sep 2009
-14.47	27	Jan 2022 Mar 2024
			-12.60	31	May 2007 Nov 2009
-8.56	38	Sep 2000 Oct 2003
-8.32	5	Feb 2020 Jun 2020
			-6.98	19	Apr 2002 Oct 2003
-6.68	4	Jul 1998 Oct 1998
			-6.18	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
-4.29	10	Aug 2015 May 2016
			-3.91	11	Feb 2001 Dec 2001
-3.75	6	Sep 2018 Feb 2019

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Vanguard Conservative			US Stocks/Bonds 40/60 To CAD Bond Hedged
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-16.22	27	Jan 2022 Mar 2024
-15.05	16	Jun 2008 Sep 2009
-14.47	27	Jan 2022 Mar 2024
			-12.60	31	May 2007 Nov 2009
-8.56	38	Sep 2000 Oct 2003
-8.32	5	Feb 2020 Jun 2020
-8.18	16	Feb 1994 May 1995
-7.24	6	Aug 1990 Jan 1991
			-6.98	19	Apr 2002 Oct 2003
-6.68	4	Jul 1998 Oct 1998
			-6.18	4	Feb 2020 May 2020
-5.96	7	Jan 1990 Jul 1990
			-4.94	5	Aug 1990 Dec 1990
			-4.43	3	Aug 1998 Oct 1998
			-4.37	5	Mar 2025 Jul 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 1988 - 31 August 2025 (~38 years)

Rolling Period:

Vanguard Conservative
US Stocks/Bonds 40/60 To CAD Bond Hedged

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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	Vanguard Conservative		US Stocks/Bonds 40/60 To CAD Bond Hedged
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2025	5.45	-2.66	4.25	-4.37
2024	11.69	-2.02	13.57	-2.76
2023	11.01	-4.00	12.27	-4.42
2022	-11.93	-14.47	-13.92	-16.22
2021	6.56	-2.31	8.58	-2.43
2020	8.93	-8.32	11.00	-6.18
2019	12.30	-1.12	14.01	-1.54
2018	-1.02	-3.75	0.18	-4.35
2017	6.93	-2.64	7.33	-2.02
2016	5.18	-1.58	4.43	-1.48
2015	4.88	-4.29	7.39	-3.28
2014	11.14	-1.01	13.37	-0.13
2013	10.43	-1.93	16.23	-0.92
2012	7.59	-1.43	7.54	-0.27
2011	4.01	-2.80	6.36	-1.82
2010	8.31	-2.04	8.30	-2.22
2009	13.13	-5.50	6.69	-7.11
2008	-9.21	-12.47	-4.59	-8.18
2007	1.59	-1.20	-0.34	-2.73
2006	9.52	-2.68	8.23	-3.56
2005	7.99	-1.57	2.03	-2.93
2004	7.10	-2.07	4.75	-2.09
2003	9.73	-3.35	6.48	-3.01
2002	-1.99	-6.33	-3.28	-6.98
2001	1.14	-5.87	2.93	-3.91
2000	3.58	-4.87	3.27	-3.28
1999	9.58	-2.62	5.97	-2.62
1998	12.33	-6.68	17.57	-4.43
1997	11.39	-2.33	18.78	-2.08
1996	12.66	-1.07	10.05	-1.85
1995	18.08	-0.39	24.33	0.00
1994	-2.99	-8.18	1.04	-4.25
1993	22.62	-1.06	12.63	-0.72
1992	7.96	-1.99	14.55	-0.87
1991	20.93	-2.28	24.64	-1.89
1990	-0.76	-7.24	6.24	-4.94
1989	16.39	-0.97	20.33	-0.58
1988	8.86	-2.01	9.19	-2.32

Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of Aug 31, 2025

Portfolio Metrics as of Aug 31, 2025

Drawdowns

Rolling Returns

Yearly Returns