Developed World ex-US 60/40 Momentum Portfolio vs Gold Portfolio Portfolio Comparison

Simulation Settings
Period: August 2009 - April 2025 (~16 years)
Consolidated Returns as of 30 April 2025
Rebalancing: at every Jan 1st
Currency: USD
Inflation: US
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Results
10 Years
All (since August 2009)
Inflation Adjusted:
Developed World ex-US 60/40 Momentum Portfolio
1.00$
Initial Capital
May 2015
1.63$
Final Capital
April 2025
5.02%
Yearly Return
9.21%
Std Deviation
-22.23%
Max Drawdown
29months
Recovery Period
1.00$
Initial Capital
May 2015
1.21$
Final Capital
April 2025
1.89%
Yearly Return
9.21%
Std Deviation
-29.07%
Max Drawdown
52months*
Recovery Period
* in progress
1.00$
Initial Capital
August 2009
2.51$
Final Capital
April 2025
6.02%
Yearly Return
9.43%
Std Deviation
-22.23%
Max Drawdown
29months
Recovery Period
1.00$
Initial Capital
August 2009
1.69$
Final Capital
April 2025
3.37%
Yearly Return
9.43%
Std Deviation
-29.07%
Max Drawdown
52months*
Recovery Period
* in progress
Gold Portfolio
1.00$
Initial Capital
May 2015
2.68$
Final Capital
April 2025
10.35%
Yearly Return
14.10%
Std Deviation
-18.08%
Max Drawdown
40months
Recovery Period
1.00$
Initial Capital
May 2015
1.98$
Final Capital
April 2025
7.06%
Yearly Return
14.10%
Std Deviation
-28.93%
Max Drawdown
48months
Recovery Period
1.00$
Initial Capital
August 2009
3.25$
Final Capital
April 2025
7.78%
Yearly Return
15.96%
Std Deviation
-42.91%
Max Drawdown
107months
Recovery Period
1.00$
Initial Capital
August 2009
2.19$
Final Capital
April 2025
5.09%
Yearly Return
15.96%
Std Deviation
-45.71%
Max Drawdown
158months
Recovery Period

As of April 2025, over the analyzed timeframe, the Developed World ex-US 60/40 Momentum Portfolio obtained a 6.02% compound annual return, with a 9.43% standard deviation. It suffered a maximum drawdown of -22.23% that required 29 months to be recovered.

As of April 2025, over the analyzed timeframe, the Gold Portfolio obtained a 7.78% compound annual return, with a 15.96% standard deviation. It suffered a maximum drawdown of -42.91% that required 107 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.

Developed World ex-US 60/40 Momentum Portfolio
Weight
(%)		 Ticker Name
60.00
IMTM
iShares MSCI Intl Momentum Factor ETF
40.00
BNDX
Vanguard Total International Bond
Gold Portfolio
Weight
(%)		 Ticker Name
100.00
GLD
SPDR Gold Trust
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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 August 2009 - 30 April 2025 (~16 years)
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Return (%) as of Apr 30, 2025
YTD
(4M) 		1M 6M 1Y 5Y 10Y MAX
(~16Y)
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_world.webp Developed World ex-US 60/40 Momentum
-- Market Benchmark 		8.59 4.36 7.55 12.12 6.93 5.02 6.02
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_gold.webp Gold
-- Market Benchmark 		25.46 5.42 19.83 43.38 13.85 10.35 7.78
Return over 1 year are annualized.
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Capital Growth as of Apr 30, 2025

Developed World ex-US 60/40 Momentum Portfolio: an investment of 1$, since May 2015, now would be worth 1.63$, with a total return of 63.13% (5.02% annualized).

Gold Portfolio: an investment of 1$, since May 2015, now would be worth 2.68$, with a total return of 167.71% (10.35% annualized).


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Developed World ex-US 60/40 Momentum Portfolio: an investment of 1$, since August 2009, now would be worth 2.51$, with a total return of 151.08% (6.02% annualized).

Gold Portfolio: an investment of 1$, since August 2009, now would be worth 3.25$, with a total return of 225.41% (7.78% 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 August 2009 - 30 April 2025 (~16 years)
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Developed World ex-US 60/40 Momentum Gold
Author
ASSET ALLOCATION
Stocks 60% 0%
Fixed Income 40% 0%
Commodities 0% 100%
PERFORMANCES
Annualized Return (%) 12.12 43.38
Infl. Adjusted Return (%) 9.85 40.46
DRAWDOWN
Deepest Drawdown Depth (%) -3.74 -4.49
Start to Recovery (months) 5 3
Longest Drawdown Depth (%) -3.74 -4.49
Start to Recovery (months) 5 3
Longest Negative Period (months) 5 3
RISK INDICATORS
Standard Deviation (%) 7.18 12.01
Sharpe Ratio 1.02 3.21
Sortino Ratio 1.35 4.47
Ulcer Index 1.39 1.52
Ratio: Return / Standard Deviation 1.69 3.61
Ratio: Return / Deepest Drawdown 3.24 9.66
Metrics calculated over the period 1 May 2024 - 30 April 2025
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Developed World ex-US 60/40 Momentum Gold
Author
ASSET ALLOCATION
Stocks 60% 0%
Fixed Income 40% 0%
Commodities 0% 100%
PERFORMANCES
Annualized Return (%) 6.93 13.85
Infl. Adjusted Return (%) 2.29 8.91
DRAWDOWN
Deepest Drawdown Depth (%) -22.23 -18.08
Start to Recovery (months) 29 40
Longest Drawdown Depth (%) -22.23 -18.08
Start to Recovery (months) 29 40
Longest Negative Period (months) 39 39
RISK INDICATORS
Standard Deviation (%) 10.44 14.73
Sharpe Ratio 0.42 0.77
Sortino Ratio 0.57 1.14
Ulcer Index 7.94 6.97
Ratio: Return / Standard Deviation 0.66 0.94
Ratio: Return / Deepest Drawdown 0.31 0.77
Metrics calculated over the period 1 May 2020 - 30 April 2025
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Developed World ex-US 60/40 Momentum Gold
Author
ASSET ALLOCATION
Stocks 60% 0%
Fixed Income 40% 0%
Commodities 0% 100%
PERFORMANCES
Annualized Return (%) 5.02 10.35
Infl. Adjusted Return (%) 1.89 7.06
DRAWDOWN
Deepest Drawdown Depth (%) -22.23 -18.08
Start to Recovery (months) 29 40
Longest Drawdown Depth (%) -22.23 -18.08
Start to Recovery (months) 29 40
Longest Negative Period (months) 56 41
RISK INDICATORS
Standard Deviation (%) 9.21 14.10
Sharpe Ratio 0.35 0.61
Sortino Ratio 0.47 0.91
Ulcer Index 6.28 6.65
Ratio: Return / Standard Deviation 0.54 0.73
Ratio: Return / Deepest Drawdown 0.23 0.57
Metrics calculated over the period 1 May 2015 - 30 April 2025
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Developed World ex-US 60/40 Momentum Gold
Author
ASSET ALLOCATION
Stocks 60% 0%
Fixed Income 40% 0%
Commodities 0% 100%
PERFORMANCES
Annualized Return (%) 6.02 7.78
Infl. Adjusted Return (%) 3.37 5.09
DRAWDOWN
Deepest Drawdown Depth (%) -22.23 -42.91
Start to Recovery (months) 29 107
Longest Drawdown Depth (%) -22.23 -42.91
Start to Recovery (months) 29 107
Longest Negative Period (months) 56 145
RISK INDICATORS
Standard Deviation (%) 9.43 15.96
Sharpe Ratio 0.52 0.42
Sortino Ratio 0.70 0.61
Ulcer Index 5.67 21.72
Ratio: Return / Standard Deviation 0.64 0.49
Ratio: Return / Deepest Drawdown 0.27 0.18
Metrics calculated over the period 1 August 2009 - 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 2015 - 30 April 2025 (10 years)
Period: 1 August 2009 - 30 April 2025 (~16 years)

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Developed World ex-US 60/40 Momentum Gold
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-22.23 29 Nov 2021
Mar 2024
-18.08 40 Aug 2020
Nov 2023
-15.02 35 Aug 2016
Jun 2019
-11.08 9 Jun 2015
Feb 2016
-10.52 17 Feb 2018
Jun 2019
-10.46 5 Feb 2020
Jun 2020
-7.73 15 May 2015
Jul 2016
-6.14 2 May 2016
Jun 2016
-5.21 8 Aug 2016
Mar 2017
-4.49 3 Nov 2024
Jan 2025
-4.10 5 Sep 2019
Jan 2020
-3.74 5 Oct 2024
Feb 2025
-3.08 4 Apr 2024
Jul 2024
-2.69 2 Sep 2021
Oct 2021
-2.13 2 Oct 2020
Nov 2020

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Developed World ex-US 60/40 Momentum Gold
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-42.91 107 Sep 2011
Jul 2020
-22.23 29 Nov 2021
Mar 2024
-18.08 40 Aug 2020
Nov 2023
-15.10 19 May 2011
Nov 2012
-10.52 17 Feb 2018
Jun 2019
-10.46 5 Feb 2020
Jun 2020
-8.37 6 Dec 2009
May 2010
-7.73 15 May 2015
Jul 2016
-6.85 6 Apr 2010
Sep 2010
-6.38 3 Jan 2011
Mar 2011
-5.64 5 May 2013
Sep 2013
-5.21 8 Aug 2016
Mar 2017
-5.09 2 Jul 2010
Aug 2010
-4.49 3 Nov 2024
Jan 2025
-4.18 3 May 2011
Jul 2011

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 August 2009 - 30 April 2025 (~16 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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Developed World ex-US 60/40 Momentum Gold
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 8.59 -0.61 25.46 0.00
2024
 8.72 -3.74 26.66 -4.49
2023
 11.85 -5.80 12.69 -7.22
2022
 -15.18 -22.15 -0.77 -15.91
2021
 3.05 -2.69 -4.15 -10.32
2020
 15.15 -10.46 24.81 -10.12
2019
 17.85 -1.00 17.86 -4.10
2018
 -7.45 -10.52 -1.94 -11.66
2017
 16.24 -0.39 12.81 -4.09
2016
 2.13 -5.21 8.03 -15.02
2015
 -0.48 -7.73 -10.67 -17.81
2014
 -2.02 -4.02 -2.19 -12.44
2013
 12.99 -5.64 -28.33 -28.33
2012
 14.58 -4.84 6.60 -10.45
2011
 -5.18 -15.10 9.57 -14.48
2010
 11.89 -6.85 29.27 -5.09
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