7Twelve Portfolio
7Twelve is a broadly diversified portfolio developed by Craig Israelsen in 2008. The portfolio consists of 7 asset classes and 12 equally weighted ETFs that invest in those asset classes.
Asset Allocation
Performance
Performance Chart
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The earliest data available for this chart is Jun 4, 2013, corresponding to the inception date of BNDX
Returns By Period
As of May 14, 2025, the 7Twelve Portfolio returned 3.79% Year-To-Date and 5.86% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.08% | 9.75% | -1.63% | 12.74% | 15.66% | 10.77% |
| 7Twelve Portfolio | 3.79% | 5.40% | 2.57% | 9.38% | 10.28% | 5.86% |
| Portfolio components: | ||||||
IJH iShares Core S&P Mid-Cap ETF | -1.50% | 12.58% | -6.35% | 3.77% | 16.11% | 8.85% |
BNDX Vanguard Total International Bond ETF | 0.59% | 0.27% | 1.28% | 4.91% | -0.07% | 1.98% |
VNQ Vanguard Real Estate ETF | 0.32% | 5.78% | -4.09% | 10.78% | 9.20% | 5.03% |
IAU iShares Gold Trust | 23.77% | 0.52% | 24.86% | 38.64% | 13.14% | 10.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 1.51% | 0.33% | 2.14% | 4.76% | 2.57% | 1.78% |
BND Vanguard Total Bond Market ETF | 1.82% | 0.70% | 1.61% | 5.03% | -1.00% | 1.41% |
VEA Vanguard FTSE Developed Markets ETF | 13.51% | 9.35% | 11.50% | 10.74% | 12.56% | 5.59% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 3.08% | 4.51% | -1.58% | 19.35% | -0.03% |
VV Vanguard Large-Cap ETF | 0.66% | 10.23% | -0.85% | 14.67% | 17.28% | 12.68% |
VWO Vanguard FTSE Emerging Markets ETF | 7.67% | 9.91% | 6.19% | 11.63% | 8.85% | 3.67% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 2.99% | 0.40% | 3.41% | 6.55% | 3.90% | 2.78% |
VIOO Vanguard S&P Small-Cap 600 ETF | -5.90% | 13.44% | -12.05% | 1.01% | 15.21% | 7.91% |
Monthly Returns
The table below presents the monthly returns of 7Twelve Portfolio, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.41% | 0.01% | -0.46% | -0.52% | 2.35% | 3.79% | |||||||
| 2024 | -0.88% | 1.84% | 2.97% | -2.12% | 2.40% | 0.43% | 3.23% | 1.09% | 2.07% | -1.06% | 2.34% | -2.67% | 9.81% |
| 2023 | 5.44% | -2.98% | 1.04% | 0.13% | -1.97% | 3.39% | 3.15% | -1.89% | -2.81% | -1.74% | 5.11% | 4.38% | 11.23% |
| 2022 | -2.22% | 0.40% | 1.30% | -3.81% | 0.27% | -5.03% | 3.97% | -3.16% | -6.82% | 3.55% | 5.18% | -2.57% | -9.31% |
| 2021 | 0.82% | 2.23% | 1.36% | 3.13% | 1.67% | 0.25% | 0.59% | 0.78% | -1.93% | 2.96% | -2.21% | 3.26% | 13.49% |
| 2020 | -1.26% | -4.16% | -11.20% | 5.64% | 3.90% | 2.52% | 3.97% | 2.27% | -2.20% | -0.59% | 7.13% | 4.07% | 8.98% |
| 2019 | 6.02% | 1.55% | 0.79% | 1.63% | -3.18% | 4.18% | 0.24% | -0.28% | 0.93% | 1.43% | 0.59% | 2.59% | 17.47% |
| 2018 | 2.09% | -3.07% | 0.74% | 0.26% | 1.20% | -0.06% | 0.79% | 0.68% | -0.40% | -4.27% | 0.59% | -3.80% | -5.36% |
| 2017 | 1.31% | 1.67% | -0.07% | 0.60% | 0.23% | 0.37% | 1.74% | 0.35% | 1.18% | 1.05% | 1.27% | 1.10% | 11.35% |
| 2016 | -2.39% | 0.92% | 4.83% | 1.57% | 0.01% | 2.10% | 1.71% | -0.21% | 0.58% | -1.97% | 0.56% | 1.58% | 9.48% |
| 2015 | 0.39% | 1.74% | -0.64% | 1.03% | -0.22% | -1.37% | -1.41% | -3.20% | -1.48% | 3.39% | -1.24% | -1.91% | -4.99% |
| 2014 | -1.23% | 3.39% | 0.21% | 0.44% | 0.91% | 2.14% | -1.80% | 1.80% | -3.54% | 1.42% | -0.20% | -1.09% | 2.27% |
Expense Ratio
7Twelve Portfolio has an expense ratio of 0.14%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of 7Twelve Portfolio is 71, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
IJH iShares Core S&P Mid-Cap ETF | 0.17 | 0.40 | 1.05 | 0.15 | 0.48 |
BNDX Vanguard Total International Bond ETF | 1.32 | 1.80 | 1.22 | 0.53 | 5.62 |
VNQ Vanguard Real Estate ETF | 0.60 | 0.93 | 1.12 | 0.45 | 1.93 |
IAU iShares Gold Trust | 2.21 | 2.91 | 1.37 | 4.70 | 12.43 |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 20.77 | 247.18 | 141.43 | 436.22 | 4,016.45 |
BND Vanguard Total Bond Market ETF | 0.96 | 1.33 | 1.16 | 0.38 | 2.33 |
VEA Vanguard FTSE Developed Markets ETF | 0.63 | 1.00 | 1.13 | 0.80 | 2.42 |
GSG iShares S&P GSCI Commodity-Indexed Trust | -0.09 | -0.01 | 1.00 | -0.04 | -0.27 |
VV Vanguard Large-Cap ETF | 0.74 | 1.16 | 1.17 | 0.79 | 3.02 |
VWO Vanguard FTSE Emerging Markets ETF | 0.63 | 1.09 | 1.14 | 0.66 | 2.16 |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.24 | 4.82 | 1.71 | 6.61 | 21.36 |
VIOO Vanguard S&P Small-Cap 600 ETF | 0.04 | 0.22 | 1.03 | 0.02 | 0.07 |
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Dividends
Dividend yield
7Twelve Portfolio provided a 2.48% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.48% | 2.50% | 2.56% | 2.34% | 1.86% | 1.38% | 2.05% | 2.17% | 1.69% | 1.68% | 1.59% | 1.62% |
| Portfolio components: | ||||||||||||
IJH iShares Core S&P Mid-Cap ETF | 1.36% | 1.33% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% | 1.34% |
BNDX Vanguard Total International Bond ETF | 4.31% | 4.18% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% |
VNQ Vanguard Real Estate ETF | 4.11% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.69% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.77% | 3.67% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% |
VEA Vanguard FTSE Developed Markets ETF | 2.89% | 3.36% | 3.16% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VV Vanguard Large-Cap ETF | 1.26% | 1.24% | 1.41% | 1.66% | 1.19% | 1.46% | 1.81% | 2.09% | 1.75% | 1.98% | 1.96% | 1.77% |
VWO Vanguard FTSE Emerging Markets ETF | 2.99% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.24% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 2.77% | 2.70% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% |
VIOO Vanguard S&P Small-Cap 600 ETF | 1.58% | 1.48% | 1.47% | 1.51% | 1.16% | 1.09% | 1.37% | 1.32% | 1.11% | 0.95% | 1.26% | 1.06% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the 7Twelve Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the 7Twelve Portfolio was 22.46%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current 7Twelve Portfolio drawdown is 0.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.46% | Jan 21, 2020 | 44 | Mar 23, 2020 | 114 | Sep 2, 2020 | 158 |
| -15.36% | Nov 16, 2021 | 217 | Sep 27, 2022 | 313 | Dec 26, 2023 | 530 |
| -13.82% | Jul 2, 2014 | 391 | Jan 20, 2016 | 144 | Aug 15, 2016 | 535 |
| -10.52% | Jan 29, 2018 | 229 | Dec 24, 2018 | 66 | Apr 1, 2019 | 295 |
| -9% | Feb 19, 2025 | 35 | Apr 8, 2025 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 12 assets, with an effective number of assets of 12.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.
Asset Correlations Table
| ^GSPC | BIL | BNDX | IAU | BND | VTIP | GSG | VNQ | VWO | VIOO | VEA | VV | IJH | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.01 | -0.01 | -0.00 | -0.03 | 0.07 | 0.29 | 0.60 | 0.68 | 0.80 | 0.81 | 1.00 | 0.87 | 0.84 |
| BIL | 0.01 | 1.00 | 0.01 | 0.04 | 0.02 | 0.04 | -0.00 | -0.01 | 0.03 | -0.02 | 0.01 | 0.01 | -0.01 | 0.02 |
| BNDX | -0.01 | 0.01 | 1.00 | 0.26 | 0.72 | 0.39 | -0.10 | 0.18 | -0.00 | -0.04 | 0.01 | -0.00 | -0.03 | 0.10 |
| IAU | -0.00 | 0.04 | 0.26 | 1.00 | 0.37 | 0.36 | 0.17 | 0.11 | 0.15 | -0.01 | 0.14 | 0.00 | 0.00 | 0.27 |
| BND | -0.03 | 0.02 | 0.72 | 0.37 | 1.00 | 0.56 | -0.09 | 0.22 | 0.01 | -0.06 | 0.02 | -0.02 | -0.05 | 0.12 |
| VTIP | 0.07 | 0.04 | 0.39 | 0.36 | 0.56 | 1.00 | 0.24 | 0.20 | 0.12 | 0.07 | 0.15 | 0.08 | 0.08 | 0.26 |
| GSG | 0.29 | -0.00 | -0.10 | 0.17 | -0.09 | 0.24 | 1.00 | 0.12 | 0.33 | 0.29 | 0.34 | 0.28 | 0.30 | 0.50 |
| VNQ | 0.60 | -0.01 | 0.18 | 0.11 | 0.22 | 0.20 | 0.12 | 1.00 | 0.42 | 0.59 | 0.54 | 0.60 | 0.64 | 0.68 |
| VWO | 0.68 | 0.03 | -0.00 | 0.15 | 0.01 | 0.12 | 0.33 | 0.42 | 1.00 | 0.58 | 0.79 | 0.68 | 0.63 | 0.78 |
| VIOO | 0.80 | -0.02 | -0.04 | -0.01 | -0.06 | 0.07 | 0.29 | 0.59 | 0.58 | 1.00 | 0.71 | 0.80 | 0.95 | 0.84 |
| VEA | 0.81 | 0.01 | 0.01 | 0.14 | 0.02 | 0.15 | 0.34 | 0.54 | 0.79 | 0.71 | 1.00 | 0.81 | 0.77 | 0.86 |
| VV | 1.00 | 0.01 | -0.00 | 0.00 | -0.02 | 0.08 | 0.28 | 0.60 | 0.68 | 0.80 | 0.81 | 1.00 | 0.87 | 0.84 |
| IJH | 0.87 | -0.01 | -0.03 | 0.00 | -0.05 | 0.08 | 0.30 | 0.64 | 0.63 | 0.95 | 0.77 | 0.87 | 1.00 | 0.88 |
| Portfolio | 0.84 | 0.02 | 0.10 | 0.27 | 0.12 | 0.26 | 0.50 | 0.68 | 0.78 | 0.84 | 0.86 | 0.84 | 0.88 | 1.00 |
AI Insight on Diversification
The portfolio is moderately diversified, exhibiting a mix of asset classes with varying degrees of correlation that both support and limit diversification benefits.
Several positions show high correlations with each other, particularly among equity-focused ETFs. For example, IJH (a mid-cap US equity ETF), VIOO (an S&P Small-Cap 600 ETF), VV (a total US stock market ETF), VEA (developed international equities), and VWO (emerging markets equities) all have correlations above 0.6 with one another, with some pairs exceeding 0.8 or 0.9. This cluster of equities is tightly correlated, which suggests that these positions may move similarly in many market environments, potentially reducing diversification benefits within the equity sleeve of the portfolio.
On the other hand, the portfolio includes several lowly correlated or even slightly negatively correlated positions that enhance diversification. For instance, BIL (a short-term Treasury ETF) has near-zero or negative correlations with most equity ETFs and commodities (GSG), which helps reduce overall portfolio volatility. Similarly, GSG (a broad commodities ETF) has low or negative correlations with bonds (BND, BNDX) and some equities, providing a diversification buffer against equity and fixed income risks.
Looking at correlations between the portfolio as a whole and individual positions, the highest correlations are with equity ETFs such as IJH (0.88), VV (0.84), VEA (0.86), and VWO (0.78), indicating that equities dominate the portfolio’s overall behavior. Fixed income ETFs like BND (0.12) and BNDX (0.1) show much lower correlations with the portfolio, reflecting their smaller influence or weighting. The moderate correlation of IAU (gold, 0.27) and VTIP (inflation-protected bonds, 0.26) suggests these assets contribute some diversification but are not dominant.
No single position overwhelmingly dominates the portfolio, but the strong correlations and relatively high correlation coefficients with multiple equity ETFs imply that equity exposure is the primary driver of portfolio returns and risk. Fixed income and alternative assets like commodities and gold play a supporting role in diversification but are less influential in the portfolio’s aggregate movements.
In summary, the portfolio is well diversified across asset classes, including equities, fixed income, inflation-protected securities, commodities, and cash equivalents. However, within the equity allocation, there is a high degree of correlation that somewhat limits diversification benefits. The inclusion of lowly correlated assets like short-term Treasuries, commodities, and gold helps mitigate risk and enhance overall portfolio stability.