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Bill Bernstein Coward's Portfolio

The Coward’s Portfolio, also known as the Smart Money Portfolio, is a popular lazy portfolio proposed by William Bernstein in 1996 at his Efficient Frontier website. It is designed for investors looking to extend simpler alternatives like his No-Brainer Portfolio.

Expense Ratio
0.15%
Dividend Yield
1.24%

Bill Bernstein Coward's PortfolioAsset Allocation


S&P 500

Bill Bernstein Coward's PortfolioPerformance

The chart shows the growth of $10,000 invested in Bill Bernstein Coward's Portfolio on Jan 5, 2010 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $23,563 for a total return of roughly 135.63%. All prices are adjusted for splits and dividends. The portfolio is rebalanced Quarterly


Bill Bernstein Coward's Portfolio
Benchmark (S&P 500)
Portfolio components

Bill Bernstein Coward's PortfolioReturns

As of Apr 18, 2021, the Bill Bernstein Coward's Portfolio returned 8.62% Year-To-Date and 7.47% of annualized return in the last 10 years.


1MYTD6M1Y5Y10Y
Bill Bernstein Coward's Portfolio1.98%8.62%17.87%32.67%9.39%7.47%
EEM
iShares MSCI Emerging Markets ETF
1.74%5.19%20.53%52.32%11.71%3.04%
IJR
iShares Core S&P Small-Cap ETF
-0.06%20.84%46.86%89.18%15.75%13.29%
IJS
iShares S&P SmallCap 600 Value ETF
-1.11%26.41%54.52%97.20%13.98%12.31%
SHY
iShares 1-3 Year Treasury Bond ETF
0.01%-0.06%-0.01%0.15%1.58%1.14%
VGK
Vanguard FTSE Europe ETF
6.00%11.15%26.94%51.71%9.70%5.78%
VNQ
Vanguard Real Estate ETF
5.39%13.84%21.55%31.36%7.13%9.24%
VPL
Vanguard FTSE Pacific ETF
1.99%6.13%24.34%49.13%10.94%7.04%
VTV
Vanguard Value ETF
3.64%14.40%26.44%41.63%13.01%11.97%
VV
Vanguard Large Cap ETF
7.00%11.59%21.26%50.41%17.60%14.58%

Bill Bernstein Coward's PortfolioSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Bill Bernstein Coward's Portfolio Sharpe ratio is 2.77. A Sharpe ratio higher than 2.0 is considered very good.

The chart below displays rolling 12-month Sharpe Ratio.


Bill Bernstein Coward's Portfolio
Benchmark (S&P 500)
Portfolio components

Bill Bernstein Coward's PortfolioDividends

Bill Bernstein Coward's Portfolio granted a 1.24% dividend yield in the last twelve months, as of Apr 18, 2021.


PeriodTTM20202019201820172016201520142013201220112010
Dividend yield
1.24%1.50%2.22%2.23%1.65%1.65%1.61%1.49%1.34%1.57%1.75%1.75%

Bill Bernstein Coward's PortfolioDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


Bill Bernstein Coward's Portfolio
Benchmark (S&P 500)
Portfolio components

Bill Bernstein Coward's PortfolioWorst Drawdowns

The table below shows the maximum drawdowns of the Bill Bernstein Coward's Portfolio. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Bill Bernstein Coward's Portfolio is 21.52%, recorded on Mar 23, 2020. It took 114 trading sessions for the portfolio to recover.


Depth
Start
To Bottom
Bottom
To Recover
End
Total
-21.52%Jan 21, 202044Mar 23, 2020114Sep 2, 2020158
-14.01%May 2, 2011108Oct 3, 201195Feb 17, 2012203
-11.06%Aug 30, 201880Dec 24, 201870Apr 5, 2019150
-10.2%Apr 29, 2015200Feb 11, 2016103Jul 11, 2016303
-9.34%Apr 26, 201049Jul 2, 201071Oct 13, 2010120
-6.86%Apr 3, 201243Jun 4, 201266Sep 6, 2012109
-5.99%Jan 29, 20189Feb 8, 2018134Aug 21, 2018143
-5.59%Jan 20, 201014Feb 8, 201019Mar 8, 201033
-4.92%Sep 3, 202014Sep 23, 202013Oct 12, 202027
-4.86%May 22, 201323Jun 24, 201317Jul 18, 201340

Bill Bernstein Coward's PortfolioVolatility Chart

Current Bill Bernstein Coward's Portfolio volatility is 13.22%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


Bill Bernstein Coward's Portfolio
Benchmark (S&P 500)
Portfolio components

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