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.
Bill Bernstein Coward's PortfolioAsset Allocation
Bill Bernstein Coward's PortfolioPerformance
The chart shows the growth of $10,000 invested in Bill Bernstein Coward's Portfolio in Jan 2010 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $22,632 for a total return of roughly 126.32%. All prices are adjusted for splits and dividends. The portfolio is rebalanced Quarterly
Bill Bernstein Coward's PortfolioReturns
As of Dec 3, 2022, the Bill Bernstein Coward's Portfolio returned -9.50% Year-To-Date and 7.98% of annualized return in the last 10 years.
| 1M | 6M | YTD | 1Y | 5Y | 10Y | |
|---|---|---|---|---|---|---|
| Benchmark | 5.59% | -2.52% | -14.57% | -9.78% | 9.04% | 11.20% |
| Bill Bernstein Coward's Portfolio | 4.62% | -1.37% | -7.76% | -4.54% | 5.05% | 6.61% |
| Portfolio components: | ||||||
VNQ Vanguard Real Estate ETF | 5.64% | -10.50% | -22.74% | -13.82% | 4.57% | 7.28% |
VV Vanguard Large-Cap ETF | 5.64% | -1.90% | -15.04% | -10.23% | 10.76% | 13.21% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.99% | -1.27% | -3.81% | -4.02% | 0.63% | 0.54% |
VPL Vanguard FTSE Pacific ETF | 11.95% | -4.57% | -13.50% | -10.64% | 1.02% | 5.37% |
IJR iShares Core S&P Small-Cap ETF | 3.89% | -0.01% | -9.94% | -4.49% | 7.37% | 11.94% |
VGK Vanguard FTSE Europe ETF | 14.16% | -2.15% | -13.39% | -8.35% | 2.95% | 5.38% |
IJS iShares S&P SmallCap 600 Value ETF | 3.52% | -0.62% | -5.12% | 0.29% | 6.60% | 11.26% |
VTV Vanguard Value ETF | 5.61% | 2.60% | 1.09% | 8.77% | 9.61% | 12.55% |
EEM iShares MSCI Emerging Markets ETF | 13.56% | -7.42% | -18.37% | -17.45% | -0.78% | 1.52% |
| Returns over 1 year are annualized | ||||||
Bill Bernstein Coward's PortfolioDividends
Bill Bernstein Coward's Portfolio granted a 1.80% dividend yield in the last twelve months.
| Period | TTM | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend yield | 1.80% | 1.28% | 1.52% | 2.33% | 2.40% | 1.83% | 1.89% | 1.87% | 1.79% | 1.66% | 1.98% | 2.23% | 2.28% |
Bill Bernstein Coward's PortfolioDrawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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, 2020 | 44 | Mar 23, 2020 | 114 | Sep 2, 2020 | 158 |
| -16.64% | Nov 9, 2021 | 225 | Sep 30, 2022 | — | — | — |
| -14.01% | May 2, 2011 | 108 | Oct 3, 2011 | 95 | Feb 17, 2012 | 203 |
| -11.06% | Aug 30, 2018 | 80 | Dec 24, 2018 | 70 | Apr 5, 2019 | 150 |
| -10.2% | Apr 29, 2015 | 200 | Feb 11, 2016 | 103 | Jul 11, 2016 | 303 |
| -9.34% | Apr 26, 2010 | 49 | Jul 2, 2010 | 71 | Oct 13, 2010 | 120 |
| -6.86% | Apr 3, 2012 | 43 | Jun 4, 2012 | 66 | Sep 6, 2012 | 109 |
| -5.99% | Jan 29, 2018 | 9 | Feb 8, 2018 | 134 | Aug 21, 2018 | 143 |
| -5.59% | Jan 20, 2010 | 14 | Feb 8, 2010 | 19 | Mar 8, 2010 | 33 |
| -4.92% | Sep 3, 2020 | 14 | Sep 23, 2020 | 13 | Oct 12, 2020 | 27 |
Bill Bernstein Coward's PortfolioVolatility Chart
Current Bill Bernstein Coward's Portfolio volatility is 21.00%. 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.