Bogleheads Four-fund Portfolio with NASDAC (QQQ)
The Bogleheads Four-fund Portfolio is the extension of the Bogleheads Three-fund Portfolio with the addition of international bonds. It uses four fundamental asset classes: a U.S total stock market fund, a total international stock market fund, a total bond market fund, and a total international bond market. The portfolio could be replicated using four low-cost ETFs.
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BND Vanguard Total Bond Market ETF | Total Bond Market | 15% |
BNDX Vanguard Total International Bond ETF | Total Bond Market | 5% |
QQQ Invesco QQQ | Large Cap Blend Equities | 50% |
VEA Vanguard FTSE Developed Markets ETF | Foreign Large Cap Equities | 30% |
VTI Vanguard Total Stock Market ETF | Large Cap Growth Equities | 0% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Bogleheads Four-fund Portfolio with NASDAC (QQQ), comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced every 3 months.
The earliest data available for this chart is Jun 4, 2013, corresponding to the inception date of BNDX
Returns By Period
As of Apr 25, 2025, the Bogleheads Four-fund Portfolio with NASDAC (QQQ) returned -5.74% Year-To-Date and 12.59% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -6.06% | -3.27% | -4.87% | 9.44% | 14.30% | 10.11% |
| Bogleheads Four-fund Portfolio with NASDAC (QQQ) | -4.86% | -1.76% | -2.70% | 11.68% | 15.40% | 12.71% |
| Portfolio components: | ||||||
VTI Vanguard Total Stock Market ETF | -6.29% | -3.40% | -4.58% | 9.95% | 15.58% | 11.38% |
BND Vanguard Total Bond Market ETF | 2.74% | 0.67% | 1.94% | 7.62% | -0.84% | 1.43% |
VEA Vanguard FTSE Developed Markets ETF | 10.15% | 1.27% | 5.84% | 11.52% | 11.96% | 5.34% |
BNDX Vanguard Total International Bond ETF | 1.38% | 1.87% | 1.95% | 6.72% | 0.16% | 1.85% |
QQQ Invesco QQQ | -7.43% | -2.44% | -4.30% | 12.01% | 17.97% | 16.64% |
Monthly Returns
The table below presents the monthly returns of Bogleheads Four-fund Portfolio with NASDAC (QQQ), 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 | 2.34% | -1.88% | -6.25% | 1.07% | -4.86% | ||||||||
| 2024 | 1.29% | 4.55% | 1.57% | -4.12% | 5.67% | 5.06% | -0.87% | 1.35% | 2.34% | -1.49% | 4.50% | -0.13% | 21.03% |
| 2023 | 9.73% | -1.04% | 7.84% | 0.84% | 5.40% | 5.59% | 3.49% | -1.77% | -4.72% | -2.19% | 10.10% | 5.45% | 44.56% |
| 2022 | -7.58% | -3.96% | 3.52% | -11.91% | -0.93% | -8.38% | 10.58% | -5.07% | -9.90% | 3.91% | 6.42% | -7.31% | -28.79% |
| 2021 | 0.02% | 0.14% | 1.66% | 5.02% | -0.35% | 4.66% | 2.38% | 3.44% | -5.01% | 6.57% | 0.92% | 1.47% | 22.43% |
| 2020 | 1.75% | -5.53% | -8.05% | 12.08% | 5.74% | 5.22% | 5.98% | 8.88% | -4.55% | -2.86% | 10.67% | 4.58% | 36.49% |
| 2019 | 7.63% | 2.48% | 2.99% | 4.30% | -6.48% | 6.45% | 1.23% | -1.36% | 1.17% | 3.63% | 3.04% | 3.37% | 31.52% |
| 2018 | 6.56% | -2.10% | -2.66% | 0.53% | 3.39% | 0.41% | 2.35% | 3.55% | -0.10% | -7.69% | 0.00% | -6.78% | -3.46% |
| 2017 | 3.97% | 3.04% | 1.96% | 2.32% | 3.33% | -1.32% | 3.26% | 1.43% | 0.34% | 3.33% | 1.45% | 0.83% | 26.58% |
| 2016 | -5.27% | -1.50% | 5.88% | -1.30% | 2.50% | -1.51% | 5.31% | 0.69% | 1.73% | -1.61% | -0.45% | 1.32% | 5.37% |
| 2015 | -0.64% | 5.52% | -1.59% | 2.03% | 1.19% | -2.39% | 3.17% | -5.91% | -2.18% | 8.29% | 0.14% | -1.50% | 5.47% |
| 2014 | -2.30% | 4.54% | -1.57% | 0.43% | 3.05% | 2.01% | -0.07% | 3.01% | -1.65% | 1.50% | 2.72% | -2.22% | 9.52% |
Expense Ratio
Bogleheads Four-fund Portfolio with NASDAC (QQQ) has an expense ratio of 0.12%, 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 Bogleheads Four-fund Portfolio with NASDAC (QQQ) is 44, 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 | |
|---|---|---|---|---|---|
VTI Vanguard Total Stock Market ETF | 0.47 | 0.80 | 1.12 | 0.49 | 1.99 |
BND Vanguard Total Bond Market ETF | 1.33 | 1.93 | 1.23 | 0.52 | 3.43 |
VEA Vanguard FTSE Developed Markets ETF | 0.62 | 0.99 | 1.13 | 0.80 | 2.41 |
BNDX Vanguard Total International Bond ETF | 1.64 | 2.38 | 1.29 | 0.69 | 7.43 |
QQQ Invesco QQQ | 0.47 | 0.82 | 1.11 | 0.52 | 1.79 |
Dividends
Dividend yield
Bogleheads Four-fund Portfolio with NASDAC (QQQ) provided a 1.97% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.97% | 2.04% | 1.94% | 1.74% | 1.64% | 1.28% | 1.86% | 2.03% | 1.74% | 1.92% | 1.84% | 2.30% |
| Portfolio components: | ||||||||||||
VTI Vanguard Total Stock Market ETF | 1.39% | 1.27% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% |
BND Vanguard Total Bond Market ETF | 3.69% | 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 | 2.98% | 3.36% | 3.16% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% |
BNDX Vanguard Total International Bond ETF | 4.24% | 4.18% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Bogleheads Four-fund Portfolio with NASDAC (QQQ). 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 Bogleheads Four-fund Portfolio with NASDAC (QQQ) was 32.71%, occurring on Oct 14, 2022. Recovery took 293 trading sessions.
The current Bogleheads Four-fund Portfolio with NASDAC (QQQ) drawdown is 10.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.71% | Nov 22, 2021 | 226 | Oct 14, 2022 | 293 | Dec 14, 2023 | 519 |
| -26.34% | Feb 20, 2020 | 18 | Mar 16, 2020 | 58 | Jun 8, 2020 | 76 |
| -20.23% | Feb 19, 2025 | 35 | Apr 8, 2025 | — | — | — |
| -18.92% | Aug 30, 2018 | 80 | Dec 24, 2018 | 75 | Apr 12, 2019 | 155 |
| -13.38% | Jul 21, 2015 | 143 | Feb 11, 2016 | 115 | Jul 27, 2016 | 258 |
Volatility
Volatility Chart
The current Bogleheads Four-fund Portfolio with NASDAC (QQQ) volatility is 15.00%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 5 assets, with an effective number of assets of 2.74, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| ^GSPC | BNDX | BND | VEA | QQQ | VTI | Portfolio | |
|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | -0.01 | -0.03 | 0.81 | 0.90 | 0.99 | 0.93 |
| BNDX | -0.01 | 1.00 | 0.72 | 0.01 | 0.03 | -0.00 | 0.05 |
| BND | -0.03 | 0.72 | 1.00 | 0.02 | 0.01 | -0.03 | 0.04 |
| VEA | 0.81 | 0.01 | 0.02 | 1.00 | 0.71 | 0.82 | 0.79 |
| QQQ | 0.90 | 0.03 | 0.01 | 0.71 | 1.00 | 0.90 | 0.99 |
| VTI | 0.99 | -0.00 | -0.03 | 0.82 | 0.90 | 1.00 | 0.92 |
| Portfolio | 0.93 | 0.05 | 0.04 | 0.79 | 0.99 | 0.92 | 1.00 |