40/45/15
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
DFSVX DFA U.S. Small Cap Value Portfolio I | Small Cap Value Equities | 15% |
GLD SPDR Gold Trust | Precious Metals, Gold | 15% |
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | Inflation-Protected Bonds | 45% |
VTSMX Vanguard Total Stock Market Index Fund Investor Shares | Large Cap Blend Equities | 25% |
Performance
Performance Chart
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The earliest data available for this chart is Nov 18, 2004, corresponding to the inception date of GLD
Returns By Period
As of May 11, 2025, the 40/45/15 returned 2.99% Year-To-Date and 7.12% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -3.77% | 7.44% | -5.60% | 8.37% | 14.12% | 10.46% |
| 40/45/15 | 2.99% | 4.90% | 0.47% | 10.02% | 9.73% | 7.12% |
| Portfolio components: | ||||||
VTSMX Vanguard Total Stock Market Index Fund Investor Shares | -3.74% | 8.02% | -5.68% | 9.05% | 15.15% | 11.65% |
DFSVX DFA U.S. Small Cap Value Portfolio I | -9.15% | 10.97% | -14.57% | -4.16% | 19.24% | 7.36% |
GLD SPDR Gold Trust | 26.73% | 4.96% | 23.75% | 40.30% | 14.04% | 10.19% |
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 3.21% | 1.37% | 1.69% | 5.69% | 1.49% | 2.21% |
Monthly Returns
The table below presents the monthly returns of 40/45/15, 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 | 2.78% | 0.00% | -0.50% | -0.10% | 0.81% | 2.99% | |||||||
| 2024 | -0.24% | 1.31% | 3.21% | -2.26% | 3.02% | 0.73% | 3.61% | 0.84% | 1.93% | -0.60% | 2.90% | -2.96% | 11.85% |
| 2023 | 4.84% | -2.21% | 2.01% | 0.15% | -1.17% | 2.72% | 2.30% | -1.53% | -3.42% | -0.60% | 5.11% | 4.40% | 12.81% |
| 2022 | -3.03% | 0.95% | 0.33% | -4.38% | -0.43% | -5.28% | 5.27% | -2.89% | -7.22% | 4.52% | 4.19% | -2.64% | -10.93% |
| 2021 | 0.46% | 1.02% | 1.92% | 2.77% | 2.40% | -0.63% | 1.64% | 0.96% | -2.08% | 2.96% | -0.41% | 2.37% | 14.07% |
| 2020 | 0.58% | -3.20% | -7.26% | 7.91% | 2.46% | 1.85% | 4.55% | 3.04% | -2.52% | -0.34% | 5.55% | 4.04% | 16.85% |
| 2019 | 5.04% | 1.28% | 0.32% | 1.64% | -2.41% | 4.40% | 0.52% | 0.47% | 0.23% | 1.11% | 1.06% | 2.04% | 16.66% |
| 2018 | 1.62% | -2.38% | 0.15% | 0.12% | 1.59% | -0.06% | 0.53% | 1.28% | -0.95% | -3.58% | 0.86% | -3.02% | -3.96% |
| 2017 | 1.66% | 1.64% | -0.21% | 0.80% | -0.29% | -0.15% | 1.17% | 0.70% | 0.91% | 0.68% | 1.18% | 0.98% | 9.42% |
| 2016 | -0.96% | 2.40% | 3.54% | 1.26% | -0.74% | 2.22% | 2.32% | -0.34% | 0.64% | -1.70% | 1.17% | 0.20% | 10.33% |
| 2015 | 1.27% | 0.61% | -0.51% | 0.18% | 0.16% | -1.06% | -0.92% | -2.03% | -1.83% | 3.22% | -0.42% | -1.98% | -3.37% |
| 2014 | -0.07% | 3.04% | -0.40% | 0.41% | 1.09% | 2.38% | -1.91% | 2.18% | -3.62% | 1.25% | 0.63% | 0.09% | 5.00% |
Expense Ratio
40/45/15 has an expense ratio of 0.23%, 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
With an overall rank of 84, 40/45/15 is among the top 16% of portfolios on our website when it comes to balancing risk and reward. Below is 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 | |
|---|---|---|---|---|---|
VTSMX Vanguard Total Stock Market Index Fund Investor Shares | 0.47 | 0.82 | 1.12 | 0.50 | 1.92 |
DFSVX DFA U.S. Small Cap Value Portfolio I | -0.18 | -0.01 | 1.00 | -0.11 | -0.31 |
GLD SPDR Gold Trust | 2.39 | 3.30 | 1.42 | 5.33 | 14.20 |
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 1.18 | 1.73 | 1.22 | 0.57 | 3.50 |
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Dividends
Dividend yield
40/45/15 provided a 2.39% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.39% | 2.34% | 2.78% | 5.15% | 4.10% | 1.21% | 1.84% | 2.98% | 2.29% | 2.06% | 1.68% | 2.05% |
| Portfolio components: | ||||||||||||
VTSMX Vanguard Total Stock Market Index Fund Investor Shares | 1.24% | 1.17% | 1.34% | 1.54% | 1.11% | 1.33% | 1.67% | 1.92% | 1.61% | 1.83% | 1.86% | 1.65% |
DFSVX DFA U.S. Small Cap Value Portfolio I | 1.67% | 1.47% | 3.67% | 6.77% | 10.40% | 1.96% | 2.83% | 7.54% | 5.62% | 4.53% | 5.83% | 4.53% |
GLD SPDR 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% |
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 4.07% | 4.07% | 4.20% | 8.34% | 5.02% | 1.29% | 2.22% | 3.03% | 2.32% | 2.05% | 0.76% | 2.13% |
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 40/45/15. 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 40/45/15 was 28.54%, occurring on Nov 20, 2008. Recovery took 259 trading sessions.
The current 40/45/15 drawdown is 0.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.54% | May 21, 2008 | 129 | Nov 20, 2008 | 259 | Dec 2, 2009 | 388 |
| -18.28% | Feb 21, 2020 | 19 | Mar 18, 2020 | 55 | Jun 5, 2020 | 74 |
| -16.68% | Nov 15, 2021 | 221 | Sep 30, 2022 | 311 | Dec 27, 2023 | 532 |
| -9.2% | Apr 16, 2015 | 192 | Jan 19, 2016 | 95 | Jun 3, 2016 | 287 |
| -9.02% | Aug 28, 2018 | 82 | Dec 24, 2018 | 59 | Mar 21, 2019 | 141 |
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 4 assets, with an effective number of assets of 3.23, 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 | GLD | VIPSX | DFSVX | VTSMX | Portfolio | |
|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.06 | -0.13 | 0.83 | 0.99 | 0.81 |
| GLD | 0.06 | 1.00 | 0.28 | 0.06 | 0.07 | 0.43 |
| VIPSX | -0.13 | 0.28 | 1.00 | -0.15 | -0.12 | 0.24 |
| DFSVX | 0.83 | 0.06 | -0.15 | 1.00 | 0.86 | 0.81 |
| VTSMX | 0.99 | 0.07 | -0.12 | 0.86 | 1.00 | 0.83 |
| Portfolio | 0.81 | 0.43 | 0.24 | 0.81 | 0.83 | 1.00 |