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Bob Clyatt Sandwich Portfolio

Last updated Sep 22, 2023

The Bob Clyatt Sandwich Portfolio is a diversified investment strategy that allocates assets across various ETFs, including domestic and international equities, real estate, and fixed income. This portfolio emphasizes safety and income generation with a significant 45% allocation to bonds (IEI and BIL), while equities, both large-cap (VV and VEU) and small-cap (SCZ and IJR), and emerging markets (EEM), provide the potential for capital growth. In addition, including real estate (VNQ) adds diversification and an alternative source of income. This portfolio suits conservative investors seeking a balance between stability, revenue, and modest growth potential.

Asset Allocation


IEI 41%BIL 4%VV 20%SCZ 10%IJR 8%EEM 6%VEU 6%VNQ 5%BondBondEquityEquityReal EstateReal Estate
PositionCategory/SectorWeight
IEI
iShares 3-7 Year Treasury Bond ETF
Government Bonds41%
BIL
SPDR Barclays 1-3 Month T-Bill ETF
Government Bonds4%
VV
Vanguard Large-Cap ETF
Large Cap Growth Equities20%
SCZ
iShares MSCI EAFE Small-Cap ETF
Foreign Small & Mid Cap Equities10%
IJR
iShares Core S&P Small-Cap ETF
Small Cap Growth Equities8%
EEM
iShares MSCI Emerging Markets ETF
Asia Pacific Equities6%
VEU
Vanguard FTSE All-World ex-US ETF
Foreign Large Cap Equities6%
VNQ
Vanguard Real Estate ETF
REIT5%

Performance

The chart shows the growth of an initial investment of $10,000 in Bob Clyatt Sandwich Portfolio, 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 Quarterly


0.00%5.00%10.00%15.00%AprilMayJuneJulyAugustSeptember
1.26%
8.86%
Bob Clyatt Sandwich Portfolio
Benchmark (^GSPC)
Portfolio components

Returns

As of Sep 22, 2023, the Bob Clyatt Sandwich Portfolio returned 3.62% Year-To-Date and 4.80% of annualized return in the last 10 years.


1 month6 monthsYear-To-Date1 year5 years (annualized)10 years (annualized)
Benchmark-1.31%9.66%12.78%14.25%8.15%9.80%
Bob Clyatt Sandwich Portfolio-0.84%1.34%3.62%5.86%3.57%4.80%
VV
Vanguard Large-Cap ETF
-1.05%10.94%14.73%16.22%9.91%11.74%
EEM
iShares MSCI Emerging Markets ETF
-1.02%-1.17%1.10%4.94%-0.37%1.05%
VNQ
Vanguard Real Estate ETF
-2.38%2.72%-3.37%-5.63%2.63%5.60%
IEI
iShares 3-7 Year Treasury Bond ETF
-0.27%-3.44%-0.16%-0.32%0.46%0.77%
SCZ
iShares MSCI EAFE Small-Cap ETF
-0.82%0.52%2.92%12.48%0.67%4.29%
VEU
Vanguard FTSE All-World ex-US ETF
-0.20%2.77%6.60%15.72%2.96%3.67%
IJR
iShares Core S&P Small-Cap ETF
-3.51%2.91%0.68%3.68%2.90%8.14%
BIL
SPDR Barclays 1-3 Month T-Bill ETF
0.46%2.43%3.45%4.41%1.55%0.94%

Asset Correlations Table

The table below shows the correlation coefficients between the assets in the portfolio.

BILIEIVNQEEMSCZIJRVVVEU
BIL1.000.02-0.02-0.02-0.02-0.02-0.02-0.02
IEI0.021.00-0.10-0.24-0.20-0.31-0.30-0.25
VNQ-0.02-0.101.000.530.570.680.690.59
EEM-0.02-0.240.531.000.780.670.760.89
SCZ-0.02-0.200.570.781.000.710.790.91
IJR-0.02-0.310.680.670.711.000.850.75
VV-0.02-0.300.690.760.790.851.000.84
VEU-0.02-0.250.590.890.910.750.841.00

Sharpe Ratio

The current Bob Clyatt Sandwich Portfolio Sharpe ratio is 0.49. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

-1.000.001.002.003.004.000.49

The Sharpe ratio of Bob Clyatt Sandwich Portfolio is in the bottom 25%, suggesting that this portfolio isn't performing as well in terms of risk-adjusted returns compared to many others. This could be due to lower returns, higher volatility, or both. It might be an indication that the portfolio needs fine-tuning.


Rolling 12-month Sharpe Ratio-0.500.000.501.00AprilMayJuneJulyAugustSeptember
0.49
0.70
Bob Clyatt Sandwich Portfolio
Benchmark (^GSPC)
Portfolio components

Dividend yield

Bob Clyatt Sandwich Portfolio granted a 2.28% dividend yield in the last twelve months.


TTM20222021202020192018201720162015201420132012
Bob Clyatt Sandwich Portfolio2.28%1.82%1.44%1.48%2.41%2.48%2.04%2.14%2.13%2.11%1.86%2.14%
VV
Vanguard Large-Cap ETF
1.88%1.68%1.22%1.52%1.92%2.25%1.93%2.22%2.25%2.07%2.09%2.57%
EEM
iShares MSCI Emerging Markets ETF
2.35%2.52%2.06%1.53%2.95%2.45%2.11%2.15%2.89%2.65%2.49%2.08%
VNQ
Vanguard Real Estate ETF
4.84%4.00%2.71%4.28%3.85%5.57%5.21%6.19%5.28%5.05%6.30%5.41%
IEI
iShares 3-7 Year Treasury Bond ETF
2.11%1.39%0.75%1.16%2.11%2.09%1.65%1.47%1.56%1.40%0.89%1.01%
SCZ
iShares MSCI EAFE Small-Cap ETF
1.75%2.03%3.06%1.62%3.81%3.14%2.75%3.34%2.50%3.25%3.05%4.27%
VEU
Vanguard FTSE All-World ex-US ETF
3.13%3.18%3.23%2.16%3.44%3.74%3.14%3.60%3.70%4.53%3.54%4.02%
IJR
iShares Core S&P Small-Cap ETF
1.64%1.42%1.56%1.16%1.52%1.69%1.30%1.33%1.65%1.39%1.15%1.91%
BIL
SPDR Barclays 1-3 Month T-Bill ETF
4.09%1.39%0.00%0.31%2.15%1.78%0.74%0.07%0.00%0.00%0.00%0.00%

Expense Ratio

The Bob Clyatt Sandwich Portfolio features an expense ratio of 0.17%, falling within the medium range. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


0.68%
0.00%2.15%
0.40%
0.00%2.15%
0.15%
0.00%2.15%
0.14%
0.00%2.15%
0.12%
0.00%2.15%
0.07%
0.00%2.15%
0.04%
0.00%2.15%

Risk-Adjusted Performance

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
VV
Vanguard Large-Cap ETF
0.80
EEM
iShares MSCI Emerging Markets ETF
0.17
VNQ
Vanguard Real Estate ETF
-0.32
IEI
iShares 3-7 Year Treasury Bond ETF
-0.04
SCZ
iShares MSCI EAFE Small-Cap ETF
0.63
VEU
Vanguard FTSE All-World ex-US ETF
0.85
IJR
iShares Core S&P Small-Cap ETF
0.11
BIL
SPDR Barclays 1-3 Month T-Bill ETF
14.94

Drawdowns Chart

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


-18.00%-16.00%-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%AprilMayJuneJulyAugustSeptember
-12.06%
-9.73%
Bob Clyatt Sandwich Portfolio
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below shows the maximum drawdowns of the Bob Clyatt Sandwich 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 Bob Clyatt Sandwich Portfolio is 32.62%, recorded on Mar 9, 2009. It took 274 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-32.62%May 20, 2008202Mar 9, 2009274Apr 9, 2010476
-20.47%Nov 8, 2021236Oct 14, 2022
-18.13%Feb 13, 202027Mar 23, 202053Jun 8, 202080
-11.3%Jul 8, 201161Oct 3, 201183Feb 1, 2012144
-9.81%Jan 29, 2018229Dec 24, 201859Mar 21, 2019288

Volatility Chart

The current Bob Clyatt Sandwich Portfolio volatility is 2.15%, 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.


1.00%2.00%3.00%4.00%5.00%AprilMayJuneJulyAugustSeptember
2.15%
3.66%
Bob Clyatt Sandwich Portfolio
Benchmark (^GSPC)
Portfolio components