Bill Bernstein No Brainer
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | Total Bond Market | 25% |
VEUSX Vanguard European Stock Index Fund Admiral Shares | Europe Equities | 25% |
VFIAX Vanguard 500 Index Fund Admiral Shares | Large Cap Blend Equities | 25% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | Small Cap Blend Equities | 25% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Bill Bernstein No Brainer, 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 Nov 12, 2001, corresponding to the inception date of VBTLX
Returns By Period
As of Apr 19, 2025, the Bill Bernstein No Brainer returned -2.97% Year-To-Date and 6.75% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.18% | -6.71% | -9.92% | 6.35% | 13.40% | 9.65% |
| Bill Bernstein No Brainer | -6.94% | -6.08% | -8.31% | 5.18% | 11.64% | 7.25% |
| Portfolio components: | ||||||
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 1.82% | -0.71% | 0.25% | 6.48% | -0.99% | 1.33% |
VEUSX Vanguard European Stock Index Fund Admiral Shares | 10.17% | -3.60% | 1.83% | 11.58% | 12.70% | 5.52% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | -13.45% | -8.09% | -13.88% | -0.53% | 12.61% | 6.94% |
VFIAX Vanguard 500 Index Fund Admiral Shares | -9.84% | -6.64% | -9.34% | 7.74% | 15.11% | 11.59% |
Monthly Returns
The table below presents the monthly returns of Bill Bernstein No Brainer, 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 | 3.59% | -1.47% | -4.37% | -4.65% | -6.94% | ||||||||
| 2024 | -0.74% | 4.32% | 3.56% | -4.60% | 4.57% | 0.18% | 3.71% | 1.67% | 1.67% | -1.81% | 5.91% | -4.35% | 14.27% |
| 2023 | 8.02% | -2.24% | 0.40% | 0.90% | -1.76% | 6.24% | 3.50% | -2.79% | -4.79% | -3.66% | 8.80% | 6.80% | 19.72% |
| 2022 | -5.71% | -1.60% | 1.36% | -7.52% | 0.48% | -8.36% | 8.23% | -3.93% | -8.90% | 7.76% | 6.32% | -4.56% | -17.06% |
| 2021 | 0.18% | 3.61% | 2.33% | 4.22% | 1.11% | 1.03% | 0.62% | 2.02% | -3.77% | 4.98% | -2.84% | 3.80% | 18.26% |
| 2020 | -1.08% | -7.01% | -15.13% | 10.47% | 5.33% | 2.31% | 4.25% | 4.31% | -2.76% | -1.19% | 12.52% | 5.05% | 14.80% |
| 2019 | 8.13% | 3.36% | 0.57% | 3.29% | -5.47% | 6.07% | 0.36% | -1.96% | 1.47% | 1.99% | 2.89% | 2.52% | 25.05% |
| 2018 | 3.65% | -4.03% | -0.24% | 0.61% | 2.06% | 0.23% | 2.40% | 2.13% | -0.52% | -7.58% | 1.30% | -7.52% | -8.00% |
| 2017 | 1.73% | 2.16% | 0.78% | 1.58% | 1.07% | 0.82% | 1.67% | -0.13% | 2.81% | 1.29% | 1.97% | 0.82% | 17.85% |
| 2016 | -5.07% | -0.22% | 6.28% | 1.42% | 1.02% | -0.49% | 3.71% | 0.40% | 0.27% | -2.84% | 3.19% | 2.21% | 9.82% |
| 2015 | -1.04% | 4.70% | -0.44% | 0.51% | 1.01% | -1.70% | 1.10% | -5.30% | -3.05% | 5.45% | 0.40% | -2.55% | -1.40% |
| 2014 | -2.28% | 4.72% | -0.13% | 0.10% | 1.31% | 2.24% | -3.18% | 3.04% | -3.35% | 1.79% | 1.62% | -0.69% | 4.96% |
Expense Ratio
Bill Bernstein No Brainer has an expense ratio of 0.06%, 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 Bill Bernstein No Brainer is 54, 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 | |
|---|---|---|---|---|---|
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 1.29 | 1.94 | 1.23 | 0.50 | 3.33 |
VEUSX Vanguard European Stock Index Fund Admiral Shares | 0.71 | 1.06 | 1.14 | 0.85 | 2.34 |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | -0.05 | 0.08 | 1.01 | -0.05 | -0.17 |
VFIAX Vanguard 500 Index Fund Admiral Shares | 0.31 | 0.57 | 1.08 | 0.32 | 1.42 |
Dividends
Dividend yield
Bill Bernstein No Brainer provided a 2.49% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.49% | 2.45% | 2.31% | 2.24% | 1.85% | 1.75% | 2.32% | 2.61% | 2.09% | 2.38% | 2.33% | 2.61% |
| Portfolio components: | ||||||||||||
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.74% | 3.69% | 3.11% | 2.51% | 1.90% | 2.23% | 2.74% | 2.78% | 2.51% | 2.49% | 2.48% | 2.55% |
VEUSX Vanguard European Stock Index Fund Admiral Shares | 3.16% | 3.58% | 3.13% | 3.23% | 3.02% | 2.08% | 3.26% | 3.92% | 2.70% | 3.52% | 3.24% | 4.62% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.63% | 1.30% | 1.55% | 1.54% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.49% | 1.48% | 1.43% |
VFIAX Vanguard 500 Index Fund Admiral Shares | 1.43% | 1.24% | 1.45% | 1.68% | 1.24% | 1.53% | 1.87% | 2.05% | 1.78% | 2.02% | 2.10% | 1.85% |
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 Bill Bernstein No Brainer. 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 Bill Bernstein No Brainer was 48.87%, occurring on Mar 9, 2009. Recovery took 538 trading sessions.
The current Bill Bernstein No Brainer drawdown is 7.57%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.87% | Nov 1, 2007 | 339 | Mar 9, 2009 | 538 | Apr 26, 2011 | 877 |
| -33.09% | Feb 20, 2020 | 23 | Mar 23, 2020 | 114 | Sep 2, 2020 | 137 |
| -25.55% | Nov 9, 2021 | 225 | Sep 30, 2022 | 349 | Feb 22, 2024 | 574 |
| -24.2% | Apr 17, 2002 | 123 | Oct 9, 2002 | 254 | Oct 13, 2003 | 377 |
| -20.16% | May 2, 2011 | 108 | Oct 3, 2011 | 235 | Sep 7, 2012 | 343 |
Volatility
Volatility Chart
The current Bill Bernstein No Brainer volatility is 11.61%, 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
Asset Correlations Table
| VBTLX | VEUSX | VSMAX | VFIAX | |
|---|---|---|---|---|
| VBTLX | 1.00 | -0.14 | -0.20 | -0.21 |
| VEUSX | -0.14 | 1.00 | 0.68 | 0.72 |
| VSMAX | -0.20 | 0.68 | 1.00 | 0.89 |
| VFIAX | -0.21 | 0.72 | 0.89 | 1.00 |