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Ray Dalio All Weather Portfolio

Last updated Apr 1, 2023

The All-Weather portfolio is an investment strategy developed by Ray Dalio, the founder of Bridgewater Associates, a prominent hedge fund. It is designed to be a globally diversified portfolio that can perform well in various market conditions, hence the name "All Weather." The portfolio is intended to be relatively simple and easy to implement, with a mix of stocks, bonds, commodities, and currencies.

The core of the All Weather portfolio is a combination of 30% stocks, 40% long-term bonds, 15% intermediate-term bonds, and 15% commodities. The specific investments within each category can vary, but the overall allocation is meant to be relatively stable over time, which could be achieved through regular rebalancing.

One of the fundamental principles behind the All Weather portfolio is the idea of "risk parity," which seeks to balance risk across different asset classes rather than maximizing returns from any particular asset. The goal is to create a portfolio that can weather market volatility and produce consistent returns over the long term.

Expense Ratio

Rank 46 of 55

Dividend Yield

Rank 36 of 55

10Y Annualized Return

Rank 46 of 55

Sharpe Ratio

Rank 53 of 55

Maximum Drawdown

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Asset Allocation


The chart shows the growth of $10,000 invested in Ray Dalio All Weather Portfolio in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $29,282 for a total return of roughly 192.82%. All prices are adjusted for splits and dividends. The portfolio is rebalanced Quarterly

Ray Dalio All Weather Portfolio
Benchmark (^GSPC)
Portfolio components


As of Apr 1, 2023, the Ray Dalio All Weather Portfolio returned 6.02% Year-To-Date and 4.90% of annualized return in the last 10 years.

1 monthYear-To-Date6 months1 year5 years (annualized)10 years (annualized)
Ray Dalio All Weather Portfolio3.90%6.02%7.42%-11.28%5.09%4.90%
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Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Ray Dalio All Weather Portfolio Sharpe ratio is -0.82. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.

Ray Dalio All Weather Portfolio
Benchmark (^GSPC)
Portfolio components


Ray Dalio All Weather Portfolio granted a 2.14% dividend yield in the last twelve months.


Dividend yield


Drawdowns Chart

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

Ray Dalio All Weather Portfolio
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below shows the maximum drawdowns of the Ray Dalio All Weather 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 Ray Dalio All Weather Portfolio is 24.28%, recorded on Oct 20, 2022. The portfolio has not recovered from it yet.



To Bottom


To Recover



-24.28%Nov 10, 2021238Oct 20, 2022
-15.56%May 21, 2008123Nov 12, 2008226Oct 7, 2009349
-13.99%Mar 9, 20208Mar 18, 202029Apr 29, 202037
-8.23%Feb 3, 2015237Jan 11, 201684May 11, 2016321
-7.37%May 3, 201337Jun 25, 2013170Feb 27, 2014207
-7.29%Jul 11, 2016102Dec 1, 2016168Aug 3, 2017270
-5.71%Aug 28, 201882Dec 24, 201833Feb 12, 2019115
-5.3%Jan 29, 20189Feb 8, 2018137Aug 24, 2018146
-5.16%Sep 3, 202041Oct 30, 202031Dec 15, 202072
-5.02%Feb 11, 202125Mar 18, 202135May 7, 202160

Volatility Chart

Current Ray Dalio All Weather Portfolio volatility is 11.26%. 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.

Ray Dalio All Weather Portfolio
Benchmark (^GSPC)
Portfolio components