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Roger Gibson Five Asset Portfolio

Last updated Dec 3, 2022

This is a lazy portfolio introduced by Roger Gibson, a chief investment officer of Gibson Capital, in his famous book Asset Allocation: Balancing Financial Risks. The portfolio follows a simple yet diversified asset allocation strategy. It consists of five equally weighted asset classes: US stocks, international stocks, real estate, commodity, and bonds. Bonds are further divided into 70% US and 30% international.

Expense Ratio

Rank 50 of 54

Dividend Yield

Rank 20 of 54

10Y Annualized Return

Rank 49 of 54

Sharpe Ratio

Rank 20 of 54

Maximum Drawdown

Rank 25 of 54


Roger Gibson Five Asset PortfolioAsset Allocation

Roger Gibson Five Asset PortfolioPerformance

The chart shows the growth of $10,000 invested in Roger Gibson Five Asset Portfolio in Jun 2013 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $16,392 for a total return of roughly 63.92%. All prices are adjusted for splits and dividends. The portfolio is rebalanced Quarterly

Roger Gibson Five Asset Portfolio
Benchmark (^GSPC)
Portfolio components

Roger Gibson Five Asset PortfolioReturns

As of Dec 3, 2022, the Roger Gibson Five Asset Portfolio returned -12.90% Year-To-Date and 5.49% of annualized return in the last 10 years.

Roger Gibson Five Asset Portfolio5.23%-6.68%-8.16%-3.05%6.07%5.34%
Vanguard Total International Stock ETF
Vanguard Total International Bond ETF
Vanguard Total Stock Market ETF
Vanguard Real Estate ETF
Vanguard Total Bond Market ETF
Invesco DB Commodity Index Tracking Fund

Roger Gibson Five Asset PortfolioSharpe 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 Roger Gibson Five Asset Portfolio Sharpe ratio is -0.52. 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.

Roger Gibson Five Asset Portfolio
Benchmark (^GSPC)
Portfolio components

Roger Gibson Five Asset PortfolioDividends

Roger Gibson Five Asset Portfolio granted a 2.33% dividend yield in the last twelve months.


Dividend yield


Roger Gibson Five Asset PortfolioDrawdowns Chart

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

Roger Gibson Five Asset Portfolio
Benchmark (^GSPC)
Portfolio components

Roger Gibson Five Asset PortfolioWorst Drawdowns

The table below shows the maximum drawdowns of the Roger Gibson Five Asset 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 Roger Gibson Five Asset Portfolio is 27.82%, recorded on Mar 23, 2020. It took 166 trading sessions for the portfolio to recover.



To Bottom


To Recover



-27.82%Jan 21, 202044Mar 23, 2020166Nov 16, 2020210
-18.31%Apr 5, 2022134Oct 14, 2022
-17.45%Jul 2, 2014407Feb 11, 2016251Feb 9, 2017658
-12.61%Aug 30, 201880Dec 24, 201859Mar 21, 2019139
-7.04%Jan 29, 20189Feb 8, 2018138Aug 27, 2018147
-5.23%Nov 10, 202115Dec 1, 202117Dec 27, 202132
-4.78%Jun 19, 20134Jun 24, 201312Jul 11, 201316
-4.68%Jan 5, 202216Jan 27, 202237Mar 22, 202253
-3.86%Jul 11, 201918Aug 5, 201929Sep 16, 201947
-3.5%Apr 15, 201933May 31, 201913Jun 19, 201946

Roger Gibson Five Asset PortfolioVolatility Chart

Current Roger Gibson Five Asset Portfolio volatility is 6.80%. 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.

Roger Gibson Five Asset Portfolio
Benchmark (^GSPC)
Portfolio components