Roger Gibson Talmud Portfolio
Talmud Portfolio is a three-fund portfolio of stocks, REITs, and bonds. It was created in 1989 by Roger Gibson, a financial advisor and author of Asset Allocation: Balancing Financial Risk.
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
BND Vanguard Total Bond Market ETF | Total Bond Market | 33.34% |
VTI Vanguard Total Stock Market ETF | Large Cap Growth Equities | 33.33% |
VNQ Vanguard Real Estate ETF | REIT | 33.33% |
Performance
The chart shows the growth of an initial investment of $10,000 in Roger Gibson Talmud 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
The earliest data available for this chart is Apr 10, 2007, corresponding to the inception date of BND
Returns
As of Nov 28, 2023, the Roger Gibson Talmud Portfolio returned 6.74% Year-To-Date and 6.51% of annualized return in the last 10 years.
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC | N/A | N/A | N/A | N/A | N/A | N/A |
| Roger Gibson Talmud Portfolio | 6.74% | 8.90% | 3.97% | 3.43% | 5.71% | 6.51% |
| Portfolio components: | ||||||
VNQ Vanguard Real Estate ETF | 0.10% | 12.35% | 3.08% | -3.81% | 3.48% | 6.22% |
VTI Vanguard Total Stock Market ETF | 19.09% | 10.82% | 8.84% | 13.52% | 11.75% | 11.13% |
BND Vanguard Total Bond Market ETF | 1.40% | 3.62% | -0.23% | 0.86% | 0.61% | 1.26% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.66% | -1.57% | 4.05% | 1.86% | -2.00% | -4.84% | -2.59% |
Dividend yield
Roger Gibson Talmud Portfolio granted a 3.02% dividend yield in the last twelve months.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Roger Gibson Talmud Portfolio | 3.02% | 2.73% | 1.91% | 2.52% | 2.63% | 3.20% | 2.83% | 3.08% | 2.82% | 2.72% | 2.95% | 2.98% |
| Portfolio components: | ||||||||||||
VNQ Vanguard Real Estate ETF | 4.48% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% | 3.56% |
VTI Vanguard Total Stock Market ETF | 1.48% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% | 2.13% |
BND Vanguard Total Bond Market ETF | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% | 3.24% |
Expense Ratio
The Roger Gibson Talmud Portfolio has an expense ratio of 0.06% which is considered to be low. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | -0.16 | ||||
VTI Vanguard Total Stock Market ETF | 0.93 | ||||
BND Vanguard Total Bond Market ETF | 0.12 |
Asset Correlations Table
| BND | VNQ | VTI | |
|---|---|---|---|
| BND | 1.00 | -0.01 | -0.19 |
| VNQ | -0.01 | 1.00 | 0.70 |
| VTI | -0.19 | 0.70 | 1.00 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Roger Gibson Talmud Portfolio. 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 Roger Gibson Talmud Portfolio was 44.88%, occurring on Mar 6, 2009. Recovery took 402 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.88% | Oct 8, 2007 | 356 | Mar 6, 2009 | 402 | Oct 8, 2010 | 758 |
| -26.6% | Feb 21, 2020 | 22 | Mar 23, 2020 | 163 | Nov 11, 2020 | 185 |
| -24.61% | Dec 31, 2021 | 199 | Oct 14, 2022 | — | — | — |
| -13.3% | Jul 25, 2011 | 50 | Oct 3, 2011 | 76 | Jan 23, 2012 | 126 |
| -10.53% | Aug 30, 2018 | 80 | Dec 24, 2018 | 34 | Feb 13, 2019 | 114 |
Volatility Chart
The current Roger Gibson Talmud Portfolio volatility is 4.12%, 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.