Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BND Vanguard Total Bond Market ETF | Total Bond Market | 33.34% |
VTI Vanguard Total Stock Market ETF | Large Cap Blend Equities | 33.33% |
VNQ Vanguard Real Estate ETF | REIT | 33.33% |
Benchmark: S&P 500 Index · Rebalance: Every 3 months
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Performance Chart
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 Every 3 months.
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Compare your portfolio against anything
Returns By Period
As of Aug 4, 2026, the Roger Gibson Talmud Portfolio returned 9.55% Year-To-Date and 7.37% of annualized return in the last 10 years.
| Position | 1D | 1M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | ALL TIME* |
|---|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 1.79% | 3.38% | 11.83% | 13.02% | 22.22% | 19.99% | 11.80% | 13.49% | 8.15% |
Portfolio Roger Gibson Talmud Portfolio | 0.71% | 1.21% | 8.53% | 9.55% | 13.61% | 12.05% | 4.96% | 7.37% | 7.07% |
| Portfolio components: | |||||||||
BND Vanguard Total Bond Market ETF | 0.40% | -0.57% | -0.04% | 0.10% | 2.34% | 4.18% | -0.30% | 1.44% | 3.02% |
VNQ Vanguard Real Estate ETF | -0.15% | 0.92% | 12.49% | 13.98% | 14.38% | 10.29% | 2.28% | 4.99% | 7.72% |
VTI Vanguard Total Stock Market ETF | 1.87% | 3.27% | 12.73% | 14.27% | 24.07% | 21.13% | 12.31% | 14.87% | 9.72% |
Monthly Returns
Based on dividend-adjusted daily data since Apr 10, 2007, Roger Gibson Talmud Portfolio's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2009 with a return of +14.4%, while the worst month was Oct 2008 at -17.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Roger Gibson Talmud Portfolio closed higher 55% of trading days. The best single day was Oct 13, 2008 with a return of +7.6%, while the worst single day was Mar 16, 2020 at -8.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.47% | 2.16% | -4.35% | 6.43% | 1.68% | 0.48% | 0.27% | 1.35% | 9.55% | ||||
| 2025 | 1.76% | 1.32% | -2.79% | -0.93% | 2.23% | 2.51% | 0.70% | 2.33% | 1.53% | 0.12% | 1.08% | -0.85% | 9.25% |
| 2024 | -1.36% | 1.98% | 2.06% | -4.91% | 3.64% | 1.96% | 4.08% | 2.99% | 2.22% | -2.19% | 4.03% | -4.35% | 10.03% |
| 2023 | 6.88% | -3.68% | 1.07% | 0.66% | -1.57% | 4.05% | 1.86% | -2.00% | -4.84% | -2.60% | 8.65% | 6.17% | 14.50% |
| 2022 | -5.52% | -2.34% | 2.12% | -5.72% | -1.38% | -5.70% | 6.77% | -4.20% | -8.76% | 3.47% | 5.02% | -3.99% | -19.56% |
| 2021 | -0.39% | 1.69% | 2.59% | 4.58% | 0.48% | 2.04% | 2.44% | 1.61% | -3.76% | 4.61% | -1.14% | 4.43% | 20.56% |
Benchmark Metrics
This portfolio has an annualized alpha of 0.70%, beta of 0.68, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since April 10, 2007.
- This portfolio participated in 73.82% of S&P 500 Index downside but only 68.13% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.68 indicates this portfolio moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.70%
- Beta
- 0.68
- R²
- 0.81
- Upside Capture
- 68.13%
- Downside Capture
- 73.82%
Expense Ratio
Roger Gibson Talmud Portfolio 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.
Return for Risk
Risk / Return Rank
Roger Gibson Talmud Portfolio ranks 57 for risk / return — above 57% of Portfolios peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below presents risk-adjusted performance metrics for Roger Gibson Talmud Portfolio and compares them with S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 1.72 | 1.73 | -0.01 |
| Sortino ratioReturn per unit of downside risk | 2.44 | 2.40 | +0.04 |
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.45 | -0.18 |
| Martin ratioReturn relative to average drawdown | 9.54 | 10.40 | -0.86 |
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 24 | 0.65 | 0.94 | 1.11 | 0.88 | 2.17 |
VNQ Vanguard Real Estate ETF | 40 | 1.05 | 1.54 | 1.19 | 1.73 | 5.60 |
VTI Vanguard Total Stock Market ETF | 72 | 1.85 | 2.55 | 1.33 | 2.71 | 11.68 |
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Dividends
Dividend yield
Roger Gibson Talmud Portfolio provided a 2.85% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.85% | 2.97% | 2.93% | 2.83% | 2.73% | 1.96% | 2.58% | 2.63% | 3.20% | 2.83% | 3.08% | 2.82% |
| Portfolio components: | ||||||||||||
BND Vanguard Total Bond Market ETF | 4.03% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
VNQ Vanguard Real Estate ETF | 3.51% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
VTI Vanguard Total Stock Market ETF | 1.02% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
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.
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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.
The current Roger Gibson Talmud Portfolio drawdown is 0.23%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-44.88%Mar 2009 | 1y 5mo | 1y 7mo | 3y 1dOct 2007 - Oct 2010 | Financial crisis2007–2009 |
-26.60%Mar 2020 | 1mo 1d | 7mo 23d | 8mo 24dFeb 2020 - Nov 2020 | COVID crash2020 |
-24.61%Oct 2022 | 9mo 17d | 1y 10mo | 2y 7moDec 2021 - Aug 2024 | Bear market2022 |
-13.30%Oct 2011 | 2mo 10d | 3mo 22d | 6mo 2dJul 2011 - Jan 2012 | — |
-11.86%Apr 2025 | 4mo 7d | 2mo 26d | 7mo 3dDec 2024 - Jul 2025 | 2025 selloff2025 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
AI Analysis
The gist
The portfolio is a one-third allocation to Vanguard Real Estate ETF (VNQ), Vanguard Total Stock Market ETF (VTI), and Vanguard Total Bond Market ETF (BND): a compact three-sleeve portfolio whose diversification mostly comes from bonds.
The numbers
- Effective asset count is 3.0 of 3, so the weights are genuinely even rather than cosmetically diversified.
- The diversification ratio is 1.28 over one year and 1.17 since inception, around the 33rd–46th percentiles: modest benefit, below the platform’s typical portfolio.
- Mean correlation is 0.19, but the range matters: VNQ–VTI is 0.66, while VTI–BND is -0.13.
The good
- BND has only 0.08 correlation with the portfolio, providing the main independent return pattern.
- The structure is transparent: one broad equity sleeve, one property sleeve, one bond sleeve. There is no hidden single-stock drama.
The bad
- VNQ and VTI form one equity cluster, so the portfolio has three tickers but roughly two moving parts.
- REIT exposure is not a clean escape from equities; property prices, financing conditions, and growth expectations connect it to the same cycle.
The ugly
- An inflationary rate shock could pressure VNQ and BND together, leaving VTI as the remaining equity risk rather than a genuine refuge.
Next steps
- Portfolios with this profile are typically complemented by exposures whose drivers sit outside both the equity and duration cycles.
Diversification Metrics
Number of Effective Assets
The portfolio contains 3 assets, with an effective number of assets of 3.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.
Diversification Ratio
1Y | 3Y | 5Y | 10Y | All Time | |
|---|---|---|---|---|---|
Diversification Ratio | 1.28 | 1.21 | 1.19 | 1.17 | 1.17 |
The portfolio has a diversification ratio of 1.17, placing it in the bottom quartile across portfolios. The holdings provided limited volatility reduction when combined.
Roger Gibson Talmud Portfolio correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | 0.85 |
Benchmark Correlations
Correlation vs. S&P 500 Index. VTI has the highest benchmark correlation at 0.99, while BND has the lowest at -0.13.
Asset Correlations Table
Find what Roger Gibson Talmud Portfolio is missing
See which holdings overlap, where Roger Gibson Talmud Portfolio is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification