Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Vanguard Recommendation 60/40 (2025), 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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The earliest data available for this chart is Jun 4, 2013, corresponding to the inception date of VTIBX
Returns By Period
As of Apr 9, 2026, the Vanguard Recommendation 60/40 (2025) returned 0.11% Year-To-Date and 7.81% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 2.51% | -0.19% | -0.92% | 0.43% | 36.13% | 18.22% | 10.44% | 12.72% |
Portfolio Vanguard Recommendation 60/40 (2025) | 0.05% | -1.49% | 0.11% | 1.67% | 23.17% | 11.19% | 5.46% | 7.81% |
| Portfolio components: | ||||||||
VTSMX Vanguard Total Stock Market Index Fund Investor Shares | 0.07% | -2.36% | -2.64% | -1.35% | 35.07% | 18.22% | 10.16% | 13.71% |
VGTSX Vanguard Total International Stock Index Fund Investor Shares | 0.12% | -1.11% | 3.29% | 6.44% | 43.84% | 15.70% | 7.21% | 8.94% |
VBISX Vanguard Short-Term Bond Index Fund | 0.10% | -0.68% | -0.24% | 0.83% | 3.56% | 3.67% | 1.37% | 1.75% |
VBIIX Vanguard Intermediate-Term Bond Index Fund | 0.19% | -1.32% | -0.48% | 0.53% | 5.36% | 3.22% | 0.21% | 1.81% |
VTIBX Vanguard Total International Bond Index Fund | -0.21% | -1.24% | -0.82% | -0.46% | 1.73% | 3.55% | 0.03% | 1.62% |
VIVAX Vanguard Value Index Fund | -0.13% | -0.92% | 3.98% | 6.71% | 31.06% | 14.75% | 10.63% | 11.82% |
VUSTX Vanguard Long-Term Treasury Fund Investor Shares | 0.00% | -2.34% | 0.07% | -0.23% | 3.38% | -2.15% | -4.93% | -0.96% |
Monthly Returns
Based on dividend-adjusted daily data since Jun 5, 2013, Vanguard Recommendation 60/40 (2025)'s average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, your investment would double in approximately 9.5 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2020 with a return of +7.8%, while the worst month was Mar 2020 at -8.5%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Vanguard Recommendation 60/40 (2025) closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +4.2%, while the worst single day was Mar 12, 2020 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.16% | 2.11% | -4.83% | 0.84% | 0.11% | ||||||||
| 2025 | 2.09% | 0.65% | -2.01% | 0.64% | 2.91% | 3.19% | 0.38% | 2.20% | 2.42% | 1.28% | 0.48% | 0.52% | 15.67% |
| 2024 | -0.27% | 2.10% | 2.37% | -3.00% | 3.05% | 1.09% | 2.43% | 1.87% | 1.79% | -2.26% | 2.74% | -2.53% | 9.51% |
| 2023 | 5.49% | -2.83% | 2.52% | 1.02% | -1.31% | 3.30% | 2.11% | -2.01% | -3.40% | -2.34% | 6.87% | 4.69% | 14.32% |
| 2022 | -3.30% | -1.95% | -0.16% | -5.87% | 0.34% | -5.49% | 4.96% | -3.49% | -7.18% | 3.54% | 6.43% | -3.09% | -15.15% |
| 2021 | -0.55% | 1.00% | 1.38% | 2.70% | 1.16% | 0.93% | 0.86% | 1.29% | -2.88% | 2.88% | -1.39% | 2.29% | 9.94% |
Benchmark Metrics
Vanguard Recommendation 60/40 (2025) has an annualized alpha of 1.08%, beta of 0.51, and R² of 0.89 versus S&P 500 Index. Calculated based on daily prices since June 05, 2013.
- This portfolio participated in 64.19% of S&P 500 Index downside but only 56.62% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.51 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
- 1.08%
- Beta
- 0.51
- R²
- 0.89
- Upside Capture
- 56.62%
- Downside Capture
- 64.19%
Expense Ratio
Vanguard Recommendation 60/40 (2025) has an expense ratio of 0.15%, 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
Vanguard Recommendation 60/40 (2025) ranks 45 for risk / return — on par with similar portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.48 | 2.19 | +0.30 |
Sortino ratioReturn per unit of downside risk | 3.80 | 3.49 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.48 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.55 | 3.70 | -1.15 |
Martin ratioReturn relative to average drawdown | 11.29 | 16.45 | -5.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
VTSMX Vanguard Total Stock Market Index Fund Investor Shares | 71 | 1.96 | 3.13 | 1.42 | 2.76 | 12.26 |
VGTSX Vanguard Total International Stock Index Fund Investor Shares | 89 | 3.04 | 4.17 | 1.58 | 2.77 | 11.27 |
VBISX Vanguard Short-Term Bond Index Fund | 43 | 1.54 | 2.51 | 1.31 | 2.05 | 6.98 |
VBIIX Vanguard Intermediate-Term Bond Index Fund | 22 | 1.12 | 1.65 | 1.19 | 1.14 | 3.61 |
VTIBX Vanguard Total International Bond Index Fund | 8 | 0.50 | 0.70 | 1.09 | 0.55 | 2.10 |
VIVAX Vanguard Value Index Fund | 81 | 2.28 | 3.57 | 1.45 | 3.26 | 12.20 |
VUSTX Vanguard Long-Term Treasury Fund Investor Shares | 3 | 0.15 | 0.27 | 1.03 | -0.07 | -0.15 |
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Dividends
Dividend yield
Vanguard Recommendation 60/40 (2025) provided a 2.67% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.67% | 2.59% | 2.70% | 2.54% | 2.08% | 2.32% | 2.31% | 2.46% | 2.52% | 2.15% | 2.40% | 2.39% |
| Portfolio components: | ||||||||||||
VTSMX Vanguard Total Stock Market Index Fund Investor Shares | 1.07% | 0.75% | 0.89% | 1.33% | 1.54% | 1.11% | 1.33% | 1.67% | 1.92% | 1.61% | 1.83% | 1.86% |
VGTSX Vanguard Total International Stock Index Fund Investor Shares | 2.83% | 3.08% | 3.26% | 3.16% | 2.98% | 2.99% | 2.05% | 2.98% | 3.09% | 2.68% | 2.86% | 2.77% |
VBISX Vanguard Short-Term Bond Index Fund | 3.51% | 3.44% | 3.29% | 2.10% | 1.38% | 1.16% | 1.72% | 2.16% | 1.92% | 1.58% | 1.42% | 1.34% |
VBIIX Vanguard Intermediate-Term Bond Index Fund | 3.69% | 3.61% | 3.71% | 2.72% | 2.30% | 2.99% | 2.85% | 2.66% | 2.78% | 2.66% | 2.98% | 3.02% |
VTIBX Vanguard Total International Bond Index Fund | 4.20% | 4.33% | 4.31% | 4.37% | 1.41% | 3.68% | 1.06% | 3.36% | 2.98% | 2.21% | 1.76% | 1.61% |
VIVAX Vanguard Value Index Fund | 1.89% | 1.42% | 2.19% | 2.33% | 2.39% | 2.02% | 2.43% | 2.39% | 2.59% | 2.18% | 2.33% | 2.46% |
VUSTX Vanguard Long-Term Treasury Fund Investor Shares | 4.38% | 4.29% | 4.03% | 3.33% | 2.93% | 4.21% | 10.38% | 2.82% | 2.82% | 2.64% | 5.27% | 5.52% |
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 Vanguard Recommendation 60/40 (2025). 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 Vanguard Recommendation 60/40 (2025) was 21.52%, occurring on Oct 14, 2022. Recovery took 359 trading sessions.
The current Vanguard Recommendation 60/40 (2025) drawdown is 4.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.52% | Nov 10, 2021 | 234 | Oct 14, 2022 | 359 | Mar 21, 2024 | 593 |
| -20.37% | Feb 20, 2020 | 23 | Mar 23, 2020 | 82 | Jul 20, 2020 | 105 |
| -11.08% | Jan 29, 2018 | 229 | Dec 24, 2018 | 68 | Apr 3, 2019 | 297 |
| -10.08% | Apr 27, 2015 | 202 | Feb 11, 2016 | 103 | Jul 11, 2016 | 305 |
| -9.14% | Feb 19, 2025 | 35 | Apr 8, 2025 | 26 | May 15, 2025 | 61 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 7 assets, with an effective number of assets of 5.17, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.
Asset Correlations Table
| Benchmark | VTIBX | VBISX | VBIIX | VUSTX | VGTSX | VIVAX | VTSMX | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.02 | -0.09 | -0.10 | -0.16 | 0.79 | 0.88 | 0.99 | 0.93 |
| VTIBX | -0.02 | 1.00 | 0.55 | 0.70 | 0.71 | 0.00 | -0.05 | -0.02 | 0.15 |
| VBISX | -0.09 | 0.55 | 1.00 | 0.85 | 0.67 | -0.02 | -0.10 | -0.09 | 0.10 |
| VBIIX | -0.10 | 0.70 | 0.85 | 1.00 | 0.88 | -0.03 | -0.13 | -0.10 | 0.12 |
| VUSTX | -0.16 | 0.71 | 0.67 | 0.88 | 1.00 | -0.12 | -0.20 | -0.16 | 0.04 |
| VGTSX | 0.79 | 0.00 | -0.02 | -0.03 | -0.12 | 1.00 | 0.75 | 0.80 | 0.91 |
| VIVAX | 0.88 | -0.05 | -0.10 | -0.13 | -0.20 | 0.75 | 1.00 | 0.88 | 0.85 |
| VTSMX | 0.99 | -0.02 | -0.09 | -0.10 | -0.16 | 0.80 | 0.88 | 1.00 | 0.93 |
| Portfolio | 0.93 | 0.15 | 0.10 | 0.12 | 0.04 | 0.91 | 0.85 | 0.93 | 1.00 |