Vanguard Recommendation 60/40 (2025)

Asset Allocation

Position	Category/Sector	Target Weight
VTSMX Vanguard Total Stock Market Index Fund Investor Shares	Large Cap Blend Equities	30%
VGTSX Vanguard Total International Stock Index Fund Investor Shares	Foreign Large Cap Equities, Large Cap Blend Equities	24%
VBIIX Vanguard Intermediate-Term Bond Index Fund	Intermediate Core Bond	12%
VBISX Vanguard Short-Term Bond Index Fund	Short-Term Bond	11%
VTIBX Vanguard Total International Bond Index Fund	Global Bonds	11%
VUSTX Vanguard Long-Term Treasury Fund Investor Shares	Government Bonds	6%
VIVAX Vanguard Value Index Fund	Large Cap Value Equities	6%

Benchmark Against

Benchmark

S&P 500 Index

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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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Returns By Period

As of Jun 6, 2026, the Vanguard Recommendation 60/40 (2025) returned 7.96% Year-To-Date and 8.35% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	-2.64%	0.64%	7.86%	7.47%	23.05%	19.90%	11.79%	13.33%
Portfolio Vanguard Recommendation 60/40 (2025)	0.26%	1.96%	7.96%	8.49%	18.82%	13.76%	6.49%	8.35%
Portfolio components:
VBIIX Vanguard Intermediate-Term Bond Index Fund	0.10%	-0.22%	-0.28%	-0.03%	5.18%	3.99%	0.02%	1.77%
VBISX Vanguard Short-Term Bond Index Fund	0.10%	0.04%	0.26%	0.69%	3.84%	4.14%	1.42%	1.80%
VGTSX Vanguard Total International Stock Index Fund Investor Shares	0.04%	2.06%	14.49%	16.75%	30.88%	19.46%	8.38%	9.62%
VIVAX Vanguard Value Index Fund	0.82%	4.34%	13.07%	14.01%	26.69%	18.31%	11.13%	12.28%
VTIBX Vanguard Total International Bond Index Fund	0.10%	0.34%	0.39%	0.54%	2.13%	4.16%	0.35%	1.69%
VTSMX Vanguard Total Stock Market Index Fund Investor Shares	0.51%	3.65%	11.68%	11.20%	27.88%	22.00%	12.55%	14.84%
VUSTX Vanguard Long-Term Treasury Fund Investor Shares	0.13%	0.14%	-0.31%	-0.44%	5.43%	-0.52%	-5.32%	-1.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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 +0.66%. At this rate, an investment would double in approximately 8.8 years.

Historically, 69% of months were positive and 31% 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%	-4.75%	5.47%	2.86%	0.16%							7.96%
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 1.09%, 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 64.15% of S&P 500 Index downside but only 56.26% 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: 1.09%

Beta: 0.51

R²: 0.89

Upside Capture: 56.26%

Downside Capture: 64.15%

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.

VUSTX

Vanguard Long-Term Treasury Fund Investor Shares

VGTSX

Vanguard Total International Stock Index Fund Investor Shares

VIVAX

Vanguard Value Index Fund

VBISX

Vanguard Short-Term Bond Index Fund

VBIIX

Vanguard Intermediate-Term Bond Index Fund

VTSMX

Vanguard Total Stock Market Index Fund Investor Shares

VTIBX

Vanguard Total International Bond Index Fund

Return for Risk

Risk / Return Rank

Vanguard Recommendation 60/40 (2025) ranks 53 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.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for Vanguard Recommendation 60/40 (2025) and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.39	2.01	+0.39
Sortino ratioReturn per unit of downside risk	3.42	2.71	+0.71
Omega ratioGain probability vs. loss probability	1.46	1.36	+0.09
Calmar ratioReturn relative to maximum drawdown	2.92	2.69	+0.23
Martin ratioReturn relative to average drawdown	12.80	12.34	+0.46
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.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
VBIIX Vanguard Intermediate-Term Bond Index Fund	14	1.01	1.51	1.17	1.21	3.63
VBISX Vanguard Short-Term Bond Index Fund	36	1.55	2.59	1.31	2.24	7.14
VGTSX Vanguard Total International Stock Index Fund Investor Shares	57	2.22	3.03	1.41	2.79	11.03
VIVAX Vanguard Value Index Fund	85	2.75	3.92	1.49	4.36	16.43
VTIBX Vanguard Total International Bond Index Fund	8	0.61	0.88	1.11	0.65	1.81
VTSMX Vanguard Total Stock Market Index Fund Investor Shares	70	2.36	3.22	1.42	3.22	14.87
VUSTX Vanguard Long-Term Treasury Fund Investor Shares	6	0.46	0.70	1.08	0.57	1.49

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Vanguard Recommendation 60/40 (2025) Sharpe ratios as of Jun 6, 2026 (values are recalculated daily):

1-Year: 2.39
5-Year: 0.67
10-Year: 0.86
All Time: 0.84

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.64 to 2.53, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of Vanguard Recommendation 60/40 (2025) compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Vanguard Recommendation 60/40 (2025) provided a 2.68% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.68%	2.59%	2.70%	2.54%	2.08%	2.32%	2.31%	2.46%	2.52%	2.15%	2.40%	2.39%
Portfolio components:
VBIIX Vanguard Intermediate-Term Bond Index Fund	4.13%	3.61%	3.71%	2.72%	2.30%	2.99%	2.85%	2.66%	2.78%	2.66%	2.98%	3.02%
VBISX Vanguard Short-Term Bond Index Fund	3.90%	3.44%	3.29%	2.10%	1.38%	1.16%	1.72%	2.16%	1.92%	1.58%	1.42%	1.34%
VGTSX Vanguard Total International Stock Index Fund Investor Shares	2.55%	3.08%	3.26%	3.16%	2.98%	2.99%	2.05%	2.98%	3.09%	2.68%	2.86%	2.77%
VIVAX Vanguard Value Index Fund	1.73%	1.42%	2.19%	2.33%	2.39%	2.02%	2.43%	2.39%	2.59%	2.18%	2.33%	2.46%
VTIBX Vanguard Total International Bond Index Fund	4.44%	4.33%	4.31%	4.37%	1.41%	3.68%	1.06%	3.36%	2.98%	2.21%	1.76%	1.61%
VTSMX Vanguard Total Stock Market Index Fund Investor Shares	0.93%	0.75%	0.89%	1.33%	1.54%	1.11%	1.33%	1.67%	1.92%	1.61%	1.83%	1.86%
VUSTX Vanguard Long-Term Treasury Fund Investor Shares	4.47%	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 0.28%.

Related event	Drawdown	Fall	Recovery	Underwater
Bear market2022	-21.52%Oct 2022	11mo 8d	1y 5mo	2y 4moNov 2021 - Mar 2024
COVID crash2020	-20.37%Mar 2020	1mo 2d	3mo 29d	5mo 1dFeb 2020 - Jul 2020
Rate-hike selloffLate 2018	-11.08%Dec 2018	10mo 29d	3mo 10d	1y 2moJan 2018 - Apr 2019
2016 correction2016	-10.08%Feb 2016	9mo 20d	5mo 1d	1y 2moApr 2015 - Jul 2016
2025 selloff2025	-9.14%Apr 2025	1mo 18d	1mo 7d	2mo 25dFeb 2025 - May 2025

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. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.18	1.24	1.25	1.25	1.26

The portfolio has a diversification ratio of 1.26, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Vanguard Recommendation 60/40 (2025) correlation to the S&P 500 Index

Vanguard Recommendation 60/40 (2025) has a 0.92 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 5, 2013	0.93

Benchmark Correlations

Correlation vs. S&P 500 Index. VTSMX has the highest benchmark correlation at 0.99, while VUSTX has the lowest at -0.15.

-0.15

-0.09

-0.08

-0.01

0.79

0.87

0.99

Portfolio Correlations

Correlation vs. Vanguard Recommendation 60/40 (2025). VTSMX has the highest portfolio correlation at 0.93, while VUSTX has the lowest at 0.05.

0.05

0.11

0.13

0.16

0.85

0.91

0.93

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	VTIBX	VBISX	VBIIX	VUSTX	VGTSX	VIVAX	VTSMX
VTIBX	1.00	0.56	0.70	0.71	0.02	-0.04	-0.01
VBISX	0.56	1.00	0.85	0.67	-0.00	-0.10	-0.08
VBIIX	0.70	0.85	1.00	0.88	-0.02	-0.12	-0.09
VUSTX	0.71	0.67	0.88	1.00	-0.11	-0.19	-0.15
VGTSX	0.02	-0.00	-0.02	-0.11	1.00	0.75	0.80
VIVAX	-0.04	-0.10	-0.12	-0.19	0.75	1.00	0.88
VTSMX	-0.01	-0.08	-0.09	-0.15	0.80	0.88	1.00

The correlation results are calculated based on daily price changes starting from Jun 5, 2013

Diversification Analysis

Find what Vanguard Recommendation 60/40 (2025) is missing

See which holdings overlap, where Vanguard Recommendation 60/40 (2025) is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification