Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BND Vanguard Total Bond Market ETF | Total Bond Market | 20% |
BNDX Vanguard Total International Bond ETF | Global Bonds | 10% |
VEU Vanguard FTSE All-World ex-US ETF | Foreign Large Cap Equities | 10% |
VTI Vanguard Total Stock Market ETF | Large Cap Blend Equities | 0% |
VYM Vanguard High Dividend Yield ETF | Dividend | 60% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in 60/40 TESTS, 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.
Loading graphics...
The earliest data available for this chart is Jun 4, 2013, corresponding to the inception date of BNDX
Returns By Period
As of Apr 16, 2026, the 60/40 TESTS returned 5.48% Year-To-Date and 8.59% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.80% | 4.83% | 2.59% | 5.27% | 30.14% | 19.29% | 10.91% | 12.94% |
Portfolio 60/40 TESTS | -0.10% | 2.49% | 5.48% | 7.48% | 22.05% | 12.44% | 7.75% | 8.59% |
| Portfolio components: | ||||||||
BND Vanguard Total Bond Market ETF | -0.14% | 0.41% | 0.72% | 0.85% | 5.80% | 3.80% | 0.28% | 1.70% |
BNDX Vanguard Total International Bond ETF | -0.21% | 0.03% | 0.25% | -0.29% | 2.51% | 4.17% | 0.24% | 1.75% |
VTI Vanguard Total Stock Market ETF | 0.76% | 5.12% | 3.30% | 5.76% | 32.47% | 20.57% | 11.27% | 14.38% |
VEU Vanguard FTSE All-World ex-US ETF | -0.24% | 5.50% | 9.59% | 14.00% | 39.44% | 17.63% | 8.43% | 9.49% |
VYM Vanguard High Dividend Yield ETF | -0.05% | 3.06% | 7.27% | 9.98% | 28.70% | 15.91% | 11.34% | 11.57% |
Monthly Returns
Based on dividend-adjusted daily data since Jun 5, 2013, 60/40 TESTS's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +8.9%, while the worst month was Mar 2020 at -9.9%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.
On a daily basis, 60/40 TESTS closed higher 55% of trading days. The best single day was Mar 13, 2020 with a return of +6.6%, while the worst single day was Mar 12, 2020 at -8.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.35% | 3.06% | -3.77% | 2.91% | 5.48% | ||||||||
| 2025 | 2.73% | 1.49% | -1.98% | -1.61% | 2.54% | 3.13% | 0.21% | 2.92% | 1.75% | 0.24% | 2.21% | -0.25% | 14.04% |
| 2024 | 0.20% | 1.57% | 3.90% | -3.12% | 2.57% | -0.01% | 3.84% | 2.07% | 1.44% | -1.21% | 3.65% | -3.47% | 11.65% |
| 2023 | 3.18% | -3.23% | 0.75% | 1.09% | -3.65% | 3.68% | 2.75% | -2.01% | -3.02% | -2.30% | 5.82% | 4.90% | 7.57% |
| 2022 | -1.11% | -1.54% | 0.88% | -4.26% | 2.36% | -5.99% | 3.89% | -2.83% | -6.83% | 7.46% | 6.09% | -2.81% | -5.69% |
| 2021 | -0.54% | 2.49% | 4.20% | 1.94% | 2.18% | -0.56% | 0.57% | 1.32% | -2.57% | 3.18% | -1.69% | 4.29% | 15.55% |
Benchmark Metrics
60/40 TESTS has an annualized alpha of 1.14%, beta of 0.58, and R² of 0.86 versus S&P 500 Index. Calculated based on daily prices since June 05, 2013.
- This portfolio participated in 67.18% of S&P 500 Index downside but only 61.54% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.58 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
- 1.14%
- Beta
- 0.58
- R²
- 0.86
- Upside Capture
- 61.54%
- Downside Capture
- 67.18%
Expense Ratio
60/40 TESTS has an expense ratio of 0.04%, 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
60/40 TESTS ranks 66 for risk / return — better than 66% of portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.73 | 2.30 | +0.44 |
Sortino ratioReturn per unit of downside risk | 3.97 | 3.18 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.43 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 4.18 | 3.40 | +0.77 |
Martin ratioReturn relative to average drawdown | 16.65 | 15.35 | +1.29 |
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 | |
|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 33 | 1.49 | 2.21 | 1.26 | 2.73 | 8.73 |
BNDX Vanguard Total International Bond ETF | 16 | 0.78 | 1.12 | 1.14 | 0.95 | 3.48 |
VTI Vanguard Total Stock Market ETF | 67 | 2.42 | 3.35 | 1.45 | 3.75 | 16.93 |
VEU Vanguard FTSE All-World ex-US ETF | 72 | 2.79 | 3.75 | 1.52 | 3.65 | 14.55 |
VYM Vanguard High Dividend Yield ETF | 74 | 2.62 | 3.74 | 1.48 | 4.43 | 16.47 |
Loading graphics...
Dividends
Dividend yield
60/40 TESTS provided a 2.88% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.88% | 2.98% | 3.12% | 3.26% | 2.79% | 2.76% | 2.69% | 3.01% | 3.23% | 2.68% | 2.73% | 2.90% |
| Portfolio components: | ||||||||||||
BND Vanguard Total Bond Market ETF | 3.91% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
BNDX Vanguard Total International Bond ETF | 4.45% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
VTI Vanguard Total Stock Market ETF | 1.09% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
VEU Vanguard FTSE All-World ex-US ETF | 2.72% | 3.09% | 3.24% | 3.32% | 3.12% | 3.08% | 2.00% | 3.10% | 3.27% | 2.66% | 2.96% | 2.95% |
VYM Vanguard High Dividend Yield ETF | 2.30% | 2.44% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% |
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.
Loading graphics...
Worst Drawdowns
The table below displays the maximum drawdowns of the 60/40 TESTS. 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 60/40 TESTS was 24.94%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current 60/40 TESTS drawdown is 1.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.94% | Feb 13, 2020 | 27 | Mar 23, 2020 | 166 | Nov 16, 2020 | 193 |
| -16.09% | Jan 13, 2022 | 180 | Sep 30, 2022 | 311 | Dec 27, 2023 | 491 |
| -11.77% | Jan 29, 2018 | 229 | Dec 24, 2018 | 69 | Apr 4, 2019 | 298 |
| -9.76% | Feb 20, 2025 | 34 | Apr 8, 2025 | 44 | Jun 11, 2025 | 78 |
| -9.6% | Apr 29, 2015 | 83 | Aug 25, 2015 | 148 | Mar 29, 2016 | 231 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading graphics...
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 5 assets, with an effective number of assets of 2.38, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | BNDX | BND | VEU | VYM | VTI | Portfolio | |
|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.01 | -0.01 | 0.80 | 0.86 | 0.99 | 0.88 |
| BNDX | 0.01 | 1.00 | 0.72 | 0.03 | -0.02 | 0.01 | 0.09 |
| BND | -0.01 | 0.72 | 1.00 | 0.04 | -0.04 | -0.01 | 0.09 |
| VEU | 0.80 | 0.03 | 0.04 | 1.00 | 0.75 | 0.81 | 0.82 |
| VYM | 0.86 | -0.02 | -0.04 | 0.75 | 1.00 | 0.86 | 0.98 |
| VTI | 0.99 | 0.01 | -0.01 | 0.81 | 0.86 | 1.00 | 0.88 |
| Portfolio | 0.88 | 0.09 | 0.09 | 0.82 | 0.98 | 0.88 | 1.00 |