Fixed Income 2024
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BND Vanguard Total Bond Market ETF | Total Bond Market | 13.33% |
BNDX Vanguard Total International Bond ETF | Total Bond Market | 20% |
SCHO Schwab Short-Term U.S. Treasury ETF | Government Bonds | 30% |
SCHP Schwab U.S. TIPS ETF | Inflation-Protected Bonds | 13.33% |
SPHY SPDR Portfolio High Yield Bond ETF | High Yield Bonds | 13.33% |
SPTL SPDR Portfolio Long Term Treasury ETF | Government Bonds | 10% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fixed Income 2024, 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.
The earliest data available for this chart is Jun 4, 2013, corresponding to the inception date of BNDX
Returns By Period
As of Apr 7, 2025, the Fixed Income 2024 returned 2.42% Year-To-Date and 1.95% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -13.73% | -12.06% | -11.77% | -2.50% | 13.85% | 9.30% |
| Fixed Income 2024 | 2.15% | 0.62% | 1.40% | 6.00% | 0.67% | 1.90% |
| Portfolio components: | ||||||
SPTL SPDR Portfolio Long Term Treasury ETF | 7.13% | 3.32% | 0.55% | 6.69% | -7.64% | -0.35% |
SCHO Schwab Short-Term U.S. Treasury ETF | 2.38% | 0.84% | 2.50% | 5.97% | 1.20% | 1.48% |
SCHP Schwab U.S. TIPS ETF | 4.39% | 1.73% | 2.43% | 7.24% | 2.00% | 2.46% |
BND Vanguard Total Bond Market ETF | 3.64% | 1.46% | 1.76% | 6.88% | -0.43% | 1.50% |
BNDX Vanguard Total International Bond ETF | 0.69% | 1.44% | 1.27% | 4.65% | 0.27% | 1.76% |
SPHY SPDR Portfolio High Yield Bond ETF | -1.56% | -3.37% | -0.74% | 5.72% | 6.77% | 4.23% |
Monthly Returns
The table below presents the monthly returns of Fixed Income 2024, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.77% | 1.53% | -0.32% | 0.16% | 2.15% | ||||||||
| 2024 | -0.11% | -0.74% | 0.82% | -1.64% | 1.23% | 0.74% | 1.99% | 1.09% | 1.33% | -1.51% | 1.10% | -1.21% | 3.03% |
| 2023 | 2.66% | -1.75% | 2.47% | 0.30% | -0.86% | 0.13% | 0.07% | -0.27% | -1.90% | -0.80% | 3.47% | 3.08% | 6.60% |
| 2022 | -1.84% | -0.71% | -2.26% | -3.16% | -0.03% | -2.39% | 2.95% | -2.71% | -3.80% | 0.08% | 2.55% | -1.26% | -12.11% |
| 2021 | -0.63% | -1.40% | -0.67% | 0.67% | 0.20% | 0.93% | 1.34% | -0.08% | -0.84% | 0.22% | 0.45% | -0.10% | 0.04% |
| 2020 | 1.91% | 1.32% | -1.58% | 1.97% | 0.55% | 0.50% | 1.93% | -0.75% | 0.11% | -0.42% | 1.12% | 0.41% | 7.23% |
| 2019 | 1.13% | -0.02% | 1.92% | 0.07% | 1.40% | 1.20% | 0.44% | 2.58% | -0.55% | -0.10% | -0.07% | 0.00% | 8.25% |
| 2018 | -0.98% | -0.74% | 0.69% | -0.44% | 0.40% | 0.19% | -0.02% | 0.52% | -0.58% | -0.78% | 0.50% | 1.42% | 0.15% |
| 2017 | 0.24% | 0.61% | -0.10% | 0.66% | 0.64% | -0.15% | 0.22% | 0.97% | -0.45% | 0.11% | 0.06% | 0.60% | 3.45% |
| 2016 | 1.35% | 1.11% | 0.99% | 0.21% | 0.10% | 2.12% | 0.89% | -0.10% | 0.10% | -1.10% | -2.31% | 0.46% | 3.82% |
| 2015 | 2.42% | -0.94% | 0.19% | -0.53% | -0.57% | -1.14% | 0.85% | -0.42% | 0.30% | 0.41% | -0.33% | -0.64% | -0.46% |
| 2014 | 1.73% | 0.44% | 0.10% | 0.78% | 1.07% | 0.21% | -0.07% | 1.32% | -0.91% | 0.87% | 0.56% | 0.34% | 6.61% |
Expense Ratio
Fixed Income 2024 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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 93, Fixed Income 2024 is among the top 7% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
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 | Martin ratio | |
|---|---|---|---|---|---|
SPTL SPDR Portfolio Long Term Treasury ETF | 0.49 | 0.77 | 1.09 | 0.15 | 0.97 |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.36 | 5.53 | 1.76 | 6.06 | 17.38 |
SCHP Schwab U.S. TIPS ETF | 1.61 | 2.33 | 1.28 | 0.67 | 4.78 |
BND Vanguard Total Bond Market ETF | 1.26 | 1.85 | 1.22 | 0.49 | 3.20 |
BNDX Vanguard Total International Bond ETF | 1.25 | 1.79 | 1.22 | 0.53 | 5.35 |
SPHY SPDR Portfolio High Yield Bond ETF | 1.21 | 1.61 | 1.23 | 1.49 | 9.06 |
Dividends
Dividend yield
Fixed Income 2024 provided a 4.47% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 4.47% | 4.45% | 4.12% | 3.15% | 2.57% | 1.97% | 3.00% | 2.67% | 2.21% | 1.97% | 1.74% | 1.79% |
| Portfolio components: | ||||||||||||
SPTL SPDR Portfolio Long Term Treasury ETF | 3.84% | 4.03% | 3.24% | 2.75% | 1.68% | 1.71% | 2.45% | 2.69% | 2.53% | 2.56% | 2.60% | 2.64% |
SCHO Schwab Short-Term U.S. Treasury ETF | 4.21% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.26% | 1.78% | 1.12% | 0.82% | 0.68% | 0.47% |
SCHP Schwab U.S. TIPS ETF | 3.16% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.63% | 1.90% | 1.38% | 0.28% | 1.30% |
BND Vanguard Total Bond Market ETF | 3.66% | 3.67% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% |
BNDX Vanguard Total International Bond ETF | 4.26% | 4.18% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.98% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fixed Income 2024. 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 Fixed Income 2024 was 14.91%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Fixed Income 2024 drawdown is 1.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.91% | Nov 10, 2021 | 238 | Oct 20, 2022 | — | — | — |
| -7.29% | Mar 9, 2020 | 9 | Mar 19, 2020 | 75 | Jul 7, 2020 | 84 |
| -3.98% | Jul 11, 2016 | 111 | Dec 14, 2016 | 181 | Sep 5, 2017 | 292 |
| -3.55% | Feb 2, 2015 | 90 | Jun 10, 2015 | 195 | Mar 18, 2016 | 285 |
| -3.22% | Jan 4, 2021 | 52 | Mar 18, 2021 | 84 | Jul 19, 2021 | 136 |
Volatility
Volatility Chart
The current Fixed Income 2024 volatility is 0.81%, 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.
Diversification
Asset Correlations Table
| SPHY | SCHO | BNDX | SCHP | SPTL | BND | |
|---|---|---|---|---|---|---|
| SPHY | 1.00 | 0.12 | 0.20 | 0.20 | 0.12 | 0.24 |
| SCHO | 0.12 | 1.00 | 0.53 | 0.60 | 0.59 | 0.71 |
| BNDX | 0.20 | 0.53 | 1.00 | 0.58 | 0.70 | 0.73 |
| SCHP | 0.20 | 0.60 | 0.58 | 1.00 | 0.75 | 0.79 |
| SPTL | 0.12 | 0.59 | 0.70 | 0.75 | 1.00 | 0.90 |
| BND | 0.24 | 0.71 | 0.73 | 0.79 | 0.90 | 1.00 |