Ray Dalio All Weather

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From 11-01-2019 to 22-07-2026
Backtest Results
Summary
Performance
Annual Return
Drawdowns
Rolling Returns
Forecast
Risk Metrics
DCA Simulator
Name
ISIN
ISIN stands for International Securities Identification Numbering system and it is a 12-digit alphanumeric code that uniquely identifies financial instruments (ETF, stock,…).
Ticker
Ticker is an abbreviation of one to five alphanumeric characters (letters & numbers) used to uniquely identify publicly financial assets for trading purposes.
Exchange
Exchange is a marketplace where buyers and sellers come together to buy and sell all sorts of financial assets (ETFs, stocks, bonds,…).
Benchmark
Benchmark is a point of reference from which measurements are made. In the invesment world, benchmarks are indices from a broad range of asset classes (equity, fixed income,…). Some of these indices are the MSCI World Index or the FTSE All-World Index.
Inception Date
Note: The inception date may differ from the time an ETF actually started trading on a particular exchange. Let’s use the VUSA ETF as an example: It was created on 22th May 2012, however, it only started being traded on the Italian Exchange (Milan) in the 18th January 2019. So, you will only see data from that point on.
TER
TER is the acronym for “Total Expense Ratio” and it is a measure of the total costs associated with managing and operating an investment fund, in annual terms. So, a TER of 0.20% means that a 8% return in an ETF would have been 8.20% if no fee was charged.
Allocation
iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)
IE00BFM6TC58
SXRC
MU
ICE US Treasury 20+ Year
2018-05-10
0.07%
40%
iShares Core S&P 500 UCITS ETF USD (Acc)
IE00B5BMR087
SXR8
XETRA
S&P 500®
2010-05-19
0.07%
30%
iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)
IE00B3VWN393
CBU7
AS
ICE US Treasury 3-7 Year
2009-06-03
0.07%
15%
iShares Physical Gold ETC
IE00B4ND3602
PPFB
XETRA
Gold
2011-04-08
0.12%
7.5%
iShares Diversified Commodity Swap UCITS ETF
IE00BDFL4P12
SXRS
XETRA
Bloomberg Commodity
2017-07-18
0.19%
7.5%

📋 Note: The backtest period for one or more holdings in this portfolio starts before their inception date. For those earlier periods, returns have been approximated using the corresponding benchmark index data.

1000,1002.27,1006.28,1008.95,1011.77,1017.23,1015.17,1016.91,1013.77,1018.04,1021.35,1010.55,1010.38,1015.68,1018.06,1022.14,994.09,997.73,998.84,994.45,995.71,999.99,1002.64,1005.11,1040.03,1047.16,1045.87,1044.97,1043,1041.63,1042.22,1040.14,1041.87,1039.74,1037.22,1035.21,1035.67,1039.51,1039.74,1041.85,1045.07,1047.99,1047.03,1052,1049.38,1050.65,1050.11,1051.69,1049.19,1064.8,1063.85,1061.57,1065.37,1068.48,1075.52,1077.36,1078.89,1080,1075.63,1075.55,1076.86,1077.66,1072.61,1074.85,1074.96,1072.56,1067.34,1070.19,1066.17,1070.67,1070.67,1070.67,1077.81,1081.41,1088.11,1087.63,1087.49,1082.61,1082.61,1081.87,1085.02,1075.99,1115,1081.06,1074.24,1072.23,1072.03,1078.52,1082.6,1090.58,1089.07,1085.12,1088.01,1086.84,1098.29,1085.99,1080.32,1091.91,1093.45,1108.77,1096.32,1094.38,1092.37,1092.52,1091.96,1094.51,1094.29,1093.91,1095.05,1099.14,1106.24,1107.11,1135.51,1115.61,1118.34,1114.87,1102.52,1104.71,1104.56,1101.79,1104.95,1129.66,1115.01,1125.63,1127.77,1129.04,1143.29,1141.3,1122.43,1122.68,1117.6,1116.24,1123.31,1122.16,1121.89,1124.49,1123.83,1128.95,1130.06,1134.24,1134.86,1150.93,1148.05,1134.88,1143.77,1143.57,1138.33,1131.95,1139.19,1160.44,1166.36,1144.87,1161.52,1182.8,1167.53,1193.09,1175.3,1174.77,1174.76,1173.74,1159.6,1158.51,1173.95,1184.52,1189.4,1208.97,1195.4,1220.18,1195.99,1195.89,1189.6,1211.21,1199.93,1179.56,1180.32,1168.03,1167.29,1171.2,1171.03,1177.3,1181.23,1187.69,1187.48,1192.1,1188.56,1193.34,1193.93,1189.73,1183.22,1183.32,1195.5,1217.09,1188.41,1192.65,1187.56,1186.15,1181.12,1184.93,1175.81,1171.31,1166.42,1161.74,1164.02,1169.08,1168.53,1174.32,1168.48,1170.84,1166.53,1169.61,1178.4,1196.02,1175.52,1176.78,1178.99,1176.03,1172.08,1176.63,1179.16,1183.73,1185.71,1180.21,1182.68,1192.46,1190.44,1188.87,1195.65,1219.84,1204.53,1221.69,1201.34,1183.42,1178.39,1205.46,1186.96,1191.25,1190.26,1189.1,1188.01,1189.2,1181.65,1190.61,1189.19,1206.59,1184.61,1191.04,1195.53,1195.52,1195.52,1195.52,1209.91,1184.81,1184.81,1184.81,1198.22,1194.43,1213.22,1197.02,1201.6,1204.21,1204.6,1201.89,1203.35,1224.73,1208.21,1207.12,1211.56,1213.77,1217.01,1241.19,1225.56,1238.39,1233.4,1231.96,1232.72,1225.2,1241.78,1233.48,1231.66,1256.53,1244.27,1250.17,1269.04,1272.14,1262.55,1264.99,1288.36,1271.39,1295.32,1274.36,1293.86,1270.32,1260.75,1259.17,1260.18,1249.52,1231.81,1230.03,1265.41,1235.9,1249.35,1252.81,1237.73,1223.15,1225.44,1191.35,1204.28,1229.23,1108.63,1143.24,1203.73,1177.16,1234.48,1247.14,1212.74,1201.68,1258.6,1255.01,1254.09,1260.07,1270.54,1282.81,1274.91,1274.16,1279.7,1279.7,1279.7,1275.6,1255.85,1293.2,1296.76,1296.49,1268.23,1291.48,1285.39,1294.3,1300.19,1289.22,1307.59,1289.36,1289.36,1289.31,1293.02,1290.95,1275.05,1303.01,1274.97,1297.21,1295.06,1296.37,1282.63,1287.75,1267.91,1295.19,1270.29,1279.89,1279.53,1295.49,1267.55,1266.43,1256.76,1256.92,1257.75,1273.39,1242.63,1250.17,1231.38,1243.74,1240.46,1236.36,1243.36,1245.38,1244.53,1245.71,1278.66,1257.91,1254.23,1250.35,1237.94,1276.66,1252.89,1278.79,1285.11,1256.85,1262.79,1287.85,1259.04,1264.98,1263.51,1259.41,1278.87,1275.22,1292.6,1269.13,1291.84,1294.95,1266.92,1276.18,1284.77,1290.3,1284.24,1270.53,1247.23,1249.79,1248.19,1244.45,1282.43,1256.54,1254.88,1283.16,1289.18,1262.26,1263.33,1246.25,1249.09,1241.63,1239.7,1236.44,1258.51,1242.64,1247.69,1257.28,1252.46,1251.94,1258.34,1236.72,1233.35,1239.46,1259.37,1287.33,1250.19,1267.52,1238.4,1250.07,1241.73,1238.86,1243.65,1245.59,1248.09,1244.11,1235.8,1227.9,1242.77,1249.16,1247.17,1250.76,1279.94,1273.92,1253.51,1282.38,1249.63,1246.17,1236.15,1232.11,1243.1,1244.93,1250.35,1279.55,1284.31,1263.58,1263.54,1251.76,1244.81,1231.66,1256.27,1230.34,1231.81,1233.27,1253.12,1236.11,1231.01,1233.43,1257.64,1259.29,1262.78,1249.41,1256.58,1235.1,1242.3,1266.27,1250.86,1282.18,1249.8,1255.48,1252.16,1255.77,1275.42,1257.97,1276.3,1252.44,1251.83,1249.07,1269.47,1255.71,1224.88,1230.62,1249.04,1231.01,1231.76,1232.99,1233.13,1231.73,1231.44,1229.29,1227.43,1223.52,1226.28,1221.53,1231.11,1231.33,1231.33,1224.69,1228.05,1225.64,1225.91,1225.91,1237.58,1246.32,1221.6,1219.33,1221.75,1226.65,1226.8,1228.21,1240.93,1238.57,1230.31,1231.74,1239.72,1239.09,1232.6,1235.97,1241.1,1264.93,1243.19,1229.99,1228.46,1265.88,1244.02,1247.66,1249.43,1256.04,1244.95,1239.28,1242.38,1243.22,1238.64,1237.72,1234.62,1252.29,1230.46,1216.68,1210,1231.78,1217.25,1208.8,1221.8,1218.48,1211.86,1230.09,1208.41,1224.59,1229.59,1230.5,1253.43,1244.7,1221.62,1228.96,1224.61,1232.06,1217.17,1218.38,1226.77,1252.45,1252.73,1233.88,1239.18,1233.49,1241.83,1244.18,1244.18,1244.18,1249.06,1246.9,1244.72,1246.78,1264.94,1242.26,1248.56,1272.11,1255.93,1254.32,1239.41,1249.16,1255.08,1251.57,1251.22,1271.04,1247.21,1243.48,1249.38,1249.23,1252.85,1260.55,1257.4,1259.42,1249.85,1237.88,1253.13,1233.09,1236.59,1253.95,1231.36,1219.51,1227.95,1232.67,1232.44,1254.56,1272.66,1244.13,1244.56,1237.26,1239.73,1244.83,1247.58,1250.49,1246.76,1253.36,1256.89,1280.39,1270.73,1268.54,1265.11,1265.84,12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25-12-31,2026-01-01,2026-01-02,2026-01-05,2026-01-06,2026-01-07,2026-01-08,2026-01-09,2026-01-12,2026-01-13,2026-01-14,2026-01-15,2026-01-16,2026-01-19,2026-01-20,2026-01-21,2026-01-22,2026-01-23,2026-01-26,2026-01-27,2026-01-28,2026-01-29,2026-01-30,2026-02-02,2026-02-03,2026-02-04,2026-02-05,2026-02-06,2026-02-09,2026-02-10,2026-02-11,2026-02-12,2026-02-13,2026-02-16,2026-02-17,2026-02-18,2026-02-19,2026-02-20,2026-02-23,2026-02-24,2026-02-25,2026-02-26,2026-02-27,2026-03-02,2026-03-03,2026-03-04,2026-03-05,2026-03-06,2026-03-09,2026-03-10,2026-03-11,2026-03-12,2026-03-13,2026-03-16,2026-03-17,2026-03-18,2026-03-19,2026-03-20,2026-03-23,2026-03-24,2026-03-25,2026-03-26,2026-03-27,2026-03-30,2026-03-31,2026-04-01,2026-04-02,2026-04-03,2026-04-06,2026-04-07,2026-04-08,2026-04-09,2026-04-10,2026-04-13,2026-04-14,2026-04-15,2026-04-16,2026-04-17,2026-04-20,2026-04-21,2026-04-22,2026-04-23,2026-04-24,2026-04-27,2026-04-28,2026-04-29,2026-04-30,2026-05-01,2026-05-04,2026-05-05,2026-05-06,2026-05-07,2026-05-08,2026-05-11,2026-05-12,2026-05-13,2026-05-14,2026-05-15,2026-05-18,2026-05-19,2026-05-20,2026-05-21,2026-05-22,2026-05-25,2026-05-26,2026-05-27,2026-05-28,2026-05-29,2026-06-01,2026-06-02,2026-06-03,2026-06-04,2026-06-05,2026-06-08,2026-06-09,2026-06-10,2026-06-11,2026-06-12,2026-06-15,2026-06-16,2026-06-17,2026-06-18,2026-06-19,2026-06-22,2026-06-23,2026-06-24,2026-06-25,2026-06-26,2026-06-29,2026-06-30,2026-07-01,2026-07-02,2026-07-03,2026-07-06,2026-07-07,2026-07-08,2026-07-09,2026-07-10,2026-07-13,2026-07-14,2026-07-15,2026-07-16,2026-07-17,2026-07-20,2026-07-21,2026-07-22
2019,2020,2021,2022,2023,2024,2025,2026
18.48,3.47,18.59,-12.92,7.73,18.61,3.86,8.49
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Performance

Each point on the chart shows the total return of the portfolio since the start date. For example, a value of +60% at Jan 2025 means the portfolio grew 60% from the initial investment.

Returns
Scale
Display

Returns by Period

PeriodReturn
YTD+8.49%
1 Year+18.68%
3 Years+11.13%
5 Years+6.33%
10 YearsN/A
Max+8.30%

Annual return

Each bar shows the portfolio’s total return for that calendar year. For example, a bar of +18% in 2024 means the portfolio gained 18% throughout that year.

16.929185,3.745526,12.981231,-20.253737,4.664406,15.791064,1.879653,
1.326285,-0.265579,4.964337,9.196340,2.928974,2.434502,1.943810,
HICP rates used (Euro Area, Dec/Dec): 2025: 1.94% | 2024: 2.43% | 2023: 2.93% | 2022: 9.20% | 2021: 4.96% | 2020: -0.27% | 2019: 1.33%

Annual Returns Table

YearNominal Return (%)Real Return (%)Cumulative Return (%)Annualised Return to Date (%)
2026+8.49%N/A+82.27%+8.30%
2025+3.86%+1.88%+68.01%+7.73%
2024+18.61%+15.79%+61.76%+8.39%
2023+7.73%+4.66%+36.38%+6.44%
2022-12.92%-20.25%+26.60%+6.12%
2021+18.59%+12.98%+45.38%+13.42%
2020+3.47%+3.75%+22.59%+10.89%
2019+18.48%+16.93%+18.48%+19.12%

Drawdowns

Each point on the chart shows how far the portfolio was below its previous peak. For example, a value of -15% at Mar 2025 means the portfolio was 15% below its highest point at that time.

Key metrics

MetricValue

Top Drawdowns Table

RankStart dateBottom dateRecovery dateDepth (%)Duration (days)Decline period (days)Recovery period (days)

Rolling returns

Each point on the chart shows the annualised return of the previous X years. For example, if you select a 3-year rolling returns window, the point at Jan 2025 represents the annualised return from Jan 2022 to Jan 2025.

Rolling Returns Summary

Metric1 Year3 Years5 Years10 Years

Forecast

Each simulation projects how your portfolio could grow over the selected time horizon, based on Monte Carlo analysis using historical returns. For example, the Median (50th percentile) line at Year 10 shows the portfolio value that half of all simulations exceeded.

⚠️ Important Disclaimer: Past performance does not guarantee future results. The projections shown are Monte Carlo simulations based on historical returns and are provided for illustrative purposes only. They are not predictions of future performance. Investing involves risk, including the possible loss of principal.

Risk metrics

These metrics evaluate your portfolio’s risk from multiple angles – volatility, drawdowns, and risk-adjusted returns. Use them to understand how efficiently your portfolio generates returns relative to the risk taken.

Risk Metrics

MetricValueDescription
Sharpe Ratio0.42Risk-adjusted return relative to risk-free rate
Sortino Ratio0.58Like Sharpe but only penalises downside volatility
Calmar Ratio0.50Annualised return divided by max drawdown
Standard Deviation14.68%Total portfolio volatility (annualised)
Downside Deviation10.86%Volatility of negative returns only (annualised)
VaR 95% (Monthly)-3.20%Worst expected monthly loss at 95% confidence
Max. Drawdown-16.73%Largest peak-to-trough decline

Correlation Matrix

DCA simulator

Simulate portfolio growth using Dollar-Cost Averaging – investing a fixed amount at regular intervals, regardless of market price. Compare it with Lump Sum, where you invest all your capital at once.