Famous Portfolios - Backtested

Backtest legendary lazy portfolios against decades of real market data. Click any portfolio to load it into the backtester and tweak it. Wondering how often to rebalance one? See our data study on rebalancing frequency.

60/40 Portfolio

The classic balanced portfolio - 60% US stocks, 40% bonds. Backtested with estimated history to 1953.

SP500X 60%AGGX 40%

Bogleheads Three-Fund Portfolio

Total US market, international, and total bond market - the Boglehead favorite, estimated back to 1990.

USTOTX 60%INTLX 30%AGGX 10%

Ray Dalio All Weather Portfolio

Bridgewater's risk-balanced mix designed to weather any economic environment.

USTOTX 30%UST20X 40%IEFX 15%GOLDX 7.5%DBC 7.5%

Golden Butterfly Portfolio

A balanced 5-way split across stocks, small-cap, long & short bonds, and gold - estimated to 1976.

USTOTX 20%SMALLX 20%UST20X 20%SHYX 20%GOLDX 20%

Harry Browne Permanent Portfolio

Equal 25% stocks, long bonds, cash, and gold - built to be permanent in any market. Estimated to 1976.

SP500X 25%UST20X 25%SHYX 25%GOLDX 25%

100% S&P 500

All-in on the S&P 500 - backtested with estimated history all the way to 1871.

SP500X 100%

Warren Buffett 90/10 Portfolio

Buffett's advice for his own estate - 90% in a low-cost S&P 500 fund, 10% in short-term Treasuries.

SP500X 90%SHYX 10%

100% Nasdaq-100 (QQQ)

All-in on the 100 largest non-financial Nasdaq companies - the high-growth, tech-heavy bet.

QQQ 100%

Total World Portfolio

One-fund global stock market - US, developed, and emerging markets at world cap weights.

USTOTX 60%INTLX 30%EMKTX 10%

David Swensen Yale Endowment Portfolio

The Yale CIO's six-fund model for individuals - equity-heavy with REITs, Treasuries, and TIPS.

USTOTX 30%REITX 20%INTLX 15%EMKTX 5%IEFX 15%TIP 15%

Rick Ferri Core Four Portfolio

A simple four-fund 80/20 core - total US and international stock, a REIT slice, and total bond.

USTOTX 48%INTLX 24%REITX 8%AGGX 20%

Paul Merriman Ultimate Buy & Hold

Merriman's globally diversified 60/40 with deep value and small-cap tilts across ten equity classes.

SP500X 6%VTV 6%SMALLX 6%VBR 6%REITX 6%INTLX 24%EMKTX 6%IEFX 20%SHYX 12%TIP 8%

Bill Schultheis Coffeehouse Portfolio

A 60/40 with six equal 10% equity slices tilted to value and small caps, plus 40% bonds.

SP500X 10%VTV 10%SMALLX 10%VBR 10%INTLX 10%REITX 10%AGGX 40%

William Bernstein No-Brainer Portfolio

Bernstein's four equal quarters - US large, US small, international, and bonds.

SP500X 25%SMALLX 25%INTLX 25%AGGX 25%

Scott Burns Couch Potato Portfolio

The original two-fund lazy portfolio - a dead-simple 50/50 split of total stock and total bond.

USTOTX 50%AGGX 50%

Mebane Faber Ivy Portfolio

Faber's endowment-style five-way equal split across stocks, foreign stocks, bonds, real estate, and commodities.

USTOTX 20%INTLX 20%IEFX 20%REITX 20%DBC 20%

7Twelve Portfolio

Craig Israelsen's equal-weight spread across seven asset classes for broad multi-asset diversification.

SP500X 8.34%USTOTX 8.34%SMALLX 8.34%INTLX 8.34%EMKTX 8.33%REITX 8.33%DBC 16.66%AGGX 16.66%TIP 8.33%SHYX 8.33%

Ginger Ale Portfolio

A small-cap-value-tilted global 90/10 portfolio with a long-Treasury sleeve for ballast.

SP500X 22.5%VBR 22.5%INTLX 22.5%EMKTX 22.5%UST20X 10%

Larry Swedroe Portfolio

The high-tilt, low-equity 30/70 - concentrated small-cap value paired with safe Treasuries.

VBR 15%INTLX 7.5%EMKTX 7.5%IEFX 70%

Sandwich Portfolio

A layered global allocation with a heavy US-large core, small/foreign tilts, and a Treasury-bond base.

SP500X 20%SMALLX 8%INTLX 16%EMKTX 6%IEFX 30%SHYX 4%AGGX 11%REITX 5%

Pinwheel Portfolio

Four balanced 'blades' of stocks, bonds, real assets, and cash spinning around a gold-and-REIT core.

SP500X 15%VBR 10%INTLX 15%EMKTX 10%IEFX 15%SHYX 10%REITX 15%GOLDX 10%

Bill Gates Portfolio

Bill Gates's foundation trust holds just a handful of stocks - its six biggest (per SEC 13F): Berkshire Hathaway, Waste Management, Canadian National Railway, Caterpillar, Deere, and Ecolab.

BRK.B 29.5%WM 22.9%CNI 19.2%CAT 16.2%DE 7.2%ECL 5%

Warren Buffett (Berkshire Hathaway)

The world's most-watched buy-and-hold portfolio - Buffett's Berkshire, anchored by decades-long stakes in Apple, American Express and Coca-Cola.

AAPL 29.84%AXP 23.65%KO 15.69%BAC 12.92%CVX 9.01%OXY 8.89%

Bill Ackman (Pershing Square)

A hyper-concentrated ~10-stock activist book of high-quality compounders Ackman holds for years.

BN 19.74%AMZN 19.48%UBER 17.6%MSFT 17.09%QSR 13.66%META 12.43%

Li Lu (Himalaya Capital)

Charlie Munger's hand-picked manager - an ultra-concentrated value book dominated by a single huge Alphabet position.

GOOGL 57.93%BRK.B 17.37%EWBC 11.97%BAC 5.91%OXY 3.85%CROX 2.97%

Dev Kantesaria (Valley Forge Capital)

A 7-stock 'compounder' portfolio of capital-light monopolies - FICO, S&P Global, Mastercard and Moody's.

FICO 26.08%SPGI 23.74%MA 23.6%MCO 18.24%V 5.75%INTU 2.59%

Chris Hohn (TCI)

A 9-stock activist mega-fund concentrated in GE Aerospace, Visa and the ratings duopoly (Moody's, S&P Global).

GE 32.24%V 22.02%MCO 14.95%SPGI 14.28%CP 8.75%GOOGL 7.76%

Chuck Akre (Akre Capital)

The 'three-legged stool' quality-compounder book - Mastercard, Visa, Moody's - now run by Akre's successors.

MA 28.97%BN 17.51%KKR 15.8%MCO 13.82%V 12.59%ROP 11.31%

Terry Smith (Fundsmith)

'Buy good companies, don't overpay, do nothing' - the US-listed sleeve of Fundsmith's quality-compounder book.

MAR 19.34%SYK 17.65%WAT 16.79%V 16.46%GOOGL 14.93%PM 14.83%

Mohnish Pabrai (Dalal Street)

Pabrai's tiny US 13F sleeve - a hyper-concentrated deep-value bet, currently all metallurgical coal and offshore drilling.

HCC 39.89%RIG 31.97%AMR 28.14%

Thomas Russo (Gardner Russo)

Low-turnover 'capacity to suffer' investing in global consumer franchises - the US-listed core.

BRK.B 31.36%GOOG 19.06%MA 15.42%PM 15.1%NFLX 10.7%MLM 8.36%