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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.

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S&P 500 Backfill (estimated to 1871)1871-02-28 → 2026-06-30Estimated from 1871 to SPY's 1993 inception using the S&P 500 total-return index (Robert Shiller), minus the fund's expense ratio, then chain-linked to the real SPY fund. The dashed part of the chart is estimated - an index proxy, not the fund's real record.
%
backfill estimated before SPY's 1993 inception, from the S&P 500 total-return index (Robert Shiller).
Short-Term Treasury Backfill (1-3yr, estimated to 1976)1976-07-31 → 2026-06-30Estimated from 1976 to SHY's 2002 inception using the 2-year Treasury yield (FRED), modeled as a constant-maturity bond, minus the fund's expense ratio, then chain-linked to the real SHY fund. The dashed part of the chart is estimated - an index proxy, not the fund's real record.
%
backfill estimated before SHY's 2002 inception, from the 2-year Treasury yield (FRED), modeled as a constant-maturity bond.
Total 100%
Data window Warren Buffett 90/10 Portfolio: 1976-07-31 → 2026-06-30 · start: SHYX
Dashed = estimated before the fund existed (reconstructed from its tracked index): SHYX from 1976-07-31 · SP500X from 1871-02-28

Portfolio growth

Warren Buffett 90/10 Portfolio
CAGR11.14%
Max Drawdown-45.71%
Volatility12.50%
Sharpe0.58
Final balance$1,962,580
Total return19525.80%

Drawdown

Annual returns

Warren Buffett 90/10 Portfolio
Total Return19525.80%
Sortino0.80
Best Year35.23%
Worst Year-32.79%
Positive Months65.00%
Annualized Return (mean)11.39%

Correlation

SHYXSP500X
SHYX1.000.06
SP500X0.061.00