Backtest Portfolio Asset Allocation

This portfolio backtesting tool allows you to construct one or more portfolios based on the selected mutual funds, ETFs, and stocks. You can analyze and backtest portfolio returns, risk characteristics, style exposures, and drawdowns. The results cover both returns and fund fundamentals based portfolio style analysis along with risk and return decomposition by each portfolio asset. You can compare up to three different portfolios against the selected benchmark, and you can also specify any periodic contribution or withdrawal cashflows and the preferred portfolio rebalancing strategy.

The related asset class level portfolio modeling tool allows you to analyze and compare asset class level portfolios with a longer time horizon starting from 1972.

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Portfolio Analysis Results (Jan 2018 - Dec 2019)

Portfolio Allocations

Portfolio 1
Ticker Name Allocation
VFIJX Vanguard GNMA Adm 10.00%
FTBFX Fidelity Total Bond Fund 10.00%
VWAHX Vanguard High-Yield Tax-Exempt 5.00%
VWIAX Vanguard Wellesley Income Admiral 15.00%
FIUIX Fidelity Telecom and Utilities 5.00%
DGRO iShares Core Dividend Growth ETF 10.00%
LGLV SPDR SSGA US Large Cap Low Volatil ETF 10.00%
TRECX T. Rowe Price Emerging Mkts Corp Bd 5.00%
VTABX Vanguard Total Intl Bd Idx Admiral 10.00%
VMNVX Vanguard Global Minimum Volatility Admr 5.00%
MUA BlackRock MuniAssets Fund 5.00%
FSREX Fidelity Series Real Estate Income 5.00%
SPIP SPDR Portfolio TIPS ETF 5.00%
Save portfolio »

Portfolio Returns

Portfolio performance statistics
PortfolioInitial BalanceFinal BalanceCAGRStdevBest YearWorst YearMax. DrawdownSharpe RatioSortino RatioMarket Correlation
Portfolio 1$10,000$11,582 7.62% 4.78%16.65%-0.72%-2.76% 1.151.990.84
Vanguard Wellesley Income Admiral$10,000$11,357 6.57% 5.19%16.47%-2.49%-3.46% 0.871.400.82
   

Trailing Returns

Trailing Returns
NameTotal ReturnAnnualized Return
3 MonthYear To Date1 yearFull
Portfolio 11.94%16.65%16.65%7.62%
Vanguard Wellesley Income Admiral2.41%16.47%16.47%6.57%
Trailing returns are as of last full calendar month ending December 2019
Notes on results:
  • IMPORTANT: The projections or other information generated by Portfolio Visualizer regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.
  • The results do not constitute investment advice or recommendation, are provided solely for informational purposes, and are not an offer to buy or sell any securities. All use is subject to terms of service.
  • Investing involves risk, including possible loss of principal. Past performance is not a guarantee of future results.
  • Asset allocation and diversification strategies do not guarantee a profit or protect against a loss.
  • Hypothetical returns do not reflect trading costs, transaction fees, commissions, or actual taxes due on investment returns.
  • The results are based on information from a variety of sources we consider reliable, but we do not represent that the information is accurate or complete.
  • Refer to the related documentation sections for more details on terms and definitions, methodology, and data sources.
  • Portfolio model information represents a blended portfolio consisting of the model's underlying positions and assigned weights provided by the user and rebalanced at the specified schedule. The results were constructed using net of fee mutual fund performance. Portfolio Visualizer does not provide preferential treatment to any specific security or investment.
  • The results are based on the total return of assets and assume that all received dividends and distributions are reinvested.
  • Market capitalization refers to the total value of all a company's shares of stock. It is calculated by multiplying the price of a stock by its total number of outstanding shares. Large cap refers to a company with a market capitalization value of more than $10 billion, mid cap refers to a company with a market capitalization value between $2 and $10 billion, and small cap refers to a company with a market capitalization value below $2 billion. For funds and portfolios the equity market capitalization is calculated based on the long position of the equity holdings.
  • Credit quality measures the ability of a bond issuer to repay a bond's interest and principal in a timely manner. Ratings agencies research the financial health of each bond issuer and assign ratings to the bonds being offered. Lower-rated bonds generally offer higher yields to compensate investors for the additional risk. AAA is the highest possible rating that may be assigned to an issuer's bonds by any of the major credit rating agencies. Bonds rated AAA to AA are known as high-grade bonds, bonds rated A to BBB are known as medium-grade bonds, and bonds rated BB to C are known as non-investment grade bonds. An issuer will receive a rating of D if it is already in default on some of its debt. For funds and portfolios the fixed income credit quality break-down is calculated based on the long position of the fixed income holdings.
  • A fixed income maturity date refers to the specific date on which the investor's principal will be repaid. Duration measures a bond's or fixed income portfolio's price sensitivity to interest rate changes. If a bond has a duration of 5 years, and interest rates increase by 1%, the bond's price will decline by approximately 5%. Conversely, if a bond has a duration of 5 years and interest rates fall by 1%, the bond's price will increase by approximately 5%. A fixed income portfolio's duration is computed as the weighted average of individual bond durations held in the portfolio.
  • Compound annualized growth rate (CAGR) is the annualized geometric mean return of the portfolio. It is calculated from the portfolio start and end balance and is thus impacted by any cashflows.
  • The time-weighted rate of return (TWRR) is a measure of the compound rate of growth in a portfolio. This is calculated from the holding period returns (e.g. monthly returns), and TWRR will thus not be impacted by cashflows. If there are no external cashflows, TWRR will equal CAGR.
  • The money-weighted rate of return (MWRR) is the internal rate of return (IRR) taking into account cashflows. This is the discount rate at which the present value of cash inflows equals the present value of cash outflows.
  • Total return is the combined return in income and capital appreciation from investment in an asset. Yield measures the current cash income received from investment in an asset. Bonds provide yield in the form of interest payments and stocks through dividends.
  • Standard deviation (Stdev) is used to measure the dispersion of returns around the mean and is often used as a measure of risk. A higher standard deviation implies greater the dispersion of data points around the mean.
  • Sharpe Ratio is a measure of risk-adjusted performance of the portfolio, and it is calculated by dividing the mean monthly excess return of the portfolio over the risk-free rate by the standard deviation of excess return, and the displayed value is annualized.
  • Sortino Ratio is a measure of risk-adjusted return which is a modification of the Sharpe Ratio. While the latter is the ratio of average returns in excess of a risk-free rate divided by the standard deviation of those excess returns, the Sortino Ratio has the same denominator divided by the standard deviation of returns below the risk-free rate.
  • Treynor Ratio is a measure of risk-adjusted performance of the portfolio. It is similar to the Sharpe Ratio, but it uses portfolio beta (systematic risk) as the risk metric in the denominator.
  • Calmar Ratio is a measure of risk-adjusted performance of the portfolio. It is calculated as the annualized return over the past 36 months divided by the maximum drawdown over the past 36 months based on monthly returns.
  • Risk-free returns are calculated based on the Federal Reserve 3-Month Treasury Bill (secondary market) rates.
  • Downside deviation measures the downside volatility of the portfolio returns unlike standard deviation, which includes both upside and downside deviations. Downside deviation is calculated based on negative returns that hurt the portfolio performance.
  • Correlation measures to what degree the returns of the two assets move in relation to each other. Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much. Asset correlations are calculated based on monthly returns.
  • Skewness is a measure of the asymmetry of the probability distribution or returns from a normal Gaussian distribution shape about its mean. Negative skewness is associated with the left (typically negative returns) tail of the distribution extending further than the right tail; and positive skewness is associated with the right (typically positive returns) tail of the distribution extending further than the left tail.
  • Excess kurtosis is a measure of whether a data distribution is peaked or flat relative to a normal distribution. Distributions with high kurtosis tend to have a distinct peak near the mean, decline rather rapidly, and have heavy or fat tails.
  • A drawdown refers to the decline in value of a single investment or an investment portfolio from a relative peak value to a relative trough. A maximum drawdown (Max Drawdown) is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. Drawdown values are calculated based on monthly returns.
  • Value at Risk (VaR) measures the scale of loss at a given confidence level. If the 5% VaR is -3% the portfolio return is expected to be greater than -3% 95% of the time and less than -3% 5% of the time. Value at Risk can be calculated directly based on historical returns based on a given percentile or analytically based on the mean and standard deviation of the returns.
  • Conditional Value at Risk (CVaR) measures the scale of the expected loss once the specific Value at Risk (VaR) breakpoint has been breached, i.e., it calculates the average tail loss by taking a weighted average between the value at risk and losses exceeding the value at risk.
  • Beta is a measure of systematic risk and measures the volatility of a particular investment relative to the market or its benchmark. Alpha measures the active return of the investment compared to the market benchmark return. R-squared is the percentage of a portfolio's movements that can be explained by movements in the selected benchmark index.
  • Active return is the investment return minus the return of its benchmark. For periods longer than 12 months this is displayed as annualized value, i.e., annualized investment return minus annualized benchmark return.
  • Tracking error, also known as active risk, is the standard deviation of active return. This is displayed as annualized value based on the standard deviation of monthly active returns.
  • Information ratio is the active return divided by the tracking error. It measures whether the investment outperformed its benchmark consistently.
  • Gain/Loss ratio is a measure of downside risk, and it is calculated as the average positive return in up periods divided by the average negative return in down periods.
  • Upside Capture Ratio measures how well the fund performed relative to the benchmark when the market was up, and Downside Capture Ratio measures how well the fund performed relative to the benchmark when the market was down. An upside capture ratio greater than 100 would indicate that the fund outperformed its benchmark when the market was up, and a downside capture ratio below 100 would indicate that the fund lost less than its benchmark when the market was down. To calculate upside capture ratio a new series from the portfolio returns is constructed by dropping all time periods where the benchmark return is less than equal to zero. The up capture is then the quotient of the annualized return of the resulting manager series, divided by the annualized return of the resulting benchmark series. The downside capture ratio is calculated analogously.
  • All risk measures for the portfolio and portfolio assets are calculated based on monthly returns.
  • Gross expense ratio reflects the total annual operating expenses paid by each fund. Net expense ratio reflects what investors were charged after waivers, reductions, and reimbursements.
  • Price to earnings (P/E) ratio of a stock is calculated by dividing the current price of the stock by its trailing 12 months' earnings per share. For funds the price to earnings ratio is computed as the weighted average of fund holdings.
  • The results assume annual rebalancing of portfolio assets to match the specified allocation.
Annual returns for the configured portfolios
YearInflationPortfolio 1Vanguard Wellesley Income AdmiralVanguard GNMA Adm (VFIJX)Fidelity Total Bond Fund (FTBFX)Vanguard High-Yield Tax-Exempt (VWAHX)Vanguard Wellesley Income Admiral (VWIAX)Fidelity Telecom and Utilities (FIUIX)iShares Core Dividend Growth ETF (DGRO)SPDR SSGA US Large Cap Low Volatil ETF (LGLV)T. Rowe Price Emerging Mkts Corp Bd (TRECX)Vanguard Total Intl Bd Idx Admiral (VTABX)Vanguard Global Minimum Volatility Admr (VMNVX)BlackRock MuniAssets Fund (MUA)Fidelity Series Real Estate Income (FSREX)SPDR Portfolio TIPS ETF (SPIP)
ReturnBalanceReturnBalance
20181.91%-0.72%$9,928-2.49%$9,7510.97%-0.67%1.29%-2.49%3.32%-2.35%0.32%-1.60%2.93%-1.73%-9.68%0.67%-1.53%
20192.29%16.65%$11,58216.47%$11,3575.93%9.87%9.17%16.47%22.02%29.88%30.83%13.00%7.88%22.66%23.25%16.01%8.79%
Monthly returns for the configured portfolios
YearMonthPortfolio 1Vanguard Wellesley Income AdmiralVanguard GNMA Adm (VFIJX)Fidelity Total Bond Fund (FTBFX)Vanguard High-Yield Tax-Exempt (VWAHX)Vanguard Wellesley Income Admiral (VWIAX)Fidelity Telecom and Utilities (FIUIX)iShares Core Dividend Growth ETF (DGRO)SPDR SSGA US Large Cap Low Volatil ETF (LGLV)T. Rowe Price Emerging Mkts Corp Bd (TRECX)Vanguard Total Intl Bd Idx Admiral (VTABX)Vanguard Global Minimum Volatility Admr (VMNVX)BlackRock MuniAssets Fund (MUA)Fidelity Series Real Estate Income (FSREX)SPDR Portfolio TIPS ETF (SPIP)
ReturnBalanceReturnBalance
201810.33%$10,0330.57%$10,057-1.10%-0.72%-1.17%0.57%0.42%4.80%3.24%0.22%-0.46%1.81%-5.73%-1.28%-0.82%
20182-1.96%$9,837-2.73%$9,783-0.63%-0.94%-0.42%-2.73%-5.18%-3.87%-2.94%-1.07%0.31%-3.23%-2.25%-1.21%-1.04%
201830.12%$9,849-0.27%$9,7560.64%0.51%0.59%-0.27%3.58%-2.70%-0.37%-0.51%1.07%0.71%-1.07%0.75%1.01%
20184-0.32%$9,817-0.49%$9,708-0.43%-0.64%-0.31%-0.49%1.03%-0.06%-1.02%-0.53%-0.11%0.86%-1.60%0.19%-0.11%
201850.62%$9,8780.67%$9,7730.74%0.42%1.31%0.67%-0.40%1.59%0.64%-1.09%0.04%1.44%0.49%1.58%0.21%
201860.56%$9,9340.16%$9,7890.05%0.04%0.13%0.16%4.13%0.15%1.00%-0.71%0.46%1.27%0.42%1.40%0.70%
201871.56%$10,0892.06%$9,991-0.04%0.24%0.23%2.06%0.37%5.13%4.36%1.87%-0.05%2.48%0.57%0.73%-0.52%
201881.20%$10,2110.56%$10,0470.45%0.43%0.32%0.56%3.28%2.80%3.07%-0.86%0.09%1.58%1.93%1.37%0.67%
20189-0.17%$10,194-0.21%$10,026-0.54%-0.35%-0.67%-0.21%0.55%0.64%0.58%1.34%-0.27%0.07%-3.17%-0.40%-1.03%
201810-1.98%$9,992-2.28%$9,797-0.64%-0.92%-0.85%-2.28%-0.24%-5.37%-3.62%-0.88%0.27%-4.86%-2.04%-0.83%-1.62%
2018111.54%$10,1461.65%$9,9580.86%0.18%0.95%1.65%1.52%3.74%3.60%-0.36%0.46%2.39%2.49%0.47%0.48%
201812-2.14%$9,928-2.08%$9,7511.65%1.10%1.23%-2.08%-5.30%-8.25%-7.53%1.04%1.09%-5.80%0.13%-2.02%0.57%
201913.42%$10,2683.23%$10,0660.84%1.74%0.68%3.23%3.42%6.24%6.33%3.12%1.11%5.65%7.81%4.10%1.48%
201921.59%$10,4311.52%$10,219-0.03%0.25%0.64%1.52%2.68%3.77%4.44%0.99%0.17%2.14%2.20%0.94%-0.15%
201931.95%$10,6351.87%$10,4111.14%1.82%2.09%1.87%2.45%1.07%1.93%1.20%1.78%2.17%5.95%1.84%1.96%
201941.34%$10,7771.10%$10,525-0.03%0.36%0.56%1.10%0.90%3.76%3.98%0.61%0.09%1.94%1.51%0.64%0.22%
20195-0.44%$10,731-0.63%$10,4591.22%1.30%1.61%-0.63%-2.95%-5.77%-1.50%0.42%1.17%-1.47%1.57%0.73%1.89%
201963.07%$11,0603.15%$10,7880.74%1.38%0.45%3.15%5.42%6.96%5.25%2.28%1.65%3.68%4.72%1.71%0.73%
201970.64%$11,1310.46%$10,8390.34%0.34%0.80%0.46%0.39%1.41%1.63%0.96%1.36%1.23%-3.27%1.08%0.37%
201981.25%$11,2701.68%$11,0211.09%2.10%1.99%1.68%2.85%-1.37%1.11%0.30%2.07%0.66%0.94%1.16%2.55%
201990.81%$11,3610.63%$11,0900.03%-0.41%-0.66%0.63%4.34%3.09%1.20%0.52%-0.47%1.48%1.01%1.16%-1.21%
2019100.38%$11,4050.64%$11,1610.31%0.42%0.02%0.64%-0.44%1.97%-0.19%0.73%-0.55%0.03%0.40%0.98%-0.03%
2019110.47%$11,4580.60%$11,2280.11%-0.05%0.26%0.60%-1.31%3.38%1.82%0.27%-0.30%1.87%-3.94%-0.18%0.14%
2019121.08%$11,5821.15%$11,3570.03%0.24%0.42%1.15%2.65%2.54%1.44%0.92%-0.43%1.40%2.80%0.84%0.56%

Holdings Based Style Analysis for Portfolio 1

Holdings Based Style Analysis for Portfolio 1
TickerNameCategoryWeightYieldExpense RatioP/EDurationContribution
SECTTMNetGrossReturnRisk
VFIJXVanguard GNMA AdmIntermediate Government10.00%1.67%1.17%0.11%0.11%5.05$68.631.28%
FTBFXFidelity Total Bond FundIntermediate Core-Plus Bond10.00%3.34%2.49%0.45%0.45%6.30$91.223.32%
VWAHXVanguard High-Yield Tax-ExemptMuni National Long5.00%3.33%3.13%0.17%0.17%5.64$52.000.98%
VWIAXVanguard Wellesley Income Admiral30% to 50% Equity15.00%3.04%2.62%0.16%0.16%17.897.63$20816.27%
FIUIXFidelity Telecom and UtilitiesUtilities5.00%2.31%2.21%0.60%0.60%21.20$1267.58%
DGROiShares Core Dividend Growth ETFLarge Value10.00%2.04%2.12%0.08%0.08%17.98$27324.26%
LGLVSPDR SSGA US Large Cap Low Volatil ETFLarge Blend10.00%1.63%1.63%0.12%0.12%23.35$30920.89%
TRECXT. Rowe Price Emerging Mkts Corp BdEmerging Markets Bond5.00%4.79%4.01%0.88%0.93%5.52$56.562.34%
VTABXVanguard Total Intl Bd Idx AdmiralGlobal Bond-USD Hedged10.00%1.44%3.24%0.11%0.11%8.17$1071.28%
VMNVXVanguard Global Minimum Volatility AdmrGlobal Large-Stock Blend5.00%3.66%0.14%0.14%19.28$1048.64%
MUABlackRock MuniAssets FundHigh Yield Muni5.00%4.63%0.81%0.81%$67.017.69%
FSREXFidelity Series Real Estate IncomeReal Estate5.00%6.34%3.30%22.82$82.813.79%
SPIPSPDR Portfolio TIPS ETFInflation-Protected Bond5.00%-0.06%5.73%0.12%0.12%8.06$35.991.68%
100.00%2.30%2.79%0.26%0.26%19.966.76$1,582100.00%

Asset Allocation

Equity Market Capitalization

Equity Sectors

Fixed Income Credit Quality

Fixed Income Maturity

Fund fundamentals data as of 05/18/2022. (c) 2022 Morningstar. All Rights Reserved. The fund fundamentals information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Portfolio return and risk metrics
MetricPortfolio 1Vanguard Wellesley Income Admiral
Arithmetic Mean (monthly)0.62%0.54%
Arithmetic Mean (annualized)7.74%6.71%
Geometric Mean (monthly)0.61%0.53%
Geometric Mean (annualized)7.62%6.57%
Standard Deviation (monthly)1.38%1.50%
Standard Deviation (annualized)4.78%5.19%
Downside Deviation (monthly)0.73%0.86%
Maximum Drawdown-2.76%-3.46%
Stock Market Correlation0.840.82
Beta(*)0.901.00
Alpha (annualized)1.59%0.00%
R296.28%100.00%
Sharpe Ratio1.150.87
Sortino Ratio1.991.40
Treynor Ratio (%)6.064.51
Active Return1.05%N/A
Tracking Error1.05%N/A
Information Ratio1.00N/A
Skewness-0.29-0.45
Excess Kurtosis0.520.37
Historical Value-at-Risk (5%)-1.98%-2.25%
Analytical Value-at-Risk (5%)-1.56%-1.92%
Conditional Value-at-Risk (5%)-2.06%-2.50%
Upside Capture Ratio (%)100.63100.00
Downside Capture Ratio (%)79.50100.00
Safe Withdrawal Rate51.91%50.94%
Perpetual Withdrawal Rate5.13%4.20%
Positive Periods18 out of 24 (75.00%)17 out of 24 (70.83%)
Gain/Loss Ratio1.051.03
* Vanguard Wellesley Income Admiral is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.

Drawdowns for Portfolio 1

Drawdowns for Portfolio 1
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Sep 2018Dec 20184 monthsJan 20191 month5 months-2.76%
2Feb 2018Apr 20183 monthsJul 20183 months6 months-2.15%
3May 2019May 20191 monthJun 20191 month2 months-0.44%

Drawdowns for Vanguard Wellesley Income Admiral

Drawdowns for Vanguard Wellesley Income Admiral
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Feb 2018Apr 20183 monthsJan 20199 months1 year-3.46%
2May 2019May 20191 monthJun 20191 month2 months-0.63%

Portfolio Assets

Performance statistics for portfolio components
TickerNameCAGRStdevBest YearWorst YearMax DrawdownSharpe RatioSortino RatioMarket Correlation
VFIJXVanguard GNMA Adm3.42%2.36%5.93%0.97%-1.72%0.611.03-0.17
FTBFXFidelity Total Bond Fund4.46%2.93%9.87%-0.67%-1.94%0.841.650.10
VWAHXVanguard High-Yield Tax-Exempt5.16%2.96%9.17%1.29%-1.59%1.062.03-0.11
VWIAXVanguard Wellesley Income Admiral6.57%5.19%16.47%-2.49%-3.46%0.871.400.82
FIUIXFidelity Telecom and Utilities12.28%9.56%22.02%3.32%-5.30%1.061.690.60
DGROiShares Core Dividend Growth ETF12.62%13.54%29.88%-2.35%-9.93%0.801.200.98
LGLVSPDR SSGA US Large Cap Low Volatil ETF14.56%10.70%30.83%0.32%-7.67%1.141.840.91
TRECXT. Rowe Price Emerging Mkts Corp Bd5.45%3.77%13.00%-1.60%-3.85%0.911.800.42
VTABXVanguard Total Intl Bd Idx Admiral5.37%2.71%7.88%2.93%-1.74%1.233.24-0.21
VMNVXVanguard Global Minimum Volatility Admr9.79%8.69%22.66%-1.73%-8.23%0.891.260.93
MUABlackRock MuniAssets Fund5.51%10.83%23.25%-9.68%-11.99%0.370.590.31
FSREXFidelity Series Real Estate Income8.07%4.33%16.01%0.67%-2.78%1.372.620.60
SPIPSPDR Portfolio TIPS ETF3.50%3.60%8.79%-1.53%-2.63%0.420.700.04

Portfolio Asset Performance

Performance of portfolio assets
NameTotal ReturnExpense Ratio
3 MonthYear To Date1 yearNetGross
Vanguard GNMA Adm0.45%5.93%5.93%0.11%0.11%
Fidelity Total Bond Fund0.61%9.87%9.87%0.45%0.45%
Vanguard High-Yield Tax-Exempt0.70%9.17%9.17%0.17%0.17%
Vanguard Wellesley Income Admiral2.41%16.47%16.47%0.16%0.16%
Fidelity Telecom and Utilities0.86%22.02%22.02%0.60%0.60%
iShares Core Dividend Growth ETF8.09%29.88%29.88%0.08%0.08%
SPDR SSGA US Large Cap Low Volatil ETF3.09%30.83%30.83%0.12%0.12%
T. Rowe Price Emerging Mkts Corp Bd1.92%13.00%13.00%0.88%0.93%
Vanguard Total Intl Bd Idx Admiral-1.28%7.88%7.88%0.11%0.11%
Vanguard Global Minimum Volatility Admr3.33%22.66%22.66%0.14%0.14%
BlackRock MuniAssets Fund-0.85%23.25%23.25%0.81%0.81%
Fidelity Series Real Estate Income1.65%16.01%16.01%
SPDR Portfolio TIPS ETF0.68%8.79%8.79%0.12%0.12%
Trailing returns as of last calendar month ending December 2019

Monthly Correlations

Correlations for the portfolio assets
TickerNameVFIJXFTBFXVWAHXVWIAXFIUIXDGROLGLVTRECXVTABXVMNVXMUAFSREXSPIPPortfolio 1Vanguard Wellesley Income Admiral
VFIJXVanguard GNMA Adm1.000.860.880.270.02-0.20-0.080.260.690.030.600.380.790.260.27
FTBFXFidelity Total Bond Fund0.861.000.850.550.240.050.220.520.770.290.700.570.900.530.55
VWAHXVanguard High-Yield Tax-Exempt0.880.851.000.330.01-0.150.040.170.720.120.550.400.860.310.33
VWIAXVanguard Wellesley Income Admiral0.270.550.331.000.690.840.890.630.200.910.620.760.430.981.00
FIUIXFidelity Telecom and Utilities0.020.240.010.691.000.610.680.230.130.720.450.680.230.740.69
DGROiShares Core Dividend Growth ETF-0.200.05-0.150.840.611.000.930.45-0.250.900.290.54-0.050.840.84
LGLVSPDR SSGA US Large Cap Low Volatil ETF-0.080.220.040.890.680.931.000.46-0.020.940.410.670.170.920.89
TRECXT. Rowe Price Emerging Mkts Corp Bd0.260.520.170.630.230.450.461.000.260.440.490.410.230.580.63
VTABXVanguard Total Intl Bd Idx Admiral0.690.770.720.200.13-0.25-0.020.261.000.010.430.310.740.220.20
VMNVXVanguard Global Minimum Volatility Admr0.030.290.120.910.720.900.940.440.011.000.440.760.290.930.91
MUABlackRock MuniAssets Fund0.600.700.550.620.450.290.410.490.430.441.000.740.570.670.62
FSREXFidelity Series Real Estate Income0.380.570.400.760.680.540.670.410.310.760.741.000.530.820.76
SPIPSPDR Portfolio TIPS ETF0.790.900.860.430.23-0.050.170.230.740.290.570.531.000.440.43

Portfolio Return Decomposition

Portfolio return decomposition
TickerNamePortfolio 1
VFIJXVanguard GNMA Adm$68.63
FTBFXFidelity Total Bond Fund$91.22
VWAHXVanguard High-Yield Tax-Exempt$52.00
VWIAXVanguard Wellesley Income Admiral$208
FIUIXFidelity Telecom and Utilities$126
DGROiShares Core Dividend Growth ETF$273
LGLVSPDR SSGA US Large Cap Low Volatil ETF$309
TRECXT. Rowe Price Emerging Mkts Corp Bd$56.56
VTABXVanguard Total Intl Bd Idx Admiral$107
VMNVXVanguard Global Minimum Volatility Admr$104
MUABlackRock MuniAssets Fund$67.01
FSREXFidelity Series Real Estate Income$82.81
SPIPSPDR Portfolio TIPS ETF$35.99
Return attribution decomposes portfolio gains into its constituent parts and identifies the contribution to returns by each of the assets.

Portfolio Risk Decomposition

Portfolio risk decomposition
TickerNamePortfolio 1
VFIJXVanguard GNMA Adm1.28%
FTBFXFidelity Total Bond Fund3.32%
VWAHXVanguard High-Yield Tax-Exempt0.98%
VWIAXVanguard Wellesley Income Admiral16.27%
FIUIXFidelity Telecom and Utilities7.58%
DGROiShares Core Dividend Growth ETF24.26%
LGLVSPDR SSGA US Large Cap Low Volatil ETF20.89%
TRECXT. Rowe Price Emerging Mkts Corp Bd2.34%
VTABXVanguard Total Intl Bd Idx Admiral1.28%
VMNVXVanguard Global Minimum Volatility Admr8.64%
MUABlackRock MuniAssets Fund7.69%
FSREXFidelity Series Real Estate Income3.79%
SPIPSPDR Portfolio TIPS ETF1.68%
Risk attribution decomposes portfolio risk into its constituent parts and identifies the contribution to overall volatility by each of the assets.

Annual Asset Returns