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 Assets 
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Asset 2
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Asset 3
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Asset 4
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Asset 5
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Asset 6
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Asset 8
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Asset 9
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Asset 10
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Asset 11
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Asset 12
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Portfolio Analysis Results (Jan 2014 - Dec 2021)

Portfolio Allocations

Portfolio 1
Ticker Name Allocation
VTI Vanguard Total Stock Market ETF 22.15%
VXUS Vanguard Total International Stock ETF 14.76%
BND Vanguard Total Bond Market ETF 14.35%
VTIFX Vanguard Total Intl Bd Idx Institutional 12.30%
VFIDX Vanguard Interm-Term Investment-Grde Adm 8.61%
VFSUX Vanguard Short-Term Investment-Grade Adm 3.23%
VWUAX Vanguard US Growth Admiral 5.17%
VWNAX Vanguard Windsor II Admiral 5.17%
VSEQX Vanguard Strategic Equity Inv 2.21%
VEXRX Vanguard Explorer Adm 2.21%
VWILX Vanguard International Growth Adm 4.92%
VVIAX Vanguard Value Index Adm 4.92%
Save portfolio »
Portfolio 2
Ticker Name Allocation
PRWCX T. Rowe Price Capital Appreciation 100.00%
Save portfolio »
Portfolio 3
Ticker Name Allocation
VWELX Vanguard Wellington Inv 100.00%
Save portfolio »

Portfolio Returns

Portfolio performance statistics
PortfolioInitial BalanceFinal BalanceCAGRStdevBest YearWorst YearMax. DrawdownSharpe RatioSortino RatioMarket Correlation
Portfolio 1$10,000$19,793 8.91% 8.90%20.68%-4.55%-13.24% 0.921.460.98
Portfolio 2$10,000$25,945 12.66% 9.28%24.61%0.62%-13.72% 1.262.250.96
Portfolio 3$10,000$21,794 10.23% 8.99%22.51%-3.42%-14.09% 1.051.690.97
Vanguard Wellesley Income Inv$10,000$17,394 7.16% 5.71%16.39%-2.57%-8.59% 1.111.880.86
   

Trailing Returns

Trailing Returns
NameTotal ReturnAnnualized ReturnAnnualized Standard Deviation
3 MonthYear To Date1 year3 year5 yearFull3 year5 year
Portfolio 13.66%10.83%10.83%16.01%11.63%8.91%11.43%9.91%
Portfolio 26.01%18.53%18.53%20.40%15.17%12.66%12.13%10.40%
Portfolio 37.10%19.01%19.01%17.26%12.31%10.23%11.36%9.94%
Vanguard Wellesley Income Inv3.01%8.50%8.50%11.05%8.02%7.16%7.41%6.36%
Trailing return and volatility are as of last full calendar month ending December 2021
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 1Portfolio 2Portfolio 3Vanguard Wellesley Income InvVanguard Total Stock Market ETF (VTI)Vanguard Total International Stock ETF (VXUS)Vanguard Total Bond Market ETF (BND)Vanguard Total Intl Bd Idx Institutional (VTIFX)Vanguard Interm-Term Investment-Grde Adm (VFIDX)Vanguard Short-Term Investment-Grade Adm (VFSUX)Vanguard US Growth Admiral (VWUAX)Vanguard Windsor II Admiral (VWNAX)Vanguard Strategic Equity Inv (VSEQX)Vanguard Explorer Adm (VEXRX)Vanguard International Growth Adm (VWILX)Vanguard Value Index Adm (VVIAX)T. Rowe Price Capital Appreciation (PRWCX)Vanguard Wellington Inv (VWELX)
ReturnBalanceReturnBalanceReturnBalanceReturnBalance
20140.76%6.61%$10,66112.25%$11,2259.82%$10,9828.07%$10,80712.54%-4.74%5.82%8.91%5.91%1.86%13.20%11.26%13.68%4.08%-5.51%13.18%12.25%9.82%
20150.73%-0.05%$10,6565.42%$11,8340.06%$10,9881.28%$10,9440.36%-4.19%0.56%1.14%1.63%1.13%8.61%-3.14%-1.41%-4.22%-0.54%-0.86%5.42%0.06%
20162.07%7.18%$11,4218.22%$12,80611.01%$12,1998.08%$11,82912.83%4.81%2.52%4.69%3.93%2.82%-0.59%13.49%17.92%12.47%1.84%16.86%8.22%11.01%
20172.11%16.30%$13,28215.38%$14,77514.72%$13,99510.20%$13,03521.21%27.45%3.57%2.46%4.26%2.12%31.74%16.89%13.78%23.10%43.16%17.13%15.38%14.72%
20181.91%-4.55%$12,6770.62%$14,866-3.42%$13,516-2.57%$12,700-5.21%-14.43%-0.12%2.96%-0.47%0.96%0.75%-8.53%-11.91%-2.39%-12.58%-5.43%0.62%-3.42%
20192.29%20.68%$15,29924.61%$18,52522.51%$16,55816.39%$14,78130.67%21.75%8.83%7.89%10.49%5.84%33.51%29.16%26.75%31.40%31.48%25.82%24.61%22.51%
20201.36%16.74%$17,85918.16%$21,88910.60%$18,3138.45%$16,03121.03%10.69%7.71%4.59%10.42%5.25%58.74%14.53%10.27%31.48%59.74%2.29%18.16%10.60%
20217.04%10.83%$19,79318.53%$25,94519.01%$21,7948.50%$17,39425.67%9.00%-1.86%-2.19%-1.14%-0.33%12.45%29.08%30.86%16.37%-0.74%26.49%18.53%19.01%
Monthly returns for the configured portfolios
YearMonthPortfolio 1Portfolio 2Portfolio 3Vanguard Wellesley Income InvVanguard Total Stock Market ETF (VTI)Vanguard Total International Stock ETF (VXUS)Vanguard Total Bond Market ETF (BND)Vanguard Total Intl Bd Idx Institutional (VTIFX)Vanguard Interm-Term Investment-Grde Adm (VFIDX)Vanguard Short-Term Investment-Grade Adm (VFSUX)Vanguard US Growth Admiral (VWUAX)Vanguard Windsor II Admiral (VWNAX)Vanguard Strategic Equity Inv (VSEQX)Vanguard Explorer Adm (VEXRX)Vanguard International Growth Adm (VWILX)Vanguard Value Index Adm (VVIAX)T. Rowe Price Capital Appreciation (PRWCX)Vanguard Wellington Inv (VWELX)
ReturnBalanceReturnBalanceReturnBalanceReturnBalance
20141-1.81%$9,819-0.94%$9,906-1.53%$9,847-0.36%$9,964-3.17%-5.40%1.55%1.50%1.74%0.55%-2.81%-3.46%-2.03%-2.61%-5.63%-3.59%-0.94%-1.53%
201423.31%$10,1453.46%$10,2493.00%$10,1422.06%$10,1694.87%5.59%0.47%0.43%0.67%0.34%6.76%4.53%6.02%4.83%5.37%3.94%3.46%3.00%
201430.24%$10,1690.34%$10,2840.92%$10,2360.92%$10,2630.51%0.49%-0.17%0.26%-0.04%-0.08%-2.96%1.99%0.71%-1.22%-0.18%2.62%0.34%0.92%
201440.43%$10,2130.68%$10,3551.09%$10,3471.19%$10,3840.06%1.26%0.80%0.64%0.88%0.36%-0.95%0.74%-0.89%-3.65%0.39%0.89%0.68%1.09%
201451.60%$10,3762.03%$10,5651.46%$10,4981.21%$10,5102.10%1.93%1.05%0.85%1.19%0.45%3.35%1.94%2.03%0.62%1.55%1.43%2.03%1.46%
201461.50%$10,5321.25%$10,6981.40%$10,6450.78%$10,5922.62%1.89%0.08%0.55%0.06%0.07%2.56%1.85%3.34%4.74%1.16%1.91%1.25%1.40%
20147-1.20%$10,406-1.31%$10,557-1.03%$10,536-1.00%$10,486-1.99%-1.73%-0.28%0.60%-0.14%-0.11%-1.67%-2.07%-2.99%-5.32%-1.47%-1.27%-1.31%-1.03%
201482.37%$10,6522.69%$10,8422.46%$10,7951.99%$10,6944.15%1.16%1.14%1.29%1.08%0.26%4.13%3.61%4.78%5.11%1.12%3.50%2.69%2.46%
20149-2.01%$10,439-1.22%$10,709-1.36%$10,648-1.25%$10,560-2.10%-5.01%-0.57%-0.05%-0.94%-0.21%-1.48%-1.63%-3.93%-4.16%-4.56%-1.35%-1.22%-1.36%
2014101.42%$10,5862.80%$11,0091.56%$10,8141.17%$10,6842.75%-0.08%0.72%0.56%0.88%0.35%3.59%1.46%3.31%4.40%0.33%1.90%2.80%1.56%
2014111.41%$10,7352.05%$11,2351.81%$11,0101.31%$10,8242.48%-0.51%0.83%1.12%0.66%0.25%3.33%2.68%2.39%0.90%1.46%2.42%2.05%1.81%
201412-0.69%$10,661-0.09%$11,225-0.25%$10,982-0.16%$10,807-0.04%-3.87%0.06%0.82%-0.25%-0.37%-0.83%-0.58%0.69%1.17%-4.65%0.33%-0.09%-0.25%
20151-0.29%$10,630-0.69%$11,148-1.38%$10,8310.55%$10,866-2.74%0.27%2.40%1.84%2.60%0.82%-1.34%-3.96%-0.81%-3.00%0.22%-4.01%-0.69%-1.38%
201523.26%$10,9773.85%$11,5783.26%$11,1840.82%$10,9545.74%5.78%-1.31%-0.35%-0.76%-0.13%6.90%5.85%4.89%8.07%5.96%5.25%3.85%3.26%
20153-0.46%$10,9260.07%$11,586-0.98%$11,075-0.10%$10,943-1.16%-1.49%0.55%0.67%0.46%0.35%-0.91%-1.69%1.08%1.42%-0.66%-1.58%0.07%-0.98%
201541.02%$11,038-0.33%$11,5481.10%$11,1960.51%$10,9990.62%4.81%-0.32%-0.81%-0.05%0.25%-0.01%1.65%-1.27%-1.62%4.21%1.60%-0.33%1.10%
201550.27%$11,0681.93%$11,7710.33%$11,233-0.12%$10,9861.30%-0.91%-0.50%-0.68%-0.34%-0.02%2.13%1.35%2.04%1.56%-0.07%1.12%1.93%0.33%
20156-1.65%$10,885-1.09%$11,642-1.94%$11,015-2.06%$10,760-1.67%-2.73%-1.11%-1.45%-1.16%-0.30%-0.61%-1.95%-1.85%0.19%-2.84%-2.17%-1.09%-1.94%
201570.88%$10,9812.44%$11,9261.78%$11,2111.23%$10,8921.70%-0.56%0.88%1.25%0.57%0.17%4.03%1.00%0.75%-0.62%-1.08%0.95%2.44%1.78%
20158-4.26%$10,513-3.60%$11,496-4.51%$10,706-2.16%$10,657-6.09%-7.43%-0.25%-0.43%-0.44%-0.19%-6.31%-6.31%-5.99%-6.69%-8.31%-5.82%-3.60%-4.51%
20159-1.72%$10,331-1.53%$11,320-1.35%$10,5610.11%$10,669-2.92%-3.85%0.81%0.60%0.99%0.46%-3.02%-2.94%-2.75%-6.04%-4.06%-2.48%-1.53%-1.35%
2015104.53%$10,7995.65%$11,9605.44%$11,1363.40%$11,0317.91%6.25%0.03%0.58%0.37%0.09%7.91%7.40%5.55%5.13%9.26%7.61%5.65%5.44%
2015110.05%$10,8050.29%$11,9940.08%$11,1440.00%$11,0310.60%-1.32%-0.39%0.24%-0.05%-0.01%0.70%-0.28%1.20%2.24%0.46%0.40%0.29%0.08%
201512-1.38%$10,656-1.34%$11,834-1.40%$10,988-0.79%$10,944-2.13%-2.17%-0.18%-0.28%-0.51%-0.36%-0.32%-2.46%-3.62%-3.91%-2.44%-0.98%-1.34%-1.40%
20161-3.20%$10,315-2.83%$11,498-2.77%$10,684-0.20%$10,922-5.72%-5.45%1.20%1.56%1.08%0.55%-6.71%-5.23%-7.81%-9.15%-7.68%-4.75%-2.83%-2.77%
20162-0.17%$10,2970.29%$11,531-0.25%$10,6570.45%$10,971-0.01%-2.46%0.85%1.07%0.65%0.17%-1.31%-0.98%1.19%0.74%-1.66%0.10%0.29%-0.25%
201634.74%$10,7854.71%$12,0755.08%$11,1983.52%$11,3577.11%8.33%0.88%0.78%1.79%1.04%4.86%6.79%7.65%8.01%7.93%6.59%4.71%5.08%
201640.88%$10,8801.13%$12,2121.45%$11,3600.91%$11,4600.66%2.16%0.40%-0.17%0.75%0.45%-0.69%2.62%-0.18%1.42%2.01%1.53%1.13%1.45%
201650.63%$10,9482.01%$12,4570.79%$11,4500.59%$11,5281.73%-0.98%-0.01%0.69%-0.15%0.01%3.09%1.16%1.30%1.45%-0.10%1.13%2.01%0.79%
201660.47%$11,000-0.08%$12,4480.78%$11,5392.18%$11,7790.27%-0.90%2.02%1.87%1.86%0.84%-2.05%-0.85%-0.66%-0.22%-1.36%1.09%-0.08%0.78%
201672.96%$11,3252.31%$12,7362.39%$11,8141.38%$11,9423.98%4.52%0.60%0.88%0.85%0.46%6.16%3.48%6.09%5.75%5.57%2.83%2.31%2.39%
201680.25%$11,3540.11%$12,7500.20%$11,8390.00%$11,9420.21%0.45%-0.31%0.04%-0.05%-0.01%-0.88%1.26%0.07%1.21%2.09%0.65%0.11%0.20%
201690.48%$11,4080.30%$12,788-0.13%$11,823-0.32%$11,9040.21%1.70%0.11%-0.07%0.13%0.12%0.88%-0.65%0.33%1.18%2.82%-0.44%0.30%-0.13%
201610-1.72%$11,212-1.40%$12,608-1.16%$11,686-1.22%$11,758-2.19%-1.91%-0.94%-1.23%-0.56%-0.03%-2.83%-1.44%-3.22%-4.98%-3.06%-1.15%-1.40%-1.16%
2016110.67%$11,2870.71%$12,6982.21%$11,945-0.74%$11,6724.49%-2.01%-2.57%-1.24%-2.57%-0.86%-0.51%5.52%10.33%6.84%-4.03%5.96%0.71%2.21%
2016121.18%$11,4210.85%$12,8062.12%$12,1991.35%$11,8291.98%1.96%0.33%0.44%0.16%0.07%0.05%1.62%2.77%0.81%0.29%2.64%0.85%2.12%
201711.71%$11,6161.79%$13,0360.92%$12,3110.27%$11,8611.86%4.08%0.19%-0.89%0.44%0.35%3.66%1.14%1.36%2.95%7.29%0.63%1.79%0.92%
201722.01%$11,8502.74%$13,3932.66%$12,6391.96%$12,0933.69%1.34%0.62%0.99%0.84%0.35%3.62%3.33%2.35%2.60%0.96%3.62%2.74%2.66%
201730.70%$11,9330.73%$13,491-0.18%$12,617-0.04%$12,0890.06%3.00%-0.04%-0.10%0.05%0.13%1.43%0.31%-0.68%0.54%4.02%-0.98%0.73%-0.18%
201741.29%$12,0871.45%$13,6870.77%$12,7140.70%$12,1731.06%2.05%0.80%0.58%0.97%0.37%3.04%0.35%0.99%1.70%4.26%0.00%1.45%0.77%
201751.35%$12,2501.64%$13,9121.16%$12,8621.15%$12,3131.01%2.96%0.71%0.49%0.76%0.27%2.98%0.40%-1.45%0.24%5.15%0.11%1.64%1.16%
201760.60%$12,3240.49%$13,9800.69%$12,9500.41%$12,3640.95%0.63%0.05%-0.46%-0.16%0.09%0.31%2.10%2.14%2.65%0.58%1.71%0.49%0.69%
201771.75%$12,5400.70%$14,0781.20%$13,1050.88%$12,4731.88%3.37%0.40%0.21%0.86%0.37%3.52%0.32%1.27%1.05%5.38%1.57%0.70%1.20%
201780.53%$12,6060.94%$14,2100.14%$13,1240.53%$12,5390.15%0.54%0.86%0.95%0.75%0.36%1.93%-1.08%-2.10%-0.65%2.38%-0.44%0.94%0.14%
201791.39%$12,7811.00%$14,3522.02%$13,3900.84%$12,6442.44%1.88%-0.47%-0.51%-0.49%-0.14%1.47%3.13%3.81%4.07%2.58%3.01%1.00%2.02%
2017101.46%$12,9681.02%$14,4981.38%$13,5740.90%$12,7582.17%2.03%-0.03%0.77%0.23%0.07%3.07%1.13%2.09%1.76%2.33%1.80%1.02%1.38%
2017111.40%$13,1491.85%$14,7671.83%$13,8221.08%$12,8963.03%0.63%-0.11%0.33%-0.37%-0.12%2.38%2.63%2.61%3.23%0.77%3.53%1.85%1.83%
2017121.01%$13,2820.06%$14,7751.25%$13,9951.08%$13,0351.16%2.07%0.54%0.08%0.33%0.00%0.53%2.04%0.77%0.93%0.97%1.49%0.06%1.25%
201813.24%$13,7133.64%$15,3142.88%$14,3980.56%$13,1085.23%5.72%-1.24%-0.49%-1.18%-0.36%8.40%5.18%4.59%4.78%9.10%4.78%3.64%2.88%
20182-2.76%$13,334-2.76%$14,890-3.58%$13,882-2.73%$12,750-3.76%-5.24%-1.04%0.33%-0.91%-0.28%-1.85%-5.01%-4.17%-1.89%-4.15%-4.36%-2.76%-3.58%
20183-0.64%$13,249-0.35%$14,838-1.10%$13,729-0.27%$12,715-1.95%-0.38%0.69%1.05%0.27%0.13%-1.91%-2.83%0.23%1.33%-1.13%-2.53%-0.35%-1.10%
201840.02%$13,2520.32%$14,8850.29%$13,769-0.50%$12,6520.45%0.46%-0.85%-0.13%-0.79%-0.25%0.31%0.98%-0.64%0.28%-0.22%0.47%0.32%0.29%
201851.13%$13,4020.81%$15,0050.61%$13,8530.65%$12,7342.72%-1.64%0.68%0.06%0.59%0.42%4.48%0.82%4.34%5.95%1.13%0.62%0.81%0.61%
201860.00%$13,4020.97%$15,152-0.14%$13,8330.16%$12,7550.70%-2.14%-0.04%0.46%-0.16%0.04%1.26%0.44%-0.03%0.87%-0.19%0.18%0.97%-0.14%
201871.89%$13,6552.34%$15,5073.37%$14,2992.04%$13,0153.32%2.55%-0.04%-0.03%0.38%0.14%2.19%4.53%1.92%2.13%1.48%4.67%2.34%3.37%
201881.30%$13,8332.39%$15,8781.13%$14,4610.57%$13,0893.43%-2.40%0.67%0.06%0.70%0.53%4.88%1.74%4.80%7.35%-1.52%1.96%2.39%1.13%
20189-0.12%$13,816-0.07%$15,8670.26%$14,498-0.23%$13,0590.20%0.21%-0.55%-0.21%-0.47%-0.05%0.20%0.60%-1.51%-0.92%-1.44%0.57%-0.07%0.26%
201810-5.23%$13,094-3.98%$15,235-3.93%$13,928-2.27%$12,762-7.41%-8.56%-0.86%0.22%-0.56%-0.13%-9.25%-6.03%-10.56%-11.17%-10.65%-4.98%-3.98%-3.93%
2018111.40%$13,2782.26%$15,5802.02%$14,2101.63%$12,9702.01%1.68%0.64%0.46%0.19%0.06%2.68%1.19%0.30%1.90%2.47%3.39%2.26%2.02%
201812-4.52%$12,677-4.58%$14,866-4.88%$13,516-2.08%$12,700-9.16%-4.93%1.87%1.16%1.50%0.74%-9.10%-9.42%-10.35%-11.08%-6.89%-9.33%-4.58%-4.88%
201915.65%$13,3947.09%$15,9204.42%$14,1133.23%$13,1108.54%7.67%1.11%1.08%1.67%0.82%9.47%8.01%11.30%11.37%8.44%7.02%7.09%4.42%
201922.11%$13,6772.46%$16,3122.45%$14,4591.51%$13,3083.56%1.63%-0.09%0.18%0.26%0.42%4.44%2.95%4.90%6.34%4.27%2.91%2.46%2.45%
201931.30%$13,8551.99%$16,6371.56%$14,6841.88%$13,5581.42%0.77%1.94%1.80%1.97%0.92%1.66%0.68%-0.85%-0.74%1.63%0.57%1.99%1.56%
201942.44%$14,1932.43%$17,0412.42%$15,0391.08%$13,7043.93%2.77%-0.02%0.09%0.38%0.35%4.78%4.43%3.05%4.01%4.49%3.38%2.43%2.42%
20195-3.66%$13,673-2.14%$16,676-2.83%$14,614-0.65%$13,615-6.45%-5.42%1.83%1.17%1.52%0.74%-6.07%-7.20%-7.53%-7.10%-8.68%-6.33%-2.14%-2.83%
201964.87%$14,3394.67%$17,4554.39%$15,2553.14%$14,0437.08%5.77%1.25%1.63%1.70%0.82%7.37%7.19%6.81%7.83%8.18%7.17%4.67%4.39%
201970.40%$14,3960.61%$17,5621.14%$15,4290.49%$14,1121.41%-1.99%0.15%1.38%0.17%0.15%1.26%1.47%1.22%1.55%-1.63%0.76%0.61%1.14%
20198-0.67%$14,300-0.35%$17,5000.38%$15,4881.68%$14,349-2.08%-2.17%2.77%2.08%2.27%0.89%-1.67%-2.92%-3.12%-3.82%-2.60%-2.91%-0.35%0.38%
201990.98%$14,4400.32%$17,5561.63%$15,7400.59%$14,4341.78%2.73%-0.57%-0.48%-0.54%-0.05%-1.20%3.10%1.56%0.27%1.21%3.38%0.32%1.63%
2019101.67%$14,6811.15%$17,7581.42%$15,9630.63%$14,5252.11%3.43%0.31%-0.56%0.55%0.33%2.54%2.47%1.54%1.45%4.32%1.86%1.15%1.42%
2019112.07%$14,9852.43%$18,1891.67%$16,2300.62%$14,6153.79%0.99%-0.04%-0.26%-0.06%0.05%5.13%3.77%4.20%5.84%3.67%3.43%2.43%1.67%
2019122.09%$15,2991.84%$18,5252.02%$16,5581.14%$14,7812.80%4.38%-0.07%-0.45%0.15%0.25%2.51%2.85%2.09%2.02%5.67%2.73%1.84%2.02%
202010.09%$15,3122.02%$18,8990.35%$16,6151.28%$14,971-0.06%-3.39%1.98%1.97%2.03%0.88%4.43%-1.53%-2.00%-1.65%-1.50%-2.52%2.02%0.35%
20202-4.01%$14,697-4.90%$17,973-5.33%$15,730-2.46%$14,603-8.00%-6.60%1.67%0.68%1.39%0.76%-5.77%-8.61%-10.04%-7.38%-3.77%-9.83%-4.90%-5.33%
20203-9.61%$13,285-9.28%$16,306-9.25%$14,274-6.28%$13,685-13.91%-16.26%-1.43%-2.44%-3.80%-3.10%-10.55%-16.29%-22.80%-19.56%-10.87%-14.64%-9.28%-9.25%
202047.78%$14,3199.68%$17,8847.98%$15,4135.70%$14,46513.13%7.60%2.76%1.53%3.48%2.41%17.09%12.84%15.16%16.69%11.26%10.70%9.68%7.98%
202053.79%$14,8623.62%$18,5312.82%$15,8482.11%$14,7715.40%5.01%0.67%0.17%2.10%1.33%8.97%4.21%7.06%10.45%9.24%2.83%3.62%2.82%
202062.39%$15,2180.10%$18,5490.86%$15,9840.47%$14,8402.29%4.24%0.67%0.49%1.57%1.03%6.37%1.71%1.43%3.03%9.44%-0.97%0.10%0.86%
202074.00%$15,8265.12%$19,4984.60%$16,7192.81%$15,2585.74%4.15%1.45%1.07%1.83%0.75%8.78%5.25%6.04%5.70%8.71%3.60%5.12%4.60%
202083.75%$16,4192.10%$19,9083.29%$17,2690.22%$15,2917.10%4.43%-0.94%-0.75%-0.26%0.19%11.49%5.69%3.58%3.76%8.85%4.24%2.10%3.29%
20209-1.75%$16,132-1.34%$19,641-1.97%$16,929-0.70%$15,183-3.54%-1.82%-0.10%0.83%-0.08%-0.01%-4.57%-3.08%-3.04%-2.72%-1.74%-2.20%-1.34%-1.97%
202010-1.12%$15,9520.51%$19,741-1.49%$16,676-1.27%$14,990-1.95%-2.30%-0.56%0.40%-0.18%0.08%-3.58%-0.64%0.76%1.88%-0.45%-2.06%0.51%-1.49%
2020118.19%$17,2588.27%$21,3737.46%$17,9205.72%$15,84711.80%12.62%1.21%0.25%1.43%0.54%13.43%13.32%13.06%14.82%15.33%12.86%8.27%7.46%
2020123.48%$17,8592.41%$21,8892.20%$18,3131.16%$16,0314.68%5.86%0.15%0.38%0.63%0.36%4.97%4.72%6.79%8.26%6.49%3.60%2.41%2.20%
202110.01%$17,861-1.93%$21,465-1.15%$18,103-1.27%$15,828-0.33%0.25%-0.86%-0.46%-0.58%0.06%0.25%-0.25%3.15%1.65%4.17%-0.80%-1.93%-1.15%
202121.28%$18,0882.27%$21,9531.51%$18,3750.64%$15,9293.14%2.30%-1.55%-1.85%-1.45%-0.21%1.47%6.32%6.40%5.14%-1.78%5.06%2.27%1.51%
202131.16%$18,2983.77%$22,7813.19%$18,9611.69%$16,1993.65%1.87%-1.27%-0.01%-1.53%-0.31%-2.95%4.96%4.05%-0.21%-3.26%6.49%3.77%3.19%
202143.02%$18,8504.59%$23,8274.16%$19,7502.00%$16,5245.04%2.78%0.87%-0.19%1.20%0.42%6.95%4.66%5.05%4.80%4.35%3.53%4.59%4.16%
202150.73%$18,9870.19%$23,8710.82%$19,9121.41%$16,7570.46%3.07%0.15%-0.28%0.69%0.32%-2.71%1.92%1.66%-1.71%-0.43%2.87%0.19%0.82%
202161.42%$19,2560.81%$24,0641.18%$20,1480.51%$16,8432.48%-0.34%0.90%0.75%0.88%-0.05%8.47%0.24%0.54%2.94%3.45%-1.17%0.81%1.18%
202170.84%$19,4182.21%$24,5972.44%$20,6401.29%$17,0611.74%-1.13%1.17%1.53%1.27%0.41%1.50%1.50%0.02%0.79%-1.58%0.99%2.21%2.44%
202181.48%$19,7041.85%$25,0521.94%$21,0400.94%$17,2212.86%1.46%-0.19%-0.42%-0.29%-0.04%3.02%1.99%3.04%2.12%3.36%2.12%1.85%1.94%
20219-3.09%$19,095-2.31%$24,475-3.28%$20,350-1.94%$16,886-4.46%-3.45%-1.01%-1.04%-0.88%-0.22%-5.71%-3.52%-3.74%-3.67%-5.68%-3.96%-2.31%-3.28%
2021103.34%$19,7334.67%$25,6174.20%$21,2041.94%$17,2156.69%2.88%0.07%-0.55%-0.60%-0.50%7.28%6.00%4.95%5.05%3.74%5.47%4.67%4.20%
202111-1.67%$19,404-1.68%$25,187-0.99%$20,995-1.17%$17,013-1.46%-4.26%0.20%1.12%-0.10%-0.23%-2.02%-2.50%-3.05%-3.30%-5.04%-3.03%-1.68%-0.99%
2021122.00%$19,7933.01%$25,9453.81%$21,7942.24%$17,3943.79%3.58%-0.31%-0.77%0.30%0.04%-2.61%5.06%5.73%2.17%-1.29%6.90%3.01%3.81%

Returns Based Style Analysis

Returns Based Style Analysis
Style CategoryPortfolio 1Portfolio 2Portfolio 3Vanguard Wellesley Income Inv
Large-cap Value7.70%28.13%38.01%29.05%
Large-cap Growth22.30%24.83%22.20%3.09%
Mid-cap Value0.23%0.00%0.00%0.00%
Mid-cap Growth7.60%11.95%0.00%0.00%
Small-cap Value3.93%0.00%0.00%0.00%
Small-cap Growth0.60%0.00%0.00%0.00%
Global ex-US Developed Markets14.02%0.00%4.66%4.23%
Emerging Markets5.60%0.00%0.00%0.00%
Corporate Bonds17.79%12.85%11.02%26.33%
Long-Term Treasuries0.00%2.35%4.75%4.46%
Intermediate-Term Treasuries0.00%9.78%0.00%17.15%
Short-Term Treasuries20.23%10.11%19.37%15.69%
R Squared99.44%93.74%97.77%96.09%
Style analysis is based on monthly returns from January 2014 to December 2021 and uses total portfolio return with monthly rebalancing. Returns based style analysis aims to explain the portfolio returns based on asset class exposures, it does not identify the actual portfolio holdings.

Holdings Based Style Analysis for Portfolio 1

Holdings Based Style Analysis for Portfolio 1
TickerNameCategoryWeightYieldExpense RatioP/EDurationContribution
SECTTMNetGrossReturnRisk
VTIVanguard Total Stock Market ETFLarge Blend22.15%1.39%1.61%0.03%0.03%19.20$3,56234.49%
VXUSVanguard Total International Stock ETFForeign Large Blend14.76%3.87%0.07%0.07%12.52$1,00521.80%
BNDVanguard Total Bond Market ETFIntermediate Core Bond14.35%3.39%2.17%0.03%0.03%6.75$4691.03%
VTIFXVanguard Total Intl Bd Idx InstitutionalGlobal Bond-USD Hedged12.30%2.15%3.38%0.07%0.07%7.85$4300.57%
VFIDXVanguard Interm-Term Investment-Grde AdmCorporate Bond8.61%4.50%2.81%0.10%0.10%6.44$3731.44%
VFSUXVanguard Short-Term Investment-Grade AdmShort-Term Bond3.23%3.78%1.79%0.10%0.10%2.77$79.530.35%
VWUAXVanguard US Growth AdmiralLarge Growth5.17%0.38%0.11%0.28%0.28%31.19$1,1048.64%
VWNAXVanguard Windsor II AdmiralLarge Value5.17%1.25%1.48%0.26%0.26%17.67$7318.15%
VSEQXVanguard Strategic Equity InvMid-Cap Blend2.21%1.21%1.34%0.17%0.17%12.96$3004.02%
VEXRXVanguard Explorer AdmSmall Growth2.21%0.26%0.41%0.29%0.29%20.05$3394.11%
VWILXVanguard International Growth AdmForeign Large Growth4.92%1.33%0.32%0.32%19.92$7808.31%
VVIAXVanguard Value Index AdmLarge Value4.92%2.27%2.52%0.05%0.05%15.97$6217.08%
100.00%1.80%2.27%0.10%0.10%18.086.70$9,793100.00%

Asset Allocation

Equity Market Capitalization

Equity Sectors

Fixed Income Credit Quality

Fixed Income Maturity

Holdings Based Style Analysis for Portfolio 2

Holdings Based Style Analysis for Portfolio 2
TickerNameCategoryWeightTTM YieldExpense RatioP/EDurationContribution
NetGrossReturnRisk
PRWCXT. Rowe Price Capital Appreciation50% to 70% Equity100.00%1.01%0.68%0.70%28.511.91$15,945100.00%

Asset Allocation

Equity Market Capitalization

Equity Sectors

Fixed Income Credit Quality

Fixed Income Maturity

Holdings Based Style Analysis for Portfolio 3

Holdings Based Style Analysis for Portfolio 3
TickerNameCategoryWeightYieldExpense RatioP/EDurationContribution
SECTTMNetGrossReturnRisk
VWELXVanguard Wellington Inv50% to 70% Equity100.00%2.10%1.84%0.24%0.24%21.207.65$11,794100.00%

Asset Allocation

Equity Market Capitalization

Equity Sectors

Fixed Income Credit Quality

Fixed Income Maturity

Fund fundamentals data as of 07/06/2022. (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 1Portfolio 2Portfolio 3Vanguard Wellesley Income Inv
Arithmetic Mean (monthly)0.75%1.03%0.85%0.59%
Arithmetic Mean (annualized)9.33%13.13%10.67%7.34%
Geometric Mean (monthly)0.71%1.00%0.81%0.58%
Geometric Mean (annualized)8.91%12.66%10.23%7.16%
Standard Deviation (monthly)2.57%2.68%2.59%1.65%
Standard Deviation (annualized)8.90%9.28%8.99%5.71%
Downside Deviation (monthly)1.59%1.47%1.58%0.95%
Maximum Drawdown-13.24%-13.72%-14.09%-8.59%
Stock Market Correlation0.980.960.970.86
Beta(*)1.401.481.461.00
Alpha (annualized)-1.02%1.91%-0.16%0.00%
R281.36%82.68%85.68%100.00%
Sharpe Ratio0.921.261.051.11
Sortino Ratio1.462.251.691.88
Treynor Ratio (%)5.877.916.506.38
Calmar Ratio1.211.491.231.29
Active Return1.74%5.49%3.06%N/A
Tracking Error4.48%4.73%4.28%N/A
Information Ratio0.391.160.72N/A
Skewness-0.51-0.17-0.58-0.33
Excess Kurtosis2.952.802.363.67
Historical Value-at-Risk (5%)-3.75%-3.03%-3.67%-2.10%
Analytical Value-at-Risk (5%)-3.49%-3.37%-3.42%-2.12%
Conditional Value-at-Risk (5%)-5.53%-5.27%-5.58%-3.18%
Upside Capture Ratio (%)140.09161.06151.38100.00
Downside Capture Ratio (%)157.86130.30156.56100.00
Safe Withdrawal Rate15.62%17.95%16.48%15.32%
Perpetual Withdrawal Rate6.10%9.23%7.22%4.57%
Positive Periods70 out of 96 (72.92%)70 out of 96 (72.92%)68 out of 96 (70.83%)66 out of 96 (68.75%)
Gain/Loss Ratio0.821.080.971.13
* Vanguard Wellesley Income Inv is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.

Drawdowns for Historical Market Stress Periods

Drawdowns for Historical Market Stress Periods
Stress PeriodStartEndPortfolio 1Portfolio 2Portfolio 3Vanguard Wellesley Income Inv
COVID-19 StartJan 2020Mar 2020-13.24%-13.72%-14.09%-8.59%

Drawdowns for Portfolio 1

Drawdowns for Portfolio 1 (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Feb 2020Mar 20202 monthsJul 20204 months6 months-13.24%
2Sep 2018Dec 20184 monthsMar 20193 months7 months-8.35%
3Jun 2015Feb 20169 monthsJul 20165 months1 year 2 months-6.96%
4May 2019May 20191 monthJun 20191 month2 months-3.66%
5Feb 2018Mar 20182 monthsAug 20185 months7 months-3.38%
6Sep 2021Sep 20211 monthOct 20211 month2 months-3.09%
7Sep 2020Oct 20202 monthsNov 20201 month3 months-2.85%
8Sep 2014Sep 20141 monthNov 20142 months3 months-2.01%
9Jan 2014Jan 20141 monthFeb 20141 month2 months-1.81%
10Oct 2016Oct 20161 monthDec 20162 months3 months-1.72%
Worst 10 drawdowns included above

Drawdowns for Portfolio 2

Drawdowns for Portfolio 2 (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Feb 2020Mar 20202 monthsJul 20204 months6 months-13.72%
2Sep 2018Dec 20184 monthsJan 20191 month5 months-6.37%
3Aug 2015Sep 20152 monthsOct 20151 month3 months-5.08%
4Dec 2015Jan 20162 monthsMar 20162 months4 months-4.14%
5Feb 2018Mar 20182 monthsJul 20184 months6 months-3.10%
6Sep 2021Sep 20211 monthOct 20211 month2 months-2.31%
7May 2019May 20191 monthJun 20191 month2 months-2.14%
8Jan 2021Jan 20211 monthFeb 20211 month2 months-1.93%
9Nov 2021Nov 20211 monthDec 20211 month2 months-1.68%
10Oct 2016Oct 20161 monthDec 20162 months3 months-1.40%
Worst 10 drawdowns included above

Drawdowns for Portfolio 3

Drawdowns for Portfolio 3 (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Feb 2020Mar 20202 monthsJul 20204 months6 months-14.09%
2Oct 2018Dec 20183 monthsMar 20193 months6 months-6.78%
3Jun 2015Sep 20154 monthsApr 20167 months11 months-5.98%
4Feb 2018Mar 20182 monthsAug 20185 months7 months-4.64%
5Sep 2020Oct 20202 monthsNov 20201 month3 months-3.43%
6Sep 2021Sep 20211 monthOct 20211 month2 months-3.28%
7May 2019May 20191 monthJun 20191 month2 months-2.83%
8Dec 2014Jan 20152 monthsFeb 20151 month3 months-1.63%
9Jan 2014Jan 20141 monthFeb 20141 month2 months-1.53%
10Sep 2014Sep 20141 monthOct 20141 month2 months-1.36%
Worst 10 drawdowns included above

Drawdowns for Vanguard Wellesley Income Inv

Drawdowns for Vanguard Wellesley Income Inv (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Feb 2020Mar 20202 monthsJul 20204 months6 months-8.59%
2Feb 2018Apr 20183 monthsJan 20199 months1 year-3.48%
3May 2015Aug 20154 monthsOct 20152 months6 months-3.11%
4Sep 2016Nov 20163 monthsFeb 20173 months6 months-2.26%
5Sep 2020Oct 20202 monthsNov 20201 month3 months-1.97%
6Sep 2021Sep 20211 monthDec 20213 months4 months-1.94%
7Jan 2021Jan 20211 monthMar 20212 months3 months-1.27%
8Sep 2014Sep 20141 monthNov 20142 months3 months-1.25%
9Jul 2014Jul 20141 monthAug 20141 month2 months-1.00%
10Dec 2015Jan 20162 monthsMar 20162 months4 months-0.99%
Worst 10 drawdowns included above

Portfolio Assets

Performance statistics for portfolio components
TickerNameCAGRStdevBest YearWorst YearMax DrawdownSharpe RatioSortino RatioMarket Correlation
VTIVanguard Total Stock Market ETF14.28%14.25%30.67%-5.21%-20.84%0.961.541.00
VXUSVanguard Total International Stock ETF5.48%14.14%27.45%-14.43%-25.54%0.400.580.87
BNDVanguard Total Bond Market ETF3.32%3.33%8.83%-1.86%-3.87%0.791.390.07
VTIFXVanguard Total Intl Bd Idx Institutional3.75%2.97%8.91%-2.19%-2.97%1.021.760.05
VFIDXVanguard Interm-Term Investment-Grde Adm4.30%3.71%10.49%-1.14%-3.80%0.961.640.27
VFSUXVanguard Short-Term Investment-Grade Adm2.44%1.94%5.84%-0.33%-3.10%0.891.350.39
VWUAXVanguard US Growth Admiral18.41%16.47%58.74%-0.59%-15.71%1.072.020.91
VWNAXVanguard Windsor II Admiral12.12%14.84%29.16%-8.53%-24.67%0.801.240.97
VSEQXVanguard Strategic Equity Inv11.70%17.58%30.86%-11.91%-31.94%0.681.000.94
VEXRXVanguard Explorer Adm13.27%18.09%31.48%-4.22%-26.73%0.741.150.93
VWILXVanguard International Growth Adm12.12%16.79%59.74%-12.58%-19.87%0.721.240.83
VVIAXVanguard Value Index Adm11.36%14.03%26.49%-5.43%-24.97%0.791.220.95
PRWCXT. Rowe Price Capital Appreciation12.66%9.28%24.61%0.62%-13.72%1.262.250.96
VWELXVanguard Wellington Inv10.23%8.99%22.51%-3.42%-14.09%1.051.690.97

Portfolio Asset Performance

Performance of portfolio assets
NameTotal ReturnAnnualized ReturnExpense Ratio
3 MonthYear To Date1 year3 year5 yearNetGross
Vanguard Total Stock Market ETF9.11%25.67%25.67%25.73%17.96%0.03%0.03%
Vanguard Total International Stock ETF2.03%9.00%9.00%13.68%9.88%0.07%0.07%
Vanguard Total Bond Market ETF-0.04%-1.86%-1.86%4.78%3.54%0.03%0.03%
Vanguard Total Intl Bd Idx Institutional-0.20%-2.19%-2.19%3.34%3.09%0.07%0.07%
Vanguard Interm-Term Investment-Grde Adm-0.40%-1.14%-1.14%6.44%4.59%0.10%0.10%
Vanguard Short-Term Investment-Grade Adm-0.69%-0.33%-0.33%3.55%2.74%0.10%0.10%
Vanguard US Growth Admiral2.37%12.45%12.45%33.57%25.90%0.28%0.28%
Vanguard Windsor II Admiral8.58%29.08%29.08%24.06%15.35%0.26%0.26%
Vanguard Strategic Equity Inv7.58%30.86%30.86%22.29%12.89%0.17%0.17%
Vanguard Explorer Adm3.79%16.37%16.37%26.21%19.29%0.29%0.29%
Vanguard International Growth Adm-2.76%-0.74%-0.74%27.75%21.14%0.32%0.32%
Vanguard Value Index Adm9.33%26.49%26.49%17.64%12.52%0.05%0.05%
T. Rowe Price Capital Appreciation6.01%18.53%18.53%20.40%15.17%0.68%0.70%
Vanguard Wellington Inv7.10%19.01%19.01%17.26%12.31%0.24%0.24%
Trailing returns as of last calendar month ending December 2021

Monthly Correlations

Correlations for the portfolio assets
TickerNameVTIVXUSBNDVTIFXVFIDXVFSUXVWUAXVWNAXVSEQXVEXRXVWILXVVIAXPRWCXVWELXPortfolio 1Portfolio 2Portfolio 3Vanguard Wellesley Income Inv
VTIVanguard Total Stock Market ETF1.000.870.070.050.270.390.900.970.940.930.830.950.950.970.980.950.970.86
VXUSVanguard Total International Stock ETF0.871.000.100.020.340.460.780.880.830.810.910.860.840.880.940.840.880.82
BNDVanguard Total Bond Market ETF0.070.101.000.800.920.740.19-0.020.040.070.15-0.060.210.150.190.210.150.45
VTIFXVanguard Total Intl Bd Idx Institutional0.050.020.801.000.760.630.11-0.020.050.050.03-0.030.180.130.140.180.130.38
VFIDXVanguard Interm-Term Investment-Grde Adm0.270.340.920.761.000.910.360.200.270.280.350.150.390.340.400.390.340.60
VFSUXVanguard Short-Term Investment-Grade Adm0.390.460.740.630.911.000.420.360.430.430.430.290.480.430.500.480.430.63
VWUAXVanguard US Growth Admiral0.900.780.190.110.360.421.000.820.800.870.880.750.870.840.910.870.840.75
VWNAXVanguard Windsor II Admiral0.970.88-0.02-0.020.200.360.821.000.940.900.790.980.930.960.950.930.960.85
VSEQXVanguard Strategic Equity Inv0.940.830.040.050.270.430.800.941.000.960.750.920.900.900.930.900.900.81
VEXRXVanguard Explorer Adm0.930.810.070.050.280.430.870.900.961.000.800.860.890.860.920.890.860.76
VWILXVanguard International Growth Adm0.830.910.150.030.350.430.880.790.750.801.000.730.780.790.900.780.790.72
VVIAXVanguard Value Index Adm0.950.86-0.06-0.030.150.290.750.980.920.860.731.000.910.950.920.910.950.85
PRWCXT. Rowe Price Capital Appreciation0.950.840.210.180.390.480.870.930.900.890.780.911.000.960.951.000.960.91
VWELXVanguard Wellington Inv0.970.880.150.130.340.430.840.960.900.860.790.950.961.000.960.961.000.93

Portfolio Return Decomposition

Portfolio return decomposition
TickerNamePortfolio 1Portfolio 2Portfolio 3
VTIVanguard Total Stock Market ETF$3,562
VXUSVanguard Total International Stock ETF$1,005
BNDVanguard Total Bond Market ETF$469
VTIFXVanguard Total Intl Bd Idx Institutional$430
VFIDXVanguard Interm-Term Investment-Grde Adm$373
VFSUXVanguard Short-Term Investment-Grade Adm$79.53
VWUAXVanguard US Growth Admiral$1,104
VWNAXVanguard Windsor II Admiral$731
VSEQXVanguard Strategic Equity Inv$300
VEXRXVanguard Explorer Adm$339
VWILXVanguard International Growth Adm$780
VVIAXVanguard Value Index Adm$621
PRWCXT. Rowe Price Capital Appreciation$15,945
VWELXVanguard Wellington Inv$11,794
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 1Portfolio 2Portfolio 3
VTIVanguard Total Stock Market ETF34.49%
VXUSVanguard Total International Stock ETF21.80%
BNDVanguard Total Bond Market ETF1.03%
VTIFXVanguard Total Intl Bd Idx Institutional0.57%
VFIDXVanguard Interm-Term Investment-Grde Adm1.44%
VFSUXVanguard Short-Term Investment-Grade Adm0.35%
VWUAXVanguard US Growth Admiral8.64%
VWNAXVanguard Windsor II Admiral8.15%
VSEQXVanguard Strategic Equity Inv4.02%
VEXRXVanguard Explorer Adm4.11%
VWILXVanguard International Growth Adm8.31%
VVIAXVanguard Value Index Adm7.08%
PRWCXT. Rowe Price Capital Appreciation100.00%
VWELXVanguard Wellington Inv100.00%
Risk attribution decomposes portfolio risk into its constituent parts and identifies the contribution to overall volatility by each of the assets.

Annual Asset Returns

Rolling returns summary
Roll PeriodPortfolio 1Portfolio 2Portfolio 3Vanguard Wellesley Income Inv
AverageHighLowAverageHighLowAverageHighLowAverageHighLow
1 year9.30%37.73%-6.20%12.59%39.71%-1.99%9.90%32.83%-4.71%6.99%18.37%-2.57%
3 years8.49%16.01%3.64%11.57%20.40%6.52%9.24%17.26%4.20%6.71%11.05%4.22%
5 years8.46%11.97%3.99%11.51%15.23%7.07%9.19%12.65%5.21%6.67%8.02%4.57%
7 years9.00%9.32%8.61%12.32%12.84%11.50%9.60%10.29%8.86%6.90%7.20%6.62%