All Weather Portfolio Backtest

Historical backtest of the retail All Seasons approximation of Ray Dalio's All Weather: 30% stocks (VTI), 40% long Treasuries (TLT), 15% intermediate Treasuries (IEF), 7.5% gold (GLD), 7.5% commodities (DBC), rebalanced annually.

Backtest window: 2006-02-03 to 2026-06-05. Results as of 2026-06-05.

Assumptions

Results

Portfolio CAGR Max drawdown Volatility Sharpe Sortino Calmar
All Seasons (VTI/TLT/IEF/GLD/DBC) 6.6% -24.0% 8.1% 0.62 0.88 0.27

Growth of $10,000

Run it yourself

Open this exact allocation in the live Portfolio Backtest tool to change the date range, add cash flows, compare against other portfolios, or switch on tax-aware mode. Free to run, no sign-up required.

Open All Seasons (VTI/TLT/IEF/GLD/DBC) in the backtester

Back to all portfolio backtests

Historical simulation computed by the ArthaPilot backtest engine with total-return (dividends reinvested) prices and annual rebalancing, before taxes and fees. Past performance does not predict future results. This page is educational and is not investment, tax, or legal advice.