Apr 10, 2007 – Oct 2, 2026, Rebalanced annually, BND sets the start date
| Final balance | CAGR | Max drawdown | Sharpe ratio | |
|---|---|---|---|---|
| Buffett 90/10 | $66,582 | +10.22% | −50.15% | 0.65 |
| 60/40 | $45,070 | +8.04% | −33.93% | 0.73 |
Growth of $10,000
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Key metrics
| Return | Buffett 90/10 | 60/40 |
|---|---|---|
| Final balance | $66,582 | $45,070 |
| Total return | +565.82% | +350.70% |
| CAGR | +10.22% | +8.04% |
| Calendar years | Buffett 90/10 | 60/40 |
|---|---|---|
| Best year | +29.10% | +21.93% |
| Worst year | −32.45% | −19.45% |
| Positive years | 15 of 18 | 15 of 18 |
| Risk | Buffett 90/10 | 60/40 |
|---|---|---|
| Max drawdown | −50.15% | −33.93% |
| Longest drawdown | 4.4 years | 2.5 years |
| Volatility (annualized) | 17.36% | 11.60% |
| Risk-adjusted | Buffett 90/10 | 60/40 |
|---|---|---|
| Sharpe ratio | 0.65 | 0.73 |
| Sortino ratio | 0.91 | 1.02 |
| Calmar ratio | 0.20 | 0.24 |
Trailing returns
| Period | Buffett 90/10 | 60/40 | Buffett 90/10 − 60/40 |
|---|---|---|---|
| YTD | +12.42% | +7.16% | +5.26% |
| 1Y | +14.76% | +8.67% | +6.09% |
| 3Y | +21.24% | +15.42% | +5.82% |
| 5Y | +12.55% | +7.37% | +5.18% |
| 10Y | +14.04% | +9.48% | +4.56% |
| 15Y | +14.24% | +9.97% | +4.27% |
Rolling returns
| Period | Buffett 90/10 median | 60/40 median | More often ahead |
|---|---|---|---|
| 1Y | +13.93% | +10.56% | Buffett 90/10 77% |
| 3Y | +11.96% | +9.08% | Buffett 90/10 90% |
| 5Y | +12.49% | +8.74% | Buffett 90/10 90% |
| 10Y | +12.08% | +8.77% | Buffett 90/10 99% |
Worst drawdowns · Buffett 90/10
| Decline | Peak | Bottom | Recovered | Length |
|---|---|---|---|---|
| −50.2% | Oct 2007 | Mar 2009 | Mar 2012 | 4.4 years |
| −30.3% | Feb 2020 | Mar 2020 | Aug 2020 | 6 months |
| −22.5% | Jan 2022 | Oct 2022 | Dec 2023 | 1.9 years |
| −17.5% | Sep 2018 | Dec 2018 | Apr 2019 | 6 months |
| −16.8% | Feb 2025 | Apr 2025 | Jun 2025 | 4 months |
| Decline | Peak | Bottom | Recovered | Length |
|---|---|---|---|---|
| −33.9% | Oct 2007 | Mar 2009 | Apr 2010 | 2.5 years |
| −21.8% | Feb 2020 | Mar 2020 | Jul 2020 | 5 months |
| −21.6% | Dec 2021 | Oct 2022 | Feb 2024 | 2.2 years |
| −12.1% | Sep 2018 | Dec 2018 | Mar 2019 | 6 months |
| −11.6% | Dec 2024 | Apr 2025 | Jun 2025 | 7 months |
Annual returns
| Year | Buffett 90/10 | 60/40 | Buffett 90/10 − 60/40 |
|---|---|---|---|
| 2017 | +19.56% | +14.33% | +5.23% |
| 2018 | −3.97% | −3.09% | −0.87% |
| 2019 | +28.44% | +21.93% | +6.50% |
| 2020 | +16.80% | +15.73% | +1.07% |
| 2021 | +25.78% | +14.66% | +11.12% |
| 2022 | −16.75% | −16.96% | +0.21% |
| 2023 | +23.97% | +17.89% | +6.08% |
| 2024 | +22.79% | +14.84% | +7.95% |
| 2025 | +16.44% | +13.09% | +3.35% |
| 2026to Oct 2 | +12.42% | +7.16% | +5.26% |
Holdings
About Buffett 90/10 vs 60/40
Buffett's 90/10 holds 90% in the S&P 500 and 10% in short-term Treasuries. The 60/40 holds 60% in the total US stock market and 40% in the broad US bond market, so its bonds are a far larger part of it.
Buffett's 90/10 returned 10.2% a year from Apr 2007 to Oct 2026, against 8.0% for the 60/40. Both fell furthest in 2007–2009, Buffett's 90/10 by 50.2% and the 60/40 by 33.9%. Buffett's 90/10 beat the 60/40 in 15 of 18 full years and in 99% of rolling 10-year periods.
Daily closes with dividends reinvested and fund fees included, before taxes and trading costs. Both rebalance once a year. The comparison starts on Apr 10, 2007, when BND's prices begin.