No Brainer Portfolio by Bill Bernstein

Weight	Ticker	ETF Name	Sector
25%	IWM	iShares Russell 2000 ETF	Equity, U.S., Small Cap
25%	EFA	iShares MSCI EAFE ETF	Equity, Inter. Developed, Large Cap
25%	SPY	SPDR S&P 500 ETF	Equity, U.S., Large Cap
25%	SHY	iShares 1-3 Year Treasury Bond ETF	Bond, U.S., Short-Term

Weight

Ticker

ETF Name

Sector

25%

iShares Russell 2000 ETF

Equity, U.S., Small Cap

25%

iShares MSCI EAFE ETF

Equity, Inter. Developed, Large Cap

25%

SPDR S&P 500 ETF

Equity, U.S., Large Cap

25%

iShares 1-3 Year Treasury Bond ETF

Bond, U.S., Short-Term

Low

Average

High

1-Year

-33.8%

8.3%

44.1%

3-Year

-10.0%

7.7%

21.5%

5-Year

-2.6%

7.2%

17.8%

10-Year

1.7%

6.9%

11.0%

Portfolio vs. 60/40 vs. S&P 500

All Data

10 Years

	Portfolio	60/40	S&P 500
Annual Return	7.4%	9.3%	10.3%
10Y Annual Return	6.7%	7.9%	12.2%
Sharpe Ratio	0.48	0.51	0.43
Max Drawdown	-40.4%	-29.7%	-50.97%
Volatility (annualized)	11.6%	9.9%	15.4%
Dot Com Annual Return	-5.7%	-4.2%	-14.60%
Great Financial Crisis Annual Return	-2.3%	-0.3%	-5.66%
Positive Periods	64.2%	65.8%	63.3%

**S&P 500 backtest to 1972 and 60/40 backtest to 1970

	Portfolio	60/40	S&P 500
Annual Return	6.7%	7.9%	12.2%
Sharpe Ratio	0.55	0.77	0.79
Max Drawdown	-20.2%	-20.5%	-24.0%
Volatility (annualized)	11.4%	9.3%	14.8%
Dot Com Annual Return	-5.7%	-4.2%	-14.60%
Great Financial Crisis Annual Return	-2.3%	-0.3%	-5.66%
Positive Periods	64.5%	68.6%	69.4%