Dalio All Seasons
The mix Ray Dalio described for Tony Robbins: 30% stocks, 55% Treasuries across maturities, 7.5% gold and 7.5% commodities. The 10-year series stands in for both bond slices, and commodities use the World Bank spot price index, so history starts in 1960.
What it holds
| Asset | Share |
|---|---|
| US stocks, whole market | 30% |
| US 10-year Treasury bonds | 55% |
| Gold | 8% |
| Commodities, World Bank price index (from 1960) | 8% |
How it did, 1960-02 to 2026-09
4.1%
Per year after inflation (8.0% before)
6.0%
Volatility
-22%
Worst drop, 2021 to 2023
4.26%
Safe withdrawal rate over 30 years, 5.31% over 20
Best and worst calendar years
| Best | Return |
|---|---|
| 1982 | +30.0% |
| 1995 | +25.1% |
| 1985 | +24.3% |
| 1979 | +20.4% |
| 1986 | +18.1% |
| Worst | Return |
|---|---|
| 2022 | −12.0% |
| 1969 | −6.9% |
| 2008 | −5.8% |
| 1994 | −3.1% |
| 2015 | −2.8% |
Open in the backtest tool Test a withdrawal rate
US dollars, rebalanced yearly, before tax and fund costs. Past results are not a promise about the future, and nothing here is investment advice.