Bernstein No-Brainer
William Bernstein’s four equal parts: large US stocks, small US stocks, international stocks and bonds. History starts in 1990 with the international data.
What it holds
| Asset | Share |
|---|---|
| US stocks, whole market | 25% |
| US small stocks | 25% |
| Developed markets outside the US (from 1990) | 25% |
| US 10-year Treasury bonds | 25% |
How it did, 1990-07 to 2026-09
6.0%
Per year after inflation (8.8% before)
11.5%
Volatility
-38%
Worst drop, 2007 to 2009
6.75%
Safe withdrawal rate over 30 years, 6.28% over 20
Best and worst calendar years
| Best | Return |
|---|---|
| 2003 | +32.2% |
| 1991 | +25.8% |
| 1995 | +25.0% |
| 2013 | +23.4% |
| 2019 | +21.5% |
| Worst | Return |
|---|---|
| 2008 | −25.5% |
| 2022 | −16.0% |
| 2002 | −9.8% |
| 2018 | −6.5% |
| 2001 | −3.1% |
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.