100% Stocks: backtest, returns and drawdowns
The whole US stock market in one fund: the benchmark for how much the other portfolios gave up or gained by diversifying.
Data updated October 2026
Created by: All-equity benchmark
Allocation
| Asset class | ETF used in the backtest | Weight |
|---|---|---|
| US total stock market | VTI | 100% |
From June 2020 to October 2026 the 100% Stocks returned 16.8% a year on average, with annual volatility of 17.2%. Its deepest fall was 25.4%, from January 2022 to October 2022, recovered in about 24 months.
Its best year was 2023 (+26.0%) and its worst 2022 (−19.5%).
Key figures
- Annual return (CAGR)
- +16.8%
- Annual volatility
- 17.2%
- Maximum drawdown
- −25.4%
- Recovery time
- 24 months
- Sharpe
- 0.83
- Sortino
- 1.19
- Worst year
- 2022: −19.5%
- Positive years
- 4/5
Growth of $10,000
Drawdowns
Returns by calendar year
| Year | 100% Stocks | 60/40 Portfolio |
|---|---|---|
| 2026(partial) | +14.7% | +8.0% |
| 2025 | +17.1% | +13.1% |
| 2024 | +23.8% | +14.8% |
| 2023 | +26.1% | +17.9% |
| 2022 | −19.5% | −17.0% |
| 2021 | +25.7% | +14.6% |
| 2020(partial) | +26.4% | +16.5% |
How it works
Maximum long-term growth potential with the full swings of the stock market, including falls of half its value.
Backtest with total-return ETF prices (dividends reinvested), rebalanced to target weights on the first trading day of each year. No fees, taxes or currency effects; first and last years are partial. Past results do not predict future returns.
Questions
What is the 100% Stocks?
The whole US stock market in one fund: the benchmark for how much the other portfolios gave up or gained by diversifying. Allocation: 100% us total stock market. Created by: All-equity benchmark.
What is the 100% Stocks return?
In the backtest from June 2020 to October 2026 it returned 16.8% a year on average, with a maximum drawdown of 25.4%. US dollars, before fees and taxes.
How often should it be rebalanced?
The backtest rebalances once a year back to the target weights. Rebalancing more often changes little and adds costs; some investors rebalance only when a weight drifts beyond a threshold.
What was the worst drawdown of the 100% Stocks?
25.4%, from January 2022 to October 2022; it took about 24 months to get back to the previous high.
Other lazy portfolios
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- Golden Butterfly PortfolioCAGR +8.4%
- Three-Fund PortfolioCAGR +9.1%
- Coffeehouse PortfolioCAGR +8.1%
- David Swensen PortfolioCAGR +8.8%
- Core Four PortfolioCAGR +11.6%
- Warren Buffett 90/10 PortfolioCAGR +15.9%
- Versione italiana
Source: MarketStack end-of-day prices. Historical and educational content: not a forecast and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.