Sandwich Portfolio

by ElderLemon · shared 16 Sept 2026 · Published by Bob Clyatt, 28 Oct 2005

Weights

AGGiShares Core US Aggregate Bond ETF30.0%SPYSPDR S&P 500 ETF Trust20.0%BWXSPDR Bloomberg International Treasury Bond ETF11.0%SCZiShares MSCI EAFE Small-Cap ETF10.0%IJRiShares Core S&P Small-Cap ETF8.0%EFAiShares MSCI EAFE ETF6.0%EEMiShares MSCI Emerging Markets ETF6.0%VNQVanguard Real Estate ETF5.0%SHYiShares 1-3 Year Treasury Bond ETF4.0%

AGGiShares Core US Aggregate Bond ETF30.0%
SPYSPDR S&P 500 ETF Trust20.0%
BWXSPDR Bloomberg International Treasury Bond ETF11.0%
SCZiShares MSCI EAFE Small-Cap ETF10.0%
IJRiShares Core S&P Small-Cap ETF8.0%
EFAiShares MSCI EAFE ETF6.0%
EEMiShares MSCI Emerging Markets ETF6.0%
VNQVanguard Real Estate ETF5.0%
SHYiShares 1-3 Year Treasury Bond ETF4.0%

Performance

CAGR: +5.9%
Final value: $30k
Max drawdown: −32.7%
Volatility: 11.0%
Sharpe: 0.58
Sortino: 0.81

Correlation

weekly returns

	SPY	IJR	EFA	SCZ	EEM	AGG	BWX	VNQ	SHY
SPY	·	0.88	0.87	0.84	0.77	0.20	0.33	0.74	−0.18
IJR	0.88	·	0.81	0.81	0.71	0.13	0.26	0.78	−0.17
EFA	0.87	0.81	·	0.95	0.85	0.22	0.48	0.68	−0.13
SCZ	0.84	0.81	0.95	·	0.82	0.21	0.47	0.68	−0.11
EEM	0.77	0.71	0.85	0.82	·	0.15	0.40	0.61	−0.13
AGG	0.20	0.13	0.22	0.21	0.15	·	0.68	0.24	0.57
BWX	0.33	0.26	0.48	0.47	0.40	0.68	·	0.31	0.40
VNQ	0.74	0.78	0.68	0.68	0.61	0.24	0.31	·	−0.05
SHY	−0.18	−0.17	−0.13	−0.11	−0.13	0.57	0.40	−0.05	·

Growth of $10K

Long only · Fixed weights · annually · 2007-12-21 to 2026-10-09

$29,600Oct 9, 2026

−2.6%Oct 9, 2026

Annual returns

* partial

through 2026-10-09