Lazy portfolio

All Weather Portfolio

Ray Dalio / Bridgewater, retail simplification of the institutional risk-parity strategy

Risk-parity allocation designed to balance economic-regime exposure rather than dollar-weighted exposure. The original institutional version uses leverage to equalize risk across asset classes; this is the unlevered retail approximation.

Allocation

30%

40%

15%

30% · US Stocks
40% · Long-term Treasuries
15% · Intermediate Treasuries
7.5% · Gold
7.5% · Commodities

Weighted expense ratio

0.13%

Across the 5 of 5 slices we could price.

Weighted tax efficiency

/100, weighted by allocation. Lower in heavy-bond portfolios.

Slices

Number of holdings — also the number of lots you rebalance.

Implementation

Weight	Role	Ticker	Fund	ER	AUM	Score
30%	US Stocks	VTI	Vanguard Total Stock Market Index Fund ETF Shares	0.030%	$2.20T	95
40%	Long-term Treasuries	TLT	iShares 20+ Year Treasury Bond ETF	0.15%	$42.91B	81
15%	Intermediate Treasuries	BND	Vanguard Total Bond Market Index Fund	0.030%	$389.70B	86
7.5%	Gold	GLD	SPDR Gold Shares	0.40%	$153.51B	73
7.5%	Commodities	GLD	SPDR Gold Shares	0.40%	$153.51B	73

BND · Intermediate-Treasury fund (IEF) isn't in the catalog yet; BND is a duration-similar broad-bond substitute.
GLD · A broad commodity fund (DBC, PDBC) isn't in the catalog yet; gold absorbs the slot in the meantime.

Editorial take

The retail All-Weather is heavy on long-duration bonds because the institutional version balances them at higher leverage. Without that leverage, the 55% in bonds takes a real bite out of long-run equity-driven return. Make sure you understand what you're giving up in upside before adopting it.

Compare the slices

See holdings overlap and cost difference between any two of this portfolio's funds.

Curated allocation. The funds listed are how this portfolio would be built using the catalog as it stands today; alternate tickers and notes are flagged inline.

PlainIndex publishes data and editorial commentary — nothing here is personalized investment advice. Read the methodology for how the scores referenced here are computed.