Lazy portfolio

All Weather Portfolio

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

30% stocks, 40% long Treasuries, 15% intermediate Treasuries, 7.5% gold, 7.5% commodities. A retail cut of Bridgewater's risk-parity mix, without the leverage the original used on the bond sleeve.

Allocation

30%

40%

15%

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

Weighted expense ratio

0.19%

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 Morningstar Total Stock Market ETF	0.030%	$2.32T^†	92
40%	Long-term Treasuries	TLT	iShares 20+ Year Treasury Bond ETF	0.15%	$46.23B	83
15%	Intermediate Treasuries	IEF	iShares 7-10 Year Treasury Bond ETF	0.15%	$41.56B	83
7.5%	Gold	GLD	SPDR Gold Shares	0.40%	$141.70B	73
7.5%	Commodities	DBC	Invesco DB Commodity Index Tracking Fund	0.85%	$1.92B	37

† Whole fund: this ETF is one share class of a fund that also sells mutual-fund shares, and the figure covers all of them. Our sources don't report the ETF class on its own.

IEF · alternates: VGIT · 7–10 year Treasuries. VGIT (Vanguard) is a duration-similar lower-cost alternate.
DBC · alternates: PDBC · Broad-basket commodities (energy, metals, agriculture). DBC is K-1; PDBC is the 1099 variant if K-1 friction is unwelcome.

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 — the backtester tab shows the size of that gap against the 3-fund.

Try the All Weather Portfolio in our tools

Tool · Look-through

Underlying holdings of this mix

Every underlying position summed across the slices — true top holdings, country and sector tilt, bond sleeve.

Tool · Placement

Split this portfolio across your accounts

Asset-location optimizer — fills tax-deferred with shelter-priority slices first, Roth with growth-priority next, taxable last. Estimated annual tax drag.

Tool · Backtester

Backtest this portfolio's last 5 years

Monthly total returns rebalanced monthly. Equity curve, CAGR, max drawdown.

Compare the slices

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

Open All Weather Portfolio holdings at a brokerage

All 5 slices in this portfolio trade commission-free at major brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

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.