Search found 4218 matches

by siamond
Tue Nov 20, 2018 2:33 pm
Forum: Investing - Theory, News & General
Topic: How to Withdraw Money in Retirement, Following a Down Year
Replies: 16
Views: 969

Re: How to Withdraw Money in Retirement, Following a Down Year

OP, may I point out that the market really didn't go south very much this year (as of today!). Details depend on your stock exposure and your domestic/international split, but I'd be surprised if your own portfolio went down by more than 5% in 2019 (that is, without accounting for withdrawals & dist...
by siamond
Tue Nov 20, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: How This All Happened (to the US economy)
Replies: 21
Views: 3619

Re: How This All Happened (to the US economy)

One of the really enlightening pieces of history this article makes clear is summarized in this short extract (and an accompanying graph). The first thing we did to keep the economy afloat after the war was keep interest rates low. This wasn’t an easy decision, because a burst of inflation when sold...
by siamond
Tue Nov 20, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

I changed the default value of a few settings in the Google spreadsheet we've been discussing. I made ALL rates the same (discount rates for NPV and rate of return for PMT calls), equal to the historical average corresponding to the asset allocation (same math as in VPW). Let me explain. I agree th...
by siamond
Tue Nov 20, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

I changed the default value of a few settings in the Google spreadsheet we've been discussing. I made ALL rates the same (discount rates for NPV and rate of return for PMT calls), equal to the historical average corresponding to the asset allocation (same math as in VPW). Let me explain. First off, ...
by siamond
Mon Nov 19, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

This is a very helpful Topic. However, such a large amount of dense & complex posts makes it hard for those like me to synthesize the key learning points. I'd like to suggest you consider commissioning Willthrill81 and or siamond and or AlohaJoe to voluntarily create a BH-Wiki page on the TVM (with...
by siamond
Mon Nov 19, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

If I use the same real rate of return in both spreadsheets, and set Ken's desired increase to zero, then I get the same result. However if I follow Ken's instructions and use the desired return, the results do not match. Is this a bug or a feature? :) Does it indicate some basic thing about inflati...
by siamond
Mon Nov 19, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Variable Percentage Withdrawal (VPW)

dknightd wrote:
Mon Nov 19, 2018 6:34 pm
What is the 'double whammy risk' you've been discussing?
What I described in this post.

Which is the problem I've been trying to address with my exploration of 'spending caps' in the various iterations of the Google Sheet I shared.
by siamond
Mon Nov 19, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: How This All Happened (to the US economy)
Replies: 21
Views: 3619

How This All Happened (to the US economy)

I really enjoy reading Morgan Housel's blog. The guy is truly an original thinker, always finding new angles on things, while staying deeply rooted in solid common sense. Such a bright guy. This is a short story about what happened to the U.S. economy since the end of World War II. https://www.colla...
by siamond
Sun Nov 18, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Variable Percentage Withdrawal (VPW)

I'm sure there are many more. Yup. Postponing or not Social Security is a good one. In Net-Present-Value terms, the theoretical advantage is there, but rather tenuous (it's even more tenuous when doing a post-tax model -at least in my case-). And if you account for the 'double whammy risk' we've be...
by siamond
Sun Nov 18, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

You might want to add the possibility that the recurring income declines if one you dies before the other. When I do my planning I make sure that no matter who dies first the other will still get what they need (which by estimation in about 3/4 of what they both need) This is the beauty of this typ...
by siamond
Sun Nov 18, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

My other comment is that, in this example it seems clear than they need to "strongly coordinate" with Social Security ("strongly coordinate" as in: by having a secondary PMT calculation amortising over the time until Social Security kicks in). It is obvious because their portfolio is so small and S...
by siamond
Sun Nov 18, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

I've found these spreadsheets and associated discussion to be very useful. Thanks! [...] I guess my new hobby might be retirement planning and spreadsheets ;) Welcome, I am glad this helps. And yeah, it is not only useful but also kind of fun to run numbers like that. My wife is convinced that I ha...
by siamond
Sun Nov 18, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

- if you activate column Q (cell Q1 set to TRUE), you'll see that the spending trajectory becomes much more satisfying. And this approach sounds much more adaptive to any type of cash flow sequence. Even with the new gate, the portfolio will often be totally exhausted before Social Security kicks i...
by siamond
Sun Nov 18, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

I noticed that Ken Steiner (who also advocates this kind of approach to planning retirement spending) has a blogpost from last week that is another good example of the benefits on this approach. [...] The result is a spending pattern that goes from $111,000 a year to $93,000 a year as the mortgage ...
by siamond
Sun Nov 18, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

When I looked at GAAP's spreadsheet and saw the 0% discount for the bridge portfolio, I assumed it was being invested in a TIPS ladder, in which case the 0% might be accurate (depending on how the ladder was created). When GAAP mentioned his 'bridging portfolio' for the first time in this thread, I...
by siamond
Sat Nov 17, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

- now for the biggie . Before the bulk of the cash flow incomes start trickling in (e.g. before SSA/Pensions kick in), the result of this process is to spend more shares from the regular savings portfolio than one would otherwise. Which is fine, it totally makes sense to use more of it before the S...
by siamond
Sat Nov 17, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

I have added a hybrid approach which sounds like your suggestion: https://www.dropbox.com/s/z91yeze231tbtnx/Bridging_Example_With_NPV.ods?dl=0 . The total bridge is calculated using current year bridge plus NPV(future needs). I think this does better describe the actual intent and needs. Yup, you g...
by siamond
Sat Nov 17, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

Yes, but I suggest we leave "flavor of PMT" out of the discussion for now -- we can go back to that later if necessary. The returns are still generated against the total portfolio, with all of the variability applied to the income portion. Essentially, I'm trying to mimic what happens when all of t...
by siamond
Sat Nov 17, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

Alternatively, couldn't you simply remove the first year's withdrawal from the portfolio (and the PV in the formula), then use the standard PMT formula using the lesser portfolio size? That would essentially switch to an end-of-the-year withdrawal logic. Personally, I find that counter-intuitive, b...
by siamond
Sat Nov 17, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

Yeah, I know, we're drifting away from simplicity goals, but for somebody "hands on", I think this makes reasonable sense. Picking up the right Final-Value for the pre-SS years isn't fully straightforward though. Feedback welcome. In the NPV Cash Flows cell you use the formula =npv(.05, ...) * 1.05...
by siamond
Fri Nov 16, 2018 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

Feel free to describe your own approach in more details, we're exploring here. You should be able to see this LibreOffice spreadsheet: https://www.dropbox.com/s/1wnh6va27m29117/Bridging_Example.ods?dl=0 . To illustrate, I've normalized a subset of my situation, based upon a $1M starting portfolio. ...
by siamond
Fri Nov 16, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

[...] It's funny how the popular press/blogs seem to treat all of those as independent situations. Can't agree more... it's all an integrated problem called 'retirement (and tax) planning'. And the tax side of things is by far the most complicated. But let's not get there! :wink: You're right that ...
by siamond
Fri Nov 16, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

Yeah, I know, we're drifting away from simplicity goals, but for somebody "hands on", I think this makes reasonable sense. Picking up the right Final-Value for the pre-SS years isn't fully straightforward though. Feedback welcome. I think I understand what you're doing, I'm just not sure why you're...
by siamond
Fri Nov 16, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

- now for the biggie . Before the bulk of the cash flow incomes start trickling in (e.g. before SSA/Pensions kick in), the result of this process is to spend more shares from the regular savings portfolio than one would otherwise. Which is fine, it totally makes sense to use more of it before the S...
by siamond
Wed Nov 14, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

It finally remembered that I made a fairly simple example of such NPV/PMT math that I shared with somebody a year ago... Here it is, for whatever it's worth (check the cell notes; I didn't make a lot of efforts to make it fully educational, but it should be fairly self-explanatory): https://docs.goo...
by siamond
Wed Nov 14, 2018 8:33 am
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 499
Views: 82420

Re: How much international stock? A suggestion.

Go back to 1970 and include emerging though, and we see international ahead at 2013. Wish this data** was updated. [..] I tried to find other data of EM since 1970. You should check the Simba backtesting spreadsheet . You'll find EM numbers starting from 1976 and all sorts of tools to analyze the h...
by siamond
Tue Nov 13, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

So you're concerned that following the PMT approach might lead you to sell equities at a loss in a bear market? How is that different from any other withdrawal approach? I have no concern with regular withdrawal approaches, with a formula directly derived from the regular portfolio. Well, with the ...
by siamond
Tue Nov 13, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

I don't have a good answer for the last point. If a deep crisis occurs in my late 60s, I will definitely cancel my SSA postponement plans, and this will help (numerically AND behaviorally). If a deep crisis occurs before that, I will probably get itchy, hence regulate myself and spend less from the...
by siamond
Tue Nov 13, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

Spreadsheet-inclined people will find the process very simple and very flexible. Now what are the drawbacks? - it is a little more complicated to model an SPIA scenario, although not that much (it's essentially a big 'expense' the year you transform part of your portfolio in an SPIA annual income fl...
by siamond
Tue Nov 13, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Variable Percentage Withdrawal (VPW)

Then let's continue the discussion in that vein. Why could a TVM (i.e. annuitization) approach work or not work to model a full retirement plan? Given that it's a generalized form of the VPW approach, I see no reason why not beyond the aforementioned 'hands on' aspect, which is frankly a feature mo...
by siamond
Mon Nov 12, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Variable Percentage Withdrawal (VPW)

I would expect some amount of smoothing would occur as well if you were using something like 1/CAPE for expected stock returns because, everything else held equal, a reduction in price (and your stock holdings) would be accompanied by an increase in the expected returns going forward. Yes, indeed, ...
by siamond
Mon Nov 12, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Variable Percentage Withdrawal (VPW)

There isn't any reading on this that I'm aware of. When I was researching the whole topic of retirement withdrawal methods around 2012/13, I remember stumbling upon various references to financial advisors having used actuarial methods (i.e. PMT-based approaches) for quite a few years. I mean, this...
by siamond
Mon Nov 12, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: Diversification Regret
Replies: 114
Views: 13221

Re: Diversification Regret

I never bought in the argument that TSM is not diversified enough because it doesn't account for factor diversification. Factors are really artificial academic constructs, which is cool research, but it's just research, where new refined theories emerge every now and then, leading to an increasing z...
by siamond
Mon Nov 12, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 99
Views: 4721

Re: Variable Percentage Withdrawal (VPW)

For those wanting a more 'hands on' approach, a simple time value of money calculator can be used instead. You simply input the dollar amount of your portfolio that you wish to amortize (it could be all of your portfolio or some portion of it) over your remaining lifetime, the assumed real rate of ...
by siamond
Sun Nov 11, 2018 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Swensen - Why does he recommend Emerging Markets and Developed Markets for Int'l?
Replies: 22
Views: 3049

Re: Swensen - Why does he recommend Emerging Markets and Developed Markets for Int'l?

You may be interested to learn that Swenson's Lazy Portfolio (Yale U's Unconventional) is outperformed by Allan Roth's Second Grader Lazy Three-Fund Portfolio over periods of 1-yr, 3-yrs, 5-yrs and 10-years. Performance over the past decade isn't terribly significant. Let's run a more complete anal...
by siamond
Sun Nov 11, 2018 5:13 pm
Forum: Local Chapters and Bogleheads Community
Topic: Master Thread for Metro Boston's Chapter
Replies: 364
Views: 84660

Re: Master Thread for Metro Boston's Chapter

hello-I am a new member and request I be added to the e mail list. tomcr Hello, I am a new member as well, please add me to this thread. I'm also interested in attending chapter meetings and events. Hi, I am a new member as well, please add me to this thread. I'm also interested in attending chapte...
by siamond
Sun Nov 11, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: 18 topics badly explained by many Finance Professors
Replies: 15
Views: 2942

Re: 18 topics badly explained by many Finance Professors

Now, about risk and volatility. I agree that risk is complicated and multidimensional. But volatility is a form of risk, and e.g. Warren Buffett never said "volatility is not risk," he made a much more nuanced statement, "volatility is not the same thing as risk." Agreed with what you just said, bu...
by siamond
Sat Nov 10, 2018 2:18 pm
Forum: Investing - Theory, News & General
Topic: 18 topics badly explained by many Finance Professors
Replies: 15
Views: 2942

Re: 18 topics badly explained by many Finance Professors

Thank you for sharing. The article's points are poorly explained (the author must be a finance professor!), but there are a few basic truths in there that are worth repeating...
by siamond
Sat Nov 10, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 499
Views: 82420

Re: How much international stock? A suggestion.

Here we are again... We should really find a way to post Google Ads somewhere at the bottom of the display of each "international stock" thread, and send the proceeds to The John C. Bogle Center for Financial Literacy... With the number of posts and page views, I predict very high returns on investm...
by siamond
Fri Nov 09, 2018 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement and Asset Allocation
Replies: 20
Views: 1968

Re: Early Retirement and Asset Allocation

I will be at 35x expenses when I retire in 6 years (this includes the paid-off house and accommodates for rental or an outright purchase of an apartment). I missed this part in your first post... I was assuming 25x... Ok, then you'll be quite comfortable by the time you retire, and can afford lower...
by siamond
Fri Nov 09, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement and Asset Allocation
Replies: 20
Views: 1968

Re: Early Retirement and Asset Allocation

One more thing. If you didn't do so already, I would strongly suggest that you read 'Deep Risk' by W. Bernstein. This is one of the few investment books that strongly changed my perspective. The author does a nice job of reviewing various forms of short-term and long-term risks. A MUST read for an e...
by siamond
Fri Nov 09, 2018 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement and Asset Allocation
Replies: 20
Views: 1968

Re: Early Retirement and Asset Allocation

OP, your friends are just parroting an academic view of risk (equating it with volatility) which has very little relationship with real life. The real risk for an early retiree is definitely not the inevitable ups and downs of a diversified portfolio, but the long-term risk of low purchasing power o...
by siamond
Tue Nov 06, 2018 7:45 pm
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10553

Re: This man can predict when bubbles burst: time to time the market?

Amusingly enough, the researcher (Didier Sornette) has a rather unfortunate last name. "Sornette" in French basically means (in a light-mannered way) silly bullshit. Google Translate says it translates as 'fiddlestick', which taught me a cool new word in English... :happy
by siamond
Sat Nov 03, 2018 9:22 pm
Forum: Investing - Theory, News & General
Topic: Is Small Value Still A Winner?
Replies: 96
Views: 6955

Re: Is Small Value Still A Winner?

Small-Cap-Value (aka SCV) 'risk-adjusted returns' (truly misleading terminology which actually means volatility-adjusted returns) were indeed exceptional in the past (i.e. displaying a higher Sharpe ratio than the total-market, aka TSM). Although the historical evidence is pretty clear, I can fully ...
by siamond
Sat Nov 03, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: Is Small Value Still A Winner?
Replies: 96
Views: 6955

Re: Is Small Value Still A Winner?

I am just saying that the academic research and Siamond's own work has shown that the Small/Value effect is pretty dramatic. I looked at Siamond's charts and others and it certainly caused my eyebrow to rise. Thank you for the reference, nedsaid. For the OP and other readers of this thread, here is...
by siamond
Fri Nov 02, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: Diversification Regret
Replies: 114
Views: 13221

Re: Diversification Regret

OP, what you did is essentially a Telltale chart. And yes, such charts are very useful to understand the comparative dynamics of two strategies over time.

PS. Oh, and I like the brush strokes! :wink:
by siamond
Sun Oct 28, 2018 10:21 pm
Forum: Investing - Theory, News & General
Topic: 180 years of Drawdowns, Get used to it
Replies: 36
Views: 6650

Re: 180 years of Drawdowns, Get used to it

Many thanks to the OP for sharing this study of drawdowns, this was a perspective I had never read about before.
by siamond
Sun Oct 28, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: Initial SEC yield and subsequent 5yr and 10yr returns
Replies: 204
Views: 18886

Re: Initial SEC yield and subsequent 5yr and 10yr returns

I strongly suspect that the SEC field is a reasonable 10yrs predictor, but a poor 20yrs predictor. Kevin, would you be interested to run the numbers?
by siamond
Sat Oct 27, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: R2 (R squared) comparison tool?
Replies: 7
Views: 543

Re: R2 (R squared) comparison tool?

Using the Simba spreadsheet, you can also generate graphs like the one below. This one displays historical correlation numbers during rolling periods of 20 years (starting year on the horizontal axis). As you can see, it can vary quite a lot. I picked REITs and IT Treasuries vs the US market just fo...
by siamond
Sat Oct 27, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: R2 (R squared) comparison tool?
Replies: 7
Views: 543

Re: R2 (R squared) comparison tool?

If you are spreadsheet-inclined, this should also check the Simba's backtesting spreadsheet where you'll find all sorts of historical data and related statistics. There is a large table of correlations between tens of major asset classes, plus you can easily define custom portfolios and run similar ...