Indexed Returns of AI-Related Portfolios vs. Equal-Weight S&P 500 Infrastructure has driven the AI rally, with chip giants, data center builders and cloud platforms capturing the upside while software and productivity names fall behind. Image: Goldman Sachs Global Investment Research
The Math of Drawdowns – Recovery Requied to Break Even After a Portfolio Decline Cut a portfolio in half and you need to double it to break even. That is not bad luck, it is simple compounding working against you. The bigger the loss, the tougher the climb back. Image: Real Investment Advice
Weight of Top 10 Positions in Median Hedge Fund Long Portfolio Hedge fund portfolio density is now at 72% and holding firm, with greater concentration in top 10 positions. Such concentration leaves markets vulnerable to sharp swings if popular trades begin to reverse. Image: Goldman Sachs Global Investment Research
60/40 Portfolio Monthly Return Decomposition The classic 60/40 portfolio slid 3.7% in March as stocks and bonds dropped in tandem. Such lockstep declines aren’t unusual when markets brace for higher prices or sticky inflation ahead. Image: J.P. Morgan Asset Management
U.S. Equities – Net Portfolio Equity Flows Investors can’t seem to get enough of U.S. stocks. Net inflows in 2025 topped an amount equal to about 2% of GDP, an intensity the market hasn’t seen in years. Clearly, investors still see plenty of upside in U.S. equities. Image: Deutsche Bank
Bloomberg’s Global 60/40 Equity/Fixed Income Portfolio The global 60/40 portfolio has hit a record high, showing fresh momentum and reaffirming its role as a cornerstone for investors seeking balance and steady long-term gains. Image: Deutsche Bank
Retail Traders Average Portfolio Stock Allocation and Investment Managers Average Stock Exposure Over the past two decades, periods when both retail and professional traders were this heavily long have often been followed by S&P 500 underperformance in the following one to three months. Image: Bloomberg
Returns – Global Equities vs. Global Bonds vs. Gold vs. World Portfolio Since 1950, the world portfolio has earned a real 4.1% annual return — global equities led with 7.3%, gold lagged at 2.5%, and global bonds barely reached 1.8%. The long-run verdict is clear: equities have won. Image: Goldman Sachs Global Investment Research
World Portfolio The world’s portfolio remains tilted toward the U.S.—in both stocks and bonds. Gold holds a modest 6%, while crypto barely cracks 1%. Image: Goldman Sachs Global Investment Research
S&P 500 vs. 60/40 Portfolio Since 2020, the S&P 500 has delivered higher returns than the 60/40 portfolio but with greater volatility, while the 60/40 portfolio has provided more stability at the cost of lower overall gains. Image: Bloomberg
Risk Parity Model Portfolio Weights In risk-parity strategies, the current equity allocation is at the 8th percentile—well below the median—reflecting a preference for safer assets despite the ongoing equity rally. Image: Deutsche Bank Asset Allocation