All-weather portfolio

Definition

An all-weather portfolio is a passive investment strategy that balances risk across multiple asset classes (stocks, fixed income, commodities, gold) to provide stable returns regardless of market climate.

How it works

Unlike a pure equity portfolio, capital is spread across assets that perform differently in different economic regimes (growth, inflation, deflation). The portfolio is periodically rebalanced to fixed target weights rather than actively shifting based on market signals — the opposite of tactical asset allocation (TAA).

Origin

The concept was popularized by Ray Dalio and Bridgewater Associates.

All-weather portfolio at NeuroQuant

NeuroQuant offers two all-weather portfolios: NQ Box Play (lower risk, 6 holdings) and NQ Power Play (more offensive, 8 holdings, medium risk). Both are rebalanced semi-annually.

Comparison active/tactical allocation

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