{
  "generatedAt": "2026-07-28",
  "source": {
    "es": "Yahoo Finance (cierres mensuales ajustados, dividendos reinvertidos)",
    "en": "Yahoo Finance (monthly adjusted closes, dividends reinvested)"
  },
  "instruments": {
    "equity": {
      "ticker": "ACWI",
      "name": "iShares MSCI ACWI ETF (renta variable global)"
    },
    "bonds": {
      "ticker": "BND",
      "name": "Vanguard Total Bond Market ETF (renta fija)"
    }
  },
  "period": {
    "from": "2010-01",
    "to": "2026-07",
    "months": 199
  },
  "targetAllocation": {
    "equity": 80,
    "bonds": 20
  },
  "initialCapital": 10000,
  "assumptions": [
    "Aportación única inicial, sin aportaciones periódicas posteriores.",
    "Rebalanceo anual al cierre de diciembre en el escenario rebalanceado.",
    "Sin comisiones de compraventa, custodia ni impacto fiscal.",
    "Cierres mensuales ajustados: los dividendos se consideran reinvertidos."
  ],
  "scenarios": {
    "never": {
      "initial": 10000,
      "finalValue": 45991,
      "cagr": 9.64,
      "maxDrawdown": 24.63,
      "finalEquityWeight": 93.6,
      "maxEquityWeight": 93.6,
      "minEquityWeight": 78.3,
      "rebalances": 0
    },
    "annual": {
      "initial": 10000,
      "finalValue": 42517,
      "cagr": 9.12,
      "maxDrawdown": 23.49,
      "finalEquityWeight": 81.5,
      "maxEquityWeight": 83.3,
      "minEquityWeight": 75.6,
      "rebalances": 16
    }
  },
  "difference": {
    "finalValue": -3474,
    "equityWeightDrift": 12.1
  }
}