30-Year Bonds Beat Stocks for 20 Years

Granted I'm cherry-picking a bit here, but an investor who put everything into long-term treasuries after the 2000 bubble had burst would not have underperformed stocks on their return until January 2018, and they would not have underperformed consistently until January 2021. This underperformance is up for debate since we haven't completed the cycle yet. It's possible this outperformance won't end for a few more years.

How many people know that long-term treasury bond funds beat stocks for 20 years?

It would make sense if stocks beat bonds over the coming years, but here's the scary thought for anyone holding financial assets: this ratio goes up if stocks lose less than bonds. Stocks will lose a lot if bonds go down. If the 10-year yield gets back to around 5 to 6 percent, the 30-year bond should be 6 percent or higher, which would approximate (ballparking it for simplicity) to a 50 percent drop in the price of the bond.