The All Weather Portfolio on Autopilot: what Ray Dalio's idea is, what this version changes, and how following it works

I'm Chris, co-founder of Autopilot. "All Weather" is one of the most famous ideas in money management: a portfolio built to hold up whether the economy is growing, shrinking, inflating, or deflating, instead of a portfolio that needs one particular kind of weather to work. Ray Dalio's Bridgewater launched the fund with that name in 1996. There's a Portfolio on Autopilot inspired by it, published by a Pilot named Peter Wolff, live since January 13, 2025, with a public fact sheet. Here's the original idea, what this version changes, what the sheet shows, and how following it works.

One thing first, because we're an SEC-registered investment adviser and I have to say it. Autopilot is the app. The actual investment advice comes from Autopilot Advisers, LLC. If you want the full legal version of anything in here, it's on our legal page.

1) Where the idea came from

Ray Dalio founded Bridgewater Associates in 1975. In 1996 the firm launched its All Weather fund and pioneered the approach that later got the name risk parity. The idea, in one sentence: balance a portfolio by how much risk each piece carries, not by how many dollars go into each piece. A traditional stock-and-bond mix looks balanced on paper, but the stocks carry most of the risk, so it's really a bet on growth. All Weather tries to hold assets that do well in each economic season, growth, recession, rising inflation, falling inflation, sized so that no single season sinks the whole thing.

Dalio handed his voting rights to Bridgewater's board and stepped down as co-chief investment officer in September 2022. He has no relationship with Autopilot, and Bridgewater's fund is not what you follow here. If you want the Portfolio built on Bridgewater's public filings instead, that's a different page: Ray Dalio's Bridgewater 13F: how the Dalio Tracker on Autopilot works, and what it can't tell you.

2) What the Autopilot version is

The published description says it plainly: "Inspired by Ray Dalio's All Weather Fund but updated with allocations to Bitcoin and international stocks," aiming "to protect your investment across most market conditions" and "focusing on stability rather than chasing high growth." The Pilot of record is Peter Wolff, meaning he publishes the Portfolio; he isn't a hedge fund, he's one of the Pilots who publish their own Portfolios here, and his bio is on the sheet. Autopilot Advisers, LLC is the manager that runs it for client accounts, which is how every Portfolio on Autopilot works: the Pilot publishes, and the adviser is the one giving the advice. It launched on Autopilot on January 13, 2025.

The All Weather Portfolio fact sheet shows the largest five positions by weight with a timestamp, lists the rebalance cadence as not disclosed, and publishes no benchmark comparison. So I'm not going to tell you what's in it beyond that, and you shouldn't trust anyone else's summary either. Read the sheet. It also lists a Pilot subscription for this Portfolio; the amount is on the sheet, not here, because it can change.

3) What "updated" means, and what it doesn't

Bitcoin and international stocks inside a Dalio-inspired framework is a real departure from the 1996 fund, and it means this Portfolio is a Pilot's interpretation of the idea, not a replica of Bridgewater's. Two things follow from that. First, its record starts on January 13, 2025, not in 1996, and nothing about Bridgewater's decades applies to it. Second, "protect across most market conditions" is a goal in a description, not a promise. The sheet's drawdown figure is what actually happened to follower accounts, and that's the number to read before the return. I wrote how in How to read a Portfolio's track record before you follow it.

4) How following works

You connect the brokerage you already have, pick the Portfolio, and set how much of the account follows it. Then you give Autopilot Advisers limited authority to send orders to that account. When the Portfolio changes, we send them and your broker fills them. The money stays put. You're never trading at the same time as the Pilot, and your holdings won't match the Portfolio exactly: account size, brokerage support for fractional shares, and trade timing all change what lands in your account, and those cautions are on every fact sheet.

Autopilot's fee is a flat subscription that doesn't multiply by how many Pilots you follow; Pilot subscriptions are separate and listed on each sheet. The whole fee picture is in What does Autopilot cost? Every fee, what adds on, and how to figure out if it's worth it for you, and what happens in your account when a Portfolio changes is in How rebalancing works when you follow a Portfolio.

5) Who this is actually for

I want to be honest with you. All Weather is the opposite of most of what people come here for. Most of our Portfolios are trying to beat something. This one, by its own description, is trying not to get knocked over. That's a legitimate goal, and it's also the easiest kind of goal to oversell, because "steady" sounds like a floor, and there is no floor; the sheet's material-risks section says drawdowns can be larger than the published maximum, and that applies here like everywhere.

Judge it the way you'd judge any Pilot: the dated net record, the drawdown, how concentrated it is, and whether the Pilot is still the one you picked. Some Pilots go up for years. Some Pilots are flat for years. A stability-first Portfolio can do either. The framework is in How to choose which investor to follow: attribution, survivorship, concentration, and when to stop, and the rest of what we publish, from hedge fund trackers to managers who run their own Portfolios, is in Every hedge fund and Wall Street Portfolio you can follow on Autopilot, and how each one works.

Frequently asked questions

Ray Dalio All Weather portfolio

Ray Dalio's Bridgewater Associates launched the All Weather fund in 1996 and pioneered risk parity: balancing a portfolio by how much risk each asset carries rather than by dollars, so it can hold up across growth, recession, and inflation in either direction. Autopilot publishes a Portfolio inspired by it, live since January 13, 2025, with a public fact sheet. Dalio and Bridgewater have no relationship with Autopilot, and the Autopilot Portfolio is a Pilot's interpretation, not Bridgewater's fund.

What is Ray Dalio's All Weather portfolio?

It's the strategy behind Bridgewater's All Weather fund, launched in 1996: instead of betting on growth the way a stock-heavy mix does, it holds assets suited to each economic season, growth, recession, rising inflation, falling inflation, and sizes them by risk so no one season sinks the portfolio. That approach later got the name risk parity. On Autopilot, the All Weather Portfolio is a version of the idea published by Pilot Peter Wolff, managed by Autopilot Advisers, LLC, and described on its fact sheet.

How do I follow the All Weather portfolio in my own brokerage account?

Open Autopilot, connect the brokerage you already have, pick the All Weather Portfolio, and set how much of the account follows it. You give Autopilot Advisers, LLC limited authority to send orders to that account; when the Portfolio changes, the orders go to your broker and your money stays there. Read the fact sheet first for the drawdown, the largest positions with their timestamp, and the Pilot subscription that applies.

All Weather portfolio app

Autopilot is an app where you can follow an All Weather Portfolio inside your own brokerage account rather than buying a fund. The Portfolio is inspired by Ray Dalio's All Weather Fund and updated, per its published description, with allocations to Bitcoin and international stocks; its live record since January 13, 2025 is on a public fact sheet with a date on every figure. Autopilot Advisers, LLC, an SEC-registered investment adviser, is the manager.

All Weather Portfolio Autopilot

The All Weather Portfolio on Autopilot launched January 13, 2025. Peter Wolff is the Pilot of record who publishes it, Autopilot Advisers, LLC is the manager, and its description calls it a diversified, risk-balanced strategy inspired by Ray Dalio's All Weather Fund, focused on stability rather than high growth. Its fact sheet at autopilotfactsheets.com/portfolios/all-weather-portfolio shows the live follower record, drawdown, largest positions, and fees, all dated.

TLDR

Dalio's idea: balance by risk, not dollars, so the portfolio survives every economic season. The Autopilot version is a Pilot's take on it, with Bitcoin and international stocks added, live since January 13, 2025, and it stands on its own record, not Bridgewater's. Read the drawdown on the sheet before the return. If one fits, choose a Portfolio and connect your brokerage. Then give Autopilot Advisers limited authority to send orders to that account. When the Portfolio changes, we send them and your broker fills them. Depending on your plan and brokerage, you may need to confirm first. The money stays put.

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Since Autopilot Advisers is an SEC-registered investment adviser, we have to put disclaimers on stuff like this. They're below, and the full version is on our legal page.

Disclosures

© Autopilot Holdings Corporation 2026 — All rights reserved. “Autopilot” refers to Autopilot Holdings Corporation and its wholly-owned, and separately managed subsidiaries, including Autopilot Advisers, LLC, an SEC-registered investment adviser. All investing is subject to investment risks, including possible loss of the principal invested, and past performance is not indicative of future results. View our Customer Relationship Summary and other important information at joinautopilot.com/legal.

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Ray Dalio and Bridgewater Associates are not affiliated with Autopilot and have not endorsed it. The All Weather Portfolio on Autopilot is a Portfolio published by Pilot Peter Wolff and managed by Autopilot Advisers, LLC; it is not Bridgewater's All Weather fund and does not replicate it. Statements about the Portfolio are limited to its published fact sheet as of the publish date, and statements about Bridgewater's history come from public sources. Third-party Pilots are not investment advisers. No performance figure is stated here; the Portfolio's record is on its dated fact sheet.