“The Importance of Diversification” Chart (Source: Allianz Global Investors)

Some observations from the Allianz 10 year "diversification" chart:
- In 2008, long-term bonds were the best performers with a return of 24%.
- Commodities fell about 36% and Real Estate was off 39%.
- Long-term bonds did well, high-yield bonds fell by about 26%.

(Click on chart twice to enlarge to view 10 year returns through 2008)