All-weather portfolio adopts Bridgewater Dario's all-weather strategy to judge the performance of various assets in different financial markets, hedge risks and cross the whole economic cycle with low fluctuation, so as to achieve the purpose of obtaining long-term market income, global allocation and long-term stability; Equity-debt balance portfolio focuses more on the study of China market, which can capture market opportunities more flexibly to obtain excess returns and respond to the market quickly. The volatility and risk of all-weather portfolio are less than the balance of stock and debt. The basic situation of both is here. It's hard to say which is better. You can judge which one is more suitable for you according to your risk tolerance and investment preference.