Gold To EUR Hedged Portfolio: Rebalancing Strategy

Data Source: from January 1950 to November 2025
Consolidated Returns as of 30 November 2025

Managing the Gold To EUR Hedged Portfolio with a yearly rebalancing, you would have obtained a 6.62% compound annual return in the last 30 Years.

With a quarterly rebalancing, over the same period, the return would have been 6.62%.

How do returns and drawdowns change, implementing different rebalancing strategies?

Rebalancing Strategies

In order to keep risk under control, you should rebalance assets quotes from time to time, so to keep them at the original percentage of the asset allocation.

Rebalancing can be performed in several ways.

At fixed time intervals:
  • Yearly: Jan 1st
  • Half Yearly: Jan 1st, Jul 1st
  • Quarterly: Jan 1st, Apr 1st, Jul 1st, Oct 1st
When a component (at least one) diverges from its original weight beyond a certain threshold (e.g. 5% or 10%).

Portfolio Returns as of Nov 30, 2025

Implementing different rebalancing strategies, the Gold To EUR Hedged Portfolio guaranteed the following returns.

According to the available data source, we assume we built the portfolio on January 1950.

Portfolio returns are calculated in EUR, assuming:
  • No fees or capital gain taxes
  • the reinvestment of dividends, if existing
  • the currency hedging (simulation taking into account the interest rate differentials of the countries). It is also assumed that hedged instruments have an additional expense ratio of 0.25% (yearly), compared to the US original instrument.
GOLD TO EUR HEDGED PORTFOLIO RETURNS
Period: January 1950 - November 2025
Annualized Returns
Swipe left to see all data
Return (%) and number of rebalances as of Nov 30, 2025
Rebalancing Strategy 1Y 5Y 10Y 30Y MAX
(~76Y)
No Rebalancing 53.43 (0) 15.76 (0) 11.26 (0) 6.62 (0) 5.59 (0)
Yearly Rebalancing 53.43 (1) 15.76 (5) 11.26 (10) 6.62 (30) 5.59 (76)
Half Yearly Rebalancing 53.43 (2) 15.76 (10) 11.26 (20) 6.62 (60) 5.59 (152)
Quarterly Rebalancing 53.43 (4) 15.76 (20) 11.26 (40) 6.62 (120) 5.59 (304)
5% Tolerance per asset 53.43 (0) 15.76 (0) 11.26 (0) 6.62 (0) 5.59 (0)
10% Tolerance per asset 53.43 (0) 15.76 (0) 11.26 (0) 6.62 (0) 5.59 (0)

In order to have complete information about the portfolio, please refer to the Gold To EUR Hedged Portfolio: ETF allocation and returns page.

Performances as of Nov 30, 2025

Historical returns and stats of Gold To EUR Hedged Portfolio, after implementing different rebalancing strategies.

GOLD TO EUR HEDGED PORTFOLIO PERFORMANCES
Period: January 1950 - November 2025
Swipe left to see all data
Standard Deviation
Max Drawdown (%)
Rebalancing Strategy Return % Std Dev(%) Ret. / Std Dev MaxDD(%) Ret. / MaxDD
No Rebalancing 5.59 (0) 16.72 0.33 -70.20 0.08
Yearly Rebalancing 5.59 (76) 16.72 0.33 -70.20 0.08
Half Yearly Rebalancing 5.59 (152) 16.72 0.33 -70.20 0.08
Quarterly Rebalancing 5.59 (304) 16.72 0.33 -70.20 0.08
5% Tolerance per asset 5.59 (0) 16.72 0.33 -70.20 0.08
10% Tolerance per asset 5.59 (0) 16.72 0.33 -70.20 0.08
(*) Since Jan 1950 (~76 yrs) | Annualized Returns (and number of rebalances)

Drawdowns as of Nov 30, 2025

Historical Drawdowns of Gold To EUR Hedged Portfolio, after implementing different rebalancing strategies.

GOLD TO EUR HEDGED PORTFOLIO DRAWDOWNS
Period: January 1950 - November 2025
Swipe left to see all data
Rebalancing
Tolerance per asset
No Rebalancing Yearly Half Yearly Quarterly 5% 10%
-70.20
Feb 1980 - Jan 2008
-70.20
Feb 1980 - Jan 2008
-70.20
Feb 1980 - Jan 2008
-70.20
Feb 1980 - Jan 2008
-70.20
Feb 1980 - Jan 2008
-70.20
Feb 1980 - Jan 2008
-44.87
Sep 2011 - Sep 2024
-44.87
Sep 2011 - Sep 2024
-44.87
Sep 2011 - Sep 2024
-44.87
Sep 2011 - Sep 2024
-44.87
Sep 2011 - Sep 2024
-44.87
Sep 2011 - Sep 2024
-44.78
Jan 1975 - Jul 1978
-44.78
Jan 1975 - Jul 1978
-44.78
Jan 1975 - Jul 1978
-44.78
Jan 1975 - Jul 1978
-44.78
Jan 1975 - Jul 1978
-44.78
Jan 1975 - Jul 1978
-24.92
Mar 2008 - May 2009
-24.92
Mar 2008 - May 2009
-24.92
Mar 2008 - May 2009
-24.92
Mar 2008 - May 2009
-24.92
Mar 2008 - May 2009
-24.92
Mar 2008 - May 2009
-20.97
May 1969 - Nov 1971
-20.97
May 1969 - Nov 1971
-20.97
May 1969 - Nov 1971
-20.97
May 1969 - Nov 1971
-20.97
May 1969 - Nov 1971
-20.97
May 1969 - Nov 1971
5 Worst Drawdowns - Average
-41.15 -41.15 -41.15 -41.15 -41.15 -41.15
10 Worst Drawdowns - Average
-28.08 -28.08 -28.08 -28.08 -28.08 -28.08

For a deeper insight, please refer to the Gold To EUR Hedged Portfolio: ETF allocation and returns page.