Last Update: 31 July 2020

The Harry Browne Permanent Portfolio is exposed for 25% on the Stock Market and for 25% on Commodities.

It's a Medium Risk portfolio and it can be replicated with 4 ETFs.

In the last 10 years, the portfolio obtained a 7.36% compound annual return, with a 6.12% standard deviation.

In 2019, the portfolio granted a 1.73% dividend yield. If you are interested in getting periodic income, please refer to the Harry Browne Permanent Portfolio: Dividend Yield page.

Asset Allocation and ETFs

The Harry Browne Permanent Portfolio has the following asset allocation:

25% Stocks
50% Fixed Income
25% Commodities

The Harry Browne Permanent Portfolio can be replicated with the following ETFs:

Weight Ticker ETF Name Investment Themes
25.00 % VTI Vanguard Total Stock Market Equity, U.S., Large Cap
25.00 % BIL SPDR Blmbg Barclays 1-3 Mth T-Bill Bond, U.S., Ultra Short-Term
25.00 % TLT iShares 20+ Year Treasury Bond Bond, U.S., Long-Term
25.00 % GLD SPDR Gold Trust Commodity, Gold
Most of Lazy Portfolios are made of common components (asset classes), very simple and well defined. For a more complete view, find out the most common ETFs you can use to build your portfolio.

Portfolio and ETF Returns

The Harry Browne Permanent Portfolio guaranteed the following returns.

HARRY BROWNE PERMANENT PORTFOLIO RETURNS (%)
Last Update: 31 July 2020
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1M 3M 6M 1Y 3Y(*) 5Y(*) 10Y(*)
Harry Browne Permanent Portfolio +5.41 +8.19 +11.47 +20.70 +10.89 +8.59 +7.36
Components
VTI - Vanguard Total Stock Market +5.74 +14.00 +2.15 +10.85 +11.37 +10.87 +13.59
BIL - SPDR Blmbg Barclays 1-3 Mth T-Bill +0.01 -0.01 +0.30 +1.13 +1.52 +0.98 +0.46
TLT - iShares 20+ Year Treasury Bond +4.44 +2.94 +18.18 +31.13 +13.96 +9.49 +8.43
GLD - SPDR Gold Trust +10.79 +16.77 +24.17 +39.20 +15.37 +12.06 +4.85
(*) annualized
Portfolio returns are calculated assuming:
  • a rebalancing of the components at the beginning of each year (i.e. at every January 1st)
  • the reinvestment of dividends

If you are interested in getting periodic income, please refer to the Harry Browne Permanent Portfolio: Dividend Yield page.

Historical Returns

Harry Browne Permanent Portfolio - Historical returns and stats.

HARRY BROWNE PERMANENT PORTFOLIO
Last Update: 31 July 2020
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Period Returns
Jul 2020
Standard
Deviation *
Max
Drawdown
Months
Pos - Neg
1M
+5.41%
0.00%
1 - 0
3M
+8.19%
0.00%
3 - 0
6M
+11.47%
-1.68%
Feb 2020 - Mar 2020
4 - 2
YTD
+14.89%
-1.68%
Feb 2020 - Mar 2020
5 - 2
1Y
+20.70%
7.52%
-1.68%
Feb 2020 - Mar 2020
9 - 3
3Y
+10.89%
annualized
6.08%
-4.27%
Feb 2018 - Oct 2018
27 - 9
5Y
+8.59%
annualized
6.18%
-6.98%
Aug 2016 - Dec 2016
39 - 21
10Y
+7.36%
annualized
6.12%
-6.98%
Aug 2016 - Dec 2016
74 - 46
MAX
01 Jan 1978
+8.54%
annualized
7.19%
-12.62%
Mar 2008 - Oct 2008
330 - 181

* Annualized St.Dev. of monthly returns

Best Medium Risk Porftolios, ordered by 10Y annualized return.

Portfolio 10Y Return ▾ Stocks Bonds Comm.
Couch Potato
Scott Burns
+8.84% 50 50 0 Compare
All Weather Portfolio
Ray Dalio
+8.11% 30 55 15 Compare
Stocks/Bonds 40/60
+7.85% 40 60 0 Compare
Permanent Portfolio
Harry Browne
+7.36% 25 50 25
Edge Select Moderately Conservative
Merrill Lynch
+6.83% 37 63 0 Compare

See all portfolios

Capital Growth

Time Range:

Drawdowns

Time Range:

Rolling Returns

Harry Browne Permanent Portfolio: annualized rolling and average returns

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Return (*) Negative
Periods
Rolling Period Average Best Worst
1 Year
+8.62% +45.29%
Feb 1979 - Jan 1980
-9.87%
Oct 1980 - Sep 1981
12.40%
2 Years
+8.23% +30.12%
Jul 1978 - Jun 1980
-4.36%
Jul 1980 - Jun 1982
1.02%
3 Years
+7.93% +21.45%
Jan 1978 - Dec 1980
+0.68%
Oct 2012 - Sep 2015
0.00%
5 Years
+7.87% +16.49%
May 1978 - Apr 1983
+2.72%
Feb 2012 - Jan 2017
0.00%
7 Years
+7.84% +14.07%
Apr 1979 - Mar 1986
+3.19%
Nov 2011 - Oct 2018
0.00%
10 Years
+7.79% +13.00%
Feb 1978 - Jan 1988
+5.58%
Mar 2008 - Feb 2018
0.00%
15 Years
+7.65% +11.02%
Jul 1978 - Jun 1993
+5.69%
Aug 1987 - Jul 2002
0.00%

* Annualized rolling and average returns over full calendar month periods

Yearly Returns - Monthly Returns Heatmap

Swipe left to see all data
Months
Year Return Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020
+14.89% 3.1 -0.3 -1.3 4.8 1.3 1.3 5.4
2019
+16.17% 3.0 0.5 1.4 0.5 0.3 4.1 0.5 4.2 -1.1 0.9 0.1 0.9
2018
-1.76% 1.3 -2.2 0.4 -0.6 0.9 -0.5 0.0 0.8 -0.8 -2.2 1.1 0.2
2017
+10.97% 2.0 2.2 -0.3 1.1 0.7 -0.1 0.9 2.0 -0.8 0.4 1.1 1.3
2016
+5.54% 1.3 3.6 1.3 1.4 -1.1 4.2 2.0 -1.1 -0.2 -2.5 -3.3 -0.1
2015
-3.06% 3.9 -1.8 -0.6 -0.8 -0.1 -1.8 -0.1 -0.9 -0.7 2.4 -1.7 -0.7
2014
+9.40% 1.6 2.9 -0.5 0.7 0.5 2.1 -1.3 2.4 -2.6 0.7 1.4 1.2
2013
-2.08% 0.4 -0.6 1.2 -0.2 -2.4 -3.5 2.6 -0.2 0.3 1.6 -0.9 -0.2
2012
+6.41% 4.0 -0.3 -0.5 0.9 -1.2 1.2 1.4 1.6 1.2 -1.4 0.4 -0.9
2011
+11.11% -1.9 2.8 0.5 3.6 0.1 -1.7 2.7 4.2 -1.4 2.7 0.9 -1.7
2010
+13.92% -0.5 1.6 1.0 2.8 0.0 0.7 -0.1 2.6 2.6 0.7 0.3 1.5
2009
+7.85% -3.9 -2.5 2.0 0.1 3.3 -1.2 2.8 1.5 3.2 -0.3 5.5 -2.6
2008
+0.87% 1.8 0.8 -1.3 -0.7 0.1 -0.1 -0.6 -1.5 -0.6 -8.5 5.6 6.5
2007
+12.69% 1.0 1.2 -0.3 1.9 -0.1 -1.1 0.6 1.2 3.8 2.8 -0.3 1.6
2006
+10.94% 3.0 0.1 0.5 3.0 -1.1 -1.0 1.5 1.0 -0.2 1.5 3.1 -0.7
2005
+8.91% -0.6 0.9 -0.9 0.8 0.8 1.8 -0.1 1.0 1.1 -1.3 2.9 2.2
2004
+6.83% 0.1 0.7 1.8 -4.2 0.6 1.0 -0.8 2.1 1.2 1.5 2.2 0.6
2003
+13.32% 0.7 -1.0 -1.1 2.5 4.9 -1.1 -1.3 2.4 1.9 0.8 1.3 2.6
2002
+5.85% 0.6 1.2 0.3 0.4 1.4 -1.8 -2.3 2.1 0.1 0.0 1.1 2.6
2001
-0.52% 0.3 -1.7 -2.5 1.8 0.8 0.2 0.2 -0.1 0.2 0.6 -0.1 0.0
2000
+2.40% -1.2 2.4 0.9 -1.5 -1.1 3.2 -0.9 2.5 -1.6 -0.7 -1.0 1.7
1999
+5.17% 1.0 -1.9 0.4 2.0 -2.4 0.6 -1.4 -0.3 3.6 1.8 0.2 1.8
1998
+10.09% 2.0 1.1 1.8 1.3 -1.6 1.9 -1.3 -4.2 4.3 1.3 2.1 1.2
1997
+7.19% -0.3 0.9 -2.3 1.3 2.6 1.0 3.1 -1.7 2.9 -1.5 0.5 0.7
1996
+5.08% 2.0 -1.0 -0.4 0.0 0.7 -0.2 -1.2 0.7 1.7 1.4 2.2 -1.0
1995
+18.11% 0.8 1.9 2.0 1.0 2.6 1.4 0.6 0.9 1.7 0.5 2.2 1.2
1994
-1.37% 0.5 -1.3 -1.5 -0.9 1.0 -0.8 1.3 1.2 -0.5 -0.3 -0.8 0.8
1993
+12.00% 0.8 0.8 1.5 0.8 2.6 1.3 2.0 0.0 -1.0 1.6 -0.9 2.1
1992
+3.57% -0.7 0.5 -1.6 0.0 1.0 0.3 3.1 -1.5 1.3 -0.8 0.9 1.1
1991
+11.72% 0.3 1.8 0.5 0.7 1.4 -0.9 1.5 0.8 1.0 0.7 -0.5 3.9
1990
+1.11% -1.5 0.0 -1.8 -1.3 3.1 -0.1 1.4 -2.2 0.6 -1.4 3.1 1.5
1989
+12.90% 1.3 -1.2 0.7 1.8 1.1 2.3 2.5 -0.4 0.5 0.8 2.7 0.1
1988
+4.39% 1.0 0.1 0.7 -0.3 0.0 1.5 -0.5 -1.0 0.6 2.1 -0.3 0.4
1987
+7.42% 4.4 2.0 1.3 0.5 -0.3 1.4 2.1 0.4 -1.0 -4.8 -0.1 1.6
1986
+17.64% 2.2 4.0 4.9 0.1 0.5 2.5 -1.3 4.6 -0.5 -0.1 0.5 -0.8
1985
+20.47% 3.3 -2.1 4.2 0.1 3.3 1.4 0.5 1.1 -1.5 2.2 3.3 3.3
1984
+2.22% -0.3 0.1 -0.4 -0.9 -2.0 0.6 -0.7 4.3 0.7 1.3 0.0 -0.2
1983
+3.46% 2.5 -2.7 1.3 3.9 -0.1 0.3 -1.8 -0.2 1.4 -2.3 2.8 -1.5
1982
+23.27% -1.3 -2.1 -2.2 5.0 -2.4 -1.5 2.8 9.6 1.6 6.7 3.2 2.6
1981
-5.34% -4.6 -1.2 3.5 -2.9 1.9 -2.4 -1.5 -1.4 -1.5 3.5 4.0 -2.4
1980
+13.65% 6.8 -2.3 -9.3 5.9 3.9 7.7 -1.4 0.8 2.0 -1.5 2.8 -1.3
1979
+39.77% 2.7 1.0 1.0 0.7 3.5 2.4 2.2 3.6 7.7 -4.5 5.1 9.3
1978
+12.78% 0.1 0.9 0.8 0.5 2.6 -0.4 4.4 2.8 0.9 0.3 -5.3 5.0

* Note:
Portofolio Returns, up to December 2007, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets, instead of the actual ETFs of the portfolio.

In particular, it has been used:

VTI - Vanguard Total Stock Market: simulated historical serie, up to December 2001

BIL - SPDR Blmbg Barclays 1-3 Mth T-Bill: simulated historical serie, up to December 2007

TLT - iShares 20+ Year Treasury Bond: simulated historical serie, up to December 2002

GLD - SPDR Gold Trust: simulated historical serie, up to December 2004

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