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 6.64% compound annual return, with a 6.03% standard deviation (Last Update: October 2019).

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

Returns, capital growth, stats are calculated assuming a rebalancing of the portfolio at the beginning of each year (i.e. at every January 1st).

Historical Returns

Harry Browne Permanent Portfolio - Historical returns and stats:

Swipe left to see all data
Range Returns
Oct 2019
Standard
Deviation *
Max
Drawdown
Months
Pos - Neg
1M
+0.94%
0.00%
1 - 0
YTD
+15.03%
-1.10%
Sep 2019 - Sep 2019
9 - 1
1Y
+16.47%
5.40%
-1.10%
Sep 2019 - Sep 2019
11 - 1
3Y
+6.61%
annualized
5.26%
-4.27%
Feb 2018 - Oct 2018
25 - 11
5Y
+5.65%
annualized
5.76%
-6.98%
Aug 2016 - Dec 2016
35 - 25
10Y
+6.64%
annualized
6.03%
-6.98%
Aug 2016 - Dec 2016
73 - 47
MAX
Dec 1977
+8.32%
annualized
7.17%
-12.62%
Mar 2008 - Oct 2008
323 - 179

* Annualized St.Dev. of monthly returns

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

Portfolio 10Y Return ▾ #ETF Stocks Bonds Comm.
Couch Potato
Scott Burns
+8.64% 2 50 50 0
Stocks/Bonds 40/60
+7.76% 2 40 60 0
All Weather Portfolio
Ray Dalio
+7.65% 5 30 55 15
Edge Select Moderately Conservative
Merrill Lynch
+6.93% 12 37 63 0
Lifepath Fund
iShares
+6.71% 6 40.42 59.58 0

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
+8.48% +45.29%
Feb 1979 - Jan 1980
-9.87%
Oct 1980 - Sep 1981
12.63%
2 Years
+8.20% +30.12%
Jul 1978 - Jun 1980
-4.36%
Jul 1980 - Jun 1982
1.04%
3 Years
+7.92% +21.45%
Jan 1978 - Dec 1980
+0.68%
Oct 2012 - Sep 2015
0.00%
5 Years
+7.90% +16.49%
May 1978 - Apr 1983
+2.72%
Feb 2012 - Jan 2017
0.00%
7 Years
+7.89% +14.07%
Apr 1979 - Mar 1986
+3.19%
Nov 2011 - Oct 2018
0.00%
10 Years
+7.82% +13.00%
Feb 1978 - Jan 1988
+5.58%
Mar 2008 - Feb 2018
0.00%
15 Years
+7.66% +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

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Months
Year Return Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2019
+15.03% 3.0 0.5 1.4 0.5 0.3 4.1 0.5 4.2 -1.1 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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