Data Source: from January 1973 to June 2022
Consolidated Returns as of 30 June 2022
Live Update: Jul 05 2022, 03:00PM Eastern Time
PORTFOLIO • LIVE PERFORMANCE (USD currency)
0.28%
1 Day
Jul 05 2022, 03:00PM Eastern Time
0.22%
Current Month
July 2022

The Harry Browne Permanent Portfolio is a Medium Risk portfolio and can be implemented with 4 ETFs.

It's exposed for 25% on the Stock Market and for 25% on Commodities.

In the last 30 Years, the Harry Browne Permanent Portfolio obtained a 6.64% compound annual return, with a 6.22% standard deviation.

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 implemented 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.

According to the available data source, let's assume we built the portfolio on January 1973.

Portfolio returns are calculated in USD, assuming: July 2022 return is calculated on the hypothesis of a newly built portfolio, with the starting asset allocation.
HARRY BROWNE PERMANENT PORTFOLIO RETURNS
Consolidated returns as of 30 June 2022
Live Update: Jul 05 2022, 03:00PM Eastern Time
Swipe left to see all data
  Chg (%) Return (%)
Return (%) as of Jun 30, 2022
  1 Day Time ET(*) Jul 2022 1M 6M 1Y 5Y(*) 10Y(*) 30Y(*)
Harry Browne Permanent Portfolio -0.28 0.22 -2.62 -11.14 -7.43 5.19 4.32 6.64
US Inflation Adjusted return -2.62 -14.59 -13.95 1.53 1.82 4.07
Components
VTI
Vanguard Total Stock Market
-0.20 02:59PM
Jul 05 2022
0.85 -8.23 -21.32 -14.17 10.53 12.52 9.81
BIL
SPDR Blmbg Barclays 1-3 Mth T-Bill
0.00 02:59PM
Jul 05 2022
-0.01 0.08 0.12 0.08 0.92 0.47 2.19
TLT
iShares 20+ Year Treasury Bond
1.29 03:00PM
Jul 05 2022
2.33 -1.27 -21.88 -19.11 0.34 1.51 6.36
GLD
SPDR Gold Trust
-2.20 03:00PM
Jul 05 2022
-2.28 -1.57 -1.46 1.71 7.38 0.82 5.43
(*) Returns over 1 year are annualized
(*) Eastern Time (ET - America/New York)

US Inflation is updated to May 2022. Waiting for updates, inflation of Jun 2022 is set to 0%. Current inflation (annualized) is 1Y: 7.57% , 5Y: 3.61% , 10Y: 2.46% , 30Y: 2.47%

Portfolio Dividends

In 2021, the Harry Browne Permanent Portfolio granted a 0.73% dividend yield. If you are interested in getting periodic income, please refer to the Harry Browne Permanent Portfolio: Dividend Yield page.

Historical Returns as of Jun 30, 2022

Historical returns and stats of Harry Browne Permanent Portfolio. Total Returns and Inflation Adjusted Returns are both mentioned.

HARRY BROWNE PERMANENT PORTFOLIO
Consolidated returns as of 30 June 2022
Data Source: from January 1973 to June 2022
Swipe left to see all data
Period Return (%)
as of Jun 2022
Return (%)
Infl.Adj.
Standard
Deviation (%)
Max
Drawdown (%)
Months
Pos - Neg
1M
Jun 2022
-2.62
-2.62
-2.62
Jun 2022 - Jun 2022
0 - 1
3M
-8.78
-9.96
-8.78
Apr 2022 - Jun 2022
0 - 3
6M
-11.14
-14.59
-11.14
Jan 2022 - Jun 2022
1 - 5
YTD
-11.14
-14.59
-11.14
Jan 2022 - Jun 2022
1 - 5
1Y
-7.43
-13.95
7.70
-11.14
Jan 2022 - Jun 2022
6 - 6
50% pos
3Y(*)
4.31
-0.19
7.79
-11.14
Jan 2022 - Jun 2022
21 - 15
58% pos
5Y(*)
5.19
1.53
6.74
-11.14
Jan 2022 - Jun 2022
39 - 21
65% pos
10Y(*)
4.32
1.82
6.33
-11.14
Jan 2022 - Jun 2022
69 - 51
58% pos
15Y(*)
6.03
3.64
7.12
-12.63
Mar 2008 - Oct 2008
107 - 73
59% pos
20Y(*)
6.81
4.25
6.72
-12.63
Mar 2008 - Oct 2008
148 - 92
62% pos
25Y(*)
6.36
3.85
6.55
-12.63
Mar 2008 - Oct 2008
187 - 113
62% pos
30Y(*)
6.64
4.07
6.22
-12.63
Mar 2008 - Oct 2008
228 - 132
63% pos
MAX(*)
01 Jan 1973
8.25
4.12
7.42
-12.63
Mar 2008 - Oct 2008
378 - 216
64% pos
(*) Returns over 1 year are annualized

Returns and stats are calculated assuming a yearly rebalancing of the components weight. How do returns change with different rebalancing strategies?

Capital Growth as of Jun 30, 2022

An investment of 1000$, since July 1992, now would be worth 6883.01$, with a total return of 588.30% (6.64% annualized).

The Inflation Adjusted Capital now would be 3308.39$, with a net total return of 230.84% (4.07% annualized).
An investment of 1000$, since January 1973, now would be worth 50520.23$, with a total return of 4952.02% (8.25% annualized).

The Inflation Adjusted Capital now would be 7366.39$, with a net total return of 636.64% (4.12% annualized).

Drawdowns

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-12.63% Mar 2008 Oct 2008 8 Aug 2009 10 18
-11.14% Jan 2022 Jun 2022 6 in progress 6
-6.98% Aug 2016 Dec 2016 5 Aug 2017 8 13
-6.86% Oct 2012 Jun 2013 9 Feb 2014 8 17
-6.73% Feb 2015 Dec 2015 11 Apr 2016 4 15
-5.43% Sep 2000 Mar 2001 7 Mar 2002 12 19
-5.34% Jul 1998 Aug 1998 2 Oct 1998 2 4
-4.43% Jan 2021 Mar 2021 3 May 2021 2 5
-4.25% Feb 2018 Oct 2018 9 Feb 2019 4 13
-4.20% Apr 2004 Apr 2004 1 Oct 2004 6 7
-4.02% Jun 2002 Jul 2002 2 Dec 2002 5 7
-3.63% Feb 1994 Apr 1994 3 Feb 1995 10 13
-3.54% May 1999 Aug 1999 4 Oct 1999 2 6
-3.30% Sep 2020 Oct 2020 2 Dec 2020 2 4
-3.07% Dec 2009 Jan 2010 2 Apr 2010 3 5
-2.73% Sep 2021 Sep 2021 1 Oct 2021 1 2
-2.64% Dec 1996 Mar 1997 4 May 1997 2 6
-2.62% Sep 2014 Sep 2014 1 Dec 2014 3 4
-2.58% Apr 2000 May 2000 2 Jun 2000 1 3
-2.34% Jun 2003 Jul 2003 2 Aug 2003 1 3
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-12.63% Mar 2008 Oct 2008 8 Aug 2009 10 18
-11.68% Dec 1980 Mar 1982 16 Aug 1982 5 21
-11.38% Feb 1980 Mar 1980 2 Jun 1980 3 5
-11.15% Apr 1974 Sep 1974 6 Jan 1975 4 10
-11.14% Jan 2022 Jun 2022 6 in progress 6
-7.00% Jul 1975 Sep 1975 3 Mar 1976 6 9
-6.98% Aug 2016 Dec 2016 5 Aug 2017 8 13
-6.86% Oct 2012 Jun 2013 9 Feb 2014 8 17
-6.85% Jul 1973 Nov 1973 5 Jan 1974 2 7
-6.73% Feb 2015 Dec 2015 11 Apr 2016 4 15
-5.78% Sep 1987 Nov 1987 3 Jan 1989 14 17
-5.43% Sep 2000 Mar 2001 7 Mar 2002 12 19
-5.34% Jul 1998 Aug 1998 2 Oct 1998 2 4
-5.31% Nov 1978 Nov 1978 1 Jan 1979 2 3
-5.13% Jul 1983 Jul 1984 13 Oct 1984 3 16
-4.53% Jan 1990 Apr 1990 4 Dec 1990 8 12
-4.50% Oct 1979 Oct 1979 1 Nov 1979 1 2
-4.43% Jan 2021 Mar 2021 3 May 2021 2 5
-4.25% Feb 2018 Oct 2018 9 Feb 2019 4 13
-4.20% Apr 2004 Apr 2004 1 Oct 2004 6 7

Rolling Returns ( more details)

Harry Browne Permanent Portfolio: annualized rolling and average returns

Swipe left to see all data
Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
8.65 45.29
Feb 1979 - Jan 1980
-9.87
Oct 1980 - Sep 1981
11.15%
2 Years
8.52 30.12
Jul 1978 - Jun 1980
-4.36
Jul 1980 - Jun 1982
1.05%
3 Years
8.43 22.66
Jul 1977 - Jun 1980
0.68
Oct 2012 - Sep 2015
0.00%
5 Years
8.38 17.20
Oct 1975 - Sep 1980
2.72
Feb 2012 - Jan 2017
0.00%
7 Years
8.35 15.71
Feb 1973 - Jan 1980
3.19
Nov 2011 - Oct 2018
0.00%
10 Years
8.26 14.01
Sep 1976 - Aug 1986
4.32
Jul 2012 - Jun 2022
0.00%
15 Years
8.12 12.18
Feb 1973 - Jan 1988
5.69
Aug 1987 - Jul 2002
0.00%
20 Years
7.95 10.76
Feb 1973 - Jan 1993
6.11
Jan 1999 - Dec 2018
0.00%
(*) Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the Harry Browne Permanent Portfolio: Rolling Returns page.

Seasonality

Harry Browne Permanent Portfolio: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Win %
0.91
70%
0.54
62%
0.21
58%
0.65
68%
0.75
66%
0.57
58%
0.54
55%
0.77
61%
0.56
59%
0.41
61%
1.12
71%
1.20
73%
Best
Year
6.8
1980
6.5
1974
4.8
1986
5.9
1980
8.2
1973
7.7
1980
5.4
2020
9.6
1982
7.7
1979
7.6
1974
5.6
2008
9.3
1979
Worst
Year
-4.6
1981
-2.7
1983
-9.3
1980
-4.9
2022
-3.0
1974
-3.5
2013
-2.2
2002
-4.1
1998
-3.6
1975
-8.5
2008
-5.3
1978
-2.6
2009
Statistics calculated for the period Jan 1973 - Jun 2022

Monthly/Yearly Returns

Harry Browne Permanent Portfolio monthly and yearly returns: how is the distribution of the returns recorded so far?

MONTHLY RETURNS HISTOGRAM
378 Positive Months (64%) - 216 Negative Months (36%)
Jan 1973 - Jun 2022
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022
-11.14 -14.59 -2.9 0.5 -0.2 -4.9 -1.5 -2.6
2021
+4.21 -2.70 -1.8 -2.2 -0.5 2.8 1.9 -0.1 1.9 0.7 -2.7 2.8 0.0 1.4
2020
+16.10 +14.63 3.1 -0.3 -1.3 4.8 1.3 1.3 5.4 0.1 -1.8 -1.5 1.7 2.7
2019
+16.17 +13.60 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 -3.60 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 +8.66 2.0 2.1 -0.3 1.1 0.7 -0.1 0.9 2.0 -0.8 0.4 1.1 1.3
2016
+5.54 +3.42 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 -3.67 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 +8.69 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 -3.54 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 +4.57 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 +7.81 -1.9 2.8 0.5 3.5 0.1 -1.7 2.6 4.2 -1.4 2.7 0.9 -1.7
2010
+13.92 +12.31 -0.5 1.6 0.9 2.8 0.0 0.7 -0.1 2.6 2.6 0.7 0.3 1.5
2009
+7.85 +4.90 -3.8 -2.5 2.0 0.0 3.3 -1.2 2.8 1.5 3.2 -0.3 5.4 -2.6
2008
+0.87 +0.89 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 +8.25 1.0 1.2 -0.3 1.9 -0.1 -1.1 0.6 1.2 3.8 2.8 -0.2 1.6
2006
+10.94 +8.21 3.0 0.1 0.5 3.0 -1.1 -1.0 1.4 1.0 -0.2 1.5 3.1 -0.7
2005
+8.91 +5.40 -0.6 0.9 -0.9 0.8 0.8 1.8 -0.1 1.0 1.1 -1.3 2.9 2.1
2004
+6.83 +3.38 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 +11.06 0.6 -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 +3.29 0.6 1.2 0.3 0.4 1.4 -1.8 -2.2 2.1 0.1 0.0 1.1 2.6
2001
-0.52 -2.09 0.3 -1.7 -2.5 1.8 0.8 0.2 0.1 -0.1 0.2 0.6 -0.1 0.0
2000
+2.40 -1.00 -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 +2.43 1.0 -1.9 0.3 2.0 -2.4 0.6 -1.4 -0.3 3.6 1.8 0.2 1.8
1998
+10.09 +8.35 2.0 1.1 1.8 1.3 -1.6 1.8 -1.3 -4.1 4.3 1.3 2.1 1.2
1997
+7.19 +5.40 -0.3 0.9 -2.3 1.3 2.6 1.0 3.1 -1.7 2.9 -1.5 0.5 0.6
1996
+5.08 +1.65 2.0 -1.0 -0.3 0.0 0.7 -0.2 -1.1 0.7 1.7 1.4 2.2 -0.9
1995
+18.11 +15.20 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 -3.87 0.5 -1.3 -1.5 -0.9 0.9 -0.8 1.2 1.1 -0.5 -0.3 -0.8 0.8
1993
+12.00 +8.93 0.8 0.8 1.5 0.8 2.6 1.3 2.0 0.0 -0.9 1.6 -0.9 2.1
1992
+3.57 +0.59 -0.7 0.5 -1.6 0.0 0.9 0.3 3.1 -1.5 1.3 -0.8 0.9 1.1
1991
+11.72 +8.48 0.3 1.8 0.5 0.7 1.4 -0.9 1.5 0.8 1.0 0.7 -0.5 3.8
1990
+1.11 -4.84 -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 +7.89 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 -0.02 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 +2.96 4.4 2.0 1.3 0.5 -0.2 1.4 2.1 0.4 -0.9 -4.8 -0.1 1.6
1986
+17.64 +16.26 2.2 4.0 4.8 0.1 0.5 2.5 -1.3 4.6 -0.5 -0.1 0.5 -0.8
1985
+20.47 +16.07 3.3 -2.0 4.1 0.1 3.3 1.4 0.5 1.1 -1.5 2.2 3.3 3.2
1984
+2.22 -1.75 -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 -0.31 2.5 -2.7 1.3 3.9 -0.1 0.3 -1.8 -0.2 1.4 -2.3 2.7 -1.4
1982
+23.27 +18.73 -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 -13.09 -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 +1.16 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 +23.41 2.7 1.0 1.0 0.6 3.4 2.4 2.2 3.5 7.7 -4.5 5.1 9.3
1978
+12.78 +3.48 0.1 0.8 0.8 0.5 2.6 -0.4 4.4 2.8 0.9 0.3 -5.3 5.0
1977
+6.43 -0.24 -2.0 1.6 1.2 0.1 -0.7 1.8 -0.1 0.5 1.6 0.3 1.1 0.9
1976
+11.22 +5.89 1.5 1.2 0.7 -0.3 -1.1 1.6 -1.8 -1.0 3.4 0.9 2.2 3.4
1975
+6.98 -0.14 2.8 3.0 -0.1 -0.2 2.3 2.2 -1.9 -1.7 -3.6 3.1 0.4 0.7
1974
+12.43 +0.29 5.0 6.5 1.0 -1.9 -3.0 -3.1 1.0 -2.1 -2.5 7.6 3.6 0.4
1973
+15.65 +6.15 -0.2 6.5 1.7 -0.5 8.2 2.7 -2.1 -4.0 0.8 -0.4 -1.3 3.9

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

Portfolio efficiency

Is the Harry Browne Permanent Portfolio actually efficient, compared to other Lazy Portfolios?

Overall Ratings

The Harry Browne Permanent Portfolio is classified as Medium Risk.

Very High Risk
Bond weight:
Less than 25%
High Risk
Bond weight:
25% - 49.99%
Medium Risk
Bond weight:
50% - 74.99%
Low Risk
Bond weight:
At least 75%
Medium Risk
Portfolios
All
Portfolios
25 Years Ann. Return
(Inflation Adjusted)
+6.36%
(+3.85%)
Bad : 1.3 / 5
Average : 2.4 / 5
Standard Deviation
over 25 Years
6.55%
Good : 3.9 / 5
Excellent : 4.2 / 5
Maximum Drawdown
over 25 Years
-12.63%
Excellent : 5 / 5
Excellent : 4.4 / 5
Easy to manage 4 ETFs
Good : 3.5 / 5
Good : 3.5 / 5
Rating assigned considering all the Medium Risk Portfolios Rating assigned considering all the Portfolios in the database

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Jul 2022 return refers to period 01-05 July 2022.
Last update: Jul 05 2022, 03:00PM Eastern Time.

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Jul 2022 return refers to period 01-05 July 2022.
Last update: Jul 05 2022, 03:00PM Eastern Time.
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