Data Source: from March 1987 to September 2021

Last Update: 30 September 2021

The Paul Boyer 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 5 ETFs.

In the last 10 years, the portfolio obtained a 4.47% compound annual return, with a 6.45% standard deviation.

In the last 25 years, a 7.04% compound annual return, with a 7.32% standard deviation.

In 2020, the portfolio granted a 1.04% dividend yield. If you are interested in getting periodic income, please refer to the Paul Boyer Permanent Portfolio: Dividend Yield page.

Asset Allocation and ETFs

The Paul Boyer Permanent Portfolio has the following asset allocation:

25% Stocks
50% Fixed Income
25% Commodities

The Paul Boyer Permanent Portfolio can be replicated with the following ETFs:

Weight Ticker ETF Name Investment Themes
12.50 % EEM iShares MSCI Emerging Markets Equity, Emerging Markets, Large Cap
12.50 % IJR iShares Core S&P Small-Cap Equity, U.S., Small Cap
25.00 % SHY iShares 1-3 Year Treasury Bond Bond, U.S., 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 Paul Boyer Permanent Portfolio guaranteed the following returns.

PAUL BOYER PERMANENT PORTFOLIO RETURNS (%)
Last Update: 30 September 2021
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1M 3M 6M 1Y 3Y(*) 5Y(*) 10Y(*) 20Y(*) 25Y(*)
Paul Boyer Permanent Portfolio -2.33 -1.72 +1.77 +2.71 +8.59 +5.51 +4.47 +7.98 +7.04
Components
EEM
iShares MSCI Emerging Markets
-3.87 -8.65 -5.14 +15.96 +7.76 +8.29 +5.81 +10.20 +6.12
IJR
iShares Core S&P Small-Cap
-2.39 -2.92 +1.29 +57.36 +9.37 +13.54 +15.66 +11.40 +10.36
SHY
iShares 1-3 Year Treasury Bond
-0.10 +0.03 -0.02 -0.10 +2.53 +1.51 +1.03 +2.20 +3.12
TLT
iShares 20+ Year Treasury Bond
-2.91 +0.36 +7.41 -10.30 +9.25 +3.19 +4.33 +6.48 +7.06
GLD
SPDR Gold Trust
-3.22 -0.85 +2.66 -7.28 +13.35 +5.50 +0.38 +8.97 +6.02
(*) 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 Paul Boyer Permanent Portfolio: Dividend Yield page.

Historical Returns

Paul Boyer Permanent Portfolio - Historical returns and stats.

PAUL BOYER PERMANENT PORTFOLIO
Last Update: 30 September 2021
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Period Returns
Sep 2021
Standard
Deviation *
Max
Drawdown
Months
Pos - Neg
1M
-2.33%
-2.33%
Sep 2021 - Sep 2021
0 - 1
3M
-1.72%
-2.33%
Sep 2021 - Sep 2021
2 - 1
6M
+1.77%
-2.37%
Jun 2021 - Sep 2021
4 - 2
YTD
-1.67%
-3.38%
Jan 2021 - Mar 2021
4 - 5
1Y
+2.71%
5.82%
-3.38%
Jan 2021 - Mar 2021
6 - 6
3Y
+8.59%
annualized
6.80%
-3.38%
Jan 2021 - Mar 2021
22 - 14
5Y
+5.51%
annualized
6.26%
-6.72%
Feb 2018 - Oct 2018
37 - 23
10Y
+4.47%
annualized
6.45%
-9.15%
Feb 2015 - Dec 2015
70 - 50
20Y
+7.98%
annualized
7.33%
-13.66%
Mar 2008 - Oct 2008
153 - 87
25Y
+7.04%
annualized
7.32%
-13.66%
Mar 2008 - Oct 2008
185 - 115
MAX
01 Mar 1987
+7.48%
annualized
7.16%
-13.66%
Mar 2008 - Oct 2008
259 - 156
* Annualized St.Dev. of monthly returns

Best Classic Portfolios, with Medium Risk, ordered by 25 Years annualized return.

25 Years Stats
% Allocation
Portfolio Return Drawdown Stocks Bonds Comm.
Couch Potato
Scott Burns
+8.32% -27.03% 50 50 0 Compare
All Weather Portfolio
Ray Dalio
+7.92% -12.19% 30 55 15 Compare
Robo Advisor 50
Betterment
+7.70% -30.72% 49.9 50.1 0 Compare
Stocks/Bonds 40/60
+7.27% -19.17% 40 60 0 Compare
Dynamic 40/60 Income
+7.22% -29.85% 40 60 0 Compare

See all portfolios

Capital Growth

Time Range:

Drawdowns

Time Range:

Rolling Returns ( more details)

Paul Boyer Permanent Portfolio: annualized rolling and average returns

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Return (*) Negative
Periods
Rolling Period Average Best Worst
1 Year
+8.01% +25.08%
Jan 1993 - Dec 1993
-10.29%
Nov 2007 - Oct 2008
11.14%
2 Years
+7.95% +20.38%
Nov 2008 - Oct 2010
-1.58%
Feb 2012 - Jan 2014
2.55%
3 Years
+7.84% +17.66%
Nov 2008 - Oct 2011
-1.60%
Jan 2013 - Dec 2015
1.58%
5 Years
+7.80% +14.45%
Mar 2003 - Feb 2008
+1.23%
Feb 2012 - Jan 2017
0.00%
7 Years
+7.70% +12.55%
Sep 2004 - Aug 2011
+1.86%
Nov 2011 - Oct 2018
0.00%
10 Years
+7.80% +11.91%
Dec 2001 - Nov 2011
+4.42%
Sep 2011 - Aug 2021
0.00%
15 Years
+8.11% +9.26%
Dec 1997 - Nov 2012
+6.53%
Nov 1993 - Oct 2008
0.00%
20 Years
+8.08% +9.42%
Nov 1990 - Oct 2010
+6.76%
Feb 1996 - Jan 2016
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 Paul Boyer Permanent Portfolio: Rolling Returns page.

Seasonality and Yearly/Monthly Returns

Paul Boyer Permanent Portfolio Seasonality: in which months is it better to invest?

In the table below, the average monthly return is represented.

Below each return, it's also mentioned the probability of obtaining a positive monthly result (Win %).

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

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 %
0.97
68%
0.39
56%
-0.10
51%
0.87
71%
0.57
69%
0.53
54%
0.76
60%
0.56
69%
0.59
54%
0.05
59%
0.85
65%
1.48
74%
Best
Year
5.0
2006
4.3
2000
2.9
2009
4.1
2020
5.3
2003
4.9
2016
5.5
2020
3.9
2019
4.9
1998
4.3
2007
5.6
2008
8.0
1991
Worst
Year
-4.6
2009
-2.8
1994
-3.0
1994
-5.6
2004
-3.2
2013
-3.9
2013
-2.8
2002
-4.8
1998
-3.7
2014
-9.0
2008
-3.5
2016
-2.2
2011
Statistics calculated for the period Mar 1987 - Sep 2021

For further information about the seasonality, check the Asset Class Seasonality page.

Monthly Returns of Paul Boyer Permanent Portfolio

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Months
Year Return Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021
-1.67% -0.5 -1.8 -1.1 1.8 2.4 -0.7 0.3 0.4 -2.3
2020
+15.04% 1.9 0.2 -2.1 4.1 0.8 1.9 5.5 -0.8 -1.6 -0.7 1.8 3.3
2019
+13.97% 3.5 -0.1 0.8 0.2 0.1 4.0 -0.1 3.9 -1.1 1.2 -0.6 1.5
2018
-3.50% 1.3 -2.6 1.2 -1.0 0.8 -1.2 -0.1 0.1 -1.4 -2.8 1.4 0.8
2017
+11.87% 2.3 1.6 0.2 1.2 0.6 0.1 1.4 2.0 -0.6 0.4 0.6 1.5
2016
+7.19% 1.5 3.7 2.2 1.4 -1.8 4.9 2.3 -0.9 0.2 -2.6 -3.5 -0.1
2015
-5.29% 4.3 -2.0 -0.2 -0.3 -0.8 -1.6 -1.5 -1.1 -0.7 1.9 -1.9 -1.3
2014
+6.63% 0.9 2.7 -0.2 0.5 0.4 2.3 -1.3 2.3 -3.7 1.1 0.6 1.1
2013
-5.67% -0.2 -1.1 0.6 -0.5 -3.2 -3.9 2.2 0.1 1.0 1.4 -1.0 -1.0
2012
+6.80% 5.0 -0.5 -1.4 0.7 -1.8 1.3 1.1 1.4 1.5 -1.3 0.6 0.1
2011
+8.99% -2.8 2.4 1.5 3.6 0.0 -1.6 2.8 3.8 -2.7 3.3 0.9 -2.2
2010
+15.54% -0.8 1.5 1.2 3.1 0.0 1.2 0.4 2.4 3.1 0.7 0.2 1.6
2009
+12.50% -4.6 -2.1 2.9 1.4 4.5 -1.5 3.8 0.6 4.5 -0.9 5.6 -1.8
2008
+1.32% 1.9 1.5 -1.5 -0.5 0.4 -0.2 -0.8 -1.9 -0.7 -9.0 5.6 7.5
2007
+16.13% 0.7 1.2 0.2 1.6 0.0 -0.3 1.0 1.3 4.6 4.3 -0.9 1.4
2006
+12.57% 5.0 -0.6 0.8 3.5 -2.5 -1.1 1.4 0.9 -0.7 2.2 3.6 -0.4
2005
+11.99% -0.4 1.9 -1.9 0.6 1.1 2.6 0.4 1.3 2.0 -2.1 3.2 2.8
2004
+9.39% 0.2 1.2 2.4 -5.6 0.7 1.3 -1.0 2.5 2.2 1.7 3.3 0.6
2003
+17.95% 0.9 -1.5 -1.4 2.5 5.3 -0.4 -0.4 3.4 2.1 1.6 1.6 3.1
2002
+9.85% 1.5 1.9 0.8 2.3 1.2 -1.7 -2.8 2.3 0.5 -0.4 1.0 3.1
2001
+3.66% 1.5 -1.1 -2.7 1.9 1.0 0.6 -0.1 1.0 -1.1 1.6 -0.2 1.2
2000
+2.00% -1.2 4.3 -1.5 -2.0 -1.6 4.2 -1.4 1.9 -1.4 -1.5 -0.7 3.1
1999
+9.10% -0.1 -2.0 1.1 4.0 -2.4 1.1 -1.4 -0.8 4.2 0.7 1.3 3.5
1998
+2.30% 0.8 1.4 1.4 1.0 -3.1 -0.1 -1.5 -4.8 4.9 1.2 1.6 -0.2
1997
+0.72% -0.8 1.0 -2.3 0.1 2.8 1.1 2.0 -2.5 3.0 -3.3 -0.8 0.6
1996
+3.88% 2.7 -1.5 -0.3 0.3 0.6 -0.4 -1.8 1.0 1.2 0.9 1.5 -0.3
1995
+14.46% -1.0 1.7 1.5 1.4 3.2 1.2 0.6 0.7 1.0 -0.2 1.8 1.7
1994
-5.01% 1.1 -2.8 -3.0 -0.5 0.9 -0.8 1.4 1.9 -0.8 -0.5 -1.7 -0.2
1993
+25.08% 3.2 0.8 2.7 1.7 1.2 2.9 2.9 0.8 -0.7 3.5 -1.4 5.3
1992
+3.02% 0.4 -0.1 -1.7 -0.1 3.2 -1.7 3.7 -1.9 0.9 -0.8 0.6 0.7
1991
+24.71% 1.1 3.4 0.4 1.1 3.0 -1.7 1.1 3.1 2.0 2.5 -1.4 8.0
1990
+0.64% -1.7 -0.4 -2.1 -1.4 3.2 0.9 3.3 -4.7 -1.1 0.5 2.7 1.8
1989
+21.34% 1.9 0.4 -0.5 2.5 2.3 1.7 1.5 1.5 2.9 0.2 3.2 2.1
1988
+7.47% 3.3 0.4 0.4 -0.2 -0.6 3.6 -1.2 -1.2 0.6 1.7 -0.5 0.9

* Note:
Portofolio Returns, up to December 2004, 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:

  • EEM - iShares MSCI Emerging Markets: simulated historical serie, up to December 2003
  • IJR - iShares Core S&P Small-Cap: simulated historical serie, up to December 2000
  • SHY - iShares 1-3 Year Treasury Bond: simulated historical serie, up to December 2002
  • 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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