Last Update: 30 September 2020

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 5.14% compound annual return, with a 6.63% standard deviation.

In 2019, the portfolio granted a 1.80% 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 2020
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1M 3M 6M 1Y 3Y(*) 5Y(*) 10Y(*)
Paul Boyer Permanent Portfolio -1.57 +2.98 +10.11 +12.42 +7.46 +7.46 +5.14
Components
EEM - iShares MSCI Emerging Markets -1.01 +10.25 +29.94 +10.81 +1.84 +8.47 +1.94
IJR - iShares Core S&P Small-Cap -4.65 +3.28 +26.13 -8.20 -0.34 +7.22 +10.56
SHY - iShares 1-3 Year Treasury Bond 0.00 +0.07 +0.29 +3.45 +2.50 +1.67 +1.15
TLT - iShares 20+ Year Treasury Bond +0.77 -0.07 -0.30 +16.11 +11.92 +8.26 +7.36
GLD - SPDR Gold Trust -4.17 +5.83 +19.64 +27.54 +13.36 +10.63 +3.31
(*) 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 2020
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Period Returns
Sep 2020
Standard
Deviation *
Max
Drawdown
Months
Pos - Neg
1M
-1.57%
-1.57%
Sep 2020 - Sep 2020
0 - 1
3M
+2.98%
-2.40%
Aug 2020 - Sep 2020
1 - 2
6M
+10.11%
-2.40%
Aug 2020 - Sep 2020
4 - 2
YTD
+10.14%
-2.40%
Aug 2020 - Sep 2020
6 - 3
1Y
+12.42%
7.38%
-2.40%
Aug 2020 - Sep 2020
8 - 4
3Y
+7.46%
annualized
6.47%
-6.72%
Feb 2018 - Oct 2018
23 - 13
5Y
+7.46%
annualized
6.58%
-6.74%
Aug 2016 - Dec 2016
39 - 21
10Y
+5.14%
annualized
6.63%
-9.15%
Feb 2015 - Dec 2015
72 - 48
MAX
01 Jan 1995
+7.36%
annualized
7.20%
-13.66%
Mar 2008 - Oct 2008
194 - 115

* 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
+8.67% 50 50 0 Compare
Stocks/Bonds 40/60
+7.64% 40 60 0 Compare
All Weather Portfolio
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+7.44% 30 55 15 Compare
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+6.62% 25 50 25 Compare
Edge Select Moderately Conservative
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+6.58% 37 63 0 Compare

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Capital Growth

Time Range:

Drawdowns

Time Range:

Rolling Returns

Paul Boyer Permanent Portfolio: annualized rolling and average returns

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Return (*) Negative
Periods
Rolling Period Average Best Worst
1 Year
+7.36% +24.82%
Apr 2003 - Mar 2004
-10.29%
Nov 2007 - Oct 2008
13.42%
2 Years
+7.08% +20.38%
Nov 2008 - Oct 2010
-1.58%
Feb 2012 - Jan 2014
3.50%
3 Years
+7.12% +17.66%
Nov 2008 - Oct 2011
-1.60%
Jan 2013 - Dec 2015
2.19%
5 Years
+7.37% +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
+8.26% +11.91%
Dec 2001 - Nov 2011
+5.04%
Dec 2009 - Nov 2019
0.00%
15 Years
+8.32% +9.26%
Dec 1997 - Nov 2012
+6.86%
Jan 2004 - Dec 2018
0.00%

* Annualized rolling and average returns over full calendar month periods

Seasonality and Yearly/Monthly Returns

Paul Boyer Permanent Portfolio Seasonality

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Months
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average 0.9 0.5 0.1 1.0 0.2 0.5 0.4 0.8 0.8 0.0 1.0 1.1
Best 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
7.5
2008
Worst -4.6
2009
-2.6
2018
-2.7
2001
-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
Gain
Frequency
65 58 58 77 65 54 50 73 58 60 68 68

Detail of Monthly Returns

Swipe left to see all data
Months
Year Return Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020
+10.14% 1.9 0.2 -2.1 4.1 0.8 1.9 5.5 -0.8 -1.6
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

* 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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