Consolidated Returns as of 31 March 2024
Holding the Harry Browne Permanent Portfolio, how long should you stay invested to have high probability to obtain a positive return?
Considering all the available data source (~153 years), the longest period with a negative return lasted 80 months (from November 1925 to June 1932).
This means that every rolling period of 81 months or above has always granted a positive return.
To obtain comprehensive information, please consult the Harry Browne Permanent Portfolio: ETF allocation and returns page.
Previous vs subsequent Returns
Considering all 10-year rolling periods, is there a relationship between past and future returns, at a given date?
In the following chart, we show how past returns (x-axis) and subsequent returns (y-axis) are related.
Neighboring data is aggregated and occurrences are indicated. It is possible to zoom by clicking or drawing the desired area
The annualized return of the last 10 years has been 5.25% (updated at Mar 31, 2024).
Rolling Returns
A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.
Annualized Rolling Returns - 1 Year (12 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +5.48% |
+46.69%
Jul 1932 - Jun 1933 |
-20.29%
Jul 1931 - Jun 1932 |
15.86%
290 out of 1828 |
US Inflation Adjusted | +3.60% |
+57.08%
Jul 1932 - Jun 1933 |
-20.75%
Nov 2021 - Oct 2022 |
30.58%
559 out of 1828 |
Annualized Rolling Returns - 2 Years (24 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +5.29% |
+30.12%
Jul 1978 - Jun 1980 |
-14.89%
Jun 1930 - May 1932 |
6.44%
117 out of 1816 |
US Inflation Adjusted | +3.84% |
+24.20%
Jun 1932 - May 1934 |
-15.42%
Dec 1916 - Nov 1918 |
22.19%
403 out of 1816 |
Annualized Rolling Returns - 3 Years (36 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +5.08% |
+22.66%
Jul 1977 - Jun 1980 |
-10.10%
Jul 1929 - Jun 1932 |
2.05%
37 out of 1804 |
US Inflation Adjusted | +3.56% |
+16.08%
Jul 1932 - Jun 1935 |
-12.87%
Feb 1917 - Jan 1920 |
15.52%
280 out of 1804 |
Annualized Rolling Returns - 4 Years (48 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +4.99% |
+19.84%
Sep 1976 - Aug 1980 |
-5.40%
Jun 1928 - May 1932 |
1.28%
23 out of 1792 |
US Inflation Adjusted | +3.58% |
+15.49%
Jun 1932 - May 1936 |
-13.08%
Jul 1916 - Jun 1920 |
12.89%
231 out of 1792 |
Annualized Rolling Returns - 5 Years (60 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +5.10% |
+17.20%
Oct 1975 - Sep 1980 |
-2.35%
Jun 1927 - May 1932 |
0.96%
17 out of 1780 |
US Inflation Adjusted | +3.59% |
+12.65%
Jul 1982 - Jun 1987 |
-10.46%
Jul 1915 - Jun 1920 |
11.85%
211 out of 1780 |
Annualized Rolling Returns - 6 Years (72 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +5.06% |
+16.82%
Oct 1974 - Sep 1980 |
-0.50%
Jul 1926 - Jun 1932 |
0.11%
2 out of 1768 |
US Inflation Adjusted | +3.68% |
+12.26%
May 1873 - Apr 1879 |
-8.67%
Jul 1914 - Jun 1920 |
12.84%
227 out of 1768 |
Annualized Rolling Returns - 7 Years (84 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +5.09% |
+15.71%
Feb 1973 - Jan 1980 |
+0.58%
Jul 1925 - Jun 1932 |
0.00%
0 out of 1756 |
US Inflation Adjusted | +3.81% |
+11.11%
Jul 1872 - Jun 1879 |
-7.21%
Jun 1913 - May 1920 |
11.39%
200 out of 1756 |
Annualized Rolling Returns - 8 Years (96 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +5.06% |
+15.69%
Feb 1972 - Jan 1980 |
+1.67%
Jul 1924 - Jun 1932 |
0.00%
0 out of 1744 |
US Inflation Adjusted | +3.73% |
+10.38%
Dec 1920 - Nov 1928 |
-6.51%
Jul 1912 - Jun 1920 |
11.30%
197 out of 1744 |
Annualized Rolling Returns - 9 Years (108 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +5.05% |
+15.61%
Jul 1971 - Jun 1980 |
+2.11%
Jun 1923 - May 1932 |
0.00%
0 out of 1732 |
US Inflation Adjusted | +3.73% |
+10.53%
Jul 1920 - Jun 1929 |
-6.52%
Jul 1911 - Jun 1920 |
11.55%
200 out of 1732 |
Annualized Rolling Returns - 10 Years (120 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +5.02% |
+15.81%
Jul 1970 - Jun 1980 |
+2.28%
Jun 1922 - May 1932 |
0.00%
0 out of 1720 |
US Inflation Adjusted | +3.68% |
+9.44%
Jun 1920 - May 1930 |
-4.49%
Dec 1910 - Nov 1920 |
10.70%
184 out of 1720 |
Annualized Rolling Returns - 11 Years (132 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +4.99% |
+14.10%
Jan 1970 - Dec 1980 |
+2.45%
Sep 1929 - Aug 1940 |
0.00%
0 out of 1708 |
US Inflation Adjusted | +3.70% |
+8.85%
Jul 1920 - Jun 1931 |
-4.23%
Aug 1909 - Jul 1920 |
10.54%
180 out of 1708 |
Annualized Rolling Returns - 12 Years (144 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +4.97% |
+13.59%
Jan 1971 - Dec 1982 |
+2.42%
May 1930 - Apr 1942 |
0.00%
0 out of 1696 |
US Inflation Adjusted | +3.79% |
+9.41%
Jul 1921 - Jun 1933 |
-3.75%
Jul 1908 - Jun 1920 |
10.50%
178 out of 1696 |
Annualized Rolling Returns - 13 Years (156 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +4.90% |
+13.85%
Jul 1970 - Jun 1983 |
+2.18%
Sep 1929 - Aug 1942 |
0.00%
0 out of 1684 |
US Inflation Adjusted | +3.64% |
+10.20%
Jul 1920 - Jun 1933 |
-2.78%
Aug 1907 - Jul 1920 |
10.33%
174 out of 1684 |
Annualized Rolling Returns - 14 Years (168 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +4.87% |
+13.01%
Apr 1972 - Mar 1986 |
+2.57%
Sep 1882 - Aug 1896 |
0.00%
0 out of 1672 |
US Inflation Adjusted | +3.55% |
+9.23%
Jul 1920 - Jun 1934 |
-3.26%
Aug 1906 - Jul 1920 |
10.11%
169 out of 1672 |
Annualized Rolling Returns - 15 Years (180 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +4.93% |
+13.26%
Sep 1971 - Aug 1986 |
+2.64%
Sep 1881 - Aug 1896 |
0.00%
0 out of 1660 |
US Inflation Adjusted | +3.55% |
+8.89%
Aug 1920 - Jul 1935 |
-2.93%
Aug 1905 - Jul 1920 |
7.95%
132 out of 1660 |
Annualized Rolling Returns - 16 Years (192 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +4.85% |
+13.44%
Jul 1970 - Jun 1986 |
+2.78%
Jun 1881 - May 1897 |
0.00%
0 out of 1648 |
US Inflation Adjusted | +3.55% |
+9.07%
Aug 1920 - Jul 1936 |
-2.23%
Aug 1904 - Jul 1920 |
6.13%
101 out of 1648 |
Annualized Rolling Returns - 17 Years (204 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +4.85% |
+13.36%
Jul 1970 - Jun 1987 |
+3.05%
May 1881 - Apr 1898 |
0.00%
0 out of 1636 |
US Inflation Adjusted | +3.53% |
+8.50%
Aug 1920 - Jul 1937 |
-1.96%
Jun 1903 - May 1920 |
5.87%
96 out of 1636 |
Annualized Rolling Returns - 18 Years (216 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +4.85% |
+12.64%
Jul 1970 - Jun 1988 |
+3.29%
Jun 1914 - May 1932 |
0.00%
0 out of 1624 |
US Inflation Adjusted | +3.54% |
+7.95%
Aug 1920 - Jul 1938 |
-1.92%
Jun 1902 - May 1920 |
4.37%
71 out of 1624 |
Annualized Rolling Returns - 19 Years (228 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +4.90% |
+12.38%
Aug 1970 - Jul 1989 |
+3.22%
Sep 1902 - Aug 1921 |
0.00%
0 out of 1612 |
US Inflation Adjusted | +3.58% |
+7.80%
May 1873 - Apr 1892 |
-2.17%
Jul 1901 - Jun 1920 |
3.41%
55 out of 1612 |
Annualized Rolling Returns - 20 Years (240 months)
Median | Best | Worst | Negative Periods | |
---|---|---|---|---|
Annualized Rolling Return | +4.91% |
+11.96%
Jul 1970 - Jun 1990 |
+3.13%
Jul 1901 - Jun 1921 |
0.00%
0 out of 1600 |
US Inflation Adjusted | +3.61% |
+7.54%
May 1872 - Apr 1892 |
-1.29%
Jul 1900 - Jun 1920 |
2.94%
47 out of 1600 |
To obtain comprehensive information, please consult the Harry Browne Permanent Portfolio: ETF allocation and returns page.