The Lazy Team Simplified Permanent Portfolio vs Tyler Golden Butterfly Portfolio Portfolio Comparison

Simulation Settings

Period: January 1927 - May 2026 (~99 years)
Consolidated Returns as of 31 May 2026

Initial Amount: 1$

Rebalancing: at every Jan 1^st

Currency: USD

Inflation: US

(Change Settings)

The minimum date range must be at least 12 months. 'Date To' cannot be beyond May 2026.

Date From:

Date To:

Rebalancing:

Inflation:

Cashflows Reset

Initial Amount:

Contribution Amount:

Contribution Frequency:

Reset settings

Results

30 Years
(1996/06 - 2026/05)

All Data
(1927/01 - 2026/05)

Inflation Adjusted:

The Lazy Team Simplified Permanent Portfolio

1.00$
Invested Capital
June 1996
8.96$
Final Capital
May 2026
7.58%
Yearly Return
7.05%
Std Deviation
-16.43%
Max Drawdown
27months
Recovery Period

1.00$
Invested Capital
June 1996
4.21$
Final Capital
May 2026
4.91%
Yearly Return
7.05%
Std Deviation
-23.36%
Max Drawdown
53months
Recovery Period

1.00$
Invested Capital
January 1927
945.81$
Final Capital
May 2026
7.14%
Yearly Return
7.30%
Std Deviation
-30.22%
Max Drawdown
46months
Recovery Period

1.00$
Invested Capital
January 1927
50.37$
Final Capital
May 2026
4.02%
Yearly Return
7.30%
Std Deviation
-25.39%
Max Drawdown
35months
Recovery Period

Tyler Golden Butterfly Portfolio

1.00$
Invested Capital
June 1996
10.20$
Final Capital
May 2026
8.05%
Yearly Return
7.97%
Std Deviation
-17.79%
Max Drawdown
30months
Recovery Period

1.00$
Invested Capital
June 1996
4.80$
Final Capital
May 2026
5.37%
Yearly Return
7.97%
Std Deviation
-23.47%
Max Drawdown
51months
Recovery Period

1.00$
Invested Capital
January 1927
3.46 K$
Final Capital
May 2026
8.54%
Yearly Return
8.81%
Std Deviation
-48.31%
Max Drawdown
70months
Recovery Period

1.00$
Invested Capital
January 1927
184.09$
Final Capital
May 2026
5.39%
Yearly Return
8.81%
Std Deviation
-34.73%
Max Drawdown
44months
Recovery Period

As of May 2026, in the previous 30 Years, the The Lazy Team Simplified Permanent Portfolio obtained a 7.58% compound annual return, with a 7.05% standard deviation. It suffered a maximum drawdown of -16.43% that required 27 months to be recovered.

As of May 2026, in the previous 30 Years, the Tyler Golden Butterfly Portfolio obtained a 8.05% compound annual return, with a 7.97% standard deviation. It suffered a maximum drawdown of -17.79% that required 30 months to be recovered.

Mastering ETF Investing

A practical guide to build wealth with Lazy Portfolios and passive investing

Set your goal Evaluate with top metrics

Buy now 🇺🇸 English book

Buy now 🇮🇹 Italian book

Disclaimer: The simulations on this website are provided in good faith but should NOT be taken as investment advice. We are not liable for any errors or actions based on this information. The authors of the website are not affiliated with the portfolio creators, who are the sole owners of their intellectual property. The translation of asset allocations into ETFs is based on the interpretation of LazyPortfolioETF.com and may not exactly reflect the original intent of the portfolio creators. Content is for informational, educational, illustrative, and entertainment purposes only.

Resources & Extras

Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

The Lazy Team Simplified Permanent Portfolio

Weight (%)	Ticker	Name
25.00	VTI	Vanguard Total Stock Market
50.00	IEF	iShares 7-10 Year Treasury Bond
25.00	GLD	SPDR Gold Trust

Tyler Golden Butterfly Portfolio

Weight (%)	Ticker	Name
20.00	IJS	iShares S&P Small-Cap 600 Value
20.00	VTI	Vanguard Total Stock Market
20.00	SHY	iShares 1-3 Year Treasury Bond
20.00	TLT	iShares 20+ Year Treasury Bond
20.00	GLD	SPDR Gold Trust

Test Your Asset Allocation

Evaluate your portfolio strategy in 7 different currencies

Try the Backtest Tool

Portfolio Returns as of May 31, 2026

Returns are calculated in USD, assuming:

no fees or capital gain taxes.
rebalancing: at every Jan 1^st.
dividend reinvestment, when applicable.

Return Comparison

Capital Growth

30 Years
(1996/06 - 2026/05)

All Data
(1927/01 - 2026/05)

Inflation Adjusted:

Swipe left to see all data

	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Simplified Permanent Portfolio The Lazy Team	1 $	8.96 $	795.62%	7.58%
Golden Butterfly Tyler	1 $	10.20 $	920.44%	8.05%
	Jun 1996	May 2026

Loading data
Please wait

Swipe left to see all data

	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Simplified Permanent Portfolio The Lazy Team	1 $	4.21 $	321.29%	4.91%
Golden Butterfly Tyler	1 $	4.80 $	380.00%	5.37%
	Jun 1996	May 2026

Loading data
Please wait

Swipe left to see all data

	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Simplified Permanent Portfolio The Lazy Team	1 $	945.81 $	94 480.93%	7.14%
Golden Butterfly Tyler	1 $	3 456.66 $	345 566.31%	8.54%
	Jan 1927	May 2026

Loading data
Please wait

Swipe left to see all data

	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Simplified Permanent Portfolio The Lazy Team	1 $	50.37 $	4 937.11%	4.02%
Golden Butterfly Tyler	1 $	184.09 $	18 309.20%	5.39%
	Jan 1927	May 2026

Loading data
Please wait

Swipe left to see all data

		Return (%) as of May 31, 2026
		YTD (5M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~99Y)
	Simplified Permanent Portfolio The Lazy Team	4.03	0.92	4.40	19.38	7.75	7.85	7.58	7.14
	Golden Butterfly Tyler	6.45	1.08	6.76	22.93	7.00	8.26	8.05	8.54
Returns over 1 year are annualized.

Explore All Lazy Portfolios

Tailored Portfolios for every Investment Strategy

USD

CAD

EUR

Readings that may interest you

Portfolio Metrics as of May 31, 2026

The following metrics, updated as of 31 May 2026, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON

Period: 1 June 2025 - 31 May 2026 (1 year)

Period: 1 June 2021 - 31 May 2026 (5 years)

Period: 1 June 2016 - 31 May 2026 (10 years)

Period: 1 June 1996 - 31 May 2026 (30 years)

Period: 1 January 1927 - 31 May 2026 (~99 years)

1 Year

5 Years

10 Years

30 Years

All (1927/01 - 2026/05)

Swipe left to see all data

	Simplified Permanent Portfolio	Golden Butterfly
Author	The Lazy Team	Tyler
ASSET ALLOCATION
Stocks	25%	40%
Fixed Income	50%	40%
Commodities	25%	20%
PERFORMANCES
Annualized Return (%)	19.38	22.93
Infl. Adjusted (%)	15.14	18.55
DRAWDOWN
Deepest Drawdown Depth (%)	-5.45	-5.05
Start to Recovery (months)	3*	3*
Longest Drawdown Depth (%)	-5.45	-5.05
Start to Recovery (months)	3*	3*
Longest Negative Period (months)	3	3*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%)	8.43	8.45
Sharpe Ratio	1.84	2.25
Sortino Ratio	2.14	2.66
Ulcer Index	1.95	1.51
Ratio: Return / Standard Deviation	2.30	2.71
Ratio: Return / Deepest Drawdown	3.56	4.54
Metrics calculated over the period 1 June 2025 - 31 May 2026

Swipe left to see all data

	Simplified Permanent Portfolio	Golden Butterfly
Author	The Lazy Team	Tyler
ASSET ALLOCATION
Stocks	25%	40%
Fixed Income	50%	40%
Commodities	25%	20%
PERFORMANCES
Annualized Return (%)	7.75	7.00
Infl. Adjusted (%)	3.24	2.51
DRAWDOWN
Deepest Drawdown Depth (%)	-16.43	-17.79
Start to Recovery (months)	27	30
Longest Drawdown Depth (%)	-16.43	-17.79
Start to Recovery (months)	27	30
Longest Negative Period (months)	32	35
RISK INDICATORS
Standard Deviation (%)	8.93	10.20
Sharpe Ratio	0.49	0.35
Sortino Ratio	0.64	0.48
Ulcer Index	5.95	6.44
Ratio: Return / Standard Deviation	0.87	0.69
Ratio: Return / Deepest Drawdown	0.47	0.39
Metrics calculated over the period 1 June 2021 - 31 May 2026

Swipe left to see all data

	Simplified Permanent Portfolio	Golden Butterfly
Author	The Lazy Team	Tyler
ASSET ALLOCATION
Stocks	25%	40%
Fixed Income	50%	40%
Commodities	25%	20%
PERFORMANCES
Annualized Return (%)	7.85	8.26
Infl. Adjusted (%)	4.37	4.77
DRAWDOWN
Deepest Drawdown Depth (%)	-16.43	-17.79
Start to Recovery (months)	27	30
Longest Drawdown Depth (%)	-16.43	-17.79
Start to Recovery (months)	27	30
Longest Negative Period (months)	40	39
RISK INDICATORS
Standard Deviation (%)	7.60	8.82
Sharpe Ratio	0.75	0.69
Sortino Ratio	1.01	0.94
Ulcer Index	4.45	4.76
Ratio: Return / Standard Deviation	1.03	0.94
Ratio: Return / Deepest Drawdown	0.48	0.46
Metrics calculated over the period 1 June 2016 - 31 May 2026

Swipe left to see all data

	Simplified Permanent Portfolio	Golden Butterfly
Author	The Lazy Team	Tyler
ASSET ALLOCATION
Stocks	25%	40%
Fixed Income	50%	40%
Commodities	25%	20%
PERFORMANCES
Annualized Return (%)	7.58	8.05
Infl. Adjusted (%)	4.91	5.37
DRAWDOWN
Deepest Drawdown Depth (%)	-16.43	-17.79
Start to Recovery (months)	27	30
Longest Drawdown Depth (%)	-16.43	-17.79
Start to Recovery (months)	27	30
Longest Negative Period (months)	40	39
RISK INDICATORS
Standard Deviation (%)	7.05	7.97
Sharpe Ratio	0.76	0.73
Sortino Ratio	1.05	0.98
Ulcer Index	3.15	3.59
Ratio: Return / Standard Deviation	1.08	1.01
Ratio: Return / Deepest Drawdown	0.46	0.45
Metrics calculated over the period 1 June 1996 - 31 May 2026

Swipe left to see all data

	Simplified Permanent Portfolio	Golden Butterfly
Author	The Lazy Team	Tyler
ASSET ALLOCATION
Stocks	25%	40%
Fixed Income	50%	40%
Commodities	25%	20%
PERFORMANCES
Annualized Return (%)	7.14	8.54
Infl. Adjusted (%)	4.02	5.39
DRAWDOWN
Deepest Drawdown Depth (%)	-30.22	-48.31
Start to Recovery (months)	46	70
Longest Drawdown Depth (%)	-30.22	-23.45
Start to Recovery (months)	46	71
Longest Negative Period (months)	67	74
RISK INDICATORS
Standard Deviation (%)	7.30	8.81
Sharpe Ratio	0.52	0.59
Sortino Ratio	0.76	0.82
Ulcer Index	4.28	6.87
Ratio: Return / Standard Deviation	0.98	0.97
Ratio: Return / Deepest Drawdown	0.24	0.18
Metrics calculated over the period 1 January 1927 - 31 May 2026

Mastering ETF Investing

A practical guide to build wealth with Lazy Portfolios and passive investing

Set your goal Evaluate with top metrics

Buy now 🇺🇸 English book

Buy now 🇮🇹 Italian book

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

DRAWDOWN COMPARISON

Period: 1 June 1996 - 31 May 2026 (30 years)

Period: 1 January 1927 - 31 May 2026 (~99 years)

30 Years
(1996/06 - 2026/05)

Chart Table

Loading data
Please wait

Swipe left to see all data

Simplified Permanent Portfolio			Golden Butterfly
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-17.79	30	Jan 2022 Jun 2024
-16.43	27	Jan 2022 Mar 2024
			-14.81	19	Mar 2008 Sep 2009
-13.28	18	Mar 2008 Aug 2009
			-9.44	8	May 1998 Dec 1998
			-7.16	5	Feb 2020 Jun 2020
			-6.86	12	Jun 2002 May 2003
-6.69	11	Apr 2013 Feb 2014
			-6.37	8	Sep 2018 Apr 2019
			-6.25	14	Feb 2015 Mar 2016
-6.23	12	Aug 2016 Jul 2017
-5.45	3*	Mar 2026 In progress
-5.27	14	Feb 2015 Mar 2016
-5.09	9	Feb 1999 Oct 1999
			-5.05	3*	Mar 2026 In progress

Loading data
Please wait

Swipe left to see all data

Simplified Permanent Portfolio			Golden Butterfly
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-48.31	70	Sep 1929 Jun 1935
-30.22	46	Sep 1929 Jun 1933
			-23.45	71	Mar 1937 Jan 1943
			-17.79	30	Jan 2022 Jun 2024
			-17.05	22	May 1969 Feb 1971
-16.43	27	Jan 2022 Mar 2024
			-14.87	10	Apr 1974 Jan 1975
			-14.81	19	Mar 2008 Sep 2009
-14.34	21	Dec 1980 Aug 1982
			-13.73	5	Feb 1980 Jun 1980
-13.70	32	Mar 1937 Oct 1939
-13.28	18	Mar 2008 Aug 2009
-13.17	5	Feb 1980 Jun 1980
-13.14	21	May 1969 Jan 1971
-11.37	10	Apr 1974 Jan 1975

Rolling Returns

By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the Simulation Settings.

You can explore the Rolling Returns for a single portfolio, or check the return differential, by switching on "Head To Head" toggle.

Rolling Returns Comparison

Annualized Rolling Returns Chart

Rolling Returns Chart - Inflation Adjusted

Time Period: 1 January 1927 - 31 May 2026 (~99 years)

Rolling Period:

Simplified Permanent Portfolio
Golden Butterfly

Head To Head (Ptf 1 vs Ptf 2):

US Inflation Adjusted:

Loading data
Please wait

Yearly Returns

For each year, the following table provides the return and intra-year drawdown. The highlighted returns represent the highest values for that specific year.

Swipe left to see all data

	Simplified Permanent Portfolio		Golden Butterfly
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2026	4.03	-5.45	6.45	-5.05
2025	24.21	0.00	19.30	-0.53
2024	12.30	-2.24	10.73	-3.42
2023	11.51	-5.16	11.98	-8.08
2022	-12.67	-16.43	-13.35	-17.79
2021	3.72	-3.81	9.35	-2.45
2020	16.46	-3.11	13.93	-7.16
2019	16.15	-0.99	18.03	-1.83
2018	-1.29	-3.68	-4.03	-6.37
2017	9.78	-0.96	10.96	-0.32
2016	5.72	-6.23	10.82	-3.36
2015	-1.82	-5.27	-3.71	-6.25
2014	7.12	-2.59	9.13	-3.27
2013	-1.76	-6.69	6.26	-3.84
2012	7.59	-1.89	8.84	-2.43
2011	10.45	-3.69	8.86	-3.00
2010	16.36	-0.02	16.54	-2.77
2009	9.94	-4.96	10.77	-10.16
2008	0.94	-13.28	-4.18	-13.53
2007	14.14	-1.50	9.58	-2.06
2006	10.82	-2.47	12.44	-2.71
2005	7.34	-1.60	8.04	-1.76
2004	6.42	-4.79	9.88	-4.36
2003	15.31	-2.22	18.85	-2.72
2002	9.00	-2.60	3.15	-6.86
2001	0.15	-3.21	2.71	-4.99
2000	4.63	-2.98	6.88	-3.64
1999	2.25	-5.09	4.24	-3.38
1998	12.93	-4.63	8.03	-9.44
1997	8.38	-2.87	13.09	-2.50
1996	4.09	-3.64	8.18	-2.60
1995	21.97	0.00	21.86	-0.40
1994	-4.18	-5.67	-1.98	-4.64
1993	13.56	-1.61	14.50	-1.37
1992	4.46	-3.11	9.15	-1.58
1991	15.41	-1.06	19.14	-1.63
1990	1.55	-5.66	-2.51	-7.94
1989	15.24	-1.52	14.78	-0.89
1988	3.97	-2.03	9.18	-1.64
1987	5.46	-5.83	5.10	-10.93
1986	19.06	-1.00	17.75	-2.42
1985	24.24	-2.66	25.09	-1.93
1984	3.14	-5.27	3.75	-4.68
1983	2.74	-3.74	11.13	-2.46
1982	28.65	-5.77	28.31	-5.34
1981	-6.55	-13.29	-1.23	-8.50
1980	11.44	-13.17	15.59	-13.73
1979	38.61	-5.94	38.92	-6.53
1978	11.00	-5.48	13.30	-7.41
1977	5.09	-3.12	7.87	-1.53
1976	13.24	-2.32	20.55	-2.29
1975	6.02	-7.68	16.99	-8.68
1974	11.61	-11.37	5.51	-14.87
1973	15.34	-6.38	7.22	-5.95
1972	17.84	-2.23	17.32	-1.70
1971	14.20	-2.36	14.13	-3.04
1970	12.20	-5.73	8.32	-8.47
1969	-9.41	-11.13	-9.95	-11.26
1968	11.01	-0.78	14.16	-1.16
1967	5.38	-1.95	15.73	-1.53
1966	0.48	-4.81	-1.43	-6.81
1965	4.02	-0.86	9.98	-1.26
1964	5.99	-0.28	9.63	-0.39
1963	6.03	-0.83	9.52	-1.19
1962	0.41	-5.15	-2.25	-8.47
1961	7.10	-1.25	11.32	-1.53
1960	6.95	-1.34	4.68	-2.33
1959	2.64	-2.19	5.78	-2.67
1958	10.15	-0.76	21.04	-0.09
1957	0.51	-3.69	-1.90	-5.44
1956	0.82	-2.90	2.40	-3.74
1955	5.80	-0.45	9.05	-1.20
1954	14.04	-1.08	24.09	-1.32
1953	-0.81	-5.34	-1.25	-5.95
1952	3.54	-1.51	5.01	-1.97
1951	4.75	-1.88	5.62	-3.17
1950	6.73	-1.65	15.80	-2.07
1949	6.56	-1.06	8.87	-1.60
1948	1.37	-2.71	0.60	-4.83
1947	3.38	-1.58	3.73	-2.27
1946	-0.72	-6.02	-2.14	-9.34
1945	13.13	-0.77	23.40	-1.03
1944	6.27	-0.34	13.20	-0.29
1943	8.67	-2.39	18.24	-2.65
1942	5.07	-3.07	8.95	-4.55
1941	-0.43	-3.99	-1.87	-5.56
1940	0.90	-6.62	-0.80	-9.89
1939	2.59	-2.86	-0.30	-6.03
1938	9.29	-6.59	14.14	-10.34
1937	-8.08	-9.88	-15.74	-17.75
1936	11.10	-1.80	19.77	-2.63
1935	13.72	-1.24	19.44	-3.22
1934	6.62	-2.89	5.81	-5.68
1933	29.29	-5.58	45.52	-6.98
1932	2.29	-9.64	2.29	-16.27
1931	-12.31	-16.02	-20.79	-25.80
1930	-4.80	-9.44	-10.68	-16.78
1929	-0.60	-8.59	-3.62	-14.87
1928	10.16	-1.26	13.65	-2.02
1927	11.74	-1.08	16.03	-1.81

Mastering ETF Investing

A practical guide to build wealth with Lazy Portfolios and passive investing

Set your goal Evaluate with top metrics

Buy now 🇺🇸 English book

Buy now 🇮🇹 Italian book

Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of May 31, 2026

Portfolio Metrics as of May 31, 2026

Drawdowns

Rolling Returns

Yearly Returns