The Lazy Team Simplified Permanent Portfolio vs Tyler Pinwheel Portfolio Portfolio Comparison

Simulation Settings

Period: January 1976 - March 2026 (~50 years)
Consolidated Returns as of 31 March 2026

Initial Amount: 1$

Rebalancing: at every Jan 1^st

Currency: USD

Inflation: US

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Results

30 Years
(1996/04 - 2026/03)

All Data
(1976/01 - 2026/03)

Inflation Adjusted:

The Lazy Team Simplified Permanent Portfolio

1.00$
Invested Capital
April 1996
8.68$
Final Capital
March 2026
7.47%
Yearly Return
7.05%
Std Deviation
-16.43%
Max Drawdown
27months
Recovery Period

1.00$
Invested Capital
April 1996
4.12$
Final Capital
March 2026
4.83%
Yearly Return
7.05%
Std Deviation
-23.36%
Max Drawdown
53months
Recovery Period

1.00$
Invested Capital
January 1976
68.45$
Final Capital
March 2026
8.77%
Yearly Return
7.85%
Std Deviation
-16.43%
Max Drawdown
27months
Recovery Period

1.00$
Invested Capital
January 1976
11.62$
Final Capital
March 2026
5.00%
Yearly Return
7.85%
Std Deviation
-25.39%
Max Drawdown
35months
Recovery Period

Tyler Pinwheel Portfolio

1.00$
Invested Capital
April 1996
9.37$
Final Capital
March 2026
7.74%
Yearly Return
10.61%
Std Deviation
-36.89%
Max Drawdown
36months
Recovery Period

1.00$
Invested Capital
April 1996
4.45$
Final Capital
March 2026
5.10%
Yearly Return
10.61%
Std Deviation
-37.93%
Max Drawdown
38months
Recovery Period

1.00$
Invested Capital
January 1976
126.78$
Final Capital
March 2026
10.12%
Yearly Return
10.34%
Std Deviation
-36.89%
Max Drawdown
36months
Recovery Period

1.00$
Invested Capital
January 1976
21.52$
Final Capital
March 2026
6.30%
Yearly Return
10.34%
Std Deviation
-37.93%
Max Drawdown
38months
Recovery Period

As of March 2026, in the previous 30 Years, the The Lazy Team Simplified Permanent Portfolio obtained a 7.47% 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 March 2026, in the previous 30 Years, the Tyler Pinwheel Portfolio obtained a 7.74% compound annual return, with a 10.61% standard deviation. It suffered a maximum drawdown of -36.89% that required 36 months to be recovered.

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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 Pinwheel Portfolio

Weight (%)	Ticker	Name
15.00	EFA	iShares MSCI EAFE
15.00	VTI	Vanguard Total Stock Market
15.00	VNQ	Vanguard Real Estate
10.00	EEM	iShares MSCI Emerging Markets
10.00	IJS	iShares S&P Small-Cap 600 Value
15.00	IEI	iShares 3-7 Year Treasury Bond
10.00	BIL	SPDR Blmbg Barclays 1-3 Mth T-Bill
10.00	GLD	SPDR Gold Trust

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Portfolio Returns as of Mar 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
(1996/04 - 2026/03)

All Data
(1976/01 - 2026/03)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Simplified Permanent Portfolio The Lazy Team	1 $	8.68 $	767.99%	7.47%
Pinwheel Tyler	1 $	9.37 $	837.20%	7.74%
	Apr 1996	Mar 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Simplified Permanent Portfolio The Lazy Team	1 $	4.12 $	312.07%	4.83%
Pinwheel Tyler	1 $	4.45 $	344.93%	5.10%
	Apr 1996	Mar 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Simplified Permanent Portfolio The Lazy Team	1 $	68.45 $	6 745.34%	8.77%
Pinwheel Tyler	1 $	126.78 $	12 577.62%	10.12%
	Jan 1976	Mar 2026

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Simplified Permanent Portfolio The Lazy Team	1 $	11.62 $	1 061.98%	5.00%
Pinwheel Tyler	1 $	21.52 $	2 052.01%	6.30%
	Jan 1976	Mar 2026

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		Return (%) as of Mar 31, 2026
		YTD (3M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~50Y)
	Simplified Permanent Portfolio The Lazy Team	1.07	-5.45	5.68	19.07	8.16	7.54	7.47	8.77
	Pinwheel Tyler	1.52	-5.62	4.80	18.20	7.25	7.96	7.74	10.12
Returns over 1 year are annualized.

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Portfolio Metrics as of Mar 31, 2026

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

METRIC COMPARISON

Period: 1 April 2025 - 31 March 2026 (1 year)

Period: 1 April 2021 - 31 March 2026 (5 years)

Period: 1 April 2016 - 31 March 2026 (10 years)

Period: 1 April 1996 - 31 March 2026 (30 years)

Period: 1 January 1976 - 31 March 2026 (~50 years)

1 Year

5 Years

10 Years

30 Years

All (1976/01 - 2026/03)

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	Simplified Permanent Portfolio	Pinwheel
Author	The Lazy Team	Tyler
ASSET ALLOCATION
Stocks	25%	65%
Fixed Income	50%	25%
Commodities	25%	10%
PERFORMANCES
Annualized Return (%)	19.07	18.20
Infl. Adjusted (%)	16.22	15.37
DRAWDOWN
Deepest Drawdown Depth (%)	-5.45	-5.62
Start to Recovery (months)	1*	1*
Longest Drawdown Depth (%)	-5.45	-5.62
Start to Recovery (months)	1*	1*
Longest Negative Period (months)	2*	2*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%)	8.44	8.54
Sharpe Ratio	1.79	1.66
Sortino Ratio	2.09	1.95
Ulcer Index	1.51	1.56
Ratio: Return / Standard Deviation	2.26	2.13
Ratio: Return / Deepest Drawdown	3.50	3.24
Metrics calculated over the period 1 April 2025 - 31 March 2026

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	Simplified Permanent Portfolio	Pinwheel
Author	The Lazy Team	Tyler
ASSET ALLOCATION
Stocks	25%	65%
Fixed Income	50%	25%
Commodities	25%	10%
PERFORMANCES
Annualized Return (%)	8.16	7.25
Infl. Adjusted (%)	3.67	2.79
DRAWDOWN
Deepest Drawdown Depth (%)	-16.43	-19.49
Start to Recovery (months)	27	27
Longest Drawdown Depth (%)	-16.43	-19.49
Start to Recovery (months)	27	27
Longest Negative Period (months)	32	32
RISK INDICATORS
Standard Deviation (%)	8.98	10.96
Sharpe Ratio	0.54	0.36
Sortino Ratio	0.71	0.48
Ulcer Index	5.93	6.61
Ratio: Return / Standard Deviation	0.91	0.66
Ratio: Return / Deepest Drawdown	0.50	0.37
Metrics calculated over the period 1 April 2021 - 31 March 2026

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	Simplified Permanent Portfolio	Pinwheel
Author	The Lazy Team	Tyler
ASSET ALLOCATION
Stocks	25%	65%
Fixed Income	50%	25%
Commodities	25%	10%
PERFORMANCES
Annualized Return (%)	7.54	7.96
Infl. Adjusted (%)	4.17	4.57
DRAWDOWN
Deepest Drawdown Depth (%)	-16.43	-19.49
Start to Recovery (months)	27	27
Longest Drawdown Depth (%)	-16.43	-19.49
Start to Recovery (months)	27	27
Longest Negative Period (months)	40	34
RISK INDICATORS
Standard Deviation (%)	7.62	10.24
Sharpe Ratio	0.71	0.57
Sortino Ratio	0.97	0.75
Ulcer Index	4.43	5.22
Ratio: Return / Standard Deviation	0.99	0.78
Ratio: Return / Deepest Drawdown	0.46	0.41
Metrics calculated over the period 1 April 2016 - 31 March 2026

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	Simplified Permanent Portfolio	Pinwheel
Author	The Lazy Team	Tyler
ASSET ALLOCATION
Stocks	25%	65%
Fixed Income	50%	25%
Commodities	25%	10%
PERFORMANCES
Annualized Return (%)	7.47	7.74
Infl. Adjusted (%)	4.83	5.10
DRAWDOWN
Deepest Drawdown Depth (%)	-16.43	-36.89
Start to Recovery (months)	27	36
Longest Drawdown Depth (%)	-16.43	-36.89
Start to Recovery (months)	27	36
Longest Negative Period (months)	40	51
RISK INDICATORS
Standard Deviation (%)	7.05	10.61
Sharpe Ratio	0.74	0.52
Sortino Ratio	1.03	0.68
Ulcer Index	3.14	6.56
Ratio: Return / Standard Deviation	1.06	0.73
Ratio: Return / Deepest Drawdown	0.45	0.21
Metrics calculated over the period 1 April 1996 - 31 March 2026

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	Simplified Permanent Portfolio	Pinwheel
Author	The Lazy Team	Tyler
ASSET ALLOCATION
Stocks	25%	65%
Fixed Income	50%	25%
Commodities	25%	10%
PERFORMANCES
Annualized Return (%)	8.77	10.12
Infl. Adjusted (%)	5.00	6.30
DRAWDOWN
Deepest Drawdown Depth (%)	-16.43	-36.89
Start to Recovery (months)	27	36
Longest Drawdown Depth (%)	-16.43	-36.89
Start to Recovery (months)	27	36
Longest Negative Period (months)	40	51
RISK INDICATORS
Standard Deviation (%)	7.85	10.34
Sharpe Ratio	0.58	0.57
Sortino Ratio	0.83	0.75
Ulcer Index	3.25	5.56
Ratio: Return / Standard Deviation	1.12	0.98
Ratio: Return / Deepest Drawdown	0.53	0.27
Metrics calculated over the period 1 January 1976 - 31 March 2026

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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 April 1996 - 31 March 2026 (30 years)

Period: 1 January 1976 - 31 March 2026 (~50 years)

30 Years
(1996/04 - 2026/03)

Chart Table

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Simplified Permanent Portfolio			Pinwheel
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-36.89	36	Nov 2007 Oct 2010
			-19.49	27	Jan 2022 Mar 2024
-16.43	27	Jan 2022 Mar 2024
			-14.99	8	Jan 2020 Aug 2020
			-14.05	12	May 1998 Apr 1999
-13.28	18	Mar 2008 Aug 2009
			-12.72	11	May 2011 Mar 2012
			-11.06	13	Jun 2002 Jun 2003
			-8.88	14	Feb 2001 Mar 2002
			-8.24	15	Feb 2018 Apr 2019
			-7.70	16	Mar 2015 Jun 2016
-6.69	11	Apr 2013 Feb 2014
-6.23	12	Aug 2016 Jul 2017
			-5.90	6	Apr 2012 Sep 2012
			-5.84	5	Sep 2000 Jan 2001

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Simplified Permanent Portfolio			Pinwheel
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-36.89	36	Nov 2007 Oct 2010
			-19.49	27	Jan 2022 Mar 2024
-16.43	27	Jan 2022 Mar 2024
			-14.99	8	Jan 2020 Aug 2020
			-14.91	16	Sep 1987 Dec 1988
-14.34	21	Dec 1980 Aug 1982
			-14.05	12	May 1998 Apr 1999
-13.28	18	Mar 2008 Aug 2009
-13.17	5	Feb 1980 Jun 1980
			-12.72	11	May 2011 Mar 2012
			-12.51	14	Jan 1990 Feb 1991
			-12.10	23	Dec 1980 Oct 1982
			-11.81	5	Feb 1980 Jun 1980
			-11.06	13	Jun 2002 Jun 2003
			-8.88	14	Feb 2001 Mar 2002

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 1976 - 31 March 2026 (~50 years)

Rolling Period:

Simplified Permanent Portfolio
Pinwheel

Head To Head (Ptf 1 vs Ptf 2):

US Inflation Adjusted:

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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.

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	Simplified Permanent Portfolio		Pinwheel
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2026	1.07	-5.45	1.52	-5.62
2025	24.21	0.00	19.66	-0.60
2024	12.30	-2.24	9.66	-3.29
2023	11.51	-5.16	13.20	-8.07
2022	-12.67	-16.43	-13.57	-19.49
2021	3.72	-3.81	13.53	-3.10
2020	16.46	-3.11	9.12	-14.99
2019	16.15	-0.99	19.31	-3.16
2018	-1.29	-3.68	-6.39	-8.24
2017	9.78	-0.96	14.08	0.00
2016	5.72	-6.23	8.63	-2.93
2015	-1.82	-5.27	-2.88	-7.37
2014	7.12	-2.59	6.12	-3.95
2013	-1.76	-6.69	9.02	-4.25
2012	7.59	-1.89	12.60	-5.90
2011	10.45	-3.69	-0.25	-12.72
2010	16.36	-0.02	16.08	-7.26
2009	9.94	-4.96	24.19	-14.81
2008	0.94	-13.28	-22.51	-27.78
2007	14.14	-1.50	7.60	-4.41
2006	10.82	-2.47	19.78	-3.25
2005	7.34	-1.60	11.02	-2.58
2004	6.42	-4.79	15.19	-5.84
2003	15.31	-2.22	28.19	-3.19
2002	9.00	-2.60	-2.13	-11.06
2001	0.15	-3.21	-0.61	-8.88
2000	4.63	-2.98	1.80	-5.84
1999	2.25	-5.09	15.18	-2.13
1998	12.93	-4.63	3.43	-14.05
1997	8.38	-2.87	8.85	-4.25
1996	4.09	-3.64	13.00	-2.47
1995	21.97	0.00	14.60	-1.63
1994	-4.18	-5.67	-2.32	-6.30
1993	13.56	-1.61	24.96	-3.33
1992	4.46	-3.11	4.01	-2.90
1991	15.41	-1.06	29.20	-3.25
1990	1.55	-5.66	-7.14	-12.51
1989	15.24	-1.52	21.94	-1.96
1988	3.97	-2.03	14.95	-2.14
1987	5.46	-5.83	2.63	-14.91
1986	19.06	-1.00	21.90	-2.21
1985	24.24	-2.66	27.17	-1.91
1984	3.14	-5.27	8.12	-3.20
1983	2.74	-3.74	17.25	-1.79
1982	28.65	-5.77	13.76	-9.40
1981	-6.55	-13.29	-0.90	-8.40
1980	11.44	-13.17	18.33	-11.81
1979	38.61	-5.94	29.93	-6.94
1978	11.00	-5.48	15.63	-5.44
1977	5.09	-3.12	10.76	-0.79
1976	13.24	-2.32	19.79	-2.33

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Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of Mar 31, 2026

Portfolio Metrics as of Mar 31, 2026

Drawdowns

Rolling Returns

Yearly Returns