Stocks/Bonds 40/60 vs Harry Browne Permanent Portfolio Comparison

Last Update: 31 March 2024

The Stocks/Bonds 40/60 Portfolio obtained a 7.18% compound annual return, with a 6.96% standard deviation, in the last 30 Years.

The Harry Browne Permanent Portfolio obtained a 6.64% compound annual return, with a 6.60% standard deviation, in the last 30 Years.

Summary

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Stocks/Bonds 40/60 Portfolio Harry Browne Permanent Portfolio
Portfolio Risk Medium Medium
Asset Allocation Stocks 40% 25%
Fixed Income 60% 50%
Commodities 0% 25%
30 Years Stats Return +7.18% +6.64%
Std Dev 6.96% 6.60%
Max Drawdown -19.17% -15.92%
All time Stats
(Since Jan 1871)		 Return +6.75% +5.80%
Std Dev 7.38% 5.81%
Max Drawdown -43.68% -30.61%
Last Update: 31 March 2024

Historical Returns as of Mar 31, 2024

Comparison period starts from January 1871

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1M 6M 1Y 5Y 10Y 30Y MAX
Stocks/Bonds 40/60 Portfolio +1.71 +12.72 +12.29 +6.01 +5.91 +7.18 +6.75
Harry Browne Permanent Portfolio +3.19 +13.45 +9.29 +6.27 +5.25 +6.64 +5.80
Return over 1 year are annualized.

Capital Growth as of Mar 31, 2024

Stocks/Bonds 40/60 Portfolio: an investment of 1$, since April 1994, now would be worth 8.00$, with a total return of 699.72% (7.18% annualized).

Harry Browne Permanent Portfolio: an investment of 1$, since April 1994, now would be worth 6.88$, with a total return of 588.05% (6.64% annualized).

Stocks/Bonds 40/60 Portfolio: an investment of 1$, since January 1871, now would be worth 22305.34$, with a total return of 2230433.63% (6.75% annualized).

Harry Browne Permanent Portfolio: an investment of 1$, since January 1871, now would be worth 5659.64$, with a total return of 565863.95% (5.80% annualized).

Drawdowns

Drawdown comparison chart since April 1994.

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Stocks/Bonds 40/60 Portfolio
Harry Browne Permanent Portfolio
Drawdown Start Bottom
Date (#Months)		 Recovery
Date (#Months)		 Ulcer
Index		 Drawdown Start Bottom
Date (#Months)		 Recovery
Date (#Months)		 Ulcer
Index
-19.17% Nov 2007 Feb 2009 (16) Nov 2009 (25) 8.87
-18.63% Jan 2022 Sep 2022 (9) In progress (27) 10.80
-15.92% Jan 2022 Sep 2022 (9) Mar 2024 (27) 8.56
-12.63% Mar 2008 Oct 2008 (8) Aug 2009 (18) 4.94
-8.59% Sep 2000 Sep 2002 (25) May 2003 (33) 4.25
-8.09% Feb 2020 Mar 2020 (2) May 2020 (4) 3.88
-6.98% Aug 2016 Dec 2016 (5) Aug 2017 (13) 3.48
-6.86% Oct 2012 Jun 2013 (9) Feb 2014 (17) 3.11
-6.73% Feb 2015 Dec 2015 (11) Apr 2016 (15) 4.30
-6.25% Jul 1998 Aug 1998 (2) Nov 1998 (5) 2.81
-5.43% Sep 2000 Mar 2001 (7) Mar 2002 (19) 2.54
-5.36% Sep 2018 Dec 2018 (4) Mar 2019 (7) 2.59
-5.34% Jul 1998 Aug 1998 (2) Oct 1998 (4) 2.52
-4.76% Jun 2011 Sep 2011 (4) Dec 2011 (7) 1.98
-4.43% Jan 2021 Mar 2021 (3) May 2021 (5) 2.62
-4.25% Feb 2018 Oct 2018 (9) Feb 2019 (13) 2.22
-4.20% Apr 2004 Apr 2004 (1) Oct 2004 (7) 2.55
-4.02% Jun 2002 Jul 2002 (2) Dec 2002 (7) 2.00
-3.96% May 2010 Jun 2010 (2) Sep 2010 (5) 2.10
-3.79% Apr 2000 May 2000 (2) Aug 2000 (5) 1.92

Drawdown comparison chart since January 1871.

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Stocks/Bonds 40/60 Portfolio
Harry Browne Permanent Portfolio
Drawdown Start Bottom
Date (#Months)		 Recovery
Date (#Months)		 Ulcer
Index		 Drawdown Start Bottom
Date (#Months)		 Recovery
Date (#Months)		 Ulcer
Index
-43.68% Sep 1929 May 1932 (33) Sep 1935 (73) 20.75
-30.61% Sep 1929 May 1932 (33) Jun 1933 (46) 15.96
-21.33% Mar 1937 Mar 1938 (13) Jul 1941 (53) 7.66
-19.17% Nov 2007 Feb 2009 (16) Nov 2009 (25) 8.87
-18.63% Jan 2022 Sep 2022 (9) In progress (27) 10.80
-17.04% Jan 1973 Sep 1974 (21) May 1975 (29) 7.69
-15.92% Jan 2022 Sep 2022 (9) Mar 2024 (27) 8.56
-14.17% Mar 1937 Mar 1938 (13) Jul 1941 (53) 5.11
-13.08% Sep 1987 Nov 1987 (3) Oct 1988 (14) 6.07
-12.84% Dec 1968 Jun 1970 (19) Nov 1970 (24) 6.66
-12.63% Mar 2008 Oct 2008 (8) Aug 2009 (18) 4.94
-11.68% Dec 1980 Mar 1982 (16) Aug 1982 (21) 7.51
-11.62% Oct 1906 Nov 1907 (14) Jul 1908 (22) 5.75
-11.38% Feb 1980 Mar 1980 (2) Jun 1980 (5) 5.46
-11.15% Apr 1974 Sep 1974 (6) Jan 1975 (10) 5.73
-11.05% Feb 1893 Aug 1893 (7) Feb 1895 (25) 4.82
-10.91% May 1969 Jun 1970 (14) Jan 1971 (21) 6.39
-10.88% Oct 1895 Aug 1896 (11) Jun 1897 (21) 4.82
-10.74% Apr 1876 Jun 1877 (15) Apr 1878 (25) 5.37
-10.22% Oct 1902 Nov 1903 (14) Oct 1904 (25) 6.09

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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Year Return Drawdown Return Drawdown
2024
+3.41%
 0.00%
+3.69%
 -0.53%
2023
+13.66%
 -6.58%
+11.55%
 -5.68%
2022
-15.67%
 -18.63%
-12.53%
 -15.92%
2021
+9.15%
 -2.56%
+4.21%
 -4.43%
2020
+13.04%
 -8.09%
+16.10%
 -3.30%
2019
+17.57%
 -1.77%
+16.17%
 -1.10%
2018
-2.15%
 -5.36%
-1.76%
 -4.25%
2017
+10.63%
 -0.00%
+10.97%
 -0.83%
2016
+6.64%
 -1.57%
+5.54%
 -6.98%
2015
+0.48%
 -3.41%
-3.06%
 -6.73%
2014
+8.51%
 -1.20%
+9.40%
 -2.62%
2013
+12.12%
 -1.84%
-2.08%
 -6.04%
2012
+8.47%
 -2.11%
+6.41%
 -1.83%
2011
+5.14%
 -4.76%
+11.11%
 -1.85%
2010
+10.69%
 -3.96%
+13.92%
 -0.53%
2009
+13.74%
 -8.68%
+7.85%
 -6.22%
2008
-10.67%
 -14.39%
+0.87%
 -12.63%
2007
+6.30%
 -1.93%
+12.69%
 -1.20%
2006
+8.84%
 -1.40%
+10.94%
 -2.12%
2005
+3.96%
 -1.77%
+8.91%
 -1.25%
2004
+7.66%
 -2.46%
+6.83%
 -4.20%
2003
+14.68%
 -1.08%
+13.32%
 -2.34%
2002
-3.23%
 -6.97%
+5.85%
 -4.02%
2001
+0.67%
 -5.62%
-0.52%
 -4.13%
2000
+2.61%
 -4.51%
+2.40%
 -3.23%
1999
+9.07%
 -2.57%
+5.17%
 -3.54%
1998
+14.45%
 -6.25%
+10.09%
 -5.34%
1997
+18.06%
 -2.41%
+7.19%
 -2.33%
1996
+10.53%
 -2.15%
+5.08%
 -2.02%
1995
+25.22%
 0.00%
+18.11%
 0.00%
1994
-1.66%
 -5.98%
-1.37%
 -3.63%
1993
+10.06%
 -1.23%
+12.00%
 -0.99%
1992
+7.93%
 -1.27%
+3.57%
 -1.77%
1991
+22.10%
 -1.98%
+11.72%
 -0.88%
1990
+2.76%
 -5.70%
+1.11%
 -4.53%
1989
+19.43%
 -1.12%
+12.90%
 -1.18%
1988
+11.34%
 -1.71%
+4.39%
 -1.50%
1987
+1.97%
 -13.08%
+7.42%
 -5.78%
1986
+14.89%
 -4.37%
+17.64%
 -1.28%
1985
+25.86%
 -1.17%
+20.47%
 -2.05%
1984
+9.88%
 -5.84%
+2.22%
 -3.58%
1983
+12.20%
 -2.64%
+3.46%
 -2.83%
1982
+26.88%
 -2.17%
+23.27%
 -5.51%
1981
+3.99%
 -6.81%
-5.34%
 -9.88%
1980
+14.99%
 -8.39%
+13.65%
 -11.38%
1979
+12.91%
 -6.34%
+39.77%
 -4.50%
1978
+4.07%
 -5.90%
+12.78%
 -5.31%
1977
-0.72%
 -3.59%
+6.43%
 -2.00%
1976
+18.84%
 -1.06%
+11.22%
 -2.75%
1975
+19.54%
 -5.93%
+6.98%
 -7.00%
1974
-7.71%
 -13.50%
+12.43%
 -11.15%
1973
-4.59%
 -5.73%
+15.65%
 -6.85%
1972
+8.68%
 -1.10%
+18.84%
 -1.56%
1971
+12.75%
 -5.80%
+12.86%
 -1.09%
1970
+12.26%
 -8.78%
+7.89%
 -4.68%
1969
-5.38%
 -7.12%
-6.38%
 -8.20%
1968
+7.09%
 -3.10%
+9.27%
 -1.10%
1967
+10.63%
 -2.31%
+6.11%
 -1.37%
1966
-0.51%
 -7.40%
-0.04%
 -3.86%
1965
+6.11%
 -1.52%
+4.59%
 -0.95%
1964
+8.90%
 -0.46%
+6.00%
 -0.25%
1963
+9.44%
 -1.27%
+6.05%
 -0.74%
1962
-0.42%
 -8.22%
-0.23%
 -4.93%
1961
+11.57%
 -1.78%
+6.50%
 -1.00%
1960
+8.19%
 -2.58%
+5.64%
 -1.14%
1959
+4.09%
 -3.21%
+2.72%
 -1.85%
1958
+16.24%
 -0.74%
+9.97%
 -0.31%
1957
+1.17%
 -4.90%
+0.57%
 -2.86%
1956
+2.47%
 -3.96%
+1.35%
 -2.43%
1955
+9.83%
 -0.87%
+6.24%
 -0.67%
1954
+21.93%
 -1.61%
+14.12%
 -0.94%
1953
+2.45%
 -4.06%
-0.87%
 -4.16%
1952
+6.80%
 -2.08%
+3.37%
 -1.26%
1951
+8.33%
 -2.81%
+4.37%
 -1.85%
1950
+12.06%
 -2.45%
+7.47%
 -1.53%
1949
+10.62%
 -1.47%
+6.13%
 -1.15%
1948
+2.50%
 -4.32%
+1.16%
 -2.70%
1947
+1.27%
 -2.13%
+3.61%
 -1.52%
1946
-2.08%
 -9.26%
-0.66%
 -5.77%
1945
+18.36%
 -1.37%
+12.40%
 -0.87%
1944
+9.86%
 -0.57%
+5.95%
 -0.36%
1943
+12.64%
 -3.58%
+8.33%
 -2.35%
1942
+7.47%
 -5.00%
+5.04%
 -3.00%
1941
-2.69%
 -6.19%
-1.49%
 -3.80%
1940
-0.28%
 -10.39%
-0.01%
 -6.09%
1939
+2.79%
 -5.09%
+1.75%
 -3.29%
1938
+13.98%
 -10.41%
+8.45%
 -6.59%
1937
-12.81%
 -15.42%
-8.65%
 -10.20%
1936
+16.17%
 -2.94%
+10.39%
 -1.85%
1935
+20.86%
 -2.56%
+12.79%
 -1.85%
1934
+5.30%
 -5.32%
+5.72%
 -3.27%
1933
+24.67%
 -9.11%
+28.60%
 -5.74%
1932
+3.90%
 -15.57%
+2.17%
 -10.03%
1931
-18.89%
 -24.29%
-12.64%
 -16.23%
1930
-6.69%
 -13.91%
-4.39%
 -9.07%
1929
-1.97%
 -13.91%
-0.83%
 -9.26%
1928
+14.91%
 -1.98%
+10.25%
 -1.14%
1927
+16.51%
 -1.80%
+11.58%
 -1.05%
1926
+7.41%
 -3.13%
+5.78%
 -1.79%
1925
+12.21%
 -2.63%
+8.98%
 -1.51%
1924
+15.54%
 -0.89%
+10.18%
 -0.44%
1923
+4.38%
 -4.74%
+3.65%
 -2.70%
1922
+14.92%
 -1.92%
+9.97%
 -1.17%
1921
+11.92%
 -3.20%
+8.74%
 -1.62%
1920
-5.48%
 -5.80%
-1.56%
 -2.72%
1919
+9.18%
 -3.41%
+6.55%
 -2.10%
1918
+10.02%
 -1.24%
+7.63%
 -0.71%
1917
-8.47%
 -8.47%
-4.88%
 -4.88%
1916
+5.41%
 -1.10%
+4.56%
 -0.66%
1915
+16.21%
 -0.82%
+10.27%
 -0.48%
1914
+1.71%
 -6.40%
+1.02%
 -3.96%
1913
+0.41%
 -2.35%
+0.91%
 -1.08%
1912
+3.79%
 -1.64%
+3.57%
 -0.83%
1911
+3.85%
 -3.88%
+2.86%
 -2.33%
1910
+1.13%
 -3.45%
+0.96%
 -1.93%
1909
+7.30%
 -0.82%
+5.56%
 -0.47%
1908
+22.62%
 -0.76%
+13.65%
 -0.55%
1907
-9.88%
 -10.61%
-5.24%
 -5.97%
1906
+0.68%
 -4.20%
+1.58%
 -1.96%
1905
+8.89%
 -2.45%
+6.99%
 -1.27%
1904
+16.35%
 -1.04%
+10.35%
 -0.56%
1903
-5.56%
 -9.38%
-2.87%
 -5.48%
1902
+3.88%
 -3.25%
+3.72%
 -1.71%
1901
+8.86%
 -3.45%
+6.40%
 -2.12%
1900
+10.62%
 -1.73%
+7.28%
 -1.02%
1899
+1.22%
 -3.83%
+2.46%
 -1.66%
1898
+14.49%
 -5.07%
+9.71%
 -2.16%
1897
+11.63%
 -1.44%
+7.76%
 -0.96%
1896
+3.73%
 -6.81%
+3.16%
 -3.48%
1895
+2.01%
 -5.62%
+2.81%
 -2.88%
1894
+5.09%
 -1.63%
+3.47%
 -0.91%
1893
-4.70%
 -11.05%
-2.22%
 -6.13%
1892
+3.70%
 -1.24%
+3.62%
 -0.58%
1891
+10.78%
 -2.88%
+6.97%
 -1.39%
1890
-1.74%
 -5.18%
-0.21%
 -2.89%
1889
+4.31%
 -1.08%
+4.74%
 -0.41%
1888
+4.61%
 -1.96%
+3.54%
 -0.99%
1887
+0.60%
 -4.61%
+1.07%
 -2.41%
1886
+5.22%
 -2.17%
+5.01%
 -0.83%
1885
+15.19%
 -0.95%
+10.08%
 -0.41%
1884
-2.59%
 -7.14%
-0.61%
 -3.78%
1883
+0.38%
 -2.52%
+0.77%
 -1.33%
1882
+3.29%
 -2.59%
+3.35%
 -1.31%
1881
+2.17%
 -4.53%
+2.94%
 -1.91%
1880
+13.77%
 -3.35%
+9.92%
 -1.87%
1879
+21.48%
 -0.68%
+14.82%
 -0.23%
1878
+10.38%
 -0.17%
+6.08%
 -0.22%
1877
+1.75%
 -6.47%
+1.31%
 -4.59%
1876
-1.36%
 -5.59%
-1.26%
 -2.91%
1875
+6.03%
 -1.68%
+6.22%
 -0.40%
1874
+10.10%
 -1.40%
+5.61%
 -0.80%
1873
+1.53%
 -9.21%
+1.85%
 -4.51%
1872
+5.54%
 -3.01%
+6.24%
 -0.91%
1871
+7.90%
 -2.38%
+6.83%
 -1.19%