Total Bond US Portfolio vs Harry Browne Permanent Portfolio Portfolio Comparison

Simulation Settings
Period: January 1871 - April 2025 (~154 years)
Consolidated Returns as of 30 April 2025
Rebalancing: at every Jan 1st
Currency: USD
Inflation: US
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Results
30 Years
All (since January 1871)
Inflation Adjusted:
Total Bond US Portfolio
1.00$
Initial Capital
May 1995
3.51$
Final Capital
April 2025
4.27%
Yearly Return
4.28%
Std Deviation
-17.28%
Max Drawdown
57months*
Recovery Period
* in progress
1.00$
Initial Capital
May 1995
1.67$
Final Capital
April 2025
1.71%
Yearly Return
4.28%
Std Deviation
-30.41%
Max Drawdown
57months*
Recovery Period
* in progress
1.00$
Initial Capital
January 1871
878.83$
Final Capital
April 2025
4.49%
Yearly Return
4.37%
Std Deviation
-17.28%
Max Drawdown
57months*
Recovery Period
* in progress
1.00$
Initial Capital
January 1871
34.30$
Final Capital
April 2025
2.32%
Yearly Return
4.37%
Std Deviation
-48.08%
Max Drawdown
165months
Recovery Period
Harry Browne Permanent Portfolio
1.00$
Initial Capital
May 1995
7.38$
Final Capital
April 2025
6.89%
Yearly Return
6.66%
Std Deviation
-15.92%
Max Drawdown
27months
Recovery Period
1.00$
Initial Capital
May 1995
3.50$
Final Capital
April 2025
4.27%
Yearly Return
6.66%
Std Deviation
-23.09%
Max Drawdown
57months*
Recovery Period
* in progress
1.00$
Initial Capital
January 1871
6.5K$
Final Capital
April 2025
5.85%
Yearly Return
5.81%
Std Deviation
-30.61%
Max Drawdown
46months
Recovery Period
1.00$
Initial Capital
January 1871
253.18$
Final Capital
April 2025
3.65%
Yearly Return
5.81%
Std Deviation
-45.48%
Max Drawdown
182months
Recovery Period

As of April 2025, in the previous 30 Years, the Total Bond US Portfolio obtained a 4.27% compound annual return, with a 4.28% standard deviation. It suffered a maximum drawdown of -17.28% which has been ongoing for 57 months and is still in progress.

As of April 2025, in the previous 30 Years, the Harry Browne Permanent Portfolio obtained a 6.89% compound annual return, with a 6.66% standard deviation. It suffered a maximum drawdown of -15.92% that required 27 months to be recovered.

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.
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Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

Total Bond US Portfolio
Weight
(%)		 Ticker Name
100.00
BND
Vanguard Total Bond Market
Harry Browne Permanent Portfolio
Weight
(%)		 Ticker Name
25.00
VTI
Vanguard Total Stock Market
25.00
BIL
SPDR Blmbg Barclays 1-3 Mth T-Bill
25.00
TLT
iShares 20+ Year Treasury Bond
25.00
GLD
SPDR Gold Trust
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Portfolio Returns as of Apr 30, 2025

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • rebalancing: at every Jan 1st.
  • dividend reinvestment, when applicable.
RETURN COMPARISON
Period: 1 January 1871 - 30 April 2025 (~154 years)
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Return (%) as of Apr 30, 2025
YTD
(4M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~154Y)
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_us_author.webp Total Bond US
-- Market Benchmark 		3.19 0.40 2.54 7.94 -0.72 1.50 4.27 4.49
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_harry_browne.webp Permanent Portfolio
Harry Browne 		6.20 1.11 4.94 16.56 5.73 6.08 6.89 5.85
Return over 1 year are annualized.
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Capital Growth as of Apr 30, 2025

Total Bond US Portfolio: an investment of 1$, since May 1995, now would be worth 3.51$, with a total return of 250.69% (4.27% annualized).

Harry Browne Permanent Portfolio: an investment of 1$, since May 1995, now would be worth 7.38$, with a total return of 638.15% (6.89% annualized).


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Total Bond US Portfolio: an investment of 1$, since January 1871, now would be worth 878.83$, with a total return of 87782.51% (4.49% annualized).

Harry Browne Permanent Portfolio: an investment of 1$, since January 1871, now would be worth 6486.49$, with a total return of 648548.67% (5.85% annualized).


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Portfolio Metrics as of Apr 30, 2025

The following metrics, updated as of 30 April 2025, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON
Period: 1 May 2024 - 30 April 2025 (1 year)
Period: 1 May 2020 - 30 April 2025 (5 years)
Period: 1 May 2015 - 30 April 2025 (10 years)
Period: 1 May 1995 - 30 April 2025 (30 years)
Period: 1 January 1871 - 30 April 2025 (~154 years)
Swipe left to see all data
Total Bond US Permanent Portfolio
Author Harry Browne
ASSET ALLOCATION
Stocks 0% 25%
Fixed Income 100% 50%
Commodities 0% 25%
PERFORMANCES
Annualized Return (%) 7.94 16.56
Infl. Adjusted Return (%) 5.75 14.19
DRAWDOWN
Deepest Drawdown Depth (%) -3.07 -2.51
Start to Recovery (months) 7 2
Longest Drawdown Depth (%) -3.07 -0.13
Start to Recovery (months) 7 2
Longest Negative Period (months) 6 3
RISK INDICATORS
Standard Deviation (%) 4.81 4.90
Sharpe Ratio 0.65 2.40
Sortino Ratio 0.80 2.87
Ulcer Index 1.36 0.70
Ratio: Return / Standard Deviation 1.65 3.38
Ratio: Return / Deepest Drawdown 2.58 6.59
Metrics calculated over the period 1 May 2024 - 30 April 2025
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Total Bond US Permanent Portfolio
Author Harry Browne
ASSET ALLOCATION
Stocks 0% 25%
Fixed Income 100% 50%
Commodities 0% 25%
PERFORMANCES
Annualized Return (%) -0.72 5.73
Infl. Adjusted Return (%) -5.03 1.14
DRAWDOWN
Deepest Drawdown Depth (%) -17.28 -15.92
Start to Recovery (months) 57* 27
Longest Drawdown Depth (%) -17.28 -15.92
Start to Recovery (months) 57* 27
Longest Negative Period (months) 60* 40
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 6.33 8.43
Sharpe Ratio -0.51 0.38
Sortino Ratio -0.74 0.52
Ulcer Index 9.40 5.91
Ratio: Return / Standard Deviation -0.11 0.68
Ratio: Return / Deepest Drawdown -0.04 0.36
Metrics calculated over the period 1 May 2020 - 30 April 2025
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Total Bond US Permanent Portfolio
Author Harry Browne
ASSET ALLOCATION
Stocks 0% 25%
Fixed Income 100% 50%
Commodities 0% 25%
PERFORMANCES
Annualized Return (%) 1.50 6.08
Infl. Adjusted Return (%) -1.52 2.92
DRAWDOWN
Deepest Drawdown Depth (%) -17.28 -15.92
Start to Recovery (months) 57* 27
Longest Drawdown Depth (%) -17.28 -15.92
Start to Recovery (months) 57* 27
Longest Negative Period (months) 90 40
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 5.13 7.28
Sharpe Ratio -0.05 0.60
Sortino Ratio -0.07 0.85
Ulcer Index 6.74 4.48
Ratio: Return / Standard Deviation 0.29 0.84
Ratio: Return / Deepest Drawdown 0.09 0.38
Metrics calculated over the period 1 May 2015 - 30 April 2025
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Total Bond US Permanent Portfolio
Author Harry Browne
ASSET ALLOCATION
Stocks 0% 25%
Fixed Income 100% 50%
Commodities 0% 25%
PERFORMANCES
Annualized Return (%) 4.27 6.89
Infl. Adjusted Return (%) 1.71 4.27
DRAWDOWN
Deepest Drawdown Depth (%) -17.28 -15.92
Start to Recovery (months) 57* 27
Longest Drawdown Depth (%) -17.28 -15.92
Start to Recovery (months) 57* 27
Longest Negative Period (months) 90 40
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 4.28 6.66
Sharpe Ratio 0.47 0.69
Sortino Ratio 0.64 0.96
Ulcer Index 4.01 3.20
Ratio: Return / Standard Deviation 1.00 1.03
Ratio: Return / Deepest Drawdown 0.25 0.43
Metrics calculated over the period 1 May 1995 - 30 April 2025
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Total Bond US Permanent Portfolio
Author Harry Browne
ASSET ALLOCATION
Stocks 0% 25%
Fixed Income 100% 50%
Commodities 0% 25%
PERFORMANCES
Annualized Return (%) 4.49 5.85
Infl. Adjusted Return (%) 2.32 3.65
DRAWDOWN
Deepest Drawdown Depth (%) -17.28 -30.61
Start to Recovery (months) 57* 46
Longest Drawdown Depth (%) -17.28 -14.17
Start to Recovery (months) 57* 53
Longest Negative Period (months) 90 80
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 4.37 5.81
Sharpe Ratio 0.11 0.32
Sortino Ratio 0.17 0.47
Ulcer Index 2.41 3.52
Ratio: Return / Standard Deviation 1.03 1.01
Ratio: Return / Deepest Drawdown 0.26 0.19
Metrics calculated over the period 1 January 1871 - 30 April 2025
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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 May 1995 - 30 April 2025 (30 years)
Period: 1 January 1871 - 30 April 2025 (~154 years)

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Total Bond US Permanent Portfolio
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-17.28 57* Aug 2020
In progress
-15.92 27 Jan 2022
Mar 2024
-12.63 18 Mar 2008
Aug 2009
-6.98 13 Aug 2016
Aug 2017
-6.86 17 Oct 2012
Feb 2014
-6.73 15 Feb 2015
Apr 2016
-5.43 19 Sep 2000
Mar 2002
-5.34 4 Jul 1998
Oct 1998
-4.43 5 Jan 2021
May 2021
-4.25 13 Feb 2018
Feb 2019
-4.20 7 Apr 2004
Oct 2004
-4.02 7 Jun 2002
Dec 2002
-4.01 13 May 2013
May 2014
-3.88 9 Apr 2008
Dec 2008
-3.68 13 Aug 2016
Aug 2017

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Total Bond US Permanent Portfolio
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-30.61 46 Sep 1929
Jun 1933
-17.28 57* Aug 2020
In progress
-15.92 27 Jan 2022
Mar 2024
-14.17 53 Mar 1937
Jul 1941
-12.63 18 Mar 2008
Aug 2009
-11.68 21 Dec 1980
Aug 1982
-11.38 5 Feb 1980
Jun 1980
-11.15 10 Apr 1974
Jan 1975
-10.91 21 May 1969
Jan 1971
-10.70 10 Jul 1979
Apr 1980
-8.66 27 May 1958
Jul 1960
-8.66 17 Jul 1980
Nov 1981
-8.40 19 Jul 1895
Jan 1897
-7.91 7 Apr 1971
Oct 1971
-7.00 9 Jul 1975
Mar 1976

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 1871 - 30 April 2025 (~154 years)


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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Total Bond US Permanent Portfolio
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2025
 3.19 0.00 6.20 0.00
2024
 1.38 -3.08 11.90 -2.51
2023
 5.41 -6.03 11.55 -5.68
2022
 -13.11 -15.50 -12.53 -15.92
2021
 -1.86 -3.64 4.21 -4.43
2020
 7.71 -1.59 16.10 -3.30
2019
 8.83 -0.57 16.17 -1.10
2018
 -0.12 -2.57 -1.76 -4.25
2017
 3.57 -0.60 10.97 -0.83
2016
 2.52 -3.68 5.54 -6.98
2015
 0.56 -2.67 -3.06 -6.73
2014
 5.82 -0.57 9.40 -2.62
2013
 -2.10 -4.01 -2.08 -6.04
2012
 3.16 -0.88 6.41 -1.83
2011
 7.92 -0.38 11.11 -1.85
2010
 6.20 -1.70 13.92 -0.53
2009
 3.64 -2.65 7.85 -6.22
2008
 6.86 -3.88 0.87 -12.63
2007
 6.92 -1.16 12.69 -1.20
2006
 4.27 -1.30 10.94 -2.12
2005
 2.40 -1.90 8.91 -1.25
2004
 4.24 -3.03 6.83 -4.20
2003
 3.97 -3.47 13.32 -2.34
2002
 8.26 -1.46 5.85 -4.02
2001
 8.43 -1.91 -0.52 -4.13
2000
 11.39 -0.65 2.40 -3.23
1999
 -0.76 -2.64 5.17 -3.54
1998
 8.58 -0.55 10.09 -5.34
1997
 9.44 -0.97 7.19 -2.33
1996
 3.58 -3.16 5.08 -2.02
1995
 18.18 -0.25 18.11 0.00
1994
 -2.66 -5.01 -1.37 -3.63
1993
 9.68 -0.97 12.00 -0.99
1992
 7.14 -1.39 3.57 -1.77
1991
 15.25 -0.06 11.72 -0.88
1990
 8.65 -1.97 1.11 -4.53
1989
 13.64 -1.60 12.90 -1.18
1988
 7.35 -2.64 4.39 -1.50
1987
 1.54 -5.86 7.42 -5.78
1986
 15.10 -2.05 17.64 -1.28
1985
 22.24 -2.00 20.47 -2.05
1984
 15.01 -4.66 2.22 -3.58
1983
 5.22 -3.80 3.46 -2.83
1982
 31.13 -1.93 23.27 -5.51
1981
 9.41 -3.80 -5.34 -9.88
1980
 2.88 -9.24 13.65 -11.38
1979
 5.35 -6.28 39.77 -4.50
1978
 1.15 -1.89 12.78 -5.31
1977
 1.04 -2.47 6.43 -2.00
1976
 13.75 -1.18 11.22 -2.75
1975
 7.36 -2.79 6.98 -7.00
1974
 5.70 -3.75 12.43 -11.15
1973
 4.47 -3.37 15.65 -6.85
1972
 2.72 -1.31 18.84 -1.56
1971
 9.50 -7.91 12.86 -1.09
1970
 17.24 -5.95 7.89 -4.68
1969
 -2.12 -5.02 -6.38 -8.20
1968
 2.90 -4.78 9.27 -1.10
1967
 -0.53 -4.27 6.11 -1.37
1966
 4.97 -3.15 -0.04 -3.86
1965
 0.72 -1.64 4.59 -0.95
1964
 3.89 -0.04 6.00 -0.25
1963
 1.64 -0.38 6.05 -0.74
1962
 5.71 -0.50 -0.23 -4.93
1961
 1.32 -1.90 6.50 -1.00
1960
 13.04 -0.30 5.64 -1.14
1959
 -1.70 -3.66 2.72 -1.85
1958
 -2.81 -6.22 9.97 -0.31
1957
 8.57 -2.26 0.57 -2.86
1956
 -1.55 -2.73 1.35 -2.43
1955
 -0.77 -1.93 6.24 -0.67
1954
 2.83 -0.97 14.12 -0.94
1953
 3.64 -2.98 -0.87 -4.16
1952
 2.25 -1.66 3.37 -1.26
1951
 0.05 -2.58 4.37 -1.85
1950
 -0.12 -0.72 7.47 -1.53
1949
 4.38 -0.16 6.13 -1.15
1948
 2.60 -0.75 1.16 -2.70
1947
 -0.45 -2.67 3.61 -1.52
1946
 0.72 -1.65 -0.66 -5.77
1945
 5.13 -1.00 12.40 -0.87
1944
 2.27 0.00 5.95 -0.36
1943
 2.47 -0.05 8.33 -2.35
1942
 1.30 -0.49 5.04 -3.00
1941
 2.24 -1.81 -1.49 -3.80
1940
 4.30 -2.10 -0.01 -6.09
1939
 3.10 -4.92 1.75 -3.29
1938
 4.38 -0.49 8.45 -6.59
1937
 1.88 -2.31 -8.65 -10.20
1936
 4.52 -0.11 10.39 -1.85
1935
 3.91 -1.14 12.79 -1.85
1934
 7.29 -2.01 5.72 -3.27
1933
 2.99 -1.79 28.60 -5.74
1932
 12.27 -2.08 2.17 -10.03
1931
 -2.07 -4.78 -12.64 -16.23
1930
 7.75 -0.13 -4.39 -9.07
1929
 4.25 -1.56 -0.83 -9.26
1928
 -0.93 -2.02 10.25 -1.14
1927
 5.30 -0.10 11.58 -1.05
1926
 4.71 0.00 5.78 -1.79
1925
 3.17 -0.35 8.98 -1.51
1924
 7.88 -0.13 10.18 -0.44
1923
 3.71 -0.08 3.65 -2.70
1922
 5.52 -0.75 9.97 -1.17
1921
 13.13 0.00 8.74 -1.62
1920
 0.21 -3.65 -1.56 -2.72
1919
 2.22 -0.74 6.55 -2.10
1918
 4.60 -1.27 7.63 -0.71
1917
 -1.69 -3.86 -4.88 -4.88
1916
 3.65 -0.88 4.56 -0.66
1915
 6.25 -0.73 10.27 -0.48
1914
 6.48 -0.09 1.02 -3.96
1913
 3.87 -2.10 0.91 -1.08
1912
 1.57 -0.39 3.57 -0.83
1911
 4.10 -0.98 2.86 -2.33
1910
 4.18 -0.25 0.96 -1.93
1909
 1.45 -1.44 5.56 -0.47
1908
 11.41 -0.17 13.65 -0.55
1907
 -0.31 -4.13 -5.24 -5.97
1906
 0.73 -1.43 1.58 -1.96
1905
 0.66 -2.86 6.99 -1.27
1904
 5.83 -0.24 10.35 -0.56
1903
 2.16 -1.20 -2.87 -5.48
1902
 0.98 -4.62 3.72 -1.71
1901
 1.83 -1.18 6.40 -2.12
1900
 3.87 -1.78 7.28 -1.02
1899
 -0.40 -2.91 2.46 -1.66
1898
 4.67 -5.80 9.71 -2.16
1897
 5.85 -1.15 7.76 -0.96
1896
 4.07 -3.68 3.16 -3.48
1895
 0.04 -6.46 2.81 -2.88
1894
 6.09 -0.76 3.47 -0.91
1893
 4.74 -2.03 -2.22 -6.13
1892
 2.12 -1.18 3.62 -0.58
1891
 5.41 -3.16 6.97 -1.39
1890
 1.24 -2.39 -0.21 -2.89
1889
 2.49 -0.71 4.74 -0.41
1888
 5.49 -1.09 3.54 -0.99
1887
 1.47 -2.25 1.07 -2.41
1886
 0.76 -1.61 5.01 -0.83
1885
 5.34 -0.60 10.08 -0.41
1884
 3.94 -2.60 -0.61 -3.78
1883
 4.31 -0.89 0.77 -1.33
1882
 3.10 -1.35 3.35 -1.31
1881
 3.49 -2.35 2.94 -1.91
1880
 5.28 -2.00 9.92 -1.87
1879
 2.94 -1.57 14.82 -0.23
1878
 6.47 -0.62 6.08 -0.22
1877
 3.66 -1.67 1.31 -4.59
1876
 7.19 -2.17 -1.26 -2.91
1875
 6.49 -3.41 6.22 -0.40
1874
 13.72 -2.38 5.61 -0.80
1873
 4.25 -5.87 1.85 -4.51
1872
 1.82 -3.44 6.24 -0.91
1871
 2.78 -1.85 6.83 -1.19
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