Consolidated Returns as of 30 November 2024
Managing the Harry Browne Permanent Portfolio To EUR with a yearly rebalancing, you would have obtained a 10.70% compound annual return in the last 30 Years.
With a quarterly rebalancing, over the same period, the return would have been 7.39%.
How do returns and drawdowns change, implementing different rebalancing strategies?
Rebalancing Strategies
In order to keep risk under control, you should rebalance assets quotes from time to time, so to keep them at the original percentage of the asset allocation.
At fixed time intervals:
- Yearly: Jan 1st
- Half Yearly: Jan 1st, Jul 1st
- Quarterly: Jan 1st, Apr 1st, Jul 1st, Oct 1st
Portfolio Returns as of Nov 30, 2024
Implementing different rebalancing strategies, the Harry Browne Permanent Portfolio To EUR guaranteed the following returns.
Portfolio returns are calculated in EUR, assuming:
- No fees or capital gain taxes
- the reinvestment of dividends, if existing
- the adjustment for actual currency exchange rates (simulation derived from original US returns)
| Return (%) and number of rebalances as of Nov 30, 2024 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Rebalancing Strategy | 1Y | 5Y | 10Y | 30Y |
MAX (~71Y) |
|||||
| No Rebalancing | 37.89 | (0) | 15.31 | (0) | 13.82 | (0) | 10.70 | (0) | 9.41 | (0) |
| Yearly Rebalancing | 23.06 | (1) | 7.49 | (5) | 7.70 | (10) | 7.53 | (30) | 7.80 | (71) |
| Half Yearly Rebalancing | 22.61 | (2) | 7.40 | (10) | 7.72 | (20) | 7.39 | (60) | 7.69 | (142) |
| Quarterly Rebalancing | 22.67 | (4) | 7.49 | (20) | 7.80 | (40) | 7.44 | (120) | 7.63 | (285) |
| 5% Tolerance per asset | 23.70 | (1) | 8.01 | (5) | 8.03 | (7) | 7.60 | (21) | 7.72 | (48) |
| 10% Tolerance per asset | 25.06 | (1) | 8.10 | (2) | 8.05 | (3) | 8.06 | (9) | 8.03 | (19) |
In order to have complete information about the portfolio, please refer to the Harry Browne Permanent Portfolio To EUR: ETF allocation and returns page.
Performances as of Nov 30, 2024
Historical returns and stats of Harry Browne Permanent Portfolio To EUR, after implementing different rebalancing strategies.
|
Standard Deviation
|
Max Drawdown (%)
|
|||||
|---|---|---|---|---|---|---|
| Rebalancing Strategy | Return % | Std Dev(%) | Ret. / Std Dev | MaxDD(%) | Ret. / MaxDD | |
| No Rebalancing | 9.41 | (0) | 12.96 | 0.73 | -46.94 | 0.20 |
| Yearly Rebalancing | 7.80 | (71) | 9.47 | 0.82 | -23.23 | 0.34 |
| Half Yearly Rebalancing | 7.69 | (142) | 9.40 | 0.82 | -22.74 | 0.34 |
| Quarterly Rebalancing | 7.63 | (285) | 9.37 | 0.81 | -22.10 | 0.35 |
| 5% Tolerance per asset | 7.72 | (48) | 9.41 | 0.82 | -22.41 | 0.34 |
| 10% Tolerance per asset | 8.03 | (19) | 9.53 | 0.84 | -23.62 | 0.34 |
Drawdowns as of Nov 30, 2024
Historical Drawdowns of Harry Browne Permanent Portfolio To EUR, after implementing different rebalancing strategies.
|
Rebalancing
|
Tolerance per asset
|
||||
|---|---|---|---|---|---|
| No Rebalancing | Yearly | Half Yearly | Quarterly | 5% | 10% |
|
-46.94
Sep 2000 - Jul 2012
|
-23.23
Mar 1985 - May 1989
|
-22.74
Mar 1985 - May 1989
|
-22.10
Mar 1985 - May 1989
|
-22.41
Mar 1985 - May 1989
|
-23.62
Mar 1985 - May 1989
|
|
-29.09
Sep 1989 - May 1991
|
-22.22
Sep 1989 - Jun 1991
|
-21.75
Sep 1989 - Jun 1991
|
-21.52
Sep 1989 - Jun 1991
|
-21.66
Sep 1989 - Jun 1991
|
-23.30
Sep 1989 - Jun 1991
|
|
-26.37
Mar 1985 - Apr 1989
|
-19.62
Nov 2000 - Dec 2005
|
-20.31
Nov 2000 - Jan 2006
|
-19.80
Mar 2002 - Dec 2005
|
-19.58
Mar 2002 - Dec 2005
|
-17.35
Mar 2002 - Nov 2005
|
|
-20.29
Mar 1974 - Jun 1975
|
-14.42
Jul 1991 - Nov 1992
|
-14.76
Jul 1991 - Nov 1992
|
-14.87
Jul 1991 - Nov 1992
|
-14.51
Jul 1991 - Nov 1992
|
-13.77
Jan 1994 - Nov 1995
|
|
-19.95
Dec 1968 - Feb 1971
|
-13.73
Aug 1993 - Nov 1995
|
-13.67
Jan 1994 - Nov 1995
|
-13.68
Jan 1994 - Dec 1995
|
-13.90
Aug 1993 - Nov 1995
|
-13.63
Jul 1991 - Nov 1992
|
| 5 Worst Drawdowns - Average | |||||
| -28.53 | -18.64 | -18.65 | -18.39 | -18.41 | -18.33 |
| 10 Worst Drawdowns - Average | |||||
| -21.86 | -14.63 | -14.82 | -14.62 | -14.70 | -14.71 |
For a deeper insight, please refer to the Harry Browne Permanent Portfolio To EUR: ETF allocation and returns page.
