Harry Browne Permanent Portfolio vs Harry Browne Permanent Portfolio with Bitcoin Portfolio Comparison

Simulation Settings
Period: January 2009 - December 2024 (~16 years)
Consolidated Returns as of 31 December 2024
Rebalancing: at every Jan 1st
Currency: USD
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Results
10 Years
All (since January 2009)
Harry Browne Permanent Portfolio
1.00$
Initial Capital
January 2015
1.71$
Final Capital
December 2024
5.52%
Yearly Return
7.37%
Std Deviation
-15.92%
Max Drawdown
27months
Recovery Period
1.00$
Initial Capital
January 2009
2.66$
Final Capital
December 2024
6.31%
Yearly Return
7.06%
Std Deviation
-15.92%
Max Drawdown
27months
Recovery Period
Harry Browne Permanent Portfolio with Bitcoin
1.00$
Initial Capital
January 2015
2.39$
Final Capital
December 2024
9.11%
Yearly Return
8.57%
Std Deviation
-16.89%
Max Drawdown
27months
Recovery Period
1.00$
Initial Capital
January 2009
11.47$
Final Capital
December 2024
16.47%
Yearly Return
34.80%
Std Deviation
-37.49%
Max Drawdown
29months
Recovery Period

As of December 2024, over the analyzed timeframe, the Harry Browne Permanent Portfolio obtained a 6.31% compound annual return, with a 7.06% standard deviation. It suffered a maximum drawdown of -15.92% that required 27 months to be recovered.

As of December 2024, over the analyzed timeframe, the Harry Browne Permanent Portfolio with Bitcoin obtained a 16.47% compound annual return, with a 34.80% standard deviation. It suffered a maximum drawdown of -37.49% that required 29 months to be recovered.

Table of contents

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Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

Harry Browne Permanent Portfolio
Weight
(%)		 ETF
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
Harry Browne Permanent Portfolio with Bitcoin
Weight
(%)		 ETF
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
23.00
GLD
SPDR Gold Trust
2.00
^BTC
Bitcoin
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Portfolio Returns as of Dec 31, 2024

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • rebalancing: at every Jan 1st.
  • dividend reinvestment, when applicable.
  • the actual US Inflation rates.
RETURN COMPARISON
Period: 1 January 2009 - 31 December 2024 (~16 years)
Swipe left to see all data
Return (%) as of Dec 31, 2024
YTD
(12M) 		1M 6M 1Y 5Y 10Y MAX
(~16Y)
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_harry_browne.webp Permanent Portfolio
Harry Browne 		11.90 -2.51 5.82 11.90 5.72 5.52 6.31
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_harry_browne.webp Permanent Portfolio with Bitcoin
Harry Browne 		13.79 -2.56 6.88 13.79 7.57 9.11 16.47
Return over 1 year are annualized.
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Capital Growth as of Dec 31, 2024

Harry Browne Permanent Portfolio: an investment of 1$, since January 2015, now would be worth 1.71$, with a total return of 71.16% (5.52% annualized).

Harry Browne Permanent Portfolio with Bitcoin: an investment of 1$, since January 2015, now would be worth 2.39$, with a total return of 139.05% (9.11% annualized).


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Harry Browne Permanent Portfolio: an investment of 1$, since January 2009, now would be worth 2.66$, with a total return of 166.34% (6.31% annualized).

Harry Browne Permanent Portfolio with Bitcoin: an investment of 1$, since January 2009, now would be worth 11.47$, with a total return of 1046.62% (16.47% annualized).


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Portfolio Metrics as of Dec 31, 2024

The following metrics, updated as of 31 December 2024, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON
Period: 1 January 2024 - 31 December 2024 (1 year)
Period: 1 January 2020 - 31 December 2024 (5 years)
Period: 1 January 2015 - 31 December 2024 (10 years)
Period: 1 January 2009 - 31 December 2024 (~16 years)
Swipe left to see all data
Permanent Portfolio Permanent Portfolio with Bitcoin
Author Harry Browne Harry Browne
ASSET ALLOCATION
Stocks 25% 25%
Fixed Income 50% 50%
Commodities 25% 25%
PERFORMANCES
Annualized Return (%) 11.90 13.79
Infl. Adjusted Return (%) 9.18 11.02
DRAWDOWN
Deepest Drawdown Depth (%) -2.51 -2.56
Start to Recovery (months) 1* 1*
Longest Drawdown Depth (%) -0.53 -0.49
Start to Recovery (months) 2 2
Longest Negative Period (months) 3* 3*
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%) 6.10 6.70
Sharpe Ratio 1.10 1.28
Sortino Ratio 1.40 1.61
Ulcer Index 0.87 0.96
Ratio: Return / Standard Deviation 1.95 2.06
Ratio: Return / Deepest Drawdown 4.74 5.38
Metrics calculated over the period 1 January 2024 - 31 December 2024
Swipe left to see all data
Permanent Portfolio Permanent Portfolio with Bitcoin
Author Harry Browne Harry Browne
ASSET ALLOCATION
Stocks 25% 25%
Fixed Income 50% 50%
Commodities 25% 25%
PERFORMANCES
Annualized Return (%) 5.72 7.57
Infl. Adjusted Return (%) 1.54 3.31
DRAWDOWN
Deepest Drawdown Depth (%) -15.92 -16.89
Start to Recovery (months) 27 27
Longest Drawdown Depth (%) -15.92 -16.89
Start to Recovery (months) 27 27
Longest Negative Period (months) 40 39
RISK INDICATORS
Standard Deviation (%) 8.70 9.37
Sharpe Ratio 0.39 0.56
Sortino Ratio 0.55 0.79
Ulcer Index 5.91 6.19
Ratio: Return / Standard Deviation 0.66 0.81
Ratio: Return / Deepest Drawdown 0.36 0.45
Metrics calculated over the period 1 January 2020 - 31 December 2024
Swipe left to see all data
Permanent Portfolio Permanent Portfolio with Bitcoin
Author Harry Browne Harry Browne
ASSET ALLOCATION
Stocks 25% 25%
Fixed Income 50% 50%
Commodities 25% 25%
PERFORMANCES
Annualized Return (%) 5.52 9.11
Infl. Adjusted Return (%) 2.48 5.96
DRAWDOWN
Deepest Drawdown Depth (%) -15.92 -16.89
Start to Recovery (months) 27 27
Longest Drawdown Depth (%) -15.92 -16.89
Start to Recovery (months) 27 27
Longest Negative Period (months) 40 39
RISK INDICATORS
Standard Deviation (%) 7.37 8.57
Sharpe Ratio 0.53 0.88
Sortino Ratio 0.76 1.31
Ulcer Index 4.70 4.76
Ratio: Return / Standard Deviation 0.75 1.06
Ratio: Return / Deepest Drawdown 0.35 0.54
Metrics calculated over the period 1 January 2015 - 31 December 2024
Swipe left to see all data
Permanent Portfolio Permanent Portfolio with Bitcoin
Author Harry Browne Harry Browne
ASSET ALLOCATION
Stocks 25% 25%
Fixed Income 50% 50%
Commodities 25% 25%
PERFORMANCES
Annualized Return (%) 6.31 16.47
Infl. Adjusted Return (%) 3.67 13.57
DRAWDOWN
Deepest Drawdown Depth (%) -15.92 -37.49
Start to Recovery (months) 27 29
Longest Drawdown Depth (%) -15.92 -23.85
Start to Recovery (months) 27 45
Longest Negative Period (months) 40 46
RISK INDICATORS
Standard Deviation (%) 7.06 34.80
Sharpe Ratio 0.75 0.44
Sortino Ratio 1.07 1.33
Ulcer Index 3.93 12.91
Ratio: Return / Standard Deviation 0.89 0.47
Ratio: Return / Deepest Drawdown 0.40 0.44
Metrics calculated over the period 1 January 2009 - 31 December 2024
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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 January 2015 - 31 December 2024 (10 years)
Period: 1 January 2009 - 31 December 2024 (~16 years)

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Permanent Portfolio Permanent Portfolio with Bitcoin
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-16.89 27 Jan 2022
Mar 2024
-15.92 27 Jan 2022
Mar 2024
-6.98 13 Aug 2016
Aug 2017
-6.73 15 Feb 2015
Apr 2016
-6.28 14 Feb 2015
Mar 2016
-6.08 9 Aug 2016
Apr 2017
-4.63 14 Feb 2018
Mar 2019
-4.43 5 Jan 2021
May 2021
-4.25 13 Feb 2018
Feb 2019
-3.30 4 Sep 2020
Dec 2020
-2.86 2 Sep 2021
Oct 2021
-2.73 2 Sep 2021
Oct 2021
-2.67 3 Sep 2020
Nov 2020
-2.61 4 Jan 2021
Apr 2021
-2.56 1* Dec 2024
In progress

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Permanent Portfolio Permanent Portfolio with Bitcoin
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-37.49 29 Jul 2011
Nov 2013
-23.85 45 Dec 2013
Aug 2017
-16.89 27 Jan 2022
Mar 2024
-15.92 27 Jan 2022
Mar 2024
-6.98 13 Aug 2016
Aug 2017
-6.86 17 Oct 2012
Feb 2014
-6.73 15 Feb 2015
Apr 2016
-6.36 7 Jan 2009
Jul 2009
-6.22 7 Jan 2009
Jul 2009
-4.63 14 Feb 2018
Mar 2019
-4.43 5 Jan 2021
May 2021
-4.25 13 Feb 2018
Feb 2019
-3.30 4 Sep 2020
Dec 2020
-3.07 5 Dec 2009
Apr 2010
-2.89 5 Dec 2009
Apr 2010

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 2009 - 31 December 2024 (~16 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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Permanent Portfolio Permanent Portfolio with Bitcoin
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2024
 11.90 -2.51 13.79 -2.56
2023
 11.55 -5.68 14.40 -5.74
2022
 -12.53 -15.92 -13.80 -16.89
2021
 4.21 -4.43 5.48 -2.86
2020
 16.10 -3.30 21.66 -2.67
2019
 16.17 -1.10 17.66 -1.61
2018
 -1.76 -4.25 -3.19 -4.63
2017
 10.97 -0.83 38.10 -1.36
2016
 5.54 -6.98 7.85 -6.08
2015
 -3.06 -6.73 -2.15 -6.28
2014
 9.40 -2.62 8.31 -2.83
2013
 -2.08 -6.04 122.23 -23.85
2012
 6.41 -1.83 9.90 -1.72
2011
 11.11 -1.85 40.38 -37.49
2010
 13.92 -0.53 20.30 -0.51
2009
 7.85 -6.22 7.37 -6.36
Mastering Etf Investing
The first official book of
Mastering ETF Investing
Build wealth
with Lazy Portfolios and Passive Investing
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English book
Buy now
Italian book