Harry Browne Permanent vs Marvin Appel One-Decision Portfolio Comparison

Simulation Settings
Period: January 1928 - November 2024 (~97 years)
Consolidated Returns as of 30 November 2024
Rebalancing: at every Jan 1st
Currency: USD
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Harry Browne Permanent Portfolio
1.00$
Initial Capital
December 1994
7.61$
Final Capital
November 2024
7.00%
Yearly Return
6.63
Std Deviation
-15.92%
Max Drawdown
27months
Recovery Period
Marvin Appel One-Decision Portfolio
1.00$
Initial Capital
December 1994
8.84$
Final Capital
November 2024
7.53%
Yearly Return
8.47
Std Deviation
-31.96%
Max Drawdown
41months
Recovery Period
Harry Browne Permanent Portfolio
1.00$
Initial Capital
January 1928
497.10$
Final Capital
November 2024
6.62%
Yearly Return
6.88
Std Deviation
-30.61%
Max Drawdown
46months
Recovery Period
Marvin Appel One-Decision Portfolio
1.00$
Initial Capital
January 1928
936.68$
Final Capital
November 2024
7.32%
Yearly Return
9.38
Std Deviation
-47.77%
Max Drawdown
83months
Recovery Period

The Harry Browne Permanent Portfolio obtained a 7.00% compound annual return, with a 6.63% standard deviation, in the last 30 Years.

The Marvin Appel One-Decision Portfolio obtained a 7.53% compound annual return, with a 8.47% standard deviation, in the last 30 Years.

Returns as of Nov 30, 2024

The portfolios guaranteed the following returns.

RETURN COMPARISON
Period: 1 January 1928 - 30 November 2024 (~97 years)
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Return (%) as of Nov 30, 2024
YTD
(11M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~97Y)
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_harry_browne.webp Permanent Portfolio
Harry Browne 		14.79 1.36 9.93 19.17 6.45 5.92 7.00 6.62
//www.lazyportfolioetf.com/wp-content/themes/dynamico-child/img/author/avatar_author_none.webp One-Decision Portfolio
Marvin Appel 		12.15 3.68 10.70 17.96 6.34 6.09 7.53 7.32
Return over 1 year are annualized.

Capital Growth as of Nov 30, 2024

Harry Browne Permanent Portfolio: an investment of 1$, since December 1994, now would be worth 7.61$, with a total return of 660.62% (7.00% annualized).

Marvin Appel One-Decision Portfolio: an investment of 1$, since December 1994, now would be worth 8.84$, with a total return of 783.66% (7.53% annualized).


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Harry Browne Permanent Portfolio: an investment of 1$, since January 1928, now would be worth 497.10$, with a total return of 49609.96% (6.62% annualized).

Marvin Appel One-Decision Portfolio: an investment of 1$, since January 1928, now would be worth 936.68$, with a total return of 93567.53% (7.32% annualized).


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Metrics as of Nov 30, 2024

The following metrics, updated as of 30 November 2024, provide an overview of performance and risk.

METRIC COMPARISON
Period: 1 December 2023 - 30 November 2024 (1 year)
Period: 1 December 2019 - 30 November 2024 (5 years)
Period: 1 December 2014 - 30 November 2024 (10 years)
Period: 1 December 1994 - 30 November 2024 (30 years)
Period: 1 January 1928 - 30 November 2024 (~97 years)
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Permanent Portfolio One-Decision Portfolio
Author Harry Browne Marvin Appel
ASSET ALLOCATION
Stocks 25% 50%
Fixed Income 50% 50%
Commodities 25% 0%
PERFORMANCES
Annualized Return (%) 19.17 17.96
Infl. Adjusted Return (%) 16.00 14.82
DRAWDOWN
Deepest Drawdown Depth (%) -1.77 -3.55
Start to Recovery (months) 2 3
Longest Drawdown Depth (%) -0.53 -3.55
Start to Recovery (months) 2 3
Longest Negative Period (months) 1 4
RISK INDICATORS
Standard Deviation (%) 5.48 8.18
Sharpe Ratio 2.55 1.56
Sortino Ratio 3.33 2.01
Ulcer Index 0.51 1.14
Ratio: Return / Standard Deviation 3.50 2.20
Ratio: Return / Deepest Drawdown 10.84 5.06
Metrics calculated over the period 1 December 2023 - 30 November 2024
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Permanent Portfolio One-Decision Portfolio
Author Harry Browne Marvin Appel
ASSET ALLOCATION
Stocks 25% 50%
Fixed Income 50% 50%
Commodities 25% 0%
PERFORMANCES
Annualized Return (%) 6.45 6.34
Infl. Adjusted Return (%) 2.18 2.07
DRAWDOWN
Deepest Drawdown Depth (%) -15.92 -16.74
Start to Recovery (months) 27 31
Longest Drawdown Depth (%) -15.92 -16.74
Start to Recovery (months) 27 31
Longest Negative Period (months) 40 32
RISK INDICATORS
Standard Deviation (%) 8.59 11.22
Sharpe Ratio 0.48 0.36
Sortino Ratio 0.68 0.48
Ulcer Index 5.90 6.66
Ratio: Return / Standard Deviation 0.75 0.56
Ratio: Return / Deepest Drawdown 0.41 0.38
Metrics calculated over the period 1 December 2019 - 30 November 2024
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Permanent Portfolio One-Decision Portfolio
Author Harry Browne Marvin Appel
ASSET ALLOCATION
Stocks 25% 50%
Fixed Income 50% 50%
Commodities 25% 0%
PERFORMANCES
Annualized Return (%) 5.92 6.09
Infl. Adjusted Return (%) 2.90 3.06
DRAWDOWN
Deepest Drawdown Depth (%) -15.92 -16.74
Start to Recovery (months) 27 31
Longest Drawdown Depth (%) -15.92 -16.74
Start to Recovery (months) 27 31
Longest Negative Period (months) 40 32
RISK INDICATORS
Standard Deviation (%) 7.31 9.06
Sharpe Ratio 0.59 0.50
Sortino Ratio 0.85 0.67
Ulcer Index 4.69 4.92
Ratio: Return / Standard Deviation 0.81 0.67
Ratio: Return / Deepest Drawdown 0.37 0.36
Metrics calculated over the period 1 December 2014 - 30 November 2024
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Permanent Portfolio One-Decision Portfolio
Author Harry Browne Marvin Appel
ASSET ALLOCATION
Stocks 25% 50%
Fixed Income 50% 50%
Commodities 25% 0%
PERFORMANCES
Annualized Return (%) 7.00 7.53
Infl. Adjusted Return (%) 4.36 4.89
DRAWDOWN
Deepest Drawdown Depth (%) -15.92 -31.96
Start to Recovery (months) 27 41
Longest Drawdown Depth (%) -15.92 -31.96
Start to Recovery (months) 27 41
Longest Negative Period (months) 40 64
RISK INDICATORS
Standard Deviation (%) 6.63 8.47
Sharpe Ratio 0.71 0.62
Sortino Ratio 0.99 0.80
Ulcer Index 3.20 5.54
Ratio: Return / Standard Deviation 1.06 0.89
Ratio: Return / Deepest Drawdown 0.44 0.24
Metrics calculated over the period 1 December 1994 - 30 November 2024
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Permanent Portfolio One-Decision Portfolio
Author Harry Browne Marvin Appel
ASSET ALLOCATION
Stocks 25% 50%
Fixed Income 50% 50%
Commodities 25% 0%
PERFORMANCES
Annualized Return (%) 6.62 7.32
Infl. Adjusted Return (%) 3.47 4.15
DRAWDOWN
Deepest Drawdown Depth (%) -30.61 -47.77
Start to Recovery (months) 46 83
Longest Drawdown Depth (%) -14.17 -47.77
Start to Recovery (months) 53 83
Longest Negative Period (months) 68 154
RISK INDICATORS
Standard Deviation (%) 6.88 9.38
Sharpe Ratio 0.48 0.42
Sortino Ratio 0.71 0.58
Ulcer Index 4.28 7.71
Ratio: Return / Standard Deviation 0.96 0.78
Ratio: Return / Deepest Drawdown 0.22 0.15
Metrics calculated over the period 1 January 1928 - 30 November 2024

Drawdowns

DRAWDOWN COMPARISON
Period: 1 December 1994 - 30 November 2024 (30 years)
Period: 1 January 1928 - 30 November 2024 (~97 years)

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Permanent Portfolio One-Decision Portfolio
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-31.96 41 Jun 2007
Oct 2010
-16.74 31 Jan 2022
Jul 2024
-15.92 27 Jan 2022
Mar 2024
-13.04 10 Feb 2020
Nov 2020
-12.63 18 Mar 2008
Aug 2009
-8.52 8 Jun 2011
Jan 2012
-8.13 6 Jul 1998
Dec 1998
-7.23 14 Apr 2002
May 2003
-6.99 7 Sep 2018
Mar 2019
-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
-4.76 12 Apr 2015
Mar 2016

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Permanent Portfolio One-Decision Portfolio
Drawdown
(%) 		Recovery
(#Months)		 From
To		 Drawdown
(%) 		Recovery
(#Months)		 From
To
-47.77 83 Sep 1929
Jul 1936
-31.96 41 Jun 2007
Oct 2010
-30.61 46 Sep 1929
Jun 1933
-23.43 66 Aug 1937
Jan 1943
-18.44 31 Dec 1972
Jun 1975
-16.74 31 Jan 2022
Jul 2024
-15.92 27 Jan 2022
Mar 2024
-14.17 53 Mar 1937
Jul 1941
-13.04 10 Feb 2020
Nov 2020
-12.63 18 Mar 2008
Aug 2009
-12.38 13 Sep 1987
Sep 1988
-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

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
Rolling Returns Chart
Rolling Returns Chart - Inflation Adjusted
Time Period: 1 January 1928 - 30 November 2024 (~97 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 One-Decision Portfolio
Year Return
(%)		 Drawdown
(%)		 Return
(%)		 Drawdown
(%)
2024
 14.79 -1.77 12.15 -3.55
2023
 11.55 -5.68 12.43 -7.22
2022
 -12.53 -15.92 -13.18 -16.74
2021
 4.21 -4.43 16.51 -2.73
2020
 16.10 -3.30 5.32 -13.04
2019
 16.17 -1.10 18.51 -2.02
2018
 -1.76 -4.25 -3.64 -6.99
2017
 10.97 -0.83 8.07 -0.59
2016
 5.54 -6.98 8.52 -3.21
2015
 -3.06 -6.73 -0.25 -4.76
2014
 9.40 -2.62 11.14 -2.54
2013
 -2.08 -6.04 10.43 -2.72
2012
 6.41 -1.83 10.65 -2.81
2011
 11.11 -1.85 3.87 -8.52
2010
 13.92 -0.53 13.01 -6.14
2009
 7.85 -6.22 15.30 -14.35
2008
 0.87 -12.63 -16.74 -22.59
2007
 12.69 -1.20 -0.68 -5.17
2006
 10.94 -2.12 14.45 -1.98
2005
 8.91 -1.25 5.08 -2.36
2004
 6.83 -4.20 12.05 -4.65
2003
 13.32 -2.34 18.87 -1.57
2002
 5.85 -4.02 -2.42 -7.23
2001
 -0.52 -4.13 4.32 -3.58
2000
 2.40 -3.23 9.42 -2.13
1999
 5.17 -3.54 4.70 -3.16
1998
 10.09 -5.34 5.32 -8.13
1997
 7.19 -2.33 17.36 -1.24
1996
 5.08 -2.02 15.52 -1.31
1995
 18.11 0.00 19.02 -0.66
1994
 -1.37 -3.63 -1.28 -5.02
1993
 12.00 -0.99 11.41 -1.82
1992
 3.57 -1.77 9.68 -0.89
1991
 11.72 -0.88 23.01 -1.99
1990
 1.11 -4.53 -1.89 -7.50
1989
 12.90 -1.18 15.28 -0.97
1988
 4.39 -1.50 12.57 -1.14
1987
 7.42 -5.78 2.00 -12.38
1986
 17.64 -1.28 13.98 -2.95
1985
 20.47 -2.05 20.92 -1.32
1984
 2.22 -3.58 12.26 -2.55
1983
 3.46 -2.83 19.12 -1.46
1982
 23.27 -5.51 23.18 -1.47
1981
 -5.34 -9.88 6.73 -5.61
1980
 13.65 -11.38 17.14 -6.77
1979
 39.77 -4.50 17.24 -6.81
1978
 12.78 -5.31 7.38 -5.77
1977
 6.43 -2.00 6.67 -0.92
1976
 11.22 -2.75 25.20 -1.17
1975
 6.98 -7.00 21.70 -5.67
1974
 12.43 -11.15 -10.56 -15.06
1973
 15.65 -6.85 -6.39 -6.65
1972
 18.84 -1.56 8.28 -1.29
1971
 12.86 -1.09 8.61 -4.84
1970
 7.89 -4.68 8.28 -8.62
1969
 -6.38 -8.20 -0.95 -4.58
1968
 9.27 -1.10 8.59 -2.35
1967
 6.11 -1.37 11.78 -2.65
1966
 -0.04 -3.86 -0.03 -6.32
1965
 4.59 -0.95 7.42 -2.29
1964
 6.00 -0.25 7.72 -0.79
1963
 6.05 -0.74 8.66 -1.64
1962
 -0.23 -4.93 -0.86 -9.52
1961
 6.50 -1.00 9.51 -1.97
1960
 5.64 -1.14 3.46 -3.30
1959
 2.72 -1.85 4.93 -3.33
1958
 9.97 -0.31 15.16 -1.24
1957
 0.57 -2.86 -0.23 -5.65
1956
 1.35 -2.43 2.65 -4.39
1955
 6.24 -0.67 8.77 -2.41
1954
 14.12 -0.94 17.75 -2.51
1953
 -0.87 -4.16 3.01 -2.68
1952
 3.37 -1.26 6.69 -2.02
1951
 4.37 -1.85 7.69 -3.72
1950
 7.47 -1.53 12.10 -3.16
1949
 6.13 -1.15 6.86 -3.12
1948
 1.16 -2.70 2.07 -5.48
1947
 3.61 -1.52 5.70 -1.97
1946
 -0.66 -5.77 2.54 -8.87
1945
 12.40 -0.87 17.56 -2.23
1944
 5.95 -0.36 12.01 -0.72
1943
 8.33 -2.35 13.73 -4.78
1942
 5.04 -3.00 7.74 -6.44
1941
 -1.49 -3.80 -3.99 -6.60
1940
 -0.01 -6.09 -0.89 -11.63
1939
 1.75 -3.29 -0.68 -7.87
1938
 8.45 -6.59 10.93 -13.41
1937
 -8.65 -10.20 -10.52 -14.62
1936
 10.39 -1.85 13.90 -4.16
1935
 12.79 -1.85 16.78 -6.35
1934
 5.72 -3.27 2.19 -8.93
1933
 28.60 -5.74 21.91 -12.56
1932
 2.17 -10.03 -1.37 -21.80
1931
 -12.64 -16.23 -15.40 -23.17
1930
 -4.39 -9.07 -6.85 -15.85
1929
 -0.83 -9.26 -2.21 -17.97
1928
 10.25 -1.14 12.69 -2.87