HomePortfoliosHarry Browne Permanent Portfolio

Harry Browne Permanent Portfolio

The Harry Browne Permanent Portfolio spreads your wealth evenly across four core assets: equities for growth, long-term bonds for deflation, short-term bonds for stability, and gold for inflation protection. This simple yet powerful mix is designed to perform reasonably well in any economic climate, from boom to bust. Its strength lies in balance and resilience, not in chasing returns. Ideal for conservative, steady-handed investors who value capital preservation, low volatility, and financial peace of mind through every market cycle.

Optimize
Annual Rebalancing
EUR
Moderate Risk
7.1yr backtest

Performance Summary

Total Return+84.94%
Annualized Return+9.02%
Volatility+12.50%
Sharpe Ratio0.56
Max Drawdown+11.90%

Holdings

Asset Allocation

Asset Class

Bonds 50.0%Precious Metals 25.0%Equity 25.0%
Holdings Details
A classic for all seasons with stocks, bonds, cash, and gold in perfect balance. Built to weather any economy and keep your wealth steady through thick and thin
AssetTypeAllocationTER
SXRC.MU
iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)IE00BFM6TC58
ETF
25.0%0.07%
IBC1.MU
iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)IE00BGSF1X88
ETF
25.0%0.07%
EGLN.LSE
iShares Physical Gold ETCIE00B4ND3602
ETF
25.0%0.12%
SP5C.PA
Amundi Core S&P 500 Swap UCITS ETF AccLU1135865084
ETF
25.0%0.05%
Total100.0%0.08%

Performance

Portfolio Value Over Time
Starting with 10,000 investment → now worth €18,494.26
Histogram of Monthly Returns
The portfolio had a positive return during 50 of the 87 months (57%)
Monthly Returns Heatmap
Best month: +6.5% • Worst month: -3.1% • Best year: 2024 (+20.2%) • Worst year: 2022 (-6.0%)
YearJanFebMarAprMayJunJulAugSepOctNovDecTotal
2026+2.9%+3.0%-2.7%+0.4%--------+3.5%
2025+3.9%-0.2%-2.6%-2.9%+0.1%-1.9%+3.4%-0.6%+5.2%+3.5%+1.7%-1.1%+8.4%
2024+1.6%+0.9%+4.0%-0.1%+0.3%+4.0%+0.3%-0.2%+1.8%+3.1%+4.1%-1.1%+20.2%
2023+1.9%-0.5%+1.0%-0.5%+3.9%-1.8%-0.1%-0.1%+0.2%-0.7%+1.6%+1.7%+6.7%
2022-1.7%+1.2%+0.6%+0.5%-3.1%-0.9%+4.9%-0.5%-0.9%-2.5%-0.6%-2.9%-6.0%
2021+0.3%-2.9%+2.9%+1.6%-1.1%+3.0%+2.5%+1.1%-0.4%+1.8%+3.8%+1.4%+14.6%
2020+4.1%+1.2%+1.7%+3.1%-2.2%+1.5%-1.2%-0.3%+0.1%-1.0%-1.4%-0.4%+5.0%
2019--0.9%+2.9%+0.1%+1.1%+2.4%+2.5%+6.5%-1.1%-1.4%+2.1%-1.2%+13.5%
> +2%
0% to +2%
-2% to 0%
< -2%
Drawdown Analysis
Maximum drawdown: +11.90% • The longest drawdown period lasted for 1 year and 5 months and was between August 2022 and February 2024. It reached a trough of -9.9%.

Detailed Metrics

Returns
Total Return
+84.94%
Annualized Return
+9.02%
Avg Monthly Return
+0.73%
Risk
Volatility (Annual)
+12.50%
Max Drawdown
+11.90%
Positive Months
57%
Average Drawdown
-3.6%
Risk-Adjusted
Sharpe Ratio
0.56
Risk-free rate: 2.0%
Sortino Ratio
0.58
Downside risk adjusted
Return/Volatility
0.72
Calmar Ratio
0.76
Return/Max Drawdown
Ulcer Index
4.19
Drawdown depth & duration
Martin Ratio
0.02
Return/Ulcer Index
Backtest Configuration
Initial Investment
10,000
Final Value
18,494.26
Backtest Period
2019-02-25 to 2026-04-10
7.1 years
Rebalancing
annual
Base Currency
EUR