HomePortfoliosHarry Browne Permanent Portfolio (EU)

Harry Browne Permanent Portfolio (EU)

This European take on the Harry Browne Permanent Portfolio is an all-weather strategy designed to protect and grow wealth in any economic climate. With

  • 25% in European equities for growth
  • 25% in long-term government bonds for recessions
  • 25% in short-term bonds for liquidity, and
  • 25% in gold for inflation protection

it balances risk across diverse assets. This even split helps cushion market shocks and smooth long-term returns, offering peace of mind through all market cycles. It’s best suited for conservative, stability-seeking investors who value steady progress over chasing high returns.

Optimize
Annual Rebalancing
EUR
Low Risk
5.4yr backtest

Performance Summary

Total Return+42.36%
Annualized Return+6.70%
Volatility+7.89%
Sharpe Ratio0.60
Max Drawdown+14.19%

Holdings

Asset Allocation

Asset Class

Bonds 50.0%Equity 25.0%Precious Metals 25.0%
Holdings Details
Built for any weather the Permanent Portfolio mixes stocks, long bonds, cash, and gold to stay resilient through booms, busts, and inflation alike.
AssetTypeAllocationTER
LYP6.XETRA
Amundi Core Stoxx Europe 600 UCITS ETF AccLU0908500753
ETF
25.0%0.07%
LYXF.XETRA
Amundi Euro Government Bond 15+Y UCITS ETF AccLU1287023268
ETF
25.0%0.15%
PRAB.XETRA
Amundi Prime Euro Government Bond 0-1Y UCITS ETF AccLU2233156582
ETF
25.0%0.05%
8PSG.F
Invesco Physical Gold ETCIE00B579F325
ETF
25.0%0.12%
Total100.0%0.10%

Performance

Portfolio Value Over Time
Starting with 10,000 investment → now worth €14,236.17
Histogram of Monthly Returns
The portfolio had a positive return during 47 of the 67 months (70%)
Monthly Returns Heatmap
Best month: +4.2% • Worst month: -5.5% • Best year: 2025 (+16.1%) • Worst year: 2022 (-10.4%)
YearJanFebMarAprMayJunJulAugSepOctNovDecTotal
2026+3.6%+4.0%-5.5%+1.7%--------+3.5%
2025+3.9%+1.4%-1.3%+1.3%+0.9%-1.3%+0.9%+0.1%+3.6%+3.0%+1.3%+1.3%+16.1%
2024+0.3%+0.4%+3.5%+0.3%+0.8%+0.0%+2.0%+1.2%+1.4%+0.8%+1.3%-1.2%+11.2%
2023+3.8%-1.6%+2.3%+0.3%+0.3%-0.3%+0.1%-0.1%-2.7%+0.5%+3.4%+3.1%+9.3%
2022-1.3%-0.7%+0.0%-1.4%-2.4%-3.2%+4.1%-3.7%-3.3%+0.1%+4.2%-3.0%-10.4%
2021-1.1%-2.2%+2.3%+0.6%+1.7%-0.5%+2.2%+0.6%-2.0%+2.1%+0.4%+1.1%+5.0%
2020---------+0.0%+1.7%+1.8%+3.5%
> +2%
0% to +2%
-2% to 0%
< -2%
Drawdown Analysis
Maximum drawdown: +14.19% • The longest drawdown period lasted for 2 years and 4 months and was between November 2021 and March 2024. It reached a trough of -14.2%.

Detailed Metrics

Returns
Total Return
+42.36%
Annualized Return
+6.70%
Avg Monthly Return
+0.55%
Risk
Volatility (Annual)
+7.89%
Max Drawdown
+14.19%
Positive Months
70%
Average Drawdown
-4.0%
Risk-Adjusted
Sharpe Ratio
0.60
Risk-free rate: 2.0%
Sortino Ratio
0.59
Downside risk adjusted
Return/Volatility
0.85
Calmar Ratio
0.47
Return/Max Drawdown
Ulcer Index
5.06
Drawdown depth & duration
Martin Ratio
0.01
Return/Ulcer Index
Backtest Configuration
Initial Investment
10,000
Final Value
14,236.17
Backtest Period
2020-10-29 to 2026-04-10
5.4 years
Rebalancing
annual
Base Currency
EUR