Lemoney
Portfolios

Permanent Portfolio

by ElderLemon · shared 16 Sept 2026 · Published by Harry Browne, 1 Jan 1987 · source

Open in the Lab

Weights

SPYSPDR S&P 500 ETF Trust25.0%TLTiShares 20+ Year Treasury Bond ETF25.0%SHYiShares 1-3 Year Treasury Bond ETF25.0%GLDSPDR Gold Shares25.0%
  • SPYSPDR S&P 500 ETF Trust25.0%
  • TLTiShares 20+ Year Treasury Bond ETF25.0%
  • SHYiShares 1-3 Year Treasury Bond ETF25.0%
  • GLDSPDR Gold Shares25.0%

Performance

CAGR
+7.3%
Final value
$47k
Max drawdown
−17.9%
Volatility
7.1%
Sharpe
1.03
Sortino
1.58

Correlation

weekly returns
SPYTLTSHYGLD
SPY·−0.24−0.180.08
TLT−0.24·0.560.15
SHY−0.180.56·0.22
GLD0.080.150.22·

Growth of $10K

Long only · Fixed weights · annually · 2004-11-26 to 2026-10-09
$10k$20k2007201020132016201920222025$47k
$47,000Oct 9, 2026
−9%−17%2007201020132016201920222025−17.0% · 2022-09
−5.1%Oct 9, 2026

Annual returns

* partial
through 2026-10-09