Golden Butterfly Portfolio +
The Golden Butterfly Portfolio is a variation of the Permanent Portfolio designed to provide a steady stream of returns in any market environment. Its assets are similar to the ones of the permanent portfolio but with the inclusion of small-cap value stocks.
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BTC-USD Bitcoin | 5% | |
GLD SPDR Gold Trust | Precious Metals, Gold | 15% |
SPLG SPDR Portfolio S&P 500 ETF | Large Cap Blend Equities | 20% |
VBR Vanguard Small-Cap Value ETF | Small Cap Blend Equities | 20% |
VGLT Vanguard Long-Term Treasury ETF | Government Bonds | 20% |
VGSH Vanguard Short-Term Treasury ETF | Government Bonds | 20% |
Performance
Performance Chart
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The earliest data available for this chart is Jul 14, 2010, corresponding to the inception date of BTC-USD
Returns By Period
As of May 20, 2025, the Golden Butterfly Portfolio + returned 4.89% Year-To-Date and 12.34% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 1.39% | 12.89% | 1.19% | 12.45% | 14.95% | 10.86% |
| Golden Butterfly Portfolio + | 4.89% | 5.39% | 4.03% | 12.85% | 11.53% | 12.34% |
| Portfolio components: | ||||||
BTC-USD Bitcoin | 13.93% | 25.14% | 17.56% | 60.60% | 62.06% | 83.92% |
GLD SPDR Gold Trust | 23.09% | -2.64% | 23.62% | 33.25% | 12.60% | 9.93% |
VGLT Vanguard Long-Term Treasury ETF | 0.31% | -1.23% | -1.75% | -0.52% | -8.75% | -0.35% |
VBR Vanguard Small-Cap Value ETF | -1.62% | 11.91% | -5.52% | 4.18% | 16.54% | 8.02% |
VGSH Vanguard Short-Term Treasury ETF | 1.91% | -0.04% | 2.49% | 5.47% | 1.14% | 1.48% |
SPLG SPDR Portfolio S&P 500 ETF | 1.82% | 13.00% | 1.81% | 13.87% | 16.69% | 12.73% |
Monthly Returns
The table below presents the monthly returns of Golden Butterfly Portfolio +, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.96% | -0.51% | -0.83% | 0.65% | 2.58% | 4.89% | |||||||
| 2024 | -0.63% | 3.59% | 4.39% | -3.57% | 3.28% | 0.35% | 3.86% | 0.92% | 2.46% | -0.38% | 4.89% | -3.53% | 16.28% |
| 2023 | 7.50% | -2.83% | 3.48% | 0.54% | -1.78% | 3.36% | 1.49% | -2.19% | -3.95% | 0.23% | 6.34% | 5.63% | 18.42% |
| 2022 | -3.89% | 0.79% | 0.31% | -6.11% | -1.05% | -5.79% | 4.90% | -3.63% | -6.34% | 2.96% | 4.11% | -2.56% | -15.90% |
| 2021 | -0.25% | 2.43% | 3.38% | 2.76% | 0.07% | -0.37% | 2.23% | 1.68% | -2.98% | 4.93% | -0.83% | 0.69% | 14.36% |
| 2020 | 3.06% | -2.54% | -6.47% | 8.17% | 2.64% | 1.05% | 5.49% | 1.52% | -2.51% | 0.78% | 7.87% | 6.93% | 27.91% |
| 2019 | 4.15% | 1.77% | 1.15% | 2.67% | 2.59% | 7.39% | 0.19% | 1.82% | -0.54% | 1.57% | -0.28% | 0.93% | 25.80% |
| 2018 | -0.29% | -2.57% | -0.94% | 1.23% | 0.41% | -1.00% | 1.66% | 0.63% | -1.24% | -3.68% | -0.47% | -2.14% | -8.19% |
| 2017 | 1.43% | 3.03% | -0.79% | 2.19% | 4.60% | 1.46% | 1.62% | 4.60% | -0.43% | 3.03% | 5.75% | 4.41% | 35.39% |
| 2016 | -1.30% | 3.78% | 2.40% | 1.46% | 0.83% | 4.32% | 2.04% | -0.94% | 0.32% | -1.60% | 0.47% | 2.54% | 15.07% |
| 2015 | 0.25% | 0.60% | -0.11% | -0.95% | 0.08% | -0.93% | 0.47% | -2.84% | -1.06% | 5.11% | 0.38% | -0.44% | 0.38% |
| 2014 | 1.20% | 1.11% | -0.69% | 0.12% | 2.94% | 2.26% | -2.14% | 1.79% | -3.36% | 0.82% | 1.79% | 0.40% | 6.20% |
Expense Ratio
Golden Butterfly Portfolio + has an expense ratio of 0.10%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Golden Butterfly Portfolio + is 69, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
BTC-USD Bitcoin | 1.21 | 3.40 | 1.36 | 2.89 | 13.15 |
GLD SPDR Gold Trust | 1.87 | 3.17 | 1.41 | 2.02 | 12.98 |
VGLT Vanguard Long-Term Treasury ETF | -0.04 | -1.47 | 0.84 | -0.03 | -1.62 |
VBR Vanguard Small-Cap Value ETF | 0.19 | 0.49 | 1.07 | 0.03 | 0.54 |
VGSH Vanguard Short-Term Treasury ETF | 3.22 | 2.85 | 1.36 | 0.38 | 7.40 |
SPLG SPDR Portfolio S&P 500 ETF | 0.71 | 1.11 | 1.17 | 0.19 | 2.61 |
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Dividends
Dividend yield
Golden Butterfly Portfolio + provided a 2.42% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.42% | 2.35% | 2.04% | 1.54% | 1.10% | 1.42% | 1.72% | 1.82% | 1.44% | 1.45% | 1.58% | 1.35% |
| Portfolio components: | ||||||||||||
BTC-USD Bitcoin | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGLT Vanguard Long-Term Treasury ETF | 4.47% | 4.33% | 3.33% | 2.83% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% |
VBR Vanguard Small-Cap Value ETF | 2.18% | 1.98% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% | 1.77% |
VGSH Vanguard Short-Term Treasury ETF | 4.18% | 4.19% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% |
SPLG SPDR Portfolio S&P 500 ETF | 1.28% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Golden Butterfly Portfolio +. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Golden Butterfly Portfolio + was 32.35%, occurring on Oct 3, 2011. Recovery took 534 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.35% | Jun 10, 2011 | 116 | Oct 3, 2011 | 534 | Mar 20, 2013 | 650 |
| -22.2% | Nov 10, 2021 | 345 | Oct 20, 2022 | 498 | Mar 1, 2024 | 843 |
| -17.72% | Feb 24, 2020 | 24 | Mar 18, 2020 | 78 | Jun 4, 2020 | 102 |
| -16.63% | Nov 30, 2013 | 19 | Dec 18, 2013 | 820 | Mar 17, 2016 | 839 |
| -15.27% | Dec 17, 2017 | 374 | Dec 25, 2018 | 171 | Jun 14, 2019 | 545 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 6 assets, with an effective number of assets of 5.41, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.
Asset Correlations Table
| ^GSPC | GLD | BTC-USD | VGSH | VGLT | VBR | SPLG | Portfolio | |
|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.04 | 0.13 | -0.15 | -0.26 | 0.85 | 0.90 | 0.62 |
| GLD | 0.04 | 1.00 | 0.05 | 0.28 | 0.23 | 0.04 | 0.03 | 0.32 |
| BTC-USD | 0.13 | 0.05 | 1.00 | -0.01 | -0.01 | 0.09 | 0.11 | 0.62 |
| VGSH | -0.15 | 0.28 | -0.01 | 1.00 | 0.52 | -0.15 | -0.14 | 0.11 |
| VGLT | -0.26 | 0.23 | -0.01 | 0.52 | 1.00 | -0.24 | -0.21 | 0.14 |
| VBR | 0.85 | 0.04 | 0.09 | -0.15 | -0.24 | 1.00 | 0.72 | 0.56 |
| SPLG | 0.90 | 0.03 | 0.11 | -0.14 | -0.21 | 0.72 | 1.00 | 0.55 |
| Portfolio | 0.62 | 0.32 | 0.62 | 0.11 | 0.14 | 0.56 | 0.55 | 1.00 |