Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
GLD SPDR Gold Shares | Gold, Precious Metals | 20% |
IJS iShares S&P SmallCap 600 Value ETF | Small Cap Value Equities | 20% |
SHY iShares 1-3 Year Treasury Bond ETF | Government Bonds | 20% |
TLT iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 20% |
VTI Vanguard Total Stock Market ETF | Large Cap Blend Equities | 20% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Golden Butterfly Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Nov 18, 2004, corresponding to the inception date of GLD
Returns By Period
As of Apr 1, 2026, the Golden Butterfly Portfolio returned 1.87% Year-To-Date and 8.21% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 2.91% | -5.09% | -4.63% | -2.39% | 16.33% | 16.69% | 10.18% | 12.16% |
Portfolio Golden Butterfly Portfolio | 1.78% | -5.04% | 1.87% | 5.41% | 18.03% | 12.28% | 6.60% | 8.21% |
| Portfolio components: | ||||||||
SHY iShares 1-3 Year Treasury Bond ETF | 0.08% | -0.47% | 0.27% | 1.34% | 3.61% | 3.88% | 1.70% | 1.65% |
TLT iShares 20+ Year Treasury Bond ETF | -0.10% | -4.23% | 0.17% | -0.87% | -0.49% | -2.78% | -5.85% | -1.38% |
VTI Vanguard Total Stock Market ETF | 2.93% | -5.00% | -4.01% | -1.66% | 18.11% | 17.84% | 10.46% | 13.60% |
IJS iShares S&P SmallCap 600 Value ETF | 2.19% | -3.37% | 4.34% | 7.80% | 23.41% | 9.98% | 4.72% | 9.34% |
GLD SPDR Gold Shares | 3.79% | -11.05% | 8.57% | 21.05% | 49.33% | 32.92% | 21.58% | 13.92% |
Monthly Returns
Based on dividend-adjusted daily data since Nov 19, 2004, Golden Butterfly Portfolio's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, your investment would double in approximately 8.8 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +7.2%, while the worst month was Oct 2008 at -11.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Golden Butterfly Portfolio closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +4.4%, while the worst single day was Mar 12, 2020 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.10% | 3.06% | -5.04% | 1.87% | |||||||||
| 2025 | 2.49% | 0.18% | -0.53% | -0.32% | 1.35% | 2.63% | 0.36% | 3.38% | 4.10% | 1.43% | 1.86% | 0.15% | 18.33% |
| 2024 | -1.53% | 1.11% | 3.29% | -2.94% | 2.86% | 0.53% | 4.79% | 1.12% | 2.18% | -0.86% | 3.28% | -3.53% | 10.38% |
| 2023 | 6.60% | -3.04% | 2.00% | 0.02% | -1.58% | 2.54% | 1.94% | -2.21% | -4.74% | -1.36% | 6.25% | 5.91% | 12.16% |
| 2022 | -3.35% | 0.81% | -0.36% | -5.49% | -0.58% | -4.08% | 3.62% | -3.27% | -6.49% | 2.92% | 4.99% | -2.54% | -13.64% |
| 2021 | -0.18% | 0.59% | 0.92% | 2.57% | 2.44% | -0.36% | 0.75% | 0.83% | -2.45% | 2.62% | -0.41% | 1.77% | 9.36% |
Benchmark Metrics
Golden Butterfly Portfolio has an annualized alpha of 4.65%, beta of 0.36, and R² of 0.56 versus S&P 500 Index. Calculated based on daily prices since November 19, 2004.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (48.55%) than losses (37.16%) — typical of diversified or defensive assets.
- This portfolio generated an annualized alpha of 4.65% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Beta of 0.36 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 4.65%
- Beta
- 0.36
- R²
- 0.56
- Upside Capture
- 48.55%
- Downside Capture
- 37.16%
Expense Ratio
Golden Butterfly Portfolio has an expense ratio of 0.20%, 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.
Return for Risk
Risk / Return Rank
Golden Butterfly Portfolio ranks 81 for risk / return — in the top 81% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 0.90 | +0.75 |
Sortino ratioReturn per unit of downside risk | 2.31 | 1.39 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.63 | 1.40 | +1.23 |
Martin ratioReturn relative to average drawdown | 9.85 | 6.61 | +3.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
SHY iShares 1-3 Year Treasury Bond ETF | 96 | 2.50 | 4.12 | 1.52 | 4.15 | 16.03 |
TLT iShares 20+ Year Treasury Bond ETF | 12 | -0.04 | 0.02 | 1.00 | 0.05 | 0.11 |
VTI Vanguard Total Stock Market ETF | 65 | 0.96 | 1.48 | 1.23 | 1.52 | 7.26 |
IJS iShares S&P SmallCap 600 Value ETF | 61 | 0.99 | 1.51 | 1.20 | 1.52 | 5.74 |
GLD SPDR Gold Shares | 87 | 1.79 | 2.21 | 1.33 | 2.68 | 9.90 |
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Dividends
Dividend yield
Golden Butterfly Portfolio provided a 2.17% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.17% | 2.20% | 2.25% | 1.85% | 1.42% | 0.90% | 0.97% | 1.56% | 1.63% | 1.31% | 1.29% | 1.34% |
| Portfolio components: | ||||||||||||
SHY iShares 1-3 Year Treasury Bond ETF | 3.75% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
VTI Vanguard Total Stock Market ETF | 1.17% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
IJS iShares S&P SmallCap 600 Value ETF | 1.42% | 1.62% | 1.78% | 1.42% | 1.46% | 1.52% | 1.00% | 1.66% | 1.75% | 1.41% | 1.22% | 1.59% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 20.32%, occurring on Nov 20, 2008. Recovery took 205 trading sessions.
The current Golden Butterfly Portfolio drawdown is 5.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.32% | May 21, 2008 | 129 | Nov 20, 2008 | 205 | Sep 16, 2009 | 334 |
| -19.59% | Nov 10, 2021 | 238 | Oct 20, 2022 | 431 | Jul 11, 2024 | 669 |
| -15.83% | Feb 24, 2020 | 18 | Mar 18, 2020 | 53 | Jun 3, 2020 | 71 |
| -8.35% | May 11, 2006 | 24 | Jun 14, 2006 | 102 | Nov 7, 2006 | 126 |
| -8.27% | Jan 23, 2015 | 249 | Jan 19, 2016 | 48 | Mar 29, 2016 | 297 |
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 5 assets, with an effective number of assets of 5.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | GLD | SHY | TLT | IJS | VTI | Portfolio | |
|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.06 | -0.18 | -0.25 | 0.82 | 0.99 | 0.72 |
| GLD | 0.06 | 1.00 | 0.24 | 0.17 | 0.06 | 0.07 | 0.50 |
| SHY | -0.18 | 0.24 | 1.00 | 0.60 | -0.17 | -0.18 | 0.14 |
| TLT | -0.25 | 0.17 | 0.60 | 1.00 | -0.25 | -0.25 | 0.16 |
| IJS | 0.82 | 0.06 | -0.17 | -0.25 | 1.00 | 0.85 | 0.77 |
| VTI | 0.99 | 0.07 | -0.18 | -0.25 | 0.85 | 1.00 | 0.74 |
| Portfolio | 0.72 | 0.50 | 0.14 | 0.16 | 0.77 | 0.74 | 1.00 |