Harry Browne Permanent Portfolio

The chart shows the growth of an initial investment of $10,000 in Harry Browne Permanent 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.

As of Apr 3, 2026, the Harry Browne Permanent Portfolio returned -2.45% Year-To-Date and 19.04% of annualized return in the last 10 years.

Based on dividend-adjusted daily data since May 5, 2015, Harry Browne Permanent Portfolio's average daily return is +0.07%, while the average monthly return is +1.56%. At this rate, your investment would double in approximately 3.7 years.

Historically, 59% of months were positive and 41% were negative. The best month was May 2017 with a return of +37.9%, while the worst month was Sep 2017 at -8.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, Harry Browne Permanent Portfolio closed higher 53% of trading days. The best single day was May 24, 2017 with a return of +11.4%, while the worst single day was Dec 21, 2017 at -8.8%.

Harry Browne Permanent Portfolio has an annualized alpha of 15.34%, beta of 0.34, and R² of 0.14 versus S&P 500 Index. Calculated based on daily prices since May 05, 2015.

• This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (82.25%) than losses (37.67%) — typical of diversified or defensive assets.
• Beta of 0.34 may look defensive, but with R² of 0.14 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
• R² of 0.14 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Harry Browne Permanent Portfolio has an expense ratio of 0.13%, 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.

Harry Browne Permanent Portfolio ranks 15 for risk / return — in the bottom 15% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Harry Browne Permanent Portfolio Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

• 1-Year: 0.77
• 5-Year: 0.59
• 10-Year: 1.13
• All Time: 1.11

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.98 to 1.66, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of Harry Browne Permanent Portfolio compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Harry Browne Permanent Portfolio provided a 2.35% dividend yield over the last twelve months.

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.

The table below displays the maximum drawdowns of the Harry Browne Permanent 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 Harry Browne Permanent Portfolio was 32.78%, occurring on Nov 9, 2022. Recovery took 324 trading sessions.

The current Harry Browne Permanent Portfolio drawdown is 6.23%.

The chart below shows the rolling one-month volatility.