Golden Butterfly Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
SHY iShares 1-3 Year Treasury Bond ETF	Government Bonds, Short-Term Bond	20%
TLT iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	20%
GLD SPDR Gold Shares	Gold, Precious Metals	20%
VTI Vanguard Total Stock Market ETF	Large Cap Blend Equities	20%
IJS iShares S&P SmallCap 600 Value ETF	Small Cap Value Equities	20%

Benchmark: S&P 500 Index · Rebalance: Every 3 months

Portfolio Optimizer

Find the right asset allocation for Golden Butterfly Portfolio

Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer

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.

Loading charts...

Benchmark

Compare your portfolio against anything

Returns By Period

As of Aug 3, 2026, the Golden Butterfly Portfolio returned 4.61% Year-To-Date and 7.86% of annualized return in the last 10 years.

Position	1D	1M	6M	YTD	1Y	3Y*	5Y*	10Y*	ALL TIME*
Benchmark S&P 500 Index	0.70%	0.09%	7.94%	9.41%	20.07%	17.84%	11.25%	13.26%	8.09%
Portfolio Golden Butterfly Portfolio	-0.31%	-1.05%	0.49%	4.61%	16.40%	12.46%	6.25%	7.86%	7.93%
Portfolio components:
GLD SPDR Gold Shares	-1.49%	-1.74%	-16.50%	-6.25%	20.20%	27.22%	16.95%	11.05%	10.28%
IJS iShares S&P SmallCap 600 Value ETF	0.09%	0.38%	12.92%	20.25%	39.43%	12.47%	7.91%	10.17%	9.94%
SHY iShares 1-3 Year Treasury Bond ETF	-0.01%	0.07%	0.55%	0.76%	2.53%	4.19%	1.78%	1.65%	1.95%
TLT iShares 20+ Year Treasury Bond ETF	-0.66%	-3.81%	-3.46%	-3.49%	-2.45%	-1.80%	-8.18%	-2.38%	3.47%
VTI Vanguard Total Stock Market ETF	0.53%	-0.15%	8.77%	10.49%	21.84%	18.92%	11.74%	14.63%	9.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Nov 18, 2004, Golden Butterfly Portfolio's average daily return is +0.03%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 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%	-5.05%	3.50%	1.16%	-1.04%	-0.89%						4.61%
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 4.45%, beta of 0.36, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since November 18, 2004.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (47.83%) than losses (37.53%) - typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 4.45% 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: 4.45%

Beta: 0.36

R²: 0.56

Upside Capture: 47.83%

Downside Capture: 37.53%

See how alpha, beta & R² have trended over time →

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.

GLD

SPDR Gold Shares

IJS

iShares S&P SmallCap 600 Value ETF

SHY

iShares 1-3 Year Treasury Bond ETF

TLT

iShares 20+ Year Treasury Bond ETF

VTI

Vanguard Total Stock Market ETF

Return for Risk

Risk / Return Rank

Golden Butterfly Portfolio ranks 52 for risk / return — above 52% of Portfolios peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

Risk / Return Metrics

The table below presents risk-adjusted performance metrics for Golden Butterfly Portfolio and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	1.66	1.42	+0.25
Sortino ratioReturn per unit of downside risk	2.29	1.98	+0.31
Omega ratioGain probability vs. loss probability	1.31	1.25	+0.05
Calmar ratioReturn relative to maximum drawdown	2.38	2.00	+0.37
Martin ratioReturn relative to average drawdown	7.97	8.49	-0.52

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
GLD SPDR Gold Shares	30	0.81	1.16	1.17	0.86	1.86
IJS iShares S&P SmallCap 600 Value ETF	87	2.09	3.02	1.37	3.99	13.67
SHY iShares 1-3 Year Treasury Bond ETF	90	2.21	3.51	1.45	3.43	13.40
TLT iShares 20+ Year Treasury Bond ETF	9	-0.11	-0.10	0.99	-0.14	-0.30
VTI Vanguard Total Stock Market ETF	65	1.52	2.12	1.27	2.23	9.62

Sharpe Ratio

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. Learn how to interpret the Sharpe ratio.

The current Golden Butterfly Portfolio Sharpe ratio is 1.66 as of Aug 3, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.19 to 2.01, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

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

Loading charts...

Dividends

Dividend yield

Golden Butterfly Portfolio provided a 2.01% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.01%	2.20%	2.25%	1.85%	1.42%	0.90%	0.97%	1.56%	1.63%	1.31%	1.29%	1.34%
Portfolio components:
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%
IJS iShares S&P SmallCap 600 Value ETF	1.32%	1.62%	1.78%	1.42%	1.46%	1.52%	1.00%	1.66%	1.75%	1.41%	1.22%	1.59%
SHY iShares 1-3 Year Treasury Bond ETF	3.32%	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	4.34%	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	1.06%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

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.

Loading charts...

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 2.66%.

Drawdown	Fall	Recovery	Underwater	Related event
-20.32%Nov 2008	6mo 3d	10mo	1y 3moMay 2008 - Sep 2009	Financial crisis2007–2009
-19.59%Oct 2022	11mo 14d	1y 8mo	2y 8moNov 2021 - Jul 2024	Bear market2022
-15.83%Mar 2020	23d	2mo 17d	3mo 10dFeb 2020 - Jun 2020	COVID crash2020
-8.35%Jun 2006	1mo 4d	4mo 26d	6moMay 2006 - Nov 2006	—
-8.27%Jan 2016	12mo 1d	2mo 10d	1y 2moJan 2015 - Mar 2016	—

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading charts...

Diversification

AI Analysis

The gist

The portfolio splits evenly among short- and long-term government bonds, U.S. equities, small-cap value, and gold: a genuine multi-regime portfolio, with equities still doing most of the daily talking.

The numbers

Diversification ratio is 1.43 over one year and 1.69 since inception, ranking in the 63rd to 89th percentiles on the platform.
Effective asset count is 5.0 of 5, so the weights are mechanically well spread.
Mean correlation is just 0.12, although the portfolio’s two equity sleeves correlate at 0.84.

The good

TLT’s negative -0.24 correlation with both equity sleeves provides meaningful ballast in some equity-stress regimes.
Gold is a distinct cluster, not merely another equity position wearing a commodity label.

The bad

VTI and IJS are separate holdings but largely one equity risk: their portfolio correlations are 0.75 and 0.77.
SHY and TLT form a bond cluster with 0.60 correlation, leaving three of five positions tied to rates or equities.

The ugly

A sharp rise in long-term yields could pressure TLT, VTI, and IJS together, while GLD’s 0.51 portfolio correlation offers only partial insulation.

Next steps

Portfolios with this structure could be complemented by exposures whose drivers sit outside both duration and U.S. equity risk.
The declining short-window diversification ratio suggests recent correlations have made the architecture less helpful than its long history.

AI-generated analysis. Not investment advice. Verify key facts independently.

Was this useful?

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. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.43	1.49	1.51	1.60	1.69

The portfolio has a diversification ratio of 1.69, in line with the typical range across portfolios.

Golden Butterfly Portfolio correlation to the S&P 500 Index

Golden Butterfly Portfolio has a 0.73 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (10Y) Provides a long-term view across more market conditions.	0.71
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004	0.72