Gone Fishin’ Portfolio
Gone Fishin’ is a portfolio described by Alexander Green, chief investment strategist of the Oxford Club, in his book. It is a broadly diversifies portfolio consisting of 10 ETFs. 60% of Gone Fishin’ portfolio divided between US and non-US stocks. Another 30% shared equally among TIPS, corporate investment-grade bonds, and corporate high-yield bonds. The remaining 10% divided between real-estate investment trusts (REITs) and precious metals.
Asset Allocation
Performance
Performance Chart
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The earliest data available for this chart is Oct 16, 2012, corresponding to the inception date of VTIP
Returns By Period
As of May 11, 2025, the Gone Fishin’ Portfolio returned 3.09% Year-To-Date and 6.42% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -3.77% | 7.44% | -5.60% | 8.37% | 14.12% | 10.46% |
| Gone Fishin’ Portfolio | 3.09% | 7.12% | 0.07% | 8.57% | 9.48% | 6.42% |
| Portfolio components: | ||||||
VTI Vanguard Total Stock Market ETF | -3.75% | 7.98% | -5.68% | 9.17% | 15.27% | 11.77% |
VPL Vanguard FTSE Pacific ETF | 8.40% | 12.24% | 4.24% | 6.61% | 8.35% | 4.78% |
VIOO Vanguard S&P Small-Cap 600 ETF | -9.72% | 10.05% | -15.51% | -2.99% | 12.54% | 7.56% |
VNQ Vanguard Real Estate ETF | 1.12% | 7.92% | -5.15% | 12.02% | 7.89% | 5.42% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.81% | 3.19% | 1.32% | 8.32% | 5.19% | 3.96% |
IAU iShares Gold Trust | 26.78% | 4.95% | 23.81% | 40.49% | 14.17% | 10.36% |
BND Vanguard Total Bond Market ETF | 2.21% | 0.98% | 1.19% | 5.53% | -0.78% | 1.51% |
VWO Vanguard FTSE Emerging Markets ETF | 5.13% | 10.28% | 1.34% | 9.84% | 8.26% | 3.62% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.51% | 0.85% | 3.64% | 7.07% | 4.01% | 2.85% |
VGK Vanguard FTSE Europe ETF | 17.21% | 11.40% | 13.20% | 11.08% | 13.55% | 5.92% |
Monthly Returns
The table below presents the monthly returns of Gone Fishin’ 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 | 2.53% | 0.10% | -1.21% | 0.32% | 1.35% | 3.09% | |||||||
| 2024 | -1.29% | 2.24% | 2.65% | -2.77% | 3.30% | 0.30% | 3.89% | 1.40% | 2.14% | -2.19% | 2.81% | -3.26% | 9.25% |
| 2023 | 6.66% | -3.02% | 1.36% | 0.33% | -1.68% | 3.86% | 2.97% | -2.60% | -3.66% | -2.23% | 6.78% | 5.53% | 14.34% |
| 2022 | -3.86% | -1.02% | 0.05% | -5.57% | 0.54% | -6.15% | 5.27% | -3.76% | -7.75% | 4.30% | 6.91% | -2.91% | -14.17% |
| 2021 | 0.83% | 2.00% | 1.78% | 2.53% | 1.69% | 0.34% | -0.01% | 1.35% | -2.58% | 2.58% | -2.02% | 3.11% | 12.02% |
| 2020 | -1.34% | -4.79% | -11.80% | 7.65% | 3.66% | 2.61% | 4.25% | 2.98% | -2.13% | -0.61% | 8.93% | 4.63% | 12.92% |
| 2019 | 6.66% | 1.71% | 0.57% | 1.99% | -3.90% | 4.80% | -0.07% | -0.77% | 1.43% | 1.96% | 1.15% | 2.78% | 19.50% |
| 2018 | 2.85% | -3.41% | 0.22% | 0.15% | 1.03% | -0.46% | 1.85% | 0.64% | -0.56% | -5.60% | 1.45% | -4.62% | -6.64% |
| 2017 | 1.96% | 1.86% | 0.78% | 1.17% | 0.79% | 0.76% | 1.87% | 0.28% | 1.71% | 1.11% | 1.28% | 0.96% | 15.53% |
| 2016 | -3.40% | 0.33% | 5.82% | 1.13% | 0.04% | 1.46% | 3.33% | 0.21% | 0.81% | -2.04% | 0.96% | 1.60% | 10.42% |
| 2015 | 0.39% | 2.97% | -0.41% | 1.06% | 0.00% | -1.54% | -0.33% | -4.52% | -2.09% | 4.71% | -0.50% | -1.90% | -2.46% |
| 2014 | -2.49% | 3.72% | 0.31% | 0.30% | 1.35% | 2.13% | -1.81% | 2.17% | -3.64% | 2.30% | 0.13% | -0.78% | 3.47% |
Expense Ratio
Gone Fishin’ Portfolio has an expense ratio of 0.12%, 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 Gone Fishin’ Portfolio is 66, 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 | |
|---|---|---|---|---|---|
VTI Vanguard Total Stock Market ETF | 0.47 | 0.83 | 1.12 | 0.51 | 1.94 |
VPL Vanguard FTSE Pacific ETF | 0.33 | 0.56 | 1.07 | 0.35 | 1.04 |
VIOO Vanguard S&P Small-Cap 600 ETF | -0.14 | 0.01 | 1.00 | -0.09 | -0.27 |
VNQ Vanguard Real Estate ETF | 0.66 | 1.09 | 1.14 | 0.54 | 2.35 |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.45 | 2.08 | 1.30 | 1.74 | 9.20 |
IAU iShares Gold Trust | 2.41 | 3.33 | 1.43 | 5.34 | 14.29 |
BND Vanguard Total Bond Market ETF | 1.00 | 1.45 | 1.17 | 0.42 | 2.54 |
VWO Vanguard FTSE Emerging Markets ETF | 0.55 | 0.92 | 1.12 | 0.54 | 1.77 |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.63 | 5.96 | 1.84 | 7.36 | 24.70 |
VGK Vanguard FTSE Europe ETF | 0.66 | 1.13 | 1.15 | 0.91 | 2.56 |
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Dividends
Dividend yield
Gone Fishin’ Portfolio provided a 2.81% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.81% | 2.84% | 2.83% | 3.16% | 2.44% | 1.99% | 2.54% | 2.81% | 2.31% | 2.39% | 2.42% | 2.55% |
| Portfolio components: | ||||||||||||
VTI Vanguard Total Stock Market ETF | 1.35% | 1.27% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% |
VPL Vanguard FTSE Pacific ETF | 3.09% | 3.15% | 3.12% | 2.75% | 3.19% | 1.81% | 2.85% | 3.06% | 2.57% | 2.65% | 2.43% | 2.69% |
VIOO Vanguard S&P Small-Cap 600 ETF | 1.64% | 1.48% | 1.47% | 1.51% | 1.16% | 1.09% | 1.37% | 1.32% | 1.11% | 0.95% | 1.26% | 1.06% |
VNQ Vanguard Real Estate ETF | 4.07% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.89% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
IAU iShares 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% |
BND Vanguard Total Bond Market ETF | 3.75% | 3.67% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% |
VWO Vanguard FTSE Emerging Markets ETF | 3.06% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.24% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 2.76% | 2.70% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% |
VGK Vanguard FTSE Europe ETF | 2.99% | 3.61% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% | 4.62% |
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 Gone Fishin’ 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 Gone Fishin’ Portfolio was 26.03%, occurring on Mar 23, 2020. Recovery took 102 trading sessions.
The current Gone Fishin’ Portfolio drawdown is 1.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.03% | Jan 21, 2020 | 44 | Mar 23, 2020 | 102 | Aug 17, 2020 | 146 |
| -21.75% | Nov 9, 2021 | 235 | Oct 14, 2022 | 359 | Mar 21, 2024 | 594 |
| -14.36% | Apr 29, 2015 | 200 | Feb 11, 2016 | 117 | Jul 29, 2016 | 317 |
| -13.13% | Jan 29, 2018 | 229 | Dec 24, 2018 | 89 | May 3, 2019 | 318 |
| -10.77% | Feb 19, 2025 | 35 | Apr 8, 2025 | — | — | — |
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 10 assets, with an effective number of assets of 9.09, 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 | IAU | BND | VTIP | VNQ | VWO | VIOO | HYG | VPL | VGK | VTI | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.00 | -0.04 | 0.07 | 0.60 | 0.68 | 0.80 | 0.71 | 0.76 | 0.76 | 0.99 | 0.90 |
| IAU | 0.00 | 1.00 | 0.36 | 0.35 | 0.11 | 0.16 | -0.00 | 0.11 | 0.13 | 0.14 | 0.01 | 0.17 |
| BND | -0.04 | 0.36 | 1.00 | 0.55 | 0.21 | -0.00 | -0.07 | 0.22 | 0.01 | 0.01 | -0.04 | 0.07 |
| VTIP | 0.07 | 0.35 | 0.55 | 1.00 | 0.20 | 0.11 | 0.07 | 0.24 | 0.13 | 0.13 | 0.08 | 0.19 |
| VNQ | 0.60 | 0.11 | 0.21 | 0.20 | 1.00 | 0.43 | 0.59 | 0.53 | 0.50 | 0.52 | 0.61 | 0.67 |
| VWO | 0.68 | 0.16 | -0.00 | 0.11 | 0.43 | 1.00 | 0.58 | 0.60 | 0.78 | 0.73 | 0.69 | 0.82 |
| VIOO | 0.80 | -0.00 | -0.07 | 0.07 | 0.59 | 0.58 | 1.00 | 0.64 | 0.67 | 0.67 | 0.84 | 0.87 |
| HYG | 0.71 | 0.11 | 0.22 | 0.24 | 0.53 | 0.60 | 0.64 | 1.00 | 0.63 | 0.66 | 0.72 | 0.77 |
| VPL | 0.76 | 0.13 | 0.01 | 0.13 | 0.50 | 0.78 | 0.67 | 0.63 | 1.00 | 0.79 | 0.76 | 0.86 |
| VGK | 0.76 | 0.14 | 0.01 | 0.13 | 0.52 | 0.73 | 0.67 | 0.66 | 0.79 | 1.00 | 0.77 | 0.87 |
| VTI | 0.99 | 0.01 | -0.04 | 0.08 | 0.61 | 0.69 | 0.84 | 0.72 | 0.76 | 0.77 | 1.00 | 0.92 |
| Portfolio | 0.90 | 0.17 | 0.07 | 0.19 | 0.67 | 0.82 | 0.87 | 0.77 | 0.86 | 0.87 | 0.92 | 1.00 |
AI Insight on Diversification
The portfolio is moderately diversified with a mix of asset classes that exhibit varying degrees of correlation. The correlation matrix reveals that several equity positions, particularly VIOO (U.S. small-cap), VTI (U.S. total stock market), VGK (European stocks), VPL (Pacific stocks), and VWO (emerging markets), are highly correlated with each other, with correlations generally above 0.7. This high correlation among equity holdings suggests that these positions tend to move in tandem, which can reduce the diversification benefits within the equity portion of the portfolio.
On the other hand, fixed income components such as BND (U.S. total bond market), IAU (gold), and VTIP (TIPS) show relatively low correlations with the equity positions and with each other, with correlations mostly below 0.4. Particularly, BND has near-zero or slightly negative correlations with emerging markets (VWO) and U.S. equities (VTI), which helps in diversification by providing a buffer during equity market downturns. IAU (gold) also exhibits low correlations across the board, which is typical given gold's role as a non-correlated asset and inflation hedge.
The portfolio’s overall correlation with individual positions ranges from a low of 0.07 with BND to a high of 0.92 with VTI, indicating that U.S. equities (VTI) have the strongest influence on the portfolio's movements. This suggests that the portfolio’s performance is heavily driven by the U.S. equity market, making VTI a dominant position. Similarly, other equity ETFs like VIOO and VGK also have high correlations with the portfolio (above 0.85), reinforcing the concentration in equities.
The moderate correlations between fixed income and gold with the portfolio (0.07 to 0.19) indicate these assets contribute to diversification, but their relatively small influence on the portfolio’s overall behavior suggests they may be underweighted compared to equities.
In summary, while the portfolio includes a variety of asset classes that provide some diversification, the high correlations among equity positions and the dominant influence of U.S. equities point to a portfolio that is more concentrated in equities than in truly diversified assets. The presence of lowly correlated fixed income and gold positions helps mitigate risk to some extent, but the portfolio’s risk and return profile will be largely driven by equity market movements.