Asset Allocation
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in Gone Fishin’ 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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Returns By Period
As of Jul 15, 2026, the Gone Fishin’ Portfolio returned 9.94% Year-To-Date and 8.80% of annualized return in the last 10 years.
| Position | 1D | 1M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.38% | 1.51% | 8.33% | 10.20% | 20.34% | 18.74% | 11.59% | 13.31% |
Portfolio Gone Fishin’ Portfolio | 0.52% | 0.04% | 7.03% | 9.94% | 19.09% | 14.07% | 7.36% | 8.80% |
| Portfolio components: | ||||||||
BND Vanguard Total Bond Market ETF | 0.28% | -0.41% | -0.17% | 0.11% | 3.88% | 3.85% | -0.21% | 1.46% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 0.20% | 0.14% | 1.28% | 1.79% | 5.49% | 8.20% | 3.67% | 4.67% |
IAU iShares Gold Trust | 1.36% | -3.69% | -11.68% | -6.04% | 20.97% | 27.24% | 16.98% | 11.52% |
VGK Vanguard FTSE Europe ETF | 0.50% | -0.13% | 4.82% | 7.55% | 17.05% | 15.40% | 9.14% | 9.87% |
VIOO Vanguard S&P Small-Cap 600 ETF | 0.28% | 1.48% | 15.51% | 21.48% | 30.43% | 14.57% | 7.81% | 10.75% |
VNQ Vanguard Real Estate ETF | -0.27% | -0.08% | 10.43% | 12.42% | 12.18% | 8.46% | 2.33% | 4.88% |
VPL Vanguard FTSE Pacific ETF | 2.27% | -1.90% | 18.95% | 24.45% | 43.23% | 20.12% | 9.81% | 9.97% |
VTI Vanguard Total Stock Market ETF | 0.37% | 1.60% | 9.07% | 11.37% | 22.02% | 19.91% | 12.17% | 14.71% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 0.00% | -0.12% | 1.58% | 1.73% | 3.52% | 5.12% | 3.17% | 3.06% |
VWO Vanguard FTSE Emerging Markets ETF | 0.49% | -0.67% | 5.70% | 10.03% | 22.10% | 15.55% | 5.29% | 7.96% |
Monthly Returns
Based on dividend-adjusted daily data since Oct 16, 2012, Gone Fishin’ Portfolio's average daily return is +0.03%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +8.9%, while the worst month was Mar 2020 at -11.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, Gone Fishin’ Portfolio closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +5.6%, while the worst single day was Mar 16, 2020 at -8.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.86% | 2.83% | -5.20% | 6.21% | 2.21% | 0.61% | -0.60% | 9.94% | |||||
| 2025 | 2.53% | 0.10% | -1.21% | 0.32% | 3.23% | 3.06% | 0.29% | 3.42% | 2.48% | 0.97% | 0.94% | 0.69% | 18.05% |
| 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% | 9.24% |
| 2023 | 6.66% | -3.02% | 1.36% | 0.33% | -1.68% | 3.85% | 2.97% | -2.60% | -3.66% | -2.23% | 6.78% | 5.48% | 14.28% |
| 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% | 3.13% | 12.04% |
Benchmark Metrics
Gone Fishin’ Portfolio has an annualized alpha of -0.05%, beta of 0.64, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since October 16, 2012.
- This portfolio participated in 70.64% of S&P 500 Index downside but only 61.25% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.64 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
- -0.05%
- Beta
- 0.64
- R²
- 0.85
- Upside Capture
- 61.25%
- Downside Capture
- 70.64%
Expense Ratio
Gone Fishin’ Portfolio has an expense ratio of 0.11%, 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
Gone Fishin’ Portfolio ranks 57 for risk / return — on par with similar Portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for Gone Fishin’ 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 | 1.80 | 1.63 | +0.17 |
| Sortino ratioReturn per unit of downside risk | 2.54 | 2.25 | +0.29 |
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.25 | +0.32 |
| Martin ratioReturn relative to average drawdown | 10.57 | 9.74 | +0.83 |
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 |
|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 34 | 1.05 | 1.55 | 1.18 | 1.46 | 4.01 |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 59 | 1.44 | 2.16 | 1.27 | 2.36 | 10.40 |
IAU iShares Gold Trust | 24 | 0.76 | 1.11 | 1.16 | 0.80 | 1.95 |
VGK Vanguard FTSE Europe ETF | 37 | 1.08 | 1.61 | 1.19 | 1.42 | 5.25 |
VIOO Vanguard S&P Small-Cap 600 ETF | 73 | 1.74 | 2.57 | 1.30 | 3.49 | 11.75 |
VNQ Vanguard Real Estate ETF | 31 | 0.88 | 1.29 | 1.16 | 1.47 | 4.61 |
VPL Vanguard FTSE Pacific ETF | 75 | 1.89 | 2.46 | 1.35 | 3.26 | 11.51 |
VTI Vanguard Total Stock Market ETF | 67 | 1.73 | 2.38 | 1.31 | 2.48 | 10.86 |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 90 | 2.25 | 3.53 | 1.46 | 4.96 | 15.99 |
VWO Vanguard FTSE Emerging Markets ETF | 47 | 1.29 | 1.83 | 1.24 | 1.99 | 6.79 |
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Dividends
Dividend yield
Gone Fishin’ Portfolio provided a 2.70% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.70% | 2.87% | 2.84% | 2.78% | 3.16% | 2.45% | 2.00% | 2.54% | 2.81% | 2.31% | 2.41% | 2.42% |
| Portfolio components: | ||||||||||||
BND Vanguard Total Bond Market ETF | 4.00% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.91% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
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% |
VGK Vanguard FTSE Europe ETF | 2.91% | 2.86% | 3.61% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% |
VIOO Vanguard S&P Small-Cap 600 ETF | 1.12% | 1.36% | 1.48% | 1.47% | 1.51% | 1.16% | 1.09% | 1.37% | 1.32% | 1.11% | 1.06% | 1.26% |
VNQ Vanguard Real Estate ETF | 3.56% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
VPL Vanguard FTSE Pacific ETF | 2.69% | 4.01% | 3.15% | 3.12% | 2.75% | 3.19% | 1.81% | 2.84% | 3.06% | 2.57% | 2.65% | 2.43% |
VTI Vanguard Total Stock Market ETF | 1.05% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 4.16% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% |
VWO Vanguard FTSE Emerging Markets ETF | 2.34% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
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 26.04%, occurring on Mar 23, 2020. Recovery took 102 trading sessions.
The current Gone Fishin’ Portfolio drawdown is 0.96%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -26.04%Mar 2020 | 2mo 2d | 4mo 27d | 6mo 29dJan 2020 - Aug 2020 |
Bear market2022 | -21.73%Oct 2022 | 11mo 9d | 1y 5mo | 2y 4moNov 2021 - Mar 2024 |
2016 correction2016 | -14.36%Feb 2016 | 9mo 18d | 5mo 19d | 1y 3moApr 2015 - Jul 2016 |
Rate-hike selloffLate 2018 | -13.13%Dec 2018 | 10mo 29d | 4mo 10d | 1y 3moJan 2018 - May 2019 |
2025 selloff2025 | -10.77%Apr 2025 | 1mo 18d | 1mo 4d | 2mo 22dFeb 2025 - May 2025 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
AI Analysis
The gist
The portfolio is a broad risk-asset mix with a respectable government-bond sleeve and a little gold, so the thesis is not “one thing” so much as “many things that mostly rhyme.” The data says the rhyme is strong enough that the equity-heavy cluster still does most of the work.
The numbers
- Diversification ratio is 1.25 at 41.7th percentile on 1Y and 1.23 at 44.0th percentile incept; that is modest diversification, not a great deal of frictionless independence.
- Effective asset count is 9.09 of 10, so there is little outright concentration by weight; the issue is correlation, not position count.
- Mean pairwise correlation is 0.38, with a high end of 0.83 between VTI (VTI) and VIOO (VIOO), which is the sort of overlap that looks harmless until equity volatility shows up.
The good
- The portfolio actually contains distinct return drivers: BND (BND), VTIP (VTIP), and IAU (IAU) sit near the low-correlation end and provide some ballast.
- VNQ (VNQ) is not just a disguised equity sleeve; its 0.65 portfolio correlation gives it some independence, even if REITs are not exactly strangers to risk assets.
- The regional equity mix is broad, with VPL (VPL), VGK (VGK), and VWO (VWO) spreading the equity bet across geographies.
The bad
- The equity cluster is still one cluster: VTI (VTI), VIOO (VIOO), VPL (VPL), VGK (VGK), and VWO (VWO) all move together enough that the portfolio behaves like a global equity basket with side dishes.
- HYG (HYG) is not much of a diversifier here; at 0.77 portfolio correlation, it often behaves like credit beta wearing a bond label.
The ugly
- In an equity drawdown driven by growth scare, earnings recession, or widening credit spreads, the cluster of VTI, VIOO, VPL, VGK, VWO, and HYG is likely to de-correlate less than its nameplates suggest.
- VTIP and BND help most when inflation and rates are the problem, not when risk assets sell off together; that is a useful distinction, and also the sort markets enjoy making.
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. 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 | 1.25 | 1.26 | 1.24 | 1.22 | 1.23 |
The portfolio has a diversification ratio of 1.23, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
Gone Fishin’ Portfolio correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2012 | 0.89 |
Benchmark Correlations
Correlation vs. S&P 500 Index. VTI has the highest benchmark correlation at 0.99, while BND has the lowest at -0.02.
Asset Correlations Table
| BND | IAU | VTIP | VNQ | VWO | VIOO | HYG | VPL | VGK | VTI | |
|---|---|---|---|---|---|---|---|---|---|---|
| BND | 1.00 | 0.35 | 0.55 | 0.23 | 0.02 | -0.04 | 0.25 | 0.04 | 0.04 | -0.01 |
| IAU | 0.35 | 1.00 | 0.34 | 0.11 | 0.18 | 0.01 | 0.13 | 0.15 | 0.16 | 0.03 |
| VTIP | 0.55 | 0.34 | 1.00 | 0.20 | 0.11 | 0.06 | 0.24 | 0.12 | 0.13 | 0.07 |
| VNQ | 0.23 | 0.11 | 0.20 | 1.00 | 0.41 | 0.59 | 0.52 | 0.48 | 0.51 | 0.59 |
| VWO | 0.02 | 0.18 | 0.11 | 0.41 | 1.00 | 0.58 | 0.59 | 0.77 | 0.73 | 0.69 |
| VIOO | -0.04 | 0.01 | 0.06 | 0.59 | 0.58 | 1.00 | 0.64 | 0.66 | 0.67 | 0.83 |
| HYG | 0.25 | 0.13 | 0.24 | 0.52 | 0.59 | 0.64 | 1.00 | 0.63 | 0.66 | 0.72 |
| VPL | 0.04 | 0.15 | 0.12 | 0.48 | 0.77 | 0.66 | 0.63 | 1.00 | 0.78 | 0.76 |
| VGK | 0.04 | 0.16 | 0.13 | 0.51 | 0.73 | 0.67 | 0.66 | 0.78 | 1.00 | 0.77 |
| VTI | -0.01 | 0.03 | 0.07 | 0.59 | 0.69 | 0.83 | 0.72 | 0.76 | 0.77 | 1.00 |
Find what Gone Fishin’ Portfolio is missing
See which holdings overlap, where Gone Fishin’ Portfolio is concentrated, and which low-correlation assets could fill the gaps.
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