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 31, 2025, the Gone Fishin’ Portfolio returned 5.00% Year-To-Date and 6.62% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.51% | 6.15% | -2.00% | 12.92% | 14.19% | 10.85% |
| Gone Fishin’ Portfolio | 5.00% | 3.23% | 1.58% | 10.83% | 9.02% | 6.62% |
| Portfolio components: | ||||||
VTI Vanguard Total Stock Market ETF | 0.38% | 6.25% | -2.68% | 13.67% | 15.23% | 12.13% |
VPL Vanguard FTSE Pacific ETF | 11.80% | 4.57% | 7.20% | 10.84% | 8.01% | 5.21% |
VIOO Vanguard S&P Small-Cap 600 ETF | -8.22% | 5.40% | -15.55% | -0.68% | 11.56% | 7.57% |
VNQ Vanguard Real Estate ETF | 1.30% | 1.12% | -7.18% | 13.84% | 6.90% | 5.35% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 3.13% | 1.75% | 2.33% | 9.79% | 4.66% | 4.02% |
IAU iShares Gold Trust | 25.55% | -0.02% | 23.70% | 40.51% | 13.46% | 10.41% |
BND Vanguard Total Bond Market ETF | 2.49% | -0.67% | 0.77% | 5.82% | -1.00% | 1.54% |
VWO Vanguard FTSE Emerging Markets ETF | 6.83% | 3.87% | 5.73% | 11.65% | 7.97% | 4.03% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.51% | -0.38% | 3.40% | 6.78% | 3.88% | 2.85% |
VGK Vanguard FTSE Europe ETF | 21.43% | 5.28% | 18.10% | 14.62% | 12.96% | 6.41% |
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% | 3.23% | 5.00% | |||||||
| 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 63, 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 | 0.68 | 0.98 | 1.14 | 0.63 | 2.36 |
VPL Vanguard FTSE Pacific ETF | 0.57 | 0.83 | 1.11 | 0.58 | 1.72 |
VIOO Vanguard S&P Small-Cap 600 ETF | -0.03 | 0.13 | 1.02 | -0.03 | -0.07 |
VNQ Vanguard Real Estate ETF | 0.77 | 1.17 | 1.15 | 0.60 | 2.46 |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.72 | 2.56 | 1.37 | 2.17 | 11.56 |
IAU iShares Gold Trust | 2.29 | 2.98 | 1.38 | 4.85 | 13.25 |
BND Vanguard Total Bond Market ETF | 1.10 | 1.60 | 1.19 | 0.47 | 2.79 |
VWO Vanguard FTSE Emerging Markets ETF | 0.63 | 0.89 | 1.12 | 0.52 | 1.72 |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.36 | 5.08 | 1.75 | 6.99 | 20.77 |
VGK Vanguard FTSE Europe ETF | 0.83 | 1.21 | 1.16 | 0.98 | 2.76 |
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Dividends
Dividend yield
Gone Fishin’ Portfolio provided a 2.76% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.76% | 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 | 1.29% | 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 | 3.00% | 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 | 1.62% | 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 | 5.81% | 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 | 3.74% | 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 | 3.01% | 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 | 2.89% | 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 0.38%.
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 | 23 | May 12, 2025 | 58 |
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 | 0.75 | 0.76 | 0.99 | 0.90 |
| IAU | 0.00 | 1.00 | 0.35 | 0.35 | 0.11 | 0.16 | -0.01 | 0.11 | 0.13 | 0.14 | 0.01 | 0.17 |
| BND | -0.04 | 0.35 | 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 | 0.14 | 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 | 0.59 | 0.77 | 0.73 | 0.69 | 0.81 |
| VIOO | 0.80 | -0.01 | -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 | 0.59 | 0.64 | 1.00 | 0.63 | 0.66 | 0.72 | 0.78 |
| VPL | 0.75 | 0.13 | 0.01 | 0.13 | 0.50 | 0.77 | 0.67 | 0.63 | 1.00 | 0.79 | 0.76 | 0.86 |
| VGK | 0.76 | 0.14 | 0.01 | 0.14 | 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 | 0.81 | 0.87 | 0.78 | 0.86 | 0.87 | 0.92 | 1.00 |
AI Insight on Diversification
The portfolio is moderately diversified with a blend of asset classes that exhibit varying degrees of correlation. The correlation matrix reveals that equity positions, particularly U.S. large-cap (VTI), U.S. small-cap (VIOO), and international equities (VPL, VGK, VWO), are highly correlated with each other, with correlations often above 0.7. This high correlation among equity holdings suggests that these positions move in similar directions, which can reduce diversification benefits within the equity sleeve.
In contrast, the fixed income components—BND (aggregate bonds), VTIP (inflation-protected bonds), and HYG (high-yield bonds)—show lower correlations with equities and among themselves, generally ranging from near zero to moderate positive correlations (0.2 to 0.6). Notably, BND and VTIP have a moderate correlation of 0.55, indicating some overlap but still providing diversification benefits. The gold position (IAU) exhibits low correlations with most other assets, especially equities, with correlations mostly below 0.2, which enhances diversification by providing a non-correlated hedge.
The portfolio's overall correlation with individual positions is highest with VTI (0.92), VIOO (0.87), and VGK (0.87), indicating that these equity positions have the greatest influence on the portfolio's returns. This dominance by U.S. and developed international equities suggests the portfolio is equity-heavy and somewhat concentrated in these markets. Conversely, the portfolio shows lower correlations with BND (0.07) and IAU (0.17), reflecting their role as diversifiers.
While the portfolio includes a variety of asset classes, the strong correlations among equity holdings imply that diversification benefits are somewhat limited within the equity portion. The inclusion of fixed income and gold provides meaningful diversification, reducing overall portfolio volatility. However, the portfolio leans toward equity risk, with a concentration in U.S. and developed international stocks driving portfolio behavior. Overall, the portfolio is moderately diversified but could enhance diversification by reducing overlap among equity positions or increasing allocations to less correlated assets.