Global Permanent Portfolio
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | Government Bonds | 8.34% |
BTC-USD Bitcoin | 5% | |
CE31.L iShares Euro Government Bond 1-3yr UCITS ETF (Acc) | European Government Bonds | 8.34% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF | Total Bond Market | 8.33% |
IAU iShares Gold Trust | Precious Metals, Gold | 20% |
IEFA iShares Core MSCI EAFE ETF | Foreign Large Cap Equities | 12.50% |
IGLT.L iShares Core UK Gilts UCITS ETF | Government Bonds | 8.33% |
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | European Government Bonds | 8.33% |
TLT iShares 20+ Year Treasury Bond ETF | Government Bonds | 8.33% |
VTI Vanguard Total Stock Market ETF | Large Cap Growth Equities | 12.50% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Global 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.
The earliest data available for this chart is Oct 21, 2013, corresponding to the inception date of ERNS.L
Returns By Period
As of Apr 7, 2025, the Global Permanent Portfolio returned 2.89% Year-To-Date and 11.29% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -13.73% | -12.06% | -11.77% | -2.50% | 13.85% | 9.30% |
| Global Permanent Portfolio | -15.12% | -8.73% | 23.16% | 12.30% | 48.92% | 36.64% |
| Portfolio components: | ||||||
VTI Vanguard Total Stock Market ETF | -13.96% | -12.00% | -10.72% | -2.09% | 14.38% | 10.45% |
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | 5.19% | 2.82% | 0.04% | 2.92% | 23.54% | 16.09% |
IAU iShares Gold Trust | 15.65% | 4.28% | 14.70% | 30.28% | 12.79% | 9.38% |
TLT iShares 20+ Year Treasury Bond ETF | 7.42% | 3.41% | -0.01% | 5.83% | -8.47% | -0.77% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 1.08% | 0.32% | 2.17% | 4.86% | 2.48% | 1.73% |
IGLT.L iShares Core UK Gilts UCITS ETF | 5.50% | 1.60% | -0.87% | 3.83% | -4.88% | -1.80% |
IEFA iShares Core MSCI EAFE ETF | -1.02% | -11.00% | -7.74% | -2.10% | 9.69% | 4.42% |
CE31.L iShares Euro Government Bond 1-3yr UCITS ETF (Acc) | 6.58% | 1.71% | 1.57% | 5.30% | 0.78% | 0.58% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF | 4.34% | 0.10% | 1.08% | 7.44% | 3.69% | 0.49% |
BTC-USD Bitcoin | -16.28% | -9.22% | 25.67% | 12.76% | 60.58% | 78.69% |
Monthly Returns
The table below presents the monthly returns of Global Permanent 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 | 9.16% | -16.47% | -1.90% | -5.10% | -15.12% | ||||||||
| 2024 | 0.52% | 38.53% | 15.37% | -13.96% | 10.54% | -6.50% | 3.08% | -7.75% | 6.90% | 9.70% | 34.21% | -3.10% | 107.20% |
| 2023 | 34.11% | -0.72% | 19.56% | 2.55% | -6.15% | 10.32% | -3.19% | -9.71% | 2.48% | 23.82% | 8.42% | 11.04% | 125.67% |
| 2022 | -15.30% | 10.67% | 4.78% | -16.03% | -13.94% | -33.26% | 15.43% | -12.40% | -3.73% | 4.88% | -11.96% | -3.14% | -58.76% |
| 2021 | 12.06% | 31.18% | 27.38% | -1.60% | -32.18% | -5.51% | 16.73% | 11.81% | -6.76% | 35.96% | -6.55% | -16.98% | 51.56% |
| 2020 | 20.48% | -6.21% | -18.15% | 22.88% | 6.82% | -1.75% | 18.69% | 2.62% | -6.01% | 18.69% | 32.37% | 38.82% | 197.83% |
| 2019 | -1.99% | 5.88% | 3.58% | 15.88% | 34.16% | 19.33% | -5.06% | -2.55% | -9.76% | 7.99% | -12.19% | -2.49% | 53.97% |
| 2018 | -21.11% | 0.44% | -23.74% | 20.50% | -13.52% | -9.84% | 13.56% | -6.43% | -3.89% | -4.15% | -22.67% | -3.90% | -58.70% |
| 2017 | 1.81% | 5.79% | -1.78% | 7.40% | 19.81% | 3.37% | 7.53% | 28.28% | -4.27% | 26.31% | 37.21% | 28.13% | 312.61% |
| 2016 | -1.77% | 3.46% | 2.12% | 2.10% | 0.97% | 4.84% | 0.51% | -1.64% | 0.73% | -0.78% | -1.13% | 5.54% | 15.67% |
| 2015 | -1.51% | 0.70% | -1.91% | 0.88% | -0.45% | -0.12% | 0.43% | -2.74% | -1.08% | 4.48% | -0.34% | 0.59% | -1.24% |
| 2014 | 1.76% | -3.64% | -2.76% | 0.59% | 4.32% | 2.25% | -2.71% | -1.73% | -5.21% | -1.39% | 1.46% | -1.63% | -8.75% |
Expense Ratio
Global Permanent 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
With an overall rank of 89, Global Permanent Portfolio is among the top 11% of portfolios on our website when it comes to balancing risk and reward. Below is 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 | -0.56 | -0.61 | 0.91 | -0.13 | -2.50 |
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | 0.47 | 0.75 | 1.09 | 0.06 | 0.83 |
IAU iShares Gold Trust | 2.81 | 3.65 | 1.48 | 1.85 | 13.65 |
TLT iShares 20+ Year Treasury Bond ETF | 0.32 | 0.55 | 1.06 | 0.01 | 0.51 |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 16.80 | 246.35 | 145.74 | 62.80 | 4,815.13 |
IGLT.L iShares Core UK Gilts UCITS ETF | 0.13 | 0.26 | 1.03 | 0.00 | 0.18 |
IEFA iShares Core MSCI EAFE ETF | -0.38 | -0.40 | 0.95 | -0.22 | -1.18 |
CE31.L iShares Euro Government Bond 1-3yr UCITS ETF (Acc) | 0.71 | 1.16 | 1.13 | 0.04 | 1.30 |
ERNS.L iShares £ Ultrashort Bond UCITS ETF | 0.72 | 1.07 | 1.13 | 0.05 | 1.47 |
BTC-USD Bitcoin | 0.41 | 0.97 | 1.10 | 0.23 | 1.99 |
Dividends
Dividend yield
Global Permanent Portfolio provided a 10.16% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 10.16% | 17.25% | 9.94% | 3.26% | 2.85% | 4.48% | 1.23% | 1.27% | 1.00% | 1.13% | 1.08% | 1.19% |
| Portfolio components: | ||||||||||||
VTI Vanguard Total Stock Market ETF | 1.51% | 1.27% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% |
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | 96.69% | 181.55% | 97.13% | 26.13% | 24.90% | 45.31% | 0.68% | 0.65% | 0.69% | 0.86% | 0.60% | 1.74% |
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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.06% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.77% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% |
IGLT.L iShares Core UK Gilts UCITS ETF | 3.60% | 3.69% | 2.40% | 1.32% | 0.79% | 0.95% | 1.25% | 1.31% | 1.30% | 1.88% | 2.05% | 2.04% |
IEFA iShares Core MSCI EAFE ETF | 3.51% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% |
CE31.L iShares Euro Government Bond 1-3yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF | 5.35% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% | 0.55% |
BTC-USD Bitcoin | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Global 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 Global Permanent Portfolio was 72.01%, occurring on Nov 9, 2022. Recovery took 481 trading sessions.
The current Global Permanent Portfolio drawdown is 2.91%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -72.01% | Nov 9, 2021 | 366 | Nov 9, 2022 | 481 | Mar 4, 2024 | 847 |
| -70.29% | Dec 17, 2017 | 364 | Dec 15, 2018 | 706 | Nov 20, 2020 | 1070 |
| -48.7% | Apr 14, 2021 | 98 | Jul 20, 2021 | 91 | Oct 19, 2021 | 189 |
| -24.8% | Jan 22, 2025 | 75 | Apr 6, 2025 | — | — | — |
| -23.89% | Mar 14, 2024 | 145 | Aug 5, 2024 | 85 | Oct 29, 2024 | 230 |
Volatility
Volatility Chart
The current Global Permanent Portfolio volatility is 14.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| BIL | BTC-USD | TLT | VTI | IAU | IEFA | ERNS.L | IGLT.L | CE31.L | SEGA.L | |
|---|---|---|---|---|---|---|---|---|---|---|
| BIL | 1.00 | 0.01 | 0.02 | 0.03 | 0.05 | 0.02 | 0.03 | 0.02 | 0.01 | 0.01 |
| BTC-USD | 0.01 | 1.00 | -0.01 | 0.13 | 0.07 | 0.12 | 0.07 | 0.06 | 0.08 | 0.07 |
| TLT | 0.02 | -0.01 | 1.00 | -0.16 | 0.29 | -0.12 | 0.03 | 0.40 | 0.14 | 0.34 |
| VTI | 0.03 | 0.13 | -0.16 | 1.00 | 0.02 | 0.74 | 0.20 | 0.10 | 0.12 | 0.10 |
| IAU | 0.05 | 0.07 | 0.29 | 0.02 | 1.00 | 0.13 | 0.29 | 0.34 | 0.33 | 0.37 |
| IEFA | 0.02 | 0.12 | -0.12 | 0.74 | 0.13 | 1.00 | 0.37 | 0.23 | 0.32 | 0.27 |
| ERNS.L | 0.03 | 0.07 | 0.03 | 0.20 | 0.29 | 0.37 | 1.00 | 0.63 | 0.57 | 0.48 |
| IGLT.L | 0.02 | 0.06 | 0.40 | 0.10 | 0.34 | 0.23 | 0.63 | 1.00 | 0.49 | 0.64 |
| CE31.L | 0.01 | 0.08 | 0.14 | 0.12 | 0.33 | 0.32 | 0.57 | 0.49 | 1.00 | 0.83 |
| SEGA.L | 0.01 | 0.07 | 0.34 | 0.10 | 0.37 | 0.27 | 0.48 | 0.64 | 0.83 | 1.00 |