Midas Gold Portfolio
A focused gold-play portfolio combining physical gold, large and junior gold miners for leveraged upside, and short-term treasuries for stability and rebalancing flexibility. Built for high-conviction investors who want to ride a gold bull while managing volatility.
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
GDX VanEck Vectors Gold Miners ETF | Materials | 20% |
GDXJ VanEck Vectors Junior Gold Miners ETF | Materials | 15% |
GLD SPDR Gold Trust | Precious Metals, Gold | 60% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | Government Bonds | 5% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Midas Gold 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 Apr 13, 2017, corresponding to the inception date of IBTA.L
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -6.00% | -0.94% | -5.06% | 8.41% | 13.52% | 10.15% |
| Midas Gold Portfolio | 32.40% | 8.26% | 21.04% | 42.68% | 11.96% | N/A |
| Portfolio components: | ||||||
GLD SPDR Gold Trust | 27.65% | 8.80% | 22.00% | 42.68% | 13.53% | 10.61% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 2.22% | 0.67% | 2.75% | 6.51% | 1.22% | N/A |
GDX VanEck Vectors Gold Miners ETF | 45.77% | 8.47% | 20.91% | 44.62% | 9.02% | 10.45% |
GDXJ VanEck Vectors Junior Gold Miners ETF | 44.02% | 8.30% | 19.98% | 48.99% | 8.88% | 11.00% |
Monthly Returns
The table below presents the monthly returns of Midas Gold 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 | 9.04% | 1.61% | 11.63% | 7.04% | 32.40% | ||||||||
| 2024 | -4.43% | -1.59% | 11.98% | 3.41% | 4.09% | -1.94% | 7.06% | 1.60% | 4.65% | 3.66% | -4.32% | -3.72% | 20.83% |
| 2023 | 7.21% | -8.15% | 10.76% | 1.39% | -3.42% | -2.44% | 3.10% | -2.82% | -6.02% | 5.76% | 6.22% | 0.80% | 11.09% |
| 2022 | -3.46% | 8.19% | 4.38% | -4.26% | -4.99% | -6.20% | -1.59% | -5.48% | -1.63% | -1.02% | 12.43% | 1.86% | -3.52% |
| 2021 | -3.92% | -6.97% | -0.05% | 4.11% | 9.93% | -9.46% | 1.78% | -2.26% | -5.39% | 4.33% | -0.56% | 2.44% | -7.41% |
| 2020 | 2.28% | -4.09% | -5.16% | 18.84% | 5.47% | 4.30% | 13.24% | -0.59% | -5.28% | -1.75% | -5.62% | 6.58% | 28.17% |
| 2019 | 4.65% | -1.03% | -1.07% | -2.89% | 1.85% | 11.11% | 1.85% | 8.76% | -6.07% | 3.83% | -3.09% | 5.72% | 24.64% |
| 2018 | 2.17% | -4.26% | 1.33% | -0.13% | -0.53% | -2.18% | -2.73% | -5.74% | -0.57% | 1.70% | -0.01% | 7.30% | -4.20% |
| 2017 | -4.60% | -0.02% | -1.01% | 2.21% | 5.27% | -4.54% | -1.58% | 0.04% | 3.25% | -1.42% |
Expense Ratio
Midas Gold Portfolio has an expense ratio of 0.43%, placing it in the medium range. 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 97, Midas Gold Portfolio is among the top 3% 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 | |
|---|---|---|---|---|---|
GLD SPDR Gold Trust | 2.71 | 3.57 | 1.47 | 5.56 | 14.91 |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 3.42 | 5.54 | 1.81 | 6.84 | 18.67 |
GDX VanEck Vectors Gold Miners ETF | 1.51 | 2.05 | 1.27 | 2.20 | 5.25 |
GDXJ VanEck Vectors Junior Gold Miners ETF | 1.46 | 2.04 | 1.26 | 1.69 | 5.85 |
Dividends
Dividend yield
Midas Gold Portfolio provided a 0.43% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 0.43% | 0.63% | 0.43% | 0.41% | 0.60% | 0.34% | 0.19% | 0.17% | 0.16% | 0.77% | 0.28% | 0.24% |
| Portfolio components: | ||||||||||||
GLD SPDR 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% |
IBTA.L iShares USD Treasury 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% |
GDX VanEck Vectors Gold Miners ETF | 0.82% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
GDXJ VanEck Vectors Junior Gold Miners ETF | 1.81% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% | 0.74% |
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 Midas Gold 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 Midas Gold Portfolio was 32.99%, occurring on Sep 26, 2022. Recovery took 396 trading sessions.
The current Midas Gold Portfolio drawdown is 2.94%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.99% | Aug 7, 2020 | 552 | Sep 26, 2022 | 396 | Apr 11, 2024 | 948 |
| -20.06% | Feb 25, 2020 | 14 | Mar 13, 2020 | 20 | Apr 13, 2020 | 34 |
| -18.11% | Sep 8, 2017 | 241 | Aug 16, 2018 | 216 | Jun 20, 2019 | 457 |
| -11.13% | Oct 23, 2024 | 48 | Dec 30, 2024 | 26 | Feb 5, 2025 | 74 |
| -9.5% | Sep 5, 2019 | 58 | Nov 25, 2019 | 59 | Feb 18, 2020 | 117 |
Volatility
Volatility Chart
The current Midas Gold Portfolio volatility is 10.25%, 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
Diversification Metrics
Number of Effective Assets
The portfolio contains 4 assets, with an effective number of assets of 2.35, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| ^GSPC | IBTA.L | GLD | GDXJ | GDX | Portfolio | |
|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | -0.02 | 0.06 | 0.22 | 0.20 | 0.16 |
| IBTA.L | -0.02 | 1.00 | 0.25 | 0.19 | 0.21 | 0.24 |
| GLD | 0.06 | 0.25 | 1.00 | 0.77 | 0.78 | 0.91 |
| GDXJ | 0.22 | 0.19 | 0.77 | 1.00 | 0.97 | 0.95 |
| GDX | 0.20 | 0.21 | 0.78 | 0.97 | 1.00 | 0.96 |
| Portfolio | 0.16 | 0.24 | 0.91 | 0.95 | 0.96 | 1.00 |