Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
GLD SPDR Gold Shares | Gold, Precious Metals | 18% |
IJT iShares S&P SmallCap 600 Growth ETF | Small Cap Growth Equities | 20.50% |
REET iShares Global REIT ETF | REIT | 5% |
SHY iShares 1-3 Year Treasury Bond ETF | Government Bonds | 13% |
TLT iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 23% |
VTI Vanguard Total Stock Market ETF | Large Cap Blend Equities | 10% |
VUG Vanguard Growth ETF | Large Cap Growth Equities | 10.50% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in David's Golden Portfolio (combined golden ratio and golden butterfly), 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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The earliest data available for this chart is Jul 10, 2014, corresponding to the inception date of REET
Returns By Period
As of Apr 4, 2026, the David's Golden Portfolio (combined golden ratio and golden butterfly) returned 1.47% Year-To-Date and 8.44% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.63% | -3.84% | -1.98% | 29.73% | 16.86% | 10.37% | 12.29% |
Portfolio David's Golden Portfolio (combined golden ratio and golden butterfly) | -0.04% | -3.21% | 1.47% | 3.41% | 22.27% | 12.47% | 6.07% | 8.44% |
| Portfolio components: | ||||||||
SHY iShares 1-3 Year Treasury Bond ETF | 0.05% | -0.10% | 0.31% | 1.28% | 3.37% | 3.85% | 1.71% | 1.65% |
GLD SPDR Gold Shares | -1.92% | -7.88% | 8.35% | 20.07% | 53.51% | 32.51% | 21.53% | 13.97% |
VTI Vanguard Total Stock Market ETF | 0.16% | -3.34% | -3.13% | -1.30% | 31.84% | 18.10% | 10.66% | 13.75% |
VUG Vanguard Growth ETF | 0.11% | -4.69% | -9.29% | -7.99% | 32.91% | 21.67% | 11.69% | 16.20% |
REET iShares Global REIT ETF | 0.67% | -3.65% | 2.99% | 1.59% | 17.23% | 7.48% | 2.98% | 3.63% |
IJT iShares S&P SmallCap 600 Growth ETF | 0.53% | -1.33% | 4.20% | 3.58% | 31.07% | 11.16% | 3.40% | 10.08% |
TLT iShares 20+ Year Treasury Bond ETF | 0.61% | -1.86% | 0.69% | -0.72% | -2.29% | -2.76% | -5.75% | -1.34% |
Monthly Returns
Based on dividend-adjusted daily data since Jul 11, 2014, David's Golden Portfolio (combined golden ratio and golden butterfly)'s average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, your investment would double in approximately 8.8 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +7.4%, while the worst month was Sep 2022 at -7.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, David's Golden Portfolio (combined golden ratio and golden butterfly) closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +4.9%, while the worst single day was Mar 18, 2020 at -4.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.36% | 3.24% | -5.58% | 0.70% | 1.47% | ||||||||
| 2025 | 2.77% | 0.14% | -1.13% | 0.31% | 2.16% | 2.79% | 0.30% | 2.67% | 3.99% | 1.31% | 1.55% | -0.48% | 17.51% |
| 2024 | -1.14% | 1.67% | 3.04% | -3.16% | 3.49% | 1.11% | 4.38% | 1.26% | 2.29% | -1.62% | 3.70% | -4.22% | 10.88% |
| 2023 | 6.65% | -3.02% | 2.86% | -0.05% | -0.55% | 2.80% | 1.80% | -2.10% | -5.21% | -1.63% | 6.98% | 6.26% | 14.83% |
| 2022 | -5.30% | -0.03% | -0.25% | -7.04% | -1.27% | -4.38% | 5.28% | -3.92% | -7.16% | 1.77% | 5.45% | -3.28% | -19.22% |
| 2021 | -0.30% | -0.80% | -0.26% | 3.18% | 1.36% | 0.88% | 1.99% | 1.09% | -3.30% | 3.51% | -0.09% | 2.00% | 9.45% |
Benchmark Metrics
David's Golden Portfolio (combined golden ratio and golden butterfly) has an annualized alpha of 2.97%, beta of 0.43, and R² of 0.61 versus S&P 500 Index. Calculated based on daily prices since July 11, 2014.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (52.92%) than losses (52.72%) — typical of diversified or defensive assets.
- This portfolio generated an annualized alpha of 2.97% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Beta of 0.43 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
- 2.97%
- Beta
- 0.43
- R²
- 0.61
- Upside Capture
- 52.92%
- Downside Capture
- 52.72%
Expense Ratio
David's Golden Portfolio (combined golden ratio and golden butterfly) has an expense ratio of 0.19%, 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
David's Golden Portfolio (combined golden ratio and golden butterfly) ranks 60 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
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 0.88 | +0.53 |
Sortino ratioReturn per unit of downside risk | 2.02 | 1.37 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.39 | +0.76 |
Martin ratioReturn relative to average drawdown | 8.11 | 6.43 | +1.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
SHY iShares 1-3 Year Treasury Bond ETF | 95 | 2.57 | 4.23 | 1.54 | 4.08 | 15.52 |
GLD SPDR Gold Shares | 78 | 1.77 | 2.19 | 1.32 | 2.57 | 9.28 |
VTI Vanguard Total Stock Market ETF | 52 | 0.94 | 1.47 | 1.22 | 1.53 | 7.16 |
VUG Vanguard Growth ETF | 38 | 0.78 | 1.27 | 1.18 | 1.13 | 3.90 |
REET iShares Global REIT ETF | 27 | 0.56 | 0.86 | 1.12 | 0.78 | 3.22 |
IJT iShares S&P SmallCap 600 Growth ETF | 40 | 0.78 | 1.25 | 1.16 | 1.36 | 5.55 |
TLT iShares 20+ Year Treasury Bond ETF | 9 | -0.07 | -0.01 | 1.00 | -0.09 | -0.19 |
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Dividends
Dividend yield
David's Golden Portfolio (combined golden ratio and golden butterfly) provided a 2.04% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.04% | 2.04% | 2.07% | 1.74% | 1.37% | 0.84% | 0.95% | 1.53% | 1.65% | 1.35% | 1.51% | 1.42% |
| Portfolio components: | ||||||||||||
SHY iShares 1-3 Year Treasury Bond ETF | 3.72% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTI Vanguard Total Stock Market ETF | 1.16% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
VUG Vanguard Growth ETF | 0.45% | 0.41% | 0.47% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.14% | 1.39% | 1.30% |
REET iShares Global REIT ETF | 3.59% | 3.67% | 3.64% | 3.27% | 2.43% | 3.18% | 2.65% | 5.25% | 5.73% | 3.84% | 5.37% | 3.56% |
IJT iShares S&P SmallCap 600 Growth ETF | 0.85% | 0.91% | 1.06% | 1.02% | 1.08% | 0.63% | 0.68% | 0.92% | 0.92% | 0.86% | 1.03% | 1.14% |
TLT iShares 20+ Year Treasury Bond ETF | 4.51% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
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 David's Golden Portfolio (combined golden ratio and golden butterfly). 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 David's Golden Portfolio (combined golden ratio and golden butterfly) was 24.03%, occurring on Oct 20, 2022. Recovery took 434 trading sessions.
The current David's Golden Portfolio (combined golden ratio and golden butterfly) drawdown is 5.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.03% | Nov 10, 2021 | 238 | Oct 20, 2022 | 434 | Jul 16, 2024 | 672 |
| -17.73% | Feb 24, 2020 | 18 | Mar 18, 2020 | 52 | Jun 2, 2020 | 70 |
| -9.47% | Dec 5, 2024 | 84 | Apr 8, 2025 | 37 | Jun 2, 2025 | 121 |
| -8.91% | Aug 30, 2018 | 80 | Dec 24, 2018 | 37 | Feb 19, 2019 | 117 |
| -7.81% | Mar 3, 2026 | 19 | Mar 27, 2026 | — | — | — |
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 7 assets, with an effective number of assets of 5.96, 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
| Benchmark | GLD | SHY | TLT | REET | IJT | VUG | VTI | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.01 | -0.08 | -0.15 | 0.62 | 0.81 | 0.94 | 0.99 | 0.73 |
| GLD | 0.01 | 1.00 | 0.37 | 0.29 | 0.14 | 0.00 | 0.02 | 0.02 | 0.43 |
| SHY | -0.08 | 0.37 | 1.00 | 0.61 | 0.13 | -0.08 | -0.06 | -0.08 | 0.28 |
| TLT | -0.15 | 0.29 | 0.61 | 1.00 | 0.08 | -0.15 | -0.10 | -0.15 | 0.32 |
| REET | 0.62 | 0.14 | 0.13 | 0.08 | 1.00 | 0.62 | 0.53 | 0.63 | 0.67 |
| IJT | 0.81 | 0.00 | -0.08 | -0.15 | 0.62 | 1.00 | 0.73 | 0.86 | 0.75 |
| VUG | 0.94 | 0.02 | -0.06 | -0.10 | 0.53 | 0.73 | 1.00 | 0.93 | 0.71 |
| VTI | 0.99 | 0.02 | -0.08 | -0.15 | 0.63 | 0.86 | 0.93 | 1.00 | 0.76 |
| Portfolio | 0.73 | 0.43 | 0.28 | 0.32 | 0.67 | 0.75 | 0.71 | 0.76 | 1.00 |