vs Golden Butterfly
Open in Compare portfoliosMay 30, 2007 – Oct 2, 2026, Rebalanced annually, BIL sets the start date
| Final balance | CAGR | Max drawdown | Sharpe ratio | |
|---|---|---|---|---|
| Golden Ratio | $46,161 | +8.23% | −25.21% | 0.85 |
| Golden Butterfly | $40,327 | +7.48% | −19.57% | 0.86 |
Growth of $10,000
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Key metrics
| Return | Golden Ratio | Golden Butterfly |
|---|---|---|
| Final balance | $46,161 | $40,327 |
| Total return | +361.61% | +303.27% |
| CAGR | +8.23% | +7.48% |
| Calendar years | Golden Ratio | Golden Butterfly |
|---|---|---|
| Best year | +20.39% | +19.81% |
| Worst year | −15.16% | −12.96% |
| Positive years | 14 of 18 | 14 of 18 |
| Risk | Golden Ratio | Golden Butterfly |
|---|---|---|
| Max drawdown | −25.21% | −19.57% |
| Longest drawdown | 2.4 years | 2.4 years |
| Volatility (annualized) | 9.90% | 8.85% |
| Risk-adjusted | Golden Ratio | Golden Butterfly |
|---|---|---|
| Sharpe ratio | 0.85 | 0.86 |
| Sortino ratio | 1.20 | 1.22 |
| Calmar ratio | 0.33 | 0.38 |
Trailing returns
| Period | Golden Ratio | Golden Butterfly | Golden Ratio − Golden Butterfly |
|---|---|---|---|
| YTD | +7.15% | +2.84% | +4.30% |
| 1Y | +10.21% | +6.42% | +3.79% |
| 3Y | +16.57% | +15.36% | +1.21% |
| 5Y | +7.82% | +6.90% | +0.92% |
| 10Y | +8.91% | +7.47% | +1.44% |
| 15Y | +8.36% | +7.45% | +0.91% |
Rolling returns
| Period | Golden Ratio median | Golden Butterfly median | More often ahead |
|---|---|---|---|
| 1Y | +9.48% | +8.58% | Golden Ratio 61% |
| 3Y | +7.40% | +7.19% | Golden Ratio 70% |
| 5Y | +8.08% | +6.96% | Golden Ratio 74% |
| 10Y | +7.60% | +7.35% | Golden Ratio 90% |
Worst drawdowns · Golden Ratio
| Decline | Peak | Bottom | Recovered | Length |
|---|---|---|---|---|
| −25.2% | May 2008 | Mar 2009 | Nov 2009 | 1.5 years |
| −20.2% | Nov 2021 | Oct 2022 | Mar 2024 | 2.4 years |
| −18.9% | Feb 2020 | Mar 2020 | Jul 2020 | 5 months |
| −11.4% | Apr 2015 | Jan 2016 | Jun 2016 | 1.1 years |
| −10.8% | Aug 2018 | Dec 2018 | Apr 2019 | 7 months |
| Decline | Peak | Bottom | Recovered | Length |
|---|---|---|---|---|
| −19.6% | May 2008 | Mar 2009 | Sep 2009 | 1.3 years |
| −18.9% | Nov 2021 | Oct 2022 | Mar 2024 | 2.4 years |
| −16.1% | Feb 2020 | Mar 2020 | Jul 2020 | 5 months |
| −8.5% | Jan 2018 | Dec 2018 | Feb 2019 | 1.1 years |
| −8.4% | Jan 2015 | Jan 2016 | Apr 2016 | 1.2 years |
Annual returns
| Year | Golden Ratio | Golden Butterfly | Golden Ratio − Golden Butterfly |
|---|---|---|---|
| 2017 | +13.27% | +11.06% | +2.21% |
| 2018 | −5.06% | −3.92% | −1.14% |
| 2019 | +20.39% | +17.76% | +2.63% |
| 2020 | +17.62% | +14.59% | +3.03% |
| 2021 | +13.91% | +8.86% | +5.05% |
| 2022 | −15.16% | −12.96% | −2.20% |
| 2023 | +15.62% | +12.33% | +3.29% |
| 2024 | +12.17% | +11.75% | +0.42% |
| 2025 | +18.33% | +19.81% | −1.48% |
| 2026to Oct 2 | +7.15% | +2.84% | +4.30% |
Holdings
About Golden Ratio vs Golden Butterfly
The Golden Ratio holds 42% in stocks and the Golden Butterfly 40%, and both keep gold and long-term Treasuries. The Golden Ratio splits its stocks between large-cap growth and small-cap value, and adds commodities (standing in for managed futures) and a little cash. The Golden Butterfly splits its stocks between the total market and small-cap value, and holds 20% in short-term Treasuries.
The Golden Ratio returned 8.2% a year from May 2007 to Oct 2026, against 7.5% for the Golden Butterfly. Both fell furthest in 2008–2009, the Golden Ratio by 25.2% and the Golden Butterfly by 19.6%. The Golden Ratio beat the Golden Butterfly in 12 of 18 full years and in 90% of rolling 10-year periods.
Daily closes with dividends reinvested and fund fees included, before taxes and trading costs. Both rebalance once a year. The comparison starts on May 30, 2007, when BIL's prices begin.