Golden Butterfly Portfolio
Nov 18, 2004 – Nov 12, 2026, Rebalanced annually, GLD starts Nov 18, 2004
| Final balance | CAGR | Max drawdown | Sharpe ratio | |
|---|---|---|---|---|
| Golden Butterfly | $51,680 | +7.76% | −19.57% | 0.91 |
| S&P 500 | $95,178 | +10.79% | −55.19% | 0.64 |
| Final balance | CAGR | Max drawdown | Sharpe ratio | |
|---|---|---|---|---|
| Golden Butterfly | $51,680 | +7.76% | −19.57% | 0.91 |
| S&P 500 | $95,178 | +10.79% | −55.19% | 0.64 |
| Golden Butterfly | S&P 500 | |
|---|---|---|
| Final balance | $51,680 | $95,178 |
| CAGR | +7.76% | +10.79% |
| Max drawdown | −19.57% | −55.19% |
| Sharpe ratio | 0.91 | 0.64 |
Loading the growth chart…
Growth of $10,000
Key metrics
| Return | Golden Butterfly | S&P 500 |
|---|---|---|
| Final balance | $51,680 | $95,178 |
| Total return | +416.80% | +851.78% |
| CAGR | +7.76% | +10.79% |
| Calendar years | Golden Butterfly | S&P 500 |
|---|---|---|
| Best year | +19.81% | +32.31% |
| Worst year | −12.96% | −36.80% |
| Positive years | 17 of 21 | 18 of 21 |
| Risk | Golden Butterfly | S&P 500 |
|---|---|---|
| Max drawdown | −19.57% | −55.19% |
| Longest drawdown | 2.4 years | 4.9 years |
| Volatility (daily, annualized) | 8.68% | 18.84% |
| Risk-adjusted | Golden Butterfly | S&P 500 |
|---|---|---|
| Sharpe ratio | 0.91 | 0.64 |
| Sortino ratio | 1.29 | 0.90 |
| Calmar ratio | 0.40 | 0.20 |
Annual returns
| Year | Golden Butterfly | S&P 500 |
|---|---|---|
| 2017 | +11.06% | +21.71% |
| 2018 | −3.92% | −4.57% |
| 2019 | +17.76% | +31.22% |
| 2020 | +14.59% | +18.33% |
| 2021 | +8.86% | +28.73% |
| 2022 | −12.96% | −18.18% |
| 2023 | +12.33% | +26.18% |
| 2024 | +11.75% | +24.89% |
| 2025 | +19.81% | +17.72% |
| 2026 to Nov 12 | +3.08% | +11.89% |
Worst drawdowns
| 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 |
About the Golden Butterfly Portfolio
The Golden Butterfly comes from the Portfolio Charts website. It's the Permanent Portfolio plus small-cap value stocks, which raises stocks from 25% to 40%.
The extra stocks add growth in good years. Bonds and gold still cushion the bad ones.
Its worst fall took 1.3 years to recover, and it beat the S&P 500 in 8 of 21 full years.
Daily closes with dividends reinvested and fund fees included, before taxes and trading costs.