Permanent Portfolio Momentum Pair

Half HAA SmartStack, half tactical Permanent Portfolio, rebalanced monthly. SmartStack uses 2x and 3x funds to make room for gold and managed futures.

Simple blend1xMonthly rebalancemoderatePro clone

Thesis

Splits the portfolio between HAA SmartStack and the tactical Permanent Portfolio. HAA SmartStack follows HAA's monthly momentum rules but holds its stock and bond picks through 2x and 3x funds, which frees capital for gold and managed futures. The tactical Permanent Portfolio holds stocks, long bonds, gold and cash in equal parts and moves any asset below its 200-day average to cash. Suggested by a member.

Backtest

1974-01-31 to 2026-11-13

CAGR

13.2%

Years

52.8

Max Drawdown

-8.9%

Sharpe

1.01

Sortino

1.94

UPI

4.04

Calmar

1.48

Ulcer Index

2.20%

Best Month

10.3%

Worst Month

-8.1%

Volatility

8.5%

SWR

7.66%

PWR

6.80%

Total Return

70478.6%

Longest DD (mo)

18 mo

Win Rate

68.1%

Profitable Months

68.1%

Current Allocation

BIL

KMLM

PDBC

SPY

US T-bills (1-3 months) BIL37.5%-50.0%

Managed futures (trend following) KMLM15.5%+15.5%

Broad commodities PDBC12.5%+12.5%

S&P 500 SPY12.5%

Gold GLDM7.4%+7.4%

Developed markets ex US (EAFE), 2x daily EFO6.3%+6.3%

S&P 500, 3x daily UPRO4.2%+4.2%

Russell 2000, 3x daily TNA4.2%+4.2%