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Pinwheel Portfolio

Four balanced 'blades' of stocks, bonds, real assets, and cash spinning around a gold-and-REIT core.

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S&P 500 Backfill (estimated to 1871)1871-02-28 → 2026-06-30Estimated from 1871 to SPY's 1993 inception using the S&P 500 total-return index (Robert Shiller), minus the fund's expense ratio, then chain-linked to the real SPY fund. The dashed part of the chart is estimated - an index proxy, not the fund's real record.
%
backfill estimated before SPY's 1993 inception, from the S&P 500 total-return index (Robert Shiller).
Vanguard Small-Cap Value ETF2004-02-29 → 2026-06-30click to change
%
Developed ex-US Backfill (estimated to 1990)1990-07-31 → 2026-06-30Estimated from 1990 to EFA's 2005 inception using developed ex-US market returns (Ken French), minus the fund's expense ratio, then chain-linked to the real EFA fund. The dashed part of the chart is estimated - an index proxy, not the fund's real record.
%
backfill estimated before EFA's 2005 inception, from developed ex-US market returns (Ken French).
Emerging Markets Backfill (estimated to 1989)1989-07-31 → 2026-06-30Estimated from 1989 to EEM's 2003 inception using emerging-market returns (Ken French), minus the fund's expense ratio, then chain-linked to the real EEM fund. The dashed part of the chart is estimated - an index proxy, not the fund's real record.
%
backfill estimated before EEM's 2003 inception, from emerging-market returns (Ken French).
Intermediate Treasury Backfill (7-10yr, estimated to 1953)1953-05-31 → 2026-06-30Estimated from 1953 to IEF's 2002 inception using the 10-year Treasury yield (FRED), modeled as a constant-maturity bond, minus the fund's expense ratio, then chain-linked to the real IEF fund. The dashed part of the chart is estimated - an index proxy, not the fund's real record.
%
backfill estimated before IEF's 2002 inception, from the 10-year Treasury yield (FRED), modeled as a constant-maturity bond.
Short-Term Treasury Backfill (1-3yr, estimated to 1976)1976-07-31 → 2026-06-30Estimated from 1976 to SHY's 2002 inception using the 2-year Treasury yield (FRED), modeled as a constant-maturity bond, minus the fund's expense ratio, then chain-linked to the real SHY fund. The dashed part of the chart is estimated - an index proxy, not the fund's real record.
%
backfill estimated before SHY's 2002 inception, from the 2-year Treasury yield (FRED), modeled as a constant-maturity bond.
US Real Estate Backfill (estimated to 1926)1926-07-31 → 2026-06-30Estimated from 1926 to VNQ's 2004 inception using US real-estate industry returns (Ken French), minus the fund's expense ratio, then chain-linked to the real VNQ fund. The dashed part of the chart is estimated - an index proxy, not the fund's real record.
%
backfill estimated before VNQ's 2004 inception, from US real-estate industry returns (Ken French).
Gold Backfill (estimated to 1968)1968-01-31 → 2026-06-30Estimated from 1968 to GLD's 2004 inception using the gold spot price (World Bank); gold was a fixed official price before the 1968 free market, minus the fund's expense ratio, then chain-linked to the real GLD fund. The dashed part of the chart is estimated - an index proxy, not the fund's real record.
%
backfill estimated before GLD's 2004 inception, from the gold spot price (World Bank); gold was a fixed official price before the 1968 free market.
Total 100%
Data window Pinwheel Portfolio: 2004-02-29 → 2026-06-30 · start: VBR
Dashed = estimated before the fund existed (reconstructed from its tracked index): EMKTX from 1989-07-31 · GOLDX from 1968-01-31 · IEFX from 1953-05-31 · INTLX from 1990-07-31 · REITX from 1926-07-31 · SHYX from 1976-07-31 · SP500X from 1871-02-28

Portfolio growth

Pinwheel Portfolio
CAGR7.90%
Max Drawdown-36.79%
Volatility11.06%
Sharpe0.59
Final balance$54,969
Total return449.69%

Drawdown

Annual returns

Pinwheel Portfolio
Total Return449.69%
Sortino0.76
Best Year26.48%
Worst Year-22.62%
Positive Months65.06%
Annualized Return (mean)8.24%

Correlation

EMKTXGOLDXIEFXINTLXREITXSHYXSP500XVBR
EMKTX1.000.33-0.020.850.61-0.010.740.70
GOLDX0.331.000.300.220.140.290.090.05
IEFX-0.020.301.00-0.010.140.78-0.07-0.13
INTLX0.850.22-0.011.000.71-0.010.860.81
REITX0.610.140.140.711.000.020.730.79
SHYX-0.010.290.78-0.010.021.00-0.10-0.14
SP500X0.740.09-0.070.860.73-0.101.000.89
VBR0.700.05-0.130.810.79-0.140.891.00