Same 50 stocks. Same 80 percent in equity.
The only difference is a 10 percent slice of gold.
0.95
Points of CAGR that the entire 10 pct gold slice added over 5 years. The defensive sleeve smooths the ride. The equity is what drove the return.
Friend was scrolling the shelf and stopped on two strategies that looked like twins. Same fifty stocks, he said, same eighty percent in equity, so why are there two. One holds a slice of gold. The other does not. That is the whole difference. So I ran the five years side by side to see what that slice of gold actually earns its keep doing.