This is a modified version of the Permanent Portfolio. It was designed by Tyler at Portfolio Charts. Here is its asset allocation:

  • 20% Total US Stock Market
  • 20% US Small Cap Value
  • 20% Long-Term Treasury Bonds
  • 20% Short-Term Treasury Bonds
  • 20% Gold

According to John Tyler Williamson of Optimized Portfolio, the problem with this potfolio is that it is heavy in US stocks and it uses gold. He shares a Modified Golden Butterfly portfolio with no gold, which also uses international ETFs for more diversification.


Williamson, J. (n.d.). Golden Butterfly Portfolio Review and M1 Finance ETF Pie. Https://Www.Optimizedportfolio.Com/. Retrieved June 16, 2021, from