2026 has been historic: The Permanent Portfolio is on track to gain +26% in 2026, its best annual return since 1933. It consists of equal portions of US stocks, 10-year Treasury bonds, commodities, and cash. The portfolio is also on track for its 3rd higest annual outperformance versus the traditional 60/40 portfolio in over a century, with only 1946 and 1973 producing stronger relative returns. This comes as the portfolio is up +8% year-to-date, with commodities leading at +28%. A bull market in commodities is fueling alternative portfolios.

2026 has been historic:

The Permanent Portfolio is on track to gain +26% in 2026, its best annual return since 1933.

It consists of equal portions of US stocks, 10-year Treasury bonds, commodities, and cash.

The portfolio is also on track for its 3rd higest annual outperformance versus the traditional 60/40 portfolio in over a century, with only 1946 and 1973 producing stronger relative returns.

This comes as the portfolio is up +8% year-to-date, with commodities leading at +28%.

A bull market in commodities is fueling alternative portfolios.