CapitalTime
Articles on investing and capital management, with a quantitative focus.
#prp - Permanent Risk Parity (how I invest)
PRP Performance
2021-01-05
The PRP gained 11.7% in 2020, the second highest annual return in the 25 year history.
Long-term performance is 6.7% CAGR over 25 years.
All figures are for the Canadian PRP in CAD currency.
Historical Annual Returns
![](prp-annual-2020.png)
So far, every year in the 25 year history (backtest) has been positive, but a 5% to 10% single year decline would be normal.
— Jem Berkes