Safe Yield vs Safe Real Yield
Two published track records side by side — same data, same methodology, zero verdicts.
Safe Yield
coreParks 100% in short-term government T-bills (BIL, 1-3 month US Treasuries) — the risk-free rate in USD, at near-zero volatility. A safe harbour and the benchmark every other strategy must beat. Not truly risk-free once you cross currencies (FX), sell long bonds early (duration) or count inflation — match it to your own currency (PLN: EDO/ETFBCASH, EUR: XEON).
Full track record →
Safe Real Yield
coreHolds SHORT-TERM inflation-protected US Treasuries (VTIP) — the 'real risk-free rate' (~2.3% real, plus CPI) at low duration, so it defends purchasing power while staying much calmer than broad TIPS. Still not perfectly flat — even short TIPS dipped when real rates jumped in 2022. FX for non-USD holders; the PLN equivalent is inflation-linked COI/EDO bonds.
Full track record →
The numbers, side by side
| Safe Yield | Safe Real Yield | |
|---|---|---|
| CAGR | 2.9% | 3.8% |
| Volatility (ann.) | 0.3% | 2.6% |
| Sharpe | -0.45 | 0.31 |
| Sortino | -0.70 | 0.45 |
| Max drawdown | -0.1% | -5.5% |
| Calmar | 19.25 | 0.69 |
| Simulated since | 2020-06 | 2020-06 |
Simulated backtests (up to 6 years of point-in-time data, costs included) — not live results. Methodology: here. Past performance does not predict future results.
What the data says
- Safe Real Yield posted the higher CAGR (3.8% vs 2.9%).
- Safe Yield fell less at its worst (-0.1% vs -5.5%).
- Safe Yield had the calmer ride (volatility 0.3% vs 2.6%).
These are facts from the published snapshots, not a recommendation — the rules differ in their risk profile. Overlay both equity curves in the interactive comparison tool.