I put the boglehead formula in a portfolio optimizer and the sharpe ratio is .. quite bad? The most optimal sharpe and better drawdown seems to be VOO + GLD 80:20 over a 12 year period. What am I missing here?
Link to the report PDF [https://drive.google.com/file/d/1noQJ\_jRNC8oc8XwwXBJHQ\_EtRtzKUuWf/](https://drive.google.com/file/d/1noQJ_jRNC8oc8XwwXBJHQ_EtRtzKUuWf/)