Permanent Portfolio Short-Term Treasury Portfolio (PRTBX)

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Permanent Portfolio Short-Term Treasury Portfolio (PRTBX) is up 0.8% since the beginning of the year. PRTBX is currently trading at $66 per share. Investors who bought $1,000 worth of PRTBX shares 5 years ago would now be looking at an investment worth $1,104.

Permanent Portfolio Short-Term Treasury Portfolio (PRTBX) has returned 0.78% so far this year and 2.96% over the past 12 months. Over the last ten years, PRTBX has returned 1.26% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 4, 1988, PRTBX's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 67% of months were positive and 33% were negative. The best month was Mar 2023 with a return of +1.3%, while the worst month was Sep 2022 at -1.1%. The longest winning streak lasted 143 consecutive months, and the longest losing streak was 83 months.

On a daily basis, PRTBX closed higher 46% of trading days. The best single day was Jan 19, 2005 with a return of +1.1%, while the worst single day was Dec 18, 1990 at -0.7%.

Permanent Portfolio Short-Term Treasury Portfolio has an annualized alpha of 2.20%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 04, 1988.

• This fund captured 4.86% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.78%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PRTBX has an expense ratio of 0.65%, placing it in the medium range.

PRTBX ranks 99 for risk / return — in the top 99% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Permanent Portfolio Short-Term Treasury Portfolio provided a 3.36% dividend yield over the last twelve months, with an annual payout of $2.22 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Permanent Portfolio Short-Term Treasury Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Permanent Portfolio Short-Term Treasury Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Permanent Portfolio Short-Term Treasury Portfolio was 5.13%, occurring on Oct 20, 2022. Recovery took 343 trading sessions.

The current Permanent Portfolio Short-Term Treasury Portfolio drawdown is 0.11%.

The chart below shows the rolling one-month volatility.