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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Permanent Portfolio Versatile Bond Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Permanent Portfolio Versatile Bond Portfolio (PRVBX) has returned -0.17% so far this year and 4.06% over the past 12 months. Over the last ten years, PRVBX has returned 4.67% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Permanent Portfolio Versatile Bond Portfolio
- 1D
- 0.08%
- 1M
- -1.13%
- YTD
- -0.17%
- 6M
- 0.35%
- 1Y
- 4.06%
- 3Y*
- 5.37%
- 5Y*
- 2.62%
- 10Y*
- 4.67%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jan 2, 1992, PRVBX's average daily return is +0.01%, while the average monthly return is +0.31%. At this rate, your investment would double in approximately 18.7 years.
Historically, 78% of months were positive and 22% were negative. The best month was Apr 2020 with a return of +9.0%, while the worst month was Mar 2020 at -11.7%. The longest winning streak lasted 50 consecutive months, and the longest losing streak was 9 months.
On a daily basis, PRVBX closed higher 55% of trading days. The best single day was Apr 9, 2020 with a return of +2.5%, while the worst single day was Mar 18, 2020 at -6.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.68% | 0.29% | -1.13% | -0.17% | |||||||||
| 2025 | 0.69% | 0.89% | -0.22% | 0.39% | -0.46% | 0.99% | 1.07% | 0.98% | 0.69% | 0.03% | 0.16% | 0.32% | 5.66% |
| 2024 | 1.02% | 0.05% | 0.52% | -0.50% | 1.09% | 0.38% | 1.18% | 0.88% | 1.40% | -0.26% | 0.32% | -0.42% | 5.78% |
| 2023 | 2.86% | -0.87% | -0.02% | 0.86% | -0.43% | 0.45% | 0.69% | 0.42% | -0.03% | -0.27% | 1.61% | 1.49% | 6.91% |
| 2022 | -0.86% | -0.88% | -1.03% | -1.41% | 0.49% | -1.90% | 1.41% | -0.65% | -1.38% | -1.38% | 1.83% | -0.24% | -5.91% |
| 2021 | 0.61% | 0.33% | 0.56% | 0.72% | 0.31% | 0.33% | 0.45% | 0.08% | -0.11% | -0.09% | -0.41% | 0.12% | 2.93% |
Benchmark Metrics
Permanent Portfolio Versatile Bond Portfolio has an annualized alpha of 3.50%, beta of 0.02, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since January 03, 1992.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (13.72%) than losses (2.11%) — typical of diversified or defensive assets.
- Beta of 0.02 may look defensive, but with R² of 0.02 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 0.02 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.
- Alpha
- 3.50%
- Beta
- 0.02
- R²
- 0.02
- Upside Capture
- 13.72%
- Downside Capture
- 2.11%
Expense Ratio
PRVBX has an expense ratio of 0.64%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PRVBX ranks 93 for risk / return — in the top 93% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Permanent Portfolio Versatile Bond Portfolio (PRVBX) and compare them to a chosen benchmark (S&P 500 Index).
| PRVBX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.21 | 0.90 | +1.32 |
Sortino ratioReturn per unit of downside risk | 3.21 | 1.39 | +1.82 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.21 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.77 | 1.40 | +1.37 |
Martin ratioReturn relative to average drawdown | 10.85 | 6.61 | +4.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore PRVBX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Permanent Portfolio Versatile Bond Portfolio provided a 4.19% dividend yield over the last twelve months, with an annual payout of $2.71 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.71 | $2.71 | $2.31 | $1.98 | $1.11 | $0.56 | $3.03 | $1.53 | $0.98 | $1.89 | $1.92 | $3.02 |
Dividend yield | 4.19% | 4.18% | 3.61% | 3.16% | 1.83% | 0.85% | 4.73% | 2.51% | 1.71% | 3.30% | 3.27% | 5.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Permanent Portfolio Versatile Bond Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.71 | $2.71 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.31 | $2.31 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.98 | $1.98 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 | $1.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.56 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Permanent Portfolio Versatile Bond 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 Versatile Bond Portfolio was 16.91%, occurring on Mar 23, 2020. Recovery took 52 trading sessions.
The current Permanent Portfolio Versatile Bond Portfolio drawdown is 1.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.91% | Feb 24, 2020 | 21 | Mar 23, 2020 | 52 | Jun 5, 2020 | 73 |
| -13.2% | Apr 28, 2015 | 202 | Feb 12, 2016 | 120 | Aug 4, 2016 | 322 |
| -8.22% | Sep 15, 2021 | 288 | Nov 3, 2022 | 287 | Dec 27, 2023 | 575 |
| -4.24% | May 10, 2013 | 31 | Jun 24, 2013 | 151 | Jan 29, 2014 | 182 |
| -3.6% | Feb 27, 2017 | 104 | Jul 25, 2017 | 188 | Apr 24, 2018 | 292 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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