AVMA vs. PRPFX
Compare and contrast key facts about Avantis Moderate Allocation ETF (AVMA) and Permanent Portfolio Permanent Portfolio (PRPFX).
AVMA is an actively managed fund by Avantis. It was launched on Jun 27, 2023. PRPFX is managed by Permanent Portfolio. It was launched on Nov 30, 1982.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVMA or PRPFX.
Key characteristics
| AVMA | PRPFX | |
|---|---|---|
| YTD Return | 9.86% | 16.12% |
| 1Y Return | 17.85% | 22.24% |
| Sharpe Ratio | 1.89 | 2.43 |
| Daily Std Dev | 9.40% | 9.24% |
| Max Drawdown | -8.51% | -27.16% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between AVMA and PRPFX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AVMA vs. PRPFX - Performance Comparison
In the year-to-date period, AVMA achieves a 9.86% return, which is significantly lower than PRPFX's 16.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AVMA vs. PRPFX - Expense Ratio Comparison
AVMA has a 0.21% expense ratio, which is lower than PRPFX's 0.81% expense ratio.
Risk-Adjusted Performance
AVMA vs. PRPFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Moderate Allocation ETF (AVMA) and Permanent Portfolio Permanent Portfolio (PRPFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AVMA vs. PRPFX - Dividend Comparison
AVMA's dividend yield for the trailing twelve months is around 1.97%, more than PRPFX's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVMA Avantis Moderate Allocation ETF | 1.97% | 1.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRPFX Permanent Portfolio Permanent Portfolio | 1.20% | 1.39% | 1.58% | 2.05% | 5.38% | 2.83% | 7.78% | 2.14% | 0.95% | 7.06% | 8.01% | 10.68% |
Drawdowns
AVMA vs. PRPFX - Drawdown Comparison
The maximum AVMA drawdown since its inception was -8.51%, smaller than the maximum PRPFX drawdown of -27.16%. Use the drawdown chart below to compare losses from any high point for AVMA and PRPFX. For additional features, visit the drawdowns tool.
Volatility
AVMA vs. PRPFX - Volatility Comparison
Avantis Moderate Allocation ETF (AVMA) and Permanent Portfolio Permanent Portfolio (PRPFX) have volatilities of 2.93% and 2.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.