BOPIX vs. PAGRX

Last updated Aug 1, 2026

BOPIX (Sterling Capital Special Opportunities Fund) and PAGRX (Permanent Portfolio Aggressive Growth Portfolio Class I) are both Large Cap Blend Equities funds. Over the past 10 years, BOPIX returned 12.75%/yr vs 19.45%/yr for PAGRX. Their correlation of 0.87 means they have usually moved in the same direction. BOPIX charges 0.87%/yr vs 1.10%/yr for PAGRX.

Performance

BOPIX vs. PAGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Special Opportunities Fund (BOPIX) and Permanent Portfolio Aggressive Growth Portfolio Class I (PAGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BOPIX having a 6.73% return and PAGRX slightly higher at 6.91%. Over the past 10 years, BOPIX has underperformed PAGRX with an annualized return of 12.75%, while PAGRX has yielded a comparatively higher 19.45% annualized return.

BOPIX

• 1D: 1.11%
• 1M: -2.35%
• 6M: 6.93%
• YTD: 6.73%
• 1Y: 18.16%
• 3Y*: 15.19%
• 5Y*: 8.73%
• 10Y*: 12.75%
• ALL TIME*: 11.87%

PAGRX

• 1D: 1.18%
• 1M: -3.14%
• 6M: 3.47%
• YTD: 6.91%
• 1Y: 24.64%
• 3Y*: 31.22%
• 5Y*: 17.53%
• 10Y*: 19.45%
• ALL TIME*: 12.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BOPIX Sterling Capital Special Opportunities Fund	$0.00	$0.00	$0.00
PAGRX Permanent Portfolio Aggressive Growth Portfolio Class I	$0.00	$0.00	$0.00

BOPIX vs. PAGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BOPIX Sterling Capital Special Opportunities Fund	6.73%	13.38%	21.00%	25.16%	-20.04%	27.75%	13.46%	35.34%	-4.54%	19.63%
PAGRX Permanent Portfolio Aggressive Growth Portfolio Class I	6.91%	36.92%	44.52%	38.73%	-26.06%	24.84%	37.65%	40.34%	-12.41%	21.19%

Correlation

The correlation between BOPIX and PAGRX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since May 30, 2003	0.87

The correlation between BOPIX and PAGRX has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.

Return for Risk

BOPIX vs. PAGRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BOPIX

BOPIX Risk / Return Rank: 25
BOPIX Sharpe Ratio Rank: 28
BOPIX Sortino Ratio Rank: 27
BOPIX Omega Ratio Rank: 26
BOPIX Calmar Ratio Rank: 20
BOPIX Martin Ratio Rank: 22

PAGRX

PAGRX Risk / Return Rank: 49
PAGRX Sharpe Ratio Rank: 42
PAGRX Sortino Ratio Rank: 40
PAGRX Omega Ratio Rank: 39
PAGRX Calmar Ratio Rank: 74
PAGRX Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BOPIX vs. PAGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Special Opportunities Fund (BOPIX) and Permanent Portfolio Aggressive Growth Portfolio Class I (PAGRX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BOPIX	PAGRX	Difference
Sharpe ratio: Return per unit of total volatility	0.94	1.19	-0.25
Sortino ratio: Return per unit of downside risk	1.36	1.69	-0.33
Omega ratio: Gain probability vs. loss probability	1.16	1.21	-0.05
Calmar ratio: Return relative to maximum drawdown	0.96	2.34	-1.38
Martin ratio: Return relative to average drawdown	3.10	6.90	-3.80

BOPIX vs. PAGRX - Sharpe Ratio Comparison

The current BOPIX Sharpe Ratio is 0.94, which is comparable to the PAGRX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of BOPIX and PAGRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BOPIX vs. PAGRX - Drawdown Comparison

The maximum BOPIX drawdown since its inception was -51.68%, smaller than the maximum PAGRX drawdown of -55.87%. Use the drawdown chart below to compare losses from any high point for BOPIX and PAGRX.

Drawdown Indicators

	BOPIX	PAGRX	Difference
Max Drawdown Largest peak-to-trough decline	-51.68%	-55.87%	+4.19%
Max Drawdown (1Y) Largest decline over 1 year	-14.94%	-9.16%	-5.78%
Max Drawdown (3Y) Largest decline over 3 years	-21.69%	-26.34%	+4.65%
Max Drawdown (5Y) Largest decline over 5 years	-25.02%	-36.52%	+11.50%
Max Drawdown (10Y) Largest decline over 10 years	-38.76%	-38.01%	-0.75%
Current Drawdown Current decline from peak	-5.71%	-8.09%	+2.38%
Average Drawdown Average peak-to-trough decline	-6.07%	-10.03%	+3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	3.11%	+1.51%

Volatility

BOPIX vs. PAGRX - Volatility Comparison

The current volatility for Sterling Capital Special Opportunities Fund (BOPIX) is 3.16%, while Permanent Portfolio Aggressive Growth Portfolio Class I (PAGRX) has a volatility of 4.20%. This indicates that BOPIX experiences smaller price fluctuations and is considered to be less risky than PAGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOPIX	PAGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	4.20%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	12.07%	13.89%	-1.82%
Volatility (1Y) Calculated over the trailing 1-year period	15.27%	18.12%	-2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	24.54%	-5.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	24.48%	-5.17%

BOPIX vs. PAGRX - Expense Ratio Comparison

BOPIX has a 0.87% expense ratio, which is lower than PAGRX's 1.10% expense ratio.

Dividends

BOPIX vs. PAGRX - Dividend Comparison

BOPIX's dividend yield for the trailing twelve months is around 17.68%, more than PAGRX's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOPIX Sterling Capital Special Opportunities Fund	17.68%	18.87%	16.95%	17.90%	7.84%	12.03%	1.24%	10.09%	9.17%	7.89%	1.88%	15.18%
PAGRX Permanent Portfolio Aggressive Growth Portfolio Class I	0.03%	0.03%	5.62%	2.72%	7.79%	6.82%	15.08%	17.51%	12.33%	8.70%	16.94%	6.31%

Frequently Asked Questions

Can I hold both BOPIX and PAGRX in my portfolio?

BOPIX and PAGRX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOPIX or PAGRX?

PAGRX has higher volatility (4.20%) compared to BOPIX (3.16%). In terms of maximum drawdown, BOPIX dropped -51.68% vs PAGRX's -55.87%.

Which has better risk-adjusted returns?

PAGRX currently has the higher Sharpe Ratio (1.19 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.