CGDV vs. PRPFX

Last updated Jun 14, 2026

CGDV (Capital Group Dividend Value ETF) and PRPFX (Permanent Portfolio Class I) are both funds - CGDV is a Large Cap Value Equities fund actively managed by Capital Group, while PRPFX is a Diversified Portfolio fund actively managed by Permanent Portfolio. Both are actively managed. Over the past 3 years, CGDV returned 24.15%/yr vs 19.77%/yr for PRPFX. A 0.68 correlation means they provide meaningful diversification when combined. CGDV charges 0.33%/yr vs 0.81%/yr for PRPFX.

Performance

CGDV vs. PRPFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Dividend Value ETF (CGDV) and Permanent Portfolio Class I (PRPFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGDV achieves a 11.55% return, which is significantly higher than PRPFX's 3.05% return.

CGDV

• 1D: 0.66%
• 1M: 0.35%
• YTD: 11.55%
• 6M: 12.50%
• 1Y: 28.33%
• 3Y*: 24.15%
• 5Y*: —
• 10Y*: —

PRPFX

• 1D: 0.64%
• 1M: -2.53%
• YTD: 3.05%
• 6M: 4.38%
• 1Y: 17.66%
• 3Y*: 19.77%
• 5Y*: 10.72%
• 10Y*: 10.56%

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

CGDV vs. PRPFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	11.55%	25.50%	20.10%	28.81%	-0.44%
PRPFX Permanent Portfolio Class I	3.05%	28.78%	19.36%	11.96%	-1.62%

Correlation

The correlation between CGDV and PRPFX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.68

The correlation between CGDV and PRPFX shifts across timeframes, from 0.54 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CGDV vs. PRPFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGDV

CGDV Risk / Return Rank: 78
CGDV Sharpe Ratio Rank: 82
CGDV Sortino Ratio Rank: 81
CGDV Omega Ratio Rank: 82
CGDV Calmar Ratio Rank: 65
CGDV Martin Ratio Rank: 79

PRPFX

PRPFX Risk / Return Rank: 40
PRPFX Sharpe Ratio Rank: 40
PRPFX Sortino Ratio Rank: 30
PRPFX Omega Ratio Rank: 48
PRPFX Calmar Ratio Rank: 49
PRPFX Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGDV vs. PRPFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and Permanent Portfolio Class I (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.

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.

	CGDV	PRPFX	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.45	+0.82
Sortino ratio: Return per unit of downside risk	3.11	1.81	+1.30
Omega ratio: Gain probability vs. loss probability	1.42	1.29	+0.13
Calmar ratio: Return relative to maximum drawdown	2.83	2.20	+0.62
Martin ratio: Return relative to average drawdown	13.19	5.95	+7.23

CGDV vs. PRPFX - Sharpe Ratio Comparison

The current CGDV Sharpe Ratio is 2.27, which is higher than the PRPFX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of CGDV and PRPFX, 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

CGDV vs. PRPFX - Drawdown Comparison

The maximum CGDV drawdown since its inception was -21.82%, smaller than the maximum PRPFX drawdown of -27.16%. Use the drawdown chart below to compare losses from any high point for CGDV and PRPFX.

Drawdown Indicators

	CGDV	PRPFX	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	-27.16%	+5.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-8.40%	-1.35%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	-8.40%	-5.88%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.84%	—
Current Drawdown Current decline from peak	-0.98%	-7.81%	+6.83%
Average Drawdown Average peak-to-trough decline	-3.60%	-3.52%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	3.10%	-1.01%

Volatility

CGDV vs. PRPFX - Volatility Comparison

Capital Group Dividend Value ETF (CGDV) has a higher volatility of 4.52% compared to Permanent Portfolio Class I (PRPFX) at 3.64%. This indicates that CGDV's price experiences larger fluctuations and is considered to be riskier than PRPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGDV	PRPFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	3.64%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	11.59%	-1.79%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	12.79%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	11.13%	+4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	10.65%	+4.92%

CGDV vs. PRPFX - Expense Ratio Comparison

CGDV has a 0.33% expense ratio, which is lower than PRPFX's 0.81% expense ratio.

Dividends

CGDV vs. PRPFX - Dividend Comparison

CGDV's dividend yield for the trailing twelve months is around 1.17%, less than PRPFX's 3.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGDV Capital Group Dividend Value ETF	1.17%	1.29%	1.60%	1.65%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRPFX Permanent Portfolio Class I	3.17%	3.27%	1.86%	1.39%	1.58%	2.05%	5.38%	4.69%	6.90%	2.14%	0.95%	7.06%

Frequently Asked Questions

Can I hold both CGDV and PRPFX in my portfolio?

CGDV and PRPFX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGDV or PRPFX?

CGDV has higher volatility (4.52%) compared to PRPFX (3.64%). In terms of maximum drawdown, CGDV dropped -21.82% vs PRPFX's -27.16%.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (2.27 vs 1.45), 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.