CZA vs. PRPFX
Compare and contrast key facts about Invesco Zacks Mid-Cap ETF (CZA) and Permanent Portfolio Permanent Portfolio (PRPFX).
CZA is a passively managed fund by Invesco that tracks the performance of the Zacks Mid-Cap Core Index. It was launched on Apr 2, 2007. PRPFX is managed by Permanent Portfolio. It was launched on Nov 30, 1982.
Performance
CZA vs. PRPFX - Performance Comparison
Loading graphics...
CZA vs. PRPFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CZA Invesco Zacks Mid-Cap ETF | 0.36% | 8.31% | 12.14% | 7.00% | -5.91% | 27.42% | 0.35% | 32.27% | -8.89% | 21.90% |
PRPFX Permanent Portfolio Permanent Portfolio | 4.73% | 28.78% | 19.36% | 11.96% | -5.48% | 10.87% | 18.80% | 19.20% | -7.02% | 11.42% |
Returns By Period
In the year-to-date period, CZA achieves a 0.36% return, which is significantly lower than PRPFX's 4.73% return. Over the past 10 years, CZA has underperformed PRPFX with an annualized return of 10.03%, while PRPFX has yielded a comparatively higher 11.05% annualized return.
CZA
- 1D
- 0.96%
- 1M
- -6.03%
- YTD
- 0.36%
- 6M
- 2.80%
- 1Y
- 8.65%
- 3Y*
- 9.92%
- 5Y*
- 6.98%
- 10Y*
- 10.03%
PRPFX
- 1D
- 1.95%
- 1M
- -5.63%
- YTD
- 4.73%
- 6M
- 10.68%
- 1Y
- 27.18%
- 3Y*
- 20.75%
- 5Y*
- 12.38%
- 10Y*
- 11.05%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CZA vs. PRPFX - Expense Ratio Comparison
CZA has a 0.69% expense ratio, which is lower than PRPFX's 0.81% expense ratio.
Return for Risk
CZA vs. PRPFX — Risk / Return Rank
CZA
PRPFX
CZA vs. PRPFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Mid-Cap ETF (CZA) 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.
| CZA | PRPFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 1.99 | -1.50 |
Sortino ratioReturn per unit of downside risk | 0.81 | 2.47 | -1.66 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.43 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 3.44 | -2.79 |
Martin ratioReturn relative to average drawdown | 2.74 | 12.34 | -9.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CZA | PRPFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 1.99 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 1.13 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 1.05 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.80 | -0.34 |
Correlation
The correlation between CZA and PRPFX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CZA vs. PRPFX - Dividend Comparison
CZA's dividend yield for the trailing twelve months is around 1.55%, less than PRPFX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZA Invesco Zacks Mid-Cap ETF | 1.55% | 1.56% | 1.27% | 1.36% | 1.71% | 0.89% | 1.42% | 1.40% | 1.27% | 1.10% | 1.87% | 1.37% |
PRPFX Permanent Portfolio Permanent Portfolio | 3.12% | 3.27% | 1.86% | 1.39% | 1.58% | 2.05% | 5.38% | 4.69% | 6.90% | 2.14% | 0.95% | 7.06% |
Drawdowns
CZA vs. PRPFX - Drawdown Comparison
The maximum CZA drawdown since its inception was -53.20%, which is greater than PRPFX's maximum drawdown of -27.16%. Use the drawdown chart below to compare losses from any high point for CZA and PRPFX.
Loading graphics...
Drawdown Indicators
| CZA | PRPFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.20% | -27.16% | -26.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -8.10% | -5.33% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -15.49% | -3.43% |
Max Drawdown (10Y)Largest decline over 10 years | -46.18% | -20.84% | -25.34% |
Current DrawdownCurrent decline from peak | -6.03% | -6.31% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -3.52% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.26% | +0.91% |
Volatility
CZA vs. PRPFX - Volatility Comparison
Invesco Zacks Mid-Cap ETF (CZA) has a higher volatility of 5.16% compared to Permanent Portfolio Permanent Portfolio (PRPFX) at 4.25%. This indicates that CZA'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.
Loading graphics...
Volatility by Period
| CZA | PRPFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 4.25% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 11.47% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 13.87% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 11.06% | +5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 10.59% | +8.67% |