LCCMX vs. PRVBX
LCCMX (Leader Short Term High Yield Bond Fund) and PRVBX (Permanent Portfolio Versatile Bond Portfolio) are both Short-Term Bond funds. Over the past 10 years, LCCMX returned 4.28%/yr vs 4.29%/yr for PRVBX. At a 0.20 correlation, their price movements are largely independent. LCCMX charges 2.55%/yr vs 0.64%/yr for PRVBX.
Performance
LCCMX vs. PRVBX - Performance Comparison
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Returns By Period
In the year-to-date period, LCCMX achieves a 4.01% return, which is significantly higher than PRVBX's 1.00% return. Both investments have delivered pretty close results over the past 10 years, with LCCMX having a 4.28% annualized return and PRVBX not far ahead at 4.29%.
LCCMX
- 1D
- 0.12%
- 1M
- 0.83%
- YTD
- 4.01%
- 6M
- 4.78%
- 1Y
- 11.19%
- 3Y*
- 13.58%
- 5Y*
- 5.65%
- 10Y*
- 4.28%
PRVBX
- 1D
- -0.23%
- 1M
- 0.35%
- YTD
- 1.00%
- 6M
- 1.13%
- 1Y
- 4.65%
- 3Y*
- 5.63%
- 5Y*
- 2.61%
- 10Y*
- 4.29%
LCCMX vs. PRVBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCCMX Leader Short Term High Yield Bond Fund | 4.01% | 9.73% | 18.51% | 13.73% | -13.30% | 1.30% | 7.52% | 0.65% | 2.35% | 1.89% |
PRVBX Permanent Portfolio Versatile Bond Portfolio | 1.00% | 5.66% | 5.78% | 6.91% | -5.91% | 2.93% | 9.88% | 9.29% | 2.01% | 0.69% |
Correlation
The correlation between LCCMX and PRVBX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2005 | 0.20 |
The correlation between LCCMX and PRVBX shifts across timeframes, from 0.02 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LCCMX vs. PRVBX — Risk / Return Rank
LCCMX
PRVBX
LCCMX vs. PRVBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leader Short Term High Yield Bond Fund (LCCMX) and Permanent Portfolio Versatile Bond Portfolio (PRVBX). 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.
| LCCMX | PRVBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 2.01 | 1.53 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.10 | -0.10 |
| Martin ratioReturn relative to average drawdown | 10.55 | 11.97 | -1.41 |
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Drawdowns
LCCMX vs. PRVBX - Drawdown Comparison
The maximum LCCMX drawdown since its inception was -24.57%, which is greater than PRVBX's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for LCCMX and PRVBX.
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Drawdown Indicators
| LCCMX | PRVBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.57% | -16.91% | -7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.76% | -1.51% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -3.76% | -1.51% | -2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -19.20% | -8.22% | -10.98% |
Max Drawdown (10Y)Largest decline over 10 years | -24.57% | -16.91% | -7.66% |
Current DrawdownCurrent decline from peak | -0.12% | -0.32% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -0.72% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.39% | +0.67% |
Volatility
LCCMX vs. PRVBX - Volatility Comparison
Leader Short Term High Yield Bond Fund (LCCMX) and Permanent Portfolio Versatile Bond Portfolio (PRVBX) have volatilities of 0.63% and 0.66%, 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.
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Volatility by Period
| LCCMX | PRVBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.66% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 1.45% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.54% | 1.80% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 2.36% | +3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 4.36% | +1.99% |
LCCMX vs. PRVBX - Expense Ratio Comparison
LCCMX has a 2.55% expense ratio, which is higher than PRVBX's 0.64% expense ratio.
Dividends
LCCMX vs. PRVBX - Dividend Comparison
LCCMX's dividend yield for the trailing twelve months is around 8.52%, more than PRVBX's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCCMX Leader Short Term High Yield Bond Fund | 8.52% | 8.93% | 10.39% | 8.55% | 5.68% | 2.11% | 2.11% | 2.98% | 2.89% | 2.10% | 2.01% | 2.75% |
PRVBX Permanent Portfolio Versatile Bond Portfolio | 4.14% | 4.18% | 3.61% | 3.16% | 1.83% | 0.85% | 4.73% | 2.51% | 1.71% | 3.30% | 3.27% | 5.71% |
Frequently Asked Questions
LCCMX and PRVBX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRVBX has higher volatility (0.66%) compared to LCCMX (0.63%). In terms of maximum drawdown, LCCMX dropped -24.57% vs PRVBX's -16.91%.
PRVBX currently has the higher Sharpe Ratio (2.60 vs 2.48), 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.
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