MDHVX vs. PRPFX
Compare and contrast key facts about MainStay MacKay Short Duration High Yield Fund (MDHVX) and Permanent Portfolio Permanent Portfolio (PRPFX).
MDHVX is managed by MainStay. It was launched on Dec 17, 2012. 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: MDHVX or PRPFX.
Correlation
The correlation between MDHVX and PRPFX is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MDHVX vs. PRPFX - Performance Comparison
Key characteristics
MDHVX:
4.42
PRPFX:
2.79
MDHVX:
7.14
PRPFX:
3.80
MDHVX:
2.19
PRPFX:
1.50
MDHVX:
9.88
PRPFX:
4.06
MDHVX:
40.67
PRPFX:
13.66
MDHVX:
0.18%
PRPFX:
1.94%
MDHVX:
1.64%
PRPFX:
9.55%
MDHVX:
-18.04%
PRPFX:
-31.23%
MDHVX:
-0.10%
PRPFX:
-0.65%
Returns By Period
In the year-to-date period, MDHVX achieves a 1.30% return, which is significantly lower than PRPFX's 7.37% return. Over the past 10 years, MDHVX has underperformed PRPFX with an annualized return of 4.41%, while PRPFX has yielded a comparatively higher 5.58% annualized return.
MDHVX
1.30%
0.56%
2.94%
7.39%
4.37%
4.41%
PRPFX
7.37%
3.91%
10.96%
27.00%
9.74%
5.58%
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MDHVX vs. PRPFX - Expense Ratio Comparison
MDHVX has a 1.10% expense ratio, which is higher than PRPFX's 0.81% expense ratio.
Risk-Adjusted Performance
MDHVX vs. PRPFX — Risk-Adjusted Performance Rank
MDHVX
PRPFX
MDHVX vs. PRPFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Short Duration High Yield Fund (MDHVX) 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
MDHVX vs. PRPFX - Dividend Comparison
MDHVX's dividend yield for the trailing twelve months is around 5.95%, more than PRPFX's 0.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDHVX MainStay MacKay Short Duration High Yield Fund | 5.95% | 6.01% | 5.55% | 4.33% | 3.81% | 4.72% | 4.38% | 4.33% | 4.02% | 4.94% | 4.88% | 4.49% |
PRPFX Permanent Portfolio Permanent Portfolio | 0.88% | 0.95% | 0.65% | 0.31% | 0.36% | 0.93% | 0.97% | 0.88% | 0.82% | 0.82% | 1.19% | 0.68% |
Drawdowns
MDHVX vs. PRPFX - Drawdown Comparison
The maximum MDHVX drawdown since its inception was -18.04%, smaller than the maximum PRPFX drawdown of -31.23%. Use the drawdown chart below to compare losses from any high point for MDHVX and PRPFX. For additional features, visit the drawdowns tool.
Volatility
MDHVX vs. PRPFX - Volatility Comparison
The current volatility for MainStay MacKay Short Duration High Yield Fund (MDHVX) is 0.45%, while Permanent Portfolio Permanent Portfolio (PRPFX) has a volatility of 3.13%. This indicates that MDHVX experiences smaller price fluctuations and is considered to be less risky than PRPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.