MDHVX vs. PRVBX
Compare and contrast key facts about MainStay MacKay Short Duration High Yield Fund (MDHVX) and Permanent Portfolio Versatile Bond Portfolio (PRVBX).
MDHVX is managed by MainStay. It was launched on Dec 17, 2012. PRVBX is managed by Permanent Portfolio. It was launched on Sep 27, 1991.
Performance
MDHVX vs. PRVBX - Performance Comparison
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MDHVX vs. PRVBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDHVX MainStay MacKay Short Duration High Yield Fund | -0.42% | 5.38% | 6.51% | 9.86% | -2.81% | 4.38% | 2.92% | 9.00% | -0.13% | 4.30% |
PRVBX Permanent Portfolio Versatile Bond Portfolio | -0.22% | 5.66% | 5.78% | 6.91% | -5.91% | 2.93% | 9.88% | 9.29% | 2.01% | 0.69% |
Returns By Period
In the year-to-date period, MDHVX achieves a -0.42% return, which is significantly lower than PRVBX's -0.22% return. Both investments have delivered pretty close results over the past 10 years, with MDHVX having a 4.79% annualized return and PRVBX not far behind at 4.66%.
MDHVX
- 1D
- -0.11%
- 1M
- -0.95%
- YTD
- -0.42%
- 6M
- 0.11%
- 1Y
- 3.81%
- 3Y*
- 6.06%
- 5Y*
- 4.15%
- 10Y*
- 4.79%
PRVBX
- 1D
- -0.05%
- 1M
- -1.10%
- YTD
- -0.22%
- 6M
- 0.02%
- 1Y
- 4.01%
- 3Y*
- 5.36%
- 5Y*
- 2.58%
- 10Y*
- 4.66%
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MDHVX vs. PRVBX - Expense Ratio Comparison
MDHVX has a 1.10% expense ratio, which is higher than PRVBX's 0.64% expense ratio.
Return for Risk
MDHVX vs. PRVBX — Risk / Return Rank
MDHVX
PRVBX
MDHVX vs. PRVBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Short Duration High Yield Fund (MDHVX) 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.
| MDHVX | PRVBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 2.18 | -0.60 |
Sortino ratioReturn per unit of downside risk | 2.06 | 3.16 | -1.10 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.67 | -1.15 |
Martin ratioReturn relative to average drawdown | 7.91 | 10.23 | -2.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MDHVX | PRVBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 2.18 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.63 | 1.12 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.40 | 1.07 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 1.29 | +0.05 |
Correlation
The correlation between MDHVX and PRVBX is 0.32, 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.
Dividends
MDHVX vs. PRVBX - Dividend Comparison
MDHVX's dividend yield for the trailing twelve months is around 4.98%, more than PRVBX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDHVX MainStay MacKay Short Duration High Yield Fund | 4.98% | 5.47% | 6.01% | 5.53% | 4.31% | 3.80% | 4.44% | 4.37% | 4.33% | 4.03% | 4.95% | 4.87% |
PRVBX Permanent Portfolio Versatile Bond Portfolio | 4.19% | 4.18% | 3.61% | 3.16% | 1.83% | 0.85% | 4.73% | 2.51% | 1.71% | 3.30% | 3.27% | 5.71% |
Drawdowns
MDHVX vs. PRVBX - Drawdown Comparison
The maximum MDHVX drawdown since its inception was -18.04%, which is greater than PRVBX's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for MDHVX and PRVBX.
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Drawdown Indicators
| MDHVX | PRVBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.04% | -16.91% | -1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -1.51% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -6.26% | -8.22% | +1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -18.04% | -16.91% | -1.13% |
Current DrawdownCurrent decline from peak | -1.06% | -1.34% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -0.72% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.39% | +0.06% |
Volatility
MDHVX vs. PRVBX - Volatility Comparison
MainStay MacKay Short Duration High Yield Fund (MDHVX) and Permanent Portfolio Versatile Bond Portfolio (PRVBX) have volatilities of 0.75% and 0.73%, 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
| MDHVX | PRVBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.73% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.35% | 1.21% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 1.85% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.57% | 2.33% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 4.38% | -0.95% |