PAGDX vs. BFSAX

Last updated Aug 1, 2026

PAGDX (Permanent Portfolio Aggressive Growth Fund Class A) and BFSAX (BFS Equity Fund Investor Class) are both Large Cap Blend Equities funds. Both are actively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. PAGDX charges 1.46%/yr vs 1.25%/yr for BFSAX.

Performance

PAGDX vs. BFSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Permanent Portfolio Aggressive Growth Fund Class A (PAGDX) and BFS Equity Fund Investor Class (BFSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PAGDX

• 1D: 1.18%
• 1M: -3.16%
• 6M: 3.35%
• YTD: 6.76%
• 1Y: 24.34%
• 3Y*: 30.89%
• 5Y*: 17.24%
• 10Y*: —
• ALL TIME*: 19.16%

BFSAX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PAGDX Permanent Portfolio Aggressive Growth Fund Class A	$0.00	$0.00	$0.00

PAGDX vs. BFSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAGDX Permanent Portfolio Aggressive Growth Fund Class A	6.76%	36.58%	44.15%	38.39%	-26.25%	24.53%	37.32%	40.01%	-12.62%	19.29%
BFSAX BFS Equity Fund Investor Class	0.00%	0.00%	0.00%	8.75%	-18.53%	24.95%	10.46%	32.88%	-2.96%	20.97%

Correlation

The correlation between PAGDX and BFSAX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.24
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.71

The correlation between PAGDX and BFSAX shifts across timeframes, from 0.24 (3 years) to 0.70 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PAGDX vs. BFSAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PAGDX

PAGDX Risk / Return Rank: 46
PAGDX Sharpe Ratio Rank: 38
PAGDX Sortino Ratio Rank: 37
PAGDX Omega Ratio Rank: 36
PAGDX Calmar Ratio Rank: 70
PAGDX Martin Ratio Rank: 49

BFSAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PAGDX vs. BFSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Aggressive Growth Fund Class A (PAGDX) and BFS Equity Fund Investor Class (BFSAX). 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.

	PAGDX	BFSAX	Difference
Sharpe ratio: Return per unit of total volatility	1.17	—	—
Sortino ratio: Return per unit of downside risk	1.67	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	2.30	—	—
Martin ratio: Return relative to average drawdown	6.78	—	—

Drawdowns

Drawdown Indicators

	PAGDX	BFSAX	Difference
Max Drawdown Largest peak-to-trough decline	-38.03%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.66%	—	—
Current Drawdown Current decline from peak	-8.13%	—	—
Average Drawdown Average peak-to-trough decline	-7.32%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	—	—

Volatility

Volatility by Period

	PAGDX	BFSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.13%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.54%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.88%	—	—

PAGDX vs. BFSAX - Expense Ratio Comparison

PAGDX has a 1.46% expense ratio, which is higher than BFSAX's 1.25% expense ratio.

Dividends

PAGDX vs. BFSAX - Dividend Comparison

PAGDX's dividend yield for the trailing twelve months is around 0.03%, while BFSAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BFSAX BFS Equity Fund Investor Class	0.00%	0.00%	0.00%	0.00%	1.14%	9.63%	1.50%	1.69%	3.63%	0.32%	0.45%	0.30%
PAGDX Permanent Portfolio Aggressive Growth Fund Class A	0.03%	0.03%	5.48%	2.59%	7.53%	6.80%	14.94%	16.97%	12.25%	8.50%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PAGDX and BFSAX in my portfolio?

PAGDX and BFSAX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.