PAGRX vs. PAGDX

Last updated Jun 4, 2026

PAGRX (Permanent Portfolio Aggressive Growth Portfolio) and PAGDX (Permanent Portfolio Aggressive Growth Fund Class A) are both Large Cap Blend Equities funds from Permanent Portfolio. Over the past 5 years, PAGRX returned 19.92%/yr vs 19.62%/yr for PAGDX. With a 1.00 correlation, they move nearly in lockstep. PAGRX charges 1.21%/yr vs 1.46%/yr for PAGDX.

Performance

PAGRX vs. PAGDX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with PAGRX having a 16.20% return and PAGDX slightly lower at 16.08%.

PAGRX

• 1D: -0.10%
• 1M: 8.87%
• YTD: 16.20%
• 6M: 19.31%
• 1Y: 43.21%
• 3Y*: 40.90%
• 5Y*: 19.92%
• 10Y*: 20.75%

PAGDX

• 1D: -0.10%
• 1M: 8.85%
• YTD: 16.08%
• 6M: 19.16%
• 1Y: 42.84%
• 3Y*: 40.55%
• 5Y*: 19.62%
• 10Y*: —

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

PAGRX vs. PAGDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAGRX Permanent Portfolio Aggressive Growth Portfolio	16.20%	36.92%	44.52%	38.73%	-26.06%	24.84%	37.65%	40.34%	-12.41%	19.62%
PAGDX Permanent Portfolio Aggressive Growth Fund Class A	16.08%	36.58%	44.15%	38.39%	-26.25%	24.53%	37.32%	40.01%	-12.62%	19.29%

Correlation

The correlation between PAGRX and PAGDX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	1.00

The correlation between PAGRX and PAGDX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

PAGRX vs. PAGDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PAGRX

PAGRX Risk / Return Rank: 81
PAGRX Sharpe Ratio Rank: 82
PAGRX Sortino Ratio Rank: 70
PAGRX Omega Ratio Rank: 65
PAGRX Calmar Ratio Rank: 92
PAGRX Martin Ratio Rank: 94

PAGDX

PAGDX Risk / Return Rank: 80
PAGDX Sharpe Ratio Rank: 81
PAGDX Sortino Ratio Rank: 69
PAGDX Omega Ratio Rank: 64
PAGDX Calmar Ratio Rank: 91
PAGDX Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PAGRX vs. PAGDX - Risk-Adjusted Trends Comparison

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

	PAGRX	PAGDX	Difference
Sharpe ratio: Return per unit of total volatility	2.64	2.62	+0.02
Sortino ratio: Return per unit of downside risk	3.49	3.46	+0.03
Omega ratio: Gain probability vs. loss probability	1.45	1.45	0.00
Calmar ratio: Return relative to maximum drawdown	4.96	4.91	+0.05
Martin ratio: Return relative to average drawdown	21.16	20.93	+0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAGRX vs. PAGDX - Sharpe Ratio Comparison

The current PAGRX Sharpe Ratio is 2.64, which is comparable to the PAGDX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of PAGRX and PAGDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PAGRX	PAGDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	2.62	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.81	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.83	-0.28

Drawdowns

PAGRX vs. PAGDX - Drawdown Comparison

The maximum PAGRX drawdown since its inception was -55.87%, which is greater than PAGDX's maximum drawdown of -38.03%. Use the drawdown chart below to compare losses from any high point for PAGRX and PAGDX.

Drawdown Indicators

	PAGRX	PAGDX	Difference
Max Drawdown Largest peak-to-trough decline	-55.87%	-38.03%	-17.84%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-9.16%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-26.34%	-26.37%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-36.52%	-36.66%	+0.14%
Max Drawdown (10Y) Largest decline over 10 years	-38.01%	—	—
Current Drawdown Current decline from peak	-0.10%	-0.10%	0.00%
Average Drawdown Average peak-to-trough decline	-10.05%	-7.36%	-2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.14%	0.00%

Volatility

PAGRX vs. PAGDX - Volatility Comparison

Permanent Portfolio Aggressive Growth Portfolio (PAGRX) and Permanent Portfolio Aggressive Growth Fund Class A (PAGDX) have volatilities of 4.70% and 4.70%, 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.

Volatility by Period

	PAGRX	PAGDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	4.70%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	12.94%	12.94%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	17.17%	17.18%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.45%	24.45%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.52%	24.96%	-0.44%

PAGRX vs. PAGDX - Expense Ratio Comparison

PAGRX has a 1.21% expense ratio, which is lower than PAGDX's 1.46% expense ratio.

Dividends

PAGRX vs. PAGDX - Dividend Comparison

PAGRX's dividend yield for the trailing twelve months is around 0.03%, which matches PAGDX's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PAGRX Permanent Portfolio Aggressive Growth Portfolio	0.03%	0.03%	5.62%	2.72%	7.79%	6.82%	15.08%	17.51%	12.33%	8.70%	16.94%	6.31%

Frequently Asked Questions

Can I hold both PAGRX and PAGDX in my portfolio?

With a correlation of 1.00, PAGRX and PAGDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PAGRX or PAGDX?

PAGDX has higher volatility (4.70%) compared to PAGRX (4.70%). In terms of maximum drawdown, PAGRX dropped -55.87% vs PAGDX's -38.03%.

Which has better risk-adjusted returns?

PAGRX currently has the higher Sharpe Ratio (2.64 vs 2.62), 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.