PAGRX vs. SPY
Compare and contrast key facts about Permanent Portfolio Aggressive Growth Portfolio (PAGRX) and SPDR S&P 500 ETF (SPY).
PAGRX is managed by Permanent Portfolio. It was launched on Jan 2, 1990. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAGRX or SPY.
Performance
PAGRX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, PAGRX achieves a 43.04% return, which is significantly higher than SPY's 24.40% return. Over the past 10 years, PAGRX has underperformed SPY with an annualized return of 4.36%, while SPY has yielded a comparatively higher 13.04% annualized return.
PAGRX
43.04%
2.61%
20.07%
50.99%
12.26%
4.36%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| PAGRX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.52 | 2.64 |
| Sortino Ratio | 3.28 | 3.53 |
| Omega Ratio | 1.44 | 1.49 |
| Calmar Ratio | 1.38 | 3.81 |
| Martin Ratio | 18.16 | 17.21 |
| Ulcer Index | 2.84% | 1.86% |
| Daily Std Dev | 20.46% | 12.15% |
| Max Drawdown | -79.19% | -55.19% |
| Current Drawdown | -1.75% | -2.17% |
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PAGRX vs. SPY - Expense Ratio Comparison
PAGRX has a 1.21% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between PAGRX and SPY is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PAGRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Aggressive Growth Portfolio (PAGRX) and SPDR S&P 500 ETF (SPY). 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
PAGRX vs. SPY - Dividend Comparison
PAGRX's dividend yield for the trailing twelve months is around 0.10%, less than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAGRX Permanent Portfolio Aggressive Growth Portfolio | 0.10% | 0.14% | 0.29% | 0.05% | 0.16% | 0.54% | 0.23% | 0.99% | 0.68% | 1.62% | 0.30% | 0.49% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PAGRX vs. SPY - Drawdown Comparison
The maximum PAGRX drawdown since its inception was -79.19%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PAGRX and SPY. For additional features, visit the drawdowns tool.
Volatility
PAGRX vs. SPY - Volatility Comparison
Permanent Portfolio Aggressive Growth Portfolio (PAGRX) has a higher volatility of 5.72% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that PAGRX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.