PAGRX vs. YCGEX

Last updated Jun 4, 2026

PAGRX (Permanent Portfolio Aggressive Growth Portfolio) and YCGEX (YCG Enhanced Fund) are both Large Cap Blend Equities funds. Over the past 10 years, PAGRX returned 20.75%/yr vs 10.76%/yr for YCGEX. A 0.75 correlation means they provide meaningful diversification when combined. PAGRX charges 1.21%/yr vs 1.19%/yr for YCGEX.

Performance

PAGRX vs. YCGEX - Performance Comparison

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

Returns By Period

In the year-to-date period, PAGRX achieves a 16.20% return, which is significantly higher than YCGEX's -8.56% return. Over the past 10 years, PAGRX has outperformed YCGEX with an annualized return of 20.75%, while YCGEX has yielded a comparatively lower 10.76% annualized return.

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%

YCGEX

• 1D: -1.61%
• 1M: 0.21%
• YTD: -8.56%
• 6M: -7.78%
• 1Y: -9.06%
• 3Y*: 5.78%
• 5Y*: 4.15%
• 10Y*: 10.76%

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

PAGRX vs. YCGEX - 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%	21.19%
YCGEX YCG Enhanced Fund	-8.56%	4.14%	11.99%	30.15%	-22.38%	27.32%	17.27%	41.20%	-3.25%	22.81%

Correlation

The correlation between PAGRX and YCGEX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.75

Over the past year, the correlation between PAGRX and YCGEX has dropped to 0.45 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

Return for Risk

PAGRX vs. YCGEX — 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

YCGEX

YCGEX Risk / Return Rank: 1
YCGEX Sharpe Ratio Rank: 1
YCGEX Sortino Ratio Rank: 1
YCGEX Omega Ratio Rank: 1
YCGEX Calmar Ratio Rank: 1
YCGEX Martin Ratio Rank: 0

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. YCGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Aggressive Growth Portfolio (PAGRX) and YCG Enhanced Fund (YCGEX). 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	YCGEX	Difference
Sharpe ratio Return per unit of total volatility	2.64	-0.75	+3.40
Sortino ratio Return per unit of downside risk	3.49	-0.95	+4.44
Omega ratio Gain probability vs. loss probability	1.45	0.89	+0.57
Calmar ratio Return relative to maximum drawdown	4.96	-0.60	+5.56
Martin ratio Return relative to average drawdown	21.16	-1.52	+22.68
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. YCGEX - Sharpe Ratio Comparison

The current PAGRX Sharpe Ratio is 2.64, which is higher than the YCGEX Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of PAGRX and YCGEX, 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	YCGEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	-0.75	+3.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.24	+0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.60	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.67	-0.12

Drawdowns

PAGRX vs. YCGEX - Drawdown Comparison

The maximum PAGRX drawdown since its inception was -55.87%, which is greater than YCGEX's maximum drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for PAGRX and YCGEX.

Drawdown Indicators

	PAGRX	YCGEX	Difference
Max Drawdown Largest peak-to-trough decline	-55.87%	-35.90%	-19.97%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-15.35%	+6.21%
Max Drawdown (3Y) Largest decline over 3 years	-26.34%	-15.96%	-10.38%
Max Drawdown (5Y) Largest decline over 5 years	-36.52%	-30.75%	-5.77%
Max Drawdown (10Y) Largest decline over 10 years	-38.01%	-35.90%	-2.11%
Current Drawdown Current decline from peak	-0.10%	-10.92%	+10.82%
Average Drawdown Average peak-to-trough decline	-10.05%	-4.52%	-5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	6.01%	-3.87%

Volatility

PAGRX vs. YCGEX - Volatility Comparison

Permanent Portfolio Aggressive Growth Portfolio (PAGRX) has a higher volatility of 4.70% compared to YCG Enhanced Fund (YCGEX) at 3.65%. This indicates that PAGRX's price experiences larger fluctuations and is considered to be riskier than YCGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAGRX	YCGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	3.65%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	12.94%	9.47%	+3.47%
Volatility (1Y) Calculated over the trailing 1-year period	17.17%	12.12%	+5.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.45%	17.16%	+7.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.52%	17.96%	+6.56%

PAGRX vs. YCGEX - Expense Ratio Comparison

PAGRX has a 1.21% expense ratio, which is higher than YCGEX's 1.19% expense ratio.

Dividends

PAGRX vs. YCGEX - Dividend Comparison

PAGRX's dividend yield for the trailing twelve months is around 0.03%, less than YCGEX's 5.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
YCGEX YCG Enhanced Fund	5.38%	4.92%	4.31%	1.96%	0.00%	9.49%	0.00%	0.56%	3.53%	3.66%	3.38%	2.13%

Frequently Asked Questions

Can I hold both PAGRX and YCGEX in my portfolio?

PAGRX and YCGEX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PAGRX or YCGEX?

PAGRX has higher volatility (4.70%) compared to YCGEX (3.65%). In terms of maximum drawdown, PAGRX dropped -55.87% vs YCGEX's -35.90%.

Which has better risk-adjusted returns?

PAGRX currently has the higher Sharpe Ratio (2.64 vs -0.75), 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.