PPFIX vs. EIVPX
Compare and contrast key facts about Princeton Premium Fund (PPFIX) and Parametric Volatility Risk Premium - Defensive Fund (EIVPX).
PPFIX is managed by Princeton. It was launched on Nov 15, 2016. EIVPX is managed by Eaton Vance. It was launched on Feb 8, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PPFIX or EIVPX.
Key characteristics
| PPFIX | EIVPX | |
|---|---|---|
| YTD Return | 3.23% | 16.48% |
| 1Y Return | 0.60% | 18.03% |
| 3Y Return (Ann) | 0.54% | 7.37% |
| 5Y Return (Ann) | 3.61% | 8.96% |
| Sharpe Ratio | 0.14 | 2.58 |
| Sortino Ratio | 0.16 | 3.32 |
| Omega Ratio | 1.09 | 1.57 |
| Calmar Ratio | 0.18 | 3.51 |
| Martin Ratio | 0.34 | 16.90 |
| Ulcer Index | 1.74% | 1.07% |
| Daily Std Dev | 4.32% | 7.00% |
| Max Drawdown | -15.64% | -26.67% |
| Current Drawdown | -0.72% | -0.06% |
Correlation
The correlation between PPFIX and EIVPX is 0.33, 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.
Performance
PPFIX vs. EIVPX - Performance Comparison
In the year-to-date period, PPFIX achieves a 3.23% return, which is significantly lower than EIVPX's 16.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PPFIX vs. EIVPX - Expense Ratio Comparison
PPFIX has a 1.95% expense ratio, which is higher than EIVPX's 0.47% expense ratio.
Risk-Adjusted Performance
PPFIX vs. EIVPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Princeton Premium Fund (PPFIX) and Parametric Volatility Risk Premium - Defensive Fund (EIVPX). 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
PPFIX vs. EIVPX - Dividend Comparison
PPFIX's dividend yield for the trailing twelve months is around 3.65%, more than EIVPX's 1.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PPFIX Princeton Premium Fund | 3.65% | 3.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EIVPX Parametric Volatility Risk Premium - Defensive Fund | 1.95% | 2.27% | 0.94% | 0.30% | 0.75% | 1.23% | 1.24% | 0.53% |
Drawdowns
PPFIX vs. EIVPX - Drawdown Comparison
The maximum PPFIX drawdown since its inception was -15.64%, smaller than the maximum EIVPX drawdown of -26.67%. Use the drawdown chart below to compare losses from any high point for PPFIX and EIVPX. For additional features, visit the drawdowns tool.
Volatility
PPFIX vs. EIVPX - Volatility Comparison
The current volatility for Princeton Premium Fund (PPFIX) is 0.33%, while Parametric Volatility Risk Premium - Defensive Fund (EIVPX) has a volatility of 2.01%. This indicates that PPFIX experiences smaller price fluctuations and is considered to be less risky than EIVPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.