PRPFX vs. FZROX
Compare and contrast key facts about Permanent Portfolio Permanent Portfolio (PRPFX) and Fidelity ZERO Total Market Index Fund (FZROX).
PRPFX is managed by Permanent Portfolio. It was launched on Nov 30, 1982. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRPFX or FZROX.
Key characteristics
| PRPFX | FZROX | |
|---|---|---|
| YTD Return | 16.12% | 17.75% |
| 1Y Return | 22.54% | 27.75% |
| 3Y Return (Ann) | 8.19% | 8.52% |
| 5Y Return (Ann) | 10.92% | 14.65% |
| Sharpe Ratio | 2.41 | 2.09 |
| Daily Std Dev | 9.24% | 13.09% |
| Max Drawdown | -27.16% | -34.96% |
| Current Drawdown | 0.00% | -0.71% |
Correlation
The correlation between PRPFX and FZROX is 0.74, 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.
Performance
PRPFX vs. FZROX - Performance Comparison
In the year-to-date period, PRPFX achieves a 16.12% return, which is significantly lower than FZROX's 17.75% 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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PRPFX vs. FZROX - Expense Ratio Comparison
PRPFX has a 0.81% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
PRPFX vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Permanent Portfolio (PRPFX) and Fidelity ZERO Total Market Index Fund (FZROX). 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
PRPFX vs. FZROX - Dividend Comparison
PRPFX's dividend yield for the trailing twelve months is around 1.20%, more than FZROX's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRPFX Permanent Portfolio Permanent Portfolio | 1.20% | 1.39% | 1.58% | 2.05% | 5.38% | 2.83% | 7.78% | 2.14% | 0.95% | 7.06% | 8.01% | 10.68% |
FZROX Fidelity ZERO Total Market Index Fund | 1.15% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRPFX vs. FZROX - Drawdown Comparison
The maximum PRPFX drawdown since its inception was -27.16%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for PRPFX and FZROX. For additional features, visit the drawdowns tool.
Volatility
PRPFX vs. FZROX - Volatility Comparison
The current volatility for Permanent Portfolio Permanent Portfolio (PRPFX) is 2.86%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.12%. This indicates that PRPFX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.