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PRPFX vs. OACP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRPFX vs. OACP

Last updated Jun 13, 2026

PRPFX (Permanent Portfolio Class I) and OACP (OneAscent Core Plus Bond ETF) are both funds - PRPFX is a Diversified Portfolio fund actively managed by Permanent Portfolio, while OACP is a Intermediate Core-Plus Bond fund actively managed by Oneascent. Both are actively managed. Over the past 3 years, PRPFX returned 19.77%/yr vs 4.68%/yr for OACP. At a 0.30 correlation, their price movements are largely independent. PRPFX charges 0.81%/yr vs 0.77%/yr for OACP.

Performance

PRPFX vs. OACP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Permanent Portfolio Class I (PRPFX) and OneAscent Core Plus Bond ETF (OACP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PRPFX achieves a 3.05% return, which is significantly higher than OACP's 0.28% return.

PRPFX

1D
0.64%
1M
-2.53%
YTD
3.05%
6M
4.38%
1Y
17.66%
3Y*
19.77%
5Y*
10.72%
10Y*
10.56%

OACP

1D
-0.09%
1M
0.32%
YTD
0.28%
6M
0.68%
1Y
4.97%
3Y*
4.68%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRPFX vs. OACP - Yearly Performance Comparison

2026 (YTD)2025202420232022
PRPFX
Permanent Portfolio Class I		3.05%28.78%19.36%11.96%-6.70%
OACP
OneAscent Core Plus Bond ETF		0.28%7.17%2.37%6.04%-7.87%

Correlation

The correlation between PRPFX and OACP is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2022

0.30

Compare stocks, funds, or ETFs

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Permanent Portfolio Class I

OneAscent Core Plus Bond ETF

Often compared with PRPFX:
PRPFX vs. SPYPRPFX vs. ALLWPRPFX vs. ^GSPCPRPFX vs. VOOPRPFX vs. VFINXPRPFX vs. FPURXPRPFX vs. MOGAX
Often compared with OACP:
OACP vs. UCONOACP vs. CFITOACP vs. APCBOACP vs. ZHOGOACP vs. KDRNOACP vs. BNDPOACP vs. OALC

Return for Risk

PRPFX vs. OACP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRPFX
PRPFX Risk / Return Rank: 4040
Overall Rank
PRPFX Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
PRPFX Sortino Ratio Rank: 3030
Sortino Ratio Rank
PRPFX Omega Ratio Rank: 4848
Omega Ratio Rank
PRPFX Calmar Ratio Rank: 4949
Calmar Ratio Rank
PRPFX Martin Ratio Rank: 3333
Martin Ratio Rank
OACP
OACP Risk / Return Rank: 4141
Overall Rank
OACP Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
OACP Sortino Ratio Rank: 4444
Sortino Ratio Rank
OACP Omega Ratio Rank: 4141
Omega Ratio Rank
OACP Calmar Ratio Rank: 4141
Calmar Ratio Rank
OACP Martin Ratio Rank: 3737
Martin Ratio Rank
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.

PRPFX vs. OACP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Class I (PRPFX) and OneAscent Core Plus Bond ETF (OACP). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

PRPFXOACPDifference
Sharpe ratioReturn per unit of total volatility
1.45
1.35

+0.10

Sortino ratioReturn per unit of downside risk
1.81
1.99

-0.18

Omega ratioGain probability vs. loss probability

1.29

1.24

+0.05

Calmar ratioReturn relative to maximum drawdown

2.20

1.82

+0.38

Martin ratioReturn relative to average drawdown

5.95

5.13

+0.82

PRPFX vs. OACP - Sharpe Ratio Comparison

The current PRPFX Sharpe Ratio is 1.45, which is comparable to the OACP Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of PRPFX and OACP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PRPFX vs. OACP - Drawdown Comparison

The maximum PRPFX drawdown since its inception was -27.16%, which is greater than OACP's maximum drawdown of -11.81%. Use the drawdown chart below to compare losses from any high point for PRPFX and OACP.

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Drawdown Indicators

PRPFXOACPDifference

Max Drawdown

Largest peak-to-trough decline

-27.16%

-11.81%

-15.35%

Max Drawdown (1Y)

Largest decline over 1 year

-8.40%

-2.60%

-5.80%

Max Drawdown (3Y)

Largest decline over 3 years

-8.40%

-5.89%

-2.51%

Max Drawdown (5Y)

Largest decline over 5 years

-15.49%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-20.84%

—

—

Current Drawdown

Current decline from peak

-7.81%

-1.25%

-6.56%

Average Drawdown

Average peak-to-trough decline

-3.52%

-3.58%

+0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

0.92%

+2.18%

Volatility

PRPFX vs. OACP - Volatility Comparison

Permanent Portfolio Class I (PRPFX) has a higher volatility of 3.64% compared to OneAscent Core Plus Bond ETF (OACP) at 1.25%. This indicates that PRPFX's price experiences larger fluctuations and is considered to be riskier than OACP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRPFXOACPDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.64%

1.25%

+2.39%

Volatility (6M)

Calculated over the trailing 6-month period

11.59%

2.64%

+8.95%

Volatility (1Y)

Calculated over the trailing 1-year period

12.79%

3.53%

+9.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.13%

5.80%

+5.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.65%

5.80%

+4.85%

PRPFX vs. OACP - Expense Ratio Comparison

PRPFX has a 0.81% expense ratio, which is higher than OACP's 0.77% expense ratio.

Dividends

PRPFX vs. OACP - Dividend Comparison

PRPFX's dividend yield for the trailing twelve months is around 3.17%, less than OACP's 4.37% yield.

PositionTTM20252024202320222021202020192018201720162015
OACP
OneAscent Core Plus Bond ETF		4.37%4.46%4.51%3.87%2.34%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PRPFX
Permanent Portfolio Class I		3.17%3.27%1.86%1.39%1.58%2.05%5.38%4.69%6.90%2.14%0.95%7.06%

Frequently Asked Questions

PRPFX and OACP have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PRPFX has higher volatility (3.64%) compared to OACP (1.25%). In terms of maximum drawdown, PRPFX dropped -27.16% vs OACP's -11.81%.

PRPFX currently has the higher Sharpe Ratio (1.45 vs 1.35), 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.

Portfolio Optimizer

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