PRPFX vs. SPY
Compare and contrast key facts about Permanent Portfolio Permanent Portfolio (PRPFX) and SPDR S&P 500 ETF (SPY).
PRPFX is managed by Permanent Portfolio. It was launched on Nov 30, 1982. 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: PRPFX or SPY.
Key characteristics
| PRPFX | SPY | |
|---|---|---|
| YTD Return | 16.10% | 19.17% |
| 1Y Return | 22.44% | 28.27% |
| 3Y Return (Ann) | 8.21% | 9.99% |
| 5Y Return (Ann) | 10.88% | 15.18% |
| 10Y Return (Ann) | 7.17% | 12.84% |
| Sharpe Ratio | 2.39 | 2.11 |
| Daily Std Dev | 9.26% | 12.62% |
| Max Drawdown | -27.16% | -55.19% |
| Current Drawdown | 0.00% | -0.36% |
Correlation
The correlation between PRPFX and SPY is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PRPFX vs. SPY - Performance Comparison
In the year-to-date period, PRPFX achieves a 16.10% return, which is significantly lower than SPY's 19.17% return. Over the past 10 years, PRPFX has underperformed SPY with an annualized return of 7.17%, while SPY has yielded a comparatively higher 12.84% annualized 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. SPY - Expense Ratio Comparison
PRPFX has a 0.81% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PRPFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Permanent Portfolio (PRPFX) 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
PRPFX vs. SPY - Dividend Comparison
PRPFX's dividend yield for the trailing twelve months is around 1.20%, more than SPY's 0.93% 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% |
SPY SPDR S&P 500 ETF | 0.93% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PRPFX vs. SPY - Drawdown Comparison
The maximum PRPFX drawdown since its inception was -27.16%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRPFX and SPY. For additional features, visit the drawdowns tool.
Volatility
PRPFX vs. SPY - Volatility Comparison
The current volatility for Permanent Portfolio Permanent Portfolio (PRPFX) is 2.94%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.94%. This indicates that PRPFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.