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.
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
Key characteristics
PRPFX:
1.96
SPY:
2.29
PRPFX:
2.64
SPY:
3.04
PRPFX:
1.35
SPY:
1.43
PRPFX:
2.53
SPY:
3.40
PRPFX:
10.83
SPY:
15.01
PRPFX:
1.72%
SPY:
1.90%
PRPFX:
9.51%
SPY:
12.46%
PRPFX:
-27.16%
SPY:
-55.19%
PRPFX:
-5.73%
SPY:
-0.74%
Returns By Period
In the year-to-date period, PRPFX achieves a 18.52% return, which is significantly lower than SPY's 28.13% return. Over the past 10 years, PRPFX has underperformed SPY with an annualized return of 7.59%, while SPY has yielded a comparatively higher 13.16% annualized return.
PRPFX
18.52%
-5.73%
7.58%
18.66%
10.61%
7.59%
SPY
28.13%
1.31%
11.08%
28.58%
15.00%
13.16%
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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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRPFX Permanent Portfolio Permanent Portfolio | 0.00% | 0.65% | 0.31% | 0.36% | 0.93% | 0.97% | 0.88% | 0.82% | 0.82% | 1.19% | 0.68% | 0.58% |
SPY SPDR S&P 500 ETF | 1.18% | 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
Permanent Portfolio Permanent Portfolio (PRPFX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.85% and 3.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.