PRTBX vs. PAIPX
Compare and contrast key facts about Permanent Portfolio Short-Term Treasury Portfolio (PRTBX) and PIMCO Short Asset Investment Fund (PAIPX).
PRTBX is managed by Permanent Portfolio. It was launched on Sep 21, 1987. PAIPX is managed by PIMCO. It was launched on May 31, 2012.
Performance
PRTBX vs. PAIPX - Performance Comparison
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PRTBX vs. PAIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRTBX Permanent Portfolio Short-Term Treasury Portfolio | 0.40% | 4.19% | 4.12% | 3.79% | -2.28% | -0.74% | 0.10% | 1.76% | 1.16% | 0.12% |
PAIPX PIMCO Short Asset Investment Fund | 0.67% | 4.83% | 5.93% | 4.55% | -0.00% | -0.19% | 1.12% | 2.56% | 1.90% | 1.82% |
Returns By Period
In the year-to-date period, PRTBX achieves a 0.40% return, which is significantly lower than PAIPX's 0.67% return. Over the past 10 years, PRTBX has underperformed PAIPX with an annualized return of 1.22%, while PAIPX has yielded a comparatively higher 2.44% annualized return.
PRTBX
- 1D
- 0.00%
- 1M
- -0.03%
- YTD
- 0.40%
- 6M
- 1.21%
- 1Y
- 3.30%
- 3Y*
- 3.71%
- 5Y*
- 1.89%
- 10Y*
- 1.22%
PAIPX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.67%
- 6M
- 1.81%
- 1Y
- 4.37%
- 3Y*
- 4.98%
- 5Y*
- 3.14%
- 10Y*
- 2.44%
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PRTBX vs. PAIPX - Expense Ratio Comparison
PRTBX has a 0.65% expense ratio, which is higher than PAIPX's 0.45% expense ratio.
Return for Risk
PRTBX vs. PAIPX — Risk / Return Rank
PRTBX
PAIPX
PRTBX vs. PAIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Short-Term Treasury Portfolio (PRTBX) and PIMCO Short Asset Investment Fund (PAIPX). 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.
| PRTBX | PAIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.72 | 3.53 | +0.19 |
Sortino ratioReturn per unit of downside risk | 6.31 | 17.49 | -11.18 |
Omega ratioGain probability vs. loss probability | 1.95 | 8.11 | -6.16 |
Calmar ratioReturn relative to maximum drawdown | 7.52 | 23.60 | -16.09 |
Martin ratioReturn relative to average drawdown | 29.57 | 95.25 | -65.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRTBX | PAIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.72 | 3.53 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.57 | 1.91 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.42 | 1.83 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.89 | 1.70 | +2.19 |
Correlation
The correlation between PRTBX and PAIPX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PRTBX vs. PAIPX - Dividend Comparison
PRTBX's dividend yield for the trailing twelve months is around 3.37%, less than PAIPX's 3.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRTBX Permanent Portfolio Short-Term Treasury Portfolio | 3.37% | 3.39% | 2.69% | 1.79% | 0.00% | 0.00% | 0.21% | 1.65% | 0.83% | 0.00% | 0.00% | 0.00% |
PAIPX PIMCO Short Asset Investment Fund | 3.76% | 4.29% | 5.04% | 4.04% | 1.21% | 0.31% | 1.00% | 2.53% | 2.28% | 1.81% | 1.21% | 0.78% |
Drawdowns
PRTBX vs. PAIPX - Drawdown Comparison
The maximum PRTBX drawdown since its inception was -5.13%, which is greater than PAIPX's maximum drawdown of -3.49%. Use the drawdown chart below to compare losses from any high point for PRTBX and PAIPX.
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Drawdown Indicators
| PRTBX | PAIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.13% | -3.49% | -1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -0.44% | -0.20% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -3.81% | -1.64% | -2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -4.36% | -3.49% | -0.87% |
Current DrawdownCurrent decline from peak | -0.11% | 0.00% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -0.15% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.05% | +0.06% |
Volatility
PRTBX vs. PAIPX - Volatility Comparison
Permanent Portfolio Short-Term Treasury Portfolio (PRTBX) has a higher volatility of 0.27% compared to PIMCO Short Asset Investment Fund (PAIPX) at 0.00%. This indicates that PRTBX's price experiences larger fluctuations and is considered to be riskier than PAIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRTBX | PAIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.27% | 0.00% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 0.85% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.88% | 1.25% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.21% | 1.65% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 1.34% | -0.48% |