PRTBX vs. SGOV
Compare and contrast key facts about Permanent Portfolio Short-Term Treasury Portfolio (PRTBX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
PRTBX is managed by Permanent Portfolio. It was launched on Sep 21, 1987. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020.
Performance
PRTBX vs. SGOV - Performance Comparison
Loading graphics...
PRTBX vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRTBX Permanent Portfolio Short-Term Treasury Portfolio | 0.40% | 4.19% | 4.12% | 3.79% | -2.28% | -0.74% | -0.32% |
SGOV iShares 0-3 Month Treasury Bond ETF | 0.88% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Returns By Period
In the year-to-date period, PRTBX achieves a 0.40% return, which is significantly lower than SGOV's 0.88% return.
PRTBX
- 1D
- 0.05%
- 1M
- -0.05%
- YTD
- 0.40%
- 6M
- 1.23%
- 1Y
- 3.25%
- 3Y*
- 3.71%
- 5Y*
- 1.89%
- 10Y*
- 1.22%
SGOV
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 0.88%
- 6M
- 1.89%
- 1Y
- 4.07%
- 3Y*
- 4.80%
- 5Y*
- 3.41%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PRTBX vs. SGOV - Expense Ratio Comparison
PRTBX has a 0.65% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Return for Risk
PRTBX vs. SGOV — Risk / Return Rank
PRTBX
SGOV
PRTBX vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Short-Term Treasury Portfolio (PRTBX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.76 | 20.61 | -16.85 |
Sortino ratioReturn per unit of downside risk | 6.37 | 283.87 | -277.50 |
Omega ratioGain probability vs. loss probability | 1.96 | 201.33 | -199.37 |
Calmar ratioReturn relative to maximum drawdown | 7.63 | 411.31 | -403.68 |
Martin ratioReturn relative to average drawdown | 30.05 | 4,618.08 | -4,588.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PRTBX | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.76 | 20.61 | -16.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.57 | 14.12 | -12.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.89 | 12.34 | -8.45 |
Correlation
The correlation between PRTBX and SGOV is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PRTBX vs. SGOV - Dividend Comparison
PRTBX's dividend yield for the trailing twelve months is around 3.37%, less than SGOV's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.95% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% |
Drawdowns
PRTBX vs. SGOV - Drawdown Comparison
The maximum PRTBX drawdown since its inception was -5.13%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for PRTBX and SGOV.
Loading graphics...
Drawdown Indicators
| PRTBX | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.13% | -0.03% | -5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -0.44% | -0.01% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -3.81% | -0.03% | -3.78% |
Max Drawdown (10Y)Largest decline over 10 years | -4.36% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | 0.00% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -0.96% | 0.00% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.00% | +0.11% |
Volatility
PRTBX vs. SGOV - Volatility Comparison
Permanent Portfolio Short-Term Treasury Portfolio (PRTBX) has a higher volatility of 0.27% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that PRTBX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PRTBX | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.27% | 0.06% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 0.13% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.88% | 0.20% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.21% | 0.24% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 0.24% | +0.62% |