Correlation
The correlation between PRTBX and SGOV is 0.00, 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.
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 Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRTBX or SGOV.
Performance
PRTBX vs. SGOV - Performance Comparison
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Key characteristics
PRTBX:
4.69
SGOV:
21.63
PRTBX:
8.11
SGOV:
474.39
PRTBX:
2.19
SGOV:
475.39
PRTBX:
10.53
SGOV:
485.71
PRTBX:
32.36
SGOV:
7,710.35
PRTBX:
0.14%
SGOV:
0.00%
PRTBX:
0.98%
SGOV:
0.22%
PRTBX:
-5.12%
SGOV:
-0.03%
PRTBX:
-0.11%
SGOV:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with PRTBX having a 1.80% return and SGOV slightly lower at 1.75%.
PRTBX
1.80%
0.02%
2.06%
4.47%
2.85%
1.24%
0.90%
SGOV
1.75%
0.34%
2.15%
4.78%
4.55%
2.74%
N/A
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PRTBX vs. SGOV - Expense Ratio Comparison
PRTBX has a 0.65% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
PRTBX vs. SGOV — Risk-Adjusted Performance Rank
PRTBX
SGOV
PRTBX vs. SGOV - Risk-Adjusted Performance 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.
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Dividends
PRTBX vs. SGOV - Dividend Comparison
PRTBX's dividend yield for the trailing twelve months is around 2.64%, less than SGOV's 4.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
PRTBX Permanent Portfolio Short-Term Treasury Portfolio | 2.64% | 2.69% | 1.79% | 0.00% | 0.00% | 0.21% | 1.65% | 0.83% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.69% | 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 -5.12%, 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.
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Volatility
PRTBX vs. SGOV - Volatility Comparison
Permanent Portfolio Short-Term Treasury Portfolio (PRTBX) has a higher volatility of 0.32% 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.
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