PRVBX vs. DHEIX
Compare and contrast key facts about Permanent Portfolio Versatile Bond Portfolio (PRVBX) and Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX).
PRVBX is managed by Permanent Portfolio. It was launched on Sep 27, 1991. DHEIX is a passively managed fund by Diamond Hill that tracks the performance of the Bloomberg US 1-3 Yr. Gov./Credit Index. It was launched on Jul 5, 2016.
Performance
PRVBX vs. DHEIX - Performance Comparison
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PRVBX vs. DHEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRVBX Permanent Portfolio Versatile Bond Portfolio | -0.17% | 5.66% | 5.78% | 6.91% | -5.91% | 2.93% | 9.88% | 9.29% | 2.01% | 0.44% |
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 0.82% | 6.06% | 9.33% | 8.91% | -3.38% | 2.74% | 3.09% | 4.85% | 3.18% | 4.23% |
Returns By Period
In the year-to-date period, PRVBX achieves a -0.17% return, which is significantly lower than DHEIX's 0.82% return.
PRVBX
- 1D
- 0.08%
- 1M
- -1.13%
- YTD
- -0.17%
- 6M
- 0.35%
- 1Y
- 4.06%
- 3Y*
- 5.37%
- 5Y*
- 2.62%
- 10Y*
- 4.67%
DHEIX
- 1D
- 0.13%
- 1M
- -0.27%
- YTD
- 0.82%
- 6M
- 1.75%
- 1Y
- 5.26%
- 3Y*
- 7.69%
- 5Y*
- 4.48%
- 10Y*
- —
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PRVBX vs. DHEIX - Expense Ratio Comparison
PRVBX has a 0.64% expense ratio, which is higher than DHEIX's 0.53% expense ratio.
Return for Risk
PRVBX vs. DHEIX — Risk / Return Rank
PRVBX
DHEIX
PRVBX vs. DHEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Versatile Bond Portfolio (PRVBX) and Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX). 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.
| PRVBX | DHEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.21 | 4.60 | -2.39 |
Sortino ratioReturn per unit of downside risk | 3.21 | 8.07 | -4.86 |
Omega ratioGain probability vs. loss probability | 1.45 | 2.53 | -1.08 |
Calmar ratioReturn relative to maximum drawdown | 2.77 | 10.74 | -7.97 |
Martin ratioReturn relative to average drawdown | 10.85 | 40.46 | -29.61 |
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
| PRVBX | DHEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 4.60 | -2.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 2.96 | -1.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 1.87 | -0.58 |
Correlation
The correlation between PRVBX and DHEIX is 0.39, 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
PRVBX vs. DHEIX - Dividend Comparison
PRVBX's dividend yield for the trailing twelve months is around 4.19%, less than DHEIX's 5.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRVBX Permanent Portfolio Versatile Bond Portfolio | 4.19% | 4.18% | 3.61% | 3.16% | 1.83% | 0.85% | 4.73% | 2.51% | 1.71% | 3.30% | 3.27% | 5.71% |
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 5.98% | 5.51% | 6.21% | 5.52% | 3.72% | 2.62% | 3.22% | 4.05% | 3.74% | 3.45% | 0.00% | 0.00% |
Drawdowns
PRVBX vs. DHEIX - Drawdown Comparison
The maximum PRVBX drawdown since its inception was -16.91%, which is greater than DHEIX's maximum drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for PRVBX and DHEIX.
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Drawdown Indicators
| PRVBX | DHEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -12.33% | -4.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -0.50% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -8.22% | -4.87% | -3.35% |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | — | — |
Current DrawdownCurrent decline from peak | -1.30% | -0.27% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -0.77% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.13% | +0.25% |
Volatility
PRVBX vs. DHEIX - Volatility Comparison
Permanent Portfolio Versatile Bond Portfolio (PRVBX) has a higher volatility of 0.73% compared to Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) at 0.38%. This indicates that PRVBX's price experiences larger fluctuations and is considered to be riskier than DHEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRVBX | DHEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.38% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 0.73% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 1.15% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.33% | 1.52% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 2.28% | +2.10% |