PRVBX vs. DLSNX
PRVBX (Permanent Portfolio Versatile Bond Portfolio) and DLSNX (DoubleLine Low Duration Bond Fund Class N) are both Short-Term Bond funds. Over the past 10 years, PRVBX returned 4.29%/yr vs 2.58%/yr for DLSNX. At a 0.40 correlation, their price movements are largely independent. PRVBX charges 0.64%/yr vs 0.70%/yr for DLSNX.
Performance
PRVBX vs. DLSNX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PRVBX having a 1.00% return and DLSNX slightly lower at 0.96%. Over the past 10 years, PRVBX has outperformed DLSNX with an annualized return of 4.29%, while DLSNX has yielded a comparatively lower 2.58% annualized return.
PRVBX
- 1D
- -0.23%
- 1M
- 0.35%
- YTD
- 1.00%
- 6M
- 1.13%
- 1Y
- 4.65%
- 3Y*
- 5.63%
- 5Y*
- 2.61%
- 10Y*
- 4.29%
DLSNX
- 1D
- -0.10%
- 1M
- 0.23%
- YTD
- 0.96%
- 6M
- 1.14%
- 1Y
- 3.72%
- 3Y*
- 5.14%
- 5Y*
- 2.91%
- 10Y*
- 2.58%
PRVBX vs. DLSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRVBX Permanent Portfolio Versatile Bond Portfolio | 1.00% | 5.66% | 5.78% | 6.91% | -5.91% | 2.93% | 9.88% | 9.29% | 2.01% | 0.69% |
DLSNX DoubleLine Low Duration Bond Fund Class N | 0.96% | 5.49% | 5.06% | 6.50% | -3.04% | 0.56% | 1.76% | 4.47% | 1.15% | 2.30% |
Correlation
The correlation between PRVBX and DLSNX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2011 | 0.40 |
The correlation between PRVBX and DLSNX shifts across timeframes, from 0.40 (all time) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PRVBX vs. DLSNX — Risk / Return Rank
PRVBX
DLSNX
PRVBX vs. DLSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Versatile Bond Portfolio (PRVBX) and DoubleLine Low Duration Bond Fund Class N (DLSNX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRVBX | DLSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.88 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 5.31 | -2.21 |
| Martin ratioReturn relative to average drawdown | 11.97 | 24.98 | -13.02 |
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Drawdowns
PRVBX vs. DLSNX - Drawdown Comparison
The maximum PRVBX drawdown since its inception was -16.91%, which is greater than DLSNX's maximum drawdown of -7.46%. Use the drawdown chart below to compare losses from any high point for PRVBX and DLSNX.
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Drawdown Indicators
| PRVBX | DLSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -7.46% | -9.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -0.72% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -1.51% | -0.72% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -8.22% | -4.91% | -3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | -7.46% | -9.45% |
Current DrawdownCurrent decline from peak | -0.32% | -0.21% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -0.41% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.15% | +0.24% |
Volatility
PRVBX vs. DLSNX - Volatility Comparison
Permanent Portfolio Versatile Bond Portfolio (PRVBX) has a higher volatility of 0.66% compared to DoubleLine Low Duration Bond Fund Class N (DLSNX) at 0.37%. This indicates that PRVBX's price experiences larger fluctuations and is considered to be riskier than DLSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRVBX | DLSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.37% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 0.90% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.80% | 1.19% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.36% | 1.42% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.36% | 1.57% | +2.79% |
PRVBX vs. DLSNX - Expense Ratio Comparison
PRVBX has a 0.64% expense ratio, which is lower than DLSNX's 0.70% expense ratio.
Dividends
PRVBX vs. DLSNX - Dividend Comparison
PRVBX's dividend yield for the trailing twelve months is around 4.14%, less than DLSNX's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLSNX DoubleLine Low Duration Bond Fund Class N | 4.30% | 4.40% | 4.85% | 4.25% | 2.24% | 1.47% | 2.12% | 2.96% | 2.67% | 2.18% | 2.27% | 2.22% |
PRVBX Permanent Portfolio Versatile Bond Portfolio | 4.14% | 4.18% | 3.61% | 3.16% | 1.83% | 0.85% | 4.73% | 2.51% | 1.71% | 3.30% | 3.27% | 5.71% |
Frequently Asked Questions
PRVBX and DLSNX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRVBX has higher volatility (0.66%) compared to DLSNX (0.37%). In terms of maximum drawdown, PRVBX dropped -16.91% vs DLSNX's -7.46%.
DLSNX currently has the higher Sharpe Ratio (3.24 vs 2.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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