PRVBX vs. DRSK
PRVBX (Permanent Portfolio Versatile Bond Portfolio) and DRSK (Aptus Defined Risk ETF) are both funds - PRVBX is a Short-Term Bond fund managed by Permanent Portfolio, while DRSK is a Diversified Portfolio fund actively managed by Aptus. Over the past 5 years, PRVBX returned 2.53%/yr vs 2.33%/yr for DRSK. Their 0.40 correlation means their historical movements had little consistent relationship. PRVBX charges 0.64%/yr vs 0.79%/yr for DRSK.
Performance
PRVBX vs. DRSK - Performance Comparison
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Returns By Period
In the year-to-date period, PRVBX achieves a 1.22% return, which is significantly lower than DRSK's 1.59% return.
PRVBX
- 1D
- 0.03%
- 1M
- -0.02%
- 6M
- 0.54%
- YTD
- 1.22%
- 1Y
- 3.28%
- 3Y*
- 5.31%
- 5Y*
- 2.53%
- 10Y*
- 4.22%
- ALL TIME*
- 3.67%
DRSK
- 1D
- 0.28%
- 1M
- -1.04%
- 6M
- 1.95%
- YTD
- 1.59%
- 1Y
- 3.00%
- 3Y*
- 7.99%
- 5Y*
- 2.33%
- 10Y*
- —
- ALL TIME*
- 5.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.84M | $3.85M | $3.25M | |
| $0.00 | $0.00 | $0.00 |
PRVBX vs. DRSK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PRVBX Permanent Portfolio Versatile Bond Portfolio | 1.22% | 5.66% | 5.78% | 6.91% | -5.91% | 2.93% | 9.88% | 9.29% | -0.72% |
DRSK Aptus Defined Risk ETF | 1.59% | 7.67% | 12.50% | 2.08% | -9.57% | 0.88% | 13.80% | 12.64% | 2.36% |
Correlation
The correlation between PRVBX and DRSK is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2018 | 0.40 |
The correlation between PRVBX and DRSK shifts across timeframes, from 0.40 (all time) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PRVBX vs. DRSK — Risk / Return Rank
PRVBX
DRSK
PRVBX vs. DRSK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Versatile Bond Portfolio (PRVBX) and Aptus Defined Risk ETF (DRSK). 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 | DRSK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.08 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 0.50 | +1.86 |
| Martin ratioReturn relative to average drawdown | 8.97 | 1.22 | +7.75 |
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Drawdowns
PRVBX vs. DRSK - Drawdown Comparison
The maximum PRVBX drawdown since its inception was -16.91%, smaller than the maximum DRSK drawdown of -19.87%. Use the drawdown chart below to compare losses from any high point for PRVBX and DRSK.
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Drawdown Indicators
| PRVBX | DRSK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -19.87% | +2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -7.20% | +5.69% |
Max Drawdown (3Y)Largest decline over 3 years | -1.51% | -8.81% | +7.30% |
Max Drawdown (5Y)Largest decline over 5 years | -8.22% | -19.87% | +11.65% |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -3.30% | +3.07% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -4.18% | +3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 2.94% | -2.54% |
Volatility
PRVBX vs. DRSK - Volatility Comparison
The current volatility for Permanent Portfolio Versatile Bond Portfolio (PRVBX) is 0.48%, while Aptus Defined Risk ETF (DRSK) has a volatility of 1.80%. This indicates that PRVBX experiences smaller price fluctuations and is considered to be less risky than DRSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRVBX | DRSK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 1.80% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.48% | 5.25% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 7.86% | -6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.37% | 7.45% | -5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.35% | 7.05% | -2.70% |
PRVBX vs. DRSK - Expense Ratio Comparison
PRVBX has a 0.64% expense ratio, which is lower than DRSK's 0.79% expense ratio.
Dividends
PRVBX vs. DRSK - Dividend Comparison
PRVBX's dividend yield for the trailing twelve months is around 4.13%, more than DRSK's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRSK Aptus Defined Risk ETF | 3.74% | 3.67% | 3.31% | 3.57% | 1.93% | 2.64% | 5.69% | 3.04% | 2.62% | 0.00% | 0.00% | 0.00% |
PRVBX Permanent Portfolio Versatile Bond Portfolio | 4.13% | 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 DRSK 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.
DRSK has higher volatility (1.80%) compared to PRVBX (0.48%). In terms of maximum drawdown, PRVBX dropped -16.91% vs DRSK's -19.87%.
PRVBX currently has the higher Sharpe Ratio (1.94 vs 0.46), 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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