PRVBX vs. IGIB
PRVBX (Permanent Portfolio Versatile Bond Portfolio) and IGIB (iShares 5-10 Year Investment Grade Corporate Bond ETF) are both funds - PRVBX is a Short-Term Bond fund managed by Permanent Portfolio, while IGIB is a Corporate Bonds fund tracking the ICE BofA 5-10 Year US Corporate Index. Over the past 10 years, PRVBX returned 4.31%/yr vs 2.99%/yr for IGIB. At a 0.50 correlation, their price movements are largely independent. PRVBX charges 0.64%/yr vs 0.04%/yr for IGIB.
Performance
PRVBX vs. IGIB - Performance Comparison
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Returns By Period
In the year-to-date period, PRVBX achieves a 1.23% return, which is significantly higher than IGIB's 0.27% return. Over the past 10 years, PRVBX has outperformed IGIB with an annualized return of 4.31%, while IGIB has yielded a comparatively lower 2.99% annualized return.
PRVBX
- 1D
- 0.12%
- 1M
- 0.58%
- YTD
- 1.23%
- 6M
- 1.36%
- 1Y
- 4.89%
- 3Y*
- 5.80%
- 5Y*
- 2.68%
- 10Y*
- 4.31%
IGIB
- 1D
- -0.19%
- 1M
- 0.56%
- YTD
- 0.27%
- 6M
- 0.44%
- 1Y
- 5.52%
- 3Y*
- 6.26%
- 5Y*
- 1.29%
- 10Y*
- 2.99%
PRVBX vs. IGIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRVBX Permanent Portfolio Versatile Bond Portfolio | 1.23% | 5.66% | 5.78% | 6.91% | -5.91% | 2.93% | 9.88% | 9.29% | 2.01% | 0.69% |
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.27% | 9.58% | 3.49% | 9.22% | -14.00% | -1.66% | 9.64% | 14.60% | -0.71% | 3.50% |
Correlation
The correlation between PRVBX and IGIB is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2007 | 0.50 |
The correlation between PRVBX and IGIB shifts across timeframes, from 0.50 (all time) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PRVBX vs. IGIB — Risk / Return Rank
PRVBX
IGIB
PRVBX vs. IGIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Versatile Bond Portfolio (PRVBX) and iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB). 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 | IGIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.24 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 1.84 | +1.46 |
| Martin ratioReturn relative to average drawdown | 12.76 | 5.94 | +6.82 |
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Drawdowns
PRVBX vs. IGIB - Drawdown Comparison
The maximum PRVBX drawdown since its inception was -16.91%, smaller than the maximum IGIB drawdown of -20.62%. Use the drawdown chart below to compare losses from any high point for PRVBX and IGIB.
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Drawdown Indicators
| PRVBX | IGIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -20.62% | +3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -3.01% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -1.51% | -6.05% | +4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -8.22% | -20.62% | +12.40% |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | -20.62% | +3.71% |
Current DrawdownCurrent decline from peak | -0.09% | -1.27% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -2.58% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.93% | -0.54% |
Volatility
PRVBX vs. IGIB - Volatility Comparison
The current volatility for Permanent Portfolio Versatile Bond Portfolio (PRVBX) is 0.65%, while iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) has a volatility of 1.22%. This indicates that PRVBX experiences smaller price fluctuations and is considered to be less risky than IGIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRVBX | IGIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 1.22% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 1.43% | 3.19% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.78% | 4.15% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.36% | 6.57% | -4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.35% | 6.07% | -1.72% |
PRVBX vs. IGIB - Expense Ratio Comparison
PRVBX has a 0.64% expense ratio, which is higher than IGIB's 0.04% expense ratio.
Dividends
PRVBX vs. IGIB - Dividend Comparison
PRVBX's dividend yield for the trailing twelve months is around 4.13%, less than IGIB's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 4.81% | 4.59% | 4.41% | 3.78% | 3.04% | 2.52% | 2.74% | 3.44% | 3.41% | 2.51% | 2.45% | 2.51% |
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 IGIB have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGIB has higher volatility (1.22%) compared to PRVBX (0.65%). In terms of maximum drawdown, PRVBX dropped -16.91% vs IGIB's -20.62%.
PRVBX currently has the higher Sharpe Ratio (2.79 vs 1.34), 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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