Correlation
The correlation between PRVBX and IGSB is 0.04, 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.
PRVBX vs. IGSB
Compare and contrast key facts about Permanent Portfolio Versatile Bond Portfolio (PRVBX) and iShares Short-Term Corporate Bond ETF (IGSB).
PRVBX is managed by Permanent Portfolio. It was launched on Sep 27, 1991. IGSB is a passively managed fund by iShares that tracks the performance of the ICE BofAML 1-5 Year US Corporate Index. It was launched on Jan 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRVBX or IGSB.
Performance
PRVBX vs. IGSB - Performance Comparison
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Key characteristics
PRVBX:
2.38
IGSB:
2.63
PRVBX:
3.97
IGSB:
4.09
PRVBX:
1.52
IGSB:
1.56
PRVBX:
3.91
IGSB:
5.15
PRVBX:
13.97
IGSB:
14.98
PRVBX:
0.38%
IGSB:
0.46%
PRVBX:
2.03%
IGSB:
2.50%
PRVBX:
-16.91%
IGSB:
-13.38%
PRVBX:
-0.51%
IGSB:
-0.42%
Returns By Period
In the year-to-date period, PRVBX achieves a 1.24% return, which is significantly lower than IGSB's 2.51% return. Over the past 10 years, PRVBX has outperformed IGSB with an annualized return of 3.75%, while IGSB has yielded a comparatively lower 2.40% annualized return.
PRVBX
1.24%
-0.40%
0.86%
4.80%
3.91%
3.94%
3.75%
IGSB
2.51%
0.21%
2.33%
6.54%
4.29%
2.01%
2.40%
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PRVBX vs. IGSB - Expense Ratio Comparison
PRVBX has a 0.64% expense ratio, which is higher than IGSB's 0.06% expense ratio.
Risk-Adjusted Performance
PRVBX vs. IGSB — Risk-Adjusted Performance Rank
PRVBX
IGSB
PRVBX vs. IGSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Versatile Bond Portfolio (PRVBX) and iShares Short-Term Corporate Bond ETF (IGSB). 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
PRVBX vs. IGSB - Dividend Comparison
PRVBX's dividend yield for the trailing twelve months is around 3.57%, less than IGSB's 4.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRVBX Permanent Portfolio Versatile Bond Portfolio | 3.57% | 3.61% | 3.16% | 1.83% | 0.85% | 4.72% | 2.51% | 1.71% | 3.30% | 3.27% | 5.71% | 4.37% |
IGSB iShares Short-Term Corporate Bond ETF | 4.20% | 4.02% | 3.26% | 2.07% | 1.82% | 2.37% | 3.07% | 2.46% | 1.65% | 1.45% | 1.18% | 0.94% |
Drawdowns
PRVBX vs. IGSB - Drawdown Comparison
The maximum PRVBX drawdown since its inception was -16.91%, which is greater than IGSB's maximum drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for PRVBX and IGSB.
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Volatility
PRVBX vs. IGSB - Volatility Comparison
The current volatility for Permanent Portfolio Versatile Bond Portfolio (PRVBX) is 0.70%, while iShares Short-Term Corporate Bond ETF (IGSB) has a volatility of 0.82%. This indicates that PRVBX experiences smaller price fluctuations and is considered to be less risky than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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