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.
Performance
PRVBX vs. IGSB - Performance Comparison
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PRVBX vs. IGSB - 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% | 0.69% |
IGSB iShares Short-Term Corporate Bond ETF | 0.14% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 5.37% | 7.11% | 1.25% | 1.27% |
Returns By Period
In the year-to-date period, PRVBX achieves a -0.17% return, which is significantly lower than IGSB's 0.14% return. Over the past 10 years, PRVBX has outperformed IGSB with an annualized return of 4.67%, while IGSB has yielded a comparatively lower 2.74% annualized 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%
IGSB
- 1D
- 0.27%
- 1M
- -0.89%
- YTD
- 0.14%
- 6M
- 1.38%
- 1Y
- 4.98%
- 3Y*
- 5.48%
- 5Y*
- 2.45%
- 10Y*
- 2.74%
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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.
Return for Risk
PRVBX vs. IGSB — Risk / Return Rank
PRVBX
IGSB
PRVBX vs. IGSB - Risk-Adjusted Trends 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.
| PRVBX | IGSB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.21 | 2.18 | +0.03 |
Sortino ratioReturn per unit of downside risk | 3.21 | 3.22 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.45 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.77 | 3.46 | -0.69 |
Martin ratioReturn relative to average drawdown | 10.85 | 14.27 | -3.42 |
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 | IGSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.18 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 0.85 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 0.79 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 0.70 | +0.59 |
Correlation
The correlation between PRVBX and IGSB is 0.40, 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. IGSB - Dividend Comparison
PRVBX's dividend yield for the trailing twelve months is around 4.19%, less than IGSB's 4.51% 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% |
IGSB iShares Short-Term Corporate Bond ETF | 4.51% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
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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Drawdown Indicators
| PRVBX | IGSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -13.38% | -3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -1.46% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -8.22% | -9.46% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | -13.38% | -3.53% |
Current DrawdownCurrent decline from peak | -1.30% | -0.89% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -0.85% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.35% | +0.03% |
Volatility
PRVBX vs. IGSB - Volatility Comparison
The current volatility for Permanent Portfolio Versatile Bond Portfolio (PRVBX) is 0.73%, while iShares Short-Term Corporate Bond ETF (IGSB) has a volatility of 0.96%. 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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Volatility by Period
| PRVBX | IGSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.96% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 1.32% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 2.29% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.33% | 2.91% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 3.46% | +0.92% |