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PRVBX vs. MDHVX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

PRVBX vs. MDHVX

Last updated May 12, 2025

Compare and contrast key facts about Permanent Portfolio Versatile Bond Portfolio (PRVBX) and MainStay MacKay Short Duration High Yield Fund (MDHVX).

PRVBX is managed by Permanent Portfolio. It was launched on Sep 27, 1991. MDHVX is managed by MainStay. It was launched on Dec 17, 2012.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRVBX or MDHVX.

Correlation

The correlation between PRVBX and MDHVX is -0.80. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

PRVBX vs. MDHVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Permanent Portfolio Versatile Bond Portfolio (PRVBX) and MainStay MacKay Short Duration High Yield Fund (MDHVX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

PRVBX:

3.77%

MDHVX:

1.38%

Max Drawdown

PRVBX:

-0.43%

MDHVX:

-0.11%

Current Drawdown

PRVBX:

-0.42%

MDHVX:

0.00%

Returns By Period

PRVBX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

MDHVX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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PRVBX vs. MDHVX - Expense Ratio Comparison

PRVBX has a 0.64% expense ratio, which is lower than MDHVX's 1.10% expense ratio.

MDHVX
MainStay MacKay Short Duration High Yield Fund
PRVBX
Permanent Portfolio Versatile Bond Portfolio

Risk-Adjusted Performance

PRVBX vs. MDHVX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRVBX
The Risk-Adjusted Performance Rank of PRVBX is 9595
Overall Rank
The Sharpe Ratio Rank of PRVBX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of PRVBX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of PRVBX is 9393
Omega Ratio Rank
The Calmar Ratio Rank of PRVBX is 9696
Calmar Ratio Rank
The Martin Ratio Rank of PRVBX is 9696
Martin Ratio Rank
MDHVX
The Risk-Adjusted Performance Rank of MDHVX is 9494
Overall Rank
The Sharpe Ratio Rank of MDHVX is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of MDHVX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of MDHVX is 9595
Omega Ratio Rank
The Calmar Ratio Rank of MDHVX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of MDHVX is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PRVBX vs. MDHVX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Versatile Bond Portfolio (PRVBX) and MainStay MacKay Short Duration High Yield Fund (MDHVX). 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. MDHVX - Dividend Comparison

PRVBX's dividend yield for the trailing twelve months is around 3.57%, less than MDHVX's 6.00% yield.

TTM20242023202220212020201920182017201620152014
PRVBX
Permanent Portfolio Versatile Bond Portfolio		3.57%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MDHVX
MainStay MacKay Short Duration High Yield Fund		6.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PRVBX vs. MDHVX - Drawdown Comparison

The maximum PRVBX drawdown since its inception was -0.43%, which is greater than MDHVX's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for PRVBX and MDHVX. For additional features, visit the drawdowns tool.

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Volatility

PRVBX vs. MDHVX - Volatility Comparison

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