PRVBX vs. MDHVX
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 0.32, 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.
Performance
PRVBX vs. MDHVX - Performance Comparison
Key characteristics
PRVBX:
2.98
MDHVX:
2.44
PRVBX:
4.81
MDHVX:
3.19
PRVBX:
1.60
MDHVX:
1.66
PRVBX:
4.46
MDHVX:
2.08
PRVBX:
17.75
MDHVX:
11.97
PRVBX:
0.34%
MDHVX:
0.46%
PRVBX:
2.03%
MDHVX:
2.27%
PRVBX:
-16.91%
MDHVX:
-18.04%
PRVBX:
-0.69%
MDHVX:
-1.40%
Returns By Period
In the year-to-date period, PRVBX achieves a 0.99% return, which is significantly higher than MDHVX's 0.13% return. Over the past 10 years, PRVBX has underperformed MDHVX with an annualized return of 3.57%, while MDHVX has yielded a comparatively higher 4.15% annualized return.
PRVBX
0.99%
-0.55%
0.59%
5.93%
5.29%
3.57%
MDHVX
0.13%
-1.19%
0.65%
5.42%
5.95%
4.15%
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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.
Risk-Adjusted Performance
PRVBX vs. MDHVX — Risk-Adjusted Performance Rank
PRVBX
MDHVX
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.
Dividends
PRVBX vs. MDHVX - Dividend Comparison
PRVBX's dividend yield for the trailing twelve months is around 3.58%, less than MDHVX's 6.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRVBX Permanent Portfolio Versatile Bond Portfolio | 3.58% | 3.61% | 3.16% | 1.83% | 0.85% | 4.72% | 2.51% | 1.71% | 3.30% | 2.96% | 4.86% | 3.21% |
MDHVX MainStay MacKay Short Duration High Yield Fund | 6.02% | 6.01% | 5.52% | 4.31% | 3.80% | 4.73% | 4.37% | 4.33% | 4.03% | 4.95% | 4.87% | 4.56% |
Drawdowns
PRVBX vs. MDHVX - Drawdown Comparison
The maximum PRVBX drawdown since its inception was -16.91%, smaller than the maximum MDHVX drawdown of -18.04%. Use the drawdown chart below to compare losses from any high point for PRVBX and MDHVX. For additional features, visit the drawdowns tool.
Volatility
PRVBX vs. MDHVX - Volatility Comparison
The current volatility for Permanent Portfolio Versatile Bond Portfolio (PRVBX) is 0.74%, while MainStay MacKay Short Duration High Yield Fund (MDHVX) has a volatility of 1.61%. This indicates that PRVBX experiences smaller price fluctuations and is considered to be less risky than MDHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.