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.
Performance
PRVBX vs. MDHVX - Performance Comparison
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PRVBX vs. MDHVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRVBX Permanent Portfolio Versatile Bond Portfolio | -0.22% | 5.66% | 5.78% | 6.91% | -5.91% | 2.93% | 9.88% | 9.29% | 2.01% | 0.69% |
MDHVX MainStay MacKay Short Duration High Yield Fund | -0.31% | 5.38% | 6.51% | 9.86% | -2.81% | 4.38% | 2.92% | 9.00% | -0.13% | 4.30% |
Returns By Period
In the year-to-date period, PRVBX achieves a -0.22% return, which is significantly higher than MDHVX's -0.31% return. Both investments have delivered pretty close results over the past 10 years, with PRVBX having a 4.66% annualized return and MDHVX not far ahead at 4.80%.
PRVBX
- 1D
- -0.05%
- 1M
- -1.10%
- YTD
- -0.22%
- 6M
- 0.02%
- 1Y
- 4.01%
- 3Y*
- 5.36%
- 5Y*
- 2.58%
- 10Y*
- 4.66%
MDHVX
- 1D
- 0.11%
- 1M
- -0.85%
- YTD
- -0.31%
- 6M
- 0.33%
- 1Y
- 3.92%
- 3Y*
- 6.10%
- 5Y*
- 4.17%
- 10Y*
- 4.80%
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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.
Return for Risk
PRVBX vs. MDHVX — Risk / Return Rank
PRVBX
MDHVX
PRVBX vs. MDHVX - Risk-Adjusted Trends 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.
| PRVBX | MDHVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.18 | 1.66 | +0.52 |
Sortino ratioReturn per unit of downside risk | 3.16 | 2.17 | +0.99 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.41 | +1.26 |
Martin ratioReturn relative to average drawdown | 10.23 | 7.34 | +2.89 |
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 | MDHVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 1.66 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 1.64 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 1.41 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 1.34 | -0.05 |
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.
Dividends
PRVBX vs. MDHVX - Dividend Comparison
PRVBX's dividend yield for the trailing twelve months is around 4.19%, less than MDHVX's 4.98% 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% |
MDHVX MainStay MacKay Short Duration High Yield Fund | 4.98% | 5.47% | 6.01% | 5.53% | 4.31% | 3.80% | 4.44% | 4.37% | 4.33% | 4.03% | 4.95% | 4.87% |
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.
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Drawdown Indicators
| PRVBX | MDHVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -18.04% | +1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -2.32% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -8.22% | -6.26% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | -18.04% | +1.13% |
Current DrawdownCurrent decline from peak | -1.34% | -0.95% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -0.79% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.47% | -0.08% |
Volatility
PRVBX vs. MDHVX - Volatility Comparison
Permanent Portfolio Versatile Bond Portfolio (PRVBX) and MainStay MacKay Short Duration High Yield Fund (MDHVX) have volatilities of 0.73% and 0.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRVBX | MDHVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.75% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 1.36% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 2.44% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.33% | 2.57% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 3.43% | +0.95% |