PRVBX vs. RCTIX

Last updated Jun 4, 2026

PRVBX (Permanent Portfolio Versatile Bond Portfolio) and RCTIX (River Canyon Total Return Bond Fund) are both Short-Term Bond funds. Over the past 10 years, PRVBX returned 4.35%/yr vs 5.54%/yr for RCTIX. At a 0.31 correlation, their price movements are largely independent. PRVBX charges 0.64%/yr vs 0.89%/yr for RCTIX.

Performance

PRVBX vs. RCTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Permanent Portfolio Versatile Bond Portfolio (PRVBX) and River Canyon Total Return Bond Fund (RCTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRVBX achieves a 0.91% return, which is significantly higher than RCTIX's 0.71% return. Over the past 10 years, PRVBX has underperformed RCTIX with an annualized return of 4.35%, while RCTIX has yielded a comparatively higher 5.54% annualized return.

PRVBX

• 1D: -0.09%
• 1M: -0.05%
• YTD: 0.91%
• 6M: 1.18%
• 1Y: 5.30%
• 3Y*: 5.62%
• 5Y*: 2.64%
• 10Y*: 4.35%

RCTIX

• 1D: 0.00%
• 1M: 0.20%
• YTD: 0.71%
• 6M: 1.26%
• 1Y: 5.24%
• 3Y*: 7.47%
• 5Y*: 4.38%
• 10Y*: 5.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRVBX vs. RCTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRVBX Permanent Portfolio Versatile Bond Portfolio	0.91%	5.66%	5.78%	6.91%	-5.91%	2.93%	9.88%	9.29%	2.01%	0.69%
RCTIX River Canyon Total Return Bond Fund	0.71%	7.75%	7.49%	10.02%	-4.07%	4.26%	6.42%	11.71%	1.82%	9.76%

Correlation

The correlation between PRVBX and RCTIX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.31

Over the past year, PRVBX and RCTIX have become more correlated (0.54) than their long-term average of 0.31, meaning their price movements have been converging.

Return for Risk

PRVBX vs. RCTIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRVBX

PRVBX Risk / Return Rank: 85
PRVBX Sharpe Ratio Rank: 91
PRVBX Sortino Ratio Rank: 93
PRVBX Omega Ratio Rank: 89
PRVBX Calmar Ratio Rank: 78
PRVBX Martin Ratio Rank: 73

RCTIX

RCTIX Risk / Return Rank: 74
RCTIX Sharpe Ratio Rank: 63
RCTIX Sortino Ratio Rank: 70
RCTIX Omega Ratio Rank: 72
RCTIX Calmar Ratio Rank: 88
RCTIX Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRVBX vs. RCTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Versatile Bond Portfolio (PRVBX) and River Canyon Total Return Bond Fund (RCTIX). 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	RCTIX	Difference
Sharpe ratio: Return per unit of total volatility	3.01	2.32	+0.69
Sortino ratio: Return per unit of downside risk	4.70	3.49	+1.21
Omega ratio: Gain probability vs. loss probability	1.63	1.48	+0.15
Calmar ratio: Return relative to maximum drawdown	3.54	4.39	-0.85
Martin ratio: Return relative to average drawdown	13.93	14.63	-0.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRVBX vs. RCTIX - Sharpe Ratio Comparison

The current PRVBX Sharpe Ratio is 3.01, which is comparable to the RCTIX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of PRVBX and RCTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRVBX	RCTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.01	2.32	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.13	1.77	-0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.00	1.49	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	1.31	-0.02

Drawdowns

PRVBX vs. RCTIX - Drawdown Comparison

The maximum PRVBX drawdown since its inception was -16.91%, which is greater than RCTIX's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for PRVBX and RCTIX.

Drawdown Indicators

	PRVBX	RCTIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.91%	-10.89%	-6.02%
Max Drawdown (1Y) Largest decline over 1 year	-1.51%	-1.20%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-1.51%	-1.48%	-0.03%
Max Drawdown (5Y) Largest decline over 5 years	-8.22%	-6.17%	-2.05%
Max Drawdown (10Y) Largest decline over 10 years	-16.91%	-10.89%	-6.02%
Current Drawdown Current decline from peak	-0.37%	-0.11%	-0.26%
Average Drawdown Average peak-to-trough decline	-0.72%	-1.08%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	0.36%	+0.02%

Volatility

PRVBX vs. RCTIX - Volatility Comparison

The current volatility for Permanent Portfolio Versatile Bond Portfolio (PRVBX) is 0.71%, while River Canyon Total Return Bond Fund (RCTIX) has a volatility of 0.83%. This indicates that PRVBX experiences smaller price fluctuations and is considered to be less risky than RCTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRVBX	RCTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.71%	0.83%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	1.39%	1.76%	-0.37%
Volatility (1Y) Calculated over the trailing 1-year period	1.77%	2.28%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.36%	2.49%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.36%	3.74%	+0.62%

PRVBX vs. RCTIX - Expense Ratio Comparison

PRVBX has a 0.64% expense ratio, which is lower than RCTIX's 0.89% expense ratio.

Dividends

PRVBX vs. RCTIX - Dividend Comparison

PRVBX's dividend yield for the trailing twelve months is around 4.14%, less than RCTIX's 7.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRVBX Permanent Portfolio Versatile Bond Portfolio	4.14%	4.18%	3.61%	3.16%	1.83%	0.85%	4.73%	2.51%	1.71%	3.30%	3.27%	5.71%
RCTIX River Canyon Total Return Bond Fund	7.27%	7.31%	7.89%	8.50%	5.98%	3.02%	5.97%	4.97%	3.30%	4.89%	2.16%	0.00%

Frequently Asked Questions

Can I hold both PRVBX and RCTIX in my portfolio?

PRVBX and RCTIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRVBX or RCTIX?

RCTIX has higher volatility (0.83%) compared to PRVBX (0.71%). In terms of maximum drawdown, PRVBX dropped -16.91% vs RCTIX's -10.89%.

Which has better risk-adjusted returns?

PRVBX currently has the higher Sharpe Ratio (3.01 vs 2.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.