PRVBX vs. SHLD
Compare and contrast key facts about Permanent Portfolio Versatile Bond Portfolio (PRVBX) and Global X Defense Tech ETF (SHLD).
PRVBX is managed by Permanent Portfolio. It was launched on Sep 27, 1991. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023.
Performance
PRVBX vs. SHLD - Performance Comparison
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PRVBX vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PRVBX Permanent Portfolio Versatile Bond Portfolio | -0.17% | 5.66% | 5.78% | 3.03% |
SHLD Global X Defense Tech ETF | 9.34% | 74.16% | 35.03% | 12.89% |
Returns By Period
In the year-to-date period, PRVBX achieves a -0.17% return, which is significantly lower than SHLD's 9.34% 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%
SHLD
- 1D
- 3.72%
- 1M
- -5.37%
- YTD
- 9.34%
- 6M
- 1.22%
- 1Y
- 53.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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PRVBX vs. SHLD - Expense Ratio Comparison
PRVBX has a 0.64% expense ratio, which is higher than SHLD's 0.50% expense ratio.
Return for Risk
PRVBX vs. SHLD — Risk / Return Rank
PRVBX
SHLD
PRVBX vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Versatile Bond Portfolio (PRVBX) and Global X Defense Tech ETF (SHLD). 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 | SHLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.21 | 2.10 | +0.11 |
Sortino ratioReturn per unit of downside risk | 3.21 | 2.75 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.36 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.77 | 3.53 | -0.76 |
Martin ratioReturn relative to average drawdown | 10.85 | 10.28 | +0.57 |
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 | SHLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.10 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 2.53 | -1.24 |
Correlation
The correlation between PRVBX and SHLD is 0.18, 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. SHLD - Dividend Comparison
PRVBX's dividend yield for the trailing twelve months is around 4.19%, more than SHLD's 0.50% 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% |
SHLD Global X Defense Tech ETF | 0.50% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRVBX vs. SHLD - Drawdown Comparison
The maximum PRVBX drawdown since its inception was -16.91%, which is greater than SHLD's maximum drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for PRVBX and SHLD.
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Drawdown Indicators
| PRVBX | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -15.06% | -1.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -15.06% | +13.55% |
Max Drawdown (5Y)Largest decline over 5 years | -8.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | — | — |
Current DrawdownCurrent decline from peak | -1.30% | -9.20% | +7.90% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -2.57% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 5.17% | -4.79% |
Volatility
PRVBX vs. SHLD - Volatility Comparison
The current volatility for Permanent Portfolio Versatile Bond Portfolio (PRVBX) is 0.73%, while Global X Defense Tech ETF (SHLD) has a volatility of 8.85%. This indicates that PRVBX experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRVBX | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 8.85% | -8.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 18.37% | -17.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 25.40% | -23.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.33% | 20.70% | -18.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 20.70% | -16.32% |