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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRVBX or SHLD.
Key characteristics
| PRVBX | SHLD | |
|---|---|---|
| YTD Return | 5.96% | 31.09% |
| 1Y Return | 8.99% | 47.06% |
| Sharpe Ratio | 4.17 | 3.18 |
| Daily Std Dev | 2.16% | 14.49% |
| Max Drawdown | -16.91% | -5.42% |
| Current Drawdown | 0.00% | -2.51% |
Correlation
The correlation between PRVBX and SHLD is 0.26, 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. SHLD - Performance Comparison
In the year-to-date period, PRVBX achieves a 5.96% return, which is significantly lower than SHLD's 31.09% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
PRVBX vs. SHLD - Risk-Adjusted Performance 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.
Dividends
PRVBX vs. SHLD - Dividend Comparison
PRVBX's dividend yield for the trailing twelve months is around 2.99%, more than SHLD's 0.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRVBX Permanent Portfolio Versatile Bond Portfolio | 2.99% | 3.16% | 1.83% | 0.85% | 4.73% | 2.51% | 1.71% | 3.30% | 3.27% | 5.71% | 3.21% | 4.64% |
SHLD Global X Defense Tech ETF | 0.36% | 0.26% | 0.00% | 0.00% | 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 -5.42%. Use the drawdown chart below to compare losses from any high point for PRVBX and SHLD. For additional features, visit the drawdowns tool.
Volatility
PRVBX vs. SHLD - Volatility Comparison
The current volatility for Permanent Portfolio Versatile Bond Portfolio (PRVBX) is 0.41%, while Global X Defense Tech ETF (SHLD) has a volatility of 4.88%. 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.