PRVBX vs. TUA
PRVBX (Permanent Portfolio Versatile Bond Portfolio) and TUA (Simplify Short Term Treasury Futures Strategy ETF) are both funds - PRVBX is a Short-Term Bond fund managed by Permanent Portfolio, while TUA is a Intermediate Core Bond fund actively managed by Simplify. Over the past 3 years, PRVBX returned 5.31%/yr vs 0.67%/yr for TUA. Their 0.63 correlation means they have sometimes moved together and sometimes differently. PRVBX charges 0.64%/yr vs 0.16%/yr for TUA.
Performance
PRVBX vs. TUA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PRVBX achieves a 1.22% return, which is significantly higher than TUA's -6.37% return.
PRVBX
- 1D
- 0.03%
- 1M
- -0.02%
- 6M
- 0.54%
- YTD
- 1.22%
- 1Y
- 3.28%
- 3Y*
- 5.31%
- 5Y*
- 2.53%
- 10Y*
- 4.22%
- ALL TIME*
- 3.67%
TUA
- 1D
- -0.32%
- 1M
- -1.10%
- 6M
- -5.88%
- YTD
- -6.37%
- 1Y
- -5.24%
- 3Y*
- 0.67%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $11.89M | $10.24M | $8.33M |
PRVBX vs. TUA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PRVBX Permanent Portfolio Versatile Bond Portfolio | 1.22% | 5.66% | 5.78% | 6.91% | 0.28% |
TUA Simplify Short Term Treasury Futures Strategy ETF | -6.37% | 7.27% | -3.59% | -2.04% | -0.83% |
Correlation
The correlation between PRVBX and TUA is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2022 | 0.63 |
The correlation between PRVBX and TUA has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRVBX vs. TUA — Risk / Return Rank
PRVBX
TUA
PRVBX vs. TUA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Versatile Bond Portfolio (PRVBX) and Simplify Short Term Treasury Futures Strategy ETF (TUA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRVBX | TUA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.46 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.94 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | -0.37 | +2.73 |
| Martin ratioReturn relative to average drawdown | 8.97 | -0.81 | +9.78 |
Loading charts...
Drawdowns
PRVBX vs. TUA - Drawdown Comparison
The maximum PRVBX drawdown since its inception was -16.91%, which is greater than TUA's maximum drawdown of -15.85%. Use the drawdown chart below to compare losses from any high point for PRVBX and TUA.
Loading charts...
Drawdown Indicators
| PRVBX | TUA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -15.85% | -1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -7.96% | +6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -1.51% | -9.14% | +7.63% |
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 | -0.23% | -10.99% | +10.76% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -8.45% | +7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 3.64% | -3.24% |
Volatility
PRVBX vs. TUA - Volatility Comparison
The current volatility for Permanent Portfolio Versatile Bond Portfolio (PRVBX) is 0.48%, while Simplify Short Term Treasury Futures Strategy ETF (TUA) has a volatility of 1.91%. This indicates that PRVBX experiences smaller price fluctuations and is considered to be less risky than TUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PRVBX | TUA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 1.91% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.48% | 5.57% | -4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 7.01% | -5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.37% | 10.65% | -8.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.35% | 10.65% | -6.30% |
PRVBX vs. TUA - Expense Ratio Comparison
PRVBX has a 0.64% expense ratio, which is higher than TUA's 0.16% expense ratio.
Dividends
PRVBX vs. TUA - Dividend Comparison
PRVBX's dividend yield for the trailing twelve months is around 4.13%, more than TUA's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRVBX Permanent Portfolio Versatile Bond Portfolio | 4.13% | 4.18% | 3.61% | 3.16% | 1.83% | 0.85% | 4.73% | 2.51% | 1.71% | 3.30% | 3.27% | 5.71% |
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.12% | 3.84% | 5.19% | 4.83% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRVBX and TUA have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TUA has higher volatility (1.91%) compared to PRVBX (0.48%). In terms of maximum drawdown, PRVBX dropped -16.91% vs TUA's -15.85%.
PRVBX currently has the higher Sharpe Ratio (1.94 vs -0.42), 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.
Find the right allocation for PRVBX and TUA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer