PRVBX vs. VISTX
Compare and contrast key facts about Permanent Portfolio Versatile Bond Portfolio (PRVBX) and Vanguard Institutional Short-Term Bond Fund (VISTX).
PRVBX is managed by Permanent Portfolio. It was launched on Sep 27, 1991. VISTX is managed by Vanguard. It was launched on Jun 19, 2015.
Performance
PRVBX vs. VISTX - Performance Comparison
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PRVBX vs. VISTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRVBX Permanent Portfolio Versatile Bond Portfolio | -0.17% | 5.66% | 5.78% | 6.91% | -5.91% | 2.93% | 9.88% | 9.29% | 2.01% | 0.69% |
VISTX Vanguard Institutional Short-Term Bond Fund | 0.25% | 5.68% | 5.56% | 4.98% | -3.73% | -0.04% | 3.92% | 4.20% | 1.83% | 1.42% |
Returns By Period
In the year-to-date period, PRVBX achieves a -0.17% return, which is significantly lower than VISTX's 0.25% return. Over the past 10 years, PRVBX has outperformed VISTX with an annualized return of 4.67%, while VISTX has yielded a comparatively lower 2.43% annualized 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%
VISTX
- 1D
- 0.15%
- 1M
- -0.64%
- YTD
- 0.25%
- 6M
- 1.45%
- 1Y
- 4.26%
- 3Y*
- 4.94%
- 5Y*
- 2.45%
- 10Y*
- 2.43%
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PRVBX vs. VISTX - Expense Ratio Comparison
PRVBX has a 0.64% expense ratio, which is higher than VISTX's 0.02% expense ratio.
Return for Risk
PRVBX vs. VISTX — Risk / Return Rank
PRVBX
VISTX
PRVBX vs. VISTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Versatile Bond Portfolio (PRVBX) and Vanguard Institutional Short-Term Bond Fund (VISTX). 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 | VISTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.21 | 3.01 | -0.80 |
Sortino ratioReturn per unit of downside risk | 3.21 | 4.73 | -1.52 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.68 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.77 | 5.24 | -2.47 |
Martin ratioReturn relative to average drawdown | 10.85 | 21.26 | -10.41 |
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 | VISTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 3.01 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 1.33 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 1.66 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 1.70 | -0.41 |
Correlation
The correlation between PRVBX and VISTX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PRVBX vs. VISTX - Dividend Comparison
PRVBX's dividend yield for the trailing twelve months is around 4.19%, more than VISTX's 4.11% 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% |
VISTX Vanguard Institutional Short-Term Bond Fund | 4.11% | 4.53% | 5.03% | 3.91% | 1.76% | 1.85% | 2.33% | 2.72% | 2.32% | 1.78% | 1.51% | 0.00% |
Drawdowns
PRVBX vs. VISTX - Drawdown Comparison
The maximum PRVBX drawdown since its inception was -16.91%, which is greater than VISTX's maximum drawdown of -5.64%. Use the drawdown chart below to compare losses from any high point for PRVBX and VISTX.
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Drawdown Indicators
| PRVBX | VISTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -5.64% | -11.27% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -0.86% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -8.22% | -5.64% | -2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | -5.64% | -11.27% |
Current DrawdownCurrent decline from peak | -1.30% | -0.64% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -0.69% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.21% | +0.17% |
Volatility
PRVBX vs. VISTX - Volatility Comparison
Permanent Portfolio Versatile Bond Portfolio (PRVBX) has a higher volatility of 0.73% compared to Vanguard Institutional Short-Term Bond Fund (VISTX) at 0.47%. This indicates that PRVBX's price experiences larger fluctuations and is considered to be riskier than VISTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRVBX | VISTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.47% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 0.85% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 1.45% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.33% | 1.85% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 1.47% | +2.91% |