RISN vs. PRPFX

Last updated Jun 24, 2026

RISN (Inspire Tactical Balanced ESG ETF) and PRPFX (Permanent Portfolio Class I) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, RISN returned 4.04%/yr vs 11.10%/yr for PRPFX. A 0.58 correlation means they provide meaningful diversification when combined. RISN charges 0.82%/yr vs 0.81%/yr for PRPFX.

Performance

RISN vs. PRPFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire Tactical Balanced ESG ETF (RISN) and Permanent Portfolio Class I (PRPFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RISN achieves a 3.89% return, which is significantly higher than PRPFX's 2.90% return.

RISN

• 1D: 0.02%
• 1M: -0.11%
• YTD: 3.89%
• 6M: 2.78%
• 1Y: 13.25%
• 3Y*: 10.71%
• 5Y*: 4.04%
• 10Y*: —

PRPFX

• 1D: -0.48%
• 1M: -2.95%
• YTD: 2.90%
• 6M: 1.48%
• 1Y: 17.94%
• 3Y*: 20.08%
• 5Y*: 11.10%
• 10Y*: 10.50%

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

RISN vs. PRPFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RISN Inspire Tactical Balanced ESG ETF	3.89%	10.83%	7.61%	10.29%	-18.06%	22.47%	7.94%
PRPFX Permanent Portfolio Class I	2.90%	28.78%	19.36%	11.96%	-5.48%	10.87%	13.22%

Correlation

The correlation between RISN and PRPFX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020	0.58

The correlation between RISN and PRPFX shifts across timeframes, from 0.45 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RISN vs. PRPFX — Risk / Return Rank

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

RISN

RISN Risk / Return Rank: 34
RISN Sharpe Ratio Rank: 32
RISN Sortino Ratio Rank: 31
RISN Omega Ratio Rank: 29
RISN Calmar Ratio Rank: 38
RISN Martin Ratio Rank: 40

PRPFX

PRPFX Risk / Return Rank: 29
PRPFX Sharpe Ratio Rank: 28
PRPFX Sortino Ratio Rank: 21
PRPFX Omega Ratio Rank: 33
PRPFX Calmar Ratio Rank: 37
PRPFX Martin Ratio Rank: 25

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.

RISN vs. PRPFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire Tactical Balanced ESG ETF (RISN) and Permanent Portfolio Class I (PRPFX). 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.

	RISN	PRPFX	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.43	-0.33
Sortino ratio: Return per unit of downside risk	1.59	1.79	-0.20
Omega ratio: Gain probability vs. loss probability	1.19	1.29	-0.10
Calmar ratio: Return relative to maximum drawdown	1.79	2.19	-0.40
Martin ratio: Return relative to average drawdown	5.94	5.60	+0.34

RISN vs. PRPFX - Sharpe Ratio Comparison

The current RISN Sharpe Ratio is 1.09, which is comparable to the PRPFX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of RISN and PRPFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RISN vs. PRPFX - Drawdown Comparison

The maximum RISN drawdown since its inception was -21.88%, smaller than the maximum PRPFX drawdown of -27.16%. Use the drawdown chart below to compare losses from any high point for RISN and PRPFX.

Drawdown Indicators

	RISN	PRPFX	Difference
Max Drawdown Largest peak-to-trough decline	-21.88%	-27.16%	+5.28%
Max Drawdown (1Y) Largest decline over 1 year	-7.42%	-8.40%	+0.98%
Max Drawdown (3Y) Largest decline over 3 years	-16.37%	-8.40%	-7.97%
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	-15.49%	-6.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.84%	—
Current Drawdown Current decline from peak	-3.12%	-7.95%	+4.83%
Average Drawdown Average peak-to-trough decline	-7.46%	-3.52%	-3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	3.28%	-1.04%

Volatility

RISN vs. PRPFX - Volatility Comparison

Inspire Tactical Balanced ESG ETF (RISN) and Permanent Portfolio Class I (PRPFX) have volatilities of 3.82% and 3.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RISN	PRPFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	3.65%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	11.64%	-1.84%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	12.92%	-0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.24%	11.10%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.37%	10.67%	+0.70%

RISN vs. PRPFX - Expense Ratio Comparison

RISN has a 0.82% expense ratio, which is higher than PRPFX's 0.81% expense ratio.

Dividends

RISN vs. PRPFX - Dividend Comparison

RISN's dividend yield for the trailing twelve months is around 1.06%, less than PRPFX's 3.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRPFX Permanent Portfolio Class I	3.17%	3.27%	1.86%	1.39%	1.58%	2.05%	5.38%	4.69%	6.90%	2.14%	0.95%	7.06%
RISN Inspire Tactical Balanced ESG ETF	1.06%	0.98%	1.39%	2.05%	1.27%	9.74%	4.71%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RISN and PRPFX in my portfolio?

RISN and PRPFX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RISN or PRPFX?

RISN has higher volatility (3.82%) compared to PRPFX (3.65%). In terms of maximum drawdown, RISN dropped -21.88% vs PRPFX's -27.16%.

Which has better risk-adjusted returns?

PRPFX currently has the higher Sharpe Ratio (1.43 vs 1.09), 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.