TUA vs. PRVBX
Compare and contrast key facts about Simplify Short Term Treasury Futures Strategy ETF (TUA) and Permanent Portfolio Versatile Bond Portfolio (PRVBX).
TUA is an actively managed fund by Simplify. It was launched on Nov 14, 2022. PRVBX is managed by Permanent Portfolio. It was launched on Sep 27, 1991.
Performance
TUA vs. PRVBX - Performance Comparison
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TUA vs. PRVBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | -3.21% | 7.27% | -3.59% | -2.04% | -0.81% |
PRVBX Permanent Portfolio Versatile Bond Portfolio | -0.17% | 5.66% | 5.78% | 6.91% | 0.08% |
Returns By Period
In the year-to-date period, TUA achieves a -3.21% return, which is significantly lower than PRVBX's -0.17% return.
TUA
- 1D
- 0.24%
- 1M
- -4.04%
- YTD
- -3.21%
- 6M
- -2.23%
- 1Y
- -0.42%
- 3Y*
- -1.82%
- 5Y*
- —
- 10Y*
- —
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%
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TUA vs. PRVBX - Expense Ratio Comparison
TUA has a 0.16% expense ratio, which is lower than PRVBX's 0.64% expense ratio.
Return for Risk
TUA vs. PRVBX — Risk / Return Rank
TUA
PRVBX
TUA vs. PRVBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) and Permanent Portfolio Versatile Bond Portfolio (PRVBX). 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.
| TUA | PRVBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.05 | 2.21 | -2.27 |
Sortino ratioReturn per unit of downside risk | -0.02 | 3.21 | -3.23 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.45 | -0.45 |
Calmar ratioReturn relative to maximum drawdown | -0.02 | 2.77 | -2.79 |
Martin ratioReturn relative to average drawdown | -0.07 | 10.85 | -10.92 |
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
| TUA | PRVBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 2.21 | -2.27 |
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 | -0.08 | 1.29 | -1.36 |
Correlation
The correlation between TUA and PRVBX is 0.62, 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
TUA vs. PRVBX - Dividend Comparison
TUA's dividend yield for the trailing twelve months is around 3.74%, less than PRVBX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.74% | 3.84% | 5.19% | 4.83% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
TUA vs. PRVBX - Drawdown Comparison
The maximum TUA drawdown since its inception was -15.85%, smaller than the maximum PRVBX drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for TUA and PRVBX.
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Drawdown Indicators
| TUA | PRVBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -16.91% | +1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.04% | -1.51% | -4.53% |
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 | -8.00% | -1.30% | -6.70% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -0.72% | -7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 0.38% | +1.72% |
Volatility
TUA vs. PRVBX - Volatility Comparison
Simplify Short Term Treasury Futures Strategy ETF (TUA) has a higher volatility of 3.08% compared to Permanent Portfolio Versatile Bond Portfolio (PRVBX) at 0.73%. This indicates that TUA's price experiences larger fluctuations and is considered to be riskier than PRVBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUA | PRVBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 0.73% | +2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 1.21% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.65% | 1.85% | +5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.94% | 2.33% | +8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.94% | 4.38% | +6.56% |