Putnam Dynamic Asset Allocation Balanced Fund (PABAX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PABAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PABAX
PABAX charges 0.94% annually. There are 386 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | PABAX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | PABAX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | PABAX vs TSAIX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 64.10B | Dec 2000 | PABAX vs VBAIX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | — | Feb 2022 | PABAX vs FYMIX |
Best Risk-Adjusted Alternatives to PABAX
PABAX has a PortfoliosLab risk / return rank of 71. There are 163 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | PABAX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | PABAX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | PABAX vs NWQIX | |
| Federated Hermes Municipal and Stock Advantage Fun... | 94 | — | Sep 2003 | PABAX vs FMUAX | |
| Pioneer Balanced ESG Fund | 93 | — | Dec 1991 | PABAX vs AYBLX |
Top Performing PABAX Alternatives (YTD)
PABAX is at 7.35% YTD. There are 240 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 30.31%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 30.31% | — | Jan 1998 | PABAX vs EKBAX | |
| Greenspring Fund | 19.30% | — | Jun 1983 | PABAX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 18.84% | — | Aug 1998 | PABAX vs MHELX | |
| ICON Equity Income Fund | 18.66% | — | May 2004 | PABAX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 16.85% | — | Dec 2002 | PABAX vs TIBIX |
Lowest Volatility Alternatives to PABAX
PABAX has 8.81% 1-year volatility. There are 289 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.85% | — | Nov 2003 | PABAX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.82% | — | Nov 2003 | PABAX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.87% | — | Apr 2012 | PABAX vs SCLAX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | PABAX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | PABAX vs CSTAX |
Lowest Drawdown Alternatives to PABAX
PABAX has a 1-year max drawdown of -5.93%. There are 225 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | PABAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | PABAX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | PABAX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | PABAX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | PABAX vs CSTAX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, PEQSX, PEIYX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 86 | 12.23% | — | Jun 1977 | PABAX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 87 | 12.41% | — | Jul 2012 | PABAX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 87 | 12.37% | — | Jan 1998 | PABAX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 13 | 4.91% | — | Oct 1995 | PABAX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 64 | 31.56% | — | Dec 2008 | PABAX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 23 | 4.96% | — | Aug 1990 | PABAX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 55 | 9.04% | — | Sep 2010 | PABAX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 14 | 5.05% | — | Aug 1999 | PABAX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 99 | 1.78% | — | Oct 2011 | PABAX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 30 | 19.35% | — | Dec 1997 | PABAX vs PNSAX |
Often Compared With PABAX
Investors most often compare PABAX with PABFX, ABALX, CONWX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare PABAX with Any Fund or Stock
Compare PABAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PABAX with funds that move differently
Putnam Dynamic Asset Allocation Balanced Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PABAX.
Explore PABAX Diversifiers