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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Putnam Dynamic Asset Allocation Growth Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Putnam Dynamic Asset Allocation Growth Fund (PAEAX) has returned -3.90% so far this year and 15.56% over the past 12 months. Over the last ten years, PAEAX has returned 9.89% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Putnam Dynamic Asset Allocation Growth Fund
- 1D
- -0.14%
- 1M
- -6.93%
- YTD
- -3.90%
- 6M
- -1.22%
- 1Y
- 15.56%
- 3Y*
- 15.49%
- 5Y*
- 8.60%
- 10Y*
- 9.89%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Feb 7, 1994, PAEAX's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, your investment would double in approximately 7.8 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2009 with a return of +10.2%, while the worst month was Oct 2008 at -16.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PAEAX closed higher 52% of trading days. The best single day was Dec 19, 2014 with a return of +18.7%, while the worst single day was Dec 19, 2024 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.32% | 0.91% | -6.93% | -3.90% | |||||||||
| 2025 | 2.88% | -2.40% | -1.90% | 0.47% | 4.84% | 4.12% | 0.86% | 2.50% | 3.18% | 1.43% | 0.44% | 0.89% | 18.45% |
| 2024 | 1.55% | 4.08% | 3.55% | -3.23% | 4.48% | 2.15% | 1.51% | 2.36% | 1.46% | -1.67% | 4.19% | -2.76% | 18.71% |
| 2023 | 5.89% | -1.93% | 2.03% | 0.97% | -0.30% | 4.86% | 2.57% | -1.67% | -3.29% | -2.17% | 8.03% | 4.76% | 20.78% |
| 2022 | -4.44% | -2.46% | 1.46% | -7.29% | 0.42% | -7.95% | 6.57% | -3.08% | -7.55% | 5.47% | 5.89% | -3.95% | -16.99% |
| 2021 | -0.16% | 2.33% | 2.38% | 3.74% | 1.27% | 1.93% | 0.66% | 2.35% | -3.85% | 3.86% | -1.65% | 2.91% | 16.63% |
Benchmark Metrics
Putnam Dynamic Asset Allocation Growth Fund has an annualized alpha of 1.91%, beta of 0.74, and R² of 0.79 versus S&P 500 Index. Calculated based on daily prices since February 08, 1994.
- This fund participated in 85.73% of S&P 500 Index downside but only 85.55% of its upside — more exposed to losses than it benefited from rallies.
- Alpha
- 1.91%
- Beta
- 0.74
- R²
- 0.79
- Upside Capture
- 85.55%
- Downside Capture
- 85.73%
Expense Ratio
PAEAX has a high expense ratio of 1.03%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PAEAX ranks 56 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam Dynamic Asset Allocation Growth Fund (PAEAX) and compare them to a chosen benchmark (S&P 500 Index).
| PAEAX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.90 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.52 | 1.39 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.40 | -0.05 |
Martin ratioReturn relative to average drawdown | 6.62 | 6.61 | +0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore PAEAX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Putnam Dynamic Asset Allocation Growth Fund provided a 7.10% dividend yield over the last twelve months, with an annual payout of $1.47 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.47 | $1.47 | $2.14 | $0.76 | $0.27 | $2.85 | $0.09 | $0.26 | $1.45 | $1.74 | $0.25 | $0.96 |
Dividend yield | 7.10% | 6.83% | 11.00% | 4.18% | 1.73% | 14.90% | 0.47% | 1.56% | 10.41% | 10.22% | 1.58% | 6.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Dynamic Asset Allocation Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.47 | $1.47 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.14 | $2.14 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.85 | $2.85 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Dynamic Asset Allocation Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Dynamic Asset Allocation Growth Fund was 53.25%, occurring on Mar 9, 2009. Recovery took 884 trading sessions.
The current Putnam Dynamic Asset Allocation Growth Fund drawdown is 7.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -53.25% | Jul 16, 2007 | 416 | Mar 9, 2009 | 884 | Sep 7, 2012 | 1300 |
| -38.41% | Mar 28, 2000 | 636 | Oct 9, 2002 | 585 | Feb 4, 2005 | 1221 |
| -28.57% | Feb 20, 2020 | 23 | Mar 23, 2020 | 99 | Aug 12, 2020 | 122 |
| -24.98% | Jul 21, 1998 | 57 | Oct 8, 1998 | 61 | Jan 6, 1999 | 118 |
| -23.3% | Nov 9, 2021 | 235 | Oct 14, 2022 | 295 | Dec 18, 2023 | 530 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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