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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM 60/40 Allocation 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
PGIM 60/40 Allocation Fund (PALDX) has returned -3.62% so far this year and 12.43% over the past 12 months.
PGIM 60/40 Allocation Fund
- 1D
- -0.22%
- 1M
- -5.44%
- YTD
- -3.62%
- 6M
- -1.03%
- 1Y
- 12.43%
- 3Y*
- 13.72%
- 5Y*
- 7.99%
- 10Y*
- —
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 Sep 13, 2017, PALDX's average daily return is +0.04%, while the average monthly return is +0.77%. At this rate, your investment would double in approximately 7.5 years.
Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +9.1%, while the worst month was Mar 2020 at -11.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PALDX closed higher 50% of trading days. The best single day was Dec 20, 2024 with a return of +10.1%, while the worst single day was Mar 12, 2020 at -6.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.49% | 0.42% | -5.44% | -3.62% | |||||||||
| 2025 | 1.99% | -0.30% | -4.22% | -0.47% | 3.95% | 3.57% | 1.39% | 2.10% | 2.41% | 1.73% | 0.54% | 0.40% | 13.62% |
| 2024 | 1.40% | 3.17% | 2.68% | -3.52% | 3.73% | 2.60% | 1.57% | 1.76% | 1.52% | -1.56% | 3.83% | 0.58% | 18.96% |
| 2023 | 5.23% | -2.53% | 2.69% | 0.81% | 0.18% | 4.47% | 1.88% | -0.92% | -3.64% | -2.02% | 7.63% | 4.32% | 18.90% |
| 2022 | -3.17% | -1.95% | 0.95% | -6.30% | 0.42% | -6.37% | 6.35% | -3.28% | -7.65% | 4.43% | 4.69% | -3.81% | -15.65% |
| 2021 | -0.08% | 0.58% | 2.94% | 3.41% | 1.00% | 1.37% | 1.87% | 1.55% | -3.19% | 3.74% | -0.51% | 2.72% | 16.30% |
Benchmark Metrics
PGIM 60/40 Allocation Fund has an annualized alpha of 2.81%, beta of 0.53, and R² of 0.63 versus S&P 500 Index. Calculated based on daily prices since September 14, 2017.
- This fund participated in 71.69% of S&P 500 Index downside but only 66.74% of its upside — more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.81% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Beta of 0.53 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.81%
- Beta
- 0.53
- R²
- 0.63
- Upside Capture
- 66.74%
- Downside Capture
- 71.69%
Expense Ratio
PALDX has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
PALDX ranks 64 for risk / return — better than 64% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM 60/40 Allocation Fund (PALDX) and compare them to a chosen benchmark (S&P 500 Index).
| PALDX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.90 | +0.22 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.39 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.40 | +0.02 |
Martin ratioReturn relative to average drawdown | 6.83 | 6.61 | +0.23 |
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 PALDX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
PGIM 60/40 Allocation Fund provided a 5.62% dividend yield over the last twelve months, with an annual payout of $0.76 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.76 | $1.36 | $0.36 | $0.65 | $0.91 | $0.31 | $0.52 | $0.35 | $0.15 |
Dividend yield | 5.62% | 5.42% | 10.40% | 2.94% | 6.19% | 6.87% | 2.58% | 4.58% | 3.65% | 1.48% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM 60/40 Allocation 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 | $0.76 | $0.76 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 | $1.36 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.65 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $0.91 |
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 PGIM 60/40 Allocation 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 PGIM 60/40 Allocation Fund was 26.16%, occurring on Mar 23, 2020. Recovery took 95 trading sessions.
The current PGIM 60/40 Allocation Fund drawdown is 5.96%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.16% | Feb 13, 2020 | 27 | Mar 23, 2020 | 95 | Aug 6, 2020 | 122 |
| -20.47% | Dec 28, 2021 | 202 | Oct 14, 2022 | 301 | Dec 27, 2023 | 503 |
| -16.06% | Dec 23, 2024 | 72 | Apr 8, 2025 | 86 | Aug 12, 2025 | 158 |
| -12.57% | Aug 30, 2018 | 80 | Dec 24, 2018 | 66 | Apr 1, 2019 | 146 |
| -6.9% | Jan 29, 2018 | 9 | Feb 8, 2018 | 133 | Aug 20, 2018 | 142 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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