PGIM 60/40 Allocation Fund (PALDX) 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 PALDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PALDX
PALDX charges 0.03% annually. There is 1 mutual fund in the Diversified Portfolio category with a lower expense ratio, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | PALDX vs FRGAX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | PALDX vs TSAIX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 64.10B | Dec 2000 | PALDX vs VBAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | PALDX vs BWBIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | PALDX vs VTMFX |
Best Risk-Adjusted Alternatives to PALDX
PALDX has a PortfoliosLab risk / return rank of 78. There are 64 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 | PALDX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 97 | — | Dec 2002 | PALDX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | PALDX vs NWQIX | |
| Pioneer Balanced ESG Fund | 93 | — | Dec 1991 | PALDX vs AYBLX | |
| Victory Pioneer Balanced Fund Class A | 93 | — | Dec 1991 | PALDX vs AOBLX |
Top Performing PALDX Alternatives (YTD)
PALDX is at 7.04% YTD. There are 216 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 31.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 31.24% | — | Jan 1998 | PALDX vs EKBAX | |
| Greenspring Fund | 19.30% | — | Jun 1983 | PALDX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 19.20% | — | Aug 1998 | PALDX vs MHELX | |
| ICON Equity Income Fund | 18.43% | — | May 2004 | PALDX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 16.12% | — | Dec 2002 | PALDX vs TIBIX |
Lowest Volatility Alternatives to PALDX
PALDX has 8.39% 1-year volatility. There are 247 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | PALDX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.82% | — | Nov 2003 | PALDX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.87% | — | Apr 2012 | PALDX vs SCLAX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | PALDX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | PALDX vs CSTAX |
Lowest Drawdown Alternatives to PALDX
PALDX has a 1-year max drawdown of -5.96%. There are 228 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 | PALDX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | PALDX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | PALDX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | PALDX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | PALDX vs CSTAX |
Other Mutual Funds from PGIM
The 10 most viewed PGIM mutual funds shown here include PJFAX, PHYQX, PTRQX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM Jennison Growth Fund | Large Cap Growth Equities | 12 | 5.36% | — | Nov 1995 | PALDX vs PJFAX | |
| PGIM High Yield Fund Class R6 | High Yield Bonds | 71 | 1.80% | — | Oct 2011 | PALDX vs PHYQX | |
| PGIM Total Return Bond R6 | Intermediate Core-Plus Bond | 26 | -0.03% | — | Dec 2010 | PALDX vs PTRQX | |
| PGIM Total Return Bond Fund Class Z | Intermediate Core-Plus Bond | 24 | -0.08% | — | Jan 1997 | PALDX vs PDBZX | |
| PGIM Short Duration Multi-Sector Bond Fund | Short-Term Bond | 54 | 0.95% | — | Dec 2013 | PALDX vs SDMZX | |
| PGIM Floating Rate Income Fund | Bank Loan | 96 | 2.82% | — | Mar 2011 | PALDX vs FRFZX | |
| PGIM High Yield Fund | High Yield Bonds | 67 | 1.62% | — | Jan 1990 | PALDX vs PBHAX | |
| PGIM Short Duration High Yield Income Fund | High Yield Bonds | 69 | 1.42% | — | Oct 2012 | PALDX vs HYSZX | |
| PGIM Jennison International Opportunities Fund | Foreign Large Cap Equities | 6 | 5.37% | — | Jun 2012 | PALDX vs PWJZX | |
| PGIM Jennison Small Company Fund | Small Cap Growth Equities | 58 | 14.83% | — | Jan 1990 | PALDX vs PGOAX |
Often Compared With PALDX
Investors most often compare PALDX with VBIAX, VONG, VOO. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare PALDX with Any Fund or Stock
Compare PALDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PALDX with funds that move differently
PGIM 60/40 Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PALDX.
Explore PALDX Diversifiers