- ISIN
- US37252M1080
- CUSIP
- 37252M108
- Issuer
- Putnam
- Inception Date
- Nov 5, 1937
- Category
- Diversified Portfolio
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PGEOX Performance Chart
George Putnam Balanced Fund (PGEOX) is up 7.9% since the beginning of the year. PGEOX is currently trading at $29 per share. Investors who bought $1,000 worth of PGEOX shares 5 years ago would now be looking at an investment worth $1,571.
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Returns By Period
George Putnam Balanced Fund (PGEOX) has returned 7.88% so far this year and 20.45% over the past 12 months. Over the last ten years, PGEOX has returned 10.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
George Putnam Balanced Fund
- 1D
- 0.73%
- 1M
- 1.05%
- YTD
- 7.88%
- 6M
- 7.68%
- 1Y
- 20.45%
- 3Y*
- 16.99%
- 5Y*
- 9.46%
- 10Y*
- 10.15%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PGEOX Monthly Returns History
Based on dividend-adjusted daily data since Jan 30, 1970, PGEOX's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.
Historically, 61% of months were positive and 39% were negative. The best month was Oct 1974 with a return of +15.3%, while the worst month was Feb 1984 at -23.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 9 months.
On a daily basis, PGEOX closed higher 51% of trading days. The best single day was Dec 13, 1979 with a return of +7.5%, while the worst single day was Feb 24, 1984 at -16.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.08% | 0.37% | -3.51% | 6.72% | 3.74% | -0.45% | 7.88% | ||||||
| 2025 | 2.03% | -0.57% | -4.10% | -0.44% | 4.05% | 4.13% | 1.45% | 1.52% | 3.06% | 1.97% | 0.70% | -0.31% | 14.02% |
| 2024 | 1.48% | 3.12% | 2.67% | -3.46% | 3.99% | 2.69% | 1.27% | 1.63% | 2.28% | -1.40% | 7.46% | -2.33% | 20.65% |
| 2023 | 5.11% | -2.24% | 2.82% | 1.42% | 0.40% | 3.96% | 1.95% | -1.04% | -3.55% | -1.68% | 7.48% | 4.27% | 19.93% |
| 2022 | -3.93% | -2.56% | 0.72% | -6.59% | 0.54% | -5.79% | 6.75% | -3.52% | -7.41% | 4.75% | 2.93% | -3.92% | -17.59% |
| 2021 | -0.76% | 1.06% | 1.78% | 3.59% | 0.24% | 1.98% | 1.86% | 1.97% | -3.43% | 4.58% | -1.09% | 1.46% | 13.80% |
Benchmark Metrics
George Putnam Balanced Fund has an annualized alpha of 0.46%, beta of 0.58, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since January 30, 1970.
- This fund participated in 74.78% of S&P 500 Index downside but only 64.43% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.58 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
- 0.46%
- Beta
- 0.58
- R²
- 0.67
- Upside Capture
- 64.43%
- Downside Capture
- 74.78%
Expense Ratio
PGEOX has a high expense ratio of 0.94%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PGEOX ranks 80 for risk / return — better than 80% 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 George Putnam Balanced Fund (PGEOX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PGEOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.78 | +0.77 |
| Martin ratioReturn relative to average drawdown | 16.10 | 12.44 | +3.66 |
Dividends
Dividend History
George Putnam Balanced Fund provided a 7.60% dividend yield over the last twelve months, with an annual payout of $2.20 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.20 | $2.19 | $2.04 | $0.25 | $0.17 | $1.84 | $0.24 | $1.08 | $1.61 | $0.22 | $0.21 | $0.19 |
Dividend yield | 7.60% | 8.13% | 7.99% | 1.10% | 0.89% | 7.75% | 1.05% | 5.22% | 9.04% | 1.10% | 1.18% | 1.13% |
Monthly Dividends
The table displays the monthly dividend distributions for George Putnam Balanced 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 | $0.10 | $0.00 | $0.00 | $0.10 | ||||||
| 2025 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $1.91 | $2.19 |
| 2024 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $1.80 | $0.00 | $2.04 |
| 2023 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.25 |
| 2022 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.17 |
| 2021 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $1.73 | $0.00 | $1.84 |
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 George Putnam Balanced 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 George Putnam Balanced Fund was 50.63%, occurring on Nov 20, 2008. Recovery took 1121 trading sessions.
The current George Putnam Balanced Fund drawdown is 0.92%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -50.63%Nov 2008 | 1y 5mo | 4y 5mo | 5y 11moJun 2007 - May 2013 |
1974 bear market1974 | -48.64%Oct 1974 | 1y 8mo | 16y 6mo | 18y 3moJan 1973 - Apr 1991 |
COVID crash2020 | -23.00%Mar 2020 | 1mo 2d | 3mo 25d | 4mo 27dFeb 2020 - Jul 2020 |
Bear market2022 | -21.36%Oct 2022 | 11mo 9d | 1y 3mo | 2y 2moNov 2021 - Jan 2024 |
Dot-com crash2000–2002 | -20.59%Oct 2002 | 1y 4mo | 1y 1mo | 2y 5moJun 2001 - Nov 2003 |
Drawdown Indicators
| PGEOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.63% | -56.78% | +6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -9.10% | +3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -12.61% | -18.90% | +6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -21.36% | -25.43% | +4.07% |
Max Drawdown (10Y)Largest decline over 10 years | -23.00% | -33.92% | +10.92% |
Current DrawdownCurrent decline from peak | -0.92% | -1.80% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -11.73% | -10.71% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.03% | -0.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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