AADAX vs. PALDX

Last updated Aug 4, 2026

AADAX (Invesco Select Risk: Growth Investor Fund) and PALDX (PGIM 60/40 Allocation Fund) are both Diversified Portfolio funds. Over the past 5 years, AADAX returned 5.74%/yr vs 8.60%/yr for PALDX. Their correlation of 0.91 means they have usually moved in the same direction. AADAX charges 0.43%/yr vs 0.03%/yr for PALDX.

Performance

AADAX vs. PALDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Select Risk: Growth Investor Fund (AADAX) and PGIM 60/40 Allocation Fund (PALDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AADAX achieves a 10.30% return, which is significantly higher than PALDX's 6.89% return.

AADAX

• 1D: 0.22%
• 1M: -0.11%
• 6M: 6.84%
• YTD: 10.30%
• 1Y: 19.48%
• 3Y*: 12.87%
• 5Y*: 5.74%
• 10Y*: 8.02%
• ALL TIME*: 6.54%

PALDX

• 1D: 0.33%
• 1M: 0.00%
• 6M: 4.88%
• YTD: 6.89%
• 1Y: 15.61%
• 3Y*: 15.04%
• 5Y*: 8.60%
• 10Y*: —
• ALL TIME*: 9.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AADAX Invesco Select Risk: Growth Investor Fund	$0.00	$0.00	$0.00
PALDX PGIM 60/40 Allocation Fund	$0.00	$0.00	$0.00

AADAX vs. PALDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AADAX Invesco Select Risk: Growth Investor Fund	10.30%	15.52%	9.61%	13.38%	-18.74%	13.66%	11.79%	20.63%	-8.29%	4.51%
PALDX PGIM 60/40 Allocation Fund	6.89%	13.62%	18.96%	18.90%	-15.65%	16.30%	10.68%	22.27%	-4.12%	5.95%

Correlation

The correlation between AADAX and PALDX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017	0.91

The correlation between AADAX and PALDX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

AADAX vs. PALDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AADAX

AADAX Risk / Return Rank: 63
AADAX Sharpe Ratio Rank: 59
AADAX Sortino Ratio Rank: 57
AADAX Omega Ratio Rank: 55
AADAX Calmar Ratio Rank: 68
AADAX Martin Ratio Rank: 75

PALDX

PALDX Risk / Return Rank: 73
PALDX Sharpe Ratio Rank: 70
PALDX Sortino Ratio Rank: 70
PALDX Omega Ratio Rank: 68
PALDX Calmar Ratio Rank: 74
PALDX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AADAX vs. PALDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Select Risk: Growth Investor Fund (AADAX) and PGIM 60/40 Allocation Fund (PALDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AADAX	PALDX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.73	-0.16
Sortino ratio: Return per unit of downside risk	2.21	2.48	-0.27
Omega ratio: Gain probability vs. loss probability	1.28	1.31	-0.03
Calmar ratio: Return relative to maximum drawdown	2.36	2.49	-0.13
Martin ratio: Return relative to average drawdown	9.64	11.08	-1.44

AADAX vs. PALDX - Sharpe Ratio Comparison

The current AADAX Sharpe Ratio is 1.57, which is comparable to the PALDX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of AADAX and PALDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AADAX vs. PALDX - Drawdown Comparison

The maximum AADAX drawdown since its inception was -55.79%, which is greater than PALDX's maximum drawdown of -26.16%. Use the drawdown chart below to compare losses from any high point for AADAX and PALDX.

Drawdown Indicators

	AADAX	PALDX	Difference
Max Drawdown Largest peak-to-trough decline	-55.79%	-26.16%	-29.63%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-5.96%	-1.86%
Max Drawdown (3Y) Largest decline over 3 years	-13.66%	-16.06%	+2.40%
Max Drawdown (5Y) Largest decline over 5 years	-26.59%	-20.47%	-6.12%
Max Drawdown (10Y) Largest decline over 10 years	-31.26%	—	—
Current Drawdown Current decline from peak	-1.55%	-0.92%	-0.63%
Average Drawdown Average peak-to-trough decline	-8.48%	-4.03%	-4.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.34%	+0.57%

Volatility

AADAX vs. PALDX - Volatility Comparison

Invesco Select Risk: Growth Investor Fund (AADAX) has a higher volatility of 2.94% compared to PGIM 60/40 Allocation Fund (PALDX) at 2.38%. This indicates that AADAX's price experiences larger fluctuations and is considered to be riskier than PALDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AADAX	PALDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	2.38%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	9.62%	6.96%	+2.66%
Volatility (1Y) Calculated over the trailing 1-year period	11.80%	8.59%	+3.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.97%	12.19%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.64%	12.65%	+0.99%

AADAX vs. PALDX - Expense Ratio Comparison

AADAX has a 0.43% expense ratio, which is higher than PALDX's 0.03% expense ratio.

Dividends

AADAX vs. PALDX - Dividend Comparison

AADAX's dividend yield for the trailing twelve months is around 3.61%, less than PALDX's 5.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AADAX Invesco Select Risk: Growth Investor Fund	3.61%	3.98%	4.66%	2.08%	5.87%	6.35%	11.65%	9.73%	2.44%	1.83%	1.13%	1.59%
PALDX PGIM 60/40 Allocation Fund	5.07%	5.42%	10.40%	2.94%	6.19%	6.87%	2.58%	4.58%	3.65%	1.48%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AADAX and PALDX in my portfolio?

With a correlation of 0.95, AADAX and PALDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AADAX or PALDX?

AADAX has higher volatility (2.94%) compared to PALDX (2.38%). In terms of maximum drawdown, AADAX dropped -55.79% vs PALDX's -26.16%.

Which has better risk-adjusted returns?

PALDX currently has the higher Sharpe Ratio (1.73 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.