ALIBX vs. PALDX

Last updated Jun 4, 2026

ALIBX (ALPS/Smith Balanced Opportunity Fund) and PALDX (PGIM 60/40 Allocation Fund) are both Diversified Portfolio funds. Over the past 5 years, ALIBX returned 7.55%/yr vs 9.57%/yr for PALDX. Their correlation of 0.95 suggests significant overlap in exposure. ALIBX charges 1.12%/yr vs 0.03%/yr for PALDX.

Performance

ALIBX vs. PALDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Smith Balanced Opportunity Fund (ALIBX) and PGIM 60/40 Allocation Fund (PALDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ALIBX having a 7.75% return and PALDX slightly higher at 7.89%.

ALIBX

• 1D: 0.07%
• 1M: 2.87%
• YTD: 7.75%
• 6M: 7.85%
• 1Y: 21.06%
• 3Y*: 14.56%
• 5Y*: 7.55%
• 10Y*: —

PALDX

• 1D: 0.00%
• 1M: 3.48%
• YTD: 7.89%
• 6M: 8.39%
• 1Y: 20.92%
• 3Y*: 17.10%
• 5Y*: 9.57%
• 10Y*: —

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

ALIBX vs. PALDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ALIBX ALPS/Smith Balanced Opportunity Fund	7.75%	12.89%	14.89%	16.01%	-16.24%	15.50%	8.25%
PALDX PGIM 60/40 Allocation Fund	7.89%	13.62%	18.96%	18.90%	-15.65%	16.30%	7.72%

Correlation

The correlation between ALIBX and PALDX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Oct 7, 2020	0.95

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

Return for Risk

ALIBX vs. PALDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALIBX

ALIBX Risk / Return Rank: 67
ALIBX Sharpe Ratio Rank: 69
ALIBX Sortino Ratio Rank: 70
ALIBX Omega Ratio Rank: 64
ALIBX Calmar Ratio Rank: 62
ALIBX Martin Ratio Rank: 72

PALDX

PALDX Risk / Return Rank: 83
PALDX Sharpe Ratio Rank: 84
PALDX Sortino Ratio Rank: 83
PALDX Omega Ratio Rank: 79
PALDX Calmar Ratio Rank: 80
PALDX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALIBX vs. PALDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Balanced Opportunity Fund (ALIBX) 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.

	ALIBX	PALDX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.73	-0.30
Sortino ratio: Return per unit of downside risk	3.50	3.92	-0.42
Omega ratio: Gain probability vs. loss probability	1.45	1.52	-0.07
Calmar ratio: Return relative to maximum drawdown	3.02	3.62	-0.60
Martin ratio: Return relative to average drawdown	13.77	17.16	-3.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALIBX vs. PALDX - Sharpe Ratio Comparison

The current ALIBX Sharpe Ratio is 2.43, which is comparable to the PALDX Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of ALIBX 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.

Sharpe Ratios by Period

	ALIBX	PALDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.73	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.79	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.81	+0.09

Drawdowns

ALIBX vs. PALDX - Drawdown Comparison

The maximum ALIBX drawdown since its inception was -20.38%, smaller than the maximum PALDX drawdown of -26.16%. Use the drawdown chart below to compare losses from any high point for ALIBX and PALDX.

Drawdown Indicators

	ALIBX	PALDX	Difference
Max Drawdown Largest peak-to-trough decline	-20.38%	-26.16%	+5.78%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-5.96%	-1.17%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-16.06%	+3.41%
Max Drawdown (5Y) Largest decline over 5 years	-20.38%	-20.47%	+0.09%
Current Drawdown Current decline from peak	-0.44%	0.00%	-0.44%
Average Drawdown Average peak-to-trough decline	-4.75%	-4.09%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	1.25%	+0.31%

Volatility

ALIBX vs. PALDX - Volatility Comparison

ALPS/Smith Balanced Opportunity Fund (ALIBX) has a higher volatility of 2.69% compared to PGIM 60/40 Allocation Fund (PALDX) at 2.30%. This indicates that ALIBX'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

	ALIBX	PALDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	2.30%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	7.10%	6.18%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	8.86%	7.89%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.17%	12.11%	-0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.01%	12.69%	-1.68%

ALIBX vs. PALDX - Expense Ratio Comparison

ALIBX has a 1.12% expense ratio, which is higher than PALDX's 0.03% expense ratio.

Dividends

ALIBX vs. PALDX - Dividend Comparison

ALIBX's dividend yield for the trailing twelve months is around 8.45%, more than PALDX's 5.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALIBX ALPS/Smith Balanced Opportunity Fund	8.45%	9.14%	10.61%	1.37%	1.08%	0.56%	0.12%	0.00%	0.00%	0.00%
PALDX PGIM 60/40 Allocation Fund	5.02%	5.42%	10.40%	2.94%	6.19%	6.87%	2.58%	4.58%	3.65%	1.48%

Frequently Asked Questions

Can I hold both ALIBX and PALDX in my portfolio?

With a correlation of 0.91, ALIBX 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, ALIBX or PALDX?

ALIBX has higher volatility (2.69%) compared to PALDX (2.30%). In terms of maximum drawdown, ALIBX dropped -20.38% vs PALDX's -26.16%.

Which has better risk-adjusted returns?

PALDX currently has the higher Sharpe Ratio (2.73 vs 2.43), 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.