AOBLX vs. CBLAX
AOBLX (Victory Pioneer Balanced Fund Class A) and CBLAX (Columbia Balanced Fund Class A) are both Diversified Portfolio funds. Both are actively managed. Over the past 10 years, AOBLX returned 9.94%/yr vs 9.54%/yr for CBLAX. Their correlation of 0.95 suggests significant overlap in exposure. AOBLX charges 0.93%/yr vs 0.91%/yr for CBLAX.
Performance
AOBLX vs. CBLAX - Performance Comparison
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Returns By Period
In the year-to-date period, AOBLX achieves a 12.92% return, which is significantly higher than CBLAX's 5.81% return. Both investments have delivered pretty close results over the past 10 years, with AOBLX having a 9.94% annualized return and CBLAX not far behind at 9.54%.
AOBLX
- 1D
- -0.63%
- 1M
- -0.42%
- 6M
- 10.23%
- YTD
- 12.92%
- 1Y
- 27.47%
- 3Y*
- 16.11%
- 5Y*
- 8.81%
- 10Y*
- 9.94%
CBLAX
- 1D
- -0.67%
- 1M
- 1.13%
- 6M
- 4.78%
- YTD
- 5.81%
- 1Y
- 13.29%
- 3Y*
- 13.53%
- 5Y*
- 7.44%
- 10Y*
- 9.54%
AOBLX vs. CBLAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOBLX Victory Pioneer Balanced Fund Class A | 12.92% | 19.59% | 9.46% | 15.00% | -14.64% | 15.10% | 13.15% | 21.75% | -4.63% | 14.99% |
CBLAX Columbia Balanced Fund Class A | 5.81% | 13.86% | 14.30% | 21.20% | -16.84% | 14.64% | 17.59% | 22.75% | -5.98% | 14.01% |
Correlation
The correlation between AOBLX and CBLAX is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2002 | 0.95 |
The correlation between AOBLX and CBLAX has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.
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Return for Risk
AOBLX vs. CBLAX — Risk / Return Rank
AOBLX
CBLAX
AOBLX vs. CBLAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Pioneer Balanced Fund Class A (AOBLX) and Columbia Balanced Fund Class A (CBLAX). 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.
| AOBLX | CBLAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.28 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 2.01 | +2.29 |
| Martin ratioReturn relative to average drawdown | 19.75 | 8.20 | +11.55 |
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Drawdowns
AOBLX vs. CBLAX - Drawdown Comparison
The maximum AOBLX drawdown since its inception was -36.70%, which is greater than CBLAX's maximum drawdown of -34.71%. Use the drawdown chart below to compare losses from any high point for AOBLX and CBLAX.
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Drawdown Indicators
| AOBLX | CBLAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.70% | -34.71% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.42% | -6.69% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -13.52% | -12.11% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -21.05% | +0.57% |
Max Drawdown (10Y)Largest decline over 10 years | -24.31% | -22.75% | -1.56% |
Current DrawdownCurrent decline from peak | -1.52% | -0.85% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -3.54% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.64% | -0.25% |
Volatility
AOBLX vs. CBLAX - Volatility Comparison
Victory Pioneer Balanced Fund Class A (AOBLX) has a higher volatility of 3.10% compared to Columbia Balanced Fund Class A (CBLAX) at 2.94%. This indicates that AOBLX's price experiences larger fluctuations and is considered to be riskier than CBLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOBLX | CBLAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 2.94% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 7.21% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.03% | 8.86% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.17% | 11.19% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.33% | 11.36% | -0.03% |
AOBLX vs. CBLAX - Expense Ratio Comparison
AOBLX has a 0.93% expense ratio, which is higher than CBLAX's 0.91% expense ratio.
Dividends
AOBLX vs. CBLAX - Dividend Comparison
AOBLX's dividend yield for the trailing twelve months is around 3.20%, less than CBLAX's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOBLX Victory Pioneer Balanced Fund Class A | 3.20% | 3.48% | 2.28% | 1.52% | 2.97% | 8.33% | 4.31% | 5.78% | 9.70% | 9.22% | 2.51% | 3.97% |
CBLAX Columbia Balanced Fund Class A | 5.93% | 6.16% | 7.55% | 1.60% | 5.07% | 8.98% | 5.07% | 3.91% | 5.53% | 2.55% | 1.35% | 3.78% |
Frequently Asked Questions
AOBLX and CBLAX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOBLX has higher volatility (3.10%) compared to CBLAX (2.94%). In terms of maximum drawdown, AOBLX dropped -36.70% vs CBLAX's -34.71%.
AOBLX currently has the higher Sharpe Ratio (2.76 vs 1.52), 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.
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