CBALX vs. PGEOX
Compare and contrast key facts about Columbia Balanced Fund (CBALX) and George Putnam Balanced Fund (PGEOX).
CBALX is managed by Columbia Threadneedle. It was launched on Sep 30, 1991. PGEOX is managed by Putnam. It was launched on Nov 5, 1937.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBALX or PGEOX.
Key characteristics
| CBALX | PGEOX | |
|---|---|---|
| YTD Return | 15.54% | 18.17% |
| 1Y Return | 22.49% | 24.95% |
| 3Y Return (Ann) | 5.57% | 5.79% |
| 5Y Return (Ann) | 10.28% | 10.01% |
| 10Y Return (Ann) | 8.70% | 8.87% |
| Sharpe Ratio | 3.00 | 3.17 |
| Sortino Ratio | 4.28 | 4.49 |
| Omega Ratio | 1.57 | 1.60 |
| Calmar Ratio | 4.90 | 4.55 |
| Martin Ratio | 20.42 | 20.31 |
| Ulcer Index | 1.20% | 1.33% |
| Daily Std Dev | 8.17% | 8.50% |
| Max Drawdown | -35.45% | -49.24% |
| Current Drawdown | -0.25% | -0.59% |
Correlation
The correlation between CBALX and PGEOX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CBALX vs. PGEOX - Performance Comparison
In the year-to-date period, CBALX achieves a 15.54% return, which is significantly lower than PGEOX's 18.17% return. Both investments have delivered pretty close results over the past 10 years, with CBALX having a 8.70% annualized return and PGEOX not far ahead at 8.87%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CBALX vs. PGEOX - Expense Ratio Comparison
CBALX has a 0.67% expense ratio, which is lower than PGEOX's 0.94% expense ratio.
Risk-Adjusted Performance
CBALX vs. PGEOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Balanced Fund (CBALX) and George Putnam Balanced Fund (PGEOX). 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.
Dividends
CBALX vs. PGEOX - Dividend Comparison
CBALX's dividend yield for the trailing twelve months is around 1.86%, more than PGEOX's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBALX Columbia Balanced Fund | 1.86% | 1.84% | 1.51% | 0.86% | 1.25% | 1.69% | 1.74% | 1.29% | 1.26% | 2.12% | 1.09% | 0.97% |
PGEOX George Putnam Balanced Fund | 1.20% | 1.10% | 0.89% | 0.61% | 1.05% | 2.58% | 1.43% | 1.10% | 1.18% | 1.13% | 1.26% | 1.31% |
Drawdowns
CBALX vs. PGEOX - Drawdown Comparison
The maximum CBALX drawdown since its inception was -35.45%, smaller than the maximum PGEOX drawdown of -49.24%. Use the drawdown chart below to compare losses from any high point for CBALX and PGEOX. For additional features, visit the drawdowns tool.
Volatility
CBALX vs. PGEOX - Volatility Comparison
Columbia Balanced Fund (CBALX) and George Putnam Balanced Fund (PGEOX) have volatilities of 2.36% and 2.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.