CTLAX vs. PALDX
CTLAX (American Funds College 2033 Fund) and PALDX (PGIM 60/40 Allocation Fund) are both Diversified Portfolio funds. Over the past 5 years, CTLAX returned 5.47%/yr vs 8.60%/yr for PALDX. Their correlation of 0.91 means they have usually moved in the same direction. CTLAX charges 0.42%/yr vs 0.03%/yr for PALDX.
Performance
CTLAX vs. PALDX - Performance Comparison
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Returns By Period
In the year-to-date period, CTLAX achieves a 4.48% return, which is significantly lower than PALDX's 6.89% return.
CTLAX
- 1D
- 0.00%
- 1M
- -0.29%
- 6M
- 2.68%
- YTD
- 4.48%
- 1Y
- 10.45%
- 3Y*
- 11.29%
- 5Y*
- 5.47%
- 10Y*
- 8.26%
- ALL TIME*
- 7.32%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CTLAX vs. PALDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CTLAX American Funds College 2033 Fund | 4.48% | 13.98% | 10.56% | 13.56% | -15.16% | 10.61% | 15.49% | 19.46% | -5.83% | 4.61% |
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 CTLAX and PALDX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017 | 0.91 |
The correlation between CTLAX and PALDX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
CTLAX vs. PALDX — Risk / Return Rank
CTLAX
PALDX
CTLAX vs. PALDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds College 2033 Fund (CTLAX) 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.
| CTLAX | PALDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.49 | -0.52 |
| Martin ratioReturn relative to average drawdown | 8.49 | 11.08 | -2.59 |
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Drawdowns
CTLAX vs. PALDX - Drawdown Comparison
The maximum CTLAX drawdown since its inception was -21.42%, smaller than the maximum PALDX drawdown of -26.16%. Use the drawdown chart below to compare losses from any high point for CTLAX and PALDX.
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Drawdown Indicators
| CTLAX | PALDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.42% | -26.16% | +4.74% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -5.96% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -7.00% | -16.06% | +9.06% |
Max Drawdown (5Y)Largest decline over 5 years | -21.42% | -20.47% | -0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -21.42% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.92% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -4.03% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.34% | -0.13% |
Volatility
CTLAX vs. PALDX - Volatility Comparison
The current volatility for American Funds College 2033 Fund (CTLAX) is 1.36%, while PGIM 60/40 Allocation Fund (PALDX) has a volatility of 2.38%. This indicates that CTLAX experiences smaller price fluctuations and is considered to be less risky than PALDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTLAX | PALDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 2.38% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.89% | 6.96% | -2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.09% | 8.59% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.79% | 12.19% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.95% | 12.65% | -2.70% |
CTLAX vs. PALDX - Expense Ratio Comparison
CTLAX has a 0.42% expense ratio, which is higher than PALDX's 0.03% expense ratio.
Dividends
CTLAX vs. PALDX - Dividend Comparison
CTLAX's dividend yield for the trailing twelve months is around 7.08%, more than PALDX's 5.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CTLAX American Funds College 2033 Fund | 7.08% | 7.40% | 3.80% | 2.43% | 4.56% | 11.46% | 6.06% | 4.75% | 4.36% | 2.19% | 2.26% |
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% |
Frequently Asked Questions
CTLAX and PALDX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PALDX has higher volatility (2.38%) compared to CTLAX (1.36%). In terms of maximum drawdown, CTLAX dropped -21.42% vs PALDX's -26.16%.
PALDX currently has the higher Sharpe Ratio (1.73 vs 1.68), 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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