DBALX vs. AYBLX
DBALX (Davenport Balanced Income Fund) and AYBLX (Pioneer Balanced ESG Fund) are both Diversified Portfolio funds. Over the past 10 years, DBALX returned 5.78%/yr vs 10.59%/yr for AYBLX. Their correlation of 0.84 suggests significant overlap in exposure. DBALX charges 0.93%/yr vs 0.65%/yr for AYBLX.
Performance
DBALX vs. AYBLX - Performance Comparison
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Returns By Period
In the year-to-date period, DBALX achieves a 3.33% return, which is significantly lower than AYBLX's 14.22% return. Over the past 10 years, DBALX has underperformed AYBLX with an annualized return of 5.78%, while AYBLX has yielded a comparatively higher 10.59% annualized return.
DBALX
- 1D
- -0.15%
- 1M
- -0.50%
- YTD
- 3.33%
- 6M
- 3.38%
- 1Y
- 9.35%
- 3Y*
- 8.54%
- 5Y*
- 4.61%
- 10Y*
- 5.78%
AYBLX
- 1D
- 0.93%
- 1M
- 1.85%
- YTD
- 14.22%
- 6M
- 14.00%
- 1Y
- 33.22%
- 3Y*
- 17.09%
- 5Y*
- 9.89%
- 10Y*
- 10.59%
DBALX vs. AYBLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBALX Davenport Balanced Income Fund | 3.33% | 9.88% | 7.98% | 7.81% | -11.01% | 14.19% | 3.54% | 18.55% | -8.16% | 11.11% |
AYBLX Pioneer Balanced ESG Fund | 14.22% | 19.80% | 9.64% | 15.41% | -14.39% | 15.48% | 12.92% | 22.22% | -4.43% | 15.19% |
Correlation
The correlation between DBALX and AYBLX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.84 |
Over the past year, the correlation between DBALX and AYBLX has dropped to 0.60 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
DBALX vs. AYBLX — Risk / Return Rank
DBALX
AYBLX
DBALX vs. AYBLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Davenport Balanced Income Fund (DBALX) and Pioneer Balanced ESG Fund (AYBLX). 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.
| DBALX | AYBLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.61 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 5.12 | -3.29 |
| Martin ratioReturn relative to average drawdown | 6.27 | 23.78 | -17.51 |
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Drawdowns
DBALX vs. AYBLX - Drawdown Comparison
The maximum DBALX drawdown since its inception was -27.89%, smaller than the maximum AYBLX drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for DBALX and AYBLX.
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Drawdown Indicators
| DBALX | AYBLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.89% | -36.28% | +8.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.15% | -6.41% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -8.08% | -13.39% | +5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -15.41% | -20.26% | +4.85% |
Max Drawdown (10Y)Largest decline over 10 years | -27.89% | -24.24% | -3.65% |
Current DrawdownCurrent decline from peak | -1.75% | -0.32% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -3.78% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.38% | +0.11% |
Volatility
DBALX vs. AYBLX - Volatility Comparison
The current volatility for Davenport Balanced Income Fund (DBALX) is 2.24%, while Pioneer Balanced ESG Fund (AYBLX) has a volatility of 3.74%. This indicates that DBALX experiences smaller price fluctuations and is considered to be less risky than AYBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBALX | AYBLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 3.74% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.98% | 7.86% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.54% | 9.94% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.58% | 11.13% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.96% | 11.33% | -1.37% |
DBALX vs. AYBLX - Expense Ratio Comparison
DBALX has a 0.93% expense ratio, which is higher than AYBLX's 0.65% expense ratio.
Dividends
DBALX vs. AYBLX - Dividend Comparison
DBALX's dividend yield for the trailing twelve months is around 5.38%, more than AYBLX's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AYBLX Pioneer Balanced ESG Fund | 3.24% | 3.58% | 2.59% | 1.76% | 3.23% | 8.61% | 4.12% | 6.03% | 9.97% | 9.42% | 2.63% | 4.14% |
DBALX Davenport Balanced Income Fund | 5.38% | 5.28% | 3.73% | 2.19% | 4.24% | 1.59% | 2.00% | 2.73% | 2.03% | 2.37% | 1.04% | 0.00% |
Frequently Asked Questions
DBALX and AYBLX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AYBLX has higher volatility (3.74%) compared to DBALX (2.24%). In terms of maximum drawdown, DBALX dropped -27.89% vs AYBLX's -36.28%.
AYBLX currently has the higher Sharpe Ratio (3.30 vs 1.44), 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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