EAOR vs. PBL

Last updated Jun 4, 2026

EAOR (iShares ESG Aware Growth Allocation ETF) and PBL (PGIM Portfolio Ballast ETF) are both Diversified Portfolio funds. EAOR is passively managed, while PBL is actively managed. Over the past 3 years, EAOR returned 13.83%/yr vs 15.09%/yr for PBL. Their correlation of 0.90 suggests significant overlap in exposure. EAOR charges 0.18%/yr vs 0.45%/yr for PBL.

Performance

EAOR vs. PBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Aware Growth Allocation ETF (EAOR) and PGIM Portfolio Ballast ETF (PBL). 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 EAOR having a 7.50% return and PBL slightly higher at 7.85%.

EAOR

• 1D: -0.65%
• 1M: 3.41%
• YTD: 7.50%
• 6M: 7.84%
• 1Y: 19.56%
• 3Y*: 13.83%
• 5Y*: 6.41%
• 10Y*: —

PBL

• 1D: -0.21%
• 1M: 4.07%
• YTD: 7.85%
• 6M: 8.56%
• 1Y: 19.49%
• 3Y*: 15.09%
• 5Y*: —
• 10Y*: —

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

EAOR vs. PBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EAOR iShares ESG Aware Growth Allocation ETF	7.50%	15.59%	10.69%	14.96%	-3.11%
PBL PGIM Portfolio Ballast ETF	7.85%	12.35%	16.70%	14.28%	-3.52%

Correlation

The correlation between EAOR and PBL is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 15, 2022	0.90

The correlation between EAOR and PBL has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

Return for Risk

EAOR vs. PBL — Risk / Return Rank

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

EAOR

EAOR Risk / Return Rank: 69
EAOR Sharpe Ratio Rank: 69
EAOR Sortino Ratio Rank: 72
EAOR Omega Ratio Rank: 71
EAOR Calmar Ratio Rank: 60
EAOR Martin Ratio Rank: 70

PBL

PBL Risk / Return Rank: 68
PBL Sharpe Ratio Rank: 67
PBL Sortino Ratio Rank: 68
PBL Omega Ratio Rank: 64
PBL Calmar Ratio Rank: 68
PBL Martin Ratio Rank: 72

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.

EAOR vs. PBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware Growth Allocation ETF (EAOR) and PGIM Portfolio Ballast ETF (PBL). 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.

	EAOR	PBL	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.21	+0.09
Sortino ratio: Return per unit of downside risk	3.30	3.10	+0.20
Omega ratio: Gain probability vs. loss probability	1.43	1.39	+0.04
Calmar ratio: Return relative to maximum drawdown	2.97	3.37	-0.40
Martin ratio: Return relative to average drawdown	13.04	13.56	-0.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EAOR vs. PBL - Sharpe Ratio Comparison

The current EAOR Sharpe Ratio is 2.30, which is comparable to the PBL Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of EAOR and PBL, 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

	EAOR	PBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.21	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.40	-0.53

Drawdowns

EAOR vs. PBL - Drawdown Comparison

The maximum EAOR drawdown since its inception was -22.91%, which is greater than PBL's maximum drawdown of -11.69%. Use the drawdown chart below to compare losses from any high point for EAOR and PBL.

Drawdown Indicators

	EAOR	PBL	Difference
Max Drawdown Largest peak-to-trough decline	-22.91%	-11.69%	-11.22%
Max Drawdown (1Y) Largest decline over 1 year	-6.62%	-5.82%	-0.80%
Max Drawdown (3Y) Largest decline over 3 years	-10.28%	-11.69%	+1.41%
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	—	—
Current Drawdown Current decline from peak	-0.65%	-0.21%	-0.44%
Average Drawdown Average peak-to-trough decline	-5.05%	-1.65%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.50%	1.44%	+0.06%

Volatility

EAOR vs. PBL - Volatility Comparison

iShares ESG Aware Growth Allocation ETF (EAOR) has a higher volatility of 2.79% compared to PGIM Portfolio Ballast ETF (PBL) at 2.51%. This indicates that EAOR's price experiences larger fluctuations and is considered to be riskier than PBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EAOR	PBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	2.51%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	6.90%	6.56%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	8.55%	8.87%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.52%	9.83%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.39%	9.83%	+0.56%

EAOR vs. PBL - Expense Ratio Comparison

EAOR has a 0.18% expense ratio, which is lower than PBL's 0.45% expense ratio.

Dividends

EAOR vs. PBL - Dividend Comparison

EAOR's dividend yield for the trailing twelve months is around 2.34%, more than PBL's 2.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EAOR iShares ESG Aware Growth Allocation ETF	2.34%	2.45%	2.52%	2.39%	1.99%	1.39%	1.07%
PBL PGIM Portfolio Ballast ETF	2.05%	2.21%	6.89%	7.92%	0.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EAOR and PBL in my portfolio?

EAOR and PBL have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EAOR or PBL?

EAOR has higher volatility (2.79%) compared to PBL (2.51%). In terms of maximum drawdown, EAOR dropped -22.91% vs PBL's -11.69%.

Which ETF is better, EAOR or PBL?

On 3-year performance, PBL leads with 15.09% vs 13.83% for EAOR. On fees, EAOR is cheaper at 0.18% per year. On volatility, PBL has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EAOR or PBL?

Over the 3-year period, PBL has performed better with a 15.09% return vs 13.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EAOR or PBL?

EAOR is cheaper with a 0.18% expense ratio, compared with 0.45% for PBL.

Which ETF pays a higher dividend yield, EAOR or PBL?

EAOR has the higher dividend yield at 2.34%, compared with 2.05% for PBL.

What is the main difference between EAOR and PBL?

They also come from different issuers: iShares and PGIM. Their fees differ too: 0.18% for EAOR and 0.45% for PBL.

Which has better risk-adjusted returns?

EAOR currently has the higher Sharpe Ratio (2.30 vs 2.21), 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.