IMOAX vs. PALDX

Last updated Jun 25, 2026

IMOAX (Transamerica Asset Allocation Moderate Portfolio Fund) and PALDX (PGIM 60/40 Allocation Fund) are both Diversified Portfolio funds. Over the past 5 years, IMOAX returned 4.75%/yr vs 9.00%/yr for PALDX. Their correlation of 0.91 suggests significant overlap in exposure. IMOAX charges 0.47%/yr vs 0.03%/yr for PALDX.

Performance

IMOAX vs. PALDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transamerica Asset Allocation Moderate Portfolio Fund (IMOAX) and PGIM 60/40 Allocation Fund (PALDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IMOAX achieves a 4.18% return, which is significantly lower than PALDX's 6.25% return.

IMOAX

• 1D: -0.84%
• 1M: 0.15%
• YTD: 4.18%
• 6M: 3.56%
• 1Y: 12.71%
• 3Y*: 11.77%
• 5Y*: 4.75%
• 10Y*: 6.90%

PALDX

• 1D: -0.93%
• 1M: -0.13%
• YTD: 6.25%
• 6M: 5.43%
• 1Y: 17.31%
• 3Y*: 15.93%
• 5Y*: 9.00%
• 10Y*: —

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

IMOAX vs. PALDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMOAX Transamerica Asset Allocation Moderate Portfolio Fund	4.18%	14.86%	9.81%	12.66%	-16.03%	7.92%	14.66%	14.68%	-6.22%	2.78%
PALDX PGIM 60/40 Allocation Fund	6.25%	13.62%	18.96%	18.90%	-15.65%	16.30%	10.68%	22.27%	-4.12%	5.95%

Correlation

The correlation between IMOAX and PALDX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017	0.91

The correlation between IMOAX and PALDX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

IMOAX vs. PALDX — Risk / Return Rank

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

IMOAX

IMOAX Risk / Return Rank: 44
IMOAX Sharpe Ratio Rank: 41
IMOAX Sortino Ratio Rank: 42
IMOAX Omega Ratio Rank: 42
IMOAX Calmar Ratio Rank: 40
IMOAX Martin Ratio Rank: 52

PALDX

PALDX Risk / Return Rank: 72
PALDX Sharpe Ratio Rank: 69
PALDX Sortino Ratio Rank: 69
PALDX Omega Ratio Rank: 68
PALDX Calmar Ratio Rank: 72
PALDX Martin Ratio Rank: 83

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.

IMOAX vs. PALDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Asset Allocation Moderate Portfolio Fund (IMOAX) 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.

	IMOAX	PALDX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.19	-0.51
Sortino ratio: Return per unit of downside risk	2.43	3.11	-0.68
Omega ratio: Gain probability vs. loss probability	1.31	1.41	-0.10
Calmar ratio: Return relative to maximum drawdown	2.22	3.08	-0.86
Martin ratio: Return relative to average drawdown	9.68	14.21	-4.53

IMOAX vs. PALDX - Sharpe Ratio Comparison

The current IMOAX Sharpe Ratio is 1.68, which is comparable to the PALDX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of IMOAX and PALDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IMOAX vs. PALDX - Drawdown Comparison

The maximum IMOAX drawdown since its inception was -37.71%, which is greater than PALDX's maximum drawdown of -26.16%. Use the drawdown chart below to compare losses from any high point for IMOAX and PALDX.

Drawdown Indicators

	IMOAX	PALDX	Difference
Max Drawdown Largest peak-to-trough decline	-37.71%	-26.16%	-11.55%
Max Drawdown (1Y) Largest decline over 1 year	-6.18%	-5.96%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-9.37%	-16.06%	+6.69%
Max Drawdown (5Y) Largest decline over 5 years	-22.51%	-20.47%	-2.04%
Max Drawdown (10Y) Largest decline over 10 years	-22.51%	—	—
Current Drawdown Current decline from peak	-1.37%	-1.52%	+0.15%
Average Drawdown Average peak-to-trough decline	-4.90%	-4.07%	-0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.41%	1.29%	+0.12%

Volatility

IMOAX vs. PALDX - Volatility Comparison

The current volatility for Transamerica Asset Allocation Moderate Portfolio Fund (IMOAX) is 3.15%, while PGIM 60/40 Allocation Fund (PALDX) has a volatility of 3.35%. This indicates that IMOAX 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.

Volatility by Period

	IMOAX	PALDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	3.35%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	6.71%	6.79%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	8.17%	8.40%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.26%	12.18%	-2.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.97%	12.70%	-3.73%

IMOAX vs. PALDX - Expense Ratio Comparison

IMOAX has a 0.47% expense ratio, which is higher than PALDX's 0.03% expense ratio.

Dividends

IMOAX vs. PALDX - Dividend Comparison

IMOAX's dividend yield for the trailing twelve months is around 6.06%, more than PALDX's 5.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMOAX Transamerica Asset Allocation Moderate Portfolio Fund	6.06%	6.31%	4.98%	3.65%	1.55%	8.17%	4.08%	5.74%	10.16%	7.86%	5.53%	6.74%
PALDX PGIM 60/40 Allocation Fund	5.10%	5.42%	10.40%	2.94%	6.19%	6.87%	2.58%	4.58%	3.65%	1.48%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IMOAX and PALDX in my portfolio?

With a correlation of 0.95, IMOAX and PALDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IMOAX or PALDX?

PALDX has higher volatility (3.35%) compared to IMOAX (3.15%). In terms of maximum drawdown, IMOAX dropped -37.71% vs PALDX's -26.16%.

Which has better risk-adjusted returns?

PALDX currently has the higher Sharpe Ratio (2.19 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.