MPBLX vs. AOBLX
MPBLX (BNY Mellon Asset Allocation Fund) and AOBLX (Victory Pioneer Balanced Fund Class A) are both Diversified Portfolio funds. Over the past 10 years, MPBLX returned 9.10%/yr vs 10.36%/yr for AOBLX. Their correlation of 0.94 suggests significant overlap in exposure. MPBLX charges 0.41%/yr vs 0.93%/yr for AOBLX.
Performance
MPBLX vs. AOBLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MPBLX achieves a 7.86% return, which is significantly lower than AOBLX's 14.19% return. Over the past 10 years, MPBLX has underperformed AOBLX with an annualized return of 9.10%, while AOBLX has yielded a comparatively higher 10.36% annualized return.
MPBLX
- 1D
- 0.84%
- 1M
- 1.17%
- YTD
- 7.86%
- 6M
- 7.52%
- 1Y
- 19.79%
- 3Y*
- 13.74%
- 5Y*
- 7.56%
- 10Y*
- 9.10%
AOBLX
- 1D
- 0.98%
- 1M
- 1.91%
- YTD
- 14.19%
- 6M
- 14.00%
- 1Y
- 33.04%
- 3Y*
- 16.90%
- 5Y*
- 9.62%
- 10Y*
- 10.36%
MPBLX vs. AOBLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPBLX BNY Mellon Asset Allocation Fund | 7.86% | 14.74% | 12.71% | 14.08% | -15.76% | 16.03% | 12.29% | 20.23% | -6.99% | 17.13% |
AOBLX Victory Pioneer Balanced Fund Class A | 14.19% | 19.59% | 9.46% | 15.00% | -14.64% | 15.10% | 13.15% | 21.75% | -4.63% | 14.99% |
Correlation
The correlation between MPBLX and AOBLX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000 | 0.94 |
The correlation between MPBLX and AOBLX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MPBLX vs. AOBLX — Risk / Return Rank
MPBLX
AOBLX
MPBLX vs. AOBLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Asset Allocation Fund (MPBLX) and Victory Pioneer Balanced Fund Class A (AOBLX). 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.
| MPBLX | AOBLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.61 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 5.08 | -2.50 |
| Martin ratioReturn relative to average drawdown | 11.27 | 23.52 | -12.24 |
Loading charts...
Drawdowns
MPBLX vs. AOBLX - Drawdown Comparison
The maximum MPBLX drawdown since its inception was -34.80%, smaller than the maximum AOBLX drawdown of -36.70%. Use the drawdown chart below to compare losses from any high point for MPBLX and AOBLX.
Loading charts...
Drawdown Indicators
| MPBLX | AOBLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.80% | -36.70% | +1.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | -6.42% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -13.38% | -13.52% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -20.48% | -0.82% |
Max Drawdown (10Y)Largest decline over 10 years | -26.82% | -24.31% | -2.51% |
Current DrawdownCurrent decline from peak | -0.32% | -0.27% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -3.81% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.38% | +0.36% |
Volatility
MPBLX vs. AOBLX - Volatility Comparison
BNY Mellon Asset Allocation Fund (MPBLX) and Victory Pioneer Balanced Fund Class A (AOBLX) have volatilities of 3.82% and 3.68%, 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.
Loading charts...
Volatility by Period
| MPBLX | AOBLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 3.68% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 7.84% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.85% | 9.94% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.69% | 11.15% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.23% | 11.34% | +0.89% |
MPBLX vs. AOBLX - Expense Ratio Comparison
MPBLX has a 0.41% expense ratio, which is lower than AOBLX's 0.93% expense ratio.
Dividends
MPBLX vs. AOBLX - Dividend Comparison
MPBLX's dividend yield for the trailing twelve months is around 5.86%, more than AOBLX's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOBLX Victory Pioneer Balanced Fund Class A | 3.16% | 3.48% | 2.28% | 1.52% | 2.97% | 8.33% | 4.31% | 5.78% | 9.70% | 9.22% | 2.51% | 3.97% |
MPBLX BNY Mellon Asset Allocation Fund | 5.86% | 6.32% | 4.50% | 1.59% | 11.58% | 6.64% | 1.59% | 7.43% | 6.78% | 4.52% | 2.70% | 7.02% |
Frequently Asked Questions
With a correlation of 0.93, MPBLX and AOBLX 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.
MPBLX has higher volatility (3.82%) compared to AOBLX (3.68%). In terms of maximum drawdown, MPBLX dropped -34.80% vs AOBLX's -36.70%.
AOBLX currently has the higher Sharpe Ratio (3.28 vs 1.99), 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.
Find the right allocation for MPBLX and AOBLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer