PABAX vs. AAAAX
Compare and contrast key facts about Putnam Dynamic Asset Allocation Balanced Fund (PABAX) and DWS RREEF Real Assets Fund - Class A (AAAAX).
PABAX is managed by Putnam. It was launched on Feb 6, 1994. AAAAX is managed by DWS. It was launched on Jul 30, 2007.
Performance
PABAX vs. AAAAX - Performance Comparison
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PABAX vs. AAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PABAX Putnam Dynamic Asset Allocation Balanced Fund | -3.31% | 14.90% | 15.25% | 15.80% | -15.76% | 13.25% | 11.81% | 17.31% | -7.21% | 15.21% |
AAAAX DWS RREEF Real Assets Fund - Class A | 8.59% | 12.82% | 5.24% | 2.30% | -9.91% | 23.45% | 3.71% | 21.42% | -5.36% | 14.67% |
Returns By Period
In the year-to-date period, PABAX achieves a -3.31% return, which is significantly lower than AAAAX's 8.59% return. Over the past 10 years, PABAX has outperformed AAAAX with an annualized return of 7.80%, while AAAAX has yielded a comparatively lower 7.28% annualized return.
PABAX
- 1D
- 0.00%
- 1M
- -5.49%
- YTD
- -3.31%
- 6M
- -1.11%
- 1Y
- 12.17%
- 3Y*
- 12.14%
- 5Y*
- 6.57%
- 10Y*
- 7.80%
AAAAX
- 1D
- 0.36%
- 1M
- -4.37%
- YTD
- 8.59%
- 6M
- 10.72%
- 1Y
- 16.80%
- 3Y*
- 9.80%
- 5Y*
- 6.74%
- 10Y*
- 7.28%
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PABAX vs. AAAAX - Expense Ratio Comparison
PABAX has a 0.94% expense ratio, which is lower than AAAAX's 1.22% expense ratio.
Return for Risk
PABAX vs. AAAAX — Risk / Return Rank
PABAX
AAAAX
PABAX vs. AAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Dynamic Asset Allocation Balanced Fund (PABAX) and DWS RREEF Real Assets Fund - Class A (AAAAX). 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.
| PABAX | AAAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.49 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.62 | 2.00 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.80 | -0.41 |
Martin ratioReturn relative to average drawdown | 6.72 | 9.69 | -2.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PABAX | AAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.49 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.56 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.58 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.38 | +0.24 |
Correlation
The correlation between PABAX and AAAAX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PABAX vs. AAAAX - Dividend Comparison
PABAX's dividend yield for the trailing twelve months is around 6.95%, more than AAAAX's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PABAX Putnam Dynamic Asset Allocation Balanced Fund | 6.95% | 7.60% | 10.79% | 1.63% | 6.10% | 11.51% | 1.35% | 1.81% | 8.72% | 6.15% | 2.39% | 7.06% |
AAAAX DWS RREEF Real Assets Fund - Class A | 3.26% | 3.54% | 2.45% | 2.08% | 4.17% | 2.31% | 1.33% | 1.81% | 1.61% | 1.52% | 1.47% | 2.15% |
Drawdowns
PABAX vs. AAAAX - Drawdown Comparison
The maximum PABAX drawdown since its inception was -45.92%, which is greater than AAAAX's maximum drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for PABAX and AAAAX.
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Drawdown Indicators
| PABAX | AAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.92% | -40.47% | -5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -9.55% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -20.98% | -22.62% | +1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -22.31% | -29.41% | +7.10% |
Current DrawdownCurrent decline from peak | -5.93% | -4.57% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -6.89% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.77% | -0.09% |
Volatility
PABAX vs. AAAAX - Volatility Comparison
Putnam Dynamic Asset Allocation Balanced Fund (PABAX) has a higher volatility of 3.33% compared to DWS RREEF Real Assets Fund - Class A (AAAAX) at 3.03%. This indicates that PABAX's price experiences larger fluctuations and is considered to be riskier than AAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PABAX | AAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 3.03% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 6.08% | 7.22% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 11.60% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.52% | 12.18% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.77% | 12.66% | -0.89% |