PABAX vs. ABALX
Compare and contrast key facts about Putnam Dynamic Asset Allocation Balanced Fund (PABAX) and American Funds American Balanced Fund Class A (ABALX).
PABAX is managed by Putnam. It was launched on Feb 6, 1994. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PABAX or ABALX.
Correlation
The correlation between PABAX and ABALX is 0.91, 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.
Performance
PABAX vs. ABALX - Performance Comparison
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Key characteristics
PABAX:
0.10
ABALX:
0.49
PABAX:
0.22
ABALX:
0.74
PABAX:
1.04
ABALX:
1.11
PABAX:
0.08
ABALX:
0.47
PABAX:
0.22
ABALX:
1.47
PABAX:
7.20%
ABALX:
4.24%
PABAX:
15.52%
ABALX:
12.70%
PABAX:
-45.94%
ABALX:
-39.31%
PABAX:
-9.19%
ABALX:
-4.59%
Returns By Period
The year-to-date returns for both stocks are quite close, with PABAX having a 2.35% return and ABALX slightly lower at 2.25%. Over the past 10 years, PABAX has underperformed ABALX with an annualized return of 2.32%, while ABALX has yielded a comparatively higher 5.19% annualized return.
PABAX
2.35%
7.13%
-7.19%
1.58%
4.80%
2.32%
ABALX
2.25%
5.68%
-3.26%
6.15%
7.49%
5.19%
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PABAX vs. ABALX - Expense Ratio Comparison
PABAX has a 0.94% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Risk-Adjusted Performance
PABAX vs. ABALX — Risk-Adjusted Performance Rank
PABAX
ABALX
PABAX vs. ABALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Dynamic Asset Allocation Balanced Fund (PABAX) and American Funds American Balanced Fund Class A (ABALX). 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.
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Dividends
PABAX vs. ABALX - Dividend Comparison
PABAX's dividend yield for the trailing twelve months is around 2.87%, less than ABALX's 7.05% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PABAX Putnam Dynamic Asset Allocation Balanced Fund | 2.87% | 2.44% | 1.63% | 1.42% | 1.02% | 1.35% | 1.81% | 1.90% | 1.42% | 1.50% | 1.56% | 6.65% |
ABALX American Funds American Balanced Fund Class A | 7.05% | 7.19% | 2.36% | 2.30% | 4.30% | 4.35% | 4.00% | 6.17% | 5.40% | 4.24% | 6.02% | 8.15% |
Drawdowns
PABAX vs. ABALX - Drawdown Comparison
The maximum PABAX drawdown since its inception was -45.94%, which is greater than ABALX's maximum drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for PABAX and ABALX. For additional features, visit the drawdowns tool.
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Volatility
PABAX vs. ABALX - Volatility Comparison
Putnam Dynamic Asset Allocation Balanced Fund (PABAX) and American Funds American Balanced Fund Class A (ABALX) have volatilities of 3.37% and 3.36%, 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.
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