PABAX vs. PABFX
Compare and contrast key facts about Putnam Dynamic Asset Allocation Balanced Fund (PABAX) and PGIM Balanced Fund (PABFX).
PABAX is managed by Putnam. It was launched on Feb 6, 1994. PABFX is managed by PGIM. It was launched on Jan 3, 1993.
Performance
PABAX vs. PABFX - Performance Comparison
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PABAX vs. PABFX - 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% |
PABFX PGIM Balanced Fund | -3.30% | 15.83% | 19.80% | 17.08% | -16.07% | 14.68% | 9.12% | 21.77% | -5.16% | 14.36% |
Returns By Period
The year-to-date returns for both investments are quite close, with PABAX having a -3.31% return and PABFX slightly higher at -3.30%. Over the past 10 years, PABAX has underperformed PABFX with an annualized return of 7.80%, while PABFX has yielded a comparatively higher 8.74% 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%
PABFX
- 1D
- -0.17%
- 1M
- -6.30%
- YTD
- -3.30%
- 6M
- -0.47%
- 1Y
- 13.40%
- 3Y*
- 14.35%
- 5Y*
- 7.75%
- 10Y*
- 8.74%
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PABAX vs. PABFX - Expense Ratio Comparison
PABAX has a 0.94% expense ratio, which is higher than PABFX's 0.78% expense ratio.
Return for Risk
PABAX vs. PABFX — Risk / Return Rank
PABAX
PABFX
PABAX vs. PABFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Dynamic Asset Allocation Balanced Fund (PABAX) and PGIM Balanced Fund (PABFX). 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 | PABFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.23 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.78 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.54 | -0.16 |
Martin ratioReturn relative to average drawdown | 6.72 | 6.98 | -0.25 |
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 | PABFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.23 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.65 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.76 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.67 | -0.04 |
Correlation
The correlation between PABAX and PABFX is 0.94, 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. PABFX - Dividend Comparison
PABAX's dividend yield for the trailing twelve months is around 6.95%, less than PABFX's 9.84% 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% |
PABFX PGIM Balanced Fund | 9.84% | 9.57% | 13.25% | 2.35% | 2.09% | 12.40% | 1.66% | 5.18% | 7.55% | 5.78% | 4.79% | 8.06% |
Drawdowns
PABAX vs. PABFX - Drawdown Comparison
The maximum PABAX drawdown since its inception was -45.92%, which is greater than PABFX's maximum drawdown of -40.90%. Use the drawdown chart below to compare losses from any high point for PABAX and PABFX.
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Drawdown Indicators
| PABAX | PABFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.92% | -40.90% | -5.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -8.13% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.98% | -21.24% | +0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -22.31% | -26.46% | +4.15% |
Current DrawdownCurrent decline from peak | -5.93% | -6.74% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -4.80% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.80% | -0.12% |
Volatility
PABAX vs. PABFX - Volatility Comparison
The current volatility for Putnam Dynamic Asset Allocation Balanced Fund (PABAX) is 3.33%, while PGIM Balanced Fund (PABFX) has a volatility of 3.53%. This indicates that PABAX experiences smaller price fluctuations and is considered to be less risky than PABFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PABAX | PABFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 3.53% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.08% | 6.25% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 11.09% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.52% | 11.90% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.77% | 11.55% | +0.22% |