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 Investments. It was launched on Jan 3, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PABAX or PABFX.
Correlation
The correlation between PABAX and PABFX is 0.92, 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. PABFX - Performance Comparison
Key characteristics
PABAX:
0.48
PABFX:
0.80
PABAX:
0.60
PABFX:
1.06
PABAX:
1.13
PABFX:
1.16
PABAX:
0.44
PABFX:
0.80
PABAX:
1.47
PABFX:
2.55
PABAX:
4.24%
PABFX:
2.96%
PABAX:
13.07%
PABFX:
9.46%
PABAX:
-44.43%
PABFX:
-45.40%
PABAX:
-9.21%
PABFX:
-5.95%
Returns By Period
In the year-to-date period, PABAX achieves a 2.33% return, which is significantly higher than PABFX's 2.12% return. Over the past 10 years, PABAX has underperformed PABFX with an annualized return of 2.43%, while PABFX has yielded a comparatively higher 3.18% annualized return.
PABAX
2.33%
-0.61%
-4.91%
4.74%
3.04%
2.43%
PABFX
2.12%
-0.39%
-2.62%
6.08%
4.08%
3.18%
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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.
Risk-Adjusted Performance
PABAX vs. PABFX — Risk-Adjusted Performance Rank
PABAX
PABFX
PABAX vs. PABFX - Risk-Adjusted Performance 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.
Dividends
PABAX vs. PABFX - Dividend Comparison
PABAX's dividend yield for the trailing twelve months is around 2.38%, less than PABFX's 2.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PABAX Putnam Dynamic Asset Allocation Balanced Fund | 2.38% | 2.44% | 1.63% | 1.42% | 1.02% | 1.35% | 1.81% | 1.90% | 1.42% | 1.50% | 1.56% | 6.65% |
PABFX PGIM Balanced Fund | 2.51% | 2.57% | 2.35% | 2.10% | 1.74% | 1.46% | 1.72% | 1.87% | 1.44% | 1.82% | 1.59% | 1.63% |
Drawdowns
PABAX vs. PABFX - Drawdown Comparison
The maximum PABAX drawdown since its inception was -44.43%, roughly equal to the maximum PABFX drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for PABAX and PABFX. For additional features, visit the drawdowns tool.
Volatility
PABAX vs. PABFX - Volatility Comparison
Putnam Dynamic Asset Allocation Balanced Fund (PABAX) has a higher volatility of 2.26% compared to PGIM Balanced Fund (PABFX) at 2.14%. This indicates that PABAX's price experiences larger fluctuations and is considered to be riskier than PABFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.