PABAX vs. PGOYX
Compare and contrast key facts about Putnam Dynamic Asset Allocation Balanced Fund (PABAX) and Putnam Large Cap Growth Y (PGOYX).
PABAX is managed by Putnam. It was launched on Feb 6, 1994. PGOYX is managed by Putnam. It was launched on Aug 27, 1999.
Performance
PABAX vs. PGOYX - Performance Comparison
Loading graphics...
PABAX vs. PGOYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PABAX Putnam Dynamic Asset Allocation Balanced Fund | -1.48% | 14.90% | 15.25% | 15.80% | -15.76% | 13.25% | 11.81% | 17.31% | -7.21% | 15.21% |
PGOYX Putnam Large Cap Growth Y | -9.67% | 14.56% | 33.58% | 44.57% | -30.25% | 22.95% | 38.79% | 36.76% | 2.58% | 31.29% |
Returns By Period
In the year-to-date period, PABAX achieves a -1.48% return, which is significantly higher than PGOYX's -9.67% return. Over the past 10 years, PABAX has underperformed PGOYX with an annualized return of 8.00%, while PGOYX has yielded a comparatively higher 16.81% annualized return.
PABAX
- 1D
- 1.90%
- 1M
- -3.48%
- YTD
- -1.48%
- 6M
- 0.59%
- 1Y
- 13.86%
- 3Y*
- 12.85%
- 5Y*
- 6.77%
- 10Y*
- 8.00%
PGOYX
- 1D
- 3.70%
- 1M
- -5.89%
- YTD
- -9.67%
- 6M
- -9.44%
- 1Y
- 14.92%
- 3Y*
- 20.52%
- 5Y*
- 11.05%
- 10Y*
- 16.81%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PABAX vs. PGOYX - Expense Ratio Comparison
PABAX has a 0.94% expense ratio, which is higher than PGOYX's 0.65% expense ratio.
Return for Risk
PABAX vs. PGOYX — Risk / Return Rank
PABAX
PGOYX
PABAX vs. PGOYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Dynamic Asset Allocation Balanced Fund (PABAX) and Putnam Large Cap Growth Y (PGOYX). 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 | PGOYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 0.71 | +0.56 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.18 | +0.67 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 0.98 | +0.80 |
Martin ratioReturn relative to average drawdown | 8.53 | 3.34 | +5.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PABAX | PGOYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 0.71 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.51 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.80 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.32 | +0.31 |
Correlation
The correlation between PABAX and PGOYX is 0.90, 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. PGOYX - Dividend Comparison
PABAX's dividend yield for the trailing twelve months is around 6.82%, more than PGOYX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PABAX Putnam Dynamic Asset Allocation Balanced Fund | 6.82% | 7.60% | 10.79% | 1.63% | 6.10% | 11.51% | 1.35% | 1.81% | 8.72% | 6.15% | 2.39% | 7.06% |
PGOYX Putnam Large Cap Growth Y | 5.79% | 5.23% | 4.25% | 0.46% | 7.30% | 8.55% | 3.12% | 3.65% | 7.92% | 2.05% | 0.02% | 5.78% |
Drawdowns
PABAX vs. PGOYX - Drawdown Comparison
The maximum PABAX drawdown since its inception was -45.92%, smaller than the maximum PGOYX drawdown of -76.03%. Use the drawdown chart below to compare losses from any high point for PABAX and PGOYX.
Loading graphics...
Drawdown Indicators
| PABAX | PGOYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.92% | -76.03% | +30.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -16.34% | +8.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.98% | -34.01% | +13.03% |
Max Drawdown (10Y)Largest decline over 10 years | -22.31% | -34.01% | +11.70% |
Current DrawdownCurrent decline from peak | -4.15% | -13.24% | +9.09% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -31.72% | +26.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 4.78% | -3.08% |
Volatility
PABAX vs. PGOYX - Volatility Comparison
The current volatility for Putnam Dynamic Asset Allocation Balanced Fund (PABAX) is 3.96%, while Putnam Large Cap Growth Y (PGOYX) has a volatility of 6.88%. This indicates that PABAX experiences smaller price fluctuations and is considered to be less risky than PGOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PABAX | PGOYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 6.88% | -2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 12.72% | -6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 22.41% | -11.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.55% | 21.68% | -9.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.78% | 21.15% | -9.37% |