PABFX vs. PABAX
Compare and contrast key facts about PGIM Balanced Fund (PABFX) and Putnam Dynamic Asset Allocation Balanced Fund (PABAX).
PABFX is managed by PGIM Investments. It was launched on Jan 3, 1993. PABAX is managed by Putnam. It was launched on Feb 6, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PABFX or PABAX.
Correlation
The correlation between PABFX and PABAX 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
PABFX vs. PABAX - Performance Comparison
Key characteristics
PABFX:
0.87
PABAX:
0.54
PABFX:
1.15
PABAX:
0.67
PABFX:
1.17
PABAX:
1.15
PABFX:
0.87
PABAX:
0.50
PABFX:
2.80
PABAX:
1.66
PABFX:
2.94%
PABAX:
4.20%
PABFX:
9.42%
PABAX:
13.03%
PABFX:
-45.40%
PABAX:
-44.43%
PABFX:
-5.16%
PABAX:
-8.31%
Returns By Period
In the year-to-date period, PABFX achieves a 2.97% return, which is significantly lower than PABAX's 3.34% return. Over the past 10 years, PABFX has outperformed PABAX with an annualized return of 3.29%, while PABAX has yielded a comparatively lower 2.55% annualized return.
PABFX
2.97%
0.95%
-0.79%
8.54%
3.84%
3.29%
PABAX
3.34%
0.99%
-2.96%
7.40%
2.87%
2.55%
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PABFX vs. PABAX - Expense Ratio Comparison
PABFX has a 0.78% expense ratio, which is lower than PABAX's 0.94% expense ratio.
Risk-Adjusted Performance
PABFX vs. PABAX — Risk-Adjusted Performance Rank
PABFX
PABAX
PABFX vs. PABAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Balanced Fund (PABFX) and Putnam Dynamic Asset Allocation Balanced Fund (PABAX). 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
PABFX vs. PABAX - Dividend Comparison
PABFX's dividend yield for the trailing twelve months is around 2.49%, more than PABAX's 2.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PABFX PGIM Balanced Fund | 2.49% | 2.57% | 2.35% | 2.10% | 1.74% | 1.46% | 1.72% | 1.87% | 1.44% | 1.82% | 1.59% | 1.63% |
PABAX Putnam Dynamic Asset Allocation Balanced Fund | 2.36% | 2.44% | 1.63% | 1.42% | 1.02% | 1.35% | 1.81% | 1.90% | 1.42% | 1.50% | 1.56% | 6.65% |
Drawdowns
PABFX vs. PABAX - Drawdown Comparison
The maximum PABFX drawdown since its inception was -45.40%, roughly equal to the maximum PABAX drawdown of -44.43%. Use the drawdown chart below to compare losses from any high point for PABFX and PABAX. For additional features, visit the drawdowns tool.
Volatility
PABFX vs. PABAX - Volatility Comparison
PGIM Balanced Fund (PABFX) and Putnam Dynamic Asset Allocation Balanced Fund (PABAX) have volatilities of 1.97% and 2.03%, 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.