PAEAX vs. VOO
Compare and contrast key facts about Putnam Dynamic Asset Allocation Growth Fund (PAEAX) and Vanguard S&P 500 ETF (VOO).
PAEAX is managed by Putnam. It was launched on Feb 7, 1994. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
PAEAX vs. VOO - Performance Comparison
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PAEAX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAEAX Putnam Dynamic Asset Allocation Growth Fund | -3.90% | 18.45% | 18.71% | 20.78% | -16.99% | 16.63% | 14.41% | 20.79% | -9.73% | 19.92% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, PAEAX achieves a -3.90% return, which is significantly higher than VOO's -4.42% return. Over the past 10 years, PAEAX has underperformed VOO with an annualized return of 9.89%, while VOO has yielded a comparatively higher 14.05% annualized return.
PAEAX
- 1D
- -0.14%
- 1M
- -6.93%
- YTD
- -3.90%
- 6M
- -1.22%
- 1Y
- 15.56%
- 3Y*
- 15.49%
- 5Y*
- 8.60%
- 10Y*
- 9.89%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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PAEAX vs. VOO - Expense Ratio Comparison
PAEAX has a 1.03% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
PAEAX vs. VOO — Risk / Return Rank
PAEAX
VOO
PAEAX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Dynamic Asset Allocation Growth Fund (PAEAX) and Vanguard S&P 500 ETF (VOO). 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.
| PAEAX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.98 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.52 | 1.50 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.53 | -0.19 |
Martin ratioReturn relative to average drawdown | 6.62 | 7.29 | -0.67 |
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
| PAEAX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.98 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.70 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.78 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.83 | -0.30 |
Correlation
The correlation between PAEAX and VOO is 0.95, 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
PAEAX vs. VOO - Dividend Comparison
PAEAX's dividend yield for the trailing twelve months is around 7.10%, more than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAEAX Putnam Dynamic Asset Allocation Growth Fund | 7.10% | 6.83% | 11.00% | 4.18% | 1.73% | 14.90% | 0.47% | 1.56% | 10.41% | 10.22% | 1.58% | 6.53% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
PAEAX vs. VOO - Drawdown Comparison
The maximum PAEAX drawdown since its inception was -53.25%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PAEAX and VOO.
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Drawdown Indicators
| PAEAX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.25% | -33.99% | -19.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -11.98% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -23.30% | -24.52% | +1.22% |
Max Drawdown (10Y)Largest decline over 10 years | -28.57% | -33.99% | +5.42% |
Current DrawdownCurrent decline from peak | -7.59% | -6.29% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -3.72% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.52% | -0.39% |
Volatility
PAEAX vs. VOO - Volatility Comparison
The current volatility for Putnam Dynamic Asset Allocation Growth Fund (PAEAX) is 4.13%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that PAEAX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAEAX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 5.29% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.80% | 9.44% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.81% | 18.10% | -3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 16.82% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 17.99% | -3.05% |