PAFGX vs. DPREX
PAFGX (T. Rowe Price Global Allocation Fund) and DPREX (Delaware Global Listed Real Assets Fund) are both Global Allocation funds. Over the past 10 years, PAFGX returned 7.71%/yr vs 5.39%/yr for DPREX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. PAFGX charges 1.02%/yr vs 1.31%/yr for DPREX.
Performance
PAFGX vs. DPREX - Performance Comparison
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Returns By Period
In the year-to-date period, PAFGX achieves a 7.24% return, which is significantly lower than DPREX's 9.40% return. Over the past 10 years, PAFGX has outperformed DPREX with an annualized return of 7.71%, while DPREX has yielded a comparatively lower 5.39% annualized return.
PAFGX
- 1D
- 0.29%
- 1M
- 0.18%
- 6M
- 4.35%
- YTD
- 7.24%
- 1Y
- 15.48%
- 3Y*
- 11.74%
- 5Y*
- 5.60%
- 10Y*
- 7.71%
- ALL TIME*
- 7.10%
DPREX
- 1D
- -0.47%
- 1M
- 1.30%
- 6M
- 5.41%
- YTD
- 9.40%
- 1Y
- 19.21%
- 3Y*
- 9.65%
- 5Y*
- 6.08%
- 10Y*
- 5.39%
- ALL TIME*
- 9.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PAFGX vs. DPREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAFGX T. Rowe Price Global Allocation Fund | 7.24% | 14.75% | 9.43% | 13.48% | -14.80% | 8.83% | 14.45% | 19.91% | -7.15% | 15.77% |
DPREX Delaware Global Listed Real Assets Fund | 9.40% | 18.95% | -1.23% | 7.01% | -7.07% | 19.08% | 1.22% | 30.71% | -7.79% | 1.00% |
Correlation
The correlation between PAFGX and DPREX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.65 |
The correlation between PAFGX and DPREX shifts across timeframes, from 0.60 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PAFGX vs. DPREX — Risk / Return Rank
PAFGX
DPREX
PAFGX vs. DPREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Allocation Fund (PAFGX) and Delaware Global Listed Real Assets Fund (DPREX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PAFGX | DPREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.45 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 3.86 | -1.67 |
| Martin ratioReturn relative to average drawdown | 9.27 | 13.78 | -4.50 |
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Drawdowns
PAFGX vs. DPREX - Drawdown Comparison
The maximum PAFGX drawdown since its inception was -24.45%, smaller than the maximum DPREX drawdown of -71.95%. Use the drawdown chart below to compare losses from any high point for PAFGX and DPREX.
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Drawdown Indicators
| PAFGX | DPREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.45% | -71.95% | +47.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -5.00% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -9.63% | -10.99% | +1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -19.04% | -2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -24.45% | -31.40% | +6.95% |
Current DrawdownCurrent decline from peak | -0.47% | -1.11% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -10.72% | +6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.40% | +0.20% |
Volatility
PAFGX vs. DPREX - Volatility Comparison
T. Rowe Price Global Allocation Fund (PAFGX) has a higher volatility of 2.41% compared to Delaware Global Listed Real Assets Fund (DPREX) at 1.86%. This indicates that PAFGX's price experiences larger fluctuations and is considered to be riskier than DPREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAFGX | DPREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 1.86% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 6.21% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.53% | 7.84% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.57% | 10.45% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.19% | 13.08% | -2.89% |
PAFGX vs. DPREX - Expense Ratio Comparison
PAFGX has a 1.02% expense ratio, which is lower than DPREX's 1.31% expense ratio.
Dividends
PAFGX vs. DPREX - Dividend Comparison
PAFGX's dividend yield for the trailing twelve months is around 6.29%, more than DPREX's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DPREX Delaware Global Listed Real Assets Fund | 2.51% | 2.60% | 2.46% | 1.73% | 14.25% | 5.80% | 1.71% | 3.87% | 2.49% | 3.69% | 22.78% | 12.98% |
PAFGX T. Rowe Price Global Allocation Fund | 6.29% | 6.75% | 5.00% | 2.32% | 2.74% | 7.14% | 0.79% | 2.92% | 2.26% | 0.75% | 0.36% | 1.62% |
Frequently Asked Questions
PAFGX and DPREX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAFGX has higher volatility (2.41%) compared to DPREX (1.86%). In terms of maximum drawdown, PAFGX dropped -24.45% vs DPREX's -71.95%.
DPREX currently has the higher Sharpe Ratio (2.47 vs 1.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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