PALDX vs. ALAAX
Compare and contrast key facts about PGIM 60/40 Allocation Fund (PALDX) and Invesco Income Allocation Fund (ALAAX).
PALDX is managed by PGIM. It was launched on Sep 12, 2017. ALAAX is managed by Invesco. It was launched on Oct 30, 2005.
Performance
PALDX vs. ALAAX - Performance Comparison
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PALDX vs. ALAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PALDX PGIM 60/40 Allocation Fund | -3.62% | 13.62% | 18.96% | 18.90% | -15.65% | 16.30% | 10.68% | 22.27% | -4.12% | 5.95% |
ALAAX Invesco Income Allocation Fund | -1.02% | 11.63% | 5.84% | 7.13% | -11.78% | 7.56% | 2.33% | 15.50% | -4.45% | 1.61% |
Returns By Period
In the year-to-date period, PALDX achieves a -3.62% return, which is significantly lower than ALAAX's -1.02% return.
PALDX
- 1D
- -0.22%
- 1M
- -5.44%
- YTD
- -3.62%
- 6M
- -1.03%
- 1Y
- 12.43%
- 3Y*
- 13.72%
- 5Y*
- 7.99%
- 10Y*
- —
ALAAX
- 1D
- 0.09%
- 1M
- -4.17%
- YTD
- -1.02%
- 6M
- 1.12%
- 1Y
- 9.07%
- 3Y*
- 6.98%
- 5Y*
- 3.11%
- 10Y*
- 4.40%
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PALDX vs. ALAAX - Expense Ratio Comparison
PALDX has a 0.03% expense ratio, which is lower than ALAAX's 0.37% expense ratio.
Return for Risk
PALDX vs. ALAAX — Risk / Return Rank
PALDX
ALAAX
PALDX vs. ALAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM 60/40 Allocation Fund (PALDX) and Invesco Income Allocation Fund (ALAAX). 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.
| PALDX | ALAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.39 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.97 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.66 | -0.24 |
Martin ratioReturn relative to average drawdown | 6.83 | 7.45 | -0.62 |
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
| PALDX | ALAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.39 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.47 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.70 | +0.01 |
Correlation
The correlation between PALDX and ALAAX is 0.81, 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
PALDX vs. ALAAX - Dividend Comparison
PALDX's dividend yield for the trailing twelve months is around 5.62%, more than ALAAX's 4.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PALDX PGIM 60/40 Allocation Fund | 5.62% | 5.42% | 10.40% | 2.94% | 6.19% | 6.87% | 2.58% | 4.58% | 3.65% | 1.48% | 0.00% | 0.00% |
ALAAX Invesco Income Allocation Fund | 4.31% | 4.22% | 4.13% | 4.07% | 3.53% | 3.19% | 4.07% | 6.98% | 3.91% | 3.36% | 3.66% | 3.16% |
Drawdowns
PALDX vs. ALAAX - Drawdown Comparison
The maximum PALDX drawdown since its inception was -26.16%, smaller than the maximum ALAAX drawdown of -28.28%. Use the drawdown chart below to compare losses from any high point for PALDX and ALAAX.
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Drawdown Indicators
| PALDX | ALAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.16% | -28.28% | +2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -5.28% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -17.16% | -3.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.08% | — |
Current DrawdownCurrent decline from peak | -5.96% | -4.17% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -3.32% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.17% | +0.53% |
Volatility
PALDX vs. ALAAX - Volatility Comparison
PGIM 60/40 Allocation Fund (PALDX) has a higher volatility of 3.05% compared to Invesco Income Allocation Fund (ALAAX) at 2.34%. This indicates that PALDX's price experiences larger fluctuations and is considered to be riskier than ALAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PALDX | ALAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.34% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 5.86% | 3.85% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 6.74% | +4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 6.68% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.75% | 7.28% | +5.47% |