PALDX vs. CONWX
Compare and contrast key facts about PGIM 60/40 Allocation Fund (PALDX) and Concorde Wealth Management Fund (CONWX).
PALDX is managed by PGIM. It was launched on Sep 12, 2017. CONWX is managed by BlackRock. It was launched on Dec 3, 1987.
Performance
PALDX vs. CONWX - Performance Comparison
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PALDX vs. CONWX - 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% |
CONWX Concorde Wealth Management Fund | 8.18% | 11.95% | 13.58% | 0.20% | -2.51% | 19.73% | 8.76% | 16.84% | -1.95% | 2.60% |
Returns By Period
In the year-to-date period, PALDX achieves a -3.62% return, which is significantly lower than CONWX's 8.18% return.
PALDX
- 1D
- -0.22%
- 1M
- -5.44%
- YTD
- -3.62%
- 6M
- -1.03%
- 1Y
- 12.43%
- 3Y*
- 13.72%
- 5Y*
- 7.99%
- 10Y*
- —
CONWX
- 1D
- -0.62%
- 1M
- -1.70%
- YTD
- 8.18%
- 6M
- 11.51%
- 1Y
- 17.28%
- 3Y*
- 12.45%
- 5Y*
- 7.53%
- 10Y*
- 8.62%
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PALDX vs. CONWX - Expense Ratio Comparison
PALDX has a 0.03% expense ratio, which is lower than CONWX's 1.41% expense ratio.
Return for Risk
PALDX vs. CONWX — Risk / Return Rank
PALDX
CONWX
PALDX vs. CONWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM 60/40 Allocation Fund (PALDX) and Concorde Wealth Management Fund (CONWX). 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 | CONWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.70 | -0.59 |
Sortino ratioReturn per unit of downside risk | 1.65 | 2.36 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.99 | -0.57 |
Martin ratioReturn relative to average drawdown | 6.83 | 11.30 | -4.46 |
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 | CONWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.70 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.74 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.78 | -0.07 |
Correlation
The correlation between PALDX and CONWX is 0.72, 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. CONWX - Dividend Comparison
PALDX's dividend yield for the trailing twelve months is around 5.62%, more than CONWX's 3.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
CONWX Concorde Wealth Management Fund | 3.41% | 3.69% | 10.55% | 2.16% | 7.85% | 3.63% | 3.86% | 2.16% | 5.09% | 2.48% |
Drawdowns
PALDX vs. CONWX - Drawdown Comparison
The maximum PALDX drawdown since its inception was -26.16%, roughly equal to the maximum CONWX drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for PALDX and CONWX.
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Drawdown Indicators
| PALDX | CONWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.16% | -26.09% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -8.60% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -12.49% | -7.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.09% | — |
Current DrawdownCurrent decline from peak | -5.96% | -2.03% | -3.93% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -2.78% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.52% | +0.18% |
Volatility
PALDX vs. CONWX - Volatility Comparison
PGIM 60/40 Allocation Fund (PALDX) has a higher volatility of 3.05% compared to Concorde Wealth Management Fund (CONWX) at 2.12%. This indicates that PALDX's price experiences larger fluctuations and is considered to be riskier than CONWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PALDX | CONWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.12% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 5.86% | 5.43% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 10.70% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 10.26% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.75% | 11.15% | +1.60% |