PALDX vs. FHLKX

Last updated Jun 23, 2026

PALDX (PGIM 60/40 Allocation Fund) and FHLKX (Fidelity Health Savings Fund Class K) are both Diversified Portfolio funds. Over the past 5 years, PALDX returned 9.57%/yr vs 4.46%/yr for FHLKX. Their correlation of 0.85 suggests significant overlap in exposure. PALDX charges 0.03%/yr vs 0.37%/yr for FHLKX.

Performance

PALDX vs. FHLKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM 60/40 Allocation Fund (PALDX) and Fidelity Health Savings Fund Class K (FHLKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PALDX having a 7.39% return and FHLKX slightly lower at 7.13%.

PALDX

• 1D: 0.60%
• 1M: 0.94%
• YTD: 7.39%
• 6M: 7.16%
• 1Y: 20.27%
• 3Y*: 16.07%
• 5Y*: 9.57%
• 10Y*: —

FHLKX

• 1D: 0.68%
• 1M: 1.17%
• YTD: 7.13%
• 6M: 7.30%
• 1Y: 14.90%
• 3Y*: 10.22%
• 5Y*: 4.46%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PALDX vs. FHLKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PALDX PGIM 60/40 Allocation Fund	7.39%	13.62%	18.96%	18.90%	-15.65%	16.30%	14.33%
FHLKX Fidelity Health Savings Fund Class K	7.13%	12.17%	7.06%	9.82%	-14.79%	5.50%	10.70%

Correlation

The correlation between PALDX and FHLKX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Mar 6, 2020	0.85

The correlation between PALDX and FHLKX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

Return for Risk

PALDX vs. FHLKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PALDX

PALDX Risk / Return Rank: 81
PALDX Sharpe Ratio Rank: 80
PALDX Sortino Ratio Rank: 79
PALDX Omega Ratio Rank: 77
PALDX Calmar Ratio Rank: 79
PALDX Martin Ratio Rank: 88

FHLKX

FHLKX Risk / Return Rank: 79
FHLKX Sharpe Ratio Rank: 78
FHLKX Sortino Ratio Rank: 78
FHLKX Omega Ratio Rank: 80
FHLKX Calmar Ratio Rank: 78
FHLKX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PALDX vs. FHLKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM 60/40 Allocation Fund (PALDX) and Fidelity Health Savings Fund Class K (FHLKX). 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.

	PALDX	FHLKX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.38	+0.06
Sortino ratio: Return per unit of downside risk	3.45	3.38	+0.07
Omega ratio: Gain probability vs. loss probability	1.46	1.48	-0.02
Calmar ratio: Return relative to maximum drawdown	3.40	3.36	+0.04
Martin ratio: Return relative to average drawdown	15.74	14.39	+1.35

PALDX vs. FHLKX - Sharpe Ratio Comparison

The current PALDX Sharpe Ratio is 2.43, which is comparable to the FHLKX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of PALDX and FHLKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PALDX vs. FHLKX - Drawdown Comparison

The maximum PALDX drawdown since its inception was -26.16%, which is greater than FHLKX's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for PALDX and FHLKX.

Drawdown Indicators

	PALDX	FHLKX	Difference
Max Drawdown Largest peak-to-trough decline	-26.16%	-19.09%	-7.07%
Max Drawdown (1Y) Largest decline over 1 year	-5.96%	-4.42%	-1.54%
Max Drawdown (3Y) Largest decline over 3 years	-16.06%	-6.64%	-9.42%
Max Drawdown (5Y) Largest decline over 5 years	-20.47%	-19.09%	-1.38%
Current Drawdown Current decline from peak	-0.46%	-0.12%	-0.34%
Average Drawdown Average peak-to-trough decline	-4.07%	-4.79%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.29%	1.03%	+0.26%

Volatility

PALDX vs. FHLKX - Volatility Comparison

PGIM 60/40 Allocation Fund (PALDX) has a higher volatility of 3.29% compared to Fidelity Health Savings Fund Class K (FHLKX) at 2.65%. This indicates that PALDX's price experiences larger fluctuations and is considered to be riskier than FHLKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PALDX	FHLKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	2.65%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	6.78%	5.36%	+1.42%
Volatility (1Y) Calculated over the trailing 1-year period	8.34%	6.25%	+2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.17%	6.82%	+5.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.70%	7.31%	+5.39%

PALDX vs. FHLKX - Expense Ratio Comparison

PALDX has a 0.03% expense ratio, which is lower than FHLKX's 0.37% expense ratio.

Dividends

PALDX vs. FHLKX - Dividend Comparison

PALDX's dividend yield for the trailing twelve months is around 5.05%, more than FHLKX's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHLKX Fidelity Health Savings Fund Class K	2.88%	3.05%	3.01%	2.88%	3.85%	2.84%	1.73%	0.00%	0.00%	0.00%
PALDX PGIM 60/40 Allocation Fund	5.05%	5.42%	10.40%	2.94%	6.19%	6.87%	2.58%	4.58%	3.65%	1.48%

Frequently Asked Questions

Can I hold both PALDX and FHLKX in my portfolio?

PALDX and FHLKX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PALDX or FHLKX?

PALDX has higher volatility (3.29%) compared to FHLKX (2.65%). In terms of maximum drawdown, PALDX dropped -26.16% vs FHLKX's -19.09%.

Which has better risk-adjusted returns?

PALDX currently has the higher Sharpe Ratio (2.43 vs 2.38), 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.