PALDX vs. VBIAX
Compare and contrast key facts about PGIM 60/40 Allocation Fund (PALDX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX).
PALDX is managed by PGIM Funds (Prudential). It was launched on Sep 12, 2017. VBIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PALDX or VBIAX.
Key characteristics
| PALDX | VBIAX | |
|---|---|---|
| YTD Return | 14.16% | 12.58% |
| 1Y Return | 21.32% | 19.48% |
| 3Y Return (Ann) | 5.90% | 4.33% |
| 5Y Return (Ann) | 9.29% | 9.01% |
| Sharpe Ratio | 2.44 | 2.25 |
| Daily Std Dev | 8.91% | 8.90% |
| Max Drawdown | -26.16% | -35.90% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PALDX and VBIAX 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.
Performance
PALDX vs. VBIAX - Performance Comparison
In the year-to-date period, PALDX achieves a 14.16% return, which is significantly higher than VBIAX's 12.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PALDX vs. VBIAX - Expense Ratio Comparison
PALDX has a 0.03% expense ratio, which is lower than VBIAX's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
PALDX vs. VBIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM 60/40 Allocation Fund (PALDX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX). 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.
Dividends
PALDX vs. VBIAX - Dividend Comparison
PALDX's dividend yield for the trailing twelve months is around 2.58%, less than VBIAX's 4.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PALDX PGIM 60/40 Allocation Fund | 2.58% | 2.94% | 6.19% | 6.87% | 2.58% | 4.58% | 3.65% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% |
VBIAX Vanguard Balanced Index Fund Admiral Shares | 4.19% | 4.35% | 2.83% | 3.19% | 2.65% | 2.28% | 2.32% | 1.95% | 2.09% | 2.09% | 1.92% | 1.85% |
Drawdowns
PALDX vs. VBIAX - Drawdown Comparison
The maximum PALDX drawdown since its inception was -26.16%, smaller than the maximum VBIAX drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for PALDX and VBIAX. For additional features, visit the drawdowns tool.
Volatility
PALDX vs. VBIAX - Volatility Comparison
PGIM 60/40 Allocation Fund (PALDX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX) have volatilities of 2.53% and 2.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.