PALDX vs. VONG
Compare and contrast key facts about PGIM 60/40 Allocation Fund (PALDX) and Vanguard Russell 1000 Growth ETF (VONG).
PALDX is managed by PGIM Funds (Prudential). It was launched on Sep 12, 2017. VONG is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Growth Index. It was launched on Sep 20, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PALDX or VONG.
Key characteristics
| PALDX | VONG | |
|---|---|---|
| YTD Return | 14.16% | 21.00% |
| 1Y Return | 22.25% | 33.21% |
| 3Y Return (Ann) | 6.00% | 9.44% |
| 5Y Return (Ann) | 9.27% | 18.74% |
| Sharpe Ratio | 2.39 | 1.83 |
| Daily Std Dev | 8.89% | 17.00% |
| Max Drawdown | -26.16% | -32.72% |
| Current Drawdown | 0.00% | -4.36% |
Correlation
The correlation between PALDX and VONG is 0.89, 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. VONG - Performance Comparison
In the year-to-date period, PALDX achieves a 14.16% return, which is significantly lower than VONG's 21.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PALDX vs. VONG - Expense Ratio Comparison
PALDX has a 0.03% expense ratio, which is lower than VONG's 0.08% 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. VONG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM 60/40 Allocation Fund (PALDX) and Vanguard Russell 1000 Growth ETF (VONG). 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. VONG - Dividend Comparison
PALDX's dividend yield for the trailing twelve months is around 2.58%, more than VONG's 0.63% 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% |
VONG Vanguard Russell 1000 Growth ETF | 0.63% | 0.71% | 0.98% | 0.58% | 0.77% | 1.03% | 1.18% | 1.19% | 1.48% | 1.47% | 1.43% | 1.28% |
Drawdowns
PALDX vs. VONG - Drawdown Comparison
The maximum PALDX drawdown since its inception was -26.16%, smaller than the maximum VONG drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for PALDX and VONG. For additional features, visit the drawdowns tool.
Volatility
PALDX vs. VONG - Volatility Comparison
The current volatility for PGIM 60/40 Allocation Fund (PALDX) is 2.42%, while Vanguard Russell 1000 Growth ETF (VONG) has a volatility of 5.57%. This indicates that PALDX experiences smaller price fluctuations and is considered to be less risky than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.