PALDX vs. VOO
Compare and contrast key facts about PGIM 60/40 Allocation Fund (PALDX) and Vanguard S&P 500 ETF (VOO).
PALDX is managed by PGIM Funds (Prudential). It was launched on Sep 12, 2017. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PALDX or VOO.
Key characteristics
| PALDX | VOO | |
|---|---|---|
| YTD Return | 15.39% | 20.99% |
| 1Y Return | 24.43% | 31.67% |
| 3Y Return (Ann) | 6.71% | 11.17% |
| 5Y Return (Ann) | 9.50% | 15.70% |
| Sharpe Ratio | 2.66 | 2.39 |
| Daily Std Dev | 8.93% | 12.74% |
| Max Drawdown | -26.16% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PALDX and VOO is 0.94, 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. VOO - Performance Comparison
In the year-to-date period, PALDX achieves a 15.39% return, which is significantly lower than VOO's 20.99% 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. VOO - Expense Ratio Comparison
Both PALDX and VOO have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
PALDX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM 60/40 Allocation Fund (PALDX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PALDX's dividend yield for the trailing twelve months is around 2.55%, more than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PALDX PGIM 60/40 Allocation Fund | 2.55% | 2.94% | 6.19% | 6.87% | 2.58% | 4.58% | 3.65% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PALDX vs. VOO - Drawdown Comparison
The maximum PALDX drawdown since its inception was -26.16%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PALDX and VOO. For additional features, visit the drawdowns tool.
Volatility
PALDX vs. VOO - Volatility Comparison
The current volatility for PGIM 60/40 Allocation Fund (PALDX) is 2.59%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.19%. This indicates that PALDX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.