PBL vs. EAOK
PBL (PGIM Portfolio Ballast ETF) and EAOK (iShares ESG Aware Conservative Allocation ETF) are both Diversified Portfolio funds. PBL is actively managed, while EAOK is passively managed. Over the past 3 years, PBL returned 14.40%/yr vs 8.74%/yr for EAOK. A 0.74 correlation means they provide meaningful diversification when combined. PBL charges 0.45%/yr vs 0.18%/yr for EAOK.
Performance
PBL vs. EAOK - Performance Comparison
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Returns By Period
In the year-to-date period, PBL achieves a 7.15% return, which is significantly higher than EAOK's 3.98% return.
PBL
- 1D
- -0.17%
- 1M
- 0.73%
- YTD
- 7.15%
- 6M
- 6.87%
- 1Y
- 18.53%
- 3Y*
- 14.40%
- 5Y*
- —
- 10Y*
- —
EAOK
- 1D
- -0.22%
- 1M
- 1.03%
- YTD
- 3.98%
- 6M
- 3.97%
- 1Y
- 11.95%
- 3Y*
- 8.74%
- 5Y*
- 3.20%
- 10Y*
- —
PBL vs. EAOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PBL PGIM Portfolio Ballast ETF | 7.15% | 12.35% | 16.70% | 14.28% | -4.02% |
EAOK iShares ESG Aware Conservative Allocation ETF | 3.98% | 11.47% | 5.81% | 10.13% | -2.69% |
Correlation
The correlation between PBL and EAOK is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2022 | 0.74 |
The correlation between PBL and EAOK has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
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Return for Risk
PBL vs. EAOK — Risk / Return Rank
PBL
EAOK
PBL vs. EAOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Portfolio Ballast ETF (PBL) and iShares ESG Aware Conservative Allocation ETF (EAOK). 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.
| PBL | EAOK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 2.71 | +0.49 |
| Martin ratioReturn relative to average drawdown | 12.53 | 11.65 | +0.89 |
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Drawdowns
PBL vs. EAOK - Drawdown Comparison
The maximum PBL drawdown since its inception was -11.69%, smaller than the maximum EAOK drawdown of -19.91%. Use the drawdown chart below to compare losses from any high point for PBL and EAOK.
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Drawdown Indicators
| PBL | EAOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -19.91% | +8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -4.43% | -1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | -7.08% | -4.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.91% | — |
Current DrawdownCurrent decline from peak | -0.90% | -0.27% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -4.98% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.03% | +0.45% |
Volatility
PBL vs. EAOK - Volatility Comparison
PGIM Portfolio Ballast ETF (PBL) has a higher volatility of 3.41% compared to iShares ESG Aware Conservative Allocation ETF (EAOK) at 2.24%. This indicates that PBL's price experiences larger fluctuations and is considered to be riskier than EAOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBL | EAOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 2.24% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.06% | 4.84% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 5.79% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.91% | 7.09% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.91% | 6.85% | +3.06% |
PBL vs. EAOK - Expense Ratio Comparison
PBL has a 0.45% expense ratio, which is higher than EAOK's 0.18% expense ratio.
Dividends
PBL vs. EAOK - Dividend Comparison
PBL's dividend yield for the trailing twelve months is around 2.07%, less than EAOK's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EAOK iShares ESG Aware Conservative Allocation ETF | 3.17% | 3.18% | 3.15% | 2.80% | 2.27% | 1.19% | 1.00% |
PBL PGIM Portfolio Ballast ETF | 2.07% | 2.21% | 6.89% | 7.92% | 0.16% | 0.00% | 0.00% |
Frequently Asked Questions
PBL and EAOK have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PBL has higher volatility (3.41%) compared to EAOK (2.24%). In terms of maximum drawdown, PBL dropped -11.69% vs EAOK's -19.91%.
On 3-year performance, PBL leads with 14.40% vs 8.74% for EAOK. On fees, EAOK is cheaper at 0.18% per year. On volatility, EAOK has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PBL has performed better with a 14.40% return vs 8.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EAOK is cheaper with a 0.18% expense ratio, compared with 0.45% for PBL.
EAOK has the higher dividend yield at 3.17%, compared with 2.07% for PBL.
They also come from different issuers: PGIM and iShares. Their fees differ too: 0.45% for PBL and 0.18% for EAOK.
EAOK currently has the higher Sharpe Ratio (2.08 vs 2.00), 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.
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