PBL vs. EAOM
PBL (PGIM Portfolio Ballast ETF) and EAOM (iShares ESG Aware Moderate Allocation ETF) are both Diversified Portfolio funds. PBL is actively managed, while EAOM is passively managed. Over the past 3 years, PBL returned 14.40%/yr vs 10.39%/yr for EAOM. Their correlation of 0.83 suggests significant overlap in exposure. PBL charges 0.45%/yr vs 0.18%/yr for EAOM.
Performance
PBL vs. EAOM - 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 EAOM's 5.21% return.
PBL
- 1D
- -0.17%
- 1M
- 0.73%
- YTD
- 7.15%
- 6M
- 6.87%
- 1Y
- 18.53%
- 3Y*
- 14.40%
- 5Y*
- —
- 10Y*
- —
EAOM
- 1D
- -0.21%
- 1M
- 1.18%
- YTD
- 5.21%
- 6M
- 5.17%
- 1Y
- 14.32%
- 3Y*
- 10.39%
- 5Y*
- 4.30%
- 10Y*
- —
PBL vs. EAOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PBL PGIM Portfolio Ballast ETF | 7.15% | 12.35% | 16.70% | 14.28% | -4.02% |
EAOM iShares ESG Aware Moderate Allocation ETF | 5.21% | 12.90% | 7.29% | 11.83% | -2.88% |
Correlation
The correlation between PBL and EAOM is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2022 | 0.83 |
The correlation between PBL and EAOM has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.
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Return for Risk
PBL vs. EAOM — Risk / Return Rank
PBL
EAOM
PBL vs. EAOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Portfolio Ballast ETF (PBL) and iShares ESG Aware Moderate Allocation ETF (EAOM). 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 | EAOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 2.78 | +0.42 |
| Martin ratioReturn relative to average drawdown | 12.53 | 12.02 | +0.52 |
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Drawdowns
PBL vs. EAOM - Drawdown Comparison
The maximum PBL drawdown since its inception was -11.69%, smaller than the maximum EAOM drawdown of -20.73%. Use the drawdown chart below to compare losses from any high point for PBL and EAOM.
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Drawdown Indicators
| PBL | EAOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -20.73% | +9.04% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -5.17% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | -7.63% | -4.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.73% | — |
Current DrawdownCurrent decline from peak | -0.90% | -0.32% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -4.93% | +3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.19% | +0.29% |
Volatility
PBL vs. EAOM - Volatility Comparison
PGIM Portfolio Ballast ETF (PBL) has a higher volatility of 3.41% compared to iShares ESG Aware Moderate Allocation ETF (EAOM) at 2.66%. This indicates that PBL's price experiences larger fluctuations and is considered to be riskier than EAOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBL | EAOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 2.66% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 7.06% | 5.69% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 6.81% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.91% | 8.13% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.91% | 7.94% | +1.97% |
PBL vs. EAOM - Expense Ratio Comparison
PBL has a 0.45% expense ratio, which is higher than EAOM's 0.18% expense ratio.
Dividends
PBL vs. EAOM - Dividend Comparison
PBL's dividend yield for the trailing twelve months is around 2.07%, less than EAOM's 2.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EAOM iShares ESG Aware Moderate Allocation ETF | 2.78% | 2.89% | 2.89% | 2.70% | 1.93% | 1.32% | 1.02% |
PBL PGIM Portfolio Ballast ETF | 2.07% | 2.21% | 6.89% | 7.92% | 0.16% | 0.00% | 0.00% |
Frequently Asked Questions
PBL and EAOM have a correlation of 0.84, 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 EAOM (2.66%). In terms of maximum drawdown, PBL dropped -11.69% vs EAOM's -20.73%.
On 3-year performance, PBL leads with 14.40% vs 10.39% for EAOM. On fees, EAOM is cheaper at 0.18% per year. On volatility, EAOM has been the lower-risk option at 2.66%. 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 10.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EAOM is cheaper with a 0.18% expense ratio, compared with 0.45% for PBL.
EAOM has the higher dividend yield at 2.78%, 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 EAOM.
EAOM currently has the higher Sharpe Ratio (2.12 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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