PBL vs. MDAA
PBL (PGIM Portfolio Ballast ETF) and MDAA (Myriad Dynamic Asset Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. PBL charges 0.45%/yr vs 0.97%/yr for MDAA.
Performance
PBL vs. MDAA - Performance Comparison
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Returns By Period
In the year-to-date period, PBL achieves a 7.85% return, which is significantly lower than MDAA's 22.13% return.
PBL
- 1D
- -0.21%
- 1M
- 4.07%
- YTD
- 7.85%
- 6M
- 8.56%
- 1Y
- 19.49%
- 3Y*
- 15.09%
- 5Y*
- —
- 10Y*
- —
MDAA
- 1D
- -1.11%
- 1M
- 8.24%
- YTD
- 22.13%
- 6M
- 22.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBL vs. MDAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBL PGIM Portfolio Ballast ETF | 7.85% | 1.41% |
MDAA Myriad Dynamic Asset Allocation ETF | 22.13% | -0.27% |
Correlation
The correlation between PBL and MDAA is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025 | 0.81 |
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Return for Risk
PBL vs. MDAA — Risk / Return Rank
PBL
MDAA
PBL vs. MDAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Portfolio Ballast ETF (PBL) and Myriad Dynamic Asset Allocation ETF (MDAA). 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.
| PBL | MDAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | — | — |
| Martin ratioReturn relative to average drawdown | 13.56 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PBL | MDAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 1.47 | -0.06 |
Drawdowns
PBL vs. MDAA - Drawdown Comparison
The maximum PBL drawdown since its inception was -11.69%, smaller than the maximum MDAA drawdown of -14.59%. Use the drawdown chart below to compare losses from any high point for PBL and MDAA.
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Drawdown Indicators
| PBL | MDAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -14.59% | +2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -1.11% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -2.93% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | — | — |
Volatility
PBL vs. MDAA - Volatility Comparison
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Volatility by Period
| PBL | MDAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.56% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.87% | 23.89% | -15.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.83% | 23.89% | -14.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.83% | 23.89% | -14.06% |
PBL vs. MDAA - Expense Ratio Comparison
PBL has a 0.45% expense ratio, which is lower than MDAA's 0.97% expense ratio.
Dividends
PBL vs. MDAA - Dividend Comparison
PBL's dividend yield for the trailing twelve months is around 2.05%, more than MDAA's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MDAA Myriad Dynamic Asset Allocation ETF | 0.38% | 0.46% | 0.00% | 0.00% | 0.00% |
PBL PGIM Portfolio Ballast ETF | 2.05% | 2.21% | 6.89% | 7.92% | 0.16% |
Frequently Asked Questions
PBL and MDAA have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBL is cheaper with a 0.45% expense ratio, compared with 0.97% for MDAA.
PBL has the higher dividend yield at 2.05%, compared with 0.38% for MDAA.
They also come from different issuers: PGIM and Myriad. Their fees differ too: 0.45% for PBL and 0.97% for MDAA.
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