PDAVX vs. DGRO
PDAVX (PineBridge Dynamic Asset Allocation Fund) and DGRO (iShares Core Dividend Growth ETF) are both funds - PDAVX is a Global Allocation fund managed by PineBridge, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 5 years, PDAVX returned 2.47%/yr vs 11.08%/yr for DGRO. Their 0.71 correlation means they have sometimes moved together and sometimes differently. PDAVX charges 0.90%/yr vs 0.08%/yr for DGRO.
Performance
PDAVX vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, PDAVX achieves a 4.92% return, which is significantly lower than DGRO's 13.39% return.
PDAVX
- 1D
- 1.97%
- 1M
- -0.44%
- 6M
- 2.67%
- YTD
- 4.92%
- 1Y
- 12.34%
- 3Y*
- 9.33%
- 5Y*
- 2.47%
- 10Y*
- —
- ALL TIME*
- 5.29%
DGRO
- 1D
- -0.28%
- 1M
- 0.97%
- 6M
- 9.59%
- YTD
- 13.39%
- 1Y
- 24.21%
- 3Y*
- 16.30%
- 5Y*
- 11.08%
- 10Y*
- 13.44%
- ALL TIME*
- 12.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $103.52M | $104.25M | $110.17M | |
| $0.00 | $0.00 | $0.00 |
PDAVX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDAVX PineBridge Dynamic Asset Allocation Fund | 4.92% | 14.21% | 5.48% | 7.60% | -16.77% | 6.51% | 12.87% | 14.84% | -9.55% | 15.83% |
DGRO iShares Core Dividend Growth ETF | 13.39% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
Correlation
The correlation between PDAVX and DGRO is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.71 |
The correlation between PDAVX and DGRO shifts across timeframes, from 0.54 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PDAVX vs. DGRO — Risk / Return Rank
PDAVX
DGRO
PDAVX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PineBridge Dynamic Asset Allocation Fund (PDAVX) and iShares Core Dividend Growth ETF (DGRO). 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.
| PDAVX | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.45 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 3.61 | -2.34 |
| Martin ratioReturn relative to average drawdown | 4.48 | 14.07 | -9.59 |
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Drawdowns
PDAVX vs. DGRO - Drawdown Comparison
The maximum PDAVX drawdown since its inception was -25.58%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for PDAVX and DGRO.
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Drawdown Indicators
| PDAVX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.58% | -35.10% | +9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -6.47% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -12.17% | -14.03% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | -19.31% | -5.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | -3.24% | -1.35% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -3.41% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.66% | +0.86% |
Volatility
PDAVX vs. DGRO - Volatility Comparison
PineBridge Dynamic Asset Allocation Fund (PDAVX) has a higher volatility of 3.62% compared to iShares Core Dividend Growth ETF (DGRO) at 3.21%. This indicates that PDAVX's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDAVX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 3.21% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 7.12% | +3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.55% | 9.61% | +2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.60% | 13.79% | -3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.52% | 16.58% | -6.06% |
PDAVX vs. DGRO - Expense Ratio Comparison
PDAVX has a 0.90% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
PDAVX vs. DGRO - Dividend Comparison
PDAVX's dividend yield for the trailing twelve months is around 1.66%, less than DGRO's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.89% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
PDAVX PineBridge Dynamic Asset Allocation Fund | 1.66% | 1.74% | 2.35% | 2.74% | 0.00% | 5.28% | 1.19% | 1.38% | 2.54% | 5.75% | 0.00% | 0.00% |
Frequently Asked Questions
PDAVX and DGRO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDAVX has higher volatility (3.62%) compared to DGRO (3.21%). In terms of maximum drawdown, PDAVX dropped -25.58% vs DGRO's -35.10%.
DGRO currently has the higher Sharpe Ratio (2.44 vs 0.90), 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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