Correlation
The correlation between PDAVX and DGRO is 0.80, 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.
PDAVX vs. DGRO
Compare and contrast key facts about PineBridge Dynamic Asset Allocation Fund (PDAVX) and iShares Core Dividend Growth ETF (DGRO).
PDAVX is managed by PineBridge. It was launched on Mar 1, 2016. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDAVX or DGRO.
Performance
PDAVX vs. DGRO - Performance Comparison
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Key characteristics
PDAVX:
0.69
DGRO:
0.78
PDAVX:
0.85
DGRO:
1.12
PDAVX:
1.11
DGRO:
1.16
PDAVX:
0.37
DGRO:
0.79
PDAVX:
2.17
DGRO:
3.10
PDAVX:
3.23%
DGRO:
3.57%
PDAVX:
12.68%
DGRO:
15.20%
PDAVX:
-28.26%
DGRO:
-35.10%
PDAVX:
-8.77%
DGRO:
-3.30%
Returns By Period
In the year-to-date period, PDAVX achieves a 4.21% return, which is significantly higher than DGRO's 1.76% return.
PDAVX
4.21%
3.84%
0.31%
8.25%
4.01%
4.43%
N/A
DGRO
1.76%
3.53%
-3.30%
10.31%
9.13%
13.13%
11.38%
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PDAVX vs. DGRO - Expense Ratio Comparison
PDAVX has a 0.90% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
PDAVX vs. DGRO — Risk-Adjusted Performance Rank
PDAVX
DGRO
PDAVX vs. DGRO - Risk-Adjusted Performance 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.
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Dividends
PDAVX vs. DGRO - Dividend Comparison
PDAVX's dividend yield for the trailing twelve months is around 2.25%, which matches DGRO's 2.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDAVX PineBridge Dynamic Asset Allocation Fund | 2.25% | 2.35% | 2.75% | 0.00% | 5.28% | 1.19% | 1.38% | 2.54% | 5.75% | 2.28% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.23% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
PDAVX vs. DGRO - Drawdown Comparison
The maximum PDAVX drawdown since its inception was -28.26%, 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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Volatility
PDAVX vs. DGRO - Volatility Comparison
The current volatility for PineBridge Dynamic Asset Allocation Fund (PDAVX) is 2.43%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 4.35%. This indicates that PDAVX experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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