PGEOX vs. ABALX
Compare and contrast key facts about George Putnam Balanced Fund (PGEOX) and American Funds American Balanced Fund Class A (ABALX).
PGEOX is managed by Putnam. It was launched on Nov 5, 1937. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGEOX or ABALX.
Key characteristics
| PGEOX | ABALX | |
|---|---|---|
| YTD Return | 18.17% | 15.61% |
| 1Y Return | 24.95% | 22.64% |
| 3Y Return (Ann) | 5.79% | 5.44% |
| 5Y Return (Ann) | 10.01% | 8.77% |
| 10Y Return (Ann) | 8.87% | 8.41% |
| Sharpe Ratio | 3.17 | 2.91 |
| Sortino Ratio | 4.49 | 4.15 |
| Omega Ratio | 1.60 | 1.56 |
| Calmar Ratio | 4.55 | 4.27 |
| Martin Ratio | 20.31 | 20.18 |
| Ulcer Index | 1.33% | 1.22% |
| Daily Std Dev | 8.50% | 8.45% |
| Max Drawdown | -49.24% | -39.31% |
| Current Drawdown | -0.59% | -0.89% |
Correlation
The correlation between PGEOX and ABALX is 0.91, 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.
Performance
PGEOX vs. ABALX - Performance Comparison
In the year-to-date period, PGEOX achieves a 18.17% return, which is significantly higher than ABALX's 15.61% return. Over the past 10 years, PGEOX has outperformed ABALX with an annualized return of 8.87%, while ABALX has yielded a comparatively lower 8.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PGEOX vs. ABALX - Expense Ratio Comparison
PGEOX has a 0.94% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Risk-Adjusted Performance
PGEOX vs. ABALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for George Putnam Balanced Fund (PGEOX) and American Funds American Balanced Fund Class A (ABALX). 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.
Dividends
PGEOX vs. ABALX - Dividend Comparison
PGEOX's dividend yield for the trailing twelve months is around 1.20%, less than ABALX's 2.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGEOX George Putnam Balanced Fund | 1.20% | 1.10% | 0.89% | 0.61% | 1.05% | 2.58% | 1.43% | 1.10% | 1.18% | 1.13% | 1.26% | 1.31% |
ABALX American Funds American Balanced Fund Class A | 2.14% | 2.36% | 1.69% | 1.20% | 1.32% | 1.91% | 2.10% | 1.79% | 1.77% | 2.47% | 8.09% | 1.54% |
Drawdowns
PGEOX vs. ABALX - Drawdown Comparison
The maximum PGEOX drawdown since its inception was -49.24%, which is greater than ABALX's maximum drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for PGEOX and ABALX. For additional features, visit the drawdowns tool.
Volatility
PGEOX vs. ABALX - Volatility Comparison
George Putnam Balanced Fund (PGEOX) has a higher volatility of 2.48% compared to American Funds American Balanced Fund Class A (ABALX) at 2.30%. This indicates that PGEOX's price experiences larger fluctuations and is considered to be riskier than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.