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.
Correlation
The correlation between PGEOX and ABALX is 0.92, 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
Key characteristics
PGEOX:
1.72
ABALX:
1.31
PGEOX:
2.34
ABALX:
1.71
PGEOX:
1.32
ABALX:
1.25
PGEOX:
1.79
ABALX:
1.75
PGEOX:
8.64
ABALX:
5.87
PGEOX:
1.83%
ABALX:
2.19%
PGEOX:
9.19%
ABALX:
9.80%
PGEOX:
-47.56%
ABALX:
-37.23%
PGEOX:
-3.14%
ABALX:
-4.86%
Returns By Period
In the year-to-date period, PGEOX achieves a 1.33% return, which is significantly lower than ABALX's 1.95% return. Over the past 10 years, PGEOX has outperformed ABALX with an annualized return of 5.96%, while ABALX has yielded a comparatively lower 5.54% annualized return.
PGEOX
1.33%
1.33%
3.26%
15.24%
5.26%
5.96%
ABALX
1.95%
1.89%
1.43%
11.49%
5.72%
5.54%
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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 Rank
PGEOX
ABALX
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 1.87%, less than ABALX's 2.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGEOX George Putnam Balanced Fund | 1.87% | 1.90% | 1.10% | 0.89% | 0.61% | 1.05% | 2.58% | 1.43% | 1.10% | 1.18% | 2.27% | 2.51% |
ABALX American Funds American Balanced Fund Class A | 2.06% | 2.10% | 2.36% | 1.69% | 1.20% | 1.32% | 1.91% | 2.10% | 1.79% | 1.77% | 3.30% | 8.85% |
Drawdowns
PGEOX vs. ABALX - Drawdown Comparison
The maximum PGEOX drawdown since its inception was -47.56%, which is greater than ABALX's maximum drawdown of -37.23%. 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) and American Funds American Balanced Fund Class A (ABALX) have volatilities of 3.60% and 3.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.