PGEOX vs. CBALX
Compare and contrast key facts about George Putnam Balanced Fund (PGEOX) and Columbia Balanced Fund (CBALX).
PGEOX is managed by Putnam. It was launched on Nov 5, 1937. CBALX is managed by Columbia Threadneedle. It was launched on Sep 30, 1991.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGEOX or CBALX.
Key characteristics
| PGEOX | CBALX | |
|---|---|---|
| YTD Return | 18.17% | 15.54% |
| 1Y Return | 24.95% | 22.49% |
| 3Y Return (Ann) | 5.79% | 5.57% |
| 5Y Return (Ann) | 10.01% | 10.28% |
| 10Y Return (Ann) | 8.87% | 8.70% |
| Sharpe Ratio | 3.17 | 3.00 |
| Sortino Ratio | 4.49 | 4.28 |
| Omega Ratio | 1.60 | 1.57 |
| Calmar Ratio | 4.55 | 4.90 |
| Martin Ratio | 20.31 | 20.42 |
| Ulcer Index | 1.33% | 1.20% |
| Daily Std Dev | 8.50% | 8.17% |
| Max Drawdown | -49.24% | -35.45% |
| Current Drawdown | -0.59% | -0.25% |
Correlation
The correlation between PGEOX and CBALX is 0.90, 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. CBALX - Performance Comparison
In the year-to-date period, PGEOX achieves a 18.17% return, which is significantly higher than CBALX's 15.54% return. Both investments have delivered pretty close results over the past 10 years, with PGEOX having a 8.87% annualized return and CBALX not far behind at 8.70%. 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. CBALX - Expense Ratio Comparison
PGEOX has a 0.94% expense ratio, which is higher than CBALX's 0.67% expense ratio.
Risk-Adjusted Performance
PGEOX vs. CBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for George Putnam Balanced Fund (PGEOX) and Columbia Balanced Fund (CBALX). 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. CBALX - Dividend Comparison
PGEOX's dividend yield for the trailing twelve months is around 1.20%, less than CBALX's 1.86% 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% |
CBALX Columbia Balanced Fund | 1.86% | 1.84% | 1.51% | 0.86% | 1.25% | 1.69% | 1.74% | 1.29% | 1.26% | 2.12% | 1.09% | 0.97% |
Drawdowns
PGEOX vs. CBALX - Drawdown Comparison
The maximum PGEOX drawdown since its inception was -49.24%, which is greater than CBALX's maximum drawdown of -35.45%. Use the drawdown chart below to compare losses from any high point for PGEOX and CBALX. For additional features, visit the drawdowns tool.
Volatility
PGEOX vs. CBALX - Volatility Comparison
George Putnam Balanced Fund (PGEOX) has a higher volatility of 2.48% compared to Columbia Balanced Fund (CBALX) at 2.36%. This indicates that PGEOX's price experiences larger fluctuations and is considered to be riskier than CBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.