PGEOX vs. DGTSX
PGEOX (George Putnam Balanced Fund) and DGTSX (DFA Global Allocation 25/75 Portfolio) are both Diversified Portfolio funds. Over the past 10 years, PGEOX returned 10.25%/yr vs 5.28%/yr for DGTSX. Their correlation of 0.89 suggests significant overlap in exposure. PGEOX charges 0.94%/yr vs 0.24%/yr for DGTSX.
Performance
PGEOX vs. DGTSX - Performance Comparison
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Returns By Period
In the year-to-date period, PGEOX achieves a 7.40% return, which is significantly higher than DGTSX's 4.23% return. Over the past 10 years, PGEOX has outperformed DGTSX with an annualized return of 10.25%, while DGTSX has yielded a comparatively lower 5.28% annualized return.
PGEOX
- 1D
- -0.45%
- 1M
- 0.59%
- YTD
- 7.40%
- 6M
- 6.81%
- 1Y
- 19.13%
- 3Y*
- 17.08%
- 5Y*
- 9.15%
- 10Y*
- 10.25%
DGTSX
- 1D
- -0.07%
- 1M
- 0.69%
- YTD
- 4.23%
- 6M
- 4.08%
- 1Y
- 9.62%
- 3Y*
- 8.40%
- 5Y*
- 5.27%
- 10Y*
- 5.28%
PGEOX vs. DGTSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGEOX George Putnam Balanced Fund | 7.40% | 14.02% | 20.65% | 19.93% | -17.59% | 13.80% | 9.25% | 22.61% | -3.03% | 15.02% |
DGTSX DFA Global Allocation 25/75 Portfolio | 4.23% | 8.39% | 7.43% | 8.93% | -8.06% | 10.20% | 7.29% | 9.80% | -1.85% | 5.83% |
Correlation
The correlation between PGEOX and DGTSX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2003 | 0.89 |
The correlation between PGEOX and DGTSX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
PGEOX vs. DGTSX — Risk / Return Rank
PGEOX
DGTSX
PGEOX vs. DGTSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for George Putnam Balanced Fund (PGEOX) and DFA Global Allocation 25/75 Portfolio (DGTSX). 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.
| PGEOX | DGTSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.57 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 3.76 | -0.27 |
| Martin ratioReturn relative to average drawdown | 15.81 | 16.52 | -0.70 |
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Drawdowns
PGEOX vs. DGTSX - Drawdown Comparison
The maximum PGEOX drawdown since its inception was -50.63%, which is greater than DGTSX's maximum drawdown of -16.71%. Use the drawdown chart below to compare losses from any high point for PGEOX and DGTSX.
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Drawdown Indicators
| PGEOX | DGTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.63% | -16.71% | -33.92% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -2.64% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -12.61% | -7.46% | -5.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.36% | -11.26% | -10.10% |
Max Drawdown (10Y)Largest decline over 10 years | -23.00% | -11.26% | -11.74% |
Current DrawdownCurrent decline from peak | -1.37% | -0.20% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -11.73% | -1.64% | -10.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 0.60% | +0.66% |
Volatility
PGEOX vs. DGTSX - Volatility Comparison
George Putnam Balanced Fund (PGEOX) has a higher volatility of 3.39% compared to DFA Global Allocation 25/75 Portfolio (DGTSX) at 1.38%. This indicates that PGEOX's price experiences larger fluctuations and is considered to be riskier than DGTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGEOX | DGTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 1.38% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 2.97% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.61% | 3.60% | +5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.49% | 5.98% | +5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.66% | 5.24% | +6.42% |
PGEOX vs. DGTSX - Expense Ratio Comparison
PGEOX has a 0.94% expense ratio, which is higher than DGTSX's 0.24% expense ratio.
Dividends
PGEOX vs. DGTSX - Dividend Comparison
PGEOX's dividend yield for the trailing twelve months is around 7.63%, more than DGTSX's 5.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGTSX DFA Global Allocation 25/75 Portfolio | 5.70% | 5.54% | 7.28% | 4.75% | 2.77% | 7.62% | 2.12% | 2.57% | 2.99% | 1.25% | 1.26% | 1.50% |
PGEOX George Putnam Balanced Fund | 7.63% | 8.13% | 7.99% | 1.10% | 0.89% | 7.75% | 1.05% | 5.22% | 9.04% | 1.10% | 1.18% | 1.13% |
Frequently Asked Questions
With a correlation of 0.91, PGEOX and DGTSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PGEOX has higher volatility (3.39%) compared to DGTSX (1.38%). In terms of maximum drawdown, PGEOX dropped -50.63% vs DGTSX's -16.71%.
DGTSX currently has the higher Sharpe Ratio (2.77 vs 2.33), 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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