PGEOX vs. FBALX
Compare and contrast key facts about George Putnam Balanced Fund (PGEOX) and Fidelity Balanced Fund (FBALX).
PGEOX is managed by Putnam. It was launched on Nov 5, 1937. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGEOX or FBALX.
Correlation
The correlation between PGEOX and FBALX is 0.87, 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. FBALX - Performance Comparison
Key characteristics
PGEOX:
1.57
FBALX:
1.86
PGEOX:
2.09
FBALX:
2.59
PGEOX:
1.29
FBALX:
1.34
PGEOX:
2.65
FBALX:
3.11
PGEOX:
8.96
FBALX:
11.94
PGEOX:
1.61%
FBALX:
1.38%
PGEOX:
9.22%
FBALX:
8.83%
PGEOX:
-49.24%
FBALX:
-42.81%
PGEOX:
-4.81%
FBALX:
-4.06%
Returns By Period
In the year-to-date period, PGEOX achieves a 13.15% return, which is significantly lower than FBALX's 15.17% return. Over the past 10 years, PGEOX has underperformed FBALX with an annualized return of 8.24%, while FBALX has yielded a comparatively higher 9.43% annualized return.
PGEOX
13.15%
-3.67%
2.00%
13.70%
8.47%
8.24%
FBALX
15.17%
-1.46%
4.34%
15.69%
10.45%
9.43%
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PGEOX vs. FBALX - Expense Ratio Comparison
PGEOX has a 0.94% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
PGEOX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for George Putnam Balanced Fund (PGEOX) and Fidelity Balanced Fund (FBALX). 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. FBALX - Dividend Comparison
PGEOX's dividend yield for the trailing twelve months is around 0.96%, less than FBALX's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGEOX George Putnam Balanced Fund | 0.96% | 1.10% | 0.89% | 0.61% | 1.05% | 2.58% | 1.43% | 1.10% | 1.18% | 1.13% | 1.26% | 1.31% |
FBALX Fidelity Balanced Fund | 1.34% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
PGEOX vs. FBALX - Drawdown Comparison
The maximum PGEOX drawdown since its inception was -49.24%, which is greater than FBALX's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for PGEOX and FBALX. For additional features, visit the drawdowns tool.
Volatility
PGEOX vs. FBALX - Volatility Comparison
George Putnam Balanced Fund (PGEOX) has a higher volatility of 4.22% compared to Fidelity Balanced Fund (FBALX) at 2.88%. This indicates that PGEOX's price experiences larger fluctuations and is considered to be riskier than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.