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.
Key characteristics
| PGEOX | FBALX | |
|---|---|---|
| YTD Return | 18.17% | 17.65% |
| 1Y Return | 24.95% | 24.29% |
| 3Y Return (Ann) | 5.79% | 4.99% |
| 5Y Return (Ann) | 10.01% | 11.59% |
| 10Y Return (Ann) | 8.87% | 9.83% |
| Sharpe Ratio | 3.17 | 3.04 |
| Sortino Ratio | 4.49 | 4.32 |
| Omega Ratio | 1.60 | 1.58 |
| Calmar Ratio | 4.55 | 3.47 |
| Martin Ratio | 20.31 | 20.17 |
| Ulcer Index | 1.33% | 1.30% |
| Daily Std Dev | 8.50% | 8.64% |
| Max Drawdown | -49.24% | -42.81% |
| Current Drawdown | -0.59% | -0.43% |
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
The year-to-date returns for both stocks are quite close, with PGEOX having a 18.17% return and FBALX slightly lower at 17.65%. Over the past 10 years, PGEOX has underperformed FBALX with an annualized return of 8.87%, while FBALX has yielded a comparatively higher 9.83% 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. 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 1.20%, less than FBALX's 4.55% 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% |
FBALX Fidelity Balanced Fund | 4.55% | 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) and Fidelity Balanced Fund (FBALX) have volatilities of 2.48% and 2.53%, 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.