PGEOX vs. PTLC
PGEOX (George Putnam Balanced Fund) and PTLC (Pacer Trendpilot US Large Cap ETF) are both funds - PGEOX is a Diversified Portfolio fund managed by Putnam, while PTLC is a Large Cap Blend Equities fund tracking the Pacer Trendpilot U.S. Large Cap Index. Over the past 10 years, PGEOX returned 10.15%/yr vs 11.47%/yr for PTLC. Their correlation of 0.82 suggests significant overlap in exposure. PGEOX charges 0.94%/yr vs 0.60%/yr for PTLC.
Performance
PGEOX vs. PTLC - Performance Comparison
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Returns By Period
In the year-to-date period, PGEOX achieves a 7.88% return, which is significantly higher than PTLC's 4.41% return. Over the past 10 years, PGEOX has underperformed PTLC with an annualized return of 10.15%, while PTLC has yielded a comparatively higher 11.47% annualized return.
PGEOX
- 1D
- 0.73%
- 1M
- 1.05%
- YTD
- 7.88%
- 6M
- 7.68%
- 1Y
- 20.45%
- 3Y*
- 16.99%
- 5Y*
- 9.46%
- 10Y*
- 10.15%
PTLC
- 1D
- -0.43%
- 1M
- 0.05%
- YTD
- 4.41%
- 6M
- 3.92%
- 1Y
- 20.14%
- 3Y*
- 13.96%
- 5Y*
- 10.42%
- 10Y*
- 11.47%
PGEOX vs. PTLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGEOX George Putnam Balanced Fund | 7.88% | 14.02% | 20.65% | 19.93% | -17.59% | 13.80% | 9.25% | 22.61% | -3.03% | 15.02% |
PTLC Pacer Trendpilot US Large Cap ETF | 4.41% | 5.10% | 24.31% | 16.78% | -8.62% | 27.90% | -1.15% | 17.58% | 1.49% | 21.41% |
Correlation
The correlation between PGEOX and PTLC is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2015 | 0.82 |
The correlation between PGEOX and PTLC shifts across timeframes, from 0.81 (5 years) to 0.97 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PGEOX vs. PTLC — Risk / Return Rank
PGEOX
PTLC
PGEOX vs. PTLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for George Putnam Balanced Fund (PGEOX) and Pacer Trendpilot US Large Cap ETF (PTLC). 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 | PTLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.30 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.31 | +1.24 |
| Martin ratioReturn relative to average drawdown | 16.10 | 8.89 | +7.20 |
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Drawdowns
PGEOX vs. PTLC - Drawdown Comparison
The maximum PGEOX drawdown since its inception was -50.63%, which is greater than PTLC's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for PGEOX and PTLC.
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Drawdown Indicators
| PGEOX | PTLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.63% | -26.63% | -24.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -8.77% | +3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -12.61% | -15.17% | +2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.36% | -15.17% | -6.19% |
Max Drawdown (10Y)Largest decline over 10 years | -23.00% | -26.63% | +3.63% |
Current DrawdownCurrent decline from peak | -0.92% | -1.79% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -11.73% | -5.63% | -6.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.27% | -1.01% |
Volatility
PGEOX vs. PTLC - Volatility Comparison
The current volatility for George Putnam Balanced Fund (PGEOX) is 3.43%, while Pacer Trendpilot US Large Cap ETF (PTLC) has a volatility of 4.71%. This indicates that PGEOX experiences smaller price fluctuations and is considered to be less risky than PTLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGEOX | PTLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 4.71% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 6.99% | 9.10% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.58% | 11.91% | -3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.48% | 11.86% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.66% | 13.23% | -1.57% |
PGEOX vs. PTLC - Expense Ratio Comparison
PGEOX has a 0.94% expense ratio, which is higher than PTLC's 0.60% expense ratio.
Dividends
PGEOX vs. PTLC - Dividend Comparison
PGEOX's dividend yield for the trailing twelve months is around 7.60%, more than PTLC's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGEOX George Putnam Balanced Fund | 7.60% | 8.13% | 7.99% | 1.10% | 0.89% | 7.75% | 1.05% | 5.22% | 9.04% | 1.10% | 1.18% | 1.13% |
PTLC Pacer Trendpilot US Large Cap ETF | 1.02% | 1.06% | 0.67% | 1.18% | 1.26% | 0.73% | 1.08% | 1.10% | 1.00% | 0.97% | 1.08% | 0.42% |
Frequently Asked Questions
With a correlation of 0.97, PGEOX and PTLC 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.
PTLC has higher volatility (4.71%) compared to PGEOX (3.43%). In terms of maximum drawdown, PGEOX dropped -50.63% vs PTLC's -26.63%.
PGEOX currently has the higher Sharpe Ratio (2.37 vs 1.70), 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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