PGEOX vs. VOO
Compare and contrast key facts about George Putnam Balanced Fund (PGEOX) and Vanguard S&P 500 ETF (VOO).
PGEOX is managed by Putnam. It was launched on Nov 5, 1937. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
PGEOX vs. VOO - Performance Comparison
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PGEOX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGEOX George Putnam Balanced Fund | -2.12% | 14.02% | 20.65% | 19.93% | -17.59% | 13.80% | 9.25% | 22.61% | -3.03% | 15.02% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, PGEOX achieves a -2.12% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, PGEOX has underperformed VOO with an annualized return of 9.24%, while VOO has yielded a comparatively higher 14.14% annualized return.
PGEOX
- 1D
- 1.97%
- 1M
- -3.41%
- YTD
- -2.12%
- 6M
- -0.19%
- 1Y
- 14.34%
- 3Y*
- 15.19%
- 5Y*
- 8.00%
- 10Y*
- 9.24%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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PGEOX vs. VOO - Expense Ratio Comparison
PGEOX has a 0.94% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
PGEOX vs. VOO — Risk / Return Rank
PGEOX
VOO
PGEOX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for George Putnam Balanced Fund (PGEOX) and Vanguard S&P 500 ETF (VOO). 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.
| PGEOX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.01 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.86 | 1.53 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.55 | +0.35 |
Martin ratioReturn relative to average drawdown | 8.97 | 7.31 | +1.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PGEOX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.01 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.71 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.79 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.83 | -0.41 |
Correlation
The correlation between PGEOX and VOO is 0.97, 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.
Dividends
PGEOX vs. VOO - Dividend Comparison
PGEOX's dividend yield for the trailing twelve months is around 7.96%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGEOX George Putnam Balanced Fund | 7.96% | 8.13% | 7.99% | 1.10% | 0.89% | 7.75% | 1.05% | 5.22% | 9.04% | 1.10% | 1.18% | 1.13% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
PGEOX vs. VOO - Drawdown Comparison
The maximum PGEOX drawdown since its inception was -50.63%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PGEOX and VOO.
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Drawdown Indicators
| PGEOX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.63% | -33.99% | -16.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -11.98% | +4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.36% | -24.52% | +3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -23.00% | -33.99% | +10.99% |
Current DrawdownCurrent decline from peak | -3.86% | -5.55% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -11.78% | -3.72% | -8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 2.55% | -0.86% |
Volatility
PGEOX vs. VOO - Volatility Comparison
The current volatility for George Putnam Balanced Fund (PGEOX) is 3.85%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.34%. This indicates that PGEOX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGEOX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 5.34% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 9.47% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 18.11% | -6.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.40% | 16.82% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.59% | 17.99% | -6.40% |