PMEFX vs. AOBLX
PMEFX (Penn Mutual AM 1847 Income Fund) and AOBLX (Victory Pioneer Balanced Fund Class A) are both Diversified Portfolio funds. Over the past 5 years, PMEFX returned 2.89%/yr vs 8.31%/yr for AOBLX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. PMEFX charges 0.65%/yr vs 0.93%/yr for AOBLX.
Performance
PMEFX vs. AOBLX - Performance Comparison
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Returns By Period
PMEFX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.78%
- 3Y*
- 4.63%
- 5Y*
- 2.89%
- 10Y*
- —
- ALL TIME*
- 5.31%
AOBLX
- 1D
- -0.99%
- 1M
- -3.32%
- 6M
- 7.64%
- YTD
- 10.86%
- 1Y
- 23.64%
- 3Y*
- 14.97%
- 5Y*
- 8.31%
- 10Y*
- 9.65%
- ALL TIME*
- 7.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMEFX vs. AOBLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PMEFX Penn Mutual AM 1847 Income Fund | 0.00% | 1.11% | 9.80% | 9.80% | -4.30% | 9.78% | 6.47% |
AOBLX Victory Pioneer Balanced Fund Class A | 10.86% | 19.59% | 9.46% | 15.00% | -14.64% | 15.10% | 10.25% |
Correlation
The correlation between PMEFX and AOBLX is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.71 |
Over the past year, the correlation between PMEFX and AOBLX has dropped to 0.28 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
PMEFX vs. AOBLX — Risk / Return Rank
PMEFX
AOBLX
PMEFX vs. AOBLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Penn Mutual AM 1847 Income Fund (PMEFX) and Victory Pioneer Balanced Fund Class A (AOBLX). 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.
| PMEFX | AOBLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.95 | ||
| Sortino ratioReturn per unit of downside risk | -3.97 | ||
| Omega ratioGain probability vs. loss probability | 0.68 | 1.41 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 3.63 | -4.30 |
| Martin ratioReturn relative to average drawdown | -0.83 | 15.66 | -16.49 |
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Drawdowns
PMEFX vs. AOBLX - Drawdown Comparison
The maximum PMEFX drawdown since its inception was -13.27%, smaller than the maximum AOBLX drawdown of -36.70%. Use the drawdown chart below to compare losses from any high point for PMEFX and AOBLX.
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Drawdown Indicators
| PMEFX | AOBLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.27% | -36.70% | +23.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -6.42% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -13.52% | +3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -12.12% | -20.48% | +8.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.31% | — |
Current DrawdownCurrent decline from peak | -7.19% | -3.32% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -3.80% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 1.49% | +3.81% |
Volatility
PMEFX vs. AOBLX - Volatility Comparison
The current volatility for Penn Mutual AM 1847 Income Fund (PMEFX) is 0.00%, while Victory Pioneer Balanced Fund Class A (AOBLX) has a volatility of 2.18%. This indicates that PMEFX experiences smaller price fluctuations and is considered to be less risky than AOBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMEFX | AOBLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 2.18% | -2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 7.91% | -7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 10.10% | -2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 11.16% | -3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.61% | 11.34% | -3.73% |
PMEFX vs. AOBLX - Expense Ratio Comparison
PMEFX has a 0.65% expense ratio, which is lower than AOBLX's 0.93% expense ratio.
Dividends
PMEFX vs. AOBLX - Dividend Comparison
PMEFX's dividend yield for the trailing twelve months is around 5.89%, more than AOBLX's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOBLX Victory Pioneer Balanced Fund Class A | 3.26% | 3.48% | 2.28% | 1.52% | 2.97% | 8.33% | 4.31% | 5.78% | 9.70% | 9.22% | 2.51% | 3.97% |
PMEFX Penn Mutual AM 1847 Income Fund | 5.89% | 8.73% | 6.16% | 4.41% | 3.25% | 13.55% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PMEFX and AOBLX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOBLX has higher volatility (2.18%) compared to PMEFX (0.00%). In terms of maximum drawdown, PMEFX dropped -13.27% vs AOBLX's -36.70%.
AOBLX currently has the higher Sharpe Ratio (2.31 vs -0.64), 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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