Correlation
The correlation between PSIFX and ABALX is 0.92, 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.
PSIFX vs. ABALX
Compare and contrast key facts about PGIM Quant Solutions Stock Index Fund (PSIFX) and American Funds American Balanced Fund Class A (ABALX).
PSIFX is managed by PGIM Investments. It was launched on Nov 5, 1992. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSIFX or ABALX.
Performance
PSIFX vs. ABALX - Performance Comparison
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Key characteristics
PSIFX:
0.54
ABALX:
1.09
PSIFX:
0.78
ABALX:
1.43
PSIFX:
1.11
ABALX:
1.20
PSIFX:
0.33
ABALX:
1.12
PSIFX:
1.53
ABALX:
4.49
PSIFX:
6.01%
ABALX:
2.66%
PSIFX:
20.00%
ABALX:
12.04%
PSIFX:
-55.36%
ABALX:
-40.12%
PSIFX:
-14.78%
ABALX:
-0.72%
Returns By Period
In the year-to-date period, PSIFX achieves a 0.95% return, which is significantly lower than ABALX's 3.41% return. Over the past 10 years, PSIFX has underperformed ABALX with an annualized return of 1.50%, while ABALX has yielded a comparatively higher 8.29% annualized return.
PSIFX
0.95%
5.61%
-4.50%
9.76%
3.78%
2.16%
1.50%
ABALX
3.41%
3.69%
2.00%
12.42%
8.96%
9.34%
8.29%
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PSIFX vs. ABALX - Expense Ratio Comparison
PSIFX has a 0.24% expense ratio, which is lower than ABALX's 0.56% expense ratio.
Risk-Adjusted Performance
PSIFX vs. ABALX — Risk-Adjusted Performance Rank
PSIFX
ABALX
PSIFX vs. ABALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Quant Solutions Stock Index Fund (PSIFX) and American Funds American Balanced Fund Class A (ABALX). 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.
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Dividends
PSIFX vs. ABALX - Dividend Comparison
PSIFX's dividend yield for the trailing twelve months is around 4.45%, less than ABALX's 6.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSIFX PGIM Quant Solutions Stock Index Fund | 4.45% | 4.49% | 13.52% | 16.37% | 11.42% | 28.17% | 18.03% | 23.67% | 6.19% | 3.87% | 3.85% | 6.65% |
ABALX American Funds American Balanced Fund Class A | 6.97% | 7.19% | 2.36% | 2.30% | 4.30% | 4.35% | 4.00% | 6.17% | 5.40% | 4.24% | 5.60% | 7.37% |
Drawdowns
PSIFX vs. ABALX - Drawdown Comparison
The maximum PSIFX drawdown since its inception was -55.36%, which is greater than ABALX's maximum drawdown of -40.12%. Use the drawdown chart below to compare losses from any high point for PSIFX and ABALX.
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Volatility
PSIFX vs. ABALX - Volatility Comparison
PGIM Quant Solutions Stock Index Fund (PSIFX) has a higher volatility of 4.83% compared to American Funds American Balanced Fund Class A (ABALX) at 2.71%. This indicates that PSIFX's price experiences larger fluctuations and is considered to be riskier than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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