THPBX vs. AYBLX
THPBX (BNY Mellon Balanced Opportunity Fund) and AYBLX (Pioneer Balanced ESG Fund) are both Diversified Portfolio funds. Over the past 10 years, THPBX returned 8.42%/yr vs 10.59%/yr for AYBLX. Their correlation of 0.90 suggests significant overlap in exposure. THPBX charges 0.90%/yr vs 0.65%/yr for AYBLX.
Performance
THPBX vs. AYBLX - Performance Comparison
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Returns By Period
In the year-to-date period, THPBX achieves a 5.48% return, which is significantly lower than AYBLX's 14.22% return. Over the past 10 years, THPBX has underperformed AYBLX with an annualized return of 8.42%, while AYBLX has yielded a comparatively higher 10.59% annualized return.
THPBX
- 1D
- 0.82%
- 1M
- 1.14%
- YTD
- 5.48%
- 6M
- 5.22%
- 1Y
- 16.34%
- 3Y*
- 11.76%
- 5Y*
- 6.54%
- 10Y*
- 8.42%
AYBLX
- 1D
- 0.93%
- 1M
- 1.85%
- YTD
- 14.22%
- 6M
- 14.00%
- 1Y
- 33.22%
- 3Y*
- 17.09%
- 5Y*
- 9.89%
- 10Y*
- 10.59%
THPBX vs. AYBLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THPBX BNY Mellon Balanced Opportunity Fund | 5.48% | 12.98% | 11.38% | 16.62% | -15.68% | 12.68% | 9.62% | 20.34% | -3.90% | 11.78% |
AYBLX Pioneer Balanced ESG Fund | 14.22% | 19.80% | 9.64% | 15.41% | -14.39% | 15.48% | 12.92% | 22.22% | -4.43% | 15.19% |
Correlation
The correlation between THPBX and AYBLX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 1997 | 0.90 |
The correlation between THPBX and AYBLX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
THPBX vs. AYBLX — Risk / Return Rank
THPBX
AYBLX
THPBX vs. AYBLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Balanced Opportunity Fund (THPBX) and Pioneer Balanced ESG Fund (AYBLX). 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.
| THPBX | AYBLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.61 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 5.12 | -2.94 |
| Martin ratioReturn relative to average drawdown | 10.35 | 23.78 | -13.43 |
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Drawdowns
THPBX vs. AYBLX - Drawdown Comparison
The maximum THPBX drawdown since its inception was -42.24%, which is greater than AYBLX's maximum drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for THPBX and AYBLX.
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Drawdown Indicators
| THPBX | AYBLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.24% | -36.28% | -5.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -6.41% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -13.39% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -20.26% | -3.35% |
Max Drawdown (10Y)Largest decline over 10 years | -26.45% | -24.24% | -2.21% |
Current DrawdownCurrent decline from peak | -0.23% | -0.32% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -3.78% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.38% | +0.19% |
Volatility
THPBX vs. AYBLX - Volatility Comparison
BNY Mellon Balanced Opportunity Fund (THPBX) and Pioneer Balanced ESG Fund (AYBLX) have volatilities of 3.64% and 3.74%, 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.
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Volatility by Period
| THPBX | AYBLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 3.74% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.54% | 7.86% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.06% | 9.94% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.84% | 11.13% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.33% | 11.33% | +1.00% |
THPBX vs. AYBLX - Expense Ratio Comparison
THPBX has a 0.90% expense ratio, which is higher than AYBLX's 0.65% expense ratio.
Dividends
THPBX vs. AYBLX - Dividend Comparison
THPBX's dividend yield for the trailing twelve months is around 7.86%, more than AYBLX's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AYBLX Pioneer Balanced ESG Fund | 3.24% | 3.58% | 2.59% | 1.76% | 3.23% | 8.61% | 4.12% | 6.03% | 9.97% | 9.42% | 2.63% | 4.14% |
THPBX BNY Mellon Balanced Opportunity Fund | 7.86% | 8.30% | 5.42% | 4.78% | 6.32% | 10.48% | 3.26% | 3.57% | 9.72% | 5.19% | 1.32% | 6.17% |
Frequently Asked Questions
With a correlation of 0.92, THPBX and AYBLX 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.
AYBLX has higher volatility (3.74%) compared to THPBX (3.64%). In terms of maximum drawdown, THPBX dropped -42.24% vs AYBLX's -36.28%.
AYBLX currently has the higher Sharpe Ratio (3.30 vs 1.80), 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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