TSUMX vs. PALDX

Last updated Jun 24, 2026

TSUMX (Thornburg Summit Fund Class I) and PALDX (PGIM 60/40 Allocation Fund) are both Diversified Portfolio funds. Over the past 5 years, TSUMX returned 8.58%/yr vs 9.30%/yr for PALDX. Their correlation of 0.85 suggests significant overlap in exposure. TSUMX charges 0.70%/yr vs 0.03%/yr for PALDX.

Performance

TSUMX vs. PALDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thornburg Summit Fund Class I (TSUMX) and PGIM 60/40 Allocation Fund (PALDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with TSUMX having a 7.24% return and PALDX slightly higher at 7.25%.

TSUMX

• 1D: -0.65%
• 1M: -0.99%
• YTD: 7.24%
• 6M: 7.61%
• 1Y: 21.46%
• 3Y*: 15.03%
• 5Y*: 8.58%
• 10Y*: —

PALDX

• 1D: -0.13%
• 1M: 0.80%
• YTD: 7.25%
• 6M: 6.72%
• 1Y: 19.39%
• 3Y*: 16.29%
• 5Y*: 9.30%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSUMX vs. PALDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TSUMX Thornburg Summit Fund Class I	7.24%	20.51%	11.42%	12.31%	-9.79%	14.63%	27.80%	9.43%
PALDX PGIM 60/40 Allocation Fund	7.25%	13.62%	18.96%	18.90%	-15.65%	16.30%	10.68%	14.34%

Correlation

The correlation between TSUMX and PALDX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Mar 12, 2019	0.85

The correlation between TSUMX and PALDX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

TSUMX vs. PALDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSUMX

TSUMX Risk / Return Rank: 83
TSUMX Sharpe Ratio Rank: 87
TSUMX Sortino Ratio Rank: 82
TSUMX Omega Ratio Rank: 82
TSUMX Calmar Ratio Rank: 80
TSUMX Martin Ratio Rank: 83

PALDX

PALDX Risk / Return Rank: 81
PALDX Sharpe Ratio Rank: 80
PALDX Sortino Ratio Rank: 79
PALDX Omega Ratio Rank: 77
PALDX Calmar Ratio Rank: 79
PALDX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSUMX vs. PALDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thornburg Summit Fund Class I (TSUMX) and PGIM 60/40 Allocation Fund (PALDX). 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.

	TSUMX	PALDX	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.42	+0.21
Sortino ratio: Return per unit of downside risk	3.60	3.44	+0.16
Omega ratio: Gain probability vs. loss probability	1.50	1.46	+0.04
Calmar ratio: Return relative to maximum drawdown	3.48	3.39	+0.10
Martin ratio: Return relative to average drawdown	14.38	15.68	-1.30

TSUMX vs. PALDX - Sharpe Ratio Comparison

The current TSUMX Sharpe Ratio is 2.63, which is comparable to the PALDX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of TSUMX and PALDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSUMX vs. PALDX - Drawdown Comparison

The maximum TSUMX drawdown since its inception was -28.87%, which is greater than PALDX's maximum drawdown of -26.16%. Use the drawdown chart below to compare losses from any high point for TSUMX and PALDX.

Drawdown Indicators

	TSUMX	PALDX	Difference
Max Drawdown Largest peak-to-trough decline	-28.87%	-26.16%	-2.71%
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	-5.96%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-10.37%	-16.06%	+5.69%
Max Drawdown (5Y) Largest decline over 5 years	-28.87%	-20.47%	-8.40%
Current Drawdown Current decline from peak	-2.86%	-0.59%	-2.27%
Average Drawdown Average peak-to-trough decline	-7.57%	-4.07%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	1.29%	+0.22%

Volatility

TSUMX vs. PALDX - Volatility Comparison

Thornburg Summit Fund Class I (TSUMX) and PGIM 60/40 Allocation Fund (PALDX) have volatilities of 3.26% and 3.21%, 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.

Volatility by Period

	TSUMX	PALDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	3.21%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	6.53%	6.74%	-0.21%
Volatility (1Y) Calculated over the trailing 1-year period	8.32%	8.35%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.96%	12.17%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.70%	12.69%	+1.01%

TSUMX vs. PALDX - Expense Ratio Comparison

TSUMX has a 0.70% expense ratio, which is higher than PALDX's 0.03% expense ratio.

Dividends

TSUMX vs. PALDX - Dividend Comparison

TSUMX's dividend yield for the trailing twelve months is around 6.46%, more than PALDX's 5.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PALDX PGIM 60/40 Allocation Fund	5.05%	5.42%	10.40%	2.94%	6.19%	6.87%	2.58%	4.58%	3.65%	1.48%
TSUMX Thornburg Summit Fund Class I	6.46%	6.22%	4.86%	2.03%	2.61%	19.21%	5.11%	1.77%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSUMX and PALDX in my portfolio?

TSUMX and PALDX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSUMX or PALDX?

TSUMX has higher volatility (3.26%) compared to PALDX (3.21%). In terms of maximum drawdown, TSUMX dropped -28.87% vs PALDX's -26.16%.

Which has better risk-adjusted returns?

TSUMX currently has the higher Sharpe Ratio (2.63 vs 2.42), 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.