UEIIX vs. PALDX

Last updated Jun 6, 2026

UEIIX (Invesco V.I. Equity and Income Fund) and PALDX (PGIM 60/40 Allocation Fund) are both Diversified Portfolio funds. Over the past 5 years, UEIIX returned 7.11%/yr vs 9.37%/yr for PALDX. Their correlation of 0.82 suggests significant overlap in exposure. UEIIX charges 0.81%/yr vs 0.03%/yr for PALDX.

Performance

UEIIX vs. PALDX - Performance Comparison

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

Returns By Period

In the year-to-date period, UEIIX achieves a 6.79% return, which is significantly lower than PALDX's 7.68% return.

UEIIX

• 1D: 1.10%
• 1M: 0.52%
• YTD: 6.79%
• 6M: 7.68%
• 1Y: 18.48%
• 3Y*: 13.79%
• 5Y*: 7.11%
• 10Y*: 9.05%

PALDX

• 1D: 0.26%
• 1M: 1.54%
• YTD: 7.68%
• 6M: 8.10%
• 1Y: 20.86%
• 3Y*: 17.02%
• 5Y*: 9.37%
• 10Y*: —

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

UEIIX vs. PALDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UEIIX Invesco V.I. Equity and Income Fund	6.79%	12.55%	11.92%	10.23%	-7.72%	18.37%	9.74%	19.96%	-9.69%	4.96%
PALDX PGIM 60/40 Allocation Fund	7.68%	13.62%	18.96%	18.90%	-15.65%	16.30%	10.68%	22.27%	-4.12%	5.95%

Correlation

The correlation between UEIIX and PALDX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 14, 2017	0.82

The correlation between UEIIX and PALDX has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

Return for Risk

UEIIX vs. PALDX — Risk / Return Rank

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

UEIIX

UEIIX Risk / Return Rank: 69
UEIIX Sharpe Ratio Rank: 65
UEIIX Sortino Ratio Rank: 67
UEIIX Omega Ratio Rank: 63
UEIIX Calmar Ratio Rank: 75
UEIIX Martin Ratio Rank: 76

PALDX

PALDX Risk / Return Rank: 81
PALDX Sharpe Ratio Rank: 81
PALDX Sortino Ratio Rank: 80
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.

UEIIX vs. PALDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco V.I. Equity and Income Fund (UEIIX) 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.

	UEIIX	PALDX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.61	-0.29
Sortino ratio: Return per unit of downside risk	3.33	3.75	-0.42
Omega ratio: Gain probability vs. loss probability	1.43	1.49	-0.06
Calmar ratio: Return relative to maximum drawdown	3.29	3.45	-0.16
Martin ratio: Return relative to average drawdown	13.77	16.38	-2.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UEIIX vs. PALDX - Sharpe Ratio Comparison

The current UEIIX Sharpe Ratio is 2.31, which is comparable to the PALDX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of UEIIX 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.

Sharpe Ratios by Period

	UEIIX	PALDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.61	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.78	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.81	-0.16

Drawdowns

UEIIX vs. PALDX - Drawdown Comparison

The maximum UEIIX drawdown since its inception was -38.95%, which is greater than PALDX's maximum drawdown of -26.16%. Use the drawdown chart below to compare losses from any high point for UEIIX and PALDX.

Drawdown Indicators

	UEIIX	PALDX	Difference
Max Drawdown Largest peak-to-trough decline	-38.95%	-26.16%	-12.79%
Max Drawdown (1Y) Largest decline over 1 year	-5.60%	-5.96%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-12.29%	-16.06%	+3.77%
Max Drawdown (5Y) Largest decline over 5 years	-16.90%	-20.47%	+3.57%
Max Drawdown (10Y) Largest decline over 10 years	-29.61%	—	—
Current Drawdown Current decline from peak	0.00%	-0.20%	+0.20%
Average Drawdown Average peak-to-trough decline	-4.55%	-4.08%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	1.25%	+0.09%

Volatility

UEIIX vs. PALDX - Volatility Comparison

Invesco V.I. Equity and Income Fund (UEIIX) and PGIM 60/40 Allocation Fund (PALDX) have volatilities of 2.31% and 2.25%, 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

	UEIIX	PALDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.31%	2.25%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	6.19%	6.19%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	7.97%	7.90%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.10%	12.11%	-1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.70%	12.69%	+0.01%

UEIIX vs. PALDX - Expense Ratio Comparison

UEIIX has a 0.81% expense ratio, which is higher than PALDX's 0.03% expense ratio.

Dividends

UEIIX vs. PALDX - Dividend Comparison

UEIIX's dividend yield for the trailing twelve months is around 6.95%, more than PALDX's 5.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PALDX PGIM 60/40 Allocation Fund	5.03%	5.42%	10.40%	2.94%	6.19%	6.87%	2.58%	4.58%	3.65%	1.48%	0.00%	0.00%
UEIIX Invesco V.I. Equity and Income Fund	6.95%	7.42%	5.66%	7.20%	18.01%	2.61%	6.42%	9.95%	7.58%	3.22%	4.64%	13.33%

Frequently Asked Questions

Can I hold both UEIIX and PALDX in my portfolio?

UEIIX and PALDX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UEIIX or PALDX?

UEIIX has higher volatility (2.31%) compared to PALDX (2.25%). In terms of maximum drawdown, UEIIX dropped -38.95% vs PALDX's -26.16%.

Which has better risk-adjusted returns?

PALDX currently has the higher Sharpe Ratio (2.61 vs 2.31), 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.