VCAAX vs. PALDX
VCAAX (VALIC Company I Asset Allocation Fund) and PALDX (PGIM 60/40 Allocation Fund) are both Diversified Portfolio funds. Over the past 5 years, VCAAX returned 5.20%/yr vs 8.60%/yr for PALDX. Their correlation of 0.90 means they have usually moved in the same direction. VCAAX charges 0.63%/yr vs 0.03%/yr for PALDX.
Performance
VCAAX vs. PALDX - Performance Comparison
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Returns By Period
In the year-to-date period, VCAAX achieves a 1.76% return, which is significantly lower than PALDX's 6.89% return.
VCAAX
- 1D
- 1.09%
- 1M
- -1.15%
- 6M
- 1.29%
- YTD
- 1.76%
- 1Y
- 7.09%
- 3Y*
- 8.82%
- 5Y*
- 5.20%
- 10Y*
- 6.53%
- ALL TIME*
- 1.71%
PALDX
- 1D
- 0.33%
- 1M
- 0.00%
- 6M
- 4.88%
- YTD
- 6.89%
- 1Y
- 15.61%
- 3Y*
- 15.04%
- 5Y*
- 8.60%
- 10Y*
- —
- ALL TIME*
- 9.93%
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 |
VCAAX vs. PALDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCAAX VALIC Company I Asset Allocation Fund | 1.76% | 5.41% | 15.01% | 18.27% | -16.22% | 16.75% | 11.79% | 15.20% | -12.65% | 6.55% |
PALDX PGIM 60/40 Allocation Fund | 6.89% | 13.62% | 18.96% | 18.90% | -15.65% | 16.30% | 10.68% | 22.27% | -4.12% | 5.95% |
Correlation
The correlation between VCAAX and PALDX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017 | 0.90 |
The correlation between VCAAX and PALDX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
VCAAX vs. PALDX — Risk / Return Rank
VCAAX
PALDX
VCAAX vs. PALDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Asset Allocation Fund (VCAAX) 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.
| VCAAX | PALDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.31 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 2.49 | -1.64 |
| Martin ratioReturn relative to average drawdown | 3.27 | 11.08 | -7.81 |
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Drawdowns
VCAAX vs. PALDX - Drawdown Comparison
The maximum VCAAX drawdown since its inception was -57.75%, which is greater than PALDX's maximum drawdown of -26.16%. Use the drawdown chart below to compare losses from any high point for VCAAX and PALDX.
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Drawdown Indicators
| VCAAX | PALDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.75% | -26.16% | -31.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -5.96% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -16.79% | -16.06% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -20.47% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -27.36% | — | — |
Current DrawdownCurrent decline from peak | -2.19% | -0.92% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -4.03% | -15.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.34% | +0.62% |
Volatility
VCAAX vs. PALDX - Volatility Comparison
VALIC Company I Asset Allocation Fund (VCAAX) and PGIM 60/40 Allocation Fund (PALDX) have volatilities of 2.39% and 2.38%, 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
| VCAAX | PALDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 2.38% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.06% | 6.96% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.48% | 8.59% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.31% | 12.19% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.01% | 12.65% | -1.64% |
VCAAX vs. PALDX - Expense Ratio Comparison
VCAAX has a 0.63% expense ratio, which is higher than PALDX's 0.03% expense ratio.
Dividends
VCAAX vs. PALDX - Dividend Comparison
VCAAX's dividend yield for the trailing twelve months is around 8.21%, more than PALDX's 5.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PALDX PGIM 60/40 Allocation Fund | 5.07% | 5.42% | 10.40% | 2.94% | 6.19% | 6.87% | 2.58% | 4.58% | 3.65% | 1.48% |
VCAAX VALIC Company I Asset Allocation Fund | 8.21% | 0.00% | 1.38% | 5.83% | 18.12% | 0.96% | 2.65% | 9.63% | 1.77% | 2.12% |
Frequently Asked Questions
With a correlation of 0.93, VCAAX and PALDX 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.
VCAAX has higher volatility (2.39%) compared to PALDX (2.38%). In terms of maximum drawdown, VCAAX dropped -57.75% vs PALDX's -26.16%.
PALDX currently has the higher Sharpe Ratio (1.73 vs 0.76), 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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