VLAAX vs. PGEOX
VLAAX (Value Line Asset Allocation Fund) and PGEOX (George Putnam Balanced Fund) are both Diversified Portfolio funds. Over the past 10 years, VLAAX returned 7.04%/yr vs 9.71%/yr for PGEOX. Their correlation of 0.81 means they have usually moved in the same direction. VLAAX charges 1.04%/yr vs 0.94%/yr for PGEOX.
Performance
VLAAX vs. PGEOX - Performance Comparison
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Returns By Period
In the year-to-date period, VLAAX achieves a -3.92% return, which is significantly lower than PGEOX's 7.17% return. Over the past 10 years, VLAAX has underperformed PGEOX with an annualized return of 7.04%, while PGEOX has yielded a comparatively higher 9.71% annualized return.
VLAAX
- 1D
- -1.00%
- 1M
- -0.65%
- 6M
- -2.34%
- YTD
- -3.92%
- 1Y
- -9.23%
- 3Y*
- 3.51%
- 5Y*
- 1.77%
- 10Y*
- 7.04%
- ALL TIME*
- 8.80%
PGEOX
- 1D
- 1.38%
- 1M
- -0.32%
- 6M
- 6.02%
- YTD
- 7.17%
- 1Y
- 15.58%
- 3Y*
- 15.74%
- 5Y*
- 8.53%
- 10Y*
- 9.71%
- ALL TIME*
- 5.21%
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 |
VLAAX vs. PGEOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLAAX Value Line Asset Allocation Fund | -3.92% | -2.61% | 9.36% | 21.52% | -15.70% | 11.77% | 15.24% | 25.40% | 2.00% | 14.94% |
PGEOX George Putnam Balanced Fund | 7.17% | 14.02% | 20.65% | 19.93% | -17.59% | 13.80% | 9.25% | 22.61% | -3.03% | 15.02% |
Correlation
The correlation between VLAAX and PGEOX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 1993 | 0.81 |
Over the past year, the correlation between VLAAX and PGEOX has dropped to 0.42 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
VLAAX vs. PGEOX — Risk / Return Rank
VLAAX
PGEOX
VLAAX vs. PGEOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Value Line Asset Allocation Fund (VLAAX) and George Putnam Balanced Fund (PGEOX). 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.
| VLAAX | PGEOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.83 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.31 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.59 | -3.31 |
| Martin ratioReturn relative to average drawdown | -1.16 | 10.75 | -11.92 |
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Drawdowns
VLAAX vs. PGEOX - Drawdown Comparison
The maximum VLAAX drawdown since its inception was -43.95%, smaller than the maximum PGEOX drawdown of -50.63%. Use the drawdown chart below to compare losses from any high point for VLAAX and PGEOX.
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Drawdown Indicators
| VLAAX | PGEOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -50.63% | +6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -5.72% | -8.27% |
Max Drawdown (3Y)Largest decline over 3 years | -20.28% | -12.61% | -7.67% |
Max Drawdown (5Y)Largest decline over 5 years | -22.26% | -21.36% | -0.90% |
Max Drawdown (10Y)Largest decline over 10 years | -23.89% | -23.00% | -0.89% |
Current DrawdownCurrent decline from peak | -17.01% | -1.58% | -15.43% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -11.71% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.65% | 1.38% | +7.27% |
Volatility
VLAAX vs. PGEOX - Volatility Comparison
Value Line Asset Allocation Fund (VLAAX) has a higher volatility of 3.41% compared to George Putnam Balanced Fund (PGEOX) at 2.40%. This indicates that VLAAX's price experiences larger fluctuations and is considered to be riskier than PGEOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLAAX | PGEOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 2.40% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 7.09% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.42% | 8.82% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.71% | 11.51% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 11.64% | +1.29% |
VLAAX vs. PGEOX - Expense Ratio Comparison
VLAAX has a 1.04% expense ratio, which is higher than PGEOX's 0.94% expense ratio.
Dividends
VLAAX vs. PGEOX - Dividend Comparison
VLAAX's dividend yield for the trailing twelve months is around 12.72%, more than PGEOX's 7.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGEOX George Putnam Balanced Fund | 7.75% | 8.13% | 7.99% | 1.10% | 0.89% | 7.75% | 1.05% | 5.22% | 9.04% | 1.10% | 1.18% | 1.13% |
VLAAX Value Line Asset Allocation Fund | 12.72% | 12.22% | 10.14% | 9.88% | 6.00% | 6.43% | 0.53% | 1.74% | 3.09% | 4.34% | 2.38% | 2.98% |
Frequently Asked Questions
VLAAX and PGEOX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLAAX has higher volatility (3.41%) compared to PGEOX (2.40%). In terms of maximum drawdown, VLAAX dropped -43.95% vs PGEOX's -50.63%.
PGEOX currently has the higher Sharpe Ratio (1.68 vs -1.07), 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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