WBALX vs. PALDX

Last updated Aug 4, 2026

WBALX (Weitz Balanced Fund) and PALDX (PGIM 60/40 Allocation Fund) are both Diversified Portfolio funds. Over the past 5 years, WBALX returned 2.67%/yr vs 8.60%/yr for PALDX. Their correlation of 0.81 means they have usually moved in the same direction. WBALX charges 0.85%/yr vs 0.03%/yr for PALDX.

Performance

WBALX vs. PALDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Weitz Balanced Fund (WBALX) 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, WBALX achieves a 1.73% return, which is significantly lower than PALDX's 6.89% return.

WBALX

• 1D: -0.24%
• 1M: 0.18%
• 6M: 0.52%
• YTD: 1.73%
• 1Y: 4.56%
• 3Y*: 4.68%
• 5Y*: 2.67%
• 10Y*: 5.70%
• ALL TIME*: 5.52%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PALDX PGIM 60/40 Allocation Fund	$0.00	$0.00	$0.00
WBALX Weitz Balanced Fund	$0.00	$0.00	$0.00

WBALX vs. PALDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WBALX Weitz Balanced Fund	1.73%	3.77%	6.85%	9.27%	-9.95%	13.11%	8.13%	17.94%	-1.79%	1.18%
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 WBALX and PALDX is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017	0.81

Over the past year, the correlation between WBALX and PALDX has dropped to 0.49 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

WBALX vs. PALDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WBALX

WBALX Risk / Return Rank: 15
WBALX Sharpe Ratio Rank: 16
WBALX Sortino Ratio Rank: 16
WBALX Omega Ratio Rank: 15
WBALX Calmar Ratio Rank: 13
WBALX Martin Ratio Rank: 14

PALDX

PALDX Risk / Return Rank: 73
PALDX Sharpe Ratio Rank: 70
PALDX Sortino Ratio Rank: 70
PALDX Omega Ratio Rank: 68
PALDX Calmar Ratio Rank: 74
PALDX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WBALX vs. PALDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Weitz Balanced Fund (WBALX) 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.

	WBALX	PALDX	Difference
Sharpe ratio: Return per unit of total volatility	0.68	1.73	-1.05
Sortino ratio: Return per unit of downside risk	1.06	2.48	-1.42
Omega ratio: Gain probability vs. loss probability	1.12	1.31	-0.20
Calmar ratio: Return relative to maximum drawdown	0.72	2.49	-1.77
Martin ratio: Return relative to average drawdown	2.10	11.08	-8.98

WBALX vs. PALDX - Sharpe Ratio Comparison

The current WBALX Sharpe Ratio is 0.68, which is lower than the PALDX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of WBALX 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

WBALX vs. PALDX - Drawdown Comparison

The maximum WBALX drawdown since its inception was -43.04%, which is greater than PALDX's maximum drawdown of -26.16%. Use the drawdown chart below to compare losses from any high point for WBALX and PALDX.

Drawdown Indicators

	WBALX	PALDX	Difference
Max Drawdown Largest peak-to-trough decline	-43.04%	-26.16%	-16.88%
Max Drawdown (1Y) Largest decline over 1 year	-6.02%	-5.96%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-6.82%	-16.06%	+9.24%
Max Drawdown (5Y) Largest decline over 5 years	-14.81%	-20.47%	+5.66%
Max Drawdown (10Y) Largest decline over 10 years	-15.93%	—	—
Current Drawdown Current decline from peak	-0.48%	-0.92%	+0.44%
Average Drawdown Average peak-to-trough decline	-4.10%	-4.03%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.34%	+0.72%

Volatility

WBALX vs. PALDX - Volatility Comparison

The current volatility for Weitz Balanced Fund (WBALX) is 2.20%, while PGIM 60/40 Allocation Fund (PALDX) has a volatility of 2.38%. This indicates that WBALX experiences smaller price fluctuations and is considered to be less risky than PALDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WBALX	PALDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.20%	2.38%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	5.14%	6.96%	-1.82%
Volatility (1Y) Calculated over the trailing 1-year period	6.39%	8.59%	-2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.42%	12.19%	-4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.70%	12.65%	-4.95%

WBALX vs. PALDX - Expense Ratio Comparison

WBALX has a 0.85% expense ratio, which is higher than PALDX's 0.03% expense ratio.

Dividends

WBALX vs. PALDX - Dividend Comparison

WBALX's dividend yield for the trailing twelve months is around 6.48%, more than PALDX's 5.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
WBALX Weitz Balanced Fund	6.48%	4.95%	4.98%	1.11%	1.95%	2.57%	1.08%	1.88%	9.78%	2.72%	3.26%	5.51%

Frequently Asked Questions

Can I hold both WBALX and PALDX in my portfolio?

WBALX and PALDX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WBALX or PALDX?

PALDX has higher volatility (2.38%) compared to WBALX (2.20%). In terms of maximum drawdown, WBALX dropped -43.04% vs PALDX's -26.16%.

Which has better risk-adjusted returns?

PALDX currently has the higher Sharpe Ratio (1.73 vs 0.68), 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.