PBL vs CEV

Comparison between PGIM PORTFOLIO BALLAST ETF (PBL, ETF) and Eaton Vance California Municipal Income Trust (CEV, ETF).

PBL vs CEV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PBL(ETF)	CEV(ETF)
Net Assets	$81M	$78M
Expense Ratio	0.45%	N/A
Max Drawdown	17.27%	61.83%
Sharpe Ratio	1.34	1.06
5Y Beta	0.60	0.13
5Y Dividends CAGR	N/A	2.84%

Net Assets

Winner

PBL

$81M

CEV

$78M

Expense Ratio

PBL

0.45%

CEV

N/A

Max Drawdown

Winner

PBL

17.27%

CEV

61.83%

Sharpe Ratio

Winner

PBL

1.34

CEV

1.06

5Y Beta

PBL

0.60

Winner

CEV

0.13

5Y Dividends CAGR

PBL

N/A

CEV

2.84%

PBL vs CEV - Historical Returns

Returns include dividend reinvestment.

Period	PBL	CEV
1 month	+1.32%	+2.17%
3 months	+9.26%	-0.09%
6 months	+7.89%	+3.95%
1 year	+18.17%	+13.45%
5 years(CAGR)	N/A	-0.75%
10 years(CAGR)	N/A	+1.44%
Max(CAGR)	+13.51%	+5.10%

PBL

+1.32%

Winner

CEV

+2.17%

Winner

PBL

+9.26%

CEV

-0.09%

Winner

PBL

+7.89%

CEV

+3.95%

Winner

PBL

+18.17%

CEV

+13.45%

5Y(CAGR)

PBL

N/A

CEV

-0.75%

10Y(CAGR)

PBL

N/A

CEV

+1.44%

Max(CAGR)

Winner

PBL

+13.51%

CEV

+5.10%

PBL vs CEV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PBL	CEV
2026	+7.78%	+5.39%
2025	+12.58%	+5.19%
2024	+17.42%	+1.93%
2023	+14.10%	+8.06%
2022	-3.52%	-24.31%
2021	N/A	+2.98%
2020	N/A	+6.21%
2019	N/A	+25.02%
2018	N/A	-4.89%
2017	N/A	+2.64%
2016	N/A	-3.39%
2015	N/A	+7.78%
2014	N/A	+22.63%
2013	N/A	-17.98%
2012	N/A	+16.53%
2011	N/A	+23.43%
2010	N/A	+4.71%
2009	N/A	+60.06%
2008	N/A	-39.27%
2007	N/A	-7.13%
2006	N/A	+12.80%
2005	N/A	-2.30%
2004	N/A	+7.28%
2003	N/A	+15.22%
2002	N/A	+5.14%
2001	N/A	+21.58%
2000	N/A	+13.59%
1999	N/A	-7.78%

PBL vs CEV Drawdown Comparison

The maximum drawdown for PBL was -11.62%, occurring on Apr 8, 2025. Recovery took 136 trading sessions.

The maximum drawdown for CEV was -58.45%, occurring on Dec 16, 2008. Recovery took 764 trading sessions.

The current PBL drawdown is -0.35%. The current CEV drawdown is -9.06%.

Rank	PBL	CEV
#1	-11.62% Dec 6, 2024 - Jun 26, 2025	-58.45% May 21, 2007 - Jun 2, 2010
#2	-7.88% Aug 1, 2023 - Dec 12, 2023	-32.99% Nov 12, 2021 - Oct 31, 2022
#3	-5.82% Jan 28, 2026 - Apr 15, 2026	-26.49% Feb 12, 2013 - Jan 29, 2015
#4	-5.70% Jul 16, 2024 - Sep 19, 2024	-25.93% Feb 19, 2020 - Jul 31, 2020
#5	-4.95% Feb 2, 2023 - May 22, 2023	-19.14% Apr 6, 2016 - Aug 2, 2019
#6	-4.22% Mar 28, 2024 - May 15, 2024	-18.74% Sep 7, 2010 - Aug 22, 2011
#7	-4.18% Dec 14, 2022 - Feb 1, 2023	-14.62% Nov 9, 1999 - Apr 12, 2000
#8	-3.95% Oct 28, 2025 - Dec 24, 2025	-14.25% Apr 13, 2000 - Aug 21, 2000
#9	-3.36% Jun 4, 2026 - Jun 10, 2026	-13.63% Mar 17, 2004 - Sep 14, 2004
#10	-2.29% May 14, 2026 - May 28, 2026	-12.41% Jul 2, 2003 - Dec 19, 2003
#11	-2.27% Oct 7, 2025 - Oct 23, 2025	-11.73% Oct 8, 2002 - May 14, 2003
#12	-2.22% Oct 18, 2024 - Nov 6, 2024	-11.55% Feb 14, 2005 - Mar 1, 2006
#13	-1.89% Jan 12, 2026 - Jan 27, 2026	-11.18% May 11, 2006 - Dec 1, 2006
#14	-1.68% Feb 12, 2024 - Feb 22, 2024	-10.25% Nov 12, 2001 - Feb 6, 2002
#15	-1.59% Dec 27, 2023 - Jan 19, 2024	-9.96% Feb 7, 2001 - Aug 1, 2001

Correlation

Correlation between PBL and CEV is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (1999 - 2026)

PBL vs CEV dividend yield comparison.

Year	PBL	CEV
2026	0.00%	2.91%
2025	2.21%	5.98%
2024	6.89%	5.58%
2023	7.92%	4.14%
2022	0.16%	5.24%
2021	0.00%	4.17%
2020	0.00%	4.00%
2019	0.00%	3.95%
2018	0.00%	4.25%
2017	0.00%	4.01%
2016	0.00%	4.81%
2015	0.00%	5.46%
2014	0.00%	5.75%
2013	0.00%	7.07%
2012	0.00%	5.84%
2011	0.00%	6.78%
2010	0.00%	7.57%
2009	0.00%	6.69%
2008	0.00%	8.81%
2007	0.00%	5.06%
2006	0.00%	4.87%
2005	0.00%	6.29%
2004	0.00%	6.81%
2003	0.00%	6.34%
2002	0.00%	6.71%
2001	0.00%	5.33%
2000	0.00%	5.99%
1999	0.00%	1.16%