AMEFX Alternatives & Similar Mutual Funds

American Funds The Income Fund of America® Class F-2 (AMEFX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AMEFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to AMEFX

AMEFX charges 0.37% annually. There are 126 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FRGAX	Fidelity 70% Allocation Fund	0.02%	—	Jan 2022	AMEFX vs FRGAX
PALDX	PGIM 60/40 Allocation Fund	0.03%	—	Sep 2017	AMEFX vs PALDX
TSAIX	TIAA-CREF Lifestyle Aggressive Growth Fund	0.04%	—	Dec 2011	AMEFX vs TSAIX
BWBIX	Baron WealthBuilder Fund	0.05%	—	Dec 2017	AMEFX vs BWBIX
FYMIX	Fidelity Sustainable Multi-Asset Fund	0.05%	—	Feb 2022	AMEFX vs FYMIX

Best Risk-Adjusted Alternatives to AMEFX

AMEFX has a PortfoliosLab risk / return rank of 54. There are 370 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	99	—	Nov 2003	AMEFX vs STDAX
TIBIX	Thornburg Investment Income Builder Fund Class I	98	—	Dec 2002	AMEFX vs TIBIX
EKBAX	Allspring Diversified Capital Builder Fund	97	—	Jan 1998	AMEFX vs EKBAX
NWQIX	Nuveen Flexible Income Fund	97	—	Dec 2009	AMEFX vs NWQIX
FSRKX	Fidelity Strategic Real Return Fund Class K6	96	—	Sep 2005	AMEFX vs FSRKX

Top Performing AMEFX Alternatives (YTD)

AMEFX is at 6.40% YTD. There are 307 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 36.56%.

Symbol	Name	YTD Return	AUM	Inception
EKBAX	Allspring Diversified Capital Builder Fund	36.56%	—	Jan 1998	AMEFX vs EKBAX
GRSPX	Greenspring Fund	21.59%	—	Jun 1983	AMEFX vs GRSPX
TIBIX	Thornburg Investment Income Builder Fund Class I	17.96%	—	Dec 2002	AMEFX vs TIBIX
MHELX	MH Elite Small Cap Fund of Funds Fund	17.65%	—	Aug 1998	AMEFX vs MHELX
DGIFX	Disciplined Growth Investors Fund	17.45%	—	Aug 2011	AMEFX vs DGIFX

Lowest Volatility Alternatives to AMEFX

AMEFX has 7.16% 1-year volatility. There are 194 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.

Symbol	Name	Volatility 1Y	AUM	Inception
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	0.86%	—	Nov 2003	AMEFX vs STDAX
SCLAX	SEI Institutional Managed Trust Multi-Asset Capita...	2.63%	—	Apr 2012	AMEFX vs SCLAX
SICIX	SEI Asset Allocation Trust Conservative Strategy F...	2.80%	—	Nov 2003	AMEFX vs SICIX
AVEFX	Ave Maria Bond Fund	2.93%	—	Apr 2003	AMEFX vs AVEFX
CSTAX	American Funds College 2027 Fund	3.03%	—	Sep 2012	AMEFX vs CSTAX

Lowest Drawdown Alternatives to AMEFX

AMEFX has a 1-year max drawdown of -6.10%. There are 238 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	-0.36%	—	Nov 2003	AMEFX vs STDAX
FSRKX	Fidelity Strategic Real Return Fund Class K6	-1.93%	—	Sep 2005	AMEFX vs FSRKX
FIQDX	Fidelity Advisor Strategic Real Return Fund Class ...	-1.94%	—	Oct 2018	AMEFX vs FIQDX
FCSRX	Fidelity Advisor Strategic Real Return Fund Class ...	-1.99%	—	Sep 2005	AMEFX vs FCSRX
FSRRX	Fidelity Strategic Real Return Fund	-2.05%	—	Sep 2005	AMEFX vs FSRRX

Other Mutual Funds from American Funds

The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, RGAGX and span 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	85	9.98%	—	Jul 1975	AMEFX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	55	10.91%	—	Jan 1934	AMEFX vs AIVSX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	35	10.24%	—	Dec 1973	AMEFX vs RGAGX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	38	5.89%	—	Jul 1952	AMEFX vs AWSHX
RERGX	American Funds EuroPacific Growth Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities	40	12.33%	—	—	AMEFX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities	75	15.14%	—	Jan 1978	AMEFX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Large Cap Growth Equities, Global Equities	29	7.38%	—	Mar 1973	AMEFX vs ANWPX
GFFFX	American Funds The Growth Fund of America	Large Cap Growth Equities	34	10.19%	—	Dec 1973	AMEFX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	53	6.34%	—	Dec 1973	AMEFX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	27	6.34%	—	Jan 1967	AMEFX vs AMCPX

Often Compared With AMEFX

Investors most often compare AMEFX with VOO, FXAIX, VSMGX. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	AMEFX vs VOO
FXAIX	Fidelity 500 Index Fund	S&P 500	73	11.71%	—	Feb 1988	AMEFX vs FXAIX
VSMGX	Vanguard LifeStrategy Moderate Growth Fund	Diversified Portfolio	69	8.24%	23.90B	Sep 1994	AMEFX vs VSMGX
BERIX	Chartwell Income Fund	Diversified Portfolio	88	4.78%	—	Sep 1987	AMEFX vs BERIX
SIFAX	SEI Institutional Managed Trust Multi-Asset Inflat...	Diversified Portfolio	73	8.08%	—	Apr 2012	AMEFX vs SIFAX
IOEZX	ICON Equity Income Fund	Diversified Portfolio	70	13.83%	—	May 2004	AMEFX vs IOEZX
QBDSX	Quantified Managed Income Fund	Diversified Portfolio	7	0.25%	—	Aug 2013	AMEFX vs QBDSX
CONWX	Concorde Wealth Management Fund	Diversified Portfolio	71	6.98%	—	Dec 1987	AMEFX vs CONWX
TPDAX	Timothy Plan Defensive Strategies Fund	Diversified Portfolio	59	10.96%	—	Nov 2009	AMEFX vs TPDAX
PMAIX	Pioneer Multi-Asset Income Fund A	Diversified Portfolio, Dividend	89	5.84%	—	Dec 2011	AMEFX vs PMAIX
WWWEX	Kinetics The Global Fund	Diversified Portfolio	3	4.42%	—	Dec 1999	AMEFX vs WWWEX
PUDZX	PGIM Real Assets Fund	Diversified Portfolio	89	13.05%	—	Dec 2010	AMEFX vs PUDZX
AAAAX	DWS RREEF Real Assets Fund - Class A	Diversified Portfolio	46	10.64%	—	Jul 2007	AMEFX vs AAAAX
BLNDX	Standpoint Multi-Asset Fund Institutional	Diversified Portfolio	75	17.17%	—	Dec 2019	AMEFX vs BLNDX
DGTSX	DFA Global Allocation 25/75 Portfolio	Diversified Portfolio	89	4.30%	—	Dec 2003	AMEFX vs DGTSX
ANWFX	American Funds New Perspective Fund Class F-2	Global Equities	29	7.45%	—	Mar 1973	AMEFX vs ANWFX
FSIRX	Fidelity Advisor Strategic Real Return Fund Class ...	Diversified Portfolio	96	8.74%	—	Sep 2005	AMEFX vs FSIRX
PPTY	US Diversified Real Estate ETF	REIT	23	9.18%	31.01M	Mar 2018	AMEFX vs PPTY
CAIBX	American Funds Capital Income Builder Class A	Diversified Portfolio	60	7.79%	—	Jul 1987	AMEFX vs CAIBX
FRDPX	Franklin Rising Dividends Fund	Large Cap Blend Equities	34	5.86%	—	Jan 1987	AMEFX vs FRDPX

Compare AMEFX with Any Fund or Stock

Compare AMEFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair AMEFX with funds that move differently

American Funds The Income Fund of America® Class F-2 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AMEFX.

Explore AMEFX Diversifiers

American Funds The Income Fund of America® Class F-2 (AMEFX) Alternatives