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American Funds Strategic Bond Fund (ANBAX) Sharpe Ratio: 0.54

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks to provide maximum total return consistent with preservation of capital. The fund will invest at least 80% of its assets in bonds and other debt securities, which may be represented by derivatives. It may invest in a broad range of debt securities, including corporate bonds and debt and mortgage-backed securities issued by government-sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government.

ANBAX's Sharpe Ratio of 0.54 indicates that for each unit of volatility, it generates 0.54 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

ANBAX Sharpe Ratio Rank

ANBAX Sharpe Ratio Rank: 6.46
Concerning

ANBAX ranks above 6.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

ANBAX Sharpe Ratio Market Positioning

The chart shows ANBAX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.65+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares American Funds Strategic Bond Fund's Sharpe Ratio with other mutual funds in the Intermediate Core-Plus Bond category across multiple time periods, showing how ANBAX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
HOBIXHolbrook Income Fund Class I3.31
LCTIXLeader Capital High Quality Income Fund Institutional Shares2.72
LCTRXLeader Capital High Quality Floating Rate Fund Investor Shares2.60
MDVAXMassMutual Diversified Bond Fund2.49
AMFIXAAMA Income Fund2.39
ARINXArcher Income Fund2.22
GUGAXGMO Multi-Sector Fixed Income Fund2.03
TSHFXTransamerica Asset Allocation Short Horizon1.95
BILDXDoubleLine Infrastructure Income Fund1.88
PGSIXPutnam Mortgage Securities Fund1.87
ANBAXAmerican Funds Strategic Bond Fund0.54

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ANBAX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ANBAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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