- CUSIP
- 024071508
- Issuer
- American Funds
- Inception Date
- Jul 26, 1975
- Category
- Diversified Portfolio
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
CLBAX Performance Chart
American Funds American Balanced Fund Class 529-A (CLBAX) is up 9.8% since the beginning of the year. CLBAX is currently trading at $41 per share. Investors who bought $1,000 worth of CLBAX shares 5 years ago would now be looking at an investment worth $1,603.
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Returns By Period
American Funds American Balanced Fund Class 529-A (CLBAX) has returned 9.75% so far this year and 23.81% over the past 12 months. Over the last ten years, CLBAX has returned 10.09% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
American Funds American Balanced Fund Class 529-A
- 1D
- 0.84%
- 1M
- 1.76%
- YTD
- 9.75%
- 6M
- 10.04%
- 1Y
- 23.81%
- 3Y*
- 16.85%
- 5Y*
- 9.90%
- 10Y*
- 10.09%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CLBAX Monthly Returns History
Based on dividend-adjusted daily data since Feb 15, 2002, CLBAX's average daily return is +0.03%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +7.8%, while the worst month was Oct 2008 at -11.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CLBAX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +6.6%, while the worst single day was Mar 16, 2020 at -7.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.62% | 1.56% | -5.17% | 7.08% | 3.45% | 0.24% | 9.75% | ||||||
| 2025 | 2.89% | -0.26% | -2.80% | -0.26% | 3.91% | 4.54% | 0.93% | 1.57% | 2.98% | 1.69% | 1.84% | 0.23% | 18.43% |
| 2024 | 0.72% | 2.58% | 2.75% | -3.26% | 2.97% | 2.79% | 1.86% | 1.68% | 1.73% | -1.10% | 2.90% | -1.38% | 14.96% |
| 2023 | 4.04% | -3.28% | 2.15% | 1.33% | -0.74% | 3.31% | 2.07% | -1.38% | -3.51% | -1.53% | 6.61% | 4.32% | 13.61% |
| 2022 | -3.32% | -1.52% | 0.79% | -5.51% | 1.59% | -6.17% | 4.52% | -3.09% | -7.14% | 5.20% | 5.62% | -2.77% | -12.16% |
| 2021 | -0.66% | 1.50% | 2.89% | 2.95% | 1.81% | 0.57% | 1.17% | 1.46% | -3.16% | 3.75% | -0.99% | 3.63% | 15.70% |
Benchmark Metrics
American Funds American Balanced Fund Class 529-A has an annualized alpha of 2.74%, beta of 0.59, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since February 15, 2002.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (67.88%) than losses (64.25%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.74% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.59 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.74%
- Beta
- 0.59
- R²
- 0.93
- Upside Capture
- 67.88%
- Downside Capture
- 64.25%
Expense Ratio
CLBAX has an expense ratio of 0.58%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CLBAX ranks 83 for risk / return — in the top 83% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for American Funds American Balanced Fund Class 529-A (CLBAX) and compare them to S&P 500 Index.
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.
| CLBAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 2.78 | +0.59 |
| Martin ratioReturn relative to average drawdown | 14.96 | 12.44 | +2.52 |
Dividends
Dividend History
American Funds American Balanced Fund Class 529-A provided a 7.09% dividend yield over the last twelve months, with an annual payout of $2.89 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.89 | $3.09 | $2.46 | $0.65 | $0.65 | $1.42 | $1.30 | $0.98 | $1.35 | $1.27 | $1.03 | $1.31 |
Dividend yield | 7.09% | 8.26% | 7.17% | 2.03% | 2.27% | 4.27% | 4.32% | 3.43% | 5.42% | 4.67% | 4.17% | 5.51% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds American Balanced Fund Class 529-A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.21 | ||||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $2.57 | $3.09 |
| 2024 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $2.14 | $2.46 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.36 | $0.65 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.18 | $0.65 |
| 2021 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.96 | $1.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds American Balanced Fund Class 529-A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds American Balanced Fund Class 529-A was 40.25%, occurring on Mar 9, 2009. Recovery took 469 trading sessions.
The current American Funds American Balanced Fund Class 529-A drawdown is 0.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -40.25%Mar 2009 | 1y 5mo | 1y 10mo | 3y 3moOct 2007 - Jan 2011 |
COVID crash2020 | -22.33%Mar 2020 | 1mo 2d | 4mo 16d | 5mo 18dFeb 2020 - Aug 2020 |
Dot-com crash2000–2002 | -22.27%Oct 2002 | 6mo 23d | 10mo 28d | 1y 5moMar 2002 - Sep 2003 |
Bear market2022 | -18.79%Sep 2022 | 8mo 28d | 1y 3mo | 2y 18dJan 2022 - Jan 2024 |
2011 correction2011 | -11.65%Oct 2011 | 2mo 10d | 3mo 17d | 5mo 27dJul 2011 - Jan 2012 |
Drawdown Indicators
| CLBAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.25% | -56.78% | +16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.03% | -9.10% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -10.68% | -18.90% | +8.22% |
Max Drawdown (5Y)Largest decline over 5 years | -18.79% | -25.43% | +6.64% |
Max Drawdown (10Y)Largest decline over 10 years | -22.33% | -33.92% | +11.59% |
Current DrawdownCurrent decline from peak | -0.20% | -1.80% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -10.71% | +6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 2.03% | -0.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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