American Funds American Balanced Fund Class 529-A (CLBAX) 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 CLBAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CLBAX
CLBAX charges 0.58% annually. There are 222 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | CLBAX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | CLBAX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | CLBAX vs TSAIX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 64.10B | Dec 2000 | CLBAX vs VBAIX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | — | Feb 2022 | CLBAX vs FYMIX |
Best Risk-Adjusted Alternatives to CLBAX
CLBAX has a PortfoliosLab risk / return rank of 80. There are 64 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | CLBAX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 97 | — | Dec 2002 | CLBAX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | CLBAX vs NWQIX | |
| Pioneer Balanced ESG Fund | 94 | — | Dec 1991 | CLBAX vs AYBLX | |
| Victory Pioneer Balanced Fund Class A | 94 | — | Dec 1991 | CLBAX vs AOBLX |
Top Performing CLBAX Alternatives (YTD)
CLBAX is at 9.48% YTD. There are 126 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 33.29%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 33.29% | — | Jan 1998 | CLBAX vs EKBAX | |
| Greenspring Fund | 20.03% | — | Jun 1983 | CLBAX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 18.01% | — | Aug 1998 | CLBAX vs MHELX | |
| ICON Equity Income Fund | 16.48% | — | May 2004 | CLBAX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 15.32% | — | Dec 2002 | CLBAX vs TIBIX |
Lowest Volatility Alternatives to CLBAX
CLBAX has 9.24% 1-year volatility. There are 339 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | CLBAX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.84% | — | Nov 2003 | CLBAX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.87% | — | Apr 2012 | CLBAX vs SCLAX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | CLBAX vs AVEFX | |
| American Funds College 2027 Fund | 3.10% | — | Sep 2012 | CLBAX vs CSTAX |
Lowest Drawdown Alternatives to CLBAX
CLBAX has a 1-year max drawdown of -7.03%. There are 348 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 | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | CLBAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | CLBAX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | CLBAX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | CLBAX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | CLBAX vs CSTAX |
Other Mutual Funds from American Funds
The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, AWSHX and span 7 categories.
Often Compared With CLBAX
Investors most often compare CLBAX with FSRTX, FCSRX, CAIBX. These 15 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare CLBAX with Any Fund or Stock
Compare CLBAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CLBAX with funds that move differently
American Funds American Balanced Fund Class 529-A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CLBAX.
Explore CLBAX Diversifiers