ABALX vs. AMECX
Compare and contrast key facts about American Funds American Balanced Fund Class A (ABALX) and American Funds The Income Fund of America Class A (AMECX).
ABALX is managed by American Funds. It was launched on Jul 26, 1975. AMECX is managed by American Funds. It was launched on Dec 1, 1973.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABALX or AMECX.
Performance
ABALX vs. AMECX - Performance Comparison
Returns By Period
In the year-to-date period, ABALX achieves a 14.57% return, which is significantly higher than AMECX's 12.43% return. Over the past 10 years, ABALX has outperformed AMECX with an annualized return of 8.22%, while AMECX has yielded a comparatively lower 6.75% annualized return.
ABALX
14.57%
-0.38%
7.47%
20.71%
8.63%
8.22%
AMECX
12.43%
-0.81%
7.50%
19.29%
7.42%
6.75%
Key characteristics
| ABALX | AMECX | |
|---|---|---|
| Sharpe Ratio | 2.45 | 2.61 |
| Sortino Ratio | 3.47 | 3.62 |
| Omega Ratio | 1.46 | 1.49 |
| Calmar Ratio | 4.08 | 3.30 |
| Martin Ratio | 16.44 | 17.00 |
| Ulcer Index | 1.25% | 1.13% |
| Daily Std Dev | 8.38% | 7.35% |
| Max Drawdown | -39.31% | -44.46% |
| Current Drawdown | -1.79% | -1.53% |
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ABALX vs. AMECX - Expense Ratio Comparison
Both ABALX and AMECX have an expense ratio of 0.56%.
Correlation
The correlation between ABALX and AMECX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
ABALX vs. AMECX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund Class A (ABALX) and American Funds The Income Fund of America Class A (AMECX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ABALX vs. AMECX - Dividend Comparison
ABALX's dividend yield for the trailing twelve months is around 2.16%, less than AMECX's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABALX American Funds American Balanced Fund Class A | 2.16% | 2.36% | 1.69% | 1.20% | 1.32% | 1.91% | 2.10% | 1.79% | 1.77% | 2.47% | 8.09% | 1.54% |
AMECX American Funds The Income Fund of America Class A | 3.32% | 3.66% | 3.38% | 2.86% | 3.19% | 3.20% | 3.35% | 2.82% | 3.09% | 3.26% | 3.64% | 3.17% |
Drawdowns
ABALX vs. AMECX - Drawdown Comparison
The maximum ABALX drawdown since its inception was -39.31%, smaller than the maximum AMECX drawdown of -44.46%. Use the drawdown chart below to compare losses from any high point for ABALX and AMECX. For additional features, visit the drawdowns tool.
Volatility
ABALX vs. AMECX - Volatility Comparison
American Funds American Balanced Fund Class A (ABALX) has a higher volatility of 2.47% compared to American Funds The Income Fund of America Class A (AMECX) at 1.93%. This indicates that ABALX's price experiences larger fluctuations and is considered to be riskier than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.