PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
ABALX vs. AMECX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.9

Performance

ABALX vs. AMECX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds American Balanced Fund Class A (ABALX) and American Funds The Income Fund of America Class A (AMECX). The values are adjusted to include any dividend payments, if applicable.

2,600.00%2,700.00%2,800.00%2,900.00%3,000.00%JulyAugustSeptemberOctoberNovemberDecember
2,669.40%
2,800.85%
ABALX
AMECX

Key characteristics

Sharpe Ratio

ABALX:

0.97

AMECX:

0.90

Sortino Ratio

ABALX:

1.25

AMECX:

1.16

Omega Ratio

ABALX:

1.20

AMECX:

1.18

Calmar Ratio

ABALX:

1.18

AMECX:

0.97

Martin Ratio

ABALX:

6.12

AMECX:

5.20

Ulcer Index

ABALX:

1.60%

AMECX:

1.49%

Daily Std Dev

ABALX:

10.12%

AMECX:

8.58%

Max Drawdown

ABALX:

-39.31%

AMECX:

-44.46%

Current Drawdown

ABALX:

-7.61%

AMECX:

-7.27%

Returns By Period

In the year-to-date period, ABALX achieves a 8.45% return, which is significantly higher than AMECX's 6.15% return. Over the past 10 years, ABALX has outperformed AMECX with an annualized return of 8.16%, while AMECX has yielded a comparatively lower 6.14% annualized return.


ABALX

YTD

8.45%

1M

-5.34%

6M

-0.56%

1Y

9.06%

5Y*

6.93%

10Y*

8.16%

AMECX

YTD

6.15%

1M

-5.58%

6M

1.58%

1Y

7.02%

5Y*

5.60%

10Y*

6.14%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ABALX vs. AMECX - Expense Ratio Comparison

Both ABALX and AMECX have an expense ratio of 0.56%.


ABALX
American Funds American Balanced Fund Class A
Expense ratio chart for ABALX: current value at 0.56% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.56%
Expense ratio chart for AMECX: current value at 0.56% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.56%

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.


Sharpe ratio
The chart of Sharpe ratio for ABALX, currently valued at 0.97, compared to the broader market-1.000.001.002.003.004.000.970.90
The chart of Sortino ratio for ABALX, currently valued at 1.25, compared to the broader market-2.000.002.004.006.008.0010.001.251.16
The chart of Omega ratio for ABALX, currently valued at 1.20, compared to the broader market0.501.001.502.002.503.003.501.201.18
The chart of Calmar ratio for ABALX, currently valued at 1.18, compared to the broader market0.002.004.006.008.0010.0012.0014.001.180.97
The chart of Martin ratio for ABALX, currently valued at 6.12, compared to the broader market0.0020.0040.0060.006.125.20
ABALX
AMECX

The current ABALX Sharpe Ratio is 0.97, which is comparable to the AMECX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of ABALX and AMECX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
0.97
0.90
ABALX
AMECX

Dividends

ABALX vs. AMECX - Dividend Comparison

ABALX's dividend yield for the trailing twelve months is around 0.96%, less than AMECX's 2.09% yield.


TTM20232022202120202019201820172016201520142013
ABALX
American Funds American Balanced Fund Class A
0.96%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
2.09%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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.61%
-7.27%
ABALX
AMECX

Volatility

ABALX vs. AMECX - Volatility Comparison

American Funds American Balanced Fund Class A (ABALX) has a higher volatility of 6.16% compared to American Funds The Income Fund of America Class A (AMECX) at 4.98%. 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.


1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
6.16%
4.98%
ABALX
AMECX
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab