ABALX vs. AOM
Compare and contrast key facts about American Funds American Balanced Fund Class A (ABALX) and iShares Core Moderate Allocation ETF (AOM).
ABALX is managed by American Funds. It was launched on Jul 26, 1975. AOM is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Moderate. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABALX or AOM.
Key characteristics
| ABALX | AOM | |
|---|---|---|
| YTD Return | 14.95% | 9.27% |
| 1Y Return | 25.17% | 18.02% |
| 3Y Return (Ann) | 6.62% | 2.39% |
| 5Y Return (Ann) | 9.43% | 5.05% |
| 10Y Return (Ann) | 8.84% | 5.15% |
| Sharpe Ratio | 2.97 | 2.75 |
| Sortino Ratio | 4.24 | 4.08 |
| Omega Ratio | 1.56 | 1.52 |
| Calmar Ratio | 2.31 | 1.33 |
| Martin Ratio | 19.76 | 17.50 |
| Ulcer Index | 1.30% | 1.05% |
| Daily Std Dev | 8.65% | 6.71% |
| Max Drawdown | -39.31% | -19.96% |
| Current Drawdown | 0.00% | -0.82% |
Correlation
The correlation between ABALX and AOM is 0.85, 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.
Performance
ABALX vs. AOM - Performance Comparison
In the year-to-date period, ABALX achieves a 14.95% return, which is significantly higher than AOM's 9.27% return. Over the past 10 years, ABALX has outperformed AOM with an annualized return of 8.84%, while AOM has yielded a comparatively lower 5.15% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ABALX vs. AOM - Expense Ratio Comparison
ABALX has a 0.56% expense ratio, which is higher than AOM's 0.25% expense ratio.
Risk-Adjusted Performance
ABALX vs. AOM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund Class A (ABALX) and iShares Core Moderate Allocation ETF (AOM). 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. AOM - Dividend Comparison
ABALX's dividend yield for the trailing twelve months is around 2.16%, less than AOM's 2.85% 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% | 2.30% | 4.30% | 4.35% | 4.00% | 6.17% | 5.37% | 4.21% | 5.97% | 8.09% | 1.54% |
AOM iShares Core Moderate Allocation ETF | 2.85% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% | 2.08% | 1.87% |
Drawdowns
ABALX vs. AOM - Drawdown Comparison
The maximum ABALX drawdown since its inception was -39.31%, which is greater than AOM's maximum drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for ABALX and AOM. For additional features, visit the drawdowns tool.
Volatility
ABALX vs. AOM - Volatility Comparison
American Funds American Balanced Fund Class A (ABALX) has a higher volatility of 1.83% compared to iShares Core Moderate Allocation ETF (AOM) at 1.53%. This indicates that ABALX's price experiences larger fluctuations and is considered to be riskier than AOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.