ABALX vs. SPY
Compare and contrast key facts about American Funds American Balanced Fund Class A (ABALX) and SPDR S&P 500 ETF (SPY).
ABALX is managed by American Funds. It was launched on Jul 26, 1975. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABALX or SPY.
Correlation
The correlation between ABALX and SPY is 0.92, 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. SPY - Performance Comparison
Key characteristics
ABALX:
0.40
SPY:
0.54
ABALX:
0.62
SPY:
0.90
ABALX:
1.09
SPY:
1.13
ABALX:
0.39
SPY:
0.58
ABALX:
1.24
SPY:
2.32
ABALX:
4.10%
SPY:
4.69%
ABALX:
12.62%
SPY:
20.01%
ABALX:
-39.31%
SPY:
-55.19%
ABALX:
-6.93%
SPY:
-8.61%
Returns By Period
In the year-to-date period, ABALX achieves a -0.27% return, which is significantly higher than SPY's -4.42% return. Over the past 10 years, ABALX has underperformed SPY with an annualized return of 4.96%, while SPY has yielded a comparatively higher 12.16% annualized return.
ABALX
-0.27%
-0.41%
-3.59%
6.55%
6.96%
4.96%
SPY
-4.42%
-0.45%
-1.16%
13.04%
16.32%
12.16%
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. SPY - Expense Ratio Comparison
ABALX has a 0.56% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ABALX vs. SPY — Risk-Adjusted Performance Rank
ABALX
SPY
ABALX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund Class A (ABALX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
ABALX's dividend yield for the trailing twelve months is around 2.11%, more than SPY's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABALX American Funds American Balanced Fund Class A | 2.11% | 2.10% | 2.36% | 1.69% | 1.20% | 1.32% | 1.91% | 2.10% | 1.79% | 1.77% | 2.48% | 8.15% |
SPY SPDR S&P 500 ETF | 1.28% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ABALX vs. SPY - Drawdown Comparison
The maximum ABALX drawdown since its inception was -39.31%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ABALX and SPY. For additional features, visit the drawdowns tool.
Volatility
ABALX vs. SPY - Volatility Comparison
The current volatility for American Funds American Balanced Fund Class A (ABALX) is 7.99%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.00%. This indicates that ABALX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.