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 0.90, 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:
-0.21
SPY:
-0.09
ABALX:
-0.19
SPY:
-0.02
ABALX:
0.97
SPY:
1.00
ABALX:
-0.19
SPY:
-0.09
ABALX:
-0.70
SPY:
-0.45
ABALX:
3.27%
SPY:
3.31%
ABALX:
11.15%
SPY:
15.87%
ABALX:
-39.31%
SPY:
-55.19%
ABALX:
-12.03%
SPY:
-17.32%
Returns By Period
In the year-to-date period, ABALX achieves a -5.73% return, which is significantly higher than SPY's -13.53% return. Over the past 10 years, ABALX has underperformed SPY with an annualized return of 4.48%, while SPY has yielded a comparatively higher 11.25% annualized return.
ABALX
-5.73%
-7.24%
-9.90%
-1.58%
7.42%
4.48%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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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 2.23%, more than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABALX American Funds American Balanced Fund Class A | 2.23% | 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 | 1.42% | 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 5.25%, while SPDR S&P 500 ETF (SPY) has a volatility of 9.29%. 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.
Recent discussions
Discrepancy between SPY and ^GSPC?
Hello, from the charts, SPY seems to be outperforming its benchmark ^GSPC. That looks strange. From my understanding, SPY is designed to closely track the S&P 500.
Could there be an error in the charts?
Hedge Cat
How often do you rebase the trends portfolio?
Hedge Cat
AI
Farshad