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.
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.
Performance
ABALX vs. SPY - Performance Comparison
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Key characteristics
ABALX:
1.09
SPY:
0.70
ABALX:
1.43
SPY:
1.02
ABALX:
1.20
SPY:
1.15
ABALX:
1.12
SPY:
0.68
ABALX:
4.49
SPY:
2.57
ABALX:
2.66%
SPY:
4.93%
ABALX:
12.04%
SPY:
20.42%
ABALX:
-40.12%
SPY:
-55.19%
ABALX:
-0.72%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ABALX achieves a 3.41% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, ABALX has underperformed SPY with an annualized return of 8.29%, while SPY has yielded a comparatively higher 12.73% annualized return.
ABALX
3.41%
3.69%
2.00%
12.42%
8.96%
9.34%
8.29%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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.
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Dividends
ABALX vs. SPY - Dividend Comparison
ABALX's dividend yield for the trailing twelve months is around 6.97%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABALX American Funds American Balanced Fund Class A | 6.97% | 7.19% | 2.36% | 2.30% | 4.30% | 4.35% | 4.00% | 6.17% | 5.40% | 4.24% | 5.60% | 7.37% |
SPY SPDR S&P 500 ETF | 1.22% | 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 -40.12%, 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.
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Volatility
ABALX vs. SPY - Volatility Comparison
The current volatility for American Funds American Balanced Fund Class A (ABALX) is 2.71%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. 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.
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