ABALX vs. VOO
Compare and contrast key facts about American Funds American Balanced Fund Class A (ABALX) and Vanguard S&P 500 ETF (VOO).
ABALX is managed by American Funds. It was launched on Jul 26, 1975. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABALX or VOO.
Correlation
The correlation between ABALX and VOO is 0.95, 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. VOO - Performance Comparison
Key characteristics
ABALX:
0.37
VOO:
0.34
ABALX:
0.53
VOO:
0.53
ABALX:
1.07
VOO:
1.07
ABALX:
0.49
VOO:
0.42
ABALX:
1.20
VOO:
1.60
ABALX:
3.14%
VOO:
3.13%
ABALX:
10.24%
VOO:
14.67%
ABALX:
-39.31%
VOO:
-33.99%
ABALX:
-6.31%
VOO:
-12.03%
Returns By Period
In the year-to-date period, ABALX achieves a 0.41% return, which is significantly higher than VOO's -7.97% return. Over the past 10 years, ABALX has underperformed VOO with an annualized return of 5.19%, while VOO has yielded a comparatively higher 11.99% annualized return.
ABALX
0.41%
-1.23%
-3.88%
4.33%
8.80%
5.19%
VOO
-7.97%
-6.52%
-4.67%
4.91%
18.59%
11.99%
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ABALX vs. VOO - Expense Ratio Comparison
ABALX has a 0.56% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
ABALX vs. VOO — Risk-Adjusted Performance Rank
ABALX
VOO
ABALX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund Class A (ABALX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
ABALX's dividend yield for the trailing twelve months is around 7.18%, more than VOO's 1.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABALX American Funds American Balanced Fund Class A | 7.18% | 7.19% | 2.36% | 2.30% | 4.30% | 4.35% | 4.00% | 6.17% | 5.40% | 4.24% | 6.02% | 8.15% |
VOO Vanguard S&P 500 ETF | 1.41% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
ABALX vs. VOO - Drawdown Comparison
The maximum ABALX drawdown since its inception was -39.31%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ABALX and VOO. For additional features, visit the drawdowns tool.
Volatility
ABALX vs. VOO - Volatility Comparison
The current volatility for American Funds American Balanced Fund Class A (ABALX) is 3.06%, while Vanguard S&P 500 ETF (VOO) has a volatility of 7.31%. This indicates that ABALX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.