ABNDX vs. ANBAX
ABNDX (American Funds The Bond Fund of America) and ANBAX (American Funds Strategic Bond Fund) are both mutual funds - ABNDX is a Intermediate Core Bond fund managed by American Funds, while ANBAX is a Intermediate Core-Plus Bond fund managed by American Funds. Over the past 5 years, ABNDX returned -0.81%/yr vs -1.64%/yr for ANBAX. Their correlation of 0.88 means they have usually moved in the same direction. ABNDX charges 0.55%/yr vs 0.71%/yr for ANBAX.
Performance
ABNDX vs. ANBAX - Performance Comparison
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Returns By Period
In the year-to-date period, ABNDX achieves a -1.08% return, which is significantly higher than ANBAX's -1.96% return.
ABNDX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -1.31%
- YTD
- -1.08%
- 1Y
- 1.34%
- 3Y*
- 3.38%
- 5Y*
- -0.81%
- 10Y*
- 1.41%
- ALL TIME*
- 4.15%
ANBAX
- 1D
- 0.00%
- 1M
- -0.77%
- 6M
- -2.27%
- YTD
- -1.96%
- 1Y
- 1.13%
- 3Y*
- 2.12%
- 5Y*
- -1.64%
- 10Y*
- —
- ALL TIME*
- 1.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ABNDX vs. ANBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABNDX American Funds The Bond Fund of America | -1.08% | 7.16% | 1.17% | 4.34% | -13.24% | -1.33% | 10.72% | 7.83% | -0.12% | 3.21% |
ANBAX American Funds Strategic Bond Fund | -1.96% | 7.18% | -0.61% | 1.52% | -12.74% | -1.13% | 18.10% | 7.83% | 0.28% | 2.97% |
Correlation
The correlation between ABNDX and ANBAX is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.88 |
The correlation between ABNDX and ANBAX has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
ABNDX vs. ANBAX — Risk / Return Rank
ABNDX
ANBAX
ABNDX vs. ANBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Bond Fund of America (ABNDX) and American Funds Strategic Bond Fund (ANBAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ABNDX | ANBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.05 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 0.25 | +0.59 |
| Martin ratioReturn relative to average drawdown | 2.03 | 0.57 | +1.46 |
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Drawdowns
ABNDX vs. ANBAX - Drawdown Comparison
The maximum ABNDX drawdown since its inception was -18.18%, smaller than the maximum ANBAX drawdown of -19.33%. Use the drawdown chart below to compare losses from any high point for ABNDX and ANBAX.
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Drawdown Indicators
| ABNDX | ANBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.18% | -19.33% | +1.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -4.14% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -6.02% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -18.15% | -19.33% | +1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -18.18% | — | — |
Current DrawdownCurrent decline from peak | -4.20% | -8.77% | +4.57% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -5.73% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.81% | -0.52% |
Volatility
ABNDX vs. ANBAX - Volatility Comparison
The current volatility for American Funds The Bond Fund of America (ABNDX) is 0.95%, while American Funds Strategic Bond Fund (ANBAX) has a volatility of 1.05%. This indicates that ABNDX experiences smaller price fluctuations and is considered to be less risky than ANBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABNDX | ANBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.05% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 3.34% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 4.02% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.96% | 6.35% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 5.39% | -0.50% |
ABNDX vs. ANBAX - Expense Ratio Comparison
ABNDX has a 0.55% expense ratio, which is lower than ANBAX's 0.71% expense ratio.
Dividends
ABNDX vs. ANBAX - Dividend Comparison
ABNDX's dividend yield for the trailing twelve months is around 3.83%, less than ANBAX's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABNDX American Funds The Bond Fund of America | 3.83% | 4.13% | 4.30% | 3.24% | 2.17% | 1.62% | 5.03% | 3.49% | 2.38% | 1.84% | 1.77% | 2.00% |
ANBAX American Funds Strategic Bond Fund | 4.12% | 2.78% | 3.07% | 2.91% | 5.31% | 1.74% | 3.87% | 3.09% | 3.51% | 1.76% | 0.00% | 0.00% |
Frequently Asked Questions
ABNDX and ANBAX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANBAX has higher volatility (1.05%) compared to ABNDX (0.95%). In terms of maximum drawdown, ABNDX dropped -18.18% vs ANBAX's -19.33%.
ABNDX currently has the higher Sharpe Ratio (0.69 vs 0.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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