ABNFX vs. SPY
Compare and contrast key facts about American Funds The Bond Fund of America® Class F-2 (ABNFX) and SPDR S&P 500 ETF (SPY).
ABNFX is managed by American Funds. It was launched on Aug 4, 2008. 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: ABNFX or SPY.
Correlation
The correlation between ABNFX and SPY is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ABNFX vs. SPY - Performance Comparison
Key characteristics
ABNFX:
0.66
SPY:
1.81
ABNFX:
0.96
SPY:
2.43
ABNFX:
1.12
SPY:
1.33
ABNFX:
0.23
SPY:
2.74
ABNFX:
1.67
SPY:
11.36
ABNFX:
2.10%
SPY:
2.03%
ABNFX:
5.36%
SPY:
12.74%
ABNFX:
-19.92%
SPY:
-55.19%
ABNFX:
-10.15%
SPY:
-0.73%
Returns By Period
In the year-to-date period, ABNFX achieves a 0.65% return, which is significantly lower than SPY's 3.28% return. Over the past 10 years, ABNFX has underperformed SPY with an annualized return of 1.26%, while SPY has yielded a comparatively higher 13.17% annualized return.
ABNFX
0.65%
1.74%
-0.82%
3.52%
-0.41%
1.26%
SPY
3.28%
4.28%
12.39%
22.37%
14.20%
13.17%
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ABNFX vs. SPY - Expense Ratio Comparison
ABNFX has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ABNFX vs. SPY — Risk-Adjusted Performance Rank
ABNFX
SPY
ABNFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Bond Fund of America® Class F-2 (ABNFX) 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
ABNFX vs. SPY - Dividend Comparison
ABNFX's dividend yield for the trailing twelve months is around 4.56%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABNFX American Funds The Bond Fund of America® Class F-2 | 4.56% | 4.56% | 3.84% | 2.97% | 1.68% | 2.12% | 2.57% | 2.66% | 2.10% | 1.97% | 2.23% | 2.40% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ABNFX vs. SPY - Drawdown Comparison
The maximum ABNFX drawdown since its inception was -19.92%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ABNFX and SPY. For additional features, visit the drawdowns tool.
Volatility
ABNFX vs. SPY - Volatility Comparison
The current volatility for American Funds The Bond Fund of America® Class F-2 (ABNFX) is 1.32%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.41%. This indicates that ABNFX 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.