AEPGX vs. AMECX

Last updated Jun 3, 2026

AEPGX (American Funds EuroPacific Growth Fund Class A) and AMECX (American Funds The Income Fund of America Class A) are both mutual funds - AEPGX is a Foreign Large Cap Equities fund managed by American Funds, while AMECX is a Diversified Portfolio fund managed by American Funds. Over the past 10 years, AEPGX returned 8.62%/yr vs 8.48%/yr for AMECX. A 0.71 correlation means they provide meaningful diversification when combined. AEPGX charges 0.80%/yr vs 0.56%/yr for AMECX.

Performance

AEPGX vs. AMECX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds EuroPacific Growth Fund Class A (AEPGX) and American Funds The Income Fund of America Class A (AMECX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AEPGX achieves a 11.58% return, which is significantly higher than AMECX's 5.99% return. Both investments have delivered pretty close results over the past 10 years, with AEPGX having a 8.62% annualized return and AMECX not far behind at 8.48%.

AEPGX

• 1D: 0.25%
• 1M: 6.35%
• YTD: 11.58%
• 6M: 15.16%
• 1Y: 27.75%
• 3Y*: 15.74%
• 5Y*: 3.85%
• 10Y*: 8.62%

AMECX

• 1D: -0.51%
• 1M: 0.26%
• YTD: 5.99%
• 6M: 7.59%
• 1Y: 15.62%
• 3Y*: 13.64%
• 5Y*: 7.69%
• 10Y*: 8.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AEPGX vs. AMECX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AEPGX American Funds EuroPacific Growth Fund Class A	11.58%	28.88%	2.63%	15.65%	-23.06%	-1.64%	24.80%	26.94%	-15.21%	30.74%
AMECX American Funds The Income Fund of America Class A	5.99%	17.77%	10.84%	6.79%	-6.40%	17.37%	4.49%	18.50%	-5.27%	12.58%

Correlation

The correlation between AEPGX and AMECX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 3, 1990	0.71

The correlation between AEPGX and AMECX has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.

Return for Risk

AEPGX vs. AMECX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AEPGX

AEPGX Risk / Return Rank: 40
AEPGX Sharpe Ratio Rank: 41
AEPGX Sortino Ratio Rank: 41
AEPGX Omega Ratio Rank: 42
AEPGX Calmar Ratio Rank: 35
AEPGX Martin Ratio Rank: 39

AMECX

AMECX Risk / Return Rank: 52
AMECX Sharpe Ratio Rank: 57
AMECX Sortino Ratio Rank: 56
AMECX Omega Ratio Rank: 54
AMECX Calmar Ratio Rank: 46
AMECX Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AEPGX vs. AMECX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds EuroPacific Growth Fund Class A (AEPGX) and American Funds The Income Fund of America Class A (AMECX). 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.

	AEPGX	AMECX	Difference
Sharpe ratio Return per unit of total volatility	1.88	2.24	-0.36
Sortino ratio Return per unit of downside risk	2.68	3.16	-0.48
Omega ratio Gain probability vs. loss probability	1.35	1.41	-0.06
Calmar ratio Return relative to maximum drawdown	2.27	2.63	-0.36
Martin ratio Return relative to average drawdown	8.57	9.96	-1.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AEPGX vs. AMECX - Sharpe Ratio Comparison

The current AEPGX Sharpe Ratio is 1.88, which is comparable to the AMECX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of AEPGX and AMECX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AEPGX	AMECX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	2.24	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.82	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.80	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.72	-0.20

Drawdowns

AEPGX vs. AMECX - Drawdown Comparison

The maximum AEPGX drawdown since its inception was -53.98%, which is greater than AMECX's maximum drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for AEPGX and AMECX.

Drawdown Indicators

	AEPGX	AMECX	Difference
Max Drawdown Largest peak-to-trough decline	-53.98%	-41.92%	-12.06%
Max Drawdown (1Y) Largest decline over 1 year	-12.56%	-6.13%	-6.43%
Max Drawdown (3Y) Largest decline over 3 years	-15.75%	-8.58%	-7.17%
Max Drawdown (5Y) Largest decline over 5 years	-38.22%	-15.78%	-22.44%
Max Drawdown (10Y) Largest decline over 10 years	-38.50%	-26.13%	-12.37%
Current Drawdown Current decline from peak	0.00%	-1.55%	+1.55%
Average Drawdown Average peak-to-trough decline	-11.48%	-4.45%	-7.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	1.62%	+1.71%

Volatility

AEPGX vs. AMECX - Volatility Comparison

American Funds EuroPacific Growth Fund Class A (AEPGX) has a higher volatility of 5.43% compared to American Funds The Income Fund of America Class A (AMECX) at 2.06%. This indicates that AEPGX's price experiences larger fluctuations and is considered to be riskier than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEPGX	AMECX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	2.06%	+3.37%
Volatility (6M) Calculated over the trailing 6-month period	12.92%	5.63%	+7.29%
Volatility (1Y) Calculated over the trailing 1-year period	15.41%	7.18%	+8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	9.45%	+7.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	10.68%	+6.27%

AEPGX vs. AMECX - Expense Ratio Comparison

AEPGX has a 0.80% expense ratio, which is higher than AMECX's 0.56% expense ratio.

Dividends

AEPGX vs. AMECX - Dividend Comparison

AEPGX's dividend yield for the trailing twelve months is around 12.27%, more than AMECX's 9.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEPGX American Funds EuroPacific Growth Fund Class A	12.27%	13.69%	4.56%	3.57%	1.72%	5.15%	0.17%	2.79%	6.33%	4.66%	1.24%	3.05%
AMECX American Funds The Income Fund of America Class A	9.44%	9.94%	6.38%	2.93%	6.98%	6.67%	2.80%	5.01%	7.48%	4.26%	3.09%	5.09%

Frequently Asked Questions

Can I hold both AEPGX and AMECX in my portfolio?

AEPGX and AMECX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AEPGX or AMECX?

AEPGX has higher volatility (5.43%) compared to AMECX (2.06%). In terms of maximum drawdown, AEPGX dropped -53.98% vs AMECX's -41.92%.

Which has better risk-adjusted returns?

AMECX currently has the higher Sharpe Ratio (2.24 vs 1.88), 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.