AFMBX vs. AMIGX

Last updated Aug 4, 2026

AFMBX (American Funds American Balanced Fund Class F-3) and AMIGX (Amana Growth Fund) are both mutual funds - AFMBX is a Diversified Portfolio fund managed by American Funds, while AMIGX is a Large Cap Growth Equities fund managed by Amana. Over the past 5 years, AFMBX returned 9.38%/yr vs 11.40%/yr for AMIGX. Their correlation of 0.89 means they have usually moved in the same direction. AFMBX charges 0.25%/yr vs 0.67%/yr for AMIGX.

Performance

AFMBX vs. AMIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds American Balanced Fund Class F-3 (AFMBX) and Amana Growth Fund (AMIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFMBX achieves a 8.62% return, which is significantly lower than AMIGX's 11.65% return.

AFMBX

• 1D: 0.20%
• 1M: -0.76%
• 6M: 5.52%
• YTD: 8.62%
• 1Y: 18.94%
• 3Y*: 15.90%
• 5Y*: 9.38%
• 10Y*: —
• ALL TIME*: 10.02%

AMIGX

• 1D: -0.01%
• 1M: -1.51%
• 6M: 7.84%
• YTD: 11.65%
• 1Y: 25.52%
• 3Y*: 18.09%
• 5Y*: 11.40%
• 10Y*: 17.00%
• ALL TIME*: 15.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AFMBX American Funds American Balanced Fund Class F-3	$0.00	$0.00	$0.00
AMIGX Amana Growth Fund	$0.00	$0.00	$0.00

AFMBX vs. AMIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AFMBX American Funds American Balanced Fund Class F-3	8.62%	18.82%	15.36%	13.89%	-11.83%	16.12%	11.17%	18.96%	-3.07%	10.06%
AMIGX Amana Growth Fund	11.65%	17.89%	16.01%	26.00%	-19.30%	31.80%	32.97%	33.43%	2.70%	18.23%

Correlation

The correlation between AFMBX and AMIGX is 0.90, 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.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Mar 15, 2017	0.89

The correlation between AFMBX and AMIGX has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

AFMBX vs. AMIGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AFMBX

AFMBX Risk / Return Rank: 79
AFMBX Sharpe Ratio Rank: 79
AFMBX Sortino Ratio Rank: 77
AFMBX Omega Ratio Rank: 77
AFMBX Calmar Ratio Rank: 77
AFMBX Martin Ratio Rank: 85

AMIGX

AMIGX Risk / Return Rank: 51
AMIGX Sharpe Ratio Rank: 46
AMIGX Sortino Ratio Rank: 45
AMIGX Omega Ratio Rank: 42
AMIGX Calmar Ratio Rank: 60
AMIGX Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AFMBX vs. AMIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund Class F-3 (AFMBX) and Amana Growth Fund (AMIGX). 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.

	AFMBX	AMIGX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.39	+0.54
Sortino ratio: Return per unit of downside risk	2.71	1.98	+0.72
Omega ratio: Gain probability vs. loss probability	1.35	1.25	+0.11
Calmar ratio: Return relative to maximum drawdown	2.60	2.20	+0.40
Martin ratio: Return relative to average drawdown	11.08	8.34	+2.74

AFMBX vs. AMIGX - Sharpe Ratio Comparison

The current AFMBX Sharpe Ratio is 1.93, which is higher than the AMIGX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of AFMBX and AMIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AFMBX vs. AMIGX - Drawdown Comparison

The maximum AFMBX drawdown since its inception was -22.34%, smaller than the maximum AMIGX drawdown of -27.95%. Use the drawdown chart below to compare losses from any high point for AFMBX and AMIGX.

Drawdown Indicators

	AFMBX	AMIGX	Difference
Max Drawdown Largest peak-to-trough decline	-22.34%	-27.95%	+5.61%
Max Drawdown (1Y) Largest decline over 1 year	-6.98%	-11.03%	+4.05%
Max Drawdown (3Y) Largest decline over 3 years	-10.64%	-21.40%	+10.76%
Max Drawdown (5Y) Largest decline over 5 years	-18.58%	-27.95%	+9.37%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.95%	—
Current Drawdown Current decline from peak	-1.49%	-4.99%	+3.50%
Average Drawdown Average peak-to-trough decline	-3.17%	-4.51%	+1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	2.91%	-1.27%

Volatility

AFMBX vs. AMIGX - Volatility Comparison

The current volatility for American Funds American Balanced Fund Class F-3 (AFMBX) is 2.25%, while Amana Growth Fund (AMIGX) has a volatility of 4.20%. This indicates that AFMBX experiences smaller price fluctuations and is considered to be less risky than AMIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFMBX	AMIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.25%	4.20%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	7.39%	14.13%	-6.74%
Volatility (1Y) Calculated over the trailing 1-year period	9.42%	17.53%	-8.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.60%	18.64%	-8.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.13%	18.50%	-7.37%

AFMBX vs. AMIGX - Expense Ratio Comparison

AFMBX has a 0.25% expense ratio, which is lower than AMIGX's 0.67% expense ratio.

Dividends

AFMBX vs. AMIGX - Dividend Comparison

AFMBX's dividend yield for the trailing twelve months is around 7.48%, more than AMIGX's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFMBX American Funds American Balanced Fund Class F-3	7.48%	8.57%	7.51%	2.27%	2.63%	4.60%	4.65%	3.78%	5.81%	4.94%	0.00%	0.00%
AMIGX Amana Growth Fund	0.17%	0.19%	4.02%	0.82%	3.88%	0.74%	5.42%	3.37%	3.61%	11.11%	13.79%	7.61%

Frequently Asked Questions

Can I hold both AFMBX and AMIGX in my portfolio?

AFMBX and AMIGX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFMBX or AMIGX?

AMIGX has higher volatility (4.20%) compared to AFMBX (2.25%). In terms of maximum drawdown, AFMBX dropped -22.34% vs AMIGX's -27.95%.

Which has better risk-adjusted returns?

AFMBX currently has the higher Sharpe Ratio (1.93 vs 1.39), 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.