AFMBX vs. ^GSPC
Compare and contrast key facts about American Funds American Balanced Fund Class F-3 (AFMBX) and S&P 500 (^GSPC).
AFMBX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFMBX or ^GSPC.
Correlation
The correlation between AFMBX and ^GSPC 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
AFMBX vs. ^GSPC - Performance Comparison
Key characteristics
AFMBX:
1.04
^GSPC:
2.16
AFMBX:
1.33
^GSPC:
2.87
AFMBX:
1.21
^GSPC:
1.40
AFMBX:
1.26
^GSPC:
3.19
AFMBX:
6.17
^GSPC:
13.87
AFMBX:
1.71%
^GSPC:
1.95%
AFMBX:
10.17%
^GSPC:
12.54%
AFMBX:
-22.34%
^GSPC:
-56.78%
AFMBX:
-6.51%
^GSPC:
-0.82%
Returns By Period
In the year-to-date period, AFMBX achieves a 10.06% return, which is significantly lower than ^GSPC's 26.63% return.
AFMBX
10.06%
-4.82%
0.79%
10.55%
7.43%
N/A
^GSPC
26.63%
1.18%
10.44%
27.03%
13.30%
11.23%
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Risk-Adjusted Performance
AFMBX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund Class F-3 (AFMBX) and S&P 500 (^GSPC). 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.
Drawdowns
AFMBX vs. ^GSPC - Drawdown Comparison
The maximum AFMBX drawdown since its inception was -22.34%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for AFMBX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
AFMBX vs. ^GSPC - Volatility Comparison
American Funds American Balanced Fund Class F-3 (AFMBX) has a higher volatility of 6.28% compared to S&P 500 (^GSPC) at 3.96%. This indicates that AFMBX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.