AIBAX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about American Funds Intermediate Bond Fund of America (AIBAX) and S&P 500 Index (^GSPC).

AIBAX is managed by American Funds. It was launched on Feb 19, 1988.

Performance

AIBAX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Intermediate Bond Fund of America (AIBAX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

AIBAX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIBAX American Funds Intermediate Bond Fund of America	-0.43%	6.83%	2.91%	4.09%	-8.02%	-0.89%	7.36%	4.40%	0.92%	1.06%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, AIBAX achieves a -0.43% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, AIBAX has underperformed ^GSPC with an annualized return of 1.67%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

AIBAX

• 1D: 0.16%
• 1M: -1.17%
• YTD: -0.43%
• 6M: 0.53%
• 1Y: 3.58%
• 3Y*: 3.63%
• 5Y*: 0.98%
• 10Y*: 1.67%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

AIBAX vs. ^GSPC — Risk / Return Rank

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

AIBAX

AIBAX Risk / Return Rank: 66
AIBAX Sharpe Ratio Rank: 61
AIBAX Sortino Ratio Rank: 66
AIBAX Omega Ratio Rank: 50
AIBAX Calmar Ratio Rank: 82
AIBAX Martin Ratio Rank: 70

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

AIBAX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Intermediate Bond Fund of America (AIBAX) and S&P 500 Index (^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.

	AIBAX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.15	0.92	+0.23
Sortino ratio Return per unit of downside risk	1.75	1.41	+0.34
Omega ratio Gain probability vs. loss probability	1.22	1.21	0.00
Calmar ratio Return relative to maximum drawdown	2.10	1.41	+0.69
Martin ratio Return relative to average drawdown	7.04	6.61	+0.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIBAX vs. ^GSPC - Sharpe Ratio Comparison

The current AIBAX Sharpe Ratio is 1.15, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of AIBAX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AIBAX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	0.92	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.61	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.68	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	0.46	+0.80

Correlation

The correlation between AIBAX and ^GSPC is -0.06. 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.

Drawdowns

AIBAX vs. ^GSPC - Drawdown Comparison

The maximum AIBAX drawdown since its inception was -11.42%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for AIBAX and ^GSPC.

Drawdown Indicators

	AIBAX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-11.42%	-56.78%	+45.36%
Max Drawdown (1Y) Largest decline over 1 year	-2.18%	-12.14%	+9.96%
Max Drawdown (5Y) Largest decline over 5 years	-11.33%	-25.43%	+14.10%
Max Drawdown (10Y) Largest decline over 10 years	-11.42%	-33.92%	+22.50%
Current Drawdown Current decline from peak	-1.56%	-5.78%	+4.22%
Average Drawdown Average peak-to-trough decline	-1.19%	-10.75%	+9.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	2.60%	-1.95%

Volatility

AIBAX vs. ^GSPC - Volatility Comparison

The current volatility for American Funds Intermediate Bond Fund of America (AIBAX) is 1.04%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that AIBAX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIBAX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	5.37%	-4.33%
Volatility (6M) Calculated over the trailing 6-month period	1.76%	9.55%	-7.79%
Volatility (1Y) Calculated over the trailing 1-year period	3.31%	18.33%	-15.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.15%	16.90%	-12.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.27%	18.05%	-14.78%