AIBAX vs. SPY
Compare and contrast key facts about American Funds Intermediate Bond Fund of America (AIBAX) and SPDR S&P 500 ETF (SPY).
AIBAX is managed by American Funds. It was launched on Feb 19, 1988. 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: AIBAX or SPY.
Correlation
The correlation between AIBAX and SPY is -0.09. 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
AIBAX vs. SPY - Performance Comparison
Key characteristics
AIBAX:
1.99
SPY:
0.30
AIBAX:
3.11
SPY:
0.56
AIBAX:
1.39
SPY:
1.08
AIBAX:
0.92
SPY:
0.31
AIBAX:
6.34
SPY:
1.40
AIBAX:
1.17%
SPY:
4.18%
AIBAX:
3.73%
SPY:
19.64%
AIBAX:
-12.76%
SPY:
-55.19%
AIBAX:
-1.21%
SPY:
-13.86%
Returns By Period
In the year-to-date period, AIBAX achieves a 2.37% return, which is significantly higher than SPY's -9.91% return. Over the past 10 years, AIBAX has underperformed SPY with an annualized return of 1.12%, while SPY has yielded a comparatively higher 11.59% annualized return.
AIBAX
2.37%
0.33%
1.77%
7.35%
0.32%
1.12%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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AIBAX vs. SPY - Expense Ratio Comparison
AIBAX has a 0.63% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AIBAX vs. SPY — Risk-Adjusted Performance Rank
AIBAX
SPY
AIBAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Intermediate Bond Fund of America (AIBAX) 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
AIBAX vs. SPY - Dividend Comparison
AIBAX's dividend yield for the trailing twelve months is around 3.98%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBAX American Funds Intermediate Bond Fund of America | 3.98% | 4.00% | 3.33% | 2.13% | 0.92% | 1.16% | 1.84% | 1.66% | 1.11% | 1.22% | 1.30% | 1.24% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AIBAX vs. SPY - Drawdown Comparison
The maximum AIBAX drawdown since its inception was -12.76%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AIBAX and SPY. For additional features, visit the drawdowns tool.
Volatility
AIBAX vs. SPY - Volatility Comparison
The current volatility for American Funds Intermediate Bond Fund of America (AIBAX) is 1.59%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that AIBAX 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.