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AIBAX vs. ^GSPC
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between AIBAX and ^GSPC is -0.05. 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.


-0.50.00.51.0-0.1

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 (^GSPC). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
1.71%
9.66%
AIBAX
^GSPC

Key characteristics

Sharpe Ratio

AIBAX:

0.66

^GSPC:

2.07

Sortino Ratio

AIBAX:

0.96

^GSPC:

2.76

Omega Ratio

AIBAX:

1.12

^GSPC:

1.39

Calmar Ratio

AIBAX:

0.31

^GSPC:

3.05

Martin Ratio

AIBAX:

1.95

^GSPC:

13.27

Ulcer Index

AIBAX:

1.30%

^GSPC:

1.95%

Daily Std Dev

AIBAX:

3.87%

^GSPC:

12.52%

Max Drawdown

AIBAX:

-12.76%

^GSPC:

-56.78%

Current Drawdown

AIBAX:

-4.38%

^GSPC:

-1.91%

Returns By Period

In the year-to-date period, AIBAX achieves a 1.97% return, which is significantly lower than ^GSPC's 25.25% return. Over the past 10 years, AIBAX has underperformed ^GSPC with an annualized return of 0.97%, while ^GSPC has yielded a comparatively higher 11.11% annualized return.


AIBAX

YTD

1.97%

1M

-0.24%

6M

1.71%

1Y

2.46%

5Y*

0.39%

10Y*

0.97%

^GSPC

YTD

25.25%

1M

0.08%

6M

9.66%

1Y

25.65%

5Y*

13.17%

10Y*

11.11%

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Risk-Adjusted Performance

AIBAX vs. ^GSPC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Intermediate Bond Fund of America (AIBAX) 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.


Sharpe ratio
The chart of Sharpe ratio for AIBAX, currently valued at 0.66, compared to the broader market-1.000.001.002.003.004.000.662.07
The chart of Sortino ratio for AIBAX, currently valued at 0.96, compared to the broader market-2.000.002.004.006.008.0010.000.962.76
The chart of Omega ratio for AIBAX, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.003.501.121.39
The chart of Calmar ratio for AIBAX, currently valued at 0.31, compared to the broader market0.002.004.006.008.0010.0012.0014.000.313.05
The chart of Martin ratio for AIBAX, currently valued at 1.95, compared to the broader market0.0020.0040.0060.001.9513.27
AIBAX
^GSPC

The current AIBAX Sharpe Ratio is 0.66, which is lower than the ^GSPC Sharpe Ratio of 2.07. 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.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
0.66
2.07
AIBAX
^GSPC

Drawdowns

AIBAX vs. ^GSPC - Drawdown Comparison

The maximum AIBAX drawdown since its inception was -12.76%, 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. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-4.38%
-1.91%
AIBAX
^GSPC

Volatility

AIBAX vs. ^GSPC - Volatility Comparison

The current volatility for American Funds Intermediate Bond Fund of America (AIBAX) is 0.95%, while S&P 500 (^GSPC) has a volatility of 3.82%. 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.


1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
0.95%
3.82%
AIBAX
^GSPC
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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