AIVSX vs. RGAGX
AIVSX (American Funds Investment Company of America Class A) and RGAGX (American Funds The Growth Fund of America Class R-6) are both mutual funds - AIVSX is a Large Cap Blend Equities fund managed by American Funds, while RGAGX is a Large Cap Growth Equities fund managed by American Funds. Over the past 10 years, AIVSX returned 14.19%/yr vs 16.30%/yr for RGAGX. Their correlation of 0.95 suggests significant overlap in exposure. AIVSX charges 0.57%/yr vs 0.30%/yr for RGAGX.
Performance
AIVSX vs. RGAGX - Performance Comparison
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Returns By Period
In the year-to-date period, AIVSX achieves a 10.14% return, which is significantly higher than RGAGX's 9.36% return. Over the past 10 years, AIVSX has underperformed RGAGX with an annualized return of 14.19%, while RGAGX has yielded a comparatively higher 16.30% annualized return.
AIVSX
- 1D
- -0.69%
- 1M
- 3.82%
- YTD
- 10.14%
- 6M
- 10.06%
- 1Y
- 25.27%
- 3Y*
- 23.93%
- 5Y*
- 14.69%
- 10Y*
- 14.19%
RGAGX
- 1D
- -0.80%
- 1M
- 5.24%
- YTD
- 9.36%
- 6M
- 8.89%
- 1Y
- 25.11%
- 3Y*
- 25.20%
- 5Y*
- 12.43%
- 10Y*
- 16.30%
AIVSX vs. RGAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIVSX American Funds Investment Company of America Class A | 10.14% | 20.47% | 24.90% | 28.56% | -15.50% | 25.10% | 14.47% | 24.10% | -8.21% | 19.54% |
RGAGX American Funds The Growth Fund of America Class R-6 | 9.36% | 20.08% | 28.41% | 37.66% | -30.53% | 19.67% | 38.30% | 29.22% | -2.88% | 26.53% |
Correlation
The correlation between AIVSX and RGAGX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 4, 2009 | 0.95 |
The correlation between AIVSX and RGAGX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
AIVSX vs. RGAGX — Risk / Return Rank
AIVSX
RGAGX
AIVSX vs. RGAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Investment Company of America Class A (AIVSX) and American Funds The Growth Fund of America Class R-6 (RGAGX). 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.
| AIVSX | RGAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.30 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.87 | +0.70 |
| Martin ratioReturn relative to average drawdown | 11.66 | 7.32 | +4.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIVSX | RGAGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.69 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.62 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.83 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.85 | -0.16 |
Drawdowns
AIVSX vs. RGAGX - Drawdown Comparison
The maximum AIVSX drawdown since its inception was -50.90%, which is greater than RGAGX's maximum drawdown of -36.19%. Use the drawdown chart below to compare losses from any high point for AIVSX and RGAGX.
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Drawdown Indicators
| AIVSX | RGAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.90% | -36.19% | -14.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -13.71% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -17.40% | -21.54% | +4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -36.19% | +11.88% |
Max Drawdown (10Y)Largest decline over 10 years | -31.09% | -36.19% | +5.10% |
Current DrawdownCurrent decline from peak | -0.69% | -1.12% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -5.49% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 3.50% | -1.28% |
Volatility
AIVSX vs. RGAGX - Volatility Comparison
The current volatility for American Funds Investment Company of America Class A (AIVSX) is 3.36%, while American Funds The Growth Fund of America Class R-6 (RGAGX) has a volatility of 3.86%. This indicates that AIVSX experiences smaller price fluctuations and is considered to be less risky than RGAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIVSX | RGAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 3.86% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 11.66% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 15.16% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 20.24% | -4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 19.69% | -3.11% |
AIVSX vs. RGAGX - Expense Ratio Comparison
AIVSX has a 0.57% expense ratio, which is higher than RGAGX's 0.30% expense ratio.
Dividends
AIVSX vs. RGAGX - Dividend Comparison
AIVSX's dividend yield for the trailing twelve months is around 9.65%, less than RGAGX's 10.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIVSX American Funds Investment Company of America Class A | 9.65% | 10.60% | 9.29% | 4.96% | 6.12% | 6.94% | 1.65% | 6.15% | 9.61% | 7.08% | 5.48% | 8.95% |
RGAGX American Funds The Growth Fund of America Class R-6 | 10.05% | 10.99% | 9.29% | 7.70% | 4.44% | 8.49% | 4.57% | 7.93% | 12.36% | 7.34% | 6.95% | 9.22% |
Frequently Asked Questions
With a correlation of 0.96, AIVSX and RGAGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RGAGX has higher volatility (3.86%) compared to AIVSX (3.36%). In terms of maximum drawdown, AIVSX dropped -50.90% vs RGAGX's -36.19%.
AIVSX currently has the higher Sharpe Ratio (2.08 vs 1.69), 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.
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