AIVSX vs. SMCWX
Compare and contrast key facts about American Funds Investment Company of America Class A (AIVSX) and American Funds SMALLCAP World Fund Class A (SMCWX).
AIVSX is managed by American Funds. It was launched on Jan 1, 1934. SMCWX is managed by American Funds. It was launched on Apr 30, 1990.
Performance
AIVSX vs. SMCWX - Performance Comparison
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AIVSX vs. SMCWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIVSX American Funds Investment Company of America Class A | -4.87% | 20.47% | 24.90% | 28.56% | -15.50% | 25.10% | 14.47% | 24.10% | -8.21% | 19.54% |
SMCWX American Funds SMALLCAP World Fund Class A | -1.05% | 14.07% | 2.33% | 18.86% | -29.90% | 10.14% | 37.46% | 30.79% | -9.75% | 26.85% |
Returns By Period
In the year-to-date period, AIVSX achieves a -4.87% return, which is significantly lower than SMCWX's -1.05% return. Over the past 10 years, AIVSX has outperformed SMCWX with an annualized return of 12.88%, while SMCWX has yielded a comparatively lower 9.04% annualized return.
AIVSX
- 1D
- 3.05%
- 1M
- -5.90%
- YTD
- -4.87%
- 6M
- -3.21%
- 1Y
- 17.66%
- 3Y*
- 20.05%
- 5Y*
- 12.46%
- 10Y*
- 12.88%
SMCWX
- 1D
- 3.47%
- 1M
- -7.83%
- YTD
- -1.05%
- 6M
- 1.11%
- 1Y
- 20.45%
- 3Y*
- 8.86%
- 5Y*
- 0.17%
- 10Y*
- 9.04%
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AIVSX vs. SMCWX - Expense Ratio Comparison
AIVSX has a 0.57% expense ratio, which is lower than SMCWX's 1.02% expense ratio.
Return for Risk
AIVSX vs. SMCWX — Risk / Return Rank
AIVSX
SMCWX
AIVSX vs. SMCWX - 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 SMALLCAP World Fund Class A (SMCWX). 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 | SMCWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.17 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.59 | 1.72 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.66 | +0.06 |
Martin ratioReturn relative to average drawdown | 7.16 | 6.37 | +0.78 |
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 | SMCWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.17 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.01 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.51 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.57 | +0.11 |
Correlation
The correlation between AIVSX and SMCWX is 0.80, 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.
Dividends
AIVSX vs. SMCWX - Dividend Comparison
AIVSX's dividend yield for the trailing twelve months is around 11.17%, more than SMCWX's 4.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIVSX American Funds Investment Company of America Class A | 11.17% | 10.60% | 9.29% | 4.96% | 6.12% | 6.94% | 1.65% | 6.15% | 9.61% | 7.08% | 5.48% | 8.95% |
SMCWX American Funds SMALLCAP World Fund Class A | 4.90% | 4.84% | 0.60% | 0.64% | 0.00% | 9.24% | 1.60% | 4.24% | 7.06% | 4.48% | 0.35% | 6.49% |
Drawdowns
AIVSX vs. SMCWX - Drawdown Comparison
The maximum AIVSX drawdown since its inception was -50.90%, smaller than the maximum SMCWX drawdown of -62.46%. Use the drawdown chart below to compare losses from any high point for AIVSX and SMCWX.
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Drawdown Indicators
| AIVSX | SMCWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.90% | -62.46% | +11.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -11.83% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -39.79% | +15.48% |
Max Drawdown (10Y)Largest decline over 10 years | -31.09% | -39.79% | +8.70% |
Current DrawdownCurrent decline from peak | -7.34% | -10.12% | +2.78% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -14.98% | +9.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 3.08% | -0.49% |
Volatility
AIVSX vs. SMCWX - Volatility Comparison
The current volatility for American Funds Investment Company of America Class A (AIVSX) is 5.75%, while American Funds SMALLCAP World Fund Class A (SMCWX) has a volatility of 7.62%. This indicates that AIVSX experiences smaller price fluctuations and is considered to be less risky than SMCWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIVSX | SMCWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 7.62% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 11.82% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 17.93% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 18.05% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.55% | 17.76% | -1.21% |