AMBFX vs. RPFCX
AMBFX (American Funds American Balanced Fund® Class F-2) and RPFCX (Davis Appreciation & Income Fund) are both Diversified Portfolio funds. Over the past 10 years, AMBFX returned 10.56%/yr vs 10.68%/yr for RPFCX. Their correlation of 0.87 suggests significant overlap in exposure. AMBFX charges 0.35%/yr vs 1.00%/yr for RPFCX.
Performance
AMBFX vs. RPFCX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AMBFX having a 9.50% return and RPFCX slightly higher at 9.77%. Both investments have delivered pretty close results over the past 10 years, with AMBFX having a 10.56% annualized return and RPFCX not far ahead at 10.68%.
AMBFX
- 1D
- -0.32%
- 1M
- 1.44%
- YTD
- 9.50%
- 6M
- 9.41%
- 1Y
- 22.97%
- 3Y*
- 17.35%
- 5Y*
- 9.88%
- 10Y*
- 10.56%
RPFCX
- 1D
- 0.15%
- 1M
- 0.92%
- YTD
- 9.77%
- 6M
- 9.45%
- 1Y
- 24.42%
- 3Y*
- 17.48%
- 5Y*
- 9.55%
- 10Y*
- 10.68%
AMBFX vs. RPFCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMBFX American Funds American Balanced Fund® Class F-2 | 9.50% | 18.67% | 15.25% | 13.81% | -11.93% | 16.00% | 11.06% | 19.45% | -2.69% | 14.85% |
RPFCX Davis Appreciation & Income Fund | 9.77% | 20.90% | 9.10% | 23.00% | -15.65% | 25.74% | 4.74% | 20.33% | -8.02% | 16.35% |
Correlation
The correlation between AMBFX and RPFCX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2008 | 0.87 |
The correlation between AMBFX and RPFCX shifts across timeframes, from 0.72 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AMBFX vs. RPFCX — Risk / Return Rank
AMBFX
RPFCX
AMBFX vs. RPFCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund® Class F-2 (AMBFX) and Davis Appreciation & Income Fund (RPFCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMBFX | RPFCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.50 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 3.70 | -0.30 |
| Martin ratioReturn relative to average drawdown | 15.09 | 14.27 | +0.82 |
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Drawdowns
AMBFX vs. RPFCX - Drawdown Comparison
The maximum AMBFX drawdown since its inception was -35.05%, smaller than the maximum RPFCX drawdown of -56.39%. Use the drawdown chart below to compare losses from any high point for AMBFX and RPFCX.
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Drawdown Indicators
| AMBFX | RPFCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.05% | -56.39% | +21.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -6.76% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -10.64% | -14.82% | +4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.65% | -25.63% | +6.98% |
Max Drawdown (10Y)Largest decline over 10 years | -22.31% | -30.72% | +8.41% |
Current DrawdownCurrent decline from peak | -0.51% | -0.72% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -7.42% | +3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.75% | -0.18% |
Volatility
AMBFX vs. RPFCX - Volatility Comparison
American Funds American Balanced Fund® Class F-2 (AMBFX) has a higher volatility of 3.39% compared to Davis Appreciation & Income Fund (RPFCX) at 2.68%. This indicates that AMBFX's price experiences larger fluctuations and is considered to be riskier than RPFCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMBFX | RPFCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 2.68% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.31% | 6.80% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.22% | 9.13% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.57% | 14.10% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.72% | 14.78% | -4.06% |
AMBFX vs. RPFCX - Expense Ratio Comparison
AMBFX has a 0.35% expense ratio, which is lower than RPFCX's 1.00% expense ratio.
Dividends
AMBFX vs. RPFCX - Dividend Comparison
AMBFX's dividend yield for the trailing twelve months is around 7.31%, more than RPFCX's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMBFX American Funds American Balanced Fund® Class F-2 | 7.31% | 8.47% | 7.40% | 2.20% | 2.52% | 4.50% | 4.56% | 4.19% | 6.20% | 4.85% | 4.46% | 5.81% |
RPFCX Davis Appreciation & Income Fund | 5.88% | 6.09% | 1.11% | 2.91% | 2.63% | 0.28% | 0.78% | 2.03% | 1.09% | 0.83% | 1.09% | 1.19% |
Frequently Asked Questions
AMBFX and RPFCX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMBFX has higher volatility (3.39%) compared to RPFCX (2.68%). In terms of maximum drawdown, AMBFX dropped -35.05% vs RPFCX's -56.39%.
RPFCX currently has the higher Sharpe Ratio (2.75 vs 2.59), 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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