AMCFX vs. AWSHX

Last updated Jun 5, 2026

AMCFX (American Funds AMCAP Fund Class F-2) and AWSHX (American Funds Washington Mutual Investors Fund Class A) are both mutual funds - AMCFX is a Large Cap Growth Equities fund actively managed by American Funds, while AWSHX is a Large Cap Blend Equities fund managed by American Funds. Over the past 10 years, AMCFX returned 12.79%/yr vs 12.79%/yr for AWSHX. Their correlation of 0.91 suggests significant overlap in exposure. AMCFX charges 0.43%/yr vs 0.58%/yr for AWSHX.

Performance

AMCFX vs. AWSHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds AMCAP Fund Class F-2 (AMCFX) and American Funds Washington Mutual Investors Fund Class A (AWSHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with AMCFX having a 5.52% return and AWSHX slightly lower at 5.43%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: AMCFX at 12.79% and AWSHX at 12.79%.

AMCFX

• 1D: -0.84%
• 1M: 2.34%
• YTD: 5.52%
• 6M: 5.22%
• 1Y: 20.54%
• 3Y*: 19.74%
• 5Y*: 9.79%
• 10Y*: 12.79%

AWSHX

• 1D: -0.44%
• 1M: 1.74%
• YTD: 5.43%
• 6M: 5.67%
• 1Y: 17.10%
• 3Y*: 18.08%
• 5Y*: 11.69%
• 10Y*: 12.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMCFX vs. AWSHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMCFX American Funds AMCAP Fund Class F-2	5.52%	17.94%	21.38%	31.35%	-28.53%	23.97%	21.71%	26.61%	-4.21%	22.29%
AWSHX American Funds Washington Mutual Investors Fund Class A	5.43%	17.20%	19.02%	17.21%	-8.45%	28.44%	7.69%	24.86%	-6.16%	20.03%

Correlation

The correlation between AMCFX and AWSHX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Aug 4, 2008	0.91

The correlation between AMCFX and AWSHX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

Return for Risk

AMCFX vs. AWSHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMCFX

AMCFX Risk / Return Rank: 24
AMCFX Sharpe Ratio Rank: 27
AMCFX Sortino Ratio Rank: 25
AMCFX Omega Ratio Rank: 27
AMCFX Calmar Ratio Rank: 18
AMCFX Martin Ratio Rank: 26

AWSHX

AWSHX Risk / Return Rank: 34
AWSHX Sharpe Ratio Rank: 33
AWSHX Sortino Ratio Rank: 32
AWSHX Omega Ratio Rank: 32
AWSHX Calmar Ratio Rank: 30
AWSHX Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMCFX vs. AWSHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds AMCAP Fund Class F-2 (AMCFX) and American Funds Washington Mutual Investors Fund Class A (AWSHX). 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.

	AMCFX	AWSHX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.66	-0.21
Sortino ratio: Return per unit of downside risk	2.05	2.38	-0.33
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.04
Calmar ratio: Return relative to maximum drawdown	1.50	2.05	-0.55
Martin ratio: Return relative to average drawdown	6.08	8.84	-2.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMCFX vs. AWSHX - Sharpe Ratio Comparison

The current AMCFX Sharpe Ratio is 1.46, which is comparable to the AWSHX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of AMCFX and AWSHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMCFX	AWSHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.66	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.83	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.79	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.63	-0.01

Drawdowns

AMCFX vs. AWSHX - Drawdown Comparison

The maximum AMCFX drawdown since its inception was -43.83%, smaller than the maximum AWSHX drawdown of -53.95%. Use the drawdown chart below to compare losses from any high point for AMCFX and AWSHX.

Drawdown Indicators

	AMCFX	AWSHX	Difference
Max Drawdown Largest peak-to-trough decline	-43.83%	-53.95%	+10.12%
Max Drawdown (1Y) Largest decline over 1 year	-14.14%	-8.37%	-5.77%
Max Drawdown (3Y) Largest decline over 3 years	-19.69%	-14.66%	-5.03%
Max Drawdown (5Y) Largest decline over 5 years	-35.12%	-18.64%	-16.48%
Max Drawdown (10Y) Largest decline over 10 years	-35.12%	-34.65%	-0.47%
Current Drawdown Current decline from peak	-1.59%	-0.44%	-1.15%
Average Drawdown Average peak-to-trough decline	-6.57%	-6.41%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	1.93%	+1.54%

Volatility

AMCFX vs. AWSHX - Volatility Comparison

American Funds AMCAP Fund Class F-2 (AMCFX) has a higher volatility of 3.68% compared to American Funds Washington Mutual Investors Fund Class A (AWSHX) at 2.38%. This indicates that AMCFX's price experiences larger fluctuations and is considered to be riskier than AWSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMCFX	AWSHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	2.38%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	11.39%	7.81%	+3.58%
Volatility (1Y) Calculated over the trailing 1-year period	14.56%	10.31%	+4.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	14.10%	+5.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.72%	16.32%	+2.40%

AMCFX vs. AWSHX - Expense Ratio Comparison

AMCFX has a 0.43% expense ratio, which is lower than AWSHX's 0.58% expense ratio.

Dividends

AMCFX vs. AWSHX - Dividend Comparison

AMCFX's dividend yield for the trailing twelve months is around 8.12%, less than AWSHX's 9.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMCFX American Funds AMCAP Fund Class F-2	8.12%	8.57%	8.25%	3.59%	7.43%	5.87%	4.02%	5.04%	7.99%	5.50%	4.02%	8.82%
AWSHX American Funds Washington Mutual Investors Fund Class A	9.59%	10.08%	10.06%	6.14%	6.31%	6.05%	3.06%	6.19%	4.36%	7.26%	6.37%	6.25%

Frequently Asked Questions

Can I hold both AMCFX and AWSHX in my portfolio?

AMCFX and AWSHX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMCFX or AWSHX?

AMCFX has higher volatility (3.68%) compared to AWSHX (2.38%). In terms of maximum drawdown, AMCFX dropped -43.83% vs AWSHX's -53.95%.

Which has better risk-adjusted returns?

AWSHX currently has the higher Sharpe Ratio (1.66 vs 1.46), 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.