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AMECX vs. ABALX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AMECX and ABALX is 0.89, 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.


-0.50.00.51.00.9

Performance

AMECX vs. ABALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds The Income Fund of America Class A (AMECX) and American Funds American Balanced Fund Class A (ABALX). The values are adjusted to include any dividend payments, if applicable.

2,600.00%2,700.00%2,800.00%2,900.00%3,000.00%JulyAugustSeptemberOctoberNovemberDecember
2,800.85%
2,669.40%
AMECX
ABALX

Key characteristics

Sharpe Ratio

AMECX:

0.90

ABALX:

0.97

Sortino Ratio

AMECX:

1.16

ABALX:

1.25

Omega Ratio

AMECX:

1.18

ABALX:

1.20

Calmar Ratio

AMECX:

0.97

ABALX:

1.18

Martin Ratio

AMECX:

5.20

ABALX:

6.12

Ulcer Index

AMECX:

1.49%

ABALX:

1.60%

Daily Std Dev

AMECX:

8.58%

ABALX:

10.12%

Max Drawdown

AMECX:

-44.46%

ABALX:

-39.31%

Current Drawdown

AMECX:

-7.27%

ABALX:

-7.61%

Returns By Period

In the year-to-date period, AMECX achieves a 6.15% return, which is significantly lower than ABALX's 8.45% return. Over the past 10 years, AMECX has underperformed ABALX with an annualized return of 6.14%, while ABALX has yielded a comparatively higher 8.16% annualized return.


AMECX

YTD

6.15%

1M

-5.58%

6M

1.58%

1Y

7.02%

5Y*

5.60%

10Y*

6.14%

ABALX

YTD

8.45%

1M

-5.34%

6M

-0.56%

1Y

9.06%

5Y*

6.93%

10Y*

8.16%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


AMECX vs. ABALX - Expense Ratio Comparison

Both AMECX and ABALX have an expense ratio of 0.56%.


AMECX
American Funds The Income Fund of America Class A
Expense ratio chart for AMECX: current value at 0.56% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.56%
Expense ratio chart for ABALX: current value at 0.56% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.56%

Risk-Adjusted Performance

AMECX vs. ABALX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds The Income Fund of America Class A (AMECX) and American Funds American Balanced Fund Class A (ABALX). 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 AMECX, currently valued at 0.90, compared to the broader market-1.000.001.002.003.004.000.900.97
The chart of Sortino ratio for AMECX, currently valued at 1.16, compared to the broader market-2.000.002.004.006.008.0010.001.161.25
The chart of Omega ratio for AMECX, currently valued at 1.18, compared to the broader market0.501.001.502.002.503.003.501.181.20
The chart of Calmar ratio for AMECX, currently valued at 0.97, compared to the broader market0.002.004.006.008.0010.0012.0014.000.971.18
The chart of Martin ratio for AMECX, currently valued at 5.20, compared to the broader market0.0020.0040.0060.005.206.12
AMECX
ABALX

The current AMECX Sharpe Ratio is 0.90, which is comparable to the ABALX Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of AMECX and ABALX, 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
0.90
0.97
AMECX
ABALX

Dividends

AMECX vs. ABALX - Dividend Comparison

AMECX's dividend yield for the trailing twelve months is around 2.09%, more than ABALX's 0.96% yield.


TTM20232022202120202019201820172016201520142013
AMECX
American Funds The Income Fund of America Class A
2.09%3.66%3.38%2.86%3.19%3.20%3.35%2.82%3.09%3.26%3.64%3.17%
ABALX
American Funds American Balanced Fund Class A
0.96%2.36%1.69%1.20%1.32%1.91%2.10%1.79%1.77%2.47%8.09%1.54%

Drawdowns

AMECX vs. ABALX - Drawdown Comparison

The maximum AMECX drawdown since its inception was -44.46%, which is greater than ABALX's maximum drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for AMECX and ABALX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.27%
-7.61%
AMECX
ABALX

Volatility

AMECX vs. ABALX - Volatility Comparison

The current volatility for American Funds The Income Fund of America Class A (AMECX) is 4.98%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 6.16%. This indicates that AMECX experiences smaller price fluctuations and is considered to be less risky than ABALX 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
4.98%
6.16%
AMECX
ABALX
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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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