AMECX vs. ABALX
Compare and contrast key facts about American Funds The Income Fund of America Class A (AMECX) and American Funds American Balanced Fund Class A (ABALX).
AMECX is managed by American Funds. It was launched on Dec 1, 1973. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMECX or ABALX.
Performance
AMECX vs. ABALX - Performance Comparison
Returns By Period
In the year-to-date period, AMECX achieves a 13.17% return, which is significantly lower than ABALX's 14.95% return. Over the past 10 years, AMECX has underperformed ABALX with an annualized return of 6.81%, while ABALX has yielded a comparatively higher 8.24% annualized return.
AMECX
13.17%
-0.27%
9.15%
19.92%
7.56%
6.81%
ABALX
14.95%
-0.14%
8.50%
20.79%
8.70%
8.24%
Key characteristics
| AMECX | ABALX | |
|---|---|---|
| Sharpe Ratio | 2.72 | 2.52 |
| Sortino Ratio | 3.77 | 3.56 |
| Omega Ratio | 1.51 | 1.47 |
| Calmar Ratio | 3.53 | 4.31 |
| Martin Ratio | 17.77 | 16.87 |
| Ulcer Index | 1.13% | 1.25% |
| Daily Std Dev | 7.38% | 8.38% |
| Max Drawdown | -44.46% | -39.31% |
| Current Drawdown | -0.88% | -1.46% |
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AMECX vs. ABALX - Expense Ratio Comparison
Both AMECX and ABALX have an expense ratio of 0.56%.
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.
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.
Dividends
AMECX vs. ABALX - Dividend Comparison
AMECX's dividend yield for the trailing twelve months is around 3.30%, more than ABALX's 2.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 3.30% | 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 | 2.16% | 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.
Volatility
AMECX vs. ABALX - Volatility Comparison
The current volatility for American Funds The Income Fund of America Class A (AMECX) is 2.03%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 2.42%. 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.