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.
Performance
AMECX vs. ABALX - Performance Comparison
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AMECX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 1.48% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 12.58% |
ABALX American Funds American Balanced Fund Class A | -2.86% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, AMECX achieves a 1.48% return, which is significantly higher than ABALX's -2.86% return. Over the past 10 years, AMECX has underperformed ABALX with an annualized return of 8.21%, while ABALX has yielded a comparatively higher 8.98% annualized return.
AMECX
- 1D
- 0.23%
- 1M
- -5.74%
- YTD
- 1.48%
- 6M
- 4.22%
- 1Y
- 14.19%
- 3Y*
- 11.95%
- 5Y*
- 7.95%
- 10Y*
- 8.21%
ABALX
- 1D
- -0.14%
- 1M
- -6.82%
- YTD
- -2.86%
- 6M
- 0.85%
- 1Y
- 15.33%
- 3Y*
- 13.40%
- 5Y*
- 8.00%
- 10Y*
- 8.98%
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AMECX vs. ABALX - Expense Ratio Comparison
Both AMECX and ABALX have an expense ratio of 0.56%.
Return for Risk
AMECX vs. ABALX — Risk / Return Rank
AMECX
ABALX
AMECX vs. ABALX - Risk-Adjusted Trends 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.
| AMECX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 1.43 | +0.12 |
Sortino ratioReturn per unit of downside risk | 2.13 | 2.09 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.00 | -0.30 |
Martin ratioReturn relative to average drawdown | 8.01 | 8.51 | -0.50 |
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
| AMECX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.43 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.77 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.85 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.79 | -0.07 |
Correlation
The correlation between AMECX and ABALX is 0.91, 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
AMECX vs. ABALX - Dividend Comparison
AMECX's dividend yield for the trailing twelve months is around 9.86%, more than ABALX's 8.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 9.86% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
ABALX American Funds American Balanced Fund Class A | 8.54% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
AMECX vs. ABALX - Drawdown Comparison
The maximum AMECX drawdown since its inception was -41.92%, roughly equal to the maximum ABALX drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for AMECX and ABALX.
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Drawdown Indicators
| AMECX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -40.20% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.19% | -7.33% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -15.78% | -18.76% | +2.98% |
Max Drawdown (10Y)Largest decline over 10 years | -26.13% | -22.34% | -3.79% |
Current DrawdownCurrent decline from peak | -5.74% | -7.03% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -3.86% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.73% | +0.01% |
Volatility
AMECX vs. ABALX - Volatility Comparison
The current volatility for American Funds The Income Fund of America Class A (AMECX) is 2.94%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 3.26%. 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.
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Volatility by Period
| AMECX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 3.26% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 5.49% | 6.74% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.48% | 11.11% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.44% | 10.42% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.66% | 10.61% | +0.05% |