AMECX vs. SPY
Compare and contrast key facts about American Funds The Income Fund of America Class A (AMECX) and SPDR S&P 500 ETF (SPY).
AMECX is managed by American Funds. It was launched on Dec 1, 1973. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMECX or SPY.
Correlation
The correlation between AMECX and SPY is 0.83, 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.
Performance
AMECX vs. SPY - Performance Comparison
Key characteristics
AMECX:
1.20
SPY:
0.68
AMECX:
1.61
SPY:
0.98
AMECX:
1.22
SPY:
1.13
AMECX:
1.57
SPY:
0.95
AMECX:
5.21
SPY:
3.13
AMECX:
1.88%
SPY:
3.03%
AMECX:
8.17%
SPY:
13.89%
AMECX:
-43.53%
SPY:
-55.19%
AMECX:
-0.43%
SPY:
-7.62%
Returns By Period
In the year-to-date period, AMECX achieves a 5.20% return, which is significantly higher than SPY's -3.39% return. Over the past 10 years, AMECX has underperformed SPY with an annualized return of 5.04%, while SPY has yielded a comparatively higher 12.54% annualized return.
AMECX
5.20%
-0.12%
0.94%
10.24%
9.89%
5.04%
SPY
-3.39%
-3.01%
-0.13%
10.19%
19.68%
12.54%
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AMECX vs. SPY - Expense Ratio Comparison
AMECX has a 0.56% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AMECX vs. SPY — Risk-Adjusted Performance Rank
AMECX
SPY
AMECX vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
AMECX's dividend yield for the trailing twelve months is around 3.92%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 3.92% | 4.10% | 3.66% | 3.38% | 2.86% | 3.19% | 3.20% | 3.35% | 2.82% | 3.09% | 3.26% | 3.66% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AMECX vs. SPY - Drawdown Comparison
The maximum AMECX drawdown since its inception was -43.53%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AMECX and SPY. For additional features, visit the drawdowns tool.
Volatility
AMECX vs. SPY - Volatility Comparison
The current volatility for American Funds The Income Fund of America Class A (AMECX) is 2.46%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.76%. This indicates that AMECX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.