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:
1.78
SPY:
1.82
AMECX:
2.34
SPY:
2.45
AMECX:
1.33
SPY:
1.33
AMECX:
2.30
SPY:
2.77
AMECX:
7.48
SPY:
11.49
AMECX:
1.91%
SPY:
2.03%
AMECX:
7.92%
SPY:
12.70%
AMECX:
-43.59%
SPY:
-55.19%
AMECX:
-0.41%
SPY:
0.00%
Returns By Period
In the year-to-date period, AMECX achieves a 5.16% return, which is significantly higher than SPY's 4.04% return. Over the past 10 years, AMECX has underperformed SPY with an annualized return of 4.92%, while SPY has yielded a comparatively higher 13.24% annualized return.
AMECX
5.16%
5.20%
4.85%
15.24%
5.35%
4.92%
SPY
4.04%
4.73%
10.95%
23.86%
14.32%
13.24%
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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 3.89%, more than SPY's 1.16% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 3.89% | 4.10% | 3.66% | 3.38% | 2.86% | 3.19% | 3.20% | 3.35% | 2.82% | 3.09% | 3.26% | 3.64% |
SPY SPDR S&P 500 ETF | 1.16% | 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 -43.59%, 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 2.19%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.55%. 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.