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.
Performance
AMECX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, AMECX achieves a 13.17% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, AMECX has underperformed SPY with an annualized return of 6.81%, while SPY has yielded a comparatively higher 13.10% annualized return.
AMECX
13.17%
-0.27%
9.15%
19.92%
7.56%
6.81%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| AMECX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.72 | 2.70 |
| Sortino Ratio | 3.77 | 3.60 |
| Omega Ratio | 1.51 | 1.50 |
| Calmar Ratio | 3.53 | 3.90 |
| Martin Ratio | 17.77 | 17.52 |
| Ulcer Index | 1.13% | 1.87% |
| Daily Std Dev | 7.38% | 12.14% |
| Max Drawdown | -44.46% | -55.19% |
| Current Drawdown | -0.88% | -0.85% |
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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.
Correlation
The correlation between AMECX and SPY is 0.84, 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. 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 3.30%, more than SPY's 1.18% 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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AMECX vs. SPY - Drawdown Comparison
The maximum AMECX drawdown since its inception was -44.46%, 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 2.03%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. 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.