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 0.84, 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.
Performance
AMECX vs. SPY - Performance Comparison
Key characteristics
AMECX:
1.57
SPY:
2.20
AMECX:
2.05
SPY:
2.91
AMECX:
1.29
SPY:
1.41
AMECX:
2.00
SPY:
3.35
AMECX:
6.76
SPY:
13.99
AMECX:
1.84%
SPY:
2.01%
AMECX:
7.93%
SPY:
12.79%
AMECX:
-43.59%
SPY:
-55.19%
AMECX:
-3.43%
SPY:
-1.35%
Returns By Period
The year-to-date returns for both stocks are quite close, with AMECX having a 1.97% return and SPY slightly lower at 1.96%. Over the past 10 years, AMECX has underperformed SPY with an annualized return of 4.97%, while SPY has yielded a comparatively higher 13.29% annualized return.
AMECX
1.97%
2.17%
3.14%
11.64%
4.73%
4.97%
SPY
1.96%
1.09%
8.43%
25.46%
14.30%
13.29%
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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 4.02%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 4.02% | 4.10% | 3.66% | 3.38% | 2.86% | 3.19% | 3.20% | 3.35% | 2.82% | 3.09% | 5.70% | 7.29% |
SPY SPDR S&P 500 ETF | 1.18% | 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 3.22%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.10%. 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.