AMECX vs. VYM
AMECX (American Funds The Income Fund of America Class A) and VYM (Vanguard High Dividend Yield ETF) are both funds - AMECX is a Diversified Portfolio fund managed by American Funds, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Over the past 10 years, AMECX returned 8.39%/yr vs 11.78%/yr for VYM. Their correlation of 0.93 suggests significant overlap in exposure. AMECX charges 0.56%/yr vs 0.04%/yr for VYM.
Performance
AMECX vs. VYM - Performance Comparison
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Returns By Period
In the year-to-date period, AMECX achieves a 5.48% return, which is significantly lower than VYM's 11.57% return. Over the past 10 years, AMECX has underperformed VYM with an annualized return of 8.39%, while VYM has yielded a comparatively higher 11.78% annualized return.
AMECX
- 1D
- -0.40%
- 1M
- -0.52%
- YTD
- 5.48%
- 6M
- 6.05%
- 1Y
- 14.23%
- 3Y*
- 12.78%
- 5Y*
- 8.08%
- 10Y*
- 8.39%
VYM
- 1D
- 0.07%
- 1M
- 1.56%
- YTD
- 11.57%
- 6M
- 11.72%
- 1Y
- 25.29%
- 3Y*
- 17.42%
- 5Y*
- 12.42%
- 10Y*
- 11.78%
AMECX vs. VYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 5.48% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 12.58% |
VYM Vanguard High Dividend Yield ETF | 11.57% | 15.42% | 17.60% | 6.57% | -0.43% | 26.20% | 1.15% | 24.06% | -5.92% | 16.42% |
Correlation
The correlation between AMECX and VYM is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2006 | 0.93 |
The correlation between AMECX and VYM has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
AMECX vs. VYM — Risk / Return Rank
AMECX
VYM
AMECX vs. VYM - 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 Vanguard High Dividend Yield ETF (VYM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMECX | VYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.44 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 3.79 | -1.46 |
| Martin ratioReturn relative to average drawdown | 8.61 | 14.13 | -5.52 |
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Drawdowns
AMECX vs. VYM - Drawdown Comparison
The maximum AMECX drawdown since its inception was -41.92%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for AMECX and VYM.
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Drawdown Indicators
| AMECX | VYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -56.98% | +15.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -6.69% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -8.58% | -14.46% | +5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -15.78% | -15.84% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -26.13% | -35.21% | +9.08% |
Current DrawdownCurrent decline from peak | -2.02% | -1.23% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -7.18% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.79% | -0.13% |
Volatility
AMECX vs. VYM - Volatility Comparison
The current volatility for American Funds The Income Fund of America Class A (AMECX) is 2.30%, while Vanguard High Dividend Yield ETF (VYM) has a volatility of 3.06%. This indicates that AMECX experiences smaller price fluctuations and is considered to be less risky than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMECX | VYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 3.06% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 7.65% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.41% | 10.39% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 13.95% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 16.35% | -5.66% |
AMECX vs. VYM - Expense Ratio Comparison
AMECX has a 0.56% expense ratio, which is higher than VYM's 0.04% expense ratio.
Dividends
AMECX vs. VYM - Dividend Comparison
AMECX's dividend yield for the trailing twelve months is around 9.55%, more than VYM's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 9.55% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
VYM Vanguard High Dividend Yield ETF | 2.84% | 2.44% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% |
Frequently Asked Questions
AMECX and VYM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VYM has higher volatility (3.06%) compared to AMECX (2.30%). In terms of maximum drawdown, AMECX dropped -41.92% vs VYM's -56.98%.
VYM currently has the higher Sharpe Ratio (2.44 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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