AMEFX vs. AIVSX
AMEFX (American Funds The Income Fund of America® Class F-2) and AIVSX (American Funds Investment Company of America Class A) are both mutual funds - AMEFX is a Diversified Portfolio fund tracking the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index, while AIVSX is a Large Cap Blend Equities fund managed by American Funds. Over the past 10 years, AMEFX returned 8.71%/yr vs 14.27%/yr for AIVSX. Their correlation of 0.91 suggests significant overlap in exposure. AMEFX charges 0.37%/yr vs 0.57%/yr for AIVSX.
Performance
AMEFX vs. AIVSX - Performance Comparison
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Returns By Period
In the year-to-date period, AMEFX achieves a 6.40% return, which is significantly lower than AIVSX's 10.91% return. Over the past 10 years, AMEFX has underperformed AIVSX with an annualized return of 8.71%, while AIVSX has yielded a comparatively higher 14.27% annualized return.
AMEFX
- 1D
- 0.29%
- 1M
- 0.95%
- YTD
- 6.40%
- 6M
- 7.44%
- 1Y
- 15.98%
- 3Y*
- 13.96%
- 5Y*
- 7.97%
- 10Y*
- 8.71%
AIVSX
- 1D
- 0.00%
- 1M
- 5.17%
- YTD
- 10.91%
- 6M
- 10.87%
- 1Y
- 26.68%
- 3Y*
- 24.21%
- 5Y*
- 15.03%
- 10Y*
- 14.27%
AMEFX vs. AIVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMEFX American Funds The Income Fund of America® Class F-2 | 6.40% | 18.03% | 11.08% | 6.92% | -6.22% | 17.63% | 4.67% | 18.74% | -5.11% | 12.73% |
AIVSX American Funds Investment Company of America Class A | 10.91% | 20.47% | 24.90% | 28.56% | -15.50% | 25.10% | 14.47% | 24.10% | -8.21% | 19.54% |
Correlation
The correlation between AMEFX and AIVSX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2008 | 0.91 |
Over the past year, the correlation between AMEFX and AIVSX has dropped to 0.67 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
AMEFX vs. AIVSX — Risk / Return Rank
AMEFX
AIVSX
AMEFX vs. AIVSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Income Fund of America® Class F-2 (AMEFX) and American Funds Investment Company of America Class A (AIVSX). 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.
| AMEFX | AIVSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.73 | -0.06 |
| Martin ratioReturn relative to average drawdown | 10.06 | 12.38 | -2.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMEFX | AIVSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 2.21 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.94 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.86 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.70 | -0.02 |
Drawdowns
AMEFX vs. AIVSX - Drawdown Comparison
The maximum AMEFX drawdown since its inception was -37.22%, smaller than the maximum AIVSX drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for AMEFX and AIVSX.
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Drawdown Indicators
| AMEFX | AIVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.22% | -50.90% | +13.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -10.08% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -17.40% | +8.81% |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | -24.31% | +8.64% |
Max Drawdown (10Y)Largest decline over 10 years | -26.10% | -31.09% | +4.99% |
Current DrawdownCurrent decline from peak | -1.18% | 0.00% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -5.91% | +2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.22% | -0.61% |
Volatility
AMEFX vs. AIVSX - Volatility Comparison
The current volatility for American Funds The Income Fund of America® Class F-2 (AMEFX) is 2.04%, while American Funds Investment Company of America Class A (AIVSX) has a volatility of 3.26%. This indicates that AMEFX experiences smaller price fluctuations and is considered to be less risky than AIVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMEFX | AIVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 3.26% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 5.62% | 9.72% | -4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.16% | 12.46% | -5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 16.00% | -6.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 16.58% | -5.89% |
AMEFX vs. AIVSX - Expense Ratio Comparison
AMEFX has a 0.37% expense ratio, which is lower than AIVSX's 0.57% expense ratio.
Dividends
AMEFX vs. AIVSX - Dividend Comparison
AMEFX's dividend yield for the trailing twelve months is around 9.61%, which matches AIVSX's 9.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIVSX American Funds Investment Company of America Class A | 9.58% | 10.60% | 9.29% | 4.96% | 6.12% | 6.94% | 1.65% | 6.15% | 9.61% | 7.08% | 5.48% | 8.95% |
AMEFX American Funds The Income Fund of America® Class F-2 | 9.61% | 10.16% | 6.60% | 3.09% | 7.21% | 6.87% | 3.00% | 5.19% | 7.67% | 4.38% | 3.27% | 5.27% |
Frequently Asked Questions
AMEFX and AIVSX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIVSX has higher volatility (3.26%) compared to AMEFX (2.04%). In terms of maximum drawdown, AMEFX dropped -37.22% vs AIVSX's -50.90%.
AMEFX currently has the higher Sharpe Ratio (2.27 vs 2.21), 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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