AMEFX vs. AIVSX
Compare and contrast key facts about American Funds The Income Fund of America® Class F-2 (AMEFX) and American Funds Investment Company of America Class A (AIVSX).
AMEFX is a passively managed fund by American Funds that tracks the performance of the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. It was launched on Dec 1, 1973. AIVSX is managed by American Funds. It was launched on Jan 1, 1934.
Performance
AMEFX vs. AIVSX - Performance Comparison
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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 | 2.88% | 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 | -4.87% | 20.47% | 24.90% | 28.56% | -15.50% | 25.10% | 14.47% | 24.10% | -8.21% | 19.54% |
Returns By Period
In the year-to-date period, AMEFX achieves a 2.88% return, which is significantly higher than AIVSX's -4.87% return. Over the past 10 years, AMEFX has underperformed AIVSX with an annualized return of 8.55%, while AIVSX has yielded a comparatively higher 12.88% annualized return.
AMEFX
- 1D
- 1.37%
- 1M
- -4.14%
- YTD
- 2.88%
- 6M
- 5.41%
- 1Y
- 15.64%
- 3Y*
- 12.66%
- 5Y*
- 8.29%
- 10Y*
- 8.55%
AIVSX
- 1D
- 3.05%
- 1M
- -5.90%
- YTD
- -4.87%
- 6M
- -3.21%
- 1Y
- 17.66%
- 3Y*
- 20.05%
- 5Y*
- 12.46%
- 10Y*
- 12.88%
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AMEFX vs. AIVSX - Expense Ratio Comparison
AMEFX has a 0.37% expense ratio, which is lower than AIVSX's 0.57% expense ratio.
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 | 1.67 | 1.04 | +0.64 |
Sortino ratioReturn per unit of downside risk | 2.31 | 1.59 | +0.72 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.23 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.72 | +0.27 |
Martin ratioReturn relative to average drawdown | 9.26 | 7.16 | +2.11 |
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 | 1.67 | 1.04 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.78 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.78 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.67 | 0.00 |
Correlation
The correlation between AMEFX and AIVSX is 0.91, 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.
Dividends
AMEFX vs. AIVSX - Dividend Comparison
AMEFX's dividend yield for the trailing twelve months is around 9.94%, less than AIVSX's 11.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMEFX American Funds The Income Fund of America® Class F-2 | 9.94% | 10.16% | 6.60% | 3.09% | 7.21% | 6.87% | 3.00% | 5.19% | 7.67% | 4.38% | 3.27% | 5.27% |
AIVSX American Funds Investment Company of America Class A | 11.17% | 10.60% | 9.29% | 4.96% | 6.12% | 6.94% | 1.65% | 6.15% | 9.61% | 7.08% | 5.48% | 8.95% |
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 | -8.24% | -10.76% | +2.52% |
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 | -4.45% | -7.34% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -5.93% | +2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.59% | -0.82% |
Volatility
AMEFX vs. AIVSX - Volatility Comparison
The current volatility for American Funds The Income Fund of America® Class F-2 (AMEFX) is 3.33%, while American Funds Investment Company of America Class A (AIVSX) has a volatility of 5.75%. 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 | 3.33% | 5.75% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 5.62% | 9.93% | -4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.58% | 17.56% | -7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 15.96% | -6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 16.55% | -5.86% |