AMEFX vs. ANCFX
Compare and contrast key facts about American Funds The Income Fund of America® Class F-2 (AMEFX) and American Funds Fundamental Investors Class A (ANCFX).
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. ANCFX is managed by American Funds. It was launched on Jan 8, 1978.
Performance
AMEFX vs. ANCFX - Performance Comparison
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AMEFX vs. ANCFX - 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 | 1.49% | 18.03% | 11.08% | 6.92% | -6.22% | 17.63% | 4.67% | 18.74% | -5.11% | 12.73% |
ANCFX American Funds Fundamental Investors Class A | -6.13% | 24.21% | 22.73% | 25.86% | -16.66% | 22.43% | 14.92% | 27.07% | -8.13% | 22.80% |
Returns By Period
In the year-to-date period, AMEFX achieves a 1.49% return, which is significantly higher than ANCFX's -6.13% return. Over the past 10 years, AMEFX has underperformed ANCFX with an annualized return of 8.40%, while ANCFX has yielded a comparatively higher 12.92% annualized return.
AMEFX
- 1D
- 0.19%
- 1M
- -5.74%
- YTD
- 1.49%
- 6M
- 4.29%
- 1Y
- 14.39%
- 3Y*
- 12.15%
- 5Y*
- 8.14%
- 10Y*
- 8.40%
ANCFX
- 1D
- -0.62%
- 1M
- -9.88%
- YTD
- -6.13%
- 6M
- -2.09%
- 1Y
- 20.46%
- 3Y*
- 19.35%
- 5Y*
- 11.57%
- 10Y*
- 12.92%
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AMEFX vs. ANCFX - Expense Ratio Comparison
AMEFX has a 0.37% expense ratio, which is lower than ANCFX's 0.59% expense ratio.
Return for Risk
AMEFX vs. ANCFX — Risk / Return Rank
AMEFX
ANCFX
AMEFX vs. ANCFX - 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 Fundamental Investors Class A (ANCFX). 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 | ANCFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 1.16 | +0.41 |
Sortino ratioReturn per unit of downside risk | 2.15 | 1.75 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.61 | +0.11 |
Martin ratioReturn relative to average drawdown | 8.12 | 7.19 | +0.93 |
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 | ANCFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.16 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.70 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.73 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.61 | +0.05 |
Correlation
The correlation between AMEFX and ANCFX 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. ANCFX - Dividend Comparison
AMEFX's dividend yield for the trailing twelve months is around 10.08%, more than ANCFX's 9.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMEFX American Funds The Income Fund of America® Class F-2 | 10.08% | 10.16% | 6.60% | 3.09% | 7.21% | 6.87% | 3.00% | 5.19% | 7.67% | 4.38% | 3.27% | 5.27% |
ANCFX American Funds Fundamental Investors Class A | 9.11% | 8.54% | 8.90% | 5.80% | 4.98% | 10.97% | 2.61% | 6.91% | 9.31% | 7.28% | 4.71% | 6.08% |
Drawdowns
AMEFX vs. ANCFX - Drawdown Comparison
The maximum AMEFX drawdown since its inception was -37.22%, smaller than the maximum ANCFX drawdown of -53.29%. Use the drawdown chart below to compare losses from any high point for AMEFX and ANCFX.
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Drawdown Indicators
| AMEFX | ANCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.22% | -53.29% | +16.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -11.35% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | -25.07% | +9.40% |
Max Drawdown (10Y)Largest decline over 10 years | -26.10% | -33.93% | +7.83% |
Current DrawdownCurrent decline from peak | -5.74% | -10.66% | +4.92% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -7.34% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.54% | -0.80% |
Volatility
AMEFX vs. ANCFX - Volatility Comparison
The current volatility for American Funds The Income Fund of America® Class F-2 (AMEFX) is 2.90%, while American Funds Fundamental Investors Class A (ANCFX) has a volatility of 4.98%. This indicates that AMEFX experiences smaller price fluctuations and is considered to be less risky than ANCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMEFX | ANCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 4.98% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 5.46% | 10.64% | -5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.51% | 17.94% | -8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.45% | 16.67% | -7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.68% | 17.65% | -6.97% |