AMEFX vs. PPTY

Last updated Jun 4, 2026

AMEFX (American Funds The Income Fund of America® Class F-2) and PPTY (US Diversified Real Estate ETF) are both funds - AMEFX is a Diversified Portfolio fund tracking the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index, while PPTY is a REIT fund tracking the USREX - U.S. Diversified Real Estate Index. Both are passively managed. Over the past 5 years, AMEFX returned 7.97%/yr vs 2.24%/yr for PPTY. A 0.69 correlation means they provide meaningful diversification when combined. AMEFX charges 0.37%/yr vs 0.49%/yr for PPTY.

Performance

AMEFX vs. PPTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds The Income Fund of America® Class F-2 (AMEFX) and US Diversified Real Estate ETF (PPTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMEFX achieves a 6.40% return, which is significantly lower than PPTY's 9.18% 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%

PPTY

• 1D: -0.03%
• 1M: 1.54%
• YTD: 9.18%
• 6M: 8.77%
• 1Y: 10.25%
• 3Y*: 8.93%
• 5Y*: 2.24%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMEFX vs. PPTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%	-2.44%
PPTY US Diversified Real Estate ETF	9.18%	-3.47%	9.85%	12.66%	-26.10%	40.36%	-7.25%	30.19%	4.07%

Correlation

The correlation between AMEFX and PPTY is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018	0.69

The correlation between AMEFX and PPTY shifts across timeframes, from 0.60 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

AMEFX vs. PPTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMEFX

AMEFX Risk / Return Rank: 54
AMEFX Sharpe Ratio Rank: 59
AMEFX Sortino Ratio Rank: 59
AMEFX Omega Ratio Rank: 56
AMEFX Calmar Ratio Rank: 49
AMEFX Martin Ratio Rank: 49

PPTY

PPTY Risk / Return Rank: 23
PPTY Sharpe Ratio Rank: 22
PPTY Sortino Ratio Rank: 21
PPTY Omega Ratio Rank: 20
PPTY Calmar Ratio Rank: 27
PPTY Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMEFX vs. PPTY - 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 US Diversified Real Estate ETF (PPTY). 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	PPTY	Difference
Sharpe ratio: Return per unit of total volatility	2.27	0.76	+1.52
Sortino ratio: Return per unit of downside risk	3.22	1.12	+2.10
Omega ratio: Gain probability vs. loss probability	1.42	1.13	+0.28
Calmar ratio: Return relative to maximum drawdown	2.67	1.27	+1.40
Martin ratio: Return relative to average drawdown	10.06	3.66	+6.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMEFX vs. PPTY - Sharpe Ratio Comparison

The current AMEFX Sharpe Ratio is 2.27, which is higher than the PPTY Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of AMEFX and PPTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMEFX	PPTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	0.76	+1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.12	+0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.31	+0.37

Drawdowns

AMEFX vs. PPTY - Drawdown Comparison

The maximum AMEFX drawdown since its inception was -37.22%, smaller than the maximum PPTY drawdown of -41.69%. Use the drawdown chart below to compare losses from any high point for AMEFX and PPTY.

Drawdown Indicators

	AMEFX	PPTY	Difference
Max Drawdown Largest peak-to-trough decline	-37.22%	-41.69%	+4.47%
Max Drawdown (1Y) Largest decline over 1 year	-6.10%	-8.09%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	-8.59%	-21.06%	+12.47%
Max Drawdown (5Y) Largest decline over 5 years	-15.67%	-32.37%	+16.70%
Max Drawdown (10Y) Largest decline over 10 years	-26.10%	—	—
Current Drawdown Current decline from peak	-1.18%	-3.81%	+2.63%
Average Drawdown Average peak-to-trough decline	-3.83%	-11.34%	+7.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	2.80%	-1.19%

Volatility

AMEFX vs. PPTY - Volatility Comparison

The current volatility for American Funds The Income Fund of America® Class F-2 (AMEFX) is 2.04%, while US Diversified Real Estate ETF (PPTY) has a volatility of 3.85%. This indicates that AMEFX experiences smaller price fluctuations and is considered to be less risky than PPTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMEFX	PPTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	3.85%	-1.81%
Volatility (6M) Calculated over the trailing 6-month period	5.62%	9.35%	-3.73%
Volatility (1Y) Calculated over the trailing 1-year period	7.16%	13.63%	-6.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.47%	18.57%	-9.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.69%	21.92%	-11.23%

AMEFX vs. PPTY - Expense Ratio Comparison

AMEFX has a 0.37% expense ratio, which is lower than PPTY's 0.49% expense ratio.

Dividends

AMEFX vs. PPTY - Dividend Comparison

AMEFX's dividend yield for the trailing twelve months is around 9.61%, more than PPTY's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PPTY US Diversified Real Estate ETF	2.66%	3.04%	3.29%	4.08%	4.29%	2.87%	3.43%	3.30%	1.97%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMEFX and PPTY in my portfolio?

AMEFX and PPTY have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMEFX or PPTY?

PPTY has higher volatility (3.85%) compared to AMEFX (2.04%). In terms of maximum drawdown, AMEFX dropped -37.22% vs PPTY's -41.69%.

Which has better risk-adjusted returns?

AMEFX currently has the higher Sharpe Ratio (2.27 vs 0.76), 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.