AMEFX vs. VSMGX
Compare and contrast key facts about American Funds The Income Fund of America® Class F-2 (AMEFX) and Vanguard LifeStrategy Moderate Growth Fund (VSMGX).
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. VSMGX is managed by Vanguard. It was launched on Sep 30, 1994.
Performance
AMEFX vs. VSMGX - Performance Comparison
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AMEFX vs. VSMGX - 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% |
VSMGX Vanguard LifeStrategy Moderate Growth Fund | -1.04% | 16.26% | 15.03% | 15.70% | -16.01% | 10.08% | 13.59% | 19.37% | -4.91% | 13.66% |
Returns By Period
In the year-to-date period, AMEFX achieves a 2.88% return, which is significantly higher than VSMGX's -1.04% return. Both investments have delivered pretty close results over the past 10 years, with AMEFX having a 8.55% annualized return and VSMGX not far behind at 8.13%.
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%
VSMGX
- 1D
- 1.81%
- 1M
- -4.25%
- YTD
- -1.04%
- 6M
- 0.93%
- 1Y
- 14.43%
- 3Y*
- 13.22%
- 5Y*
- 6.60%
- 10Y*
- 8.13%
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AMEFX vs. VSMGX - Expense Ratio Comparison
AMEFX has a 0.37% expense ratio, which is higher than VSMGX's 0.13% expense ratio.
Return for Risk
AMEFX vs. VSMGX — Risk / Return Rank
AMEFX
VSMGX
AMEFX vs. VSMGX - 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 Vanguard LifeStrategy Moderate Growth Fund (VSMGX). 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 | VSMGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 1.45 | +0.22 |
Sortino ratioReturn per unit of downside risk | 2.31 | 2.08 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.05 | -0.06 |
Martin ratioReturn relative to average drawdown | 9.26 | 8.78 | +0.48 |
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 | VSMGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.45 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.66 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.79 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.67 | -0.01 |
Correlation
The correlation between AMEFX and VSMGX is 0.92, 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. VSMGX - Dividend Comparison
AMEFX's dividend yield for the trailing twelve months is around 9.94%, more than VSMGX's 5.30% 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% |
VSMGX Vanguard LifeStrategy Moderate Growth Fund | 5.30% | 5.25% | 11.49% | 4.01% | 2.66% | 3.86% | 3.46% | 2.52% | 4.11% | 1.09% | 2.26% | 3.89% |
Drawdowns
AMEFX vs. VSMGX - Drawdown Comparison
The maximum AMEFX drawdown since its inception was -37.22%, smaller than the maximum VSMGX drawdown of -41.13%. Use the drawdown chart below to compare losses from any high point for AMEFX and VSMGX.
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Drawdown Indicators
| AMEFX | VSMGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.22% | -41.13% | +3.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -7.24% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | -22.29% | +6.62% |
Max Drawdown (10Y)Largest decline over 10 years | -26.10% | -22.43% | -3.67% |
Current DrawdownCurrent decline from peak | -4.45% | -4.94% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -4.86% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.69% | +0.08% |
Volatility
AMEFX vs. VSMGX - Volatility Comparison
The current volatility for American Funds The Income Fund of America® Class F-2 (AMEFX) is 3.33%, while Vanguard LifeStrategy Moderate Growth Fund (VSMGX) has a volatility of 4.14%. This indicates that AMEFX experiences smaller price fluctuations and is considered to be less risky than VSMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMEFX | VSMGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 4.14% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 5.62% | 6.30% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.58% | 10.24% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 10.12% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 10.32% | +0.37% |