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AMFIX vs. EINFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AMFIX vs. EINFX

Last updated Jun 23, 2026

AMFIX (AAMA Income Fund) and EINFX (Elfun Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, AMFIX returned 0.78%/yr vs -0.79%/yr for EINFX. A 0.79 correlation means they provide meaningful diversification when combined. AMFIX charges 0.92%/yr vs 0.29%/yr for EINFX.

Performance

AMFIX vs. EINFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAMA Income Fund (AMFIX) and Elfun Income Fund (EINFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AMFIX achieves a 0.30% return, which is significantly higher than EINFX's 0.04% return.

AMFIX

1D
0.12%
1M
0.21%
YTD
0.30%
6M
0.40%
1Y
2.31%
3Y*
3.32%
5Y*
0.78%
10Y*
—

EINFX

1D
0.21%
1M
0.99%
YTD
0.04%
6M
0.46%
1Y
4.43%
3Y*
3.02%
5Y*
-0.79%
10Y*
1.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AMFIX vs. EINFX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AMFIX
AAMA Income Fund		0.30%3.74%3.48%3.84%-6.26%-1.37%2.24%2.47%0.89%-0.44%
EINFX
Elfun Income Fund		0.04%7.35%-0.73%4.75%-13.82%-1.57%7.81%9.51%-0.86%0.38%

Correlation

The correlation between AMFIX and EINFX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.82

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Aug 30, 2017

0.79

The correlation between AMFIX and EINFX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

AAMA Income Fund

Elfun Income Fund

Often compared with AMFIX:
AMFIX vs. HOBIXAMFIX vs. ARINXAMFIX vs. AAIIXAMFIX vs. BCPIXAMFIX vs. GUGAXAMFIX vs. MCFIXAMFIX vs. JCPUX
Often compared with EINFX:
EINFX vs. HOBIXEINFX vs. EBABXEINFX vs. JCPUXEINFX vs. BCPIXEINFX vs. NPCTEINFX vs. SAVYXEINFX vs. TNUIX

Return for Risk

AMFIX vs. EINFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AMFIX
AMFIX Risk / Return Rank: 6767
Overall Rank
AMFIX Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
AMFIX Sortino Ratio Rank: 7373
Sortino Ratio Rank
AMFIX Omega Ratio Rank: 7575
Omega Ratio Rank
AMFIX Calmar Ratio Rank: 7474
Calmar Ratio Rank
AMFIX Martin Ratio Rank: 5151
Martin Ratio Rank
EINFX
EINFX Risk / Return Rank: 1616
Overall Rank
EINFX Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
EINFX Sortino Ratio Rank: 1818
Sortino Ratio Rank
EINFX Omega Ratio Rank: 1616
Omega Ratio Rank
EINFX Calmar Ratio Rank: 1616
Calmar Ratio Rank
EINFX Martin Ratio Rank: 1515
Martin Ratio Rank
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.

AMFIX vs. EINFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAMA Income Fund (AMFIX) and Elfun Income Fund (EINFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

AMFIXEINFXDifference
Sharpe ratioReturn per unit of total volatility
2.14
1.10

+1.04

Sortino ratioReturn per unit of downside risk
3.24
1.66

+1.58

Omega ratioGain probability vs. loss probability

1.44

1.19

+0.25

Calmar ratioReturn relative to maximum drawdown

3.20

1.34

+1.86

Martin ratioReturn relative to average drawdown

9.90

3.78

+6.11

AMFIX vs. EINFX - Sharpe Ratio Comparison

The current AMFIX Sharpe Ratio is 2.14, which is higher than the EINFX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of AMFIX and EINFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AMFIX vs. EINFX - Drawdown Comparison

The maximum AMFIX drawdown since its inception was -9.35%, smaller than the maximum EINFX drawdown of -19.78%. Use the drawdown chart below to compare losses from any high point for AMFIX and EINFX.

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Drawdown Indicators

AMFIXEINFXDifference

Max Drawdown

Largest peak-to-trough decline

-9.35%

-19.78%

+10.43%

Max Drawdown (1Y)

Largest decline over 1 year

-0.74%

-3.40%

+2.66%

Max Drawdown (3Y)

Largest decline over 3 years

-0.88%

-8.10%

+7.22%

Max Drawdown (5Y)

Largest decline over 5 years

-8.91%

-19.78%

+10.87%

Max Drawdown (10Y)

Largest decline over 10 years

—

-19.78%

—

Current Drawdown

Current decline from peak

-0.39%

-5.26%

+4.87%

Average Drawdown

Average peak-to-trough decline

-2.02%

-3.58%

+1.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.24%

1.20%

-0.96%

Volatility

AMFIX vs. EINFX - Volatility Comparison

The current volatility for AAMA Income Fund (AMFIX) is 0.46%, while Elfun Income Fund (EINFX) has a volatility of 1.28%. This indicates that AMFIX experiences smaller price fluctuations and is considered to be less risky than EINFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AMFIXEINFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.46%

1.28%

-0.82%

Volatility (6M)

Calculated over the trailing 6-month period

0.91%

3.00%

-2.09%

Volatility (1Y)

Calculated over the trailing 1-year period

1.11%

4.15%

-3.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.17%

6.51%

-4.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.74%

5.24%

-3.50%

AMFIX vs. EINFX - Expense Ratio Comparison

AMFIX has a 0.92% expense ratio, which is higher than EINFX's 0.29% expense ratio.

Dividends

AMFIX vs. EINFX - Dividend Comparison

AMFIX's dividend yield for the trailing twelve months is around 2.21%, less than EINFX's 3.85% yield.

PositionTTM20252024202320222021202020192018201720162015
AMFIX
AAMA Income Fund		2.21%2.08%2.44%1.70%0.83%0.57%0.83%1.24%1.24%0.40%0.00%0.00%
EINFX
Elfun Income Fund		3.85%3.84%3.04%2.76%4.09%3.31%3.15%2.78%2.88%2.42%3.34%2.87%

Frequently Asked Questions

AMFIX and EINFX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EINFX has higher volatility (1.28%) compared to AMFIX (0.46%). In terms of maximum drawdown, AMFIX dropped -9.35% vs EINFX's -19.78%.

AMFIX currently has the higher Sharpe Ratio (2.14 vs 1.10), 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.

Portfolio Optimizer

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