AMRMX vs. AMECX

Last updated Jun 23, 2026

AMRMX (American Funds American Mutual Fund Class A) and AMECX (American Funds The Income Fund of America Class A) are both mutual funds - AMRMX is a Large Cap Blend Equities fund managed by American Funds, while AMECX is a Diversified Portfolio fund actively managed by American Funds. Over the past 10 years, AMRMX returned 11.22%/yr vs 8.39%/yr for AMECX. Their correlation of 0.92 suggests significant overlap in exposure. AMRMX charges 0.58%/yr vs 0.56%/yr for AMECX.

Performance

AMRMX vs. AMECX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds American Mutual Fund Class A (AMRMX) and American Funds The Income Fund of America Class A (AMECX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMRMX achieves a 6.84% return, which is significantly higher than AMECX's 5.48% return. Over the past 10 years, AMRMX has outperformed AMECX with an annualized return of 11.22%, while AMECX has yielded a comparatively lower 8.39% annualized return.

AMRMX

• 1D: 0.48%
• 1M: 0.47%
• YTD: 6.84%
• 6M: 6.59%
• 1Y: 17.43%
• 3Y*: 14.81%
• 5Y*: 10.91%
• 10Y*: 11.22%

AMECX

• 1D: -0.40%
• 1M: -1.02%
• YTD: 5.48%
• 6M: 5.52%
• 1Y: 14.19%
• 3Y*: 12.78%
• 5Y*: 8.08%
• 10Y*: 8.39%

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

AMRMX vs. AMECX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMRMX American Funds American Mutual Fund Class A	6.84%	16.08%	14.93%	9.43%	-4.49%	24.99%	4.52%	21.53%	-2.25%	17.53%
AMECX American Funds The Income Fund of America Class A	5.48%	17.77%	10.84%	6.79%	-6.40%	17.37%	4.49%	18.50%	-5.27%	12.58%

Correlation

The correlation between AMRMX and AMECX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 2, 1986	0.92

The correlation between AMRMX and AMECX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

AMRMX vs. AMECX — Risk / Return Rank

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

AMRMX

AMRMX Risk / Return Rank: 42
AMRMX Sharpe Ratio Rank: 44
AMRMX Sortino Ratio Rank: 42
AMRMX Omega Ratio Rank: 42
AMRMX Calmar Ratio Rank: 37
AMRMX Martin Ratio Rank: 44

AMECX

AMECX Risk / Return Rank: 46
AMECX Sharpe Ratio Rank: 51
AMECX Sortino Ratio Rank: 49
AMECX Omega Ratio Rank: 47
AMECX Calmar Ratio Rank: 41
AMECX Martin Ratio Rank: 43

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.

AMRMX vs. AMECX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds American Mutual Fund Class A (AMRMX) and American Funds The Income Fund of America Class A (AMECX). 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.

	AMRMX	AMECX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.93	-0.13
Sortino ratio: Return per unit of downside risk	2.52	2.73	-0.20
Omega ratio: Gain probability vs. loss probability	1.32	1.35	-0.02
Calmar ratio: Return relative to maximum drawdown	2.20	2.33	-0.13
Martin ratio: Return relative to average drawdown	8.82	8.61	+0.21

AMRMX vs. AMECX - Sharpe Ratio Comparison

The current AMRMX Sharpe Ratio is 1.80, which is comparable to the AMECX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of AMRMX and AMECX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMRMX vs. AMECX - Drawdown Comparison

The maximum AMRMX drawdown since its inception was -48.75%, which is greater than AMECX's maximum drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for AMRMX and AMECX.

Drawdown Indicators

	AMRMX	AMECX	Difference
Max Drawdown Largest peak-to-trough decline	-48.75%	-41.92%	-6.83%
Max Drawdown (1Y) Largest decline over 1 year	-7.92%	-6.13%	-1.79%
Max Drawdown (3Y) Largest decline over 3 years	-12.96%	-8.58%	-4.38%
Max Drawdown (5Y) Largest decline over 5 years	-15.31%	-15.78%	+0.47%
Max Drawdown (10Y) Largest decline over 10 years	-29.81%	-26.13%	-3.68%
Current Drawdown Current decline from peak	-0.63%	-2.02%	+1.39%
Average Drawdown Average peak-to-trough decline	-4.96%	-4.45%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.66%	+0.31%

Volatility

AMRMX vs. AMECX - Volatility Comparison

American Funds American Mutual Fund Class A (AMRMX) has a higher volatility of 2.78% compared to American Funds The Income Fund of America Class A (AMECX) at 2.30%. This indicates that AMRMX's price experiences larger fluctuations and is considered to be riskier than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMRMX	AMECX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	2.30%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	7.48%	5.82%	+1.66%
Volatility (1Y) Calculated over the trailing 1-year period	9.68%	7.41%	+2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.52%	9.47%	+3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.14%	10.69%	+3.45%

AMRMX vs. AMECX - Expense Ratio Comparison

AMRMX has a 0.58% expense ratio, which is higher than AMECX's 0.56% expense ratio.

Dividends

AMRMX vs. AMECX - Dividend Comparison

AMRMX's dividend yield for the trailing twelve months is around 7.11%, less than AMECX's 9.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMECX American Funds The Income Fund of America Class A	9.55%	9.94%	6.38%	2.93%	6.98%	6.67%	2.80%	5.01%	7.48%	4.26%	3.09%	5.09%
AMRMX American Funds American Mutual Fund Class A	7.11%	7.55%	6.27%	3.75%	4.88%	4.65%	1.74%	4.60%	6.44%	5.96%	4.83%	6.54%

Frequently Asked Questions

Can I hold both AMRMX and AMECX in my portfolio?

AMRMX and AMECX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMRMX or AMECX?

AMRMX has higher volatility (2.78%) compared to AMECX (2.30%). In terms of maximum drawdown, AMRMX dropped -48.75% vs AMECX's -41.92%.

Which has better risk-adjusted returns?

AMECX currently has the higher Sharpe Ratio (1.93 vs 1.80), 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.