AMUSX vs. AMECX
Compare and contrast key facts about American Funds U.S. Government Securities Fund (AMUSX) and American Funds The Income Fund of America Class A (AMECX).
AMUSX is managed by American Funds. It was launched on Oct 16, 1985. AMECX is managed by American Funds. It was launched on Dec 1, 1973.
Performance
AMUSX vs. AMECX - Performance Comparison
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AMUSX vs. AMECX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMUSX American Funds U.S. Government Securities Fund | -0.80% | 7.55% | 0.63% | 2.79% | -11.50% | -0.84% | 9.44% | 5.03% | 0.64% | 1.54% |
AMECX American Funds The Income Fund of America Class A | 1.48% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 12.58% |
Returns By Period
In the year-to-date period, AMUSX achieves a -0.80% return, which is significantly lower than AMECX's 1.48% return. Over the past 10 years, AMUSX has underperformed AMECX with an annualized return of 1.11%, while AMECX has yielded a comparatively higher 8.21% annualized return.
AMUSX
- 1D
- 0.59%
- 1M
- -2.29%
- YTD
- -0.80%
- 6M
- 0.26%
- 1Y
- 3.32%
- 3Y*
- 2.41%
- 5Y*
- -0.07%
- 10Y*
- 1.11%
AMECX
- 1D
- 0.23%
- 1M
- -5.74%
- YTD
- 1.48%
- 6M
- 4.22%
- 1Y
- 14.19%
- 3Y*
- 11.95%
- 5Y*
- 7.95%
- 10Y*
- 8.21%
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AMUSX vs. AMECX - Expense Ratio Comparison
AMUSX has a 0.61% expense ratio, which is higher than AMECX's 0.56% expense ratio.
Return for Risk
AMUSX vs. AMECX — Risk / Return Rank
AMUSX
AMECX
AMUSX vs. AMECX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds U.S. Government Securities Fund (AMUSX) 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.
| AMUSX | AMECX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.55 | -0.72 |
Sortino ratioReturn per unit of downside risk | 1.25 | 2.13 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.32 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.71 | -0.18 |
Martin ratioReturn relative to average drawdown | 4.40 | 8.01 | -3.61 |
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
| AMUSX | AMECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.55 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.85 | -0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.77 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.72 | +0.12 |
Correlation
The correlation between AMUSX and AMECX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AMUSX vs. AMECX - Dividend Comparison
AMUSX's dividend yield for the trailing twelve months is around 3.63%, less than AMECX's 9.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMUSX American Funds U.S. Government Securities Fund | 3.63% | 3.97% | 4.19% | 3.44% | 2.01% | 1.05% | 4.92% | 2.79% | 1.72% | 1.32% | 2.30% | 2.84% |
AMECX American Funds The Income Fund of America Class A | 9.86% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
Drawdowns
AMUSX vs. AMECX - Drawdown Comparison
The maximum AMUSX drawdown since its inception was -17.48%, smaller than the maximum AMECX drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for AMUSX and AMECX.
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Drawdown Indicators
| AMUSX | AMECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -41.92% | +24.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -8.19% | +5.25% |
Max Drawdown (5Y)Largest decline over 5 years | -16.84% | -15.78% | -1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -17.48% | -26.13% | +8.65% |
Current DrawdownCurrent decline from peak | -3.68% | -5.74% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -4.46% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.74% | -0.72% |
Volatility
AMUSX vs. AMECX - Volatility Comparison
The current volatility for American Funds U.S. Government Securities Fund (AMUSX) is 1.60%, while American Funds The Income Fund of America Class A (AMECX) has a volatility of 2.94%. This indicates that AMUSX experiences smaller price fluctuations and is considered to be less risky than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMUSX | AMECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 2.94% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 5.49% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 9.48% | -4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 9.44% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 10.66% | -5.83% |