ANBAX vs. ABALX

Last updated Apr 1, 2026

Compare and contrast key facts about American Funds Strategic Bond Fund (ANBAX) and American Funds American Balanced Fund Class A (ABALX).

ANBAX is managed by American Funds. It was launched on Mar 18, 2016. ABALX is managed by American Funds. It was launched on Jul 26, 1975.

Performance

ANBAX vs. ABALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Strategic Bond Fund (ANBAX) and American Funds American Balanced Fund Class A (ABALX). The values are adjusted to include any dividend payments, if applicable.

ANBAX vs. ABALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANBAX American Funds Strategic Bond Fund	-1.03%	7.18%	-0.61%	1.52%	-12.74%	-1.13%	18.10%	7.83%	0.28%	2.97%
ABALX American Funds American Balanced Fund Class A	-2.86%	18.45%	14.63%	13.65%	-12.13%	15.75%	10.85%	18.60%	-3.35%	14.18%

Returns By Period

In the year-to-date period, ANBAX achieves a -1.03% return, which is significantly higher than ABALX's -2.86% return.

ANBAX

• 1D: 0.77%
• 1M: -2.79%
• YTD: -1.03%
• 6M: -0.18%
• 1Y: 2.31%
• 3Y*: 1.16%
• 5Y*: -0.79%
• 10Y*: —

ABALX

• 1D: -0.14%
• 1M: -6.82%
• YTD: -2.86%
• 6M: 0.85%
• 1Y: 15.33%
• 3Y*: 13.40%
• 5Y*: 8.00%
• 10Y*: 8.98%

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

ANBAX vs. ABALX - Expense Ratio Comparison

ANBAX has a 0.71% expense ratio, which is higher than ABALX's 0.56% expense ratio.

ANBAX

American Funds Strategic Bond Fund

ABALX

American Funds American Balanced Fund Class A

Return for Risk

ANBAX vs. ABALX — Risk / Return Rank

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

ANBAX

ANBAX Risk / Return Rank: 22
ANBAX Sharpe Ratio Rank: 21
ANBAX Sortino Ratio Rank: 17
ANBAX Omega Ratio Rank: 18
ANBAX Calmar Ratio Rank: 29
ANBAX Martin Ratio Rank: 27

ABALX

ABALX Risk / Return Rank: 81
ABALX Sharpe Ratio Rank: 79
ABALX Sortino Ratio Rank: 82
ABALX Omega Ratio Rank: 78
ABALX Calmar Ratio Rank: 83
ABALX Martin Ratio Rank: 84

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.

ANBAX vs. ABALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Strategic Bond Fund (ANBAX) and American Funds American Balanced Fund Class A (ABALX). 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.

	ANBAX	ABALX	Difference
Sharpe ratio Return per unit of total volatility	0.52	1.43	-0.90
Sortino ratio Return per unit of downside risk	0.75	2.09	-1.34
Omega ratio Gain probability vs. loss probability	1.10	1.29	-0.19
Calmar ratio Return relative to maximum drawdown	0.81	2.00	-1.19
Martin ratio Return relative to average drawdown	2.89	8.51	-5.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANBAX vs. ABALX - Sharpe Ratio Comparison

The current ANBAX Sharpe Ratio is 0.52, which is lower than the ABALX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of ANBAX and ABALX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ANBAX	ABALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	1.43	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	0.77	-0.90
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.79	-0.39

Correlation

The correlation between ANBAX and ABALX is 0.05, 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

ANBAX vs. ABALX - Dividend Comparison

ANBAX's dividend yield for the trailing twelve months is around 3.01%, less than ABALX's 8.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANBAX American Funds Strategic Bond Fund	3.01%	2.78%	3.07%	2.91%	5.31%	1.74%	3.87%	3.09%	3.51%	1.76%	0.00%	0.00%
ABALX American Funds American Balanced Fund Class A	8.54%	8.27%	6.87%	2.05%	2.30%	4.30%	4.35%	3.49%	5.49%	4.72%	4.24%	5.60%

Drawdowns

ANBAX vs. ABALX - Drawdown Comparison

The maximum ANBAX drawdown since its inception was -19.33%, smaller than the maximum ABALX drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for ANBAX and ABALX.

Drawdown Indicators

	ANBAX	ABALX	Difference
Max Drawdown Largest peak-to-trough decline	-19.33%	-40.20%	+20.87%
Max Drawdown (1Y) Largest decline over 1 year	-3.54%	-7.33%	+3.79%
Max Drawdown (5Y) Largest decline over 5 years	-19.33%	-18.76%	-0.57%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.34%	—
Current Drawdown Current decline from peak	-7.91%	-7.03%	-0.88%
Average Drawdown Average peak-to-trough decline	-5.65%	-3.86%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	1.73%	-0.74%

Volatility

ANBAX vs. ABALX - Volatility Comparison

The current volatility for American Funds Strategic Bond Fund (ANBAX) is 1.95%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 3.26%. This indicates that ANBAX experiences smaller price fluctuations and is considered to be less risky than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANBAX	ABALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	3.26%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	2.64%	6.74%	-4.10%
Volatility (1Y) Calculated over the trailing 1-year period	4.69%	11.11%	-6.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.28%	10.42%	-4.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.43%	10.61%	-5.18%