AOBLX vs. AMBFX

Last updated Aug 4, 2026

AOBLX (Victory Pioneer Balanced Fund Class A) and AMBFX (American Funds American Balanced Fund® Class F-2) are both Diversified Portfolio funds. Over the past 10 years, AOBLX returned 9.92%/yr vs 10.13%/yr for AMBFX. Their 0.95 correlation means they have historically moved very closely together. AOBLX charges 0.93%/yr vs 0.35%/yr for AMBFX.

Performance

AOBLX vs. AMBFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Pioneer Balanced Fund Class A (AOBLX) and American Funds American Balanced Fund® Class F-2 (AMBFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AOBLX achieves a 13.00% return, which is significantly higher than AMBFX's 8.53% return. Both investments have delivered pretty close results over the past 10 years, with AOBLX having a 9.92% annualized return and AMBFX not far ahead at 10.13%.

AOBLX

• 1D: 0.99%
• 1M: -0.77%
• 6M: 9.38%
• YTD: 13.00%
• 1Y: 27.12%
• 3Y*: 15.71%
• 5Y*: 8.73%
• 10Y*: 9.92%
• ALL TIME*: 7.77%

AMBFX

• 1D: 0.17%
• 1M: -0.79%
• 6M: 5.46%
• YTD: 8.53%
• 1Y: 18.79%
• 3Y*: 15.79%
• 5Y*: 9.27%
• 10Y*: 10.13%
• ALL TIME*: 9.33%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMBFX American Funds American Balanced Fund® Class F-2	$0.00	$0.00	$0.00
AOBLX Victory Pioneer Balanced Fund Class A	$0.00	$0.00	$0.00

AOBLX vs. AMBFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AOBLX Victory Pioneer Balanced Fund Class A	13.00%	19.59%	9.46%	15.00%	-14.64%	15.10%	13.15%	21.75%	-4.63%	14.99%
AMBFX American Funds American Balanced Fund® Class F-2	8.53%	18.67%	15.25%	13.81%	-11.93%	16.00%	11.06%	19.45%	-2.69%	14.85%

Correlation

The correlation between AOBLX and AMBFX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Aug 1, 2008	0.95

The correlation between AOBLX and AMBFX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

AOBLX vs. AMBFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AOBLX

AOBLX Risk / Return Rank: 94
AOBLX Sharpe Ratio Rank: 95
AOBLX Sortino Ratio Rank: 94
AOBLX Omega Ratio Rank: 89
AOBLX Calmar Ratio Rank: 94
AOBLX Martin Ratio Rank: 96

AMBFX

AMBFX Risk / Return Rank: 79
AMBFX Sharpe Ratio Rank: 79
AMBFX Sortino Ratio Rank: 77
AMBFX Omega Ratio Rank: 76
AMBFX Calmar Ratio Rank: 77
AMBFX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AOBLX vs. AMBFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Pioneer Balanced Fund Class A (AOBLX) and American Funds American Balanced Fund® Class F-2 (AMBFX). 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.

	AOBLX	AMBFX	Difference
Sharpe ratio: Return per unit of total volatility	2.62	1.92	+0.70
Sortino ratio: Return per unit of downside risk	3.74	2.69	+1.04
Omega ratio: Gain probability vs. loss probability	1.47	1.35	+0.12
Calmar ratio: Return relative to maximum drawdown	4.14	2.58	+1.56
Martin ratio: Return relative to average drawdown	17.73	11.00	+6.73

AOBLX vs. AMBFX - Sharpe Ratio Comparison

The current AOBLX Sharpe Ratio is 2.62, which is higher than the AMBFX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of AOBLX and AMBFX, 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

AOBLX vs. AMBFX - Drawdown Comparison

The maximum AOBLX drawdown since its inception was -36.70%, roughly equal to the maximum AMBFX drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for AOBLX and AMBFX.

Drawdown Indicators

	AOBLX	AMBFX	Difference
Max Drawdown Largest peak-to-trough decline	-36.70%	-35.05%	-1.65%
Max Drawdown (1Y) Largest decline over 1 year	-6.42%	-7.00%	+0.58%
Max Drawdown (3Y) Largest decline over 3 years	-13.52%	-10.64%	-2.88%
Max Drawdown (5Y) Largest decline over 5 years	-20.48%	-18.65%	-1.83%
Max Drawdown (10Y) Largest decline over 10 years	-24.31%	-22.31%	-2.00%
Current Drawdown Current decline from peak	-1.45%	-1.51%	+0.06%
Average Drawdown Average peak-to-trough decline	-3.80%	-3.56%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.50%	1.64%	-0.14%

Volatility

AOBLX vs. AMBFX - Volatility Comparison

Victory Pioneer Balanced Fund Class A (AOBLX) has a higher volatility of 2.59% compared to American Funds American Balanced Fund® Class F-2 (AMBFX) at 2.24%. This indicates that AOBLX's price experiences larger fluctuations and is considered to be riskier than AMBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AOBLX	AMBFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	2.24%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	8.01%	7.38%	+0.63%
Volatility (1Y) Calculated over the trailing 1-year period	10.17%	9.41%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.17%	10.60%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.34%	10.70%	+0.64%

AOBLX vs. AMBFX - Expense Ratio Comparison

AOBLX has a 0.93% expense ratio, which is higher than AMBFX's 0.35% expense ratio.

Dividends

AOBLX vs. AMBFX - Dividend Comparison

AOBLX's dividend yield for the trailing twelve months is around 3.20%, less than AMBFX's 7.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMBFX American Funds American Balanced Fund® Class F-2	7.38%	8.47%	7.40%	2.20%	2.52%	4.50%	4.56%	4.19%	6.20%	4.85%	4.46%	5.81%
AOBLX Victory Pioneer Balanced Fund Class A	3.20%	3.48%	2.28%	1.52%	2.97%	8.33%	4.31%	5.78%	9.70%	9.22%	2.51%	3.97%

Frequently Asked Questions

Can I hold both AOBLX and AMBFX in my portfolio?

With a correlation of 0.91, AOBLX and AMBFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AOBLX or AMBFX?

AOBLX has higher volatility (2.59%) compared to AMBFX (2.24%). In terms of maximum drawdown, AOBLX dropped -36.70% vs AMBFX's -35.05%.

Which has better risk-adjusted returns?

AOBLX currently has the higher Sharpe Ratio (2.62 vs 1.92), 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.