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ASBAX vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ASBAX and FXAIX is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

ASBAX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Short-Term Bond Fund of America (ASBAX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%500.00%December2025FebruaryMarchAprilMay
16.01%
437.15%
ASBAX
FXAIX

Key characteristics

Sharpe Ratio

ASBAX:

2.55

FXAIX:

0.55

Sortino Ratio

ASBAX:

4.46

FXAIX:

0.90

Omega Ratio

ASBAX:

1.63

FXAIX:

1.13

Calmar Ratio

ASBAX:

3.48

FXAIX:

0.57

Martin Ratio

ASBAX:

15.73

FXAIX:

2.24

Ulcer Index

ASBAX:

0.34%

FXAIX:

4.82%

Daily Std Dev

ASBAX:

2.10%

FXAIX:

19.47%

Max Drawdown

ASBAX:

-6.83%

FXAIX:

-33.79%

Current Drawdown

ASBAX:

-0.52%

FXAIX:

-7.61%

Returns By Period

In the year-to-date period, ASBAX achieves a 1.53% return, which is significantly higher than FXAIX's -3.33% return. Over the past 10 years, ASBAX has underperformed FXAIX with an annualized return of 1.29%, while FXAIX has yielded a comparatively higher 12.22% annualized return.


ASBAX

YTD

1.53%

1M

-0.21%

6M

2.11%

1Y

5.33%

5Y*

0.97%

10Y*

1.29%

FXAIX

YTD

-3.33%

1M

13.75%

6M

-4.58%

1Y

10.62%

5Y*

15.88%

10Y*

12.22%

*Annualized

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ASBAX vs. FXAIX - Expense Ratio Comparison

ASBAX has a 0.66% expense ratio, which is higher than FXAIX's 0.02% expense ratio.


Risk-Adjusted Performance

ASBAX vs. FXAIX — Risk-Adjusted Performance Rank

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

ASBAX
The Risk-Adjusted Performance Rank of ASBAX is 9696
Overall Rank
The Sharpe Ratio Rank of ASBAX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of ASBAX is 9797
Sortino Ratio Rank
The Omega Ratio Rank of ASBAX is 9696
Omega Ratio Rank
The Calmar Ratio Rank of ASBAX is 9696
Calmar Ratio Rank
The Martin Ratio Rank of ASBAX is 9797
Martin Ratio Rank

FXAIX
The Risk-Adjusted Performance Rank of FXAIX is 6161
Overall Rank
The Sharpe Ratio Rank of FXAIX is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of FXAIX is 5959
Sortino Ratio Rank
The Omega Ratio Rank of FXAIX is 6161
Omega Ratio Rank
The Calmar Ratio Rank of FXAIX is 6868
Calmar Ratio Rank
The Martin Ratio Rank of FXAIX is 6161
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ASBAX vs. FXAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Short-Term Bond Fund of America (ASBAX) and Fidelity 500 Index Fund (FXAIX). 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.


The current ASBAX Sharpe Ratio is 2.55, which is higher than the FXAIX Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of ASBAX and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
2.55
0.55
ASBAX
FXAIX

Dividends

ASBAX vs. FXAIX - Dividend Comparison

ASBAX's dividend yield for the trailing twelve months is around 3.70%, more than FXAIX's 1.31% yield.


TTM20242023202220212020201920182017201620152014
ASBAX
American Funds Short-Term Bond Fund of America
3.70%4.00%3.20%1.37%0.42%1.11%1.76%1.70%1.13%0.89%0.86%0.39%
FXAIX
Fidelity 500 Index Fund
1.31%1.25%1.45%1.69%1.22%1.60%2.06%2.72%1.97%2.52%2.83%2.63%

Drawdowns

ASBAX vs. FXAIX - Drawdown Comparison

The maximum ASBAX drawdown since its inception was -6.83%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for ASBAX and FXAIX. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-0.52%
-7.61%
ASBAX
FXAIX

Volatility

ASBAX vs. FXAIX - Volatility Comparison

The current volatility for American Funds Short-Term Bond Fund of America (ASBAX) is 0.69%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 11.20%. This indicates that ASBAX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
0.69%
11.20%
ASBAX
FXAIX