BAAPX vs. BALFX
Compare and contrast key facts about BlackRock 80/20 Target Allocation Fund Class A (BAAPX) and American Funds American Balanced Fund (BALFX).
BAAPX is an actively managed fund by BlackRock. It was launched on Dec 21, 2006. BALFX is managed by American Funds. It was launched on Mar 15, 2001.
Performance
BAAPX vs. BALFX - Performance Comparison
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BAAPX vs. BALFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAAPX BlackRock 80/20 Target Allocation Fund Class A | -4.98% | 17.96% | 5.20% | 18.82% | -16.39% | 14.52% | 19.10% | 24.24% | -7.93% | 17.03% |
BALFX American Funds American Balanced Fund | -2.88% | 18.40% | 14.91% | 13.62% | -12.19% | 15.69% | 10.81% | 18.50% | -3.54% | 14.63% |
Returns By Period
In the year-to-date period, BAAPX achieves a -4.98% return, which is significantly lower than BALFX's -2.88% return. Both investments have delivered pretty close results over the past 10 years, with BAAPX having a 8.67% annualized return and BALFX not far ahead at 8.93%.
BAAPX
- 1D
- -0.46%
- 1M
- -8.00%
- YTD
- -4.98%
- 6M
- -2.70%
- 1Y
- 14.25%
- 3Y*
- 10.13%
- 5Y*
- 5.22%
- 10Y*
- 8.67%
BALFX
- 1D
- -0.14%
- 1M
- -6.82%
- YTD
- -2.88%
- 6M
- 0.82%
- 1Y
- 15.28%
- 3Y*
- 13.46%
- 5Y*
- 8.01%
- 10Y*
- 8.93%
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BAAPX vs. BALFX - Expense Ratio Comparison
BAAPX has a 0.66% expense ratio, which is higher than BALFX's 0.62% expense ratio.
Return for Risk
BAAPX vs. BALFX — Risk / Return Rank
BAAPX
BALFX
BAAPX vs. BALFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock 80/20 Target Allocation Fund Class A (BAAPX) and American Funds American Balanced Fund (BALFX). 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.
| BAAPX | BALFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.42 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.50 | 2.08 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.99 | -0.76 |
Martin ratioReturn relative to average drawdown | 5.62 | 8.46 | -2.84 |
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
| BAAPX | BALFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.42 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.77 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.85 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.65 | -0.26 |
Correlation
The correlation between BAAPX and BALFX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BAAPX vs. BALFX - Dividend Comparison
BAAPX's dividend yield for the trailing twelve months is around 6.13%, less than BALFX's 8.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAAPX BlackRock 80/20 Target Allocation Fund Class A | 6.13% | 5.82% | 0.00% | 4.06% | 2.00% | 5.86% | 1.83% | 2.23% | 5.98% | 2.84% | 1.49% | 13.83% |
BALFX American Funds American Balanced Fund | 8.48% | 8.22% | 7.14% | 2.02% | 2.24% | 4.24% | 4.31% | 3.44% | 5.30% | 4.66% | 4.18% | 5.54% |
Drawdowns
BAAPX vs. BALFX - Drawdown Comparison
The maximum BAAPX drawdown since its inception was -53.61%, which is greater than BALFX's maximum drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for BAAPX and BALFX.
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Drawdown Indicators
| BAAPX | BALFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.61% | -40.20% | -13.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -7.34% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -23.52% | -18.81% | -4.71% |
Max Drawdown (10Y)Largest decline over 10 years | -27.15% | -22.34% | -4.81% |
Current DrawdownCurrent decline from peak | -8.68% | -7.03% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -4.18% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.73% | +0.52% |
Volatility
BAAPX vs. BALFX - Volatility Comparison
BlackRock 80/20 Target Allocation Fund Class A (BAAPX) has a higher volatility of 4.62% compared to American Funds American Balanced Fund (BALFX) at 3.28%. This indicates that BAAPX's price experiences larger fluctuations and is considered to be riskier than BALFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAAPX | BALFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 3.28% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.05% | 6.75% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.73% | 11.10% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 10.41% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 10.61% | +3.31% |