BALCX vs. AOM
Compare and contrast key facts about American Funds American Balanced Fund Class C (BALCX) and iShares Core Moderate Allocation ETF (AOM).
BALCX is managed by American Funds. It was launched on Jul 26, 1975. AOM is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Moderate. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BALCX or AOM.
Key characteristics
| BALCX | AOM | |
|---|---|---|
| YTD Return | 1.91% | -0.30% |
| 1Y Return | 11.66% | 6.54% |
| 3Y Return (Ann) | 3.03% | -0.06% |
| 5Y Return (Ann) | 6.66% | 3.89% |
| 10Y Return (Ann) | 6.85% | 4.10% |
| Sharpe Ratio | 1.45 | 0.96 |
| Daily Std Dev | 7.99% | 6.81% |
| Max Drawdown | -40.25% | -19.96% |
| Current Drawdown | -3.84% | -4.75% |
Correlation
The correlation between BALCX and AOM is 0.85, 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.
Performance
BALCX vs. AOM - Performance Comparison
In the year-to-date period, BALCX achieves a 1.91% return, which is significantly higher than AOM's -0.30% return. Over the past 10 years, BALCX has outperformed AOM with an annualized return of 6.85%, while AOM has yielded a comparatively lower 4.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BALCX vs. AOM - Expense Ratio Comparison
Risk-Adjusted Performance
BALCX vs. AOM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund Class C (BALCX) and iShares Core Moderate Allocation ETF (AOM). 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.
Dividends
BALCX vs. AOM - Dividend Comparison
BALCX's dividend yield for the trailing twelve months is around 1.65%, less than AOM's 2.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALCX American Funds American Balanced Fund Class C | 1.65% | 1.67% | 1.53% | 3.60% | 3.68% | 3.30% | 5.35% | 4.63% | 3.48% | 4.99% | 6.92% | 0.82% |
AOM iShares Core Moderate Allocation ETF | 2.88% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 1.98% | 1.98% | 2.08% | 1.87% |
Drawdowns
BALCX vs. AOM - Drawdown Comparison
The maximum BALCX drawdown since its inception was -40.25%, which is greater than AOM's maximum drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for BALCX and AOM. For additional features, visit the drawdowns tool.
Volatility
BALCX vs. AOM - Volatility Comparison
American Funds American Balanced Fund Class C (BALCX) has a higher volatility of 2.26% compared to iShares Core Moderate Allocation ETF (AOM) at 1.70%. This indicates that BALCX's price experiences larger fluctuations and is considered to be riskier than AOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.