BALCX vs. AOM
BALCX (American Funds American Balanced Fund Class C) and AOM (iShares Core Moderate Allocation ETF) are both Diversified Portfolio funds. Over the past 10 years, BALCX returned 9.35%/yr vs 6.22%/yr for AOM. Their correlation of 0.86 suggests significant overlap in exposure. BALCX charges 1.31%/yr vs 0.25%/yr for AOM.
Performance
BALCX vs. AOM - Performance Comparison
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Returns By Period
In the year-to-date period, BALCX achieves a 9.64% return, which is significantly higher than AOM's 5.00% return. Over the past 10 years, BALCX has outperformed AOM with an annualized return of 9.35%, while AOM has yielded a comparatively lower 6.22% annualized return.
BALCX
- 1D
- 0.25%
- 1M
- 3.91%
- YTD
- 9.64%
- 6M
- 10.20%
- 1Y
- 24.04%
- 3Y*
- 16.71%
- 5Y*
- 8.93%
- 10Y*
- 9.35%
AOM
- 1D
- -0.46%
- 1M
- 2.13%
- YTD
- 5.00%
- 6M
- 5.31%
- 1Y
- 14.51%
- 3Y*
- 10.87%
- 5Y*
- 4.80%
- 10Y*
- 6.22%
BALCX vs. AOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BALCX American Funds American Balanced Fund Class C | 9.64% | 17.58% | 14.00% | 12.97% | -12.77% | 14.87% | 10.06% | 17.66% | -4.09% | 14.02% |
AOM iShares Core Moderate Allocation ETF | 5.00% | 13.28% | 7.95% | 12.38% | -14.54% | 6.93% | 10.02% | 15.58% | -3.88% | 11.63% |
Correlation
The correlation between BALCX and AOM is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2008 | 0.86 |
The correlation between BALCX and AOM has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
BALCX vs. AOM — Risk / Return Rank
BALCX
AOM
BALCX vs. AOM - Risk-Adjusted Trends 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.
| BALCX | AOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.42 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 2.85 | +0.63 |
| Martin ratioReturn relative to average drawdown | 15.67 | 12.45 | +3.22 |
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
| BALCX | AOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.84 | 2.23 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.59 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.79 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.69 | -0.08 |
Drawdowns
BALCX vs. AOM - Drawdown Comparison
The maximum BALCX drawdown since its inception was -40.88%, 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.
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Drawdown Indicators
| BALCX | AOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.88% | -19.96% | -20.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -5.11% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -10.77% | -6.85% | -3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.22% | -19.96% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -22.38% | -19.96% | -2.42% |
Current DrawdownCurrent decline from peak | 0.00% | -0.46% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -2.70% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.17% | +0.40% |
Volatility
BALCX vs. AOM - Volatility Comparison
American Funds American Balanced Fund Class C (BALCX) has a higher volatility of 2.66% compared to iShares Core Moderate Allocation ETF (AOM) at 2.17%. 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.
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Volatility by Period
| BALCX | AOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.17% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 5.22% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.71% | 6.55% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.48% | 8.14% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 7.93% | +2.74% |
BALCX vs. AOM - Expense Ratio Comparison
BALCX has a 1.31% expense ratio, which is higher than AOM's 0.25% expense ratio.
Dividends
BALCX vs. AOM - Dividend Comparison
BALCX's dividend yield for the trailing twelve months is around 6.93%, more than AOM's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 2.98% | 2.98% | 3.10% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% |
BALCX American Funds American Balanced Fund Class C | 6.93% | 7.61% | 6.37% | 1.54% | 1.53% | 3.60% | 3.68% | 2.79% | 4.67% | 4.17% | 3.51% | 4.81% |
Frequently Asked Questions
BALCX and AOM have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BALCX has higher volatility (2.66%) compared to AOM (2.17%). In terms of maximum drawdown, BALCX dropped -40.88% vs AOM's -19.96%.
BALCX currently has the higher Sharpe Ratio (2.84 vs 2.23), 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.
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