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BALCX vs. QUAL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

BALCX vs. QUAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds American Balanced Fund Class C (BALCX) and iShares Edge MSCI USA Quality Factor ETF (QUAL). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
8.11%
10.69%
BALCX
QUAL

Returns By Period

In the year-to-date period, BALCX achieves a 14.21% return, which is significantly lower than QUAL's 24.66% return. Over the past 10 years, BALCX has underperformed QUAL with an annualized return of 7.38%, while QUAL has yielded a comparatively higher 13.13% annualized return.


BALCX

YTD

14.21%

1M

-0.19%

6M

8.11%

1Y

19.92%

5Y (annualized)

7.90%

10Y (annualized)

7.38%

QUAL

YTD

24.66%

1M

0.39%

6M

10.69%

1Y

30.41%

5Y (annualized)

15.02%

10Y (annualized)

13.13%

Key characteristics


BALCXQUAL
Sharpe Ratio2.412.45
Sortino Ratio3.413.36
Omega Ratio1.451.45
Calmar Ratio3.244.03
Martin Ratio15.9015.26
Ulcer Index1.27%2.02%
Daily Std Dev8.36%12.59%
Max Drawdown-40.25%-34.06%
Current Drawdown-1.47%-1.27%

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BALCX vs. QUAL - Expense Ratio Comparison

BALCX has a 1.31% expense ratio, which is higher than QUAL's 0.15% expense ratio.


BALCX
American Funds American Balanced Fund Class C
Expense ratio chart for BALCX: current value at 1.31% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.31%
Expense ratio chart for QUAL: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Correlation

-0.50.00.51.00.9

The correlation between BALCX and QUAL 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.

Risk-Adjusted Performance

BALCX vs. QUAL - 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 Edge MSCI USA Quality Factor ETF (QUAL). 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.


Sharpe ratio
The chart of Sharpe ratio for BALCX, currently valued at 2.41, compared to the broader market-1.000.001.002.003.004.005.002.412.45
The chart of Sortino ratio for BALCX, currently valued at 3.41, compared to the broader market0.005.0010.003.413.36
The chart of Omega ratio for BALCX, currently valued at 1.45, compared to the broader market1.002.003.004.001.451.45
The chart of Calmar ratio for BALCX, currently valued at 3.24, compared to the broader market0.005.0010.0015.0020.003.244.03
The chart of Martin ratio for BALCX, currently valued at 15.90, compared to the broader market0.0020.0040.0060.0080.00100.0015.9015.26
BALCX
QUAL

The current BALCX Sharpe Ratio is 2.41, which is comparable to the QUAL Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of BALCX and QUAL, 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 Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.41
2.45
BALCX
QUAL

Dividends

BALCX vs. QUAL - Dividend Comparison

BALCX's dividend yield for the trailing twelve months is around 1.49%, more than QUAL's 0.99% yield.


TTM20232022202120202019201820172016201520142013
BALCX
American Funds American Balanced Fund Class C
1.49%1.67%0.91%0.48%0.63%1.20%1.25%1.02%1.02%1.46%6.92%0.82%
QUAL
iShares Edge MSCI USA Quality Factor ETF
0.99%1.23%1.59%1.20%1.39%1.60%2.00%1.76%1.96%1.63%1.35%0.63%

Drawdowns

BALCX vs. QUAL - Drawdown Comparison

The maximum BALCX drawdown since its inception was -40.25%, which is greater than QUAL's maximum drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for BALCX and QUAL. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.47%
-1.27%
BALCX
QUAL

Volatility

BALCX vs. QUAL - Volatility Comparison

The current volatility for American Funds American Balanced Fund Class C (BALCX) is 2.41%, while iShares Edge MSCI USA Quality Factor ETF (QUAL) has a volatility of 3.74%. This indicates that BALCX experiences smaller price fluctuations and is considered to be less risky than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.41%
3.74%
BALCX
QUAL