BALCX vs. SPY
Compare and contrast key facts about American Funds American Balanced Fund Class C (BALCX) and SPDR S&P 500 ETF (SPY).
BALCX is managed by American Funds. It was launched on Jul 26, 1975. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BALCX or SPY.
Correlation
The correlation between BALCX and SPY is 0.95, 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. SPY - Performance Comparison
Key characteristics
BALCX:
0.91
SPY:
2.21
BALCX:
1.18
SPY:
2.93
BALCX:
1.18
SPY:
1.41
BALCX:
1.12
SPY:
3.26
BALCX:
5.69
SPY:
14.43
BALCX:
1.60%
SPY:
1.90%
BALCX:
10.03%
SPY:
12.41%
BALCX:
-40.25%
SPY:
-55.19%
BALCX:
-7.49%
SPY:
-2.74%
Returns By Period
In the year-to-date period, BALCX achieves a 7.82% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, BALCX has underperformed SPY with an annualized return of 7.30%, while SPY has yielded a comparatively higher 12.97% annualized return.
BALCX
7.82%
-5.28%
-0.78%
8.40%
6.16%
7.30%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BALCX vs. SPY - Expense Ratio Comparison
BALCX has a 1.31% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BALCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund Class C (BALCX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
BALCX's dividend yield for the trailing twelve months is around 0.41%, less than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALCX American Funds American Balanced Fund Class C | 0.41% | 1.67% | 0.91% | 0.48% | 0.63% | 1.20% | 1.25% | 1.02% | 1.02% | 1.46% | 6.92% | 0.82% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BALCX vs. SPY - Drawdown Comparison
The maximum BALCX drawdown since its inception was -40.25%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BALCX and SPY. For additional features, visit the drawdowns tool.
Volatility
BALCX vs. SPY - Volatility Comparison
American Funds American Balanced Fund Class C (BALCX) has a higher volatility of 6.01% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that BALCX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.