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.
Key characteristics
BALCX | SPY | |
---|---|---|
YTD Return | 3.27% | 6.66% |
1Y Return | 13.73% | 26.26% |
3Y Return (Ann) | 3.23% | 8.24% |
5Y Return (Ann) | 6.81% | 13.33% |
10Y Return (Ann) | 7.04% | 12.52% |
Sharpe Ratio | 1.62 | 2.06 |
Daily Std Dev | 8.06% | 11.78% |
Max Drawdown | -40.25% | -55.19% |
Current Drawdown | -2.56% | -3.39% |
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
In the year-to-date period, BALCX achieves a 3.27% return, which is significantly lower than SPY's 6.66% return. Over the past 10 years, BALCX has underperformed SPY with an annualized return of 7.04%, while SPY has yielded a comparatively higher 12.52% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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 1.63%, more than SPY's 1.33% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
American Funds American Balanced Fund Class C | 1.63% | 1.67% | 1.53% | 3.60% | 3.68% | 3.30% | 5.35% | 4.63% | 3.48% | 4.99% | 6.92% | 0.82% |
SPDR S&P 500 ETF | 1.33% | 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
The current volatility for American Funds American Balanced Fund Class C (BALCX) is 2.50%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.54%. This indicates that BALCX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.