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:
0.98
SPY:
1.88
BALCX:
1.30
SPY:
2.53
BALCX:
1.19
SPY:
1.35
BALCX:
1.32
SPY:
2.83
BALCX:
3.89
SPY:
11.74
BALCX:
2.49%
SPY:
2.02%
BALCX:
9.88%
SPY:
12.64%
BALCX:
-40.25%
SPY:
-55.19%
BALCX:
-4.16%
SPY:
-0.42%
Returns By Period
In the year-to-date period, BALCX achieves a 2.79% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, BALCX has underperformed SPY with an annualized return of 4.48%, while SPY has yielded a comparatively higher 13.18% annualized return.
BALCX
2.79%
-0.23%
-0.37%
8.39%
4.93%
4.48%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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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 Rank
BALCX
SPY
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 1.32%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALCX American Funds American Balanced Fund Class C | 1.32% | 1.35% | 1.67% | 0.91% | 0.48% | 0.63% | 1.20% | 1.25% | 1.02% | 1.02% | 1.46% | 6.92% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 2.57%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.88%. 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.