Correlation
The correlation between BALCX and SPY is 0.96, 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.
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.
Performance
BALCX vs. SPY - Performance Comparison
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Key characteristics
BALCX:
1.01
SPY:
0.68
BALCX:
1.51
SPY:
1.11
BALCX:
1.21
SPY:
1.16
BALCX:
1.16
SPY:
0.75
BALCX:
4.63
SPY:
2.86
BALCX:
2.70%
SPY:
4.93%
BALCX:
12.01%
SPY:
20.44%
BALCX:
-40.82%
SPY:
-55.19%
BALCX:
-0.57%
SPY:
-3.01%
Returns By Period
In the year-to-date period, BALCX achieves a 3.49% return, which is significantly higher than SPY's 1.44% return. Over the past 10 years, BALCX has underperformed SPY with an annualized return of 7.60%, while SPY has yielded a comparatively higher 12.88% annualized return.
BALCX
3.49%
3.08%
1.78%
12.01%
8.42%
8.26%
7.60%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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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.
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Dividends
BALCX vs. SPY - Dividend Comparison
BALCX's dividend yield for the trailing twelve months is around 6.27%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALCX American Funds American Balanced Fund Class C | 6.27% | 6.49% | 1.67% | 1.53% | 3.60% | 3.67% | 3.30% | 5.36% | 4.66% | 3.50% | 4.81% | 6.59% |
SPY SPDR S&P 500 ETF | 1.21% | 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 -40.82%, 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.
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Volatility
BALCX vs. SPY - Volatility Comparison
The current volatility for American Funds American Balanced Fund Class C (BALCX) is 2.70%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. 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.
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