BFCAX vs. ABNDX
BFCAX (American Funds Corporate Bond Fund) and ABNDX (American Funds The Bond Fund of America) are both mutual funds - BFCAX is a Corporate Bonds fund managed by American Funds, while ABNDX is a Intermediate Core Bond fund managed by American Funds. Over the past 5 years, BFCAX returned -0.59%/yr vs -0.37%/yr for ABNDX. Their correlation of 0.94 suggests significant overlap in exposure. BFCAX charges 0.70%/yr vs 0.55%/yr for ABNDX.
Performance
BFCAX vs. ABNDX - Performance Comparison
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Returns By Period
In the year-to-date period, BFCAX achieves a 0.35% return, which is significantly higher than ABNDX's 0.01% return.
BFCAX
- 1D
- 0.21%
- 1M
- 0.89%
- YTD
- 0.35%
- 6M
- 0.71%
- 1Y
- 4.47%
- 3Y*
- 4.31%
- 5Y*
- -0.59%
- 10Y*
- —
ABNDX
- 1D
- 0.18%
- 1M
- 0.89%
- YTD
- 0.01%
- 6M
- 0.44%
- 1Y
- 4.28%
- 3Y*
- 3.70%
- 5Y*
- -0.37%
- 10Y*
- 1.65%
BFCAX vs. ABNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BFCAX American Funds Corporate Bond Fund | 0.35% | 6.67% | 1.71% | 6.85% | -16.51% | -2.15% | 13.05% | 13.21% | -2.50% | 5.61% |
ABNDX American Funds The Bond Fund of America | 0.01% | 7.16% | 1.17% | 4.34% | -13.24% | -1.33% | 10.72% | 7.83% | -0.12% | 3.21% |
Correlation
The correlation between BFCAX and ABNDX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.94 |
The correlation between BFCAX and ABNDX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
BFCAX vs. ABNDX — Risk / Return Rank
BFCAX
ABNDX
BFCAX vs. ABNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Corporate Bond Fund (BFCAX) and American Funds The Bond Fund of America (ABNDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BFCAX | ABNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.40 | +0.04 |
| Martin ratioReturn relative to average drawdown | 4.08 | 3.94 | +0.14 |
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Drawdowns
BFCAX vs. ABNDX - Drawdown Comparison
The maximum BFCAX drawdown since its inception was -23.01%, which is greater than ABNDX's maximum drawdown of -18.18%. Use the drawdown chart below to compare losses from any high point for BFCAX and ABNDX.
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Drawdown Indicators
| BFCAX | ABNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.01% | -18.18% | -4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -3.13% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -6.92% | -6.19% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -18.15% | -4.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.18% | — |
Current DrawdownCurrent decline from peak | -4.95% | -3.15% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -6.45% | -3.22% | -3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.11% | -0.01% |
Volatility
BFCAX vs. ABNDX - Volatility Comparison
American Funds Corporate Bond Fund (BFCAX) and American Funds The Bond Fund of America (ABNDX) have volatilities of 1.27% and 1.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFCAX | ABNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.22% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 2.88% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 3.87% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 5.96% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 4.88% | +1.10% |
BFCAX vs. ABNDX - Expense Ratio Comparison
BFCAX has a 0.70% expense ratio, which is higher than ABNDX's 0.55% expense ratio.
Dividends
BFCAX vs. ABNDX - Dividend Comparison
BFCAX's dividend yield for the trailing twelve months is around 4.20%, more than ABNDX's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABNDX American Funds The Bond Fund of America | 4.14% | 4.13% | 4.30% | 3.24% | 2.17% | 1.62% | 5.03% | 3.49% | 2.38% | 1.84% | 1.77% | 2.00% |
BFCAX American Funds Corporate Bond Fund | 4.20% | 4.20% | 4.06% | 2.82% | 1.95% | 1.50% | 4.43% | 3.44% | 2.63% | 2.68% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, BFCAX and ABNDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BFCAX has higher volatility (1.27%) compared to ABNDX (1.22%). In terms of maximum drawdown, BFCAX dropped -23.01% vs ABNDX's -18.18%.
ABNDX currently has the higher Sharpe Ratio (1.13 vs 1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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