BFCAX vs. AIVSX
Compare and contrast key facts about American Funds Corporate Bond Fund (BFCAX) and American Funds Investment Company of America Class A (AIVSX).
BFCAX is managed by American Funds. It was launched on Dec 14, 2012. AIVSX is managed by American Funds. It was launched on Jan 1, 1934.
Performance
BFCAX vs. AIVSX - Performance Comparison
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BFCAX vs. AIVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BFCAX American Funds Corporate Bond Fund | -1.02% | 6.67% | 1.71% | 6.85% | -16.51% | -2.15% | 13.05% | 13.21% | -2.50% | 5.61% |
AIVSX American Funds Investment Company of America Class A | -7.68% | 20.47% | 24.90% | 28.56% | -15.50% | 25.10% | 14.47% | 24.10% | -8.21% | 18.65% |
Returns By Period
In the year-to-date period, BFCAX achieves a -1.02% return, which is significantly higher than AIVSX's -7.68% return.
BFCAX
- 1D
- 0.53%
- 1M
- -2.59%
- YTD
- -1.02%
- 6M
- -0.52%
- 1Y
- 3.25%
- 3Y*
- 3.38%
- 5Y*
- -0.25%
- 10Y*
- —
AIVSX
- 1D
- -0.31%
- 1M
- -8.80%
- YTD
- -7.68%
- 6M
- -5.63%
- 1Y
- 14.65%
- 3Y*
- 18.86%
- 5Y*
- 12.03%
- 10Y*
- 12.54%
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BFCAX vs. AIVSX - Expense Ratio Comparison
BFCAX has a 0.70% expense ratio, which is higher than AIVSX's 0.57% expense ratio.
Return for Risk
BFCAX vs. AIVSX — Risk / Return Rank
BFCAX
AIVSX
BFCAX vs. AIVSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Corporate Bond Fund (BFCAX) and American Funds Investment Company of America Class A (AIVSX). 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.
| BFCAX | AIVSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.87 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.14 | 1.35 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.18 | +0.23 |
Martin ratioReturn relative to average drawdown | 4.34 | 5.00 | -0.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BFCAX | AIVSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.87 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.76 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.67 | -0.28 |
Correlation
The correlation between BFCAX and AIVSX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BFCAX vs. AIVSX - Dividend Comparison
BFCAX's dividend yield for the trailing twelve months is around 3.88%, less than AIVSX's 11.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFCAX American Funds Corporate Bond Fund | 3.88% | 4.20% | 4.06% | 2.82% | 1.95% | 1.50% | 4.43% | 3.44% | 2.63% | 2.68% | 0.00% | 0.00% |
AIVSX American Funds Investment Company of America Class A | 11.51% | 10.60% | 9.29% | 4.96% | 6.12% | 6.94% | 1.65% | 6.15% | 9.61% | 7.08% | 5.48% | 8.95% |
Drawdowns
BFCAX vs. AIVSX - Drawdown Comparison
The maximum BFCAX drawdown since its inception was -23.01%, smaller than the maximum AIVSX drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for BFCAX and AIVSX.
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Drawdown Indicators
| BFCAX | AIVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.01% | -50.90% | +27.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -10.76% | +7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -24.31% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.09% | — |
Current DrawdownCurrent decline from peak | -6.25% | -10.08% | +3.83% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -5.93% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 2.54% | -1.52% |
Volatility
BFCAX vs. AIVSX - Volatility Comparison
The current volatility for American Funds Corporate Bond Fund (BFCAX) is 1.89%, while American Funds Investment Company of America Class A (AIVSX) has a volatility of 4.60%. This indicates that BFCAX experiences smaller price fluctuations and is considered to be less risky than AIVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFCAX | AIVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 4.60% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 9.45% | -6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 17.34% | -12.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 15.91% | -9.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 16.52% | -10.51% |