BMCAX vs. AMECX

Last updated Jul 11, 2026

BMCAX (BlackRock Advantage Large Cap Growth Fund) and AMECX (American Funds The Income Fund of America Class A) are both mutual funds - BMCAX is a Large Cap Growth Equities fund managed by BlackRock, while AMECX is a Diversified Portfolio fund actively managed by American Funds. Over the past 10 years, BMCAX returned 17.57%/yr vs 8.25%/yr for AMECX. A 0.78 correlation means they provide meaningful diversification when combined. BMCAX charges 0.87%/yr vs 0.56%/yr for AMECX.

Performance

BMCAX vs. AMECX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage Large Cap Growth Fund (BMCAX) and American Funds The Income Fund of America Class A (AMECX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMCAX achieves a 10.60% return, which is significantly higher than AMECX's 6.80% return. Over the past 10 years, BMCAX has outperformed AMECX with an annualized return of 17.57%, while AMECX has yielded a comparatively lower 8.25% annualized return.

BMCAX

• 1D: 1.63%
• 1M: 1.31%
• 6M: 9.57%
• YTD: 10.60%
• 1Y: 25.04%
• 3Y*: 25.42%
• 5Y*: 13.53%
• 10Y*: 17.57%

AMECX

• 1D: -0.07%
• 1M: -0.18%
• 6M: 4.87%
• YTD: 6.80%
• 1Y: 13.24%
• 3Y*: 13.68%
• 5Y*: 7.95%
• 10Y*: 8.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BMCAX vs. AMECX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BMCAX BlackRock Advantage Large Cap Growth Fund	10.60%	21.40%	32.28%	39.38%	-30.37%	26.61%	31.89%	33.39%	-2.87%	22.57%
AMECX American Funds The Income Fund of America Class A	6.80%	17.77%	10.84%	6.79%	-6.40%	17.37%	4.49%	18.50%	-5.27%	12.58%

Correlation

The correlation between BMCAX and AMECX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Aug 25, 1986	0.78

Over the past year, the correlation between BMCAX and AMECX has dropped to 0.43 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Return for Risk

BMCAX vs. AMECX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMCAX

BMCAX Risk / Return Rank: 37
BMCAX Sharpe Ratio Rank: 43
BMCAX Sortino Ratio Rank: 39
BMCAX Omega Ratio Rank: 39
BMCAX Calmar Ratio Rank: 33
BMCAX Martin Ratio Rank: 32

AMECX

AMECX Risk / Return Rank: 57
AMECX Sharpe Ratio Rank: 65
AMECX Sortino Ratio Rank: 65
AMECX Omega Ratio Rank: 61
AMECX Calmar Ratio Rank: 49
AMECX Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMCAX vs. AMECX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Large Cap Growth Fund (BMCAX) and American Funds The Income Fund of America Class A (AMECX). 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.

	BMCAX	AMECX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.78	-0.32
Sortino ratio: Return per unit of downside risk	2.00	2.53	-0.53
Omega ratio: Gain probability vs. loss probability	1.25	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	1.68	2.15	-0.47
Martin ratio: Return relative to average drawdown	5.54	7.81	-2.27

BMCAX vs. AMECX - Sharpe Ratio Comparison

The current BMCAX Sharpe Ratio is 1.45, which is comparable to the AMECX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of BMCAX and AMECX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BMCAX vs. AMECX - Drawdown Comparison

The maximum BMCAX drawdown since its inception was -58.55%, which is greater than AMECX's maximum drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for BMCAX and AMECX.

Drawdown Indicators

	BMCAX	AMECX	Difference
Max Drawdown Largest peak-to-trough decline	-58.55%	-41.92%	-16.63%
Max Drawdown (1Y) Largest decline over 1 year	-14.71%	-6.13%	-8.58%
Max Drawdown (3Y) Largest decline over 3 years	-23.29%	-8.58%	-14.71%
Max Drawdown (5Y) Largest decline over 5 years	-33.84%	-15.78%	-18.06%
Max Drawdown (10Y) Largest decline over 10 years	-33.84%	-26.13%	-7.71%
Current Drawdown Current decline from peak	-3.04%	-0.80%	-2.24%
Average Drawdown Average peak-to-trough decline	-9.41%	-4.44%	-4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	1.68%	+2.78%

Volatility

BMCAX vs. AMECX - Volatility Comparison

BlackRock Advantage Large Cap Growth Fund (BMCAX) has a higher volatility of 6.45% compared to American Funds The Income Fund of America Class A (AMECX) at 2.30%. This indicates that BMCAX's price experiences larger fluctuations and is considered to be riskier than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMCAX	AMECX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.45%	2.30%	+4.15%
Volatility (6M) Calculated over the trailing 6-month period	13.49%	5.89%	+7.60%
Volatility (1Y) Calculated over the trailing 1-year period	17.03%	7.42%	+9.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.59%	9.45%	+12.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.15%	10.62%	+10.53%

BMCAX vs. AMECX - Expense Ratio Comparison

BMCAX has a 0.87% expense ratio, which is higher than AMECX's 0.56% expense ratio.

Dividends

BMCAX vs. AMECX - Dividend Comparison

BMCAX's dividend yield for the trailing twelve months is around 6.27%, less than AMECX's 9.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMECX American Funds The Income Fund of America Class A	9.43%	9.94%	6.38%	2.93%	6.98%	6.67%	2.80%	5.01%	7.48%	4.26%	3.09%	5.09%
BMCAX BlackRock Advantage Large Cap Growth Fund	6.27%	6.94%	22.50%	0.79%	0.19%	14.39%	5.68%	4.12%	9.77%	6.04%	0.56%	7.42%

Frequently Asked Questions

Can I hold both BMCAX and AMECX in my portfolio?

BMCAX and AMECX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BMCAX or AMECX?

BMCAX has higher volatility (6.45%) compared to AMECX (2.30%). In terms of maximum drawdown, BMCAX dropped -58.55% vs AMECX's -41.92%.

Which has better risk-adjusted returns?

AMECX currently has the higher Sharpe Ratio (1.78 vs 1.45), 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.