CAIBX vs. ABALX
CAIBX (American Funds Capital Income Builder Class A) and ABALX (American Funds American Balanced Fund Class A) are both Diversified Portfolio funds from American Funds. Both are actively managed. Over the past 10 years, CAIBX returned 7.96%/yr vs 9.78%/yr for ABALX. Their correlation of 0.85 means they have usually moved in the same direction. CAIBX charges 0.58%/yr vs 0.56%/yr for ABALX.
Performance
CAIBX vs. ABALX - Performance Comparison
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Returns By Period
In the year-to-date period, CAIBX achieves a 10.47% return, which is significantly higher than ABALX's 8.43% return. Over the past 10 years, CAIBX has underperformed ABALX with an annualized return of 7.96%, while ABALX has yielded a comparatively higher 9.78% annualized return.
CAIBX
- 1D
- 0.08%
- 1M
- 1.68%
- 6M
- 6.74%
- YTD
- 10.47%
- 1Y
- 18.93%
- 3Y*
- 14.96%
- 5Y*
- 9.17%
- 10Y*
- 7.96%
- ALL TIME*
- 9.80%
ABALX
- 1D
- 0.17%
- 1M
- -0.79%
- 6M
- 5.36%
- YTD
- 8.43%
- 1Y
- 18.58%
- 3Y*
- 15.45%
- 5Y*
- 9.00%
- 10Y*
- 9.78%
- ALL TIME*
- 8.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CAIBX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAIBX American Funds Capital Income Builder Class A | 10.47% | 20.39% | 10.24% | 8.95% | -7.14% | 14.99% | 3.20% | 17.23% | -7.28% | 13.99% |
ABALX American Funds American Balanced Fund Class A | 8.43% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Correlation
The correlation between CAIBX and ABALX is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 1987 | 0.85 |
The correlation between CAIBX and ABALX has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
CAIBX vs. ABALX — Risk / Return Rank
CAIBX
ABALX
CAIBX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Capital Income Builder Class A (CAIBX) and American Funds American Balanced Fund Class A (ABALX). 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.
| CAIBX | ABALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.35 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.54 | +0.36 |
| Martin ratioReturn relative to average drawdown | 11.56 | 10.80 | +0.76 |
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Drawdowns
CAIBX vs. ABALX - Drawdown Comparison
The maximum CAIBX drawdown since its inception was -43.68%, which is greater than ABALX's maximum drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for CAIBX and ABALX.
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Drawdown Indicators
| CAIBX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.68% | -40.20% | -3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -7.03% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -8.89% | -10.68% | +1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | -18.76% | +1.11% |
Max Drawdown (10Y)Largest decline over 10 years | -25.28% | -22.34% | -2.94% |
Current DrawdownCurrent decline from peak | 0.00% | -1.51% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -3.84% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.65% | -0.03% |
Volatility
CAIBX vs. ABALX - Volatility Comparison
The current volatility for American Funds Capital Income Builder Class A (CAIBX) is 1.94%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 2.28%. This indicates that CAIBX experiences smaller price fluctuations and is considered to be less risky than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAIBX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 2.28% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 6.56% | 7.40% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.19% | 9.42% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.97% | 10.59% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.77% | 10.70% | +0.07% |
CAIBX vs. ABALX - Expense Ratio Comparison
CAIBX has a 0.58% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Dividends
CAIBX vs. ABALX - Dividend Comparison
CAIBX's dividend yield for the trailing twelve months is around 7.10%, less than ABALX's 7.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABALX American Funds American Balanced Fund Class A | 7.19% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
CAIBX American Funds Capital Income Builder Class A | 7.10% | 7.71% | 5.76% | 3.47% | 3.43% | 3.14% | 3.38% | 4.10% | 3.55% | 4.44% | 3.52% | 3.62% |
Frequently Asked Questions
CAIBX and ABALX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABALX has higher volatility (2.28%) compared to CAIBX (1.94%). In terms of maximum drawdown, CAIBX dropped -43.68% vs ABALX's -40.20%.
CAIBX currently has the higher Sharpe Ratio (2.30 vs 1.89), 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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