CBAAX vs. ABALX
CBAAX (American Funds Moderate Growth and Income Portfolio) and ABALX (American Funds American Balanced Fund Class A) are both Diversified Portfolio funds from American Funds. Over the past 10 years, CBAAX returned 8.82%/yr vs 9.71%/yr for ABALX. Their 0.97 correlation means they have historically moved very closely together. CBAAX charges 0.35%/yr vs 0.56%/yr for ABALX.
Performance
CBAAX vs. ABALX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CBAAX achieves a 6.66% return, which is significantly lower than ABALX's 8.24% return. Over the past 10 years, CBAAX has underperformed ABALX with an annualized return of 8.82%, while ABALX has yielded a comparatively higher 9.71% annualized return.
CBAAX
- 1D
- 1.10%
- 1M
- -0.61%
- 6M
- 4.04%
- YTD
- 6.66%
- 1Y
- 14.78%
- 3Y*
- 12.97%
- 5Y*
- 7.20%
- 10Y*
- 8.82%
- ALL TIME*
- 9.04%
ABALX
- 1D
- 1.10%
- 1M
- -0.96%
- 6M
- 5.45%
- YTD
- 8.24%
- 1Y
- 18.37%
- 3Y*
- 15.27%
- 5Y*
- 8.96%
- 10Y*
- 9.71%
- 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 |
CBAAX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBAAX American Funds Moderate Growth and Income Portfolio | 6.66% | 16.62% | 11.27% | 13.82% | -13.58% | 13.79% | 13.20% | 19.42% | -4.63% | 16.65% |
ABALX American Funds American Balanced Fund Class A | 8.24% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Correlation
The correlation between CBAAX and ABALX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 18, 2012 | 0.97 |
The correlation between CBAAX and ABALX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBAAX vs. ABALX — Risk / Return Rank
CBAAX
ABALX
CBAAX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Moderate Growth and Income Portfolio (CBAAX) 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.
| CBAAX | ABALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.34 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.46 | -0.57 |
| Martin ratioReturn relative to average drawdown | 8.18 | 10.47 | -2.29 |
Loading charts...
Drawdowns
CBAAX vs. ABALX - Drawdown Comparison
The maximum CBAAX drawdown since its inception was -23.16%, smaller than the maximum ABALX drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for CBAAX and ABALX.
Loading charts...
Drawdown Indicators
| CBAAX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -40.20% | +17.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -7.03% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -10.62% | -10.68% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -20.72% | -18.76% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -23.16% | -22.34% | -0.82% |
Current DrawdownCurrent decline from peak | -1.12% | -1.68% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -3.84% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.65% | +0.03% |
Volatility
CBAAX vs. ABALX - Volatility Comparison
American Funds Moderate Growth and Income Portfolio (CBAAX) and American Funds American Balanced Fund Class A (ABALX) have volatilities of 2.31% and 2.36%, 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.
Loading charts...
Volatility by Period
| CBAAX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 2.36% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | 7.39% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.11% | 9.42% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.48% | 10.60% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.80% | 10.70% | +0.10% |
CBAAX vs. ABALX - Expense Ratio Comparison
CBAAX has a 0.35% expense ratio, which is lower than ABALX's 0.56% expense ratio.
Dividends
CBAAX vs. ABALX - Dividend Comparison
CBAAX's dividend yield for the trailing twelve months is around 5.54%, less than ABALX's 7.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABALX American Funds American Balanced Fund Class A | 7.20% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
CBAAX American Funds Moderate Growth and Income Portfolio | 5.54% | 5.81% | 3.56% | 2.26% | 5.97% | 4.95% | 2.54% | 3.80% | 4.65% | 3.43% | 3.59% | 3.59% |
Frequently Asked Questions
With a correlation of 0.97, CBAAX and ABALX 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.
ABALX has higher volatility (2.36%) compared to CBAAX (2.31%). In terms of maximum drawdown, CBAAX dropped -23.16% vs ABALX's -40.20%.
ABALX currently has the higher Sharpe Ratio (1.83 vs 1.51), 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.
Find the right allocation for CBAAX and ABALX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer