CBALX vs. ABALX
Compare and contrast key facts about Columbia Balanced Fund (CBALX) and American Funds American Balanced Fund Class A (ABALX).
CBALX is managed by Columbia Threadneedle. It was launched on Sep 30, 1991. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBALX or ABALX.
Key characteristics
| CBALX | ABALX | |
|---|---|---|
| YTD Return | 15.54% | 15.61% |
| 1Y Return | 22.49% | 22.64% |
| 3Y Return (Ann) | 5.57% | 5.44% |
| 5Y Return (Ann) | 10.28% | 8.77% |
| 10Y Return (Ann) | 8.70% | 8.41% |
| Sharpe Ratio | 3.00 | 2.91 |
| Sortino Ratio | 4.28 | 4.15 |
| Omega Ratio | 1.57 | 1.56 |
| Calmar Ratio | 4.90 | 4.27 |
| Martin Ratio | 20.42 | 20.18 |
| Ulcer Index | 1.20% | 1.22% |
| Daily Std Dev | 8.17% | 8.45% |
| Max Drawdown | -35.45% | -39.31% |
| Current Drawdown | -0.25% | -0.89% |
Correlation
The correlation between CBALX and ABALX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CBALX vs. ABALX - Performance Comparison
The year-to-date returns for both investments are quite close, with CBALX having a 15.54% return and ABALX slightly higher at 15.61%. Both investments have delivered pretty close results over the past 10 years, with CBALX having a 8.70% annualized return and ABALX not far behind at 8.41%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CBALX vs. ABALX - Expense Ratio Comparison
CBALX has a 0.67% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Risk-Adjusted Performance
CBALX vs. ABALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Balanced Fund (CBALX) 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.
Dividends
CBALX vs. ABALX - Dividend Comparison
CBALX's dividend yield for the trailing twelve months is around 1.86%, less than ABALX's 2.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBALX Columbia Balanced Fund | 1.86% | 1.84% | 1.51% | 0.86% | 1.25% | 1.69% | 1.74% | 1.29% | 1.26% | 2.12% | 1.09% | 0.97% |
ABALX American Funds American Balanced Fund Class A | 2.14% | 2.36% | 1.69% | 1.20% | 1.32% | 1.91% | 2.10% | 1.79% | 1.77% | 2.47% | 8.09% | 1.54% |
Drawdowns
CBALX vs. ABALX - Drawdown Comparison
The maximum CBALX drawdown since its inception was -35.45%, smaller than the maximum ABALX drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for CBALX and ABALX. For additional features, visit the drawdowns tool.
Volatility
CBALX vs. ABALX - Volatility Comparison
Columbia Balanced Fund (CBALX) and American Funds American Balanced Fund Class A (ABALX) have volatilities of 2.36% and 2.30%, 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.