CLBAX vs. RGAGX
CLBAX (American Funds American Balanced Fund Class 529-A) and RGAGX (American Funds The Growth Fund of America Class R-6) are both mutual funds - CLBAX is a Diversified Portfolio fund actively managed by American Funds, while RGAGX is a Large Cap Growth Equities fund managed by American Funds. Over the past 10 years, CLBAX returned 10.11%/yr vs 16.30%/yr for RGAGX. Their correlation of 0.92 suggests significant overlap in exposure. CLBAX charges 0.58%/yr vs 0.30%/yr for RGAGX.
Performance
CLBAX vs. RGAGX - Performance Comparison
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Returns By Period
In the year-to-date period, CLBAX achieves a 9.96% return, which is significantly higher than RGAGX's 9.36% return. Over the past 10 years, CLBAX has underperformed RGAGX with an annualized return of 10.11%, while RGAGX has yielded a comparatively higher 16.30% annualized return.
CLBAX
- 1D
- 0.24%
- 1M
- 3.98%
- YTD
- 9.96%
- 6M
- 10.58%
- 1Y
- 24.94%
- 3Y*
- 17.52%
- 5Y*
- 9.70%
- 10Y*
- 10.11%
RGAGX
- 1D
- -0.80%
- 1M
- 5.24%
- YTD
- 9.36%
- 6M
- 8.89%
- 1Y
- 25.11%
- 3Y*
- 25.20%
- 5Y*
- 12.43%
- 10Y*
- 16.30%
CLBAX vs. RGAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLBAX American Funds American Balanced Fund Class 529-A | 9.96% | 18.43% | 14.96% | 13.61% | -12.16% | 15.70% | 10.79% | 18.51% | -3.43% | 14.64% |
RGAGX American Funds The Growth Fund of America Class R-6 | 9.36% | 20.08% | 28.41% | 37.66% | -30.53% | 19.67% | 38.30% | 29.22% | -2.88% | 26.53% |
Correlation
The correlation between CLBAX and RGAGX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 4, 2009 | 0.92 |
The correlation between CLBAX and RGAGX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
CLBAX vs. RGAGX — Risk / Return Rank
CLBAX
RGAGX
CLBAX vs. RGAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund Class 529-A (CLBAX) and American Funds The Growth Fund of America Class R-6 (RGAGX). 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.
| CLBAX | RGAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.30 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 1.87 | +1.76 |
| Martin ratioReturn relative to average drawdown | 16.44 | 7.32 | +9.12 |
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
| CLBAX | RGAGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | 1.69 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.62 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.83 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.85 | -0.16 |
Drawdowns
CLBAX vs. RGAGX - Drawdown Comparison
The maximum CLBAX drawdown since its inception was -40.25%, which is greater than RGAGX's maximum drawdown of -36.19%. Use the drawdown chart below to compare losses from any high point for CLBAX and RGAGX.
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Drawdown Indicators
| CLBAX | RGAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.25% | -36.19% | -4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.03% | -13.71% | +6.68% |
Max Drawdown (3Y)Largest decline over 3 years | -10.68% | -21.54% | +10.86% |
Max Drawdown (5Y)Largest decline over 5 years | -18.79% | -36.19% | +17.40% |
Max Drawdown (10Y)Largest decline over 10 years | -22.33% | -36.19% | +13.86% |
Current DrawdownCurrent decline from peak | 0.00% | -1.12% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -5.49% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 3.50% | -1.95% |
Volatility
CLBAX vs. RGAGX - Volatility Comparison
The current volatility for American Funds American Balanced Fund Class 529-A (CLBAX) is 2.65%, while American Funds The Growth Fund of America Class R-6 (RGAGX) has a volatility of 3.86%. This indicates that CLBAX experiences smaller price fluctuations and is considered to be less risky than RGAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLBAX | RGAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 3.86% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 11.66% | -4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.72% | 15.16% | -6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.49% | 20.24% | -9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 19.69% | -9.02% |
CLBAX vs. RGAGX - Expense Ratio Comparison
CLBAX has a 0.58% expense ratio, which is higher than RGAGX's 0.30% expense ratio.
Dividends
CLBAX vs. RGAGX - Dividend Comparison
CLBAX's dividend yield for the trailing twelve months is around 7.53%, less than RGAGX's 10.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLBAX American Funds American Balanced Fund Class 529-A | 7.53% | 8.26% | 7.17% | 2.03% | 2.27% | 4.27% | 4.32% | 3.43% | 5.42% | 4.67% | 4.17% | 5.51% |
RGAGX American Funds The Growth Fund of America Class R-6 | 10.05% | 10.99% | 9.29% | 7.70% | 4.44% | 8.49% | 4.57% | 7.93% | 12.36% | 7.34% | 6.95% | 9.22% |
Frequently Asked Questions
With a correlation of 0.91, CLBAX and RGAGX 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.
RGAGX has higher volatility (3.86%) compared to CLBAX (2.65%). In terms of maximum drawdown, CLBAX dropped -40.25% vs RGAGX's -36.19%.
CLBAX currently has the higher Sharpe Ratio (2.94 vs 1.69), 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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