DHY vs. AMECX
Compare and contrast key facts about Dimensional High Yield Equity Fund (DHY) and American Funds The Income Fund of America Class A (AMECX).
DHY is managed by Dimensional Fund Advisors. It was launched on Jan 1, 2013. AMECX is managed by American Funds. It was launched on Dec 1, 1973.
Performance
DHY vs. AMECX - Performance Comparison
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DHY vs. AMECX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHY Dimensional High Yield Equity Fund | -2.71% | 2.19% | 18.18% | 24.13% | -21.75% | 16.99% | 0.10% | 26.18% | -16.10% | 17.06% |
AMECX American Funds The Income Fund of America Class A | 1.48% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 12.58% |
Returns By Period
In the year-to-date period, DHY achieves a -2.71% return, which is significantly lower than AMECX's 1.48% return. Both investments have delivered pretty close results over the past 10 years, with DHY having a 7.91% annualized return and AMECX not far ahead at 8.21%.
DHY
- 1D
- 3.83%
- 1M
- -1.24%
- YTD
- -2.71%
- 6M
- -3.37%
- 1Y
- -1.80%
- 3Y*
- 9.83%
- 5Y*
- 4.43%
- 10Y*
- 7.91%
AMECX
- 1D
- 0.23%
- 1M
- -5.74%
- YTD
- 1.48%
- 6M
- 4.22%
- 1Y
- 14.19%
- 3Y*
- 11.95%
- 5Y*
- 7.95%
- 10Y*
- 8.21%
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DHY vs. AMECX - Expense Ratio Comparison
DHY has a 0.04% expense ratio, which is lower than AMECX's 0.56% expense ratio.
Return for Risk
DHY vs. AMECX — Risk / Return Rank
DHY
AMECX
DHY vs. AMECX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional High Yield Equity Fund (DHY) 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.
| DHY | AMECX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.13 | 1.55 | -1.68 |
Sortino ratioReturn per unit of downside risk | -0.08 | 2.13 | -2.20 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.32 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.71 | -1.97 |
Martin ratioReturn relative to average drawdown | -0.78 | 8.01 | -8.79 |
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
| DHY | AMECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | 1.55 | -1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.85 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.77 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.72 | -0.54 |
Correlation
The correlation between DHY and AMECX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DHY vs. AMECX - Dividend Comparison
DHY's dividend yield for the trailing twelve months is around 9.79%, which matches AMECX's 9.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHY Dimensional High Yield Equity Fund | 9.79% | 9.30% | 8.69% | 9.39% | 10.57% | 7.61% | 8.68% | 9.02% | 11.20% | 9.40% | 10.52% | 12.63% |
AMECX American Funds The Income Fund of America Class A | 9.86% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
Drawdowns
DHY vs. AMECX - Drawdown Comparison
The maximum DHY drawdown since its inception was -71.47%, which is greater than AMECX's maximum drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for DHY and AMECX.
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Drawdown Indicators
| DHY | AMECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.47% | -41.92% | -29.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -8.19% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -27.23% | -15.78% | -11.45% |
Max Drawdown (10Y)Largest decline over 10 years | -41.36% | -26.13% | -15.23% |
Current DrawdownCurrent decline from peak | -6.10% | -5.74% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -12.37% | -4.46% | -7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 1.74% | +1.76% |
Volatility
DHY vs. AMECX - Volatility Comparison
Dimensional High Yield Equity Fund (DHY) has a higher volatility of 6.45% compared to American Funds The Income Fund of America Class A (AMECX) at 2.94%. This indicates that DHY'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.
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Volatility by Period
| DHY | AMECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 2.94% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 5.49% | +4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 9.48% | +4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 9.44% | +5.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 10.66% | +7.31% |