GAIFX vs. AVGE
GAIFX (American Funds Growth and Income Portfolio Class F-1) and AVGE (Avantis All Equity Markets ETF) are both funds - GAIFX is a Diversified Portfolio fund actively managed by American Funds, while AVGE is a Global Equities fund actively managed by Avantis. Both are actively managed. Over the past 3 years, GAIFX returned 16.84%/yr vs 21.77%/yr for AVGE. Their correlation of 0.93 suggests significant overlap in exposure. GAIFX charges 0.70%/yr vs 0.23%/yr for AVGE.
Performance
GAIFX vs. AVGE - Performance Comparison
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Returns By Period
In the year-to-date period, GAIFX achieves a 9.10% return, which is significantly lower than AVGE's 16.74% return.
GAIFX
- 1D
- 0.87%
- 1M
- 1.76%
- YTD
- 9.10%
- 6M
- 9.01%
- 1Y
- 21.52%
- 3Y*
- 16.84%
- 5Y*
- 9.64%
- 10Y*
- 10.88%
AVGE
- 1D
- 0.31%
- 1M
- 2.44%
- YTD
- 16.74%
- 6M
- 16.11%
- 1Y
- 35.00%
- 3Y*
- 21.77%
- 5Y*
- —
- 10Y*
- —
GAIFX vs. AVGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GAIFX American Funds Growth and Income Portfolio Class F-1 | 9.10% | 18.16% | 14.55% | 18.71% | 6.65% |
AVGE Avantis All Equity Markets ETF | 16.74% | 20.84% | 13.96% | 19.04% | 11.83% |
Correlation
The correlation between GAIFX and AVGE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022 | 0.93 |
The correlation between GAIFX and AVGE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
GAIFX vs. AVGE — Risk / Return Rank
GAIFX
AVGE
GAIFX vs. AVGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Growth and Income Portfolio Class F-1 (GAIFX) and Avantis All Equity Markets ETF (AVGE). 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.
| GAIFX | AVGE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.49 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 4.09 | -1.46 |
| Martin ratioReturn relative to average drawdown | 11.65 | 17.28 | -5.63 |
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Drawdowns
GAIFX vs. AVGE - Drawdown Comparison
The maximum GAIFX drawdown since its inception was -26.55%, which is greater than AVGE's maximum drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for GAIFX and AVGE.
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Drawdown Indicators
| GAIFX | AVGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.55% | -17.13% | -9.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -8.60% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -12.83% | -17.13% | +4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -23.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.55% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.28% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -2.40% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.03% | -0.20% |
Volatility
GAIFX vs. AVGE - Volatility Comparison
The current volatility for American Funds Growth and Income Portfolio Class F-1 (GAIFX) is 4.13%, while Avantis All Equity Markets ETF (AVGE) has a volatility of 4.74%. This indicates that GAIFX experiences smaller price fluctuations and is considered to be less risky than AVGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAIFX | AVGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 4.74% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.73% | 10.44% | -1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 13.05% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 15.26% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 15.26% | -2.04% |
GAIFX vs. AVGE - Expense Ratio Comparison
GAIFX has a 0.70% expense ratio, which is higher than AVGE's 0.23% expense ratio.
Dividends
GAIFX vs. AVGE - Dividend Comparison
GAIFX's dividend yield for the trailing twelve months is around 5.20%, more than AVGE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGE Avantis All Equity Markets ETF | 2.10% | 1.67% | 1.92% | 1.93% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GAIFX American Funds Growth and Income Portfolio Class F-1 | 5.20% | 5.73% | 4.77% | 2.77% | 6.40% | 5.09% | 3.97% | 5.49% | 6.06% | 3.41% | 4.34% | 4.54% |
Frequently Asked Questions
With a correlation of 0.93, GAIFX and AVGE 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.
AVGE has higher volatility (4.74%) compared to GAIFX (4.13%). In terms of maximum drawdown, GAIFX dropped -26.55% vs AVGE's -17.13%.
AVGE currently has the higher Sharpe Ratio (2.70 vs 2.01), 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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