GAIOX vs. SPLG
Compare and contrast key facts about American Funds Growth and Income Portfolio (GAIOX) and SPDR Portfolio S&P 500 ETF (SPLG).
GAIOX is managed by American Funds. It was launched on May 18, 2012. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GAIOX or SPLG.
Key characteristics
| GAIOX | SPLG | |
|---|---|---|
| YTD Return | 16.91% | 27.16% |
| 1Y Return | 29.08% | 39.88% |
| 3Y Return (Ann) | 5.40% | 10.28% |
| 5Y Return (Ann) | 10.73% | 16.07% |
| 10Y Return (Ann) | 8.86% | 13.53% |
| Sharpe Ratio | 2.99 | 3.16 |
| Sortino Ratio | 4.17 | 4.21 |
| Omega Ratio | 1.57 | 1.59 |
| Calmar Ratio | 2.93 | 4.60 |
| Martin Ratio | 20.79 | 20.90 |
| Ulcer Index | 1.36% | 1.86% |
| Daily Std Dev | 9.46% | 12.27% |
| Max Drawdown | -26.85% | -54.50% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between GAIOX and SPLG is 0.88, 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
GAIOX vs. SPLG - Performance Comparison
In the year-to-date period, GAIOX achieves a 16.91% return, which is significantly lower than SPLG's 27.16% return. Over the past 10 years, GAIOX has underperformed SPLG with an annualized return of 8.86%, while SPLG has yielded a comparatively higher 13.53% annualized return. 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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GAIOX vs. SPLG - Expense Ratio Comparison
GAIOX has a 0.66% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
GAIOX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Growth and Income Portfolio (GAIOX) and SPDR Portfolio S&P 500 ETF (SPLG). 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
GAIOX vs. SPLG - Dividend Comparison
GAIOX's dividend yield for the trailing twelve months is around 1.77%, more than SPLG's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAIOX American Funds Growth and Income Portfolio | 1.77% | 2.03% | 2.07% | 1.28% | 1.59% | 6.25% | 2.10% | 1.68% | 1.95% | 1.87% | 4.60% | 2.81% |
SPLG SPDR Portfolio S&P 500 ETF | 1.22% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
GAIOX vs. SPLG - Drawdown Comparison
The maximum GAIOX drawdown since its inception was -26.85%, smaller than the maximum SPLG drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for GAIOX and SPLG. For additional features, visit the drawdowns tool.
Volatility
GAIOX vs. SPLG - Volatility Comparison
The current volatility for American Funds Growth and Income Portfolio (GAIOX) is 2.55%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 3.94%. This indicates that GAIOX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.