NDARX vs. ABALX
Compare and contrast key facts about American Funds Retirement Income Portfolio - Enhanced (NDARX) and American Funds American Balanced Fund Class A (ABALX).
NDARX is managed by American Funds. It was launched on Aug 27, 2015. 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: NDARX or ABALX.
Key characteristics
| NDARX | ABALX | |
|---|---|---|
| YTD Return | 11.92% | 12.77% |
| 1Y Return | 19.24% | 20.69% |
| 3Y Return (Ann) | 5.11% | 5.59% |
| 5Y Return (Ann) | 7.69% | 8.86% |
| Sharpe Ratio | 2.44 | 2.34 |
| Daily Std Dev | 7.83% | 8.88% |
| Max Drawdown | -23.62% | -39.31% |
| Current Drawdown | -0.14% | -0.14% |
Correlation
The correlation between NDARX and ABALX is 0.96, 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
NDARX vs. ABALX - Performance Comparison
In the year-to-date period, NDARX achieves a 11.92% return, which is significantly lower than ABALX's 12.77% 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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NDARX vs. ABALX - Expense Ratio Comparison
NDARX has a 0.34% expense ratio, which is lower than ABALX's 0.56% expense ratio.
Risk-Adjusted Performance
NDARX vs. ABALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Retirement Income Portfolio - Enhanced (NDARX) 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
NDARX vs. ABALX - Dividend Comparison
NDARX's dividend yield for the trailing twelve months is around 3.10%, more than ABALX's 1.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDARX American Funds Retirement Income Portfolio - Enhanced | 3.10% | 3.37% | 5.60% | 4.29% | 2.91% | 4.03% | 4.29% | 2.68% | 2.86% | 0.71% | 0.00% | 0.00% |
ABALX American Funds American Balanced Fund Class A | 1.88% | 2.36% | 2.30% | 4.30% | 4.35% | 4.00% | 6.17% | 5.37% | 4.21% | 5.97% | 8.09% | 1.54% |
Drawdowns
NDARX vs. ABALX - Drawdown Comparison
The maximum NDARX drawdown since its inception was -23.62%, smaller than the maximum ABALX drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for NDARX and ABALX. For additional features, visit the drawdowns tool.
Volatility
NDARX vs. ABALX - Volatility Comparison
The current volatility for American Funds Retirement Income Portfolio - Enhanced (NDARX) is 2.24%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 2.77%. This indicates that NDARX experiences smaller price fluctuations and is considered to be less risky than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.