NYAAX vs. ABALX
Compare and contrast key facts about American Funds Tax-Exempt Fund of New York (NYAAX) and American Funds American Balanced Fund Class A (ABALX).
NYAAX is managed by American Funds. It was launched on Oct 31, 2010. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
NYAAX vs. ABALX - Performance Comparison
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NYAAX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NYAAX American Funds Tax-Exempt Fund of New York | -0.57% | 3.67% | 2.68% | 6.36% | -11.11% | 2.67% | 4.18% | 7.18% | 0.37% | 5.49% |
ABALX American Funds American Balanced Fund Class A | -2.86% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, NYAAX achieves a -0.57% return, which is significantly higher than ABALX's -2.86% return. Over the past 10 years, NYAAX has underperformed ABALX with an annualized return of 1.78%, while ABALX has yielded a comparatively higher 8.98% annualized return.
NYAAX
- 1D
- 0.20%
- 1M
- -2.56%
- YTD
- -0.57%
- 6M
- 0.86%
- 1Y
- 3.33%
- 3Y*
- 3.06%
- 5Y*
- 0.58%
- 10Y*
- 1.78%
ABALX
- 1D
- -0.14%
- 1M
- -6.82%
- YTD
- -2.86%
- 6M
- 0.85%
- 1Y
- 15.33%
- 3Y*
- 13.40%
- 5Y*
- 8.00%
- 10Y*
- 8.98%
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NYAAX vs. ABALX - Expense Ratio Comparison
NYAAX has a 0.61% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Return for Risk
NYAAX vs. ABALX — Risk / Return Rank
NYAAX
ABALX
NYAAX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax-Exempt Fund of New York (NYAAX) 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.
| NYAAX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.43 | -0.67 |
Sortino ratioReturn per unit of downside risk | 1.06 | 2.09 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 2.00 | -1.18 |
Martin ratioReturn relative to average drawdown | 2.41 | 8.51 | -6.10 |
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
| NYAAX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.43 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.77 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.85 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.79 | -0.05 |
Correlation
The correlation between NYAAX and ABALX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
NYAAX vs. ABALX - Dividend Comparison
NYAAX's dividend yield for the trailing twelve months is around 3.26%, less than ABALX's 8.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYAAX American Funds Tax-Exempt Fund of New York | 3.26% | 4.24% | 3.54% | 2.29% | 1.82% | 2.82% | 2.34% | 2.65% | 2.61% | 2.70% | 2.31% | 2.72% |
ABALX American Funds American Balanced Fund Class A | 8.54% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
NYAAX vs. ABALX - Drawdown Comparison
The maximum NYAAX drawdown since its inception was -16.40%, smaller than the maximum ABALX drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for NYAAX and ABALX.
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Drawdown Indicators
| NYAAX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.40% | -40.20% | +23.80% |
Max Drawdown (1Y)Largest decline over 1 year | -5.48% | -7.33% | +1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -16.40% | -18.76% | +2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -16.40% | -22.34% | +5.94% |
Current DrawdownCurrent decline from peak | -2.56% | -7.03% | +4.47% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -3.86% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.73% | +0.15% |
Volatility
NYAAX vs. ABALX - Volatility Comparison
The current volatility for American Funds Tax-Exempt Fund of New York (NYAAX) is 1.16%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 3.26%. This indicates that NYAAX 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.
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Volatility by Period
| NYAAX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 3.26% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 6.74% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.57% | 11.11% | -5.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 10.42% | -6.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.19% | 10.61% | -6.42% |