OCIO vs. AMBFX

Last updated Jun 3, 2026

OCIO (ClearShares OCIO ETF) and AMBFX (American Funds American Balanced Fund® Class F-2) are both Diversified Portfolio funds. Over the past 5 years, OCIO returned 7.68%/yr vs 9.84%/yr for AMBFX. Their correlation of 0.87 suggests significant overlap in exposure. OCIO charges 0.61%/yr vs 0.35%/yr for AMBFX.

Performance

OCIO vs. AMBFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearShares OCIO ETF (OCIO) and American Funds American Balanced Fund® Class F-2 (AMBFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with OCIO having a 9.94% return and AMBFX slightly lower at 9.80%.

OCIO

• 1D: 0.71%
• 1M: 3.71%
• YTD: 9.94%
• 6M: 10.68%
• 1Y: 22.20%
• 3Y*: 14.20%
• 5Y*: 7.68%
• 10Y*: —

AMBFX

• 1D: 0.20%
• 1M: 3.59%
• YTD: 9.80%
• 6M: 10.73%
• 1Y: 25.43%
• 3Y*: 17.67%
• 5Y*: 9.84%
• 10Y*: 10.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OCIO vs. AMBFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OCIO ClearShares OCIO ETF	9.94%	12.68%	12.76%	12.03%	-12.49%	13.20%	11.54%	18.56%	-10.35%	9.00%
AMBFX American Funds American Balanced Fund® Class F-2	9.80%	18.67%	15.25%	13.81%	-11.93%	16.00%	11.06%	19.45%	-2.69%	7.50%

Correlation

The correlation between OCIO and AMBFX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 28, 2017	0.87

The correlation between OCIO and AMBFX has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

Return for Risk

OCIO vs. AMBFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OCIO

OCIO Risk / Return Rank: 69
OCIO Sharpe Ratio Rank: 68
OCIO Sortino Ratio Rank: 70
OCIO Omega Ratio Rank: 70
OCIO Calmar Ratio Rank: 63
OCIO Martin Ratio Rank: 73

AMBFX

AMBFX Risk / Return Rank: 86
AMBFX Sharpe Ratio Rank: 90
AMBFX Sortino Ratio Rank: 87
AMBFX Omega Ratio Rank: 84
AMBFX Calmar Ratio Rank: 81
AMBFX Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OCIO vs. AMBFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearShares OCIO ETF (OCIO) and American Funds American Balanced Fund® Class F-2 (AMBFX). 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.

	OCIO	AMBFX	Difference
Sharpe ratio Return per unit of total volatility	2.30	2.98	-0.68
Sortino ratio Return per unit of downside risk	3.27	4.17	-0.90
Omega ratio Gain probability vs. loss probability	1.42	1.57	-0.14
Calmar ratio Return relative to maximum drawdown	3.17	3.72	-0.55
Martin ratio Return relative to average drawdown	14.08	16.88	-2.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OCIO vs. AMBFX - Sharpe Ratio Comparison

The current OCIO Sharpe Ratio is 2.30, which is comparable to the AMBFX Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of OCIO and AMBFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OCIO	AMBFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.98	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.94	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.78	-0.06

Drawdowns

OCIO vs. AMBFX - Drawdown Comparison

The maximum OCIO drawdown since its inception was -24.21%, smaller than the maximum AMBFX drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for OCIO and AMBFX.

Drawdown Indicators

	OCIO	AMBFX	Difference
Max Drawdown Largest peak-to-trough decline	-24.21%	-35.05%	+10.84%
Max Drawdown (1Y) Largest decline over 1 year	-6.98%	-7.00%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-13.32%	-10.64%	-2.68%
Max Drawdown (5Y) Largest decline over 5 years	-18.75%	-18.65%	-0.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.31%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.44%	-3.58%	-0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	1.54%	+0.03%

Volatility

OCIO vs. AMBFX - Volatility Comparison

ClearShares OCIO ETF (OCIO) has a higher volatility of 3.27% compared to American Funds American Balanced Fund® Class F-2 (AMBFX) at 2.67%. This indicates that OCIO's price experiences larger fluctuations and is considered to be riskier than AMBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCIO	AMBFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	2.67%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	7.68%	6.87%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	9.69%	8.74%	+0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.60%	10.50%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.36%	10.67%	+0.69%

OCIO vs. AMBFX - Expense Ratio Comparison

OCIO has a 0.61% expense ratio, which is higher than AMBFX's 0.35% expense ratio.

Dividends

OCIO vs. AMBFX - Dividend Comparison

OCIO's dividend yield for the trailing twelve months is around 9.43%, more than AMBFX's 7.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMBFX American Funds American Balanced Fund® Class F-2	7.74%	8.47%	7.40%	2.20%	2.52%	4.50%	4.56%	4.19%	6.20%	4.85%	4.46%	5.81%
OCIO ClearShares OCIO ETF	9.43%	10.27%	1.87%	2.32%	3.21%	2.83%	2.90%	2.22%	0.01%	1.68%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OCIO and AMBFX in my portfolio?

With a correlation of 0.90, OCIO and AMBFX 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.

Which is riskier, OCIO or AMBFX?

OCIO has higher volatility (3.27%) compared to AMBFX (2.67%). In terms of maximum drawdown, OCIO dropped -24.21% vs AMBFX's -35.05%.

Which has better risk-adjusted returns?

AMBFX currently has the higher Sharpe Ratio (2.98 vs 2.30), 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.