RIDGX vs. AMECX
RIDGX (American Funds Income Fund of America Class R-6) and AMECX (American Funds The Income Fund of America Class A) are both mutual funds - RIDGX is a Global Allocation fund managed by American Funds, while AMECX is a Diversified Portfolio fund actively managed by American Funds. Over the past 10 years, RIDGX returned 8.74%/yr vs 8.39%/yr for AMECX. With a 1.00 correlation, they move nearly in lockstep. RIDGX charges 0.26%/yr vs 0.56%/yr for AMECX.
Performance
RIDGX vs. AMECX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RIDGX having a 5.64% return and AMECX slightly lower at 5.48%. Both investments have delivered pretty close results over the past 10 years, with RIDGX having a 8.74% annualized return and AMECX not far behind at 8.39%.
RIDGX
- 1D
- -0.40%
- 1M
- -0.99%
- YTD
- 5.64%
- 6M
- 5.72%
- 1Y
- 14.57%
- 3Y*
- 13.10%
- 5Y*
- 8.40%
- 10Y*
- 8.74%
AMECX
- 1D
- -0.40%
- 1M
- -1.02%
- YTD
- 5.48%
- 6M
- 5.52%
- 1Y
- 14.19%
- 3Y*
- 12.78%
- 5Y*
- 8.08%
- 10Y*
- 8.39%
RIDGX vs. AMECX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RIDGX American Funds Income Fund of America Class R-6 | 5.64% | 18.12% | 11.22% | 7.04% | -6.15% | 17.72% | 5.24% | 18.84% | -4.96% | 12.80% |
AMECX American Funds The Income Fund of America Class A | 5.48% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 12.58% |
Correlation
The correlation between RIDGX and AMECX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 1.00 |
The correlation between RIDGX and AMECX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
RIDGX vs. AMECX — Risk / Return Rank
RIDGX
AMECX
RIDGX vs. AMECX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Income Fund of America Class R-6 (RIDGX) and American Funds The Income Fund of America Class A (AMECX). 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.
| RIDGX | AMECX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 2.33 | +0.07 |
| Martin ratioReturn relative to average drawdown | 8.93 | 8.61 | +0.32 |
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Drawdowns
RIDGX vs. AMECX - Drawdown Comparison
The maximum RIDGX drawdown since its inception was -26.09%, smaller than the maximum AMECX drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for RIDGX and AMECX.
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Drawdown Indicators
| RIDGX | AMECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.09% | -41.92% | +15.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -6.13% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -8.58% | -8.58% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -15.62% | -15.78% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -26.09% | -26.13% | +0.04% |
Current DrawdownCurrent decline from peak | -1.91% | -2.02% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -4.45% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.66% | -0.03% |
Volatility
RIDGX vs. AMECX - Volatility Comparison
American Funds Income Fund of America Class R-6 (RIDGX) and American Funds The Income Fund of America Class A (AMECX) have volatilities of 2.33% and 2.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIDGX | AMECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 2.30% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 5.86% | 5.82% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.43% | 7.41% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.49% | 9.47% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 10.69% | +0.01% |
RIDGX vs. AMECX - Expense Ratio Comparison
RIDGX has a 0.26% expense ratio, which is lower than AMECX's 0.56% expense ratio.
Dividends
RIDGX vs. AMECX - Dividend Comparison
RIDGX's dividend yield for the trailing twelve months is around 9.84%, more than AMECX's 9.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 9.55% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
RIDGX American Funds Income Fund of America Class R-6 | 9.84% | 10.25% | 6.69% | 3.16% | 7.31% | 6.97% | 3.49% | 5.29% | 7.78% | 4.46% | 3.37% | 5.38% |
Frequently Asked Questions
With a correlation of 1.00, RIDGX and AMECX 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.
RIDGX has higher volatility (2.33%) compared to AMECX (2.30%). In terms of maximum drawdown, RIDGX dropped -26.09% vs AMECX's -41.92%.
RIDGX currently has the higher Sharpe Ratio (1.97 vs 1.93), 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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