Correlation
The correlation between RITGX and SPY is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
RITGX vs. SPY
Compare and contrast key facts about American Funds American High-Income Trust® Class R-6 (RITGX) and SPDR S&P 500 ETF (SPY).
RITGX is managed by American Funds. It was launched on Aug 4, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RITGX or SPY.
Performance
RITGX vs. SPY - Performance Comparison
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Key characteristics
RITGX:
2.05
SPY:
0.70
RITGX:
2.84
SPY:
1.02
RITGX:
1.43
SPY:
1.15
RITGX:
2.15
SPY:
0.68
RITGX:
9.20
SPY:
2.57
RITGX:
0.91%
SPY:
4.93%
RITGX:
4.20%
SPY:
20.42%
RITGX:
-21.20%
SPY:
-55.19%
RITGX:
-0.62%
SPY:
-3.55%
Returns By Period
In the year-to-date period, RITGX achieves a 1.46% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, RITGX has underperformed SPY with an annualized return of 5.17%, while SPY has yielded a comparatively higher 12.73% annualized return.
RITGX
1.46%
0.31%
1.11%
7.79%
6.86%
7.39%
5.17%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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RITGX vs. SPY - Expense Ratio Comparison
RITGX has a 0.32% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RITGX vs. SPY — Risk-Adjusted Performance Rank
RITGX
SPY
RITGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American High-Income Trust® Class R-6 (RITGX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
RITGX vs. SPY - Dividend Comparison
RITGX's dividend yield for the trailing twelve months is around 6.18%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RITGX American Funds American High-Income Trust® Class R-6 | 6.18% | 6.65% | 6.81% | 5.93% | 4.65% | 6.19% | 6.56% | 6.68% | 5.80% | 5.95% | 7.28% | 6.70% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RITGX vs. SPY - Drawdown Comparison
The maximum RITGX drawdown since its inception was -21.20%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RITGX and SPY.
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Volatility
RITGX vs. SPY - Volatility Comparison
The current volatility for American Funds American High-Income Trust® Class R-6 (RITGX) is 1.26%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that RITGX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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