RLBGX vs. SPSM
Compare and contrast key facts about American Funds American Balanced Fund Class R-6 (RLBGX) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM).
RLBGX is managed by American Funds. It was launched on Jul 26, 1975. SPSM is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Index. It was launched on Jul 8, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RLBGX or SPSM.
Key characteristics
| RLBGX | SPSM | |
|---|---|---|
| YTD Return | 16.95% | 16.09% |
| 1Y Return | 27.31% | 39.25% |
| 3Y Return (Ann) | 6.05% | 2.81% |
| 5Y Return (Ann) | 9.50% | 10.73% |
| 10Y Return (Ann) | 8.87% | 9.38% |
| Sharpe Ratio | 3.11 | 1.81 |
| Sortino Ratio | 4.42 | 2.70 |
| Omega Ratio | 1.60 | 1.32 |
| Calmar Ratio | 3.53 | 1.68 |
| Martin Ratio | 21.82 | 10.73 |
| Ulcer Index | 1.21% | 3.49% |
| Daily Std Dev | 8.48% | 20.62% |
| Max Drawdown | -22.33% | -42.89% |
| Current Drawdown | 0.00% | -0.12% |
Correlation
The correlation between RLBGX and SPSM is 0.77, 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
RLBGX vs. SPSM - Performance Comparison
In the year-to-date period, RLBGX achieves a 16.95% return, which is significantly higher than SPSM's 16.09% return. Over the past 10 years, RLBGX has underperformed SPSM with an annualized return of 8.87%, while SPSM has yielded a comparatively higher 9.38% annualized 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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RLBGX vs. SPSM - Expense Ratio Comparison
RLBGX has a 0.25% expense ratio, which is higher than SPSM's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
RLBGX vs. SPSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund Class R-6 (RLBGX) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM). 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
RLBGX vs. SPSM - Dividend Comparison
RLBGX's dividend yield for the trailing twelve months is around 2.40%, more than SPSM's 1.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLBGX American Funds American Balanced Fund Class R-6 | 2.40% | 2.66% | 2.02% | 1.50% | 1.63% | 2.20% | 2.41% | 2.07% | 2.07% | 2.84% | 8.51% | 1.83% |
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 1.75% | 1.61% | 1.38% | 1.41% | 1.17% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% | 1.70% | 0.68% |
Drawdowns
RLBGX vs. SPSM - Drawdown Comparison
The maximum RLBGX drawdown since its inception was -22.33%, smaller than the maximum SPSM drawdown of -42.89%. Use the drawdown chart below to compare losses from any high point for RLBGX and SPSM. For additional features, visit the drawdowns tool.
Volatility
RLBGX vs. SPSM - Volatility Comparison
The current volatility for American Funds American Balanced Fund Class R-6 (RLBGX) is 2.38%, while SPDR Portfolio S&P 600 Small Cap ETF (SPSM) has a volatility of 7.34%. This indicates that RLBGX experiences smaller price fluctuations and is considered to be less risky than SPSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.