RNPGX vs. ABALX
Compare and contrast key facts about American Funds New Perspective Fund Class R-6 (RNPGX) and American Funds American Balanced Fund Class A (ABALX).
RNPGX is managed by American Funds. It was launched on Aug 1, 2008. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
RNPGX vs. ABALX - Performance Comparison
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RNPGX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNPGX American Funds New Perspective Fund Class R-6 | -5.22% | 21.71% | 17.13% | 25.06% | -25.70% | 18.00% | 33.88% | 31.22% | -5.71% | 29.31% |
ABALX American Funds American Balanced Fund Class A | -1.12% | 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, RNPGX achieves a -5.22% return, which is significantly lower than ABALX's -1.12% return. Over the past 10 years, RNPGX has outperformed ABALX with an annualized return of 12.74%, while ABALX has yielded a comparatively lower 9.17% annualized return.
RNPGX
- 1D
- 3.11%
- 1M
- -6.91%
- YTD
- -5.22%
- 6M
- -3.48%
- 1Y
- 16.89%
- 3Y*
- 15.27%
- 5Y*
- 7.39%
- 10Y*
- 12.74%
ABALX
- 1D
- 1.79%
- 1M
- -4.88%
- YTD
- -1.12%
- 6M
- 2.08%
- 1Y
- 16.95%
- 3Y*
- 14.07%
- 5Y*
- 8.20%
- 10Y*
- 9.17%
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RNPGX vs. ABALX - Expense Ratio Comparison
RNPGX has a 0.42% expense ratio, which is lower than ABALX's 0.56% expense ratio.
Return for Risk
RNPGX vs. ABALX — Risk / Return Rank
RNPGX
ABALX
RNPGX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New Perspective Fund Class R-6 (RNPGX) 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.
| RNPGX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.56 | -0.52 |
Sortino ratioReturn per unit of downside risk | 1.58 | 2.28 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.43 | -0.98 |
Martin ratioReturn relative to average drawdown | 5.93 | 10.15 | -4.22 |
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
| RNPGX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.56 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.79 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.87 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.79 | -0.14 |
Correlation
The correlation between RNPGX and ABALX is 0.91, 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.
Dividends
RNPGX vs. ABALX - Dividend Comparison
RNPGX's dividend yield for the trailing twelve months is around 7.25%, less than ABALX's 8.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNPGX American Funds New Perspective Fund Class R-6 | 7.25% | 6.87% | 5.45% | 5.67% | 4.53% | 7.31% | 4.41% | 4.47% | 7.95% | 5.80% | 4.20% | 6.46% |
ABALX American Funds American Balanced Fund Class A | 8.39% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
RNPGX vs. ABALX - Drawdown Comparison
The maximum RNPGX drawdown since its inception was -34.25%, smaller than the maximum ABALX drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for RNPGX and ABALX.
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Drawdown Indicators
| RNPGX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.25% | -40.20% | +5.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -7.33% | -4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -34.25% | -18.76% | -15.49% |
Max Drawdown (10Y)Largest decline over 10 years | -34.25% | -22.34% | -11.91% |
Current DrawdownCurrent decline from peak | -8.68% | -5.37% | -3.31% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -3.86% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.76% | +1.12% |
Volatility
RNPGX vs. ABALX - Volatility Comparison
American Funds New Perspective Fund Class R-6 (RNPGX) has a higher volatility of 6.24% compared to American Funds American Balanced Fund Class A (ABALX) at 3.89%. This indicates that RNPGX's price experiences larger fluctuations and is considered to be riskier 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
| RNPGX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.24% | 3.89% | +2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 6.96% | +3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 11.22% | +5.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 10.45% | +6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 10.63% | +7.14% |