SMCWX vs. ABALX
Compare and contrast key facts about American Funds SMALLCAP World Fund Class A (SMCWX) and American Funds American Balanced Fund Class A (ABALX).
SMCWX is managed by American Funds. It was launched on Apr 30, 1990. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
SMCWX vs. ABALX - Performance Comparison
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SMCWX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMCWX American Funds SMALLCAP World Fund Class A | -1.05% | 14.07% | 2.33% | 18.86% | -29.90% | 10.14% | 37.46% | 30.79% | -9.75% | 26.85% |
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, SMCWX achieves a -1.05% return, which is significantly higher than ABALX's -1.12% return. Both investments have delivered pretty close results over the past 10 years, with SMCWX having a 9.04% annualized return and ABALX not far ahead at 9.17%.
SMCWX
- 1D
- 3.47%
- 1M
- -7.83%
- YTD
- -1.05%
- 6M
- 1.11%
- 1Y
- 20.45%
- 3Y*
- 8.86%
- 5Y*
- 0.17%
- 10Y*
- 9.04%
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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SMCWX vs. ABALX - Expense Ratio Comparison
SMCWX has a 1.02% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Return for Risk
SMCWX vs. ABALX — Risk / Return Rank
SMCWX
ABALX
SMCWX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds SMALLCAP World Fund Class A (SMCWX) 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.
| SMCWX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.56 | -0.39 |
Sortino ratioReturn per unit of downside risk | 1.72 | 2.28 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.43 | -0.77 |
Martin ratioReturn relative to average drawdown | 6.37 | 10.15 | -3.77 |
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
| SMCWX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.56 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.79 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.87 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.79 | -0.22 |
Correlation
The correlation between SMCWX and ABALX is 0.76, 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
SMCWX vs. ABALX - Dividend Comparison
SMCWX's dividend yield for the trailing twelve months is around 4.90%, less than ABALX's 8.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMCWX American Funds SMALLCAP World Fund Class A | 4.90% | 4.84% | 0.60% | 0.64% | 0.00% | 9.24% | 1.60% | 4.24% | 7.06% | 4.48% | 0.35% | 6.49% |
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
SMCWX vs. ABALX - Drawdown Comparison
The maximum SMCWX drawdown since its inception was -62.46%, which is greater than ABALX's maximum drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for SMCWX and ABALX.
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Drawdown Indicators
| SMCWX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.46% | -40.20% | -22.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.83% | -7.33% | -4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -39.79% | -18.76% | -21.03% |
Max Drawdown (10Y)Largest decline over 10 years | -39.79% | -22.34% | -17.45% |
Current DrawdownCurrent decline from peak | -10.12% | -5.37% | -4.75% |
Average DrawdownAverage peak-to-trough decline | -14.98% | -3.86% | -11.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 1.76% | +1.32% |
Volatility
SMCWX vs. ABALX - Volatility Comparison
American Funds SMALLCAP World Fund Class A (SMCWX) has a higher volatility of 7.62% compared to American Funds American Balanced Fund Class A (ABALX) at 3.89%. This indicates that SMCWX'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
| SMCWX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 3.89% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 6.96% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 11.22% | +6.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 10.45% | +7.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 10.63% | +7.13% |