SMCWX vs. AIVSX
Compare and contrast key facts about American Funds SMALLCAP World Fund Class A (SMCWX) and American Funds Investment Company of America Class A (AIVSX).
SMCWX is managed by American Funds. It was launched on Apr 30, 1990. AIVSX is managed by American Funds. It was launched on Jan 1, 1934.
Performance
SMCWX vs. AIVSX - Performance Comparison
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SMCWX vs. AIVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMCWX American Funds SMALLCAP World Fund Class A | 0.33% | 14.07% | 2.33% | 18.86% | -29.90% | 10.14% | 37.46% | 30.79% | -9.75% | 26.85% |
AIVSX American Funds Investment Company of America Class A | -4.18% | 20.47% | 24.90% | 28.56% | -15.50% | 25.10% | 14.47% | 24.10% | -8.21% | 19.54% |
Returns By Period
In the year-to-date period, SMCWX achieves a 0.33% return, which is significantly higher than AIVSX's -4.18% return. Over the past 10 years, SMCWX has underperformed AIVSX with an annualized return of 9.19%, while AIVSX has yielded a comparatively higher 12.96% annualized return.
SMCWX
- 1D
- 1.39%
- 1M
- -3.96%
- YTD
- 0.33%
- 6M
- 2.17%
- 1Y
- 20.56%
- 3Y*
- 9.36%
- 5Y*
- 0.44%
- 10Y*
- 9.19%
AIVSX
- 1D
- 0.72%
- 1M
- -4.09%
- YTD
- -4.18%
- 6M
- -2.66%
- 1Y
- 17.88%
- 3Y*
- 20.34%
- 5Y*
- 12.62%
- 10Y*
- 12.96%
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SMCWX vs. AIVSX - Expense Ratio Comparison
SMCWX has a 1.02% expense ratio, which is higher than AIVSX's 0.57% expense ratio.
Return for Risk
SMCWX vs. AIVSX — Risk / Return Rank
SMCWX
AIVSX
SMCWX vs. AIVSX - 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 Investment Company of America Class A (AIVSX). 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 | AIVSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.06 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.81 | 1.62 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.77 | +0.13 |
Martin ratioReturn relative to average drawdown | 7.22 | 7.25 | -0.04 |
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 | AIVSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.06 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.79 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.79 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.67 | -0.10 |
Correlation
The correlation between SMCWX and AIVSX is 0.80, 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. AIVSX - Dividend Comparison
SMCWX's dividend yield for the trailing twelve months is around 4.83%, less than AIVSX's 11.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMCWX American Funds SMALLCAP World Fund Class A | 4.83% | 4.84% | 0.60% | 0.64% | 0.00% | 9.24% | 1.60% | 4.24% | 7.06% | 4.48% | 0.35% | 6.49% |
AIVSX American Funds Investment Company of America Class A | 11.09% | 10.60% | 9.29% | 4.96% | 6.12% | 6.94% | 1.65% | 6.15% | 9.61% | 7.08% | 5.48% | 8.95% |
Drawdowns
SMCWX vs. AIVSX - Drawdown Comparison
The maximum SMCWX drawdown since its inception was -62.46%, which is greater than AIVSX's maximum drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for SMCWX and AIVSX.
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Drawdown Indicators
| SMCWX | AIVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.46% | -50.90% | -11.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.83% | -10.08% | -1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -39.79% | -24.31% | -15.48% |
Max Drawdown (10Y)Largest decline over 10 years | -39.79% | -31.09% | -8.70% |
Current DrawdownCurrent decline from peak | -8.87% | -6.67% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -14.98% | -5.93% | -9.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.62% | +0.49% |
Volatility
SMCWX vs. AIVSX - Volatility Comparison
American Funds SMALLCAP World Fund Class A (SMCWX) has a higher volatility of 7.40% compared to American Funds Investment Company of America Class A (AIVSX) at 5.75%. This indicates that SMCWX's price experiences larger fluctuations and is considered to be riskier than AIVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMCWX | AIVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 5.75% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 11.89% | 9.95% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.95% | 17.57% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.04% | 15.96% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 16.55% | +1.21% |