SMCWX vs. AMECX
Compare and contrast key facts about American Funds SMALLCAP World Fund Class A (SMCWX) and American Funds The Income Fund of America Class A (AMECX).
SMCWX is managed by American Funds. It was launched on Apr 30, 1990. AMECX is managed by American Funds. It was launched on Dec 1, 1973.
Performance
SMCWX vs. AMECX - Performance Comparison
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SMCWX vs. AMECX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMCWX American Funds SMALLCAP World Fund Class A | -4.37% | 14.07% | 2.33% | 18.86% | -29.90% | 10.14% | 37.46% | 30.79% | -9.75% | 26.85% |
AMECX American Funds The Income Fund of America Class A | 1.48% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 12.58% |
Returns By Period
In the year-to-date period, SMCWX achieves a -4.37% return, which is significantly lower than AMECX's 1.48% return. Over the past 10 years, SMCWX has outperformed AMECX with an annualized return of 8.67%, while AMECX has yielded a comparatively lower 8.21% annualized return.
SMCWX
- 1D
- -1.23%
- 1M
- -11.33%
- YTD
- -4.37%
- 6M
- -2.08%
- 1Y
- 16.75%
- 3Y*
- 7.63%
- 5Y*
- -0.15%
- 10Y*
- 8.67%
AMECX
- 1D
- 0.23%
- 1M
- -5.74%
- YTD
- 1.48%
- 6M
- 4.22%
- 1Y
- 14.19%
- 3Y*
- 11.95%
- 5Y*
- 7.95%
- 10Y*
- 8.21%
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SMCWX vs. AMECX - Expense Ratio Comparison
SMCWX has a 1.02% expense ratio, which is higher than AMECX's 0.56% expense ratio.
Return for Risk
SMCWX vs. AMECX — Risk / Return Rank
SMCWX
AMECX
SMCWX vs. AMECX - 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 The Income Fund of America Class A (AMECX). 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 | AMECX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 1.55 | -0.66 |
Sortino ratioReturn per unit of downside risk | 1.34 | 2.13 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.71 | -0.57 |
Martin ratioReturn relative to average drawdown | 4.44 | 8.01 | -3.57 |
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 | AMECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.55 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.85 | -0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.77 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.72 | -0.16 |
Correlation
The correlation between SMCWX and AMECX is 0.75, 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. AMECX - Dividend Comparison
SMCWX's dividend yield for the trailing twelve months is around 5.07%, less than AMECX's 9.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMCWX American Funds SMALLCAP World Fund Class A | 5.07% | 4.84% | 0.60% | 0.64% | 0.00% | 9.24% | 1.60% | 4.24% | 7.06% | 4.48% | 0.35% | 6.49% |
AMECX American Funds The Income Fund of America Class A | 9.86% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
Drawdowns
SMCWX vs. AMECX - Drawdown Comparison
The maximum SMCWX drawdown since its inception was -62.46%, which is greater than AMECX's maximum drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for SMCWX and AMECX.
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Drawdown Indicators
| SMCWX | AMECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.46% | -41.92% | -20.54% |
Max Drawdown (1Y)Largest decline over 1 year | -11.83% | -8.19% | -3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -39.79% | -15.78% | -24.01% |
Max Drawdown (10Y)Largest decline over 10 years | -39.79% | -26.13% | -13.66% |
Current DrawdownCurrent decline from peak | -13.13% | -5.74% | -7.39% |
Average DrawdownAverage peak-to-trough decline | -14.98% | -4.46% | -10.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 1.74% | +1.29% |
Volatility
SMCWX vs. AMECX - Volatility Comparison
American Funds SMALLCAP World Fund Class A (SMCWX) has a higher volatility of 6.50% compared to American Funds The Income Fund of America Class A (AMECX) at 2.94%. This indicates that SMCWX's price experiences larger fluctuations and is considered to be riskier than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMCWX | AMECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 2.94% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 5.49% | +5.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.64% | 9.48% | +8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.99% | 9.44% | +8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 10.66% | +7.06% |