SMMD vs. AMECX
SMMD (iShares Russell 2500 ETF) and AMECX (American Funds The Income Fund of America Class A) are both funds - SMMD is a Small Cap Growth Equities fund tracking the Russell 2500 Index, while AMECX is a Diversified Portfolio fund managed by American Funds. Over the past 5 years, SMMD returned 7.64%/yr vs 7.77%/yr for AMECX. A 0.79 correlation means they provide meaningful diversification when combined. SMMD charges 0.15%/yr vs 0.56%/yr for AMECX.
Performance
SMMD vs. AMECX - Performance Comparison
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Returns By Period
In the year-to-date period, SMMD achieves a 18.37% return, which is significantly higher than AMECX's 6.34% return.
SMMD
- 1D
- -0.63%
- 1M
- 4.41%
- YTD
- 18.37%
- 6M
- 18.20%
- 1Y
- 36.03%
- 3Y*
- 18.53%
- 5Y*
- 7.64%
- 10Y*
- —
AMECX
- 1D
- 0.33%
- 1M
- 0.95%
- YTD
- 6.34%
- 6M
- 7.37%
- 1Y
- 15.78%
- 3Y*
- 13.76%
- 5Y*
- 7.77%
- 10Y*
- 8.51%
SMMD vs. AMECX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMMD iShares Russell 2500 ETF | 18.37% | 11.72% | 11.87% | 17.71% | -18.53% | 18.30% | 19.98% | 28.01% | -10.58% | 10.82% |
AMECX American Funds The Income Fund of America Class A | 6.34% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 6.85% |
Correlation
The correlation between SMMD and AMECX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.79 |
The correlation between SMMD and AMECX has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
SMMD vs. AMECX — Risk / Return Rank
SMMD
AMECX
SMMD vs. AMECX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2500 ETF (SMMD) 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.
| SMMD | AMECX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 2.62 | +1.13 |
| Martin ratioReturn relative to average drawdown | 14.29 | 9.88 | +4.42 |
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
| SMMD | AMECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 2.24 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.83 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.72 | -0.22 |
Drawdowns
SMMD vs. AMECX - Drawdown Comparison
The maximum SMMD drawdown since its inception was -41.06%, roughly equal to the maximum AMECX drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for SMMD and AMECX.
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Drawdown Indicators
| SMMD | AMECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.06% | -41.92% | +0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -6.13% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -25.50% | -8.58% | -16.92% |
Max Drawdown (5Y)Largest decline over 5 years | -28.26% | -15.78% | -12.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.13% | — |
Current DrawdownCurrent decline from peak | -0.63% | -1.23% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -4.45% | -3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.62% | +0.91% |
Volatility
SMMD vs. AMECX - Volatility Comparison
iShares Russell 2500 ETF (SMMD) has a higher volatility of 5.17% compared to American Funds The Income Fund of America Class A (AMECX) at 2.06%. This indicates that SMMD'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
| SMMD | AMECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 2.06% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 5.63% | +6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.20% | 7.17% | +10.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.82% | 9.45% | +11.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 10.68% | +11.69% |
SMMD vs. AMECX - Expense Ratio Comparison
SMMD has a 0.15% expense ratio, which is lower than AMECX's 0.56% expense ratio.
Dividends
SMMD vs. AMECX - Dividend Comparison
SMMD's dividend yield for the trailing twelve months is around 1.05%, less than AMECX's 9.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 9.41% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
SMMD iShares Russell 2500 ETF | 1.05% | 1.28% | 1.27% | 1.44% | 1.79% | 1.12% | 1.31% | 1.50% | 2.45% | 0.68% | 0.00% | 0.00% |
Frequently Asked Questions
SMMD and AMECX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMMD has higher volatility (5.17%) compared to AMECX (2.06%). In terms of maximum drawdown, SMMD dropped -41.06% vs AMECX's -41.92%.
AMECX currently has the higher Sharpe Ratio (2.24 vs 2.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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