TAIAX vs. IOEZX
TAIAX (American Funds Tax-Aware Conservative Growth and Income Portfolio) and IOEZX (ICON Equity Income Fund) are both Diversified Portfolio funds. Over the past 10 years, TAIAX returned 7.88%/yr vs 8.86%/yr for IOEZX. A 0.79 correlation means they provide meaningful diversification when combined. TAIAX charges 0.34%/yr vs 1.00%/yr for IOEZX.
Performance
TAIAX vs. IOEZX - Performance Comparison
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Returns By Period
In the year-to-date period, TAIAX achieves a 5.75% return, which is significantly lower than IOEZX's 13.95% return. Over the past 10 years, TAIAX has underperformed IOEZX with an annualized return of 7.88%, while IOEZX has yielded a comparatively higher 8.86% annualized return.
TAIAX
- 1D
- 0.06%
- 1M
- 0.45%
- YTD
- 5.75%
- 6M
- 5.40%
- 1Y
- 14.46%
- 3Y*
- 12.14%
- 5Y*
- 6.84%
- 10Y*
- 7.88%
IOEZX
- 1D
- 0.25%
- 1M
- -1.18%
- YTD
- 13.95%
- 6M
- 13.09%
- 1Y
- 27.63%
- 3Y*
- 12.86%
- 5Y*
- 5.10%
- 10Y*
- 8.86%
TAIAX vs. IOEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAIAX American Funds Tax-Aware Conservative Growth and Income Portfolio | 5.75% | 13.27% | 10.09% | 11.74% | -10.18% | 13.47% | 7.46% | 16.26% | -2.17% | 14.25% |
IOEZX ICON Equity Income Fund | 13.95% | 14.29% | 6.12% | 3.82% | -13.56% | 24.15% | 3.16% | 27.70% | -10.11% | 13.59% |
Correlation
The correlation between TAIAX and IOEZX is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.79 |
The correlation between TAIAX and IOEZX shifts across timeframes, from 0.62 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TAIAX vs. IOEZX — Risk / Return Rank
TAIAX
IOEZX
TAIAX vs. IOEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX) and ICON Equity Income Fund (IOEZX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TAIAX | IOEZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 3.96 | -1.63 |
| Martin ratioReturn relative to average drawdown | 10.68 | 14.42 | -3.74 |
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Drawdowns
TAIAX vs. IOEZX - Drawdown Comparison
The maximum TAIAX drawdown since its inception was -21.42%, smaller than the maximum IOEZX drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for TAIAX and IOEZX.
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Drawdown Indicators
| TAIAX | IOEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.42% | -56.15% | +34.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -6.77% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -8.75% | -13.95% | +5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -21.47% | +4.71% |
Max Drawdown (10Y)Largest decline over 10 years | -21.42% | -38.12% | +16.70% |
Current DrawdownCurrent decline from peak | -0.72% | -2.10% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -8.56% | +6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.86% | -0.52% |
Volatility
TAIAX vs. IOEZX - Volatility Comparison
The current volatility for American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX) is 2.45%, while ICON Equity Income Fund (IOEZX) has a volatility of 3.63%. This indicates that TAIAX experiences smaller price fluctuations and is considered to be less risky than IOEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAIAX | IOEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 3.63% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 5.65% | 8.98% | -3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.75% | 12.20% | -5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.68% | 13.78% | -6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.18% | 16.46% | -8.28% |
TAIAX vs. IOEZX - Expense Ratio Comparison
TAIAX has a 0.34% expense ratio, which is lower than IOEZX's 1.00% expense ratio.
Dividends
TAIAX vs. IOEZX - Dividend Comparison
TAIAX's dividend yield for the trailing twelve months is around 4.34%, more than IOEZX's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOEZX ICON Equity Income Fund | 2.97% | 3.56% | 4.32% | 3.75% | 13.63% | 12.92% | 3.68% | 4.74% | 3.80% | 3.13% | 3.32% | 4.24% |
TAIAX American Funds Tax-Aware Conservative Growth and Income Portfolio | 4.34% | 5.18% | 5.16% | 4.29% | 4.37% | 3.40% | 2.65% | 4.01% | 4.54% | 4.04% | 2.77% | 3.38% |
Frequently Asked Questions
TAIAX and IOEZX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IOEZX has higher volatility (3.63%) compared to TAIAX (2.45%). In terms of maximum drawdown, TAIAX dropped -21.42% vs IOEZX's -56.15%.
IOEZX currently has the higher Sharpe Ratio (2.20 vs 2.13), 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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