VEIRX vs. AMECX

Last updated Aug 4, 2026

VEIRX (Vanguard Equity Income Fund Admiral Shares) and AMECX (American Funds The Income Fund of America Class A) are both mutual funds - VEIRX is a Dividend fund actively managed by Vanguard, while AMECX is a Diversified Portfolio fund actively managed by American Funds. Both are actively managed. Over the past 10 years, VEIRX returned 11.87%/yr vs 8.39%/yr for AMECX. Their correlation of 0.93 means they have usually moved in the same direction. VEIRX charges 0.19%/yr vs 0.56%/yr for AMECX.

Performance

VEIRX vs. AMECX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Equity Income Fund Admiral Shares (VEIRX) and American Funds The Income Fund of America Class A (AMECX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEIRX achieves a 11.85% return, which is significantly higher than AMECX's 8.35% return. Over the past 10 years, VEIRX has outperformed AMECX with an annualized return of 11.87%, while AMECX has yielded a comparatively lower 8.39% annualized return.

VEIRX

• 1D: -0.01%
• 1M: 1.91%
• 6M: 7.76%
• YTD: 11.85%
• 1Y: 23.30%
• 3Y*: 15.64%
• 5Y*: 11.73%
• 10Y*: 11.87%
• ALL TIME*: 9.07%

AMECX

• 1D: -0.11%
• 1M: 1.12%
• 6M: 4.36%
• YTD: 8.35%
• 1Y: 16.19%
• 3Y*: 13.30%
• 5Y*: 8.28%
• 10Y*: 8.39%
• ALL TIME*: 7.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMECX American Funds The Income Fund of America Class A	$0.00	$0.00	$0.00
VEIRX Vanguard Equity Income Fund Admiral Shares	$0.00	$0.00	$0.00

VEIRX vs. AMECX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEIRX Vanguard Equity Income Fund Admiral Shares	11.85%	17.25%	14.91%	7.76%	-0.08%	25.49%	3.08%	25.34%	-5.68%	17.68%
AMECX American Funds The Income Fund of America Class A	8.35%	17.77%	10.84%	6.79%	-6.40%	17.37%	4.49%	18.50%	-5.27%	12.58%

Correlation

The correlation between VEIRX and AMECX is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Aug 13, 2001	0.93

The correlation between VEIRX and AMECX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

Return for Risk

VEIRX vs. AMECX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VEIRX

VEIRX Risk / Return Rank: 86
VEIRX Sharpe Ratio Rank: 88
VEIRX Sortino Ratio Rank: 86
VEIRX Omega Ratio Rank: 83
VEIRX Calmar Ratio Rank: 87
VEIRX Martin Ratio Rank: 87

AMECX

AMECX Risk / Return Rank: 81
AMECX Sharpe Ratio Rank: 87
AMECX Sortino Ratio Rank: 85
AMECX Omega Ratio Rank: 82
AMECX Calmar Ratio Rank: 77
AMECX Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VEIRX vs. AMECX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Equity Income Fund Admiral Shares (VEIRX) 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.

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.

	VEIRX	AMECX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.15	+0.03
Sortino ratio: Return per unit of downside risk	3.13	3.07	+0.06
Omega ratio: Gain probability vs. loss probability	1.40	1.39	+0.01
Calmar ratio: Return relative to maximum drawdown	3.12	2.59	+0.53
Martin ratio: Return relative to average drawdown	11.78	9.50	+2.28

VEIRX vs. AMECX - Sharpe Ratio Comparison

The current VEIRX Sharpe Ratio is 2.19, which is comparable to the AMECX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of VEIRX and AMECX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VEIRX vs. AMECX - Drawdown Comparison

The maximum VEIRX drawdown since its inception was -54.02%, which is greater than AMECX's maximum drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for VEIRX and AMECX.

Drawdown Indicators

	VEIRX	AMECX	Difference
Max Drawdown Largest peak-to-trough decline	-54.02%	-41.92%	-12.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-6.13%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-13.36%	-8.58%	-4.78%
Max Drawdown (5Y) Largest decline over 5 years	-15.12%	-15.78%	+0.66%
Max Drawdown (10Y) Largest decline over 10 years	-35.26%	-26.13%	-9.13%
Current Drawdown Current decline from peak	-0.86%	-0.29%	-0.57%
Average Drawdown Average peak-to-trough decline	-6.46%	-4.44%	-2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	1.67%	+0.22%

Volatility

VEIRX vs. AMECX - Volatility Comparison

Vanguard Equity Income Fund Admiral Shares (VEIRX) has a higher volatility of 2.57% compared to American Funds The Income Fund of America Class A (AMECX) at 2.00%. This indicates that VEIRX'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.

Volatility by Period

	VEIRX	AMECX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	2.00%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	7.37%	5.86%	+1.51%
Volatility (1Y) Calculated over the trailing 1-year period	10.27%	7.40%	+2.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	9.43%	+4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	10.63%	+5.62%

VEIRX vs. AMECX - Expense Ratio Comparison

VEIRX has a 0.19% expense ratio, which is lower than AMECX's 0.56% expense ratio.

Dividends

VEIRX vs. AMECX - Dividend Comparison

VEIRX's dividend yield for the trailing twelve months is around 9.92%, more than AMECX's 9.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMECX American Funds The Income Fund of America Class A	9.29%	9.94%	6.38%	2.93%	6.98%	6.67%	2.80%	5.01%	7.48%	4.26%	3.09%	5.09%
VEIRX Vanguard Equity Income Fund Admiral Shares	9.92%	11.03%	9.83%	7.96%	8.79%	7.71%	2.86%	4.45%	10.98%	3.04%	3.87%	6.48%

Frequently Asked Questions

Can I hold both VEIRX and AMECX in my portfolio?

VEIRX and AMECX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEIRX or AMECX?

VEIRX has higher volatility (2.57%) compared to AMECX (2.00%). In terms of maximum drawdown, VEIRX dropped -54.02% vs AMECX's -41.92%.

Which has better risk-adjusted returns?

VEIRX currently has the higher Sharpe Ratio (2.19 vs 2.15), 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.