Asset Comparison and Correlation
|American Funds American Hi Inc vs S&P 500|
Assuming 30 trading days horizon, American is expected to generate 4.5 times less return on investment than SP 500. But when comparing it to its historical volatility, American Funds American Hi Inc Tr 529F1 is 4.58 times less risky than SP 500. It trades about 0.67 of its potential returns per unit of risk. S&P 500 is currently generating about 0.65 of returns per unit of risk over similar time horizon. If you would invest 155,525 in S&P 500 on April 18, 2013 and sell it today you would earn a total of 11,222 from holding S&P 500 or generate 7.22% return on investment over 30 days.
65% of all equities and portfolios perform better than American Funds American Hi Inc Tr 529F1. Compared with the overall equity markets, risk-adjusted returns on investments in American Funds American Hi Inc Tr 529F1 are ranked lower than 35 (%) of all global equities and portfolios over the last 30 days.
Match ups for American
Match ups for SP 500