Asset Comparison and Correlation

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.