- ISIN
- US6438221094
- CUSIP
- 643822109
- Issuer
- American Funds
- Inception Date
- Nov 30, 1983
- Category
- Global Equities
- Min. Investment
- $250
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ANEFX Performance Chart
American Funds The New Economy Fund (ANEFX) is up 23.6% since the beginning of the year. ANEFX is currently trading at $90 per share. Investors who bought $1,000 worth of ANEFX shares 5 years ago would now be looking at an investment worth $1,936.
Loading charts...
Returns By Period
American Funds The New Economy Fund (ANEFX) has returned 23.59% so far this year and 53.39% over the past 12 months. Looking at the last ten years, ANEFX has achieved an annualized return of 17.04%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
American Funds The New Economy Fund
- 1D
- 2.27%
- 1M
- 6.34%
- YTD
- 23.59%
- 6M
- 24.43%
- 1Y
- 53.39%
- 3Y*
- 30.13%
- 5Y*
- 14.12%
- 10Y*
- 17.04%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ANEFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1986, ANEFX's average daily return is +0.06%, while the average monthly return is +1.20%. At this rate, an investment would double in approximately 4.8 years.
Historically, 63% of months were positive and 37% were negative. The best month was Dec 1987 with a return of +19.0%, while the worst month was Oct 1987 at -20.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ANEFX closed higher 54% of trading days. The best single day was Dec 2, 1986 with a return of +17.6%, while the worst single day was Oct 22, 1987 at -14.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.63% | -0.41% | -8.47% | 15.59% | 11.77% | 1.26% | 23.59% | ||||||
| 2025 | 5.07% | -3.61% | -7.09% | 1.06% | 7.90% | 8.32% | 0.96% | 2.10% | 5.67% | 6.03% | 0.18% | 1.89% | 31.01% |
| 2024 | 1.52% | 5.95% | 3.12% | -4.69% | 4.19% | 5.50% | -0.21% | 2.65% | 1.99% | -0.60% | 3.79% | -1.33% | 23.58% |
| 2023 | 7.98% | -1.81% | 3.73% | 0.48% | 1.87% | 4.68% | 3.71% | -1.88% | -5.12% | -1.66% | 9.47% | 5.44% | 29.14% |
| 2022 | -12.00% | -2.59% | 0.28% | -11.68% | -1.47% | -7.54% | 7.92% | -2.73% | -8.11% | 4.31% | 5.81% | -4.50% | -29.67% |
| 2021 | -0.69% | 2.52% | -1.14% | 4.77% | -0.54% | 3.44% | 0.15% | 3.49% | -4.02% | 6.01% | -3.92% | 2.64% | 12.85% |
Benchmark Metrics
American Funds The New Economy Fund has an annualized alpha of 5.56%, beta of 0.86, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since January 02, 1986.
- This fund captured 116.67% of S&P 500 Index gains but only 97.21% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 5.56% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.86 and R2 of 0.73, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 5.56%
- Beta
- 0.86
- R²
- 0.73
- Upside Capture
- 116.67%
- Downside Capture
- 97.21%
Expense Ratio
ANEFX has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ANEFX ranks 87 for risk / return — in the top 87% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for American Funds The New Economy Fund (ANEFX) and compare them to S&P 500 Index.
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.
| ANEFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 2.78 | +1.20 |
| Martin ratioReturn relative to average drawdown | 17.21 | 12.44 | +4.78 |
Dividends
Dividend History
American Funds The New Economy Fund provided a 8.03% dividend yield over the last twelve months, with an annual payout of $7.21 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.21 | $7.21 | $5.86 | $2.14 | $0.00 | $5.10 | $1.47 | $3.36 | $3.88 | $3.70 | $1.66 | $2.22 |
Dividend yield | 8.03% | 9.93% | 9.59% | 3.96% | 0.00% | 8.24% | 2.47% | 7.34% | 10.00% | 8.28% | 4.61% | 6.16% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds The New Economy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.21 | $7.21 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.86 | $5.86 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.14 | $2.14 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.10 | $5.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds The New Economy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds The New Economy Fund was 61.28%, occurring on Oct 9, 2002. Recovery took 1166 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -61.28%Oct 2002 | 2y 6mo | 4y 7mo | 7y 2moMar 2000 - May 2007 |
Financial crisis2007–2009 | -55.35%Mar 2009 | 1y 4mo | 3y 6mo | 4y 10moNov 2007 - Sep 2012 |
Bear market2022 | -36.63%Oct 2022 | 11mo 1d | 1y 8mo | 2y 6moNov 2021 - Jun 2024 |
Black Monday1987 | -31.09%Dec 1987 | 1mo 29d | 1y 6d | 1y 2moOct 1987 - Dec 1988 |
COVID crash2020 | -30.50%Mar 2020 | 1mo 2d | 3mo 15d | 4mo 17dFeb 2020 - Jul 2020 |
Drawdown Indicators
| ANEFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.28% | -56.78% | -4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.35% | -9.10% | -4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -20.82% | -18.90% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -36.63% | -25.43% | -11.20% |
Max Drawdown (10Y)Largest decline over 10 years | -36.63% | -33.92% | -2.71% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -10.71% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.03% | +1.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ANEFX
Add American Funds The New Economy Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ANEFX