ANEFX Alternatives & Similar Mutual Funds

American Funds The New Economy Fund (ANEFX) belongs to the Global Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ANEFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ANEFX

ANEFX charges 0.75% annually. There are 54 mutual funds in the Global Equities category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
GMGEX	GMO Global Equity Allocation Fund	0.01%	—	Nov 1996	ANEFX vs GMGEX
GWOAX	GMO Global Developed Equity Allocation Fund	0.01%	—	Jun 2005	ANEFX vs GWOAX
SSGLX	State Street Global All Cap Equity ex-U.S. Index F...	0.07%	—	Sep 2014	ANEFX vs SSGLX
VTWAX	Vanguard Total World Stock Index Fund Admiral Shar...	0.09%	90.20B	Feb 2019	ANEFX vs VTWAX
UCEQX	USAA Cornerstone Equity Fund	0.09%	—	Jun 2012	ANEFX vs UCEQX

Best Risk-Adjusted Alternatives to ANEFX

ANEFX has a PortfoliosLab risk / return rank of 88. There are 11 mutual funds in the Global Equities category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
LVAGX	LSV Global Value Fund	96	—	Jun 2014	ANEFX vs LVAGX
VGPMX	Vanguard Global Capital Cycles Fund	95	3.90B	May 1984	ANEFX vs VGPMX
GCCHX	GMO Climate Change Fund	93	—	Apr 2017	ANEFX vs GCCHX
EPSYX	MainStay Epoch Global Equity Yield Fund	92	—	Dec 2005	ANEFX vs EPSYX
JGYIX	John Hancock Global Shareholder Yield Fund	92	—	Feb 2007	ANEFX vs JGYIX

Top Performing ANEFX Alternatives (YTD)

ANEFX is at 22.90% YTD. There are 7 mutual funds in the Global Equities category with higher YTD returns, going as high as 28.94%.

Symbol	Name	YTD Return	AUM	Inception
OBEGX	Oberweis Global Opportunities Fund	28.94%	—	Jan 1987	ANEFX vs OBEGX
GCCHX	GMO Climate Change Fund	28.83%	—	Apr 2017	ANEFX vs GCCHX
LVAGX	LSV Global Value Fund	25.25%	—	Jun 2014	ANEFX vs LVAGX
AGLOX	Ariel Global Fund	24.67%	—	Dec 2011	ANEFX vs AGLOX
PRGSX	T. Rowe Price Global Stock Fund	23.78%	—	Dec 1995	ANEFX vs PRGSX

Lowest Volatility Alternatives to ANEFX

ANEFX has 17.19% 1-year volatility. There are 211 mutual funds in the Global Equities category with lower 1-year volatility, going as low as 6.81%.

Symbol	Name	Volatility 1Y	AUM	Inception
VMVFX	Vanguard Global Minimum Volatility Fund Investor S...	6.81%	2.00B	Dec 2013	ANEFX vs VMVFX
VMNVX	Vanguard Global Minimum Volatility Fund Admiral Sh...	6.83%	2.00B	Dec 2013	ANEFX vs VMNVX
SVTAX	SEI Institutional Managed Trust Global Managed Vol...	7.21%	—	Jul 2006	ANEFX vs SVTAX
MFWIX	MFS Global Total Return Fund Class I	7.38%	—	Sep 1990	ANEFX vs MFWIX
SGMAX	SEI Institutional Investments Trust Global Managed...	7.62%	—	Jan 2016	ANEFX vs SGMAX

Lowest Drawdown Alternatives to ANEFX

ANEFX has a 1-year max drawdown of -13.35%. There are 203 mutual funds in the Global Equities category with shallower 1-year drawdowns, going as shallow as -5.21%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
RTXAX	Russell Investment Tax-Managed Real Assets Fund	-5.21%	—	Jun 2019	ANEFX vs RTXAX
GQFPX	GQG Partners Global Quality Dividend Income Fund	-5.24%	—	Jun 2021	ANEFX vs GQFPX
GQRPX	GQG Partners Global Quality Equity Fund	-5.37%	—	Mar 2019	ANEFX vs GQRPX
GQRIX	GQG Partners Global Quality Equity Fund Institutio...	-5.40%	—	Mar 2019	ANEFX vs GQRIX
LVAFX	LSV Global Managed Volatility Fund	-5.76%	—	Jun 2014	ANEFX vs LVAFX

Other Mutual Funds from American Funds

The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, RGAGX and span 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	85	9.98%	—	Jul 1975	ANEFX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	55	10.91%	—	Jan 1934	ANEFX vs AIVSX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	35	10.24%	—	Dec 1973	ANEFX vs RGAGX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	38	5.89%	—	Jul 1952	ANEFX vs AWSHX
RERGX	American Funds EuroPacific Growth Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities	40	12.33%	—	—	ANEFX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities	75	15.14%	—	Jan 1978	ANEFX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Large Cap Growth Equities, Global Equities	29	7.38%	—	Mar 1973	ANEFX vs ANWPX
GFFFX	American Funds The Growth Fund of America	Large Cap Growth Equities	34	10.19%	—	Dec 1973	ANEFX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	53	6.34%	—	Dec 1973	ANEFX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	27	6.34%	—	Jan 1967	ANEFX vs AMCPX

Often Compared With ANEFX

Investors most often compare ANEFX with AGTHX, SPY, VTI. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
AGTHX	American Funds The Growth Fund of America Class A	Large Cap Growth Equities	34	10.09%	—	Dec 1973	ANEFX vs AGTHX
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	10.91%	781.00B	Jan 1993	ANEFX vs SPY
VTI	Vanguard Total Stock Market ETF	Large Cap Blend Equities	68	11.20%	2.20T	May 2001	ANEFX vs VTI
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	80	19.01%	94.95B	Oct 2011	ANEFX vs SCHD
VFIAX	Vanguard 500 Index Fund Admiral Shares	S&P 500, Large Cap Blend Equities	73	11.69%	1.60T	Nov 2000	ANEFX vs VFIAX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	71	12.08%	—	—	ANEFX vs FSKAX
^GSPC	S&P 500 Index		73	10.35%	—	—	ANEFX vs ^GSPC
AGVHX	American Funds Global Insight Fund	Global Equities	38	9.96%	—	Mar 2011	ANEFX vs AGVHX
LGRRX	Loomis Sayles Growth Fund	Large Cap Growth Equities	10	-0.34%	—	Feb 2013	ANEFX vs LGRRX
MGOYX	Victory Munder Mid-Cap Core Growth Fund	Mid Cap Growth Equities	63	19.17%	—	Jun 1998	ANEFX vs MGOYX
DIA	State Street SPDR Dow Jones Industrial Average ETF...	Large Cap Blend Equities	48	6.26%	44.42B	Jan 1998	ANEFX vs DIA
AIVGX	American Funds International Vantage Fund	Foreign Large Cap Equities	13	5.78%	—	Mar 2011	ANEFX vs AIVGX
FOCPX	Fidelity OTC Portfolio	Large Cap Growth Equities	93	27.59%	—	Dec 1984	ANEFX vs FOCPX
DWGAX	American Funds Developing World Growth and Income ...	Emerging Markets Diversified	83	22.10%	—	Feb 2014	ANEFX vs DWGAX
NEWFX	American Funds New World Fund	Emerging Markets Diversified	65	17.42%	—	Jun 1999	ANEFX vs NEWFX
PRJZX	PGIM Jennison Global Opportunities Fund	Global Equities	9	9.40%	—	Mar 2012	ANEFX vs PRJZX
VT	Vanguard Total World Stock ETF	Global Equities	67	12.24%	90.20B	Jun 2008	ANEFX vs VT
AVDV	Avantis International Small Cap Value ETF	Foreign Small & Mid Cap Equities	78	16.04%	19.44B	Sep 2019	ANEFX vs AVDV
FATIX	Fidelity Advisor Technology Fund Class I	Technology Equities	—	—	—	Sep 1996	ANEFX vs FATIX
VYMI	Vanguard International High Dividend Yield ETF	Dividend, Foreign Large Cap Equities	66	11.31%	20.00B	Feb 2016	ANEFX vs VYMI

Compare ANEFX with Any Fund or Stock

Compare ANEFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair ANEFX with funds that move differently

American Funds The New Economy Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ANEFX.

Explore ANEFX Diversifiers

American Funds The New Economy Fund (ANEFX) Alternatives