- ISIN
- US6438228289
- Issuer
- American Funds
- Inception Date
- Aug 1, 2008
- Category
- Global Equities
- Min. Investment
- $250
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
NEFFX Performance Chart
American Funds The New Economy Fund® Class F-2 (NEFFX) is up 14.2% since the beginning of the year. NEFFX is currently trading at $83 per share. Investors who bought $1,000 worth of NEFFX shares 5 years ago would now be looking at an investment worth $1,750.
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Returns By Period
American Funds The New Economy Fund® Class F-2 (NEFFX) has returned 14.22% so far this year and 36.10% over the past 12 months. Looking at the last ten years, NEFFX has achieved an annualized return of 15.48%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
American Funds The New Economy Fund® Class F-2
- 1D
- 3.57%
- 1M
- -4.65%
- 6M
- 10.22%
- YTD
- 14.22%
- 1Y
- 36.10%
- 3Y*
- 25.26%
- 5Y*
- 11.84%
- 10Y*
- 15.48%
- ALL TIME*
- 13.00%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NEFFX Monthly Returns History
Based on dividend-adjusted daily data since Aug 1, 2008, NEFFX's average daily return is +0.06%, while the average monthly return is +1.15%. At this rate, an investment would double in approximately 5.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2026 with a return of +15.6%, while the worst month was Oct 2008 at -18.5%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, NEFFX closed higher 55% of trading days. The best single day was Oct 13, 2008 with a return of +10.5%, while the worst single day was Mar 16, 2020 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.63% | -0.38% | -8.46% | 15.61% | 11.79% | 1.46% | -7.82% | 14.22% | |||||
| 2025 | 5.09% | -3.60% | -7.07% | 1.09% | 7.90% | 8.35% | 0.97% | 2.12% | 5.69% | 6.04% | 0.20% | 1.92% | 31.31% |
| 2024 | 1.54% | 5.98% | 3.13% | -4.67% | 4.20% | 5.52% | -0.19% | 2.68% | 2.02% | -0.59% | 3.83% | -1.32% | 23.87% |
| 2023 | 7.99% | -1.79% | 3.77% | 0.48% | 1.89% | 4.71% | 3.74% | -1.86% | -5.11% | -1.63% | 9.49% | 5.46% | 29.47% |
| 2022 | -11.98% | -2.57% | 0.30% | -11.65% | -1.45% | -7.53% | 7.94% | -2.72% | -8.07% | 4.33% | 5.84% | -4.49% | -29.50% |
| 2021 | -0.66% | 2.53% | -1.11% | 4.78% | -0.51% | 3.46% | 0.17% | 3.51% | -3.99% | 6.03% | -3.92% | 1.94% | 12.31% |
Benchmark Metrics
American Funds The New Economy Fund® Class F-2 has an annualized alpha of 3.10%, beta of 0.95, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since August 01, 2008.
- This fund captured 109.49% of S&P 500 Index gains but only 98.30% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 3.10% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.95 and R2 of 0.88, 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
- 3.10%
- Beta
- 0.95
- R²
- 0.88
- Upside Capture
- 109.49%
- Downside Capture
- 98.30%
Expense Ratio
NEFFX has an expense ratio of 0.52%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NEFFX ranks 65 for risk / return — above 65% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for American Funds The New Economy Fund® Class F-2 (NEFFX) 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.
| NEFFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.00 | +0.51 |
| Martin ratioReturn relative to average drawdown | 9.33 | 8.49 | +0.83 |
Dividends
Dividend History
American Funds The New Economy Fund® Class F-2 provided a 8.64% dividend yield over the last twelve months, with an annual payout of $7.21 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.21 | $7.21 | $5.89 | $2.27 | $0.08 | $4.67 | $1.60 | $3.45 | $3.99 | $3.79 | $0.90 | $2.30 |
Dividend yield | 8.64% | 9.87% | 9.61% | 4.19% | 0.19% | 7.55% | 2.69% | 7.57% | 10.31% | 8.50% | 2.51% | 6.41% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds The New Economy Fund® Class F-2. 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 | $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 | $5.89 | $5.89 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.27 | $2.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.67 | $4.67 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds The New Economy Fund® Class F-2. 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® Class F-2 was 45.12%, occurring on Mar 9, 2009. Recovery took 257 trading sessions.
The current American Funds The New Economy Fund® Class F-2 drawdown is 7.97%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-45.12%Mar 2009 | 6mo 29d | 1y 7d | 1y 7moAug 2008 - Mar 2010 | Financial crisis2007–2009 |
-36.95%Oct 2022 | 11mo 1d | 1y 8mo | 2y 6moNov 2021 - Jun 2024 | Bear market2022 |
-30.48%Mar 2020 | 1mo 2d | 3mo 15d | 4mo 17dFeb 2020 - Jul 2020 | COVID crash2020 |
-21.33%Oct 2011 | 2mo 27d | 5mo 12d | 8mo 9dJul 2011 - Mar 2012 | — |
-21.06%Feb 2016 | 6mo 26d | 11mo 19d | 1y 6moJul 2015 - Jan 2017 | — |
Drawdown Indicators
| NEFFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.12% | -56.78% | +11.66% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -9.10% | -4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -20.78% | -18.90% | -1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -36.95% | -25.43% | -11.52% |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | -33.92% | -3.03% |
Current DrawdownCurrent decline from peak | -7.97% | -1.58% | -6.39% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -10.70% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.14% | +1.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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