AGVHX vs. ^GSPC
Compare and contrast key facts about American Funds Global Insight Fund (AGVHX) and S&P 500 (^GSPC).
AGVHX is managed by American Funds. It was launched on Mar 31, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGVHX or ^GSPC.
Key characteristics
| AGVHX | ^GSPC | |
|---|---|---|
| YTD Return | 4.38% | 6.92% |
| 1Y Return | 13.62% | 23.33% |
| 3Y Return (Ann) | 3.62% | 6.81% |
| Sharpe Ratio | 1.46 | 2.19 |
| Daily Std Dev | 10.25% | 11.75% |
| Max Drawdown | -29.73% | -56.78% |
| Current Drawdown | -1.97% | -2.94% |
Correlation
The correlation between AGVHX and ^GSPC is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AGVHX vs. ^GSPC - Performance Comparison
In the year-to-date period, AGVHX achieves a 4.38% return, which is significantly lower than ^GSPC's 6.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AGVHX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Global Insight Fund (AGVHX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
AGVHX vs. ^GSPC - Drawdown Comparison
The maximum AGVHX drawdown since its inception was -29.73%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for AGVHX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
AGVHX vs. ^GSPC - Volatility Comparison
The current volatility for American Funds Global Insight Fund (AGVHX) is 3.20%, while S&P 500 (^GSPC) has a volatility of 3.65%. This indicates that AGVHX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.