AIVSX vs. ANWPX

Last updated Jun 24, 2026

AIVSX (American Funds Investment Company of America Class A) and ANWPX (American Funds New Perspective Fund Class A) are both mutual funds - AIVSX is a Large Cap Blend Equities fund managed by American Funds, while ANWPX is a Global Equities fund actively managed by American Funds. Over the past 10 years, AIVSX returned 14.35%/yr vs 13.91%/yr for ANWPX. Their correlation of 0.87 suggests significant overlap in exposure. AIVSX charges 0.55%/yr vs 0.71%/yr for ANWPX.

Performance

AIVSX vs. ANWPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Investment Company of America Class A (AIVSX) and American Funds New Perspective Fund Class A (ANWPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVSX achieves a 8.86% return, which is significantly higher than ANWPX's 6.46% return. Both investments have delivered pretty close results over the past 10 years, with AIVSX having a 14.35% annualized return and ANWPX not far behind at 13.91%.

AIVSX

• 1D: -0.76%
• 1M: 0.12%
• YTD: 8.86%
• 6M: 8.22%
• 1Y: 22.74%
• 3Y*: 23.01%
• 5Y*: 14.54%
• 10Y*: 14.35%

ANWPX

• 1D: -0.15%
• 1M: 1.84%
• YTD: 6.46%
• 6M: 5.81%
• 1Y: 18.70%
• 3Y*: 17.89%
• 5Y*: 8.32%
• 10Y*: 13.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIVSX vs. ANWPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIVSX American Funds Investment Company of America Class A	8.86%	20.47%	24.90%	28.56%	-15.50%	25.10%	14.47%	24.10%	-8.21%	19.54%
ANWPX American Funds New Perspective Fund Class A	6.46%	21.33%	16.76%	24.63%	-25.92%	17.64%	33.42%	30.10%	-5.99%	28.91%

Correlation

The correlation between AIVSX and ANWPX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990	0.87

The correlation between AIVSX and ANWPX has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

Return for Risk

AIVSX vs. ANWPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIVSX

AIVSX Risk / Return Rank: 45
AIVSX Sharpe Ratio Rank: 44
AIVSX Sortino Ratio Rank: 42
AIVSX Omega Ratio Rank: 44
AIVSX Calmar Ratio Rank: 42
AIVSX Martin Ratio Rank: 55

ANWPX

ANWPX Risk / Return Rank: 28
ANWPX Sharpe Ratio Rank: 27
ANWPX Sortino Ratio Rank: 26
ANWPX Omega Ratio Rank: 28
ANWPX Calmar Ratio Rank: 25
ANWPX Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIVSX vs. ANWPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Investment Company of America Class A (AIVSX) and American Funds New Perspective Fund Class A (ANWPX). 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.

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.

	AIVSX	ANWPX	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.39	+0.41
Sortino ratio: Return per unit of downside risk	2.49	1.98	+0.51
Omega ratio: Gain probability vs. loss probability	1.33	1.26	+0.07
Calmar ratio: Return relative to maximum drawdown	2.37	1.73	+0.63
Martin ratio: Return relative to average drawdown	10.45	7.18	+3.27

AIVSX vs. ANWPX - Sharpe Ratio Comparison

The current AIVSX Sharpe Ratio is 1.81, which is comparable to the ANWPX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of AIVSX and ANWPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIVSX vs. ANWPX - Drawdown Comparison

The maximum AIVSX drawdown since its inception was -50.90%, roughly equal to the maximum ANWPX drawdown of -52.34%. Use the drawdown chart below to compare losses from any high point for AIVSX and ANWPX.

Drawdown Indicators

	AIVSX	ANWPX	Difference
Max Drawdown Largest peak-to-trough decline	-50.90%	-52.34%	+1.44%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-11.48%	+1.40%
Max Drawdown (3Y) Largest decline over 3 years	-17.40%	-17.93%	+0.53%
Max Drawdown (5Y) Largest decline over 5 years	-24.31%	-34.45%	+10.14%
Max Drawdown (10Y) Largest decline over 10 years	-31.09%	-34.45%	+3.36%
Current Drawdown Current decline from peak	-1.85%	-0.86%	-0.99%
Average Drawdown Average peak-to-trough decline	-5.90%	-8.10%	+2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	2.77%	-0.49%

Volatility

AIVSX vs. ANWPX - Volatility Comparison

The current volatility for American Funds Investment Company of America Class A (AIVSX) is 4.99%, while American Funds New Perspective Fund Class A (ANWPX) has a volatility of 5.75%. This indicates that AIVSX experiences smaller price fluctuations and is considered to be less risky than ANWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIVSX	ANWPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	5.75%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	10.55%	11.94%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	14.31%	-1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.11%	17.36%	-1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.64%	17.88%	-1.24%

AIVSX vs. ANWPX - Expense Ratio Comparison

AIVSX has a 0.55% expense ratio, which is lower than ANWPX's 0.71% expense ratio.

Dividends

AIVSX vs. ANWPX - Dividend Comparison

AIVSX's dividend yield for the trailing twelve months is around 9.21%, more than ANWPX's 6.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVSX American Funds Investment Company of America Class A	9.21%	10.60%	9.29%	4.96%	6.12%	6.94%	1.65%	6.15%	9.61%	7.08%	5.48%	8.95%
ANWPX American Funds New Perspective Fund Class A	6.18%	6.57%	5.13%	5.36%	4.16%	7.01%	4.13%	3.67%	7.59%	5.50%	3.86%	6.14%

Frequently Asked Questions

Can I hold both AIVSX and ANWPX in my portfolio?

With a correlation of 0.94, AIVSX and ANWPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AIVSX or ANWPX?

ANWPX has higher volatility (5.75%) compared to AIVSX (4.99%). In terms of maximum drawdown, AIVSX dropped -50.90% vs ANWPX's -52.34%.

Which has better risk-adjusted returns?

AIVSX currently has the higher Sharpe Ratio (1.81 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.