ANEFX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about American Funds The New Economy Fund (ANEFX) and S&P 500 Index (^GSPC).

ANEFX is managed by American Funds. It was launched on Nov 30, 1983.

Performance

ANEFX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds The New Economy Fund (ANEFX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

ANEFX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANEFX American Funds The New Economy Fund	-5.53%	31.01%	23.58%	29.14%	-29.67%	12.85%	33.47%	26.46%	-4.36%	34.37%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, ANEFX achieves a -5.53% return, which is significantly lower than ^GSPC's -3.95% return. Over the past 10 years, ANEFX has outperformed ^GSPC with an annualized return of 13.86%, while ^GSPC has yielded a comparatively lower 12.24% annualized return.

ANEFX

• 1D: 3.23%
• 1M: -8.16%
• YTD: -5.53%
• 6M: 1.14%
• 1Y: 30.69%
• 3Y*: 21.55%
• 5Y*: 8.86%
• 10Y*: 13.86%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

ANEFX vs. ^GSPC — Risk / Return Rank

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

ANEFX

ANEFX Risk / Return Rank: 83
ANEFX Sharpe Ratio Rank: 80
ANEFX Sortino Ratio Rank: 82
ANEFX Omega Ratio Rank: 77
ANEFX Calmar Ratio Rank: 87
ANEFX Martin Ratio Rank: 88

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

ANEFX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds The New Economy Fund (ANEFX) and S&P 500 Index (^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.

	ANEFX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.52	0.92	+0.60
Sortino ratio Return per unit of downside risk	2.16	1.41	+0.75
Omega ratio Gain probability vs. loss probability	1.30	1.21	+0.09
Calmar ratio Return relative to maximum drawdown	2.31	1.41	+0.89
Martin ratio Return relative to average drawdown	9.75	6.61	+3.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANEFX vs. ^GSPC - Sharpe Ratio Comparison

The current ANEFX Sharpe Ratio is 1.52, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of ANEFX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ANEFX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	0.92	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.61	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.68	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.46	+0.24

Correlation

The correlation between ANEFX and ^GSPC is 0.88, 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.

Drawdowns

ANEFX vs. ^GSPC - Drawdown Comparison

The maximum ANEFX drawdown since its inception was -61.28%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ANEFX and ^GSPC.

Drawdown Indicators

	ANEFX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-61.28%	-56.78%	-4.50%
Max Drawdown (1Y) Largest decline over 1 year	-13.35%	-12.14%	-1.21%
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 Drawdown Current decline from peak	-10.54%	-5.78%	-4.76%
Average Drawdown Average peak-to-trough decline	-11.48%	-10.75%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.60%	+0.56%

Volatility

ANEFX vs. ^GSPC - Volatility Comparison

American Funds The New Economy Fund (ANEFX) has a higher volatility of 7.52% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that ANEFX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANEFX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.52%	5.37%	+2.15%
Volatility (6M) Calculated over the trailing 6-month period	13.55%	9.55%	+4.00%
Volatility (1Y) Calculated over the trailing 1-year period	20.87%	18.33%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.22%	16.90%	+2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.02%	18.05%	+0.97%