ANEFX vs. ABALX
Compare and contrast key facts about American Funds The New Economy Fund (ANEFX) and American Funds American Balanced Fund Class A (ABALX).
ANEFX is managed by American Funds. It was launched on Nov 30, 1983. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
ANEFX vs. ABALX - Performance Comparison
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ANEFX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANEFX American Funds The New Economy Fund | -8.49% | 31.01% | 23.58% | 29.14% | -29.67% | 12.85% | 33.47% | 26.46% | -4.36% | 34.37% |
ABALX American Funds American Balanced Fund Class A | -2.86% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, ANEFX achieves a -8.49% return, which is significantly lower than ABALX's -2.86% return. Over the past 10 years, ANEFX has outperformed ABALX with an annualized return of 13.50%, while ABALX has yielded a comparatively lower 8.98% annualized return.
ANEFX
- 1D
- -1.45%
- 1M
- -11.34%
- YTD
- -8.49%
- 6M
- -0.97%
- 1Y
- 27.41%
- 3Y*
- 20.27%
- 5Y*
- 8.57%
- 10Y*
- 13.50%
ABALX
- 1D
- -0.14%
- 1M
- -6.82%
- YTD
- -2.86%
- 6M
- 0.85%
- 1Y
- 15.33%
- 3Y*
- 13.40%
- 5Y*
- 8.00%
- 10Y*
- 8.98%
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ANEFX vs. ABALX - Expense Ratio Comparison
ANEFX has a 0.75% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Return for Risk
ANEFX vs. ABALX — Risk / Return Rank
ANEFX
ABALX
ANEFX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The New Economy Fund (ANEFX) and American Funds American Balanced Fund Class A (ABALX). 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 | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.43 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.88 | 2.09 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.00 | -0.22 |
Martin ratioReturn relative to average drawdown | 7.69 | 8.51 | -0.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ANEFX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.43 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.77 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.85 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.79 | -0.09 |
Correlation
The correlation between ANEFX and ABALX is 0.84, 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.
Dividends
ANEFX vs. ABALX - Dividend Comparison
ANEFX's dividend yield for the trailing twelve months is around 10.85%, more than ABALX's 8.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANEFX American Funds The New Economy Fund | 10.85% | 9.93% | 9.59% | 3.96% | 0.00% | 8.24% | 2.47% | 7.34% | 10.00% | 8.28% | 4.61% | 6.16% |
ABALX American Funds American Balanced Fund Class A | 8.54% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
ANEFX vs. ABALX - Drawdown Comparison
The maximum ANEFX drawdown since its inception was -61.28%, which is greater than ABALX's maximum drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for ANEFX and ABALX.
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Drawdown Indicators
| ANEFX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.28% | -40.20% | -21.08% |
Max Drawdown (1Y)Largest decline over 1 year | -13.35% | -7.33% | -6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -36.63% | -18.76% | -17.87% |
Max Drawdown (10Y)Largest decline over 10 years | -36.63% | -22.34% | -14.29% |
Current DrawdownCurrent decline from peak | -13.35% | -7.03% | -6.32% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -3.86% | -7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.73% | +1.36% |
Volatility
ANEFX vs. ABALX - Volatility Comparison
American Funds The New Economy Fund (ANEFX) has a higher volatility of 6.51% compared to American Funds American Balanced Fund Class A (ABALX) at 3.26%. This indicates that ANEFX's price experiences larger fluctuations and is considered to be riskier than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANEFX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 3.26% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 6.74% | +6.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 11.11% | +9.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 10.42% | +8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.99% | 10.61% | +8.38% |