ANEFX vs. AGTHX
Compare and contrast key facts about American Funds The New Economy Fund (ANEFX) and American Funds The Growth Fund of America Class A (AGTHX).
ANEFX is managed by American Funds. It was launched on Nov 30, 1983. AGTHX is managed by Equity. It was launched on Dec 1, 1973.
Performance
ANEFX vs. AGTHX - Performance Comparison
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ANEFX vs. AGTHX - 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% |
AGTHX American Funds The Growth Fund of America Class A | -8.07% | 19.73% | 28.02% | 37.22% | -30.75% | 19.32% | 37.83% | 28.16% | -3.15% | 26.14% |
Returns By Period
In the year-to-date period, ANEFX achieves a -5.53% return, which is significantly higher than AGTHX's -8.07% return. Both investments have delivered pretty close results over the past 10 years, with ANEFX having a 13.86% annualized return and AGTHX not far ahead at 14.32%.
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%
AGTHX
- 1D
- 3.56%
- 1M
- -6.34%
- YTD
- -8.07%
- 6M
- -7.16%
- 1Y
- 16.84%
- 3Y*
- 20.26%
- 5Y*
- 8.96%
- 10Y*
- 14.32%
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ANEFX vs. AGTHX - Expense Ratio Comparison
ANEFX has a 0.75% expense ratio, which is higher than AGTHX's 0.61% expense ratio.
Return for Risk
ANEFX vs. AGTHX — Risk / Return Rank
ANEFX
AGTHX
ANEFX vs. AGTHX - 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 The Growth Fund of America Class A (AGTHX). 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 | AGTHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.84 | +0.68 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.34 | +0.82 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.26 | +1.05 |
Martin ratioReturn relative to average drawdown | 9.75 | 4.78 | +4.97 |
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 | AGTHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.84 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.45 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.73 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.68 | +0.02 |
Correlation
The correlation between ANEFX and AGTHX is 0.94, 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. AGTHX - Dividend Comparison
ANEFX's dividend yield for the trailing twelve months is around 10.51%, less than AGTHX's 11.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANEFX American Funds The New Economy Fund | 10.51% | 9.93% | 9.59% | 3.96% | 0.00% | 8.24% | 2.47% | 7.34% | 10.00% | 8.28% | 4.61% | 6.16% |
AGTHX American Funds The Growth Fund of America Class A | 11.63% | 10.69% | 8.99% | 7.40% | 4.05% | 8.18% | 4.30% | 7.15% | 11.99% | 7.03% | 6.61% | 8.87% |
Drawdowns
ANEFX vs. AGTHX - Drawdown Comparison
The maximum ANEFX drawdown since its inception was -61.28%, which is greater than AGTHX's maximum drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for ANEFX and AGTHX.
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Drawdown Indicators
| ANEFX | AGTHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.28% | -51.91% | -9.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.35% | -13.76% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -36.63% | -36.38% | -0.25% |
Max Drawdown (10Y)Largest decline over 10 years | -36.63% | -36.38% | -0.25% |
Current DrawdownCurrent decline from peak | -10.54% | -10.70% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -9.23% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.63% | -0.47% |
Volatility
ANEFX vs. AGTHX - Volatility Comparison
American Funds The New Economy Fund (ANEFX) has a higher volatility of 7.52% compared to American Funds The Growth Fund of America Class A (AGTHX) at 6.76%. This indicates that ANEFX's price experiences larger fluctuations and is considered to be riskier than AGTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANEFX | AGTHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.52% | 6.76% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 12.13% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 21.01% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.22% | 20.23% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.02% | 19.64% | -0.62% |