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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANEFX or AGTHX.
Key characteristics
| ANEFX | AGTHX | |
|---|---|---|
| YTD Return | 12.58% | 13.79% |
| 1Y Return | 29.33% | 36.48% |
| 3Y Return (Ann) | 3.74% | 7.21% |
| 5Y Return (Ann) | 11.38% | 14.76% |
| 10Y Return (Ann) | 10.95% | 13.21% |
| Sharpe Ratio | 2.27 | 1.99 |
| Daily Std Dev | 13.56% | 18.13% |
| Max Drawdown | -60.55% | -65.31% |
| Current Drawdown | -2.51% | 0.00% |
Correlation
The correlation between ANEFX and AGTHX is 0.89, 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
ANEFX vs. AGTHX - Performance Comparison
In the year-to-date period, ANEFX achieves a 12.58% return, which is significantly lower than AGTHX's 13.79% return. Over the past 10 years, ANEFX has underperformed AGTHX with an annualized return of 10.95%, while AGTHX has yielded a comparatively higher 13.21% annualized 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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ANEFX vs. AGTHX - Expense Ratio Comparison
ANEFX has a 0.75% expense ratio, which is higher than AGTHX's 0.61% expense ratio.
Risk-Adjusted Performance
ANEFX vs. AGTHX - Risk-Adjusted Performance 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.
Dividends
ANEFX vs. AGTHX - Dividend Comparison
ANEFX's dividend yield for the trailing twelve months is around 3.52%, less than AGTHX's 5.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANEFX American Funds The New Economy Fund | 3.52% | 3.96% | 0.00% | 7.55% | 2.47% | 7.34% | 10.00% | 8.28% | 4.61% | 6.16% | 9.31% | 6.96% |
AGTHX American Funds The Growth Fund of America Class A | 5.98% | 6.81% | 0.75% | 8.18% | 4.55% | 7.89% | 12.71% | 7.54% | 6.61% | 8.87% | 9.90% | 6.71% |
Drawdowns
ANEFX vs. AGTHX - Drawdown Comparison
The maximum ANEFX drawdown since its inception was -60.55%, smaller than the maximum AGTHX drawdown of -65.31%. Use the drawdown chart below to compare losses from any high point for ANEFX and AGTHX. For additional features, visit the drawdowns tool.
Volatility
ANEFX vs. AGTHX - Volatility Comparison
American Funds The New Economy Fund (ANEFX) and American Funds The Growth Fund of America Class A (AGTHX) have volatilities of 4.16% and 4.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.