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ANEFX vs. AIVSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ANEFX and AIVSX is 0.86, 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. AIVSX - Performance Comparison

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

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Key characteristics

Sharpe Ratio

ANEFX:

0.16

AIVSX:

0.85

Sortino Ratio

ANEFX:

0.43

AIVSX:

1.36

Omega Ratio

ANEFX:

1.07

AIVSX:

1.20

Calmar Ratio

ANEFX:

0.19

AIVSX:

0.96

Martin Ratio

ANEFX:

0.53

AIVSX:

3.76

Ulcer Index

ANEFX:

9.48%

AIVSX:

4.45%

Daily Std Dev

ANEFX:

23.79%

AIVSX:

18.55%

Max Drawdown

ANEFX:

-68.32%

AIVSX:

-50.43%

Current Drawdown

ANEFX:

-10.55%

AIVSX:

-1.78%

Returns By Period

In the year-to-date period, ANEFX achieves a 2.75% return, which is significantly lower than AIVSX's 3.93% return. Over the past 10 years, ANEFX has underperformed AIVSX with an annualized return of 4.81%, while AIVSX has yielded a comparatively higher 11.81% annualized return.


ANEFX

YTD

2.75%

1M

14.43%

6M

-4.49%

1Y

3.68%

5Y*

7.76%

10Y*

4.81%

AIVSX

YTD

3.93%

1M

12.66%

6M

5.21%

1Y

15.75%

5Y*

17.74%

10Y*

11.81%

*Annualized

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ANEFX vs. AIVSX - Expense Ratio Comparison

ANEFX has a 0.75% expense ratio, which is higher than AIVSX's 0.57% expense ratio.


Risk-Adjusted Performance

ANEFX vs. AIVSX — Risk-Adjusted Performance Rank

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

ANEFX
The Risk-Adjusted Performance Rank of ANEFX is 3030
Overall Rank
The Sharpe Ratio Rank of ANEFX is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of ANEFX is 3030
Sortino Ratio Rank
The Omega Ratio Rank of ANEFX is 3131
Omega Ratio Rank
The Calmar Ratio Rank of ANEFX is 3232
Calmar Ratio Rank
The Martin Ratio Rank of ANEFX is 2727
Martin Ratio Rank

AIVSX
The Risk-Adjusted Performance Rank of AIVSX is 7979
Overall Rank
The Sharpe Ratio Rank of AIVSX is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of AIVSX is 7676
Sortino Ratio Rank
The Omega Ratio Rank of AIVSX is 8181
Omega Ratio Rank
The Calmar Ratio Rank of AIVSX is 8383
Calmar Ratio Rank
The Martin Ratio Rank of AIVSX is 7979
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ANEFX vs. AIVSX - 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 Investment Company of America Class A (AIVSX). 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.


The current ANEFX Sharpe Ratio is 0.16, which is lower than the AIVSX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of ANEFX and AIVSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

ANEFX vs. AIVSX - Dividend Comparison

ANEFX's dividend yield for the trailing twelve months is around 9.33%, more than AIVSX's 1.04% yield.


TTM20242023202220212020201920182017201620152014
ANEFX
American Funds The New Economy Fund
9.33%9.59%3.96%0.00%7.55%2.47%7.34%10.00%8.28%4.61%6.16%9.31%
AIVSX
American Funds Investment Company of America Class A
1.04%1.07%1.44%1.50%1.20%1.40%1.93%2.17%1.68%1.89%3.08%11.76%

Drawdowns

ANEFX vs. AIVSX - Drawdown Comparison

The maximum ANEFX drawdown since its inception was -68.32%, which is greater than AIVSX's maximum drawdown of -50.43%. Use the drawdown chart below to compare losses from any high point for ANEFX and AIVSX. For additional features, visit the drawdowns tool.


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Volatility

ANEFX vs. AIVSX - Volatility Comparison

American Funds The New Economy Fund (ANEFX) has a higher volatility of 5.99% compared to American Funds Investment Company of America Class A (AIVSX) at 5.35%. This indicates that ANEFX's price experiences larger fluctuations and is considered to be riskier than AIVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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