ANEFX vs. AMCPX
Compare and contrast key facts about American Funds The New Economy Fund (ANEFX) and American Funds AMCAP Fund Class A (AMCPX).
ANEFX is managed by American Funds. It was launched on Nov 30, 1983. AMCPX is managed by American Funds. It was launched on Jan 5, 1967.
Performance
ANEFX vs. AMCPX - Performance Comparison
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ANEFX vs. AMCPX - 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% |
AMCPX American Funds AMCAP Fund Class A | -11.82% | 17.68% | 21.11% | 31.04% | -28.67% | 20.57% | 21.42% | 26.35% | -4.42% | 22.08% |
Returns By Period
In the year-to-date period, ANEFX achieves a -8.49% return, which is significantly higher than AMCPX's -11.82% return. Over the past 10 years, ANEFX has outperformed AMCPX with an annualized return of 13.50%, while AMCPX has yielded a comparatively lower 10.59% 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%
AMCPX
- 1D
- -0.37%
- 1M
- -10.12%
- YTD
- -11.82%
- 6M
- -9.34%
- 1Y
- 11.06%
- 3Y*
- 14.39%
- 5Y*
- 6.22%
- 10Y*
- 10.59%
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ANEFX vs. AMCPX - Expense Ratio Comparison
ANEFX has a 0.75% expense ratio, which is higher than AMCPX's 0.65% expense ratio.
Return for Risk
ANEFX vs. AMCPX — Risk / Return Rank
ANEFX
AMCPX
ANEFX vs. AMCPX - 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 AMCAP Fund Class A (AMCPX). 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 | AMCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 0.56 | +0.74 |
Sortino ratioReturn per unit of downside risk | 1.88 | 0.94 | +0.94 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.13 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 0.59 | +1.19 |
Martin ratioReturn relative to average drawdown | 7.69 | 2.42 | +5.27 |
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 | AMCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.56 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.33 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.57 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.57 | +0.12 |
Correlation
The correlation between ANEFX and AMCPX is 0.93, 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. AMCPX - Dividend Comparison
ANEFX's dividend yield for the trailing twelve months is around 10.85%, more than AMCPX's 9.90% 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% |
AMCPX American Funds AMCAP Fund Class A | 9.90% | 8.73% | 8.19% | 3.26% | 7.54% | 3.43% | 3.88% | 4.90% | 7.84% | 5.37% | 3.81% | 8.86% |
Drawdowns
ANEFX vs. AMCPX - Drawdown Comparison
The maximum ANEFX drawdown since its inception was -61.28%, roughly equal to the maximum AMCPX drawdown of -62.37%. Use the drawdown chart below to compare losses from any high point for ANEFX and AMCPX.
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Drawdown Indicators
| ANEFX | AMCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.28% | -62.37% | +1.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.35% | -14.18% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -36.63% | -36.90% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -36.63% | -36.90% | +0.27% |
Current DrawdownCurrent decline from peak | -13.35% | -14.18% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -9.60% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 3.47% | -0.38% |
Volatility
ANEFX vs. AMCPX - Volatility Comparison
American Funds The New Economy Fund (ANEFX) has a higher volatility of 6.51% compared to American Funds AMCAP Fund Class A (AMCPX) at 5.26%. This indicates that ANEFX's price experiences larger fluctuations and is considered to be riskier than AMCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANEFX | AMCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 5.26% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 11.06% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 19.60% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 19.12% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.99% | 18.63% | +0.36% |