ANEFX vs. ANCFX
Compare and contrast key facts about American Funds The New Economy Fund (ANEFX) and American Funds Fundamental Investors Class A (ANCFX).
ANEFX is managed by American Funds. It was launched on Nov 30, 1983. ANCFX is managed by American Funds. It was launched on Jan 8, 1978.
Performance
ANEFX vs. ANCFX - Performance Comparison
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ANEFX vs. ANCFX - 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% |
ANCFX American Funds Fundamental Investors Class A | -6.13% | 24.21% | 22.73% | 25.86% | -16.66% | 22.43% | 14.92% | 27.07% | -8.13% | 22.80% |
Returns By Period
In the year-to-date period, ANEFX achieves a -8.49% return, which is significantly lower than ANCFX's -6.13% return. Both investments have delivered pretty close results over the past 10 years, with ANEFX having a 13.50% annualized return and ANCFX not far behind at 12.92%.
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%
ANCFX
- 1D
- -0.62%
- 1M
- -9.88%
- YTD
- -6.13%
- 6M
- -2.09%
- 1Y
- 20.46%
- 3Y*
- 19.35%
- 5Y*
- 11.57%
- 10Y*
- 12.92%
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ANEFX vs. ANCFX - Expense Ratio Comparison
ANEFX has a 0.75% expense ratio, which is higher than ANCFX's 0.59% expense ratio.
Return for Risk
ANEFX vs. ANCFX — Risk / Return Rank
ANEFX
ANCFX
ANEFX vs. ANCFX - 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 Fundamental Investors Class A (ANCFX). 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 | ANCFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.16 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.75 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.61 | +0.17 |
Martin ratioReturn relative to average drawdown | 7.69 | 7.19 | +0.50 |
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 | ANCFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.16 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.70 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.73 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.61 | +0.09 |
Correlation
The correlation between ANEFX and ANCFX is 0.90, 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. ANCFX - Dividend Comparison
ANEFX's dividend yield for the trailing twelve months is around 10.85%, more than ANCFX's 9.11% 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% |
ANCFX American Funds Fundamental Investors Class A | 9.11% | 8.54% | 8.90% | 5.80% | 4.98% | 10.97% | 2.61% | 6.91% | 9.31% | 7.28% | 4.71% | 6.08% |
Drawdowns
ANEFX vs. ANCFX - Drawdown Comparison
The maximum ANEFX drawdown since its inception was -61.28%, which is greater than ANCFX's maximum drawdown of -53.29%. Use the drawdown chart below to compare losses from any high point for ANEFX and ANCFX.
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Drawdown Indicators
| ANEFX | ANCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.28% | -53.29% | -7.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.35% | -11.35% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -36.63% | -25.07% | -11.56% |
Max Drawdown (10Y)Largest decline over 10 years | -36.63% | -33.93% | -2.70% |
Current DrawdownCurrent decline from peak | -13.35% | -10.66% | -2.69% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -7.34% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 2.54% | +0.55% |
Volatility
ANEFX vs. ANCFX - Volatility Comparison
American Funds The New Economy Fund (ANEFX) has a higher volatility of 6.51% compared to American Funds Fundamental Investors Class A (ANCFX) at 4.98%. This indicates that ANEFX's price experiences larger fluctuations and is considered to be riskier than ANCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANEFX | ANCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 4.98% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 10.64% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 17.94% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 16.67% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.99% | 17.65% | +1.34% |